Overview
What is American Brain Foundation?
The American Brain Foundation, situated in Minneapolis, Minnesota, is a nonprofit organization dedicated to propelling breakthrough research into various brain diseases. With a mission to eradicate brain diseases and enhance overall brain health, the foundation is passionate about its vision of a world free from brain diseases. It operates under the belief that brain diseases are interconnected, hence investing in research on shared mechanisms between multiple conditions, potentially paving the way for novel treatments for previously untreatable diseases. In 2022, the foundation funded several research grants in various brain diseases like Amyotrophic Lateral Sclerosis (ALS), Alzheimer's, and Parkinson's, among others. Additionally, it funded a seed grant in autism to promote diversity, equity, and inclusion in autism research. The American Brain Foundation, in collaboration with its partners, also led an initiative to discover a biomarker for the early diagnosis of Lewy body dementia. With just over 9 employees, this organization has played a significant role in funding promising research and fostering tomorrow's brain disease researchers.
Official website here: www.americanbrainfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The American Brain Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a perfect score of 100 in the Accountability & Finance category, the organization demonstrates robust oversight and a commitment to transparency, including fully independent board members and strong financial practices.
While the foundation excels in financial management and program efficiency, evidenced by a program expense ratio of over 76%, it also shows strengths in collecting and utilizing constituent feedback, scoring 100 in several related metrics. This highlights the organization's dedication to meeting the needs of those it serves and refining its practices based on input from the community.
However, the foundation's Culture & Community score, though still strong at 86%, suggests there are some areas for improvement, particularly in equity strategies, where it scored 79 out of 100. This indicates that while the organization is performing well overall, there are opportunities to enhance its policies and processes to promote equity effectively.
This AI summary has been generated from information found on Charity Navigator.
Is American Brain Foundation legitimate?
American Brain Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Brain Foundation 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:
Executive Compensation: $355,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $663,086
For more financial information, click here
Official website here: www.americanbrainfoundation.org
What is the mission statement of American Brain Foundation?
The American Brain Foundation is committed to speeding up groundbreaking research in various brain diseases and enhancing overall brain health for everyone. They are deeply invested in their mission, convinced that a world free from brain diseases is achievable. Their motto, "Cure One, Cure Many," reflects their belief that brain diseases are interconnected. As a result, they focus on funding research into shared mechanisms across multiple brain diseases and conditions, paving the way for the development of treatments for previously incurable diseases. The foundation prioritizes identifying and supporting top-tier researchers, ensuring that the discoveries from their research investments endure and progress into the future.
Official website here: www.americanbrainfoundation.org
Who is the CEO of American Brain Foundation?
Jane Ransom is the Executive Director of American Brain Foundation.
Official website here: www.americanbrainfoundation.org
What is the revenue of American Brain Foundation?
American Brain Foundation's revenue in 2022 was $5,946,773.
Official website here: www.americanbrainfoundation.org
Who are the executives of American Brain Foundation and what are their salaries?
The average compensation at American Brain Foundation during 2022 was $113,127. There are 9 employees and 15 volunteers at American Brain Foundation.
Here are 18 key members and their salaries:
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Official website here: www.americanbrainfoundation.org
Where can I find the form 990 for American Brain Foundation?
American Brain Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanbrainfoundation.org
Learn more at the official website: www.americanbrainfoundation.org
Mission Statement of American Brain Foundation
The American Brain Foundation is dedicated to propelling groundbreaking research in the field of brain diseases, with the ultimate goal of achieving a life without brain diseases for all. This nonprofit organization is fueled by a strong passion for its mission and is confident that its vision can become a reality. The foundation's strategy is based on the belief that brain diseases share common mechanisms, and by investing in research in these areas, new treatments for previously incurable diseases can be developed. The American Brain Foundation partners closely with the American Academy of Neurology, whose Science Committee carefully vets the research grants funded by the foundation to ensure they support the most promising scientists. The organization's motto, "Cure One, Cure Many," reflects its belief in the interconnectedness of brain diseases and its commitment to finding solutions that will benefit a broad range of patients.
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Impact
July, 2024
The American Brain Foundation's impact is evident in its dedication to accelerating breakthrough research on brain diseases and optimizing brain health for all. By funding Next Generation Research grants in various areas such as ALS, Alzheimer's, Parkinson's Disease, and Stroke, the foundation is actively supporting early-career investigators and driving innovative clinical research projects.
With over 80% of researchers funded by the American Brain Foundation receiving additional research grants to further their work, the foundation's investments are paving the way for new treatments and advancements in the field of neurology. Furthermore, initiatives like the development of a biomarker for early diagnosis of Lewy body dementia in collaboration with other organizations are poised to enhance clarity, therapies, and understanding of neurodegenerative brain diseases.
Through its strategic partnerships and commitment to promoting diversity, equity, and inclusion in research, the American Brain Foundation is making significant strides towards its vision of Life Without Brain Disease. By focusing on shared mechanisms among multiple brain diseases, the foundation is setting a strong foundation for addressing previously untreatable conditions and improving the overall well-being of individuals affected by neurological disorders.
This information is meant to be a general summary of American Brain Foundation. 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 2022.
- Investment Income: $54,689
- Gross Receipts: $8,944,650
Assets and Liabilities:
- Total Assets: $16,866,097
- Total Liabilities: $3,676,391
- Net Assets: $13,189,706
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Organization Details
Founding Year
1992
Phone
(612) 928-6300Principal Officer
Jane Ransom
Main Address
201 Chicago Avenue, Minneapolis, MN, 55415
NTEE Category
Code: H96Z - Medical research
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