Civic Intelligence

Quietmind Foundation

990 • Fiscal year 2018 • EIN 23-3054677

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

140 Yorktown PlazaElkins Park, PA 19027

(610) 940-0488

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.61x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • NTEE E • <$500k nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.08x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • NTEE E • <$500k nonprofits • Source year 2018

Net Margin

23rd percentile

-18%

Higher net margin than 23% of similar nonprofits.

2018 filings • NTEE E • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$112,792

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 33.9% of source-year revenue.

2018 filings • NTEE E • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-45%

Faster asset growth than 9% of similar nonprofits.

2018 filings • NTEE E • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

59%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • NTEE E • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$44,243

Down $36,561 (-45%) from 2017

Net Assets

Down

$17,225

Down $59,955 (-78%) from 2017

Liabilities

Up

$27,018

Up $23,394 (+646%) from 2017

Revenue

Up

$333,206

Up $123,175 (+59%) from 2017

Expenses

Up

$393,161

Up $184,947 (+89%) from 2017

Net Income

Down

-$59,955

Down $61,772 (-3400%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $67,540Liabilities 2010: $935Net Assets 2010: $66,6052010Assets 2011: $28,462Liabilities 2011: $935Net Assets 2011: $27,5272011Assets 2012: $22,532Liabilities 2012: $2,504Net Assets 2012: $20,0282012Assets 2013: $10,320Liabilities 2013: $2,899Net Assets 2013: $7,4212013Assets 2014: $10,969Liabilities 2014: $3,065Net Assets 2014: $7,9042014Assets 2015: $79,836Liabilities 2015: $3,065Net Assets 2015: $76,7712015Assets 2016: $79,137Liabilities 2016: $3,688Net Assets 2016: $75,4492016Assets 2017: $80,804Liabilities 2017: $3,624Net Assets 2017: $77,1802017Assets 2018: $44,243Liabilities 2018: $27,018Net Assets 2018: $17,2252018Assets 2019: $81,394Liabilities 2019: $2,607Net Assets 2019: $78,7872019Assets 2020: $122,877Liabilities 2020: $3,081Net Assets 2020: $119,7962020Assets 2021: $230,895Liabilities 2021: $90,733Net Assets 2021: $140,1622021Assets 2022: $150,129Liabilities 2022: $2,526Net Assets 2022: $100,1862022Assets 2023: $47,165Liabilities 2023: $4,847Net Assets 2023: $39,9022023Assets 2024: $82,822Liabilities 2024: $7,610Net Assets 2024: $75,2122024

Highlighted filing

2018

Assets$44,243
Liabilities$27,018
Net Assets$17,225

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $102,089Expenses 2010: $134,462Net Income 2010: -$32,3732010Revenue 2011: $77,775Expenses 2011: $116,853Net Income 2011: -$39,0782011Revenue 2012: $112,317Expenses 2012: $119,816Net Income 2012: -$7,4992012Revenue 2013: $89,805Expenses 2013: $102,411Net Income 2013: -$12,6062013Revenue 2014: $69,282Expenses 2014: $68,799Net Income 2014: $4832014Revenue 2015: $153,237Expenses 2015: $139,148Net Income 2015: $14,0892015Revenue 2016: $178,270Expenses 2016: $184,868Net Income 2016: -$6,5982016Revenue 2017: $210,031Expenses 2017: $208,214Net Income 2017: $1,8172017Revenue 2018: $333,206Expenses 2018: $393,161Net Income 2018: -$59,9552018Revenue 2019: $396,799Expenses 2019: $335,076Net Income 2019: $61,7232019Revenue 2020: $308,394Expenses 2020: $313,522Net Income 2020: -$5,1282020Revenue 2021: $436,878Expenses 2021: $415,668Net Income 2021: $21,2102021Revenue 2022: $150,604Expenses 2022: $190,580Net Income 2022: -$39,9762022Revenue 2023: $119,703Expenses 2023: $179,987Net Income 2023: -$60,2842023Revenue 2024: $464,512Expenses 2024: $411,288Net Income 2024: $53,2242024

Highlighted filing

2018

Revenue$333,206
Expenses$393,161
Net Income-$59,955
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$333,206
Mission and Program Overview

Mission

Medical research & clinical trials

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,150$28,461▼ $36,689
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$80,804$44,243▼ $36,561
Other Assets Total$15,654$15,782▲ $128
Liabilities
Other Liabilities$3,624$27,018▲ $23,394
Total Liabilities$3,624$27,018▲ $23,394
Net Assets / Fund Balance
Unrestricted Net Assets$77,180$17,225▼ $59,955
Total Net Assets Fund Balance$77,180$17,225▼ $59,955
Total Liabilities and Net Assets / Fund Balance$80,804$44,243▼ $36,561

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$15,782--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marvin BermanPresidentPT$112,792$112,792
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$333,206
Change in Net Assets
$-59,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,369
Salaries, Compensation, and Employee Benefits$112,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$112,792--$112,792
Occupancy$28,029--$28,029
Other Expenses$15,000--$15,000
All Other Expenses$8,324$4,437-$12,761
Conferences and Meetings$3,847--$3,847
Total Functional Expenses$388,724$4,437$0$393,161
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Bal$23,201
Credit Card Liabilities$3,817
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Quietmind Foundation
EIN
23-3054677
Phone
6109400488
Address
140 YORKTOWN PLAZA, ELKINS PARK, PA 19027

Signing Officer

Name
Marvin Berman
Title
President
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Berman
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Sd Associates Pc
Address
300 Yorktown Plaza, Elkins Park, PA 19027
Preparer
Howard M Siegal CPA
Phone
2155175600
Supplemental Narrative

Additional Explanations

Other Expenses

TEST 100

Raw XML Appendix332 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BusinessOfficerGrp/PersonNm0MARVIN BERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QUIETMIND FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0QUIE
ReturnHeader/Filer/EIN0233054677
ReturnHeader/Filer/PhoneNum06109400488
ReturnHeader/Filer/USAddress/AddressLine1Txt0140 YORKTOWN PLAZA
ReturnHeader/Filer/USAddress/CityNm0ELKINS PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019027
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232585468
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SD ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 Yorktown Plaza
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elkins Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019027
ReturnHeader/PreparerPersonGrp/PhoneNum02155175600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD M SIEGAL CPA
ReturnHeader/ReturnTs02019-11-15T08:18:13-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.83$0.08$0.75$4.65$4.11$0.53
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.05$0.40$1.20$1.80$0.60
2022Detailed filing. Detailed filing data is available for this year.$1.50$0.03$1.00$1.51$1.91$0.40
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.91$1.40$4.37$4.16$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.20$3.08$3.14$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.81$0.03$0.79$3.97$3.35$0.62
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.27$0.17$3.33$3.93$0.60
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.04$0.77$2.10$2.08$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$1.78$1.85$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.80$0.03$0.77$1.53$1.39$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.03$0.08$0.69$0.69$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.03$0.07$0.90$1.02$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.03$0.20$1.12$1.20$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.28$0.78$1.17$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.67$1.02$1.34$0.32