Neuroscience Innovation Foundation

Private foundation · Grantmaker 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.

Key facts about Neuroscience Innovation Foundation

In short: Neuroscience Innovation Foundation gave $111K across 2 grants in 2024 (avg $55K), mostly in Missouri. Source: 2024 IRS Form 990-PF.

EIN
85-1657300
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$110,800
Grants made (2024)
2
Average grant
$55,400
Median grant
$55,400
Total assets
$792
Primary geography
Missouri (90% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

How Neuroscience Innovation Foundation gives

  • Giving grew 454% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

ChattanoogaSaint LouisRichardson

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K2 grants2020 1 grant2021 3 grants2022 1 grant2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $20K (2021) to $178K (2022). In 2024 it made 2 grants totaling $111K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Kipnis Lab Washington University: $100KKipnis Lab WashingtonUniversity$100KSlam Lab University of Texas: $11KSlam Lab University of Texas$11K

The largest 2024 recipient was Kipnis Lab Washington University ($100K). Together the top 2 received $111K.

Grant Size Distribution

9 grants across all recorded years

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

The most common grant size was under $50K: 5 grants of 9 (56%).

Giving History

Grant recipients and amounts by year

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

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$500K$1M$1.5M2020 2021 2022 2023 2024
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
Distributable Amount$2,558$12,415$24,554

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Neuroscience Innovation Foundation is led by Peter Catalano, CEO & Treasurer since 2022 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Peter Catalano

    CEO & Treasurer

    Secretary & CEO → Secretary-Treasurer & CEO, 2021

    Secretary-Treasurer & CEO → Treasurer & CEO, 2022

    On filings since 2020

    37.5 hrs/week

    $41K (2020) → $0 (2024)

  • Thomas Devlin MD PhD

    President & Medical Director

    On filings since 2020

    8 hrs/week

    $16K (2020) → $0 (2024)

  • David Porter

    Secretary

    New on the 2024 filing

    4 hrs/week

    No compensation reported

Former officers (2)
  • Former: Janice Gray (2020–2023) — Secretary & Chief Development Officer
  • Former: Katrina Barton (2020–2021) — Former Treasurer · Filing note: Ended August 2021

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2023 IRS filing

Peter Catalano — Treasurer & CEO: $117KPeter CatalanoTreasurer & CEO$117KThomas Devlin MD PHD — President & Medical Director: $50KThomas Devlin MD PHDPresident & Medical Director$50KJanice Gray — Secretary and Chief Development Office: $13KJanice GraySecretary and Chief Development…$13K

The highest reported compensation on the 2023 filing was $117K, to Peter Catalano (Treasurer & CEO). 3 officers or directors reported compensation on that filing.

Frequently asked questions about Neuroscience Innovation Foundation

How much does Neuroscience Innovation Foundation give each year?

Neuroscience Innovation Foundation gave $111K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 1 grant.

How large is Neuroscience Innovation Foundation?

Neuroscience Innovation Foundation reported $792 in total assets on its 2024 IRS Form 990-PF. It paid out $241K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).

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.

Where does Neuroscience Innovation Foundation operate?

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

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.

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

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