Sound Mind Live Inc
- Assets
- $300.0k
- Revenue
- $802.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2022
- EIN
- 83-4613196
Organization Overview
Sound Mind Live Inc is located in Brooklyn, NY. According to its NTEE Classification (F70) the organization is classified as: Mental Health Disorders, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Sound Mind Live Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Mind Live 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 12/2022, Sound Mind Live Inc generated $802.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $891.9k during the year ending 12/2022. 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
THE MISSION OF SOUND MIND LIVE IS TO FOSTER COMMUNITY, OPEN DIALOGUE, AND ACTION ON MENTAL HEALTH THROUGH THE POWER OF MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRODUCTION OF EVENTS, CONCERTS, PODCAST, VIDEO, AND OTHER CONTENT THAT LEVERAGE THE POWER OF MUSIC TO BUILD COMMUNITY AND OPEN DIALOGUE AROUND MENTAL HEALTH, AND ELEVATE CRITICAL MENTAL HEALTH RESOURCES. IN 2022 OUR PROGRAMS REACHED 1.6 MILLION PEOPLE IN PARTNERSHIP WITH MORE THAN 60 ARTISTS ADVOCATING FOR MENTAL HEALTH DIALOGUE AND ACTION. 85% OF OUR AUDIENCE REPORTED THEY CAN HAVE MORE OPEN, HONEST CONVERSATIONS ABOUT MENTAL HEALTH AS A RESULT OF OUR PROGRAMS, AND 86% OF YOUTH REPORTED FEELING A REDUCED SENSE OF "OTHERNESS" RELATED TO MENTAL HEALTH ISSUES AS A RESULT OF OUR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bullard Executive Dir. | Officer | 40 | $106,708 |
Dr David Ballard President | Trustee | 2.5 | $0 |
David Carpenter Board Member | Trustee | 2.5 | $0 |
Jennifer Leff Lcsw Board Member | Trustee | 2.5 | $0 |
Brenda Foster Board Member | Trustee | 2.5 | $0 |
Kim Cavallo Board Member | Trustee | 2.5 | $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 | $802,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $802,272 |
| Total Program Service Revenue | $0 |
| 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 | $802,272 |
| 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. | $109,915 |
| Compensation of current officers, directors, key employees. | $49,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,838 |
| Fees for services: Accounting | $6,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,161 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $654 |
| Information technology | $8,674 |
| Royalties | $0 |
| Occupancy | $6,427 |
| Travel | $19,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248 |
| Interest | $4,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,764 |
| All other expenses | $7,369 |
| Total functional expenses | $891,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,551 |
| Total assets | $299,993 |
| Accounts payable and accrued expenses | $145,546 |
| Grants payable | $0 |
| Deferred revenue | $66,000 |
| 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 | $1 |
| Total liabilities | $211,547 |
| Net assets without donor restrictions | $0 |
| 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 | $88,446 |
| Total liabilities and net assets/fund balances | $299,993 |