Mind Body Solutions
- Assets
- $709.4k
- Revenue
- $190.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Orono, MN
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 46-0469916
Organization Overview
Mind Body Solutions is located in Orono, MN. The organization was established in 2003. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Mind Body Solutions employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mind Body Solutions 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 12/2023, Mind Body Solutions generated $190.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $287.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 9 years. 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
TRANSFORMING TRAUMA, LOSS, AND DISABILITY BY AWAKENING THE CONNECTION BETWEEN MIND AND BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF A YOGA STUDIO OFFERING REGULARLY SCHEDULED WEEKLY CLASSES AND WORKSHOPS. INCLUDES SALES OF BOOKS, DVD'S, AND CLOTHING.
SEMINARS AND WORKSHOPS TO EDUCATE HEALTHCARE PROFESSIONALS WHO ARE EXPLORING YOGA AS A COMPLEMENTARY HEALTHCARE TREATMENT.
ADAPTIVE YOGA CLASSES FOR INDIVIDUALS LIVING WITH DISABILITIES. INCLUDES TRAINING PROVIDED TO THOSE WISHING TO TEACH ADAPTIVE YOGA IN THEIR OWN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Graves President | OfficerTrustee | 0.5 | $0 |
Patrick Fitzpatrick Vice President/treasurer | OfficerTrustee | 0.35 | $0 |
Rob Ley Secretary | OfficerTrustee | 0.15 | $0 |
Matthew Sanford Board Member, Founder | OfficerTrustee | 0.5 | $0 |
Julie Champ Board Member | Trustee | 0.12 | $0 |
Jane Cowles Board Member | Trustee | 0.12 | $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 | $171,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,030 |
| Total Program Service Revenue | $1,924 |
| Investment income | $17,612 |
| 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 | $190,566 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,898 |
| Payroll taxes | $12,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,140 |
| Advertising and promotion | $518 |
| Office expenses | $7,937 |
| Information technology | $11,207 |
| Royalties | $0 |
| Occupancy | $4,155 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $995 |
| Insurance | $4,798 |
| All other expenses | $0 |
| Total functional expenses | $287,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,578 |
| Savings and temporary cash investments | $595,594 |
| 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 | $3,070 |
| Prepaid expenses and deferred charges | $3,490 |
| Net Land, buildings, and equipment | $52,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $709,427 |
| Accounts payable and accrued expenses | $7,779 |
| 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 | $0 |
| Total liabilities | $7,779 |
| Net assets without donor restrictions | $701,648 |
| 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 | $709,427 |