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Nonprofiteer
← HEARTS & MINDS ACTIVITY CENTER

Form 990 for tax year 2023

Filed by HEARTS & MINDS ACTIVITY CENTER.

Totals

Total revenue
$3,402,001
Total expenses
$3,220,214
Contributions and grants received
$1,461,354
Grants paid
$0
Program service revenue
$1,856,547
Investment income
$79,909
Other revenue
$4,191
Total assets, end of year
$5,165,602
Total liabilities, end of year
$189,716
Net assets or fund balances, end of year
$4,975,886
Program services expenses (Part IX)
$2,860,164
Management and general expenses
$238,304
Fundraising expenses
$121,746
Program service expenses (Part III)
$2,860,164

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $215,905

  • 1e · Government grants (contributions)

    $668,345

  • 1f · All other contributions, gifts and grants

    $577,104

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $1,856,547 · related or exempt $1,856,547

  • 3 · Investment income

    total $79,909 · excluded $79,909

  • 6a · Gross rents

    real property $1,075

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,075

  • 6d · Net rental income or loss

    total $1,075 · excluded $1,075

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $215,905

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $3,116 · related or exempt $3,116

  • 11e · Other revenue, total

    $3,116

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,741,372 · program services $1,580,171 · management and general $112,267 · fundraising $48,934

  • 9 · Other employee benefits

    total $254,930 · program services $220,494 · management and general $29,895 · fundraising $4,541

  • 10 · Payroll taxes

    total $147,835 · program services $136,040 · management and general $8,533 · fundraising $3,262

  • 11g · Fees: other

    total $217,671 · program services $158,837 · management and general $40,010 · fundraising $18,824

  • 12 · Advertising and promotion

    total $14,019 · program services $13,967 · management and general $7 · fundraising $45

  • 16 · Occupancy

    total $400,110 · program services $393,276 · management and general $4,814 · fundraising $2,020

  • 17 · Travel

    total $4,650 · program services $4,225 · management and general $236 · fundraising $189

  • 22 · Depreciation, depletion and amortization

    total $97,223 · program services $90,320 · management and general $6,903

  • 23 · Insurance

    total $23,709 · program services $21,095 · management and general $1,911 · fundraising $703

  • 24a · Other expenses: FOOD

    total $167,117 · program services $134,369 · management and general $0 · fundraising $32,748

  • 24b · Other expenses: SUPPLIES

    total $34,481 · program services $33,755 · management and general $429 · fundraising $297

  • 24c · Other expenses: BANK & CREDIT CARD FEES

    total $31,287 · program services $0 · management and general $27,175 · fundraising $4,112

  • 24d · Other expenses: MEMBERSHIP DUES

    total $29,228 · program services $19,651 · management and general $4,380 · fundraising $5,197

  • 24e · All other expenses

    total $56,582 · program services $53,964 · management and general $1,744 · fundraising $874

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $541,639 · end of year $508,185

  • 3 · Pledges and grants receivable

    beginning of year $109,382 · end of year $73,885

  • 4 · Accounts receivable

    beginning of year $43,049 · end of year $43,624

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,150 · end of year $9,338

  • 10a · Land, buildings and equipment: cost or other basis

    $3,862,451

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,333,459

  • 10c · Land, buildings and equipment, net

    beginning of year $1,522,048 · end of year $1,528,992

  • 11 · Investments: publicly traded securities

    beginning of year $2,546,812 · end of year $3,001,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,227 · end of year $181,328

  • 19 · Deferred revenue

    beginning of year $75,814 · end of year $8,388

  • 27 · Net assets without donor restrictions

    beginning of year $4,493,802 · end of year $4,942,258

  • 28 · Net assets with donor restrictions

    beginning of year $31,237 · end of year $33,628

Mission and programs · 2023

Mission

TO ENRICH THE LIVES OF PEOPLE AFFECTED BY ALZHEIMER'S AND RELATED CONDITIONS BY PROVIDING SAFE, NURTURING, INTERGENERATIONAL SERVICES AND SUPPORT.

  • ADULT DAY CARE PROVIDES A THERAPEUTIC ACTIVITY PROGRAM AND SOCIALIZATION TO INDIVIDUALS WITH ALZHEIMER'S DISEASE AND RELATED MEMORY LOSS. THE SERVICES INCLUDE:* ASSISTANCE WITH ACTIVITIES OF DAILY LIVING* RESPITE FOR CAREGIVERS* HEALTH MONITORING* SUPPORT SERVICES AND EDUCATION* NUTRITIONAL MONITORINGINTERGENERATIONAL PROGRAMMING BRINGS TOGETHER YOUNG CHILDREN AND INDIVIDUALS WITH ALZHEIMER'S DISEASE FOR A THERAPEUTIC, STIMULATING, AND BENEFICIAL ENVIRONMENT FOR BOTH. 121 CLIENTS WERE SERVED DURING THE YEAR.

    Expenses $2,860,164 · Revenue $1,859,663

  • CHILD CARE ACCEPTS CHILDREN FROM TWO TO ENTRY FIRST GRADE, AND TAKES A CHILD-CENTERED APPROACH TO LEARNING. INTERGENERATIONAL PROGRAMMING BRINGS TOGETHER YOUNG CHILDREN AND INDIVIDUALS WITH ALZHEIMER'S DISEASE, PROVIDING A THERAPEUTIC AND STIMULATING ENVIRONMENT THAT IS BENEFICIAL FOR BOTH. 32 CLIENTS WERE SERVIED DURING THE YEAR.

As filed on the 2023 return.

Listed in Part VII

  • Kevin Cuccias

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Henry Castaniada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Greg Price

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James Ward

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Pam Lonero

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Qing Ken Wang

    COFOUNDER & CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Ajunwa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Vikas Duvvuri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jess Guy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Diana Hwang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Ottoboni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maria Nicolacoudis

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $217,004
    From this org
    $217,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,004
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $217,004

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349314615

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