Modern Minds
- Assets
- $1.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2021
- EIN
- 84-3549226
Organization Overview
Modern Minds is located in Charleston, SC. Modern Minds 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 12/2021, Modern Minds generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
MODERN MINDS IS A MENTAL HEALTH AND WELLBEING PRACTICE PRIORITIZING THERAPY AND WHOLE-PERSON HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERAPY AND WELLNESS NAVIGATION: MODERN MINDS PROVIDES WORKING-AGE ADULTS WITH WEEKLY THERAPY SESSIONS AND WELLNESS NAVIGATION THAT MAY INCLUDE A VARIETY OF OTHER INTEGRATIVE SERVICES, INCLUDING MEDICATION MANAGEMENT, NUTRITIONAL COUNSELING, FITNESS PLANS, AND MINDFULNESS CLASSES. IN 2021, MODERN MINDS SERVED A TOTAL OF 360 CLIENTS THROUGH ITS INDIVIDUAL AND GROUP THERAPY PROGRAMS.MODERN MINDS OFFERS REDUCED RATES TO QUALIFYING CLIENTS BASED ON OBJECTIVE NEED CRITERIA. IN 2021, APPROXIMATELY 17% OF SERVICES WERE PROVIDED ON A SLIDING FEE SCALE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Anne Marie Albano Exec. Director/president | OfficerTrustee | 1 | $0 |
Benjamin Navarro Chairperson | OfficerTrustee | 1 | $0 |
Dr David Cole Vice-Chairperson | OfficerTrustee | 1 | $0 |
Caroline Brown Secretary | Officer | 1 | $0 |
Abby Knab Treasurer | Officer | 1 | $0 |
Dr Patrick Cawley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Musc Strategic Ventures Employee Leasing | 12/30/21 | $1,049,117 |
Columbia University Consulting Services | 12/30/21 | $250,000 |
John Michael Sheehan Consulting Services | 12/30/21 | $160,000 |
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 | $2,836,000 |
| Noncash contributions included in lines 1a–1f | $936,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,836,000 |
| Total Program Service Revenue | $327,519 |
| 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 | $3,163,519 |
| 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 | $52,522 |
| Fees for services: Accounting | $26,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,583,393 |
| Advertising and promotion | $66,668 |
| Office expenses | $39,759 |
| Information technology | $106,043 |
| Royalties | $0 |
| Occupancy | $194,662 |
| Travel | $25,501 |
| 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 | $71,954 |
| Insurance | $5,371 |
| All other expenses | $0 |
| Total functional expenses | $2,191,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,610 |
| 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 | $31,278 |
| Net Land, buildings, and equipment | $638,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $827,063 |
| Other assets | $5,500 |
| Total assets | $1,923,138 |
| Accounts payable and accrued expenses | $49,330 |
| 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 | $49,330 |
| 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 | $1,873,808 |
| Total liabilities and net assets/fund balances | $1,923,138 |
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