Healthy Minds Innovations Inc
- Assets
- $5.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Madison, WI
- Founding
- 02/2016
- Data as of
- 06/2021
- EIN
- 47-1196006
Organization Overview
Healthy Minds Innovations Inc is located in Madison, WI. The organization was established in 2016. As of 06/2021, Healthy Minds Innovations Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthy Minds Innovations 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 06/2021, Healthy Minds Innovations Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $4.7m during the year ending 06/2021. 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
MISSION: TRANSLATING SCIENCE INTO TOOLS TO CULTIVATE AND MEASURE WELL-BEINGVISION: A KINDER, WISER MORE COMPASSIONATE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY MINDS@WORK - HEALTHY MINDS@WORK IS AN INNOVATIVE PROGRAM THAT TEACHES INDIVIDUAL SKILLS THAT FOSTER AN ORGANIZATIONAL CULTURE OF ENGAGEMENT AND SUCCESS, SUPPORTING EMPLOYEES AND LEADERS IN ADDRESSING THE UNIQUE CHALLENGES FACING NEXT-STAGE ENTERPRISES. BY BUILDING PERSONAL CAPACITIES FOR AWARENESS, CONNECTION, INSIGHT AND PURPOSE, THE PROGRAM LAYS THE FOUNDATION FOR INDIVIDUAL AND COLLECTIVE WELL-BEING, WHICH ARE CRITICAL FOR CREATING ORGANIZATIONS THAT THRIVE AND SUCCEED.
MOBILE MEASURES OF WELL-BEING - WE ARE DEVELOPING A SUITE OF TOOLS TO BE IMPLEMENTED ON A MOBILE DEVICE THAT MEASURE THE FOUR KEY CONSTITUENTS OF WELL-BEING, BASED ON A COMPREHENSIVE NEUROSCIENTIFICALLY GROUNDED FRAMEWORK: AWARENESS, CONNECTION, INSIGHT AND PURPOSE. THESE MOBILE MEASURES WILL HAVE WIDE-SPREAD APPLICABILITY TO ASSESS THE IMPACT OF INTERVENTIONS AND PROGRAMS DESIGNED TO CULTIVATE WELL-BEING.
LOKA INITIATIVE / SYMPOSIUM - THE LOKA INITIATIVE CONTRIBUTES TO WELL-BEING BY SUPPORTING FAITH-LED ENVIRONMENTAL EFFORTS LOCALLY AND AROUND THE WORLD. A SYMPOSIUM WAS HELD IN MAY 2019 AND BROUGHT TOGETHER FAITH LEADERS AND CULTURE KEEPERS FROM DIVERSE RELIGIOUS AND INDIGENOUS TRADITIONS WITH SCIENTISTS, SCHOLARS, POLICY MAKERS, PHILANTHROPISTS, AND EXPERTS. THE THEME WAS "FAITH IN ACTION FOR A FLOURISHING PLANET AND EXAMINED GLOBAL PROGRESS IN ENVIRONMENTAL AND CLIMATE CHANGE STRATEGIES WHILE INVESTIGATING THE POTENTIAL FOR FAITH-LED ENVIRONMENTAL ACTION. THE SYMPOSIUM INTEGRATED SPIRITUAL RESOURCES SUCH AS SCRIPTURE, MEDITATION, SACRAMENT, RITUAL AND SYMBOLIC ART TO SUPPORT THIS EXCHANGE OF FAITH-BASED AND SCIENTIFIC IDEAS AND STRATEGIES.
MADISON POLICE DEPARTMENT TRAINING - THE CENTER FOR HEALTHY MINDS AND THE MADISON POLICE DEPARTMENT (MPD) COMPLETED A PILOT STUDY TO BETTER UNDERSTAND THE IMPACT OF MINDFULNESS-BASED PRACTICES ON POLICE OFFICERS' PHYSICAL AND MENTAL WELL-BEING. HEALTHY MINDS INNOVATIONS PROVIDED CONSULTATION AND INSTRUCTION FOR THE MINDFULNESS-BASED INTERVENTION.SPEAKING ENGAGEMENTS/BUILD THE MOVEMENT - ENGAGE A CRITICAL MASS OF PEOPLE WHO EMBRACE PRACTICES THAT CULTIVATE WELL-BEING AND INSPIRE A GLOBAL SHIFT TOWARD A KINDER, MORE COMPASSIONATE WORLD.UW ATHLETIC PROGRAM: PROVIDED CUSTOMIZED MINDFULNESS-BASED TRAININGSERVICES TO TEAMS, ATHLETES AND COACHES FROM UW-MADISON ATHLETICSPROGRAMS.COLLEGE OF ENGINEERING AT UNIVERSITY OF WISCONSIN-MADISON PILOT -HEALTHY MINDS INNOVATIONS WORKED WITH THE COLLEGE OF ENGINEERING TOPROVIDE MINDFULNESS TRAINING AS PART OF A PROGRAM INTENDED TO CULTIVATEWELL-BEING WITH ENGINEERING GRADUATE STUDENTS.KINDNESS CURRICULUM - THE CENTER FOR HEALTHY MINDS CREATED AND INVESTIGATED A MINDFULNESS-BASED "KINDNESS CURRICULUM," PUBLISHING RESULTS SUGGESTING ITS POTENTIAL IN INFLUENCING ACADEMIC PERFORMANCE, ALTRUISM AND DELAY OF GRATIFICATION. HEALTHY MINDS INNOVATIONS MADE THE CURRICULUM AVAILABLE TO TEACHERS AND OTHERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Weng Chief Exec Officer Thru Jan 2021 | Officer | 40 | $210,360 |
Kelly Gatzke-Jelle Chief Product Officer Thru Oct 2020 | Officer | 40 | $195,538 |
Joseph Zeimentz COO Thru Oct 2020 | Officer | 40 | $178,430 |
William Pelrine Interim Technical Lead | 40 | $132,360 | |
Andy Ecker Software Engineer | 40 | $131,494 | |
Julie Regina Experience Design Director | 40 | $130,047 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atomic Object Llc Software Development | 6/29/20 | $269,558 |
Deklia T Chungylapa Consulting | 6/29/20 | $112,500 |
Insight Executive Search Executive Officer Search | 6/29/20 | $110,000 |
Atomic Object Llc Software Development | 6/29/20 | $269,558 |
Deklia T Chungylapa Consulting | 6/29/20 | $112,500 |
Insight Executive Search Executive Officer Search | 6/29/20 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $538,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,377,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,915,864 |
| Total Program Service Revenue | $1,356,628 |
| Investment income | $227 |
| 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 | $4,272,719 |
| 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. | $432,554 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,965,104 |
| Pension plan accruals and contributions | $66,680 |
| Other employee benefits | $284,678 |
| Payroll taxes | $163,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,984 |
| Fees for services: Accounting | $20,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $948,777 |
| Advertising and promotion | $36,455 |
| Office expenses | $45,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,508 |
| Travel | $4,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,153 |
| Insurance | $27,633 |
| All other expenses | $0 |
| Total functional expenses | $4,661,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,677 |
| Savings and temporary cash investments | $400,284 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $23,388 |
| 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 | $90,330 |
| Net Land, buildings, and equipment | $10,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $223,792 |
| Other assets | $4,459,989 |
| Total assets | $5,514,455 |
| Accounts payable and accrued expenses | $249,685 |
| Grants payable | $0 |
| Deferred revenue | $102,069 |
| 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 | $544,107 |
| Total liabilities | $895,861 |
| Net assets without donor restrictions | $1,794,717 |
| Net assets with donor restrictions | $2,823,877 |
| 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 | $5,514,455 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Healthy Minds Innovations Inc has recieved totaling $305,050.
| Awarding Organization | Amount |
|---|---|
John E Fetzer Institute Inc Kalamazoo, MI PURPOSE: TOWARD GENERAL OPERATING SUPPORT | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $35,050 |
Nimick Forbesway Foundation Pittsburgh, PA PURPOSE: "HEALTHY MINDS" INITIATIVES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |