Healthy Minds Innovations Inc
- Assets
- $3.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Madison, WI
- Founding
- 02/2016
- Data as of
- 06/2023
- EIN
- 47-1196006
Organization Overview
Healthy Minds Innovations Inc is located in Madison, WI. The organization was established in 2016. As of 06/2023, Healthy Minds Innovations Inc employed 36 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 06/2023, Healthy Minds Innovations Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $5.1m during the year ending 06/2023. 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
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. DURING THE 2023 FY, HMI UNDERTOOK 74 PROGRAMS TO PROVIDE THESE SERVICES, WORKING IN A VARIETY OF FIELDS, INCLUDING EDUCATION, HOSPITALITY, MANUFACTURING RESEARCH, SOCIAL SERVICES, HEALTHCARE, PROFESSIONAL SERVICES, AND FINANCE.
HEALTHY MINDS PROGRAM APP - THE HEALTHY MINDS PROGRAM OFFERS CUSTOM CONTENT AND CONSULTING TO CORPORATE, EDUCATIONAL, AND RESEARCH CLIENTS THROUGH MOBILE MEASURES OF WELL-BEING, A SUITE OF TOOLS 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. THE HEALTHY MINDS PROGRAM APP IS ALSO AVAILABLE FREELY WORLDWIDE TO INDIVIDUALS TO TEACH AND MEASURE THE SKILLS OF MENTAL WELL-BEING. DURING FY 2023 WE INCREASED THE NUMBER OF ACTIVE MONTHLY USERS BY 42% TO AN AVERAGE OF 32,400 PEOPLE. THE TEAM ADDED A SPECIAL NEW SERIES, THE DALAI LAMA'S GUIDE TO HAPPINESS. THE TEAM ALSO CREATED 3,500 PIECES OF NEW RECORDED CONTENT THAT HAVE NOW BEEN DEPLOYED IN THE APP.
HEALTHY MINDS RESEARCH PLATFORM - HMI LAUNCHED THE HEALTHY MINDS RESEARCH PLATFORM, A MOBILE-FRIENDLY WEB PLATFORM THAT DELIVERS PERSONALIZED ACTIVITIES AND VALIDATED MEASURES TAILORED TO AN INDIVIDUAL'S NEEDS. THE PLATFORM IS DESIGNED TO INTAKE RICH DATASETS - INCLUDING FACIAL EXPRESSION, VOCAL UTTERANCES, AND GEOGRAPHICAL LOCATION - TO DELIVER THE RIGHT INTERVENTION TO THE RIGHT PERSON AT THE RIGHT TIME. THIS NEW WEB-BASED PLATFORM CAN BE USED FOR CONDUCTING RESEARCH, TEACHING AND MEASURING SKILLS OF WELL-BEING, AND IS DESIGNED TO BE MORE FLEXIBLE AND ACCESSIBLE TO MORE PEOPLE. THE PLATFORM ALSO ALLOWS FOR EASIER TAILORING OF SERVICES AND CAN BE SET UP TO PROVIDE A PERSONALIZED EXPERIENCE, DESIGNED TO INCREASE ENGAGEMENT AND IMPACT. IN ADDITION, THE PLATFORM IS SIMPLER AND MORE EFFICIENT TO MAINTAIN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Arnold Chairman Of The Board | OfficerTrustee | 10 | $0 |
Richard Davidson Vice Chair | OfficerTrustee | 4 | $0 |
Greg Lynch Secretary And Treasurer | OfficerTrustee | 4 | $0 |
Lisette Cooper Director | Trustee | 2 | $0 |
Toni Sikes Director | Trustee | 2 | $0 |
David Lubar Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yeti Cgi Technology Services | 6/29/23 | $770,000 |
University Of Wisconsin-madison Research | 6/29/23 | $454,424 |
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 | $3,664,764 |
| Noncash contributions included in lines 1a–1f | $124,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,664,764 |
| Total Program Service Revenue | $1,321,577 |
| Investment income | $996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $74 |
| 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 | $4,991,534 |
| 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. | $166,988 |
| Compensation of current officers, directors, key employees. | $166,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,139,472 |
| Pension plan accruals and contributions | $49,766 |
| Other employee benefits | $246,170 |
| Payroll taxes | $179,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,574 |
| Fees for services: Accounting | $169,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,482,888 |
| Advertising and promotion | $2,415 |
| Office expenses | $128,832 |
| Information technology | $131,616 |
| Royalties | $0 |
| Occupancy | $32,966 |
| Travel | $20,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,129 |
| Insurance | $30,335 |
| All other expenses | $12,021 |
| Total functional expenses | $5,054,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $974,008 |
| Savings and temporary cash investments | $41,556 |
| Pledges and grants receivable | $86,594 |
| Accounts receivable, net | $300,328 |
| 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 | $295,499 |
| Net Land, buildings, and equipment | $3,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,538,906 |
| Total assets | $3,240,416 |
| Accounts payable and accrued expenses | $274,990 |
| Grants payable | $0 |
| Deferred revenue | $600,151 |
| 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 | $875,141 |
| Net assets without donor restrictions | $2,224,569 |
| Net assets with donor restrictions | $140,706 |
| 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 | $3,240,416 |