Modern Minds
- Assets
- $2.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2022
- EIN
- 84-3549226
Organization Overview
Modern Minds is located in Charleston, SC. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Modern Minds employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Modern Minds generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $4.4m 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
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 CLINIC: 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 PSYCHO-EDUCATIONAL CLASSES AND SEMINARS. IN 2022, MODERN MINDS SERVED A TOTAL OF 402 CLIENTS THROUGH ITS INDIVIDUAL AND GROUP THERAPY PROGRAMS.MODERN MINDS OFFERS REDUCED RATES TO QUALIFYING CLIENTS BASED ON OBJECTIVE NEED CRITERIA. IN 2022, APPROXIMATELY 18.5% OF SERVICES WERE PROVIDED ON A SLIDING FEE SCALE.
HEALTH AND WELLNESS CENTER: AS AN EXTENSION OF THE CLINIC, MODERN MINDS OPERATES A WELLNESS CENTER (JOURNEY WELLNESS LLC, DBA SYNCHRONICITY) FOR THE PURPOSE OF PROVIDING CLIENTS AND MEMBERS WITH ACCESS TO MENTAL HEALTH AND WELLNESS PRACTICES RECOMMENDED BY MENTAL HEALTH AND WELLNESS PROFESSIONALS. THE WELLNESS CENTER PROVIDES AMENITIES KNOWN TO BENEFIT PHYSICAL AND MENTAL HEALTH, MOVEMENT CLASSES, STRESS MANAGEMENT AND WELLNESS WORKSHOPS, AND NUTRITION CONSULTATION, AMONG OTHER SERVICES. MENTAL HEALTH AND WELLNESS PROFESSIONALS GUIDE THE OPERATION OF THE CENTER AND PROVIDE CLASSES AND TRAINING. THE WELLNESS CENTER OFFERS MONTHLY MEMBERSHIPS AT SEVERAL DIFFERENT LEVELS, WITH MONTHLY FEES LOW ENOUGH SO THAT A SIGNIFICANT SEGMENT OF THE COMMUNITY CAN AFFORD TO PARTICIPATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Anne Marie Albano Exec. Dir./pres. (part-Year) | OfficerTrustee | 1 | $0 |
Benjamin Navarro Chairperson | OfficerTrustee | 1 | $0 |
Dr David Cole Vice-Chairperson | OfficerTrustee | 1 | $0 |
Dr Patrick Cawley Director | Trustee | 1 | $0 |
Brian Durbin Director/dir. Of Prog. Sync | Trustee | 40 | $160,458 |
Ford Perry Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Musc Strategic Ventures Employee Leasing | 12/30/22 | $2,403,202 |
Kyricos & Associates Consulting Services | 12/30/22 | $240,400 |
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 | $3,470,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,470,250 |
| Total Program Service Revenue | $610,802 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $585 |
| 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 | -$1,267 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,080,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $200,462 |
| Compensation of current officers, directors, key employees. | $30,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,408 |
| Pension plan accruals and contributions | $8,878 |
| Other employee benefits | $20,862 |
| Payroll taxes | $34,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,080 |
| Fees for services: Accounting | $28,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,706,205 |
| Advertising and promotion | $126,222 |
| Office expenses | $52,635 |
| Information technology | $202,487 |
| Royalties | $0 |
| Occupancy | $296,532 |
| Travel | $8,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,001 |
| Insurance | $22,739 |
| All other expenses | $0 |
| Total functional expenses | $4,352,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,259 |
| 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 | $33,715 |
| Net Land, buildings, and equipment | $632,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $744,261 |
| Other assets | $0 |
| Total assets | $2,075,556 |
| Accounts payable and accrued expenses | $474,068 |
| 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 | $474,068 |
| 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 | $1,601,488 |
| Total liabilities and net assets/fund balances | $2,075,556 |