Form 990 for tax year 2023
Filed by PROJECT HEALTHY MINDS CORPORATION.
Totals
- Total revenue
- $2,612,624
- Total expenses
- $1,458,522
- Contributions and grants received
- $2,366,682
- Grants paid
- $0
- Program service revenue
- $35,689
- Investment income
- $0
- Other revenue
- $210,253
- Total assets, end of year
- $4,272,350
- Total liabilities, end of year
- $7,508
- Net assets or fund balances, end of year
- $4,264,842
- Program services expenses (Part IX)
- $685,670
- Management and general expenses
- $322,969
- Fundraising expenses
- $449,883
- Program service expenses (Part III)
- $685,670
Program services were 47.0% 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.
-
1f · All other contributions, gifts and grants
$2,366,682
-
1g · Noncash contributions included above
$62,336
-
2a · Program service revenue: TRAINING SESSIONS
total $35,689 · related or exempt $35,689
-
8a · Fundraising events: gross income
$1,443,076
-
8b · Fundraising events: direct expenses
$1,232,823
-
8c · Net income from fundraising events
total $210,253 · excluded $210,253
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $265,030 · program services $150,137 · management and general $47,367 · fundraising $67,526
-
7 · Other salaries and wages
total $308,980 · program services $175,034 · management and general $55,222 · fundraising $78,724
-
9 · Other employee benefits
total $813 · program services $460 · management and general $145 · fundraising $208
-
10 · Payroll taxes
total $39,734 · program services $22,509 · management and general $7,101 · fundraising $10,124
-
11c · Fees: accounting
total $40,290 · management and general $40,290
-
11e · Fees: professional fundraising services
total $172,500 · fundraising $172,500
-
11g · Fees: other
total $345,416 · program services $270,466 · fundraising $74,950
-
12 · Advertising and promotion
total $67,064 · program services $67,064
-
13 · Office expenses
total $74,919 · management and general $29,495 · fundraising $45,424
-
14 · Information technology
total $68,593 · management and general $68,593
-
23 · Insurance
total $15,528 · management and general $15,528
-
24a · Other expenses: CHARITABLE FILING FEE
total $37,153 · management and general $37,153
-
24b · Other expenses: BANKING AND MERCHANT FE
total $19,979 · management and general $19,979
-
24c · Other expenses: OUTSIDE SERVICES
total $2,523 · management and general $2,096 · fundraising $427
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,989,957 · end of year $3,550,368
-
4 · Accounts receivable
beginning of year $58,019 · end of year $622,325
-
9 · Prepaid expenses and deferred charges
beginning of year $13,767 · end of year $4,958
-
10a · Land, buildings and equipment: cost or other basis
$378,800
-
10b · Land, buildings and equipment: accumulated depreciation
$284,101
-
10c · Land, buildings and equipment, net
beginning of year $220,966 · end of year $94,699
-
17 · Accounts payable and accrued expenses
beginning of year $4,815 · end of year $7,508
-
27 · Net assets without donor restrictions
beginning of year $1,630,611 · end of year $2,176,234
-
28 · Net assets with donor restrictions
beginning of year $1,647,283 · end of year $2,088,608
Mission and programs · 2023
Mission
PROJECT HEALTHY MINDS IS A NEW MILLENNIAL /GEN Z-DRIVEN NON-PROFIT STARTUP FOCUSED ON TACKLING ONE OF THE DEFINING ISSUES OF OUR GENERATION: THE GROWING MENTAL HEALTH CRISIS
Activities or mission (Part I)
NON-PROFIT FOCUSED ON CLOSING THE MENTAL HEALTH TREATMENT GAP.
-
PROJECT HEALTHY MINDS HAS ACCOMPLISHED MANY THINGS DURING THE COURSE OF 2023. SOME OF THE HIGHLIGHTS ARE AS FOLLOWS:1. WE CONTINUED TO SERVE THOUSANDS OF AMERICANS THROUGH OUR DIGITAL PLATFORM BY CONNECTING THEM TO LIFE-SAVING MENTAL HEALTH SERVICES.2. WE SCALED OUR SIGNATURE ANTI-STIGMA/ADVOCACY PROGRAM - PRODUCING THE LARGEST FESTIVAL IN THE WORLD FOR WORLD MENTAL HEALTH DAY FEATURING THE SURGEON GENERAL, PRINCE HARRY, MEGHAN MARKLE, AND OTHERS3. WE GREW OUR CORPORATE ADVOCACY PROGRAM - WORKING WITH COMPANIES TO LAUNCH NEW PROGRAMS TO IMPROVE WORKFORCE MENTAL HEALTH
Expenses $685,670 · Revenue $35,689
As filed on the 2023 return.
Listed in Part VII
-
Aaron DworkinAARON DWORKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andy SekelANDY SEKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian OffuttBRIAN OFFUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carson DalyCARSON DALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris ZarouCHRIS ZAROU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Barry Herman Term End 121DR BARRY HERMAN TERM END 121
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Suku NagendranDR SUKU NAGENDRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jacqui CanneyJACQUI CANNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa LichtLISA LICHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Stone PritzkerLISA STONE PRITZKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael KassanMICHAEL KASSAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sally YatesSALLY YATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stan GalanskiSTAN GALANSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tera HanksTERA HANKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Phillip SchermerPHILLIP SCHERMER
PRESIDENT & CEO
- Total calculated
- $265,031
- From this org
- $257,924
- From related orgs
- $0
- Other
- $7,107
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $257,924
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,107
- Filer's total
- $265,031
-
Bill KolbBILL KOLB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kalen JacksonKALEN JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff YabukiJEFF YABUKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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 · Compensation committee
- 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
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433189349302418
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