Silent Mind Foundation
- Assets
- $47.1k
- Revenue
- $2.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Twinsburg, OH
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 84-2290587
Organization Overview
Silent Mind Foundation is located in Twinsburg, OH. The organization was established in 2019. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silent Mind Foundation 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, Silent Mind Foundation generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (53.0%) each year. All expenses for the organization totaled $6.8k 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 THE SILENT MIND IS TO SEEK OUT CHILDREN AND ADULTS INTRODUCING THEM TO THE LIFE-CHANGING BENEFITS OF MARTIAL ART TRAINING. WE SERVE THE COMMUNITY THROUGH IN-STUDIO CLASSES AND COMMUNITY OUTREACH ACTIVITIES. AS A NON-PROFIT, WE OFFER OUR CLASSES TO ALL WHO ARE DEDICATED TO LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
FUNDRAISERS/DONATIONS
STUDENT TUITION
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PDF Copies of 990 Filings
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,464 |
| 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 | $2,464 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,818 |
| Advertising and promotion | $116 |
| Office expenses | $1,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,514 |
| Insurance | $450 |
| All other expenses | $0 |
| Total functional expenses | $6,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,597 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,039 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,064 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $47,064 |
| 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 | $47,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Institute For Fitness And Sport Inc Indianapolis, IN | $3,388,339 | $6,121,753 |
Oglebay Foundation Inc Wheeling, WV | $18,691,463 | $4,251,520 |
Xavier University Student Health And Wellness Center Corporation Cincinnati, OH | $53,300,467 | $0 |
George Young Recreational Complex Iron River, MI | $99,714 | $1,357,236 |
World Baseball Academy Inc Fort Wayne, IN | $7,537,804 | $1,941,151 |
Michigan Recreation And Park Association Lansing, MI | $320,519 | $1,715,887 |
Cardinal Greenway Inc Muncie, IN | $15,294,218 | $884,519 |
Pennsylvania Recreation And Park Society State College, PA | $2,424,947 | $1,608,707 |
Reading Recreation Commission Reading, PA | $1,028,310 | $1,418,175 |
Evansville-Vanderburgh County Convention And Visitors Comm Sport Evansville, IN | $2,161,496 | $1,055,780 |
S N P J Recreation Center Enon Valley, PA | $64,579 | $925,919 |
Richland Carrousel Park Inc Mansfield, OH | $710,607 | $1,060,623 |