Theoretical and Applied Neurocausality Laboratory

Nonprofit profile at a glance

EIN
464929682
IRS 990-EZ coverage
2014–2016
Forms available
Form 990-EZ 2016
Location
Santa Barbara, CA, USA
Phone
8059043678
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Neurology, Neuroscience Research

Reported finances

Revenue
$55,552
Expenses
$53,524
Assets
$33,015
Liabilities
$3,796

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • STEPHEN BAUMGART (PRESIDENT)

People named in this filing

  • STEPHEN BAUMGART (PRESIDENT)
  • MICHAEL FRANKLIN (TREASURER/SECRETARY)
  • JONATHAN SCHOOLER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Conduct scientific research in the fields of physics, physiology, and psychology.

What it reported doing in 2016

*develop software and hardware to execute scientific experiments*executed pilot experiments

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.3%; rating input score 96
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 3.7%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 35.4% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 19.4% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 40.2% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 96.3% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2014 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.