Open Mind School
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Menlo Park, CA
- Founding
- 06/2011
- Data as of
- 06/2022
- EIN
- 27-3220528
Organization Overview
Open Mind School is located in Menlo Park, CA. The organization was established in 2011. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Open Mind School employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Mind School 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 06/2022, Open Mind School generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 32.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALL CHILDREN SHUOLD HAVE ACCESS TO A QUALITY EDUCATION THAT PROVIDES A BROAD RANGE OF EXPERIENCES.STUDENTS SHOULD ACTIVELY PARTICIPATE IN THEIR OWN LEARNING.TEACHING SHOULD BE BASED ON THE LEARNING STYLES OF THE STUDENTS.INTEGRATING MULTIPLE METHODOLOGIES MAKES IMPLEMENTATION OF BEST PRACTICE MORE INDIVIDUALIZED.EVERYONE SHOULD HAVE THE OPPORTUNITY TO SHARE THOUGHTS, EXPRESS EMOTIONS, AND BE HEARD BY CARING PROFESSIONALS.STUDENTS, FAMILIES, AND PROFESSIONALS MUST WORK IN COLLABORATION TO EFFECTIVELY HELP STUDENTS REACH THEIR MAXIMUM POTENTIAL.PROVIDING REGULAR OPPORTUNITIES FOR INCLUSIVE EXPERIENCES IS IMPORTANT TO BUILD OPENNESS AND UNDERSTANDING IN SOCIETY.TRAINING AND SUPPORT FOR STAFF IS FUNDAMENTAL IN MAINTAINING A WELL INFORMED TEAM TO BEST SERVE THE CHILDREN IN THE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN MIND SCHOOL IS A NONPROFIT K-12 LAB SCHOOL THAT USES DATA ANALYTICS TO CREATE OPTIMAL LEARNING ENVIRONMENTS WITH APPROPRIATE SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marina Vaserman Executive Dir. | OfficerTrustee | 72 | $216,959 |
Michael Seelaus Secretary, CFO | OfficerTrustee | 2 | $0 |
Renee Soufer Board Member | Trustee | 2 | $0 |
Liya Yevdosin Board Member | Trustee | 2 | $0 |
Aerienne Booker Cunningham Board Member | Trustee | 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 | $58,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,817 |
| Total Program Service Revenue | $1,550,748 |
| 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 | $1,609,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $25 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,959 |
| Compensation of current officers, directors, key employees. | $43,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,013,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,556 |
| Payroll taxes | $169,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,549 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,635 |
| Office expenses | $18,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $471,500 |
| Travel | $1,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,567 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,423 |
| Insurance | $0 |
| All other expenses | $26,363 |
| Total functional expenses | $2,094,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $215,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,465 |
| Total assets | $1,375,526 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $14,345 |
| Total liabilities | $14,345 |
| Net assets without donor restrictions | $1,361,181 |
| Net assets with donor restrictions | $0 |
| 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 | $1,375,526 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Open Mind School has recieved totaling $96,418.
| Awarding Organization | Amount |
|---|---|
Smcu Community Fund Redwood City, CA PURPOSE: TO PROVIDE ASSISTANCE TO LEARNING HUBS | $55,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,560 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |