Neuroscience Innovation Foundation

CHATTANOOGA, TN EIN: 85-1657300

Neuroscience Innovation Foundation is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in CHATTANOOGA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $792 in total assets. In 2024, it awarded 2 grants totaling $111K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$792

-99.4% YoY

Annual Giving

$111K

+10.8% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$55K

-44.6% YoY

Under IRS private-foundation payout rules, Neuroscience Innovation Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About Neuroscience Innovation Foundation

Based on IRS filings

Neuroscience Innovation Foundation is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in CHATTANOOGA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $792 in total assets. In 2024, it awarded 2 grants totaling $111K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

ChattanoogaRichardsonSaint LouisSt Louis

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$275K$550K$825K$1M20202021202220232024
Metric202420232022
Total Assets$792$125,167$335,386
Revenue$116,864$182,747$185,149
Expenses$240,916$393,350$461,381
Qualifying Distributions$240,916$393,350$462,187
Net Investment Income
Distributable Amount$2,558$12,415$24,554

Giving Over Time

Total grant dollars and number of grants per year

$0$45K$89K$134K$178K2 grants20201 grants20213 grants20221 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

KIPNIS LAB WASHINGTON UN…$100KSLAM LAB UNIVERSITY OF T…$11K

Grant Size Distribution

9 grants across all recorded years

5<$50K1$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Kipnis Lab Washington University ($100,000), Slam Lab University of Texas ($10,800).

RecipientPurposeAmount
KIPNIS LAB WASHINGTON UNIVERSITY Saint Louis, MOLABORATORY RESEARCH AND RELATED EXPENSES$100,000
SLAM LAB UNIVERSITY OF TEXAS Richardson, TXLABORATORY RESEARCH AND RELATED EXPENSES$10,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
PETER CATALANOCEO & TREASURER37.5
THOMAS DEVLIN MD PHDPRESIDENT AND MEDICAL DIRECTOR8
DAVID PORTERSECRETARY4

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Neuroscience Innovation Foundation?

Neuroscience Innovation Foundation is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in CHATTANOOGA, TN. It holds $792 in total assets as of 2024.

How large is Neuroscience Innovation Foundation?

As of 2024, Neuroscience Innovation Foundation holds $792 in total assets with $117K in annual revenue. It awarded 2 grants totaling $111K in 2024.

Where does Neuroscience Innovation Foundation operate?

Neuroscience Innovation Foundation has awarded grants in Missouri, Tennessee, Texas.

What size grants does Neuroscience Innovation Foundation award?

In 2024, Neuroscience Innovation Foundation awarded 2 grants totaling $111K — an average of about $55K per grant, based on its IRS Form 990 filings.

How much is Neuroscience Innovation Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Neuroscience Innovation Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Neuroscience Innovation Foundation's EIN?

Neuroscience Innovation Foundation's EIN (Employer Identification Number) is 85-1657300. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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