Civic Intelligence

Inward Bound Mindfulness Education Inc.

990 • Fiscal year 2018 • EIN 27-3029390

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 17, 2019

PO Box 516Concord, MA 01742

(978) 254-7082

Siviq Scores

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

Liabilities / Assets

68th percentile

0.25x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$470,205

Down $192,578 (-29%) from 2017

Net Assets

Down

$350,731

Down $209,801 (-37%) from 2017

Liabilities

Up

$119,474

Up $17,223 (+17%) from 2017

Revenue

Down

$1,089,103

Down $334,842 (-24%) from 2017

Expenses

Up

$1,298,904

Up $91,607 (+7.6%) from 2017

Net Income

Down

-$209,801

Down $426,449 (-197%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $114,534Liabilities 2012: $125,635Net Assets 2012: -$11,1012012Assets 2013: $79,660Liabilities 2013: $44,123Net Assets 2013: $35,5372013Assets 2014: $316,726Liabilities 2014: $63,047Net Assets 2014: $253,6792014Assets 2015: $423,155Liabilities 2015: $80,983Net Assets 2015: $342,1722015Assets 2016: $404,125Liabilities 2016: $60,240Net Assets 2016: $343,8852016Assets 2017: $662,783Liabilities 2017: $102,251Net Assets 2017: $560,5322017Assets 2018: $470,205Liabilities 2018: $119,474Net Assets 2018: $350,7312018Assets 2020: $613,541Liabilities 2020: $137,606Net Assets 2020: $475,9352020Assets 2021: $845,042Liabilities 2021: $168,682Net Assets 2021: $676,3602021Assets 2022: $374,923Liabilities 2022: $78,011Net Assets 2022: $296,9122022Assets 2023: $417,956Liabilities 2023: $170,749Net Assets 2023: $247,2072023Assets 2024: $328,495Liabilities 2024: $143,946Net Assets 2024: $184,5492024

Highlighted filing

2018

Assets$470,205
Liabilities$119,474
Net Assets$350,731

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $341,8122012Revenue 2013: $646,233Expenses 2013: $599,570Net Income 2013: $46,6632013Revenue 2014: $842,760Expenses 2014: $639,204Net Income 2014: $203,5562014Revenue 2015: $1,169,287Expenses 2015: $1,080,794Net Income 2015: $88,4932015Revenue 2016: $1,011,200Expenses 2016: $1,009,486Net Income 2016: $1,7142016Revenue 2017: $1,423,945Expenses 2017: $1,207,297Net Income 2017: $216,6482017Revenue 2018: $1,089,103Expenses 2018: $1,298,904Net Income 2018: -$209,8012018Revenue 2020: $1,582,875Expenses 2020: $1,236,851Net Income 2020: $346,0242020Revenue 2021: $1,326,563Expenses 2021: $1,126,138Net Income 2021: $200,4252021Revenue 2022: $1,032,538Expenses 2022: $1,411,986Net Income 2022: -$379,4482022Revenue 2023: $1,501,054Expenses 2023: $1,550,759Net Income 2023: -$49,7052023Revenue 2024: $953,908Expenses 2024: $1,016,566Net Income 2024: -$62,6582024

Highlighted filing

2018

Revenue$1,089,103
Expenses$1,298,904
Net Income-$209,801
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 17, 2019
Return Version
2018v3.1
Gross Receipts
$1,089,103
Mission and Program Overview

Mission

To improve the lives of teens through mindfulness programming

Offer in-depth mindfulness programming for youth and the parents and professionals who support them. Our programming guides teens and young adults in developing self-awareness, compassion, and ethical decision making, and empowers them to apply these skills in improving their lives and communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$516,677$369,973▼ $146,704
Pledges and Grants Receivable$90,000$70,554▼ $19,446
Prepaid Expenses and Deferred Charges$24,156$27,362▲ $3,206
Accounts Receivable$29,704$361▼ $29,343
Land, Buildings, and Equipment, Net$596$305▼ $291
Total Assets$662,783$470,205▼ $192,578
Other Assets Total$1,650$1,650→ $0
Liabilities
Accounts Payable and Accrued Expenses$79,244$116,874▲ $37,630
Deferred Revenue$23,007$2,600▼ $20,407
Total Liabilities$102,251$119,474▲ $17,223
Net Assets / Fund Balance
Unrestricted Net Assets$392,519$281,341▼ $111,178
Temporarily Rstr Net Assets$168,013$69,390▼ $98,623
Total Net Assets Fund Balance$560,532$350,731▼ $209,801
Total Liabilities and Net Assets / Fund Balance$662,783$470,205▼ $192,578

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$305$4,526$4,831
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$533,327
Program Service Revenue
$555,776
Investment Income
$0
Other Revenue
$0
All Other Contributions
$533,327
Change in Net Assets
$-209,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,089,103
Total Revenue per Audited Statements
$1,089,103
Total Revenue per Form 990
$1,089,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$876,006
Salaries, Compensation, and Employee Benefits$422,898
Total Fundraising Expense$121,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$259,071$37,651$67,586$364,308
Advertising$117,509$63$338$117,910
Fees for Services Other$36,403$17,539$15,032$68,974
Fees for Services Accounting-$38,068-$38,068
Other Employee Benefits$21,075$2,779$5,639$29,493
Payroll Taxes$21,075$2,383$5,639$29,097
Occupancy$19,705$2,721$5,521$27,947
Office Expenses$15,619$1,783$4,609$22,011
Travel$3,204$7,657$5,736$16,597
Insurance$10,466$3,024$2,800$16,290
Information Technology$4,285$565$1,181$6,031
Depreciation Depletion-$290-$290
Other Expenses$5,866$271$4,653$271
Interest$133$18$36$187
Total Functional Expenses$1,054,494$122,428$121,982$1,298,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,298,904
Total Expenses per Audited Statements$1,298,904
Total Expenses per Form 990$1,298,904
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Doug WorthenSpouse/employeeTeaching StipendNo$20,750
Charisse SpencerDirectorTeaching StipendNo$17,044
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board members provided draft copy for review and comment before form 990 filed with irs

Form 990, Page 6, Part VI, Line 15A

Executive director and other key employees compensation is reviewed and determined annually by the board of directors based on comparability data. The salary and review thereof is documented in the board meeting minutes.

Form 990, Page 6, Part VI, Line 15B

Executive director and other key employees compensation is reviewed and determined annually by the board of directors based on comparability data. The salary and review thereof is documented in the board meeting minutes.

Form 990, Page 6, Part VI, Line 19

Form 990 available online at guidestar website and mass. Attorney general website

Filing and Contact Details

Filer

Filer Name
Inward Bound Mindfulness
EIN
27-3029390
Address
PO BOX 516, CONCORD, MA 01742

Signing Officer

Name
Jessica Morey
Title
Executive Director
Phone
2026704263
Signed
2019-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jake Davis
Formed
2010
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
8

Preparer

Firm
Richard Abbott CPA
Address
163 NORTHAMPTON STREET STE B, EASTHAMPTON, MA 01027
Preparer
Richard Abbott
Phone
4135299697
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02383
IRS990/PayrollTaxesGrp/ProgramServicesAmt021075
IRS990/PayrollTaxesGrp/TotalAmt029097
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt090000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt070554
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027362
IRS990/PrincipalOfficerNm0JAKE DAVIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RETREAT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0549499
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0549499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16277
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0902438
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0715831
IRS990/PYProgramServiceRevenueAmt0521507
IRS990/PYRevenuesLessExpensesAmt0216648
IRS990/PYSalariesCompEmpBnftPaidAmt0491466
IRS990/PYTotalExpensesAmt01207297
IRS990/PYTotalRevenueAmt01423945
IRS990/ReconcilationRevenueExpnssAmt0-209801
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0555776
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt056704
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt084473
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt030000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt061000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0135801
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0367978
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0533327
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0902438
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0636469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0587634
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0533271
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03193139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0555776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0521507
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0374731
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0314301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0309489
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02075804
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.57490
IRS990ScheduleA/PublicSupportPY509Pct00.55890
IRS990ScheduleA/PublicSupportTotal509Amt03029022
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0302373
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0668852
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0470596
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0432867
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0365233
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02239921
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0245669
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0584379
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0440596
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0371867
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0229432
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01871943
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01089103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01423945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01011200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0901935
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0842760
IRS990ScheduleA/Total509Grp/TotalAmt05268943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01089103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01423945
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01011200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0901935
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0842760
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05268943
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0305
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04526
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04831
IRS990ScheduleD/ExpensesSubtotalAmt01298904
IRS990ScheduleD/RevenueSubtotalAmt01089103
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0305
IRS990ScheduleD/TotalExpensesPerForm990Amt01298904
IRS990ScheduleD/TotalRevenuePerForm990Amt01089103
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01089103
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01298904
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CHARISSE SPENCER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1DOUG WORTHEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SPOUSE/EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt017044
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt120750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TEACHING STIPEND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1TEACHING STIPEND
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS PROVIDED DRAFT COPY FOR REVIEW AND COMMENT BEFORE FORM 990 FILED WITH IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES COMPENSATION IS REVIEWED AND DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS BASED ON COMPARABILITY DATA. THE SALARY AND REVIEW THEREOF IS DOCUMENTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES COMPENSATION IS REVIEWED AND DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS BASED ON COMPARABILITY DATA. THE SALARY AND REVIEW THEREOF IS DOCUMENTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 AVAILABLE ONLINE AT GUIDESTAR WEBSITE AND MASS. ATTORNEY GENERAL WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0168013
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt069390
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0662783
IRS990/TotalAssetsEOYAmt0470205
IRS990/TotalAssetsGrp/BOYAmt0662783
IRS990/TotalAssetsGrp/EOYAmt0470205
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0533327
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0121982
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122428
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01054494
IRS990/TotalFunctionalExpensesGrp/TotalAmt01298904
IRS990/TotalGrossUBIAmt00

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