Inward Bound Mindfulness Education Inc
- Assets
- $418.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Attleboro, MA
- Founding
- 10/2010
- Data as of
- 10/2023
- EIN
- 27-3029390
Organization Overview
Inward Bound Mindfulness Education Inc is located in Attleboro, 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 10/2023, 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 10/2023, Inward Bound Mindfulness Education Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.6m during the year ending 10/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INWARD BOUND PROVIDES IN-DEPTH MINDFULNESS PROGRAMMING FOR YOUTH AND THE ADULTS WHO SUPPORT THEM. OUR PROGRAMMING GUIDES PARTICIPANTS IN DEVELOPING SELF-AWARENESS, COMPASSION, AND ETHICAL DECISION MAKING, AND EMPOWERS THEM TO APPLY THESE SKILLS IN IMPROVING THEIR LIVES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INWARD BOUND MINDFULNESS IS THE NATIONAL LEADER IN IMMERSIVE MINDFULNESS EDUCATION FOR TEENS, YOUNG ADULTS, AND THE ADULTS WHO SUPPORT THEM. EMERGING FROM THE GLOBAL PANDEMIC, INWARD BOUND SAFELY HELD EIGHT IN-PERSON TEEN RETREATS IN FIVE DIFFERENT REGIONS. TEENS FROM 39 DIFFERENT STATES ATTENDED OUR LIFE-CHANGING RETREATS, AND A RECORD 83% OF PARTICIPANTS RECEIVED SCHOLARSHIPS, TOTALING $356,904, A RECORD FIGURE REFLECTING THE INCREASING FINANCIAL NEED AMONG OUR COMMUNITY MEMBERS. ADDITIONALLY, INWARD BOUND PROVIDED SEVERAL CUSTOM PROGRAMS TO SCHOOL COMMUNITIES AND YOUTH-SERVING PROFESSIONALS. IN TOTAL, INWARD BOUND PROVIDED 12 RETREATS AND 14 COURSES AND WORKSHOPS TO A TOTAL OF 723 PARTICIPANTS ACROSS THE COUNTRY.OUR COMMITMENT TO INCLUSIVITY CONTINUED TO BE EVIDENT, WITH 52% OF PARTICIPANTS IDENTIFYING AS BIPOC AND 51% IDENTIFYING AS LGBTQIA+. THESE STATISTICS REPRESENT SIGNIFICANT INCREASES FROM OUR NATIONAL PRE-PANDEMIC AVERAGES OF 32% AND 30%, RESPECTIVELY. INWARD BOUND FURTHER ACCOMPLISHED OUR DIVERSITY, EQUITY, INCLUSION AND ACCESSIBILITY (DEIA) GOALS BY: HOSTING QUARTERLY COMMUNITY CONVERSATIONS, WHICH WERE PRIMARILY YOUTH-LED AND HAD AN AVERAGE OF 20 PARTICIPANTS PER SESSION; UPDATING THE DEIA TRAINING PROGRAM RECEIVED BY OUR RETREAT TEACHERS, MENTORS, AND COORDINATORS; INCREASING THE NUMBER OF BIPOC ASSISTANT RETREAT TEACHERS; CULTIVATING BIPOC- AND LGBTQIA+-CENTERED PROGRAMMATIC PARTNERSHIPS; AND, IMPLEMENTING AN ORGANIZATIONAL EQUITY LENS TO HELP INFORM PROGRAMS, PROCESSES, POLICIES AND DECISION-MAKING AT THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wax Director, Teacher, Prog Support | Trustee | 10 | $23,524 |
Anthony Sartori Director, Equity Advisory | Trustee | 2 | $3,204 |
Falcon Caligiuri-Randall Director, Youth Adv. Committee | Trustee | 2 | $0 |
Jacqui Clay President, Systems Committee, Program Support | OfficerTrustee | 2 | $7,299 |
David Macek Treasurer, Development & Business | OfficerTrustee | 40 | $84,786 |
Jennifer Heitel Secretary, Oper. & Finance | OfficerTrustee | 32 | $71,540 |
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 | $1,124,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,768 |
| Total Program Service Revenue | $369,410 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,054 |
| 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. | $156,326 |
| Compensation of current officers, directors, key employees. | $12,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $465,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,484 |
| Payroll taxes | $63,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,873 |
| Advertising and promotion | $122,101 |
| Office expenses | $17,208 |
| Information technology | $1,167 |
| Royalties | $0 |
| Occupancy | $6,588 |
| Travel | $0 |
| 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 | $10,341 |
| All other expenses | $20,165 |
| Total functional expenses | $1,550,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $312,000 |
| 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 | $6,704 |
| 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 | $417,956 |
| Accounts payable and accrued expenses | $157,247 |
| Grants payable | $0 |
| Deferred revenue | $13,502 |
| 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 | $170,749 |
| Net assets without donor restrictions | $114,538 |
| Net assets with donor restrictions | $132,669 |
| 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 | $417,956 |