Invisible Wounds Foundation
Invisible Wounds Foundation exists to understand the underlying cause of blast-related brain injuries suffered by our nations warriors and veterans in training and in combat. We identify evaluate and fund critical and innovative research undertaken by defense and governmental health agencies and other research institutions.
Invisible Wounds Foundation at a glance
- Total assets
- $135,955
- +74.2% vs 2024
- Revenue (2025)
- $572,168
- +65.6% vs 2024
- Net investment income (2025)
- $10
- Expenses (2025)
- $493,360
- +56.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Invisible Wounds Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $5K (2022) to $100K (2023). In 2024 it made 1 grant totaling $35K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cohen Veteran Bioscience New York, NY | The purpose of the grant is to further research into wounded veterans issues. | $35,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $135,955 | $572,168 | $493,360 | — | — | $10 |
| 2024 | $78,029 | $345,565 | $315,203 | $35,000 | 1 | — |
| 2023 | $57,466 | $379,424 | $440,197 | $100,000 | 2 | $4 |
| 2022 | $108,440 | $265,709 | $167,269 | $5,000 | Total only | $3 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Invisible Wounds Foundation
Based on IRS filings
Invisible Wounds Foundation is a public charity focused on Health, based in Chicago, IL. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $136K in total assets. Net investment income was $10.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Invisible Wounds Foundation is led by Shannon Finn Connell, CEO since 2025 (on filings since 2022); 2 of 9 officers listed in 2025 are compensated.
Officers on the 2025 filing
Shannon Finn Connell
CEO
President & Executive Director → CEO, 2025
On filings since 2022
50 hrs/week
$50K (2025)
Brian Edlow MD
Board Director
New on the 2025 filing
2 hrs/week
No compensation reported
Daniel Perl MD
Board Director
New on the 2025 filing
2 hrs/week
No compensation reported
Frank Larkin
Board Director
New on the 2025 filing
2 hrs/week
No compensation reported
VADM Szymanski
Board Director
New on the 2025 filing
2 hrs/week
No compensation reported
Walter Koroshetz MD
Board Director
New on the 2025 filing
2 hrs/week
No compensation reported
James Kelly
Chief Medical Scientist
New on the 2025 filing
5 hrs/week
$60K (2025)
Elizabeth Sheets
Board Secretary
New on the 2025 filing
4 hrs/week
No compensation reported
Robert Fealy
Cso & Treasurer
New on the 2025 filing
50 hrs/week
No compensation reported
Former officers (2)
- Former: Jennifer Keegan (2022–2024) — Treasurer
- Former: Tim Szymanski (2022–2024) — Board Member
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $60K, to Dr James Kelly (Chief Medical Scientist). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Invisible Wounds Foundation
How large is Invisible Wounds Foundation?
Invisible Wounds Foundation reported $136K in total assets on its 2025 IRS Form 990. Its revenue that year was $572K.
What is Invisible Wounds Foundation?
Invisible Wounds Foundation is a public charity focused on Health, based in Chicago, IL. It holds $136K in total assets as of 2025.
Where does Invisible Wounds Foundation operate?
Invisible Wounds Foundation has awarded grants in California, Illinois, New York.
What is Invisible Wounds Foundation's EIN?
Invisible Wounds Foundation's EIN (Employer Identification Number) is 87-4071937. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 31, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
Live grants for the work Invisible Wounds Foundation funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Invisible Wounds Foundation's focus areas in our free grants database
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Invisible Wounds Foundation down — hundreds of funders to go?