Overview
What is Brain Science Foundation Inc?
Brain Science Foundation Inc is a nonprofit organization based in Wellesley, Massachusetts. Its primary mission is to support the Institute for the Neurosciences at Massachusetts General Brigham in conducting research related to brain tumors. They aim to advance diagnostic methods, treatments, and improve patient care, with a specific focus on meningioma and other primary brain tumors. Additionally, the foundation assists Brigham & Women's Hospital in furthering its charitable, scientific, and educational purposes in the brain sciences. Their work is dedicated to advancing the understanding of brain function in relation to these tumors, supporting both basic and clinical research.
Official website here: www.brainsciencefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 63%, Two-Star out of Four Stars.
The Brain Science Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator, with a score of 63%. This rating indicates that while the organization demonstrates a strong commitment to its programmatic mission, it has significant weaknesses in governance and transparency, particularly regarding board independence and the lack of key policies such as a whistleblower policy and document retention protocols.
One of the strengths of the organization is its program expense ratio, which is reported to be 100%, suggesting that all of its expenses are directed towards its mission-related programs. Additionally, there are no material diversions of assets, indicating sound financial management in that regard. However, the complete absence of independent board members raises concerns about oversight and accountability.
The foundation's commitment to transparency is mixed, as it lists its website on the tax form and has a conflict of interest policy in place, but fails to post its tax form on its website. This lack of access to important documents can hinder stakeholder trust and engagement. To improve its rating, the organization would benefit from addressing these governance shortcomings and enhancing its transparency practices.
This AI summary has been generated from information found on Charity Navigator.
Is Brain Science Foundation Inc legitimate?
Brain Science Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brain Science Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.brainsciencefoundation.org
What is the mission statement of Brain Science Foundation Inc?
The Brain Science Foundation Inc is committed to finding a cure for meningioma and other primary brain tumors. Their mission extends beyond this, as they also aim to advance the understanding of brain function in relation to these tumors. To achieve these objectives, the foundation supports both basic and clinical research, as well as promising new diagnostic methods, treatments, and opportunities to enhance patient care. The Brain Science Foundation Inc has been dedicated to these pursuits, but as of September 2023, it will cease operations. Despite its closure, the foundation will ensure all necessary tax returns and filings are completed.
Official website here: www.brainsciencefoundation.org
Who is the CEO of Brain Science Foundation Inc?
Steven Haley is the Treasurer of Brain Science Foundation Inc.
Official website here: www.brainsciencefoundation.org
What is the revenue of Brain Science Foundation Inc?
Brain Science Foundation Inc's revenue in 2023 was $17,165.
Official website here: www.brainsciencefoundation.org
Who are the executives of Brain Science Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.brainsciencefoundation.org
Where can I find the form 990 for Brain Science Foundation Inc?
Brain Science Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.brainsciencefoundation.org
Learn more at the official website: www.brainsciencefoundation.org
Mission Statement of Brain Science Foundation Inc
The Brain Science Foundation Inc is committed to making strides in the realm of brain tumors, with a particular focus on meningioma and other primary brain tumors. Their mission is twofold: firstly, they aim to discover a cure for these brain tumors, and secondly, they strive to advance our understanding of brain function in relation to these tumors. To achieve this, the Brain Science Foundation supports both basic and clinical research in the brain sciences. Their efforts extend to promoting new diagnostic methods, treatments, and opportunities to enhance patient care, with the ultimate goal of improving the quality of life for individuals affected by brain tumors. Regrettably, the Brain Science Foundation Inc has announced its intention to cease operations by September 30, 2023. Despite this, they will ensure all necessary tax filings are completed and the entity will be formally dissolved with the Massachusetts Attorney General's Office.
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Impact
October, 2024
Brain Science Foundation Inc has made significant contributions to the field of brain science, particularly in the areas of research, treatment, and care for brain tumors, such as meningiomas. By supporting the Institute for the Neurosciences at Massachusetts General Brigham, the foundation has played a vital role in advancing both basic and clinical research. This support has fostered the development of promising new diagnostic methods and treatment options, enhancing the quality of care for patients.
With a dedicated mission to find a cure for meningiomas and improve the understanding of brain function related to these tumors, the foundation has focused on scientific and educational initiatives. While the foundation will be ceasing operations effective September 30, 2023, its impact on advancing knowledge and treatment in brain science will continue to resonate within the medical community.
This information is meant to be a general summary of Brain Science Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $17,165
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2009
Phone
(617) 852-5230Principal Officer
Steven Haley
Main Address
PO BOX 812701, WELLESLEY, MA, 02482
NTEE Category
Code: G194 - Disease
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