Annual Information Statement 2017

Legal Name: 
BRAIN FOUNDATION
ABN: 
47008479936

Section A: Charity Information

Charity size: 
Large
Basic Religious Charity: 
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity: 
Grant-making activities
Main activities: 
Research
Description of charity's activities and outcomes: 
Provided updated information to the community about brain and spine disorders and injuries and funded a large number of leading research projects.
Main beneficiary: 
General community in Australia
Where the charity conducted activities during the 2017 reporting period: 
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources: 
  • Full time employees: 1
  • Part time employees: 5
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 2
  • Estimated number of volunteers: 0

Section D: Finance

Charity's 2017 reporting period: 
1 July 2016 to 30 June 2017
Type of financial statement: 
General purpose financial statements
Financial report consolidated with more than one entity?
Yes
Did your charity have any related party transactions?
No
Does your charity have documented policies or processes about related party transactions?
No

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$600,574.00
Revenue from providing goods or services: 
$58,204.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$280,940.00
All other revenue: 
$80,200.00
Total revenue: 
$1,019,918.00
Other income (for example, gains): 
$0.00
Total gross income: 
$1,019,918.00
Expenses
Employee expenses: 
$306,920.00
Interest expenses: 
$68,538.00
Grants and donations made for use in Australia: 
$550,000.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$481,393.00
Total expenses: 
$1,406,851.00
Net surplus/(deficit): 
$-386,933.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$-386,933.00

Balance Sheet extract

Assets
Total current assets: 
$986,135.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$3,452,493.00
Total non-current assets: 
$3,452,493.00
Total assets: 
$4,438,628.00
Liabilities
Total current liabilities: 
$1,127,308.00
Non-current loans payable: 
$952,112.00
Other non-current liabilities: 
$37,047.00
Total non-current liabilities: 
$989,159.00
Total liabilities: 
$2,116,467.00
Net assets/liabilities: 
$2,322,161.00
Financial report submitted to a state/territory regulator?
Yes
State or territory of the regulator where financial report was submitted: 
  • New South Wales
  • Queensland
  • Western Australia

Section E: Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes