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Nonprofit · EIN 88-2068585

FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC

Tax-exempt · BRENTWOOD, TN 37027

Financials

$695K$88K2023$544K$379K2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$543,891$379,493$164,398$792,007$20,798$771,209
December 31, 2023990$694,799$87,988$606,811$606,969$158$606,811
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$560,845
Program service revenue
$0
Investment income
$27,015
Net income from fundraising events
-$43,969
Other revenue
-$43,969

Expenses

Grants and similar amounts paid
$270,744
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,927
Travel
$5,272
Depreciation
$7,000
Program services (functional)
$328,783
Management and general (functional)
$50,710

Balance sheet and other

Total assets, start of year
$606,969
Total assets, end of year
$792,007
Total liabilities, end of year
$20,798
Net assets, end of year
$771,209
Land, buildings and equipment
$53,000
Publicly traded securities
$639,809
Net assets without donor restrictions
$43,356
Net assets with donor restrictions
$727,853
Gross receipts
$587,860
Employees
0
Volunteers
25
Year formed
2022
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ANNA TAYLOREXECUTIVE DIRECTOR
Trustee or director
40$0
MOHAMED ABDELGHANIBOARD MEMBER
Trustee or director
1$0
KIMBERLY CRESSBOARD MEMBER
Trustee or director
1$0
MARK GEORGEBOARD MEMBER
Trustee or director
1$0
TODD HUTTONBOARD MEMBER
Trustee or director
1$0
MARTHA KOOBOARD MEMBER
Trustee or director
1$0
KRISTIN RAJBOARD MEMBER
Trustee or director
1$0
ROBERT SAMMONSBOARD MEMBER
Trustee or director
1$0
BARON SHORTBOARD MEMBER
Trustee or director
1$0
RICK TRAUTNERBOARD MEMBER
Trustee or director
1$0
DIANA DANIELEBOARD MEMBER
Trustee or director
1$0
CARLENE MACMILLANBOARD MEMBER
Trustee or director
1$0
RANDY PARDELLPRESIDENT
Trustee or director, Officer
2$0
IAN COOKVICE PRESIDENT
Trustee or director, Officer
2$0
KEVIN KINBACKSECRETARY
Trustee or director, Officer
2$0
1 more people on this return
NameTitleHours / weekCompensation
CINDY ELKINSTREASURER
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
KRISTIN RAJBOARD MEMBER
Trustee or director
1$0
MARTHA KOOBOARD MEMBER
Trustee or director
1$0
TODD HUTTONBOARD MEMBER
Trustee or director
1$0
ROBERT SAMMONSBOARD MEMBER
Trustee or director
1$0
DIANA DANIELEBOARD MEMBER
Trustee or director
1$0
RICK TRAUTNERBOARD MEMBER
Trustee or director
1$0
BARON SHORTBOARD MEMBER
Trustee or director
1$0
MARK GEORGEBOARD MEMBER
Trustee or director
1$0
ANNA TAYLOREXECUTIVE DIRECTOR
Trustee or director
40$0
MOHAMED ABDELGHANIBOARD MEMBER
Trustee or director
1$0
KIMBERLY CRESSBOARD MEMBER
Trustee or director
1$0
RANDY PARDELLPRESIDENT
Trustee or director, Officer
2$0
IAN COOKVICE PRESIDENT
Trustee or director, Officer
2$0
CINDY ELKINSTREASURER
Trustee or director, Officer
2$0
KEVIN KINBACKSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
5034 THOROUGHBRED LN STE A, BRENTWOOD, TN 37027-4231
In care of
% RANDY PARDELL
Mailing address (990-N for 2022)
5034A Thoroughbred Lane, Brentwood TN 37027
Principal officer (990 for 2024)
RANDY PARDELL MD, 5034A THOROUGHBRED LANE, BRENTWOOD, TN 37027
Principal officer (990-N for 2022)
Sarah Timm, 5034A Thoroughbred Lane, Brentwood TN 37027
Signed the 990
RANDY PARDELL MD, PRESIDENT
Return prepared by
BELLENFANT PLLC

Mission

OUR MISSION IS TO RAISE AWARENESS AND EDUCATE ABOUT TRANSCRANIAL MAGNETIC STIMULATION THERAPY, WHILE EXPANING ACCESS WORLDWIDE TO THIS LIFE SAVING TREATMENT

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDES MEDICAL SCIENCE, PUBLIC EDUCATION AND DEDICATION TO NATIONAL AWARENESS, PERSONALIZED TREATMENT AND COMPASSION.
    Expenses $328,783

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-2068585
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E03)
Assets (IRS master file)
$792,007
Income (IRS master file)
$587,860

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$543,891$379,493$792,007XML
990December 2023$694,799$87,988$606,969XML
990-N for 2022
Officer: Sarah Timm
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-2068585).

Questions about FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC

What is the EIN of FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC?
The employer identification number (EIN) of FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC is 88-2068585.
Is FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC?
The 990 for the year ended December 31, 2024 names RANDY PARDELL MD.
Who are the officers and directors of FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR THE ADVANCEMENT OF CLINICAL TMS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $543,891, expenses of $379,493 and total assets of $792,007 at year end.

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