Overview
What is Brain Sciences Foundation?
The Brain Sciences Foundation, situated in Thousand Oaks, California, serves as a dedicated supporter of fundamental sleep research projects carried out by Websciences. Their primary mission encompasses providing ongoing backing for such studies, as well as proposing and developing additional research projects in this field. The foundation's activities in the past year have primarily focused on continuing this support for basic sleep research conducted by Websciences.
Official website here: www.brainsciences.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 16% (Zero-Star out of Four Stars)
The Brain Sciences Foundation has received a low rating of 16% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. While it has not reported any material diversion of assets, the absence of key policies such as Conflict of Interest and Whistleblower policies indicates a lack of robust internal controls.
The foundation's financial management is marked by a program expense ratio of only 28.95%, suggesting that a large portion of its funds may not be directed toward its stated programs. Additionally, the charity has failed to post its tax form on its website, which is a requirement for transparency. The lack of essential governance policies and transparency measures detracts from its credibility and effectiveness as a nonprofit.
Overall, while the Brain Sciences Foundation may have intentions to support brain-related research, its governance and financial practices need significant improvement to enhance accountability and ensure that donor funds are used effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Brain Sciences Foundation legitimate?
Brain Sciences Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brain Sciences 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brainsciences.org
What is the mission statement of Brain Sciences Foundation?
The Brain Sciences Foundation is committed to providing ongoing support for basic sleep research initiatives, primarily through projects proposed by Websciences. Their mission includes developing these research projects, aiming to contribute to advancements in the field of sleep science. Throughout the year, they have been actively supporting basic sleep projects conducted by Websciences, as demonstrated by their accomplishments.
Official website here: www.brainsciences.org
Who is the CEO of Brain Sciences Foundation?
Yvonne Tobin is the Ceo of Brain Sciences Foundation. The CEO's salary of Brain Sciences Foundation is $0 and their total compensation is $0.
Official website here: www.brainsciences.org
What is the revenue of Brain Sciences Foundation?
Brain Sciences Foundation's revenue in 2022 was $32,877.
Official website here: www.brainsciences.org
Who are the executives of Brain Sciences Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brainsciences.org
Where can I find the form 990 for Brain Sciences Foundation?
Brain Sciences Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brainsciences.org
Learn more at the official website: www.brainsciences.org
Mission Statement of Brain Sciences Foundation
The Brain Sciences Foundation is committed to providing ongoing support for fundamental sleep research. This support extends to proposed projects conducted by Websciences, with a focus on developing new research initiatives in the field of sleep studies. The organization's mission is to foster and advance our understanding of sleep patterns and processes, contributing to potential breakthroughs in this field.
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Impact
August, 2024
Brain Sciences Foundation's impact is significant in the field of medical research, particularly in supporting ongoing basic sleep research conducted by WebSciences. Through its continuous support, the foundation has facilitated the development of research projects aimed at advancing our understanding of sleep and related scientific discoveries. Their efforts have contributed to the progress of vital research initiatives within the field, ultimately leading to potential breakthroughs in the study of sleep disorders and related areas.
This information is meant to be a general summary of Brain Sciences 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: $32,877
- Gross Receipts: $689,046
Assets and Liabilities:
- Total Assets: $1,192,353
- Total Liabilities: $0
- Net Assets: $1,192,353
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Organization Details
Founding Year
1989
Principal Officer
Yvonne Tobin
Main Address
3242 CLARITA CT, THOUSAND OAKS, CA, 91362
Website
www.brainsciences.orgNTEE Category
Code: H96Z - Medical research
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