Inward Bound Mindfulness Education Inc
- Assets
- $845.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Concord, MA
- Founding
- 10/2010
- Data as of
- 10/2021
- EIN
- 27-3029390
Organization Overview
Inward Bound Mindfulness Education Inc is located in Concord, MA. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 10/2021, Inward Bound Mindfulness Education Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inward Bound Mindfulness Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Inward Bound Mindfulness Education Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.1m during the year ending 10/2021. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IBME PROVIDES ACCESSIBLE RETREATS AND PROGRAMS TO TEENS AND YOUTH-SERVING ADULTS, WHICH TRANSITIONED TO AN ONLINE PLATFORM AMIDST THE ONGOING GLOBAL PANDEMIC. IN ALL, OUR ONLINE PROGRAMS REACHED 1,479 PARTICIPANTS ACROSS 15 RETREATS AND 7 RECURRING PROGRAMS (WEEKLY OR MONTHLY). THESE PROGRAMS INCLUDED OUR FIRST LGBTQIA+ RETREAT (31 TEENS) AND OUR THIRD TEENS OF COLOR RETREAT (19 TEENS). ADDITIONALLY, THE MASSACHUSETTS TEEN SUMMER RETREAT WAS OUR FIRST IN-PERSON RESIDENTIAL RETREAT SINCE THE BEGINNING OF THE COVID-19 PANDEMIC. 46 TEENS ATTENDED THE RETREAT WHICH WAS FILLED TO CAPACITY WITH A LARGE WAITING LIST SEVERAL MONTHS IN ADVANCE. WE ALSO HOSTED AN IN-PERSON THREE-DAY WEEKEND RETREAT IN MICHIGAN DURING THE FALL.IBME ALSO ACCOMPLISHED OUR EQUITY AND INTERDEPENDENCE (EI) GOALS, INCLUDING HOSTING 12 COMMUNITY CONVERSATIONS, WITH AN AVERAGE OF 30 PARTICIPANTS PER SESSION, AND EXPANDING THE EQUITY TRAINING PROGRAM RECEIVED BY OUR TEACHERS, MENTORS, AND RETREAT COORDINATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charisse Minerva Spencer Director, Teacher, Prog Support | Trustee | 12 | $32,057 |
Khalila Archer Director, Teacher, Prog Support | Trustee | 10 | $28,778 |
Jennifer Heitel As Of 52021 Secretary, Oper. & Finance Director | OfficerTrustee | 5 | $13,160 |
Tonya Jones As Of 52021 Director, Prog Strategy, Equity & Community Engage | Trustee | 40 | $10,200 |
Beatriz Meza-Valencia Vice President | OfficerTrustee | 2 | $0 |
Lewis Collins Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $840,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $840,525 |
| Total Program Service Revenue | $231,310 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $82,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,376 |
| Compensation of current officers, directors, key employees. | $42,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,858 |
| Payroll taxes | $35,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,399 |
| Advertising and promotion | $139,290 |
| Office expenses | $19,451 |
| Information technology | $3,253 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $1,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,218 |
| All other expenses | $10,247 |
| Total functional expenses | $1,126,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $350,616 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,444 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $845,042 |
| Accounts payable and accrued expenses | $66,513 |
| Grants payable | $0 |
| Deferred revenue | $102,169 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $168,682 |
| Net assets without donor restrictions | $590,631 |
| Net assets with donor restrictions | $85,729 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $845,042 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inward Bound Mindfulness Education Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
William James Foundation Inc Portland, OR PURPOSE: PROGRAM SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |
Ibero-American Action League Inc Rochester, NY | $5,689,944 | $13,857,002 |
Capstone Community Action Inc Barre, VT | $12,760,181 | $16,370,682 |
Roxbury Tenants Of Harvard Association Inc Boston, MA | $107,579,482 | $10,061,394 |
Cfs Self-Directed Supports Inc New York, NY | $2,767,329 | $14,659,181 |
Mohawk Valley Community Action Agency Inc Utica, NY | $3,321,738 | $14,321,555 |