Civic Intelligence

Mindful Valley

990 • Fiscal year 2016 • EIN 45-3569183

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

9320 Hartman WayWest Hills, CA 91304

(818) 453-0640

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$14,303

No earlier filing loaded for comparison.

Net Assets

-$41,100

No earlier filing loaded for comparison.

Liabilities

$55,403

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$146,468

No earlier filing loaded for comparison.

Expenses

$143,072

No earlier filing loaded for comparison.

Net Income

$3,396

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2016: $14,303Liabilities 2016: $55,403Net Assets 2016: -$41,1002016Assets 2017: $4,400Liabilities 2017: $57,107Net Assets 2017: -$52,7072017Assets 2018: $4,400Liabilities 2018: $57,915Net Assets 2018: -$53,5152018Assets 2019: $4,400Liabilities 2019: $54,024Net Assets 2019: -$49,6242019

Highlighted filing

2016

Assets$14,303
Liabilities$55,403
Net Assets-$41,100

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $146,468Expenses 2016: $143,072Net Income 2016: $3,3962016Revenue 2017: $110,018Expenses 2017: $121,625Net Income 2017: -$11,6072017Revenue 2018: $98,124Expenses 2018: $98,932Net Income 2018: -$8082018Revenue 2019: $59,699Expenses 2019: $55,808Net Income 2019: $3,8912019

Highlighted filing

2016

Revenue$146,468
Expenses$143,072
Net Income$3,396
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$146,468
Mission and Program Overview

Mission

The specific purpose of this corporation is to train individuals in mindfulness and help strengthen their inner resources of attention, compassion and wisdom in order to help relieve stress, anxiety, pain and other symptoms related to mental and physical illness and control impulsive behavior.

The specific purpose of this corporation is to establish a religious organization to promote the teachings, practice and publish materials of and concerning mindfulness meditation according to the tradition of buddhism and to furnish any service or perform any kind of work connected with this stated purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,447$9,903▲ $1,456
Investments Other Securities$4,400$4,400→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-44,496$-41,100▲ $3,396
Total Assets$12,847$14,303▲ $1,456
Liabilities
Other Liabilities$57,343$55,403▼ $1,940
Total Liabilities$57,343$55,403▼ $1,940
Net Assets / Fund Balance
Total Net Assets Fund Balance$-44,496$-41,100▲ $3,396
Total Liabilities and Net Assets / Fund Balance$12,847$14,303▲ $1,456

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$4,400--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Manijeh MotaghyPresident
Jonathan TroenVice President
Liz CarignanBoard Member
Renee GatesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$62,527
Program Service Revenue
$83,941
Investment Income
$0
Other Revenue
$0
All Other Contributions
$62,527
Change in Net Assets
$3,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,982
Salaries, Compensation, and Employee Benefits$25,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$87,796--$87,796
Fees for Services Management$28,975--$28,975
Other Salaries and Wages$23,879--$23,879
Other Employee Benefits$1,211--$1,211
Other Expenses$155--$155
Total Functional Expenses$143,072$0$0$143,072
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Instructors Payable$55,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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, Part VI, Section B, Line 11B

The form 990 was reviewed and approved by the organization's governing body before it was filed.

Form 990, Part VI, Section B, Line 12C

The board, officers and management employees have the responsibility of administering the affairs of mindful valley honestly and prudently, and of exercising their best care, skill, and judgment for the sole benefit of mindful valley. Those persons shall exercise the utmost good faith in all transactions involved in their duties, and they shall not use their positions with mindful valley or knowledge gained therefrom for their personal benefit. The interests of the organization must be the first priority in all decisions and actions.

Form 990, Part VI, Section B, Line 15

There is no compensation paid to any oard member, officer and or trustee per article 2, section 3 in the by-laws. The approval of compensation of directors, officers, and any "disqualified person" as defined in section 4958 of the internal revenue code in advance after full disclosure of the surrounding facts and approval by dininterested members of the governing board or committee and prior to entering into the compensation agreement or arrangement. Specific approval of compensation arrangements is required prior to the first payment of compensation under such arrangements per article 2, section 5 in the by-laws.

Form 990, Part VI, Section C, Line 19

The government documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mindful Valley
EIN
45-3569183
Phone
8184530640
Address
9320 HARTMAN WAY, WEST HILLS, CA 91304
Doing Business As
Perfectly Here

Signing Officer

Name
Dr Manijeh Motaghy
Title
President
Phone
8189170636
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Manijeh Motaghy
Formed
2011
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Weiss Accountancy Corporation
Address
16217 KITTRIDGE STREET, VAN NUYS, CA 91406-5815
Preparer
Scott Weiss
Phone
8189977712
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Grant writing: program service expenses 2,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,500. Instructors: program service expenses 5,987. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,987. Management fees : program service expenses 28,975. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,975. Occupancy, rent, utilities and maintenance: program service expenses 35,419. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,419. Other legal/professional: program service expenses 74. Management and general expenses 0. Fundraising expenses 0. Total expenses 74. Printing, publications, postage and shipping: program service expenses 14,841. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,841.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED AND APPROVED BY THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD, OFFICERS AND MANAGEMENT EMPLOYEES HAVE THE RESPONSIBILITY OF ADMINISTERING THE AFFAIRS OF MINDFUL VALLEY HONESTLY AND PRUDENTLY, AND OF EXERCISING THEIR BEST CARE, SKILL, AND JUDGMENT FOR THE SOLE BENEFIT OF MINDFUL VALLEY. THOSE PERSONS SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITH MINDFUL VALLEY OR KNOWLEDGE GAINED THEREFROM FOR THEIR PERSONAL BENEFIT. THE INTERESTS OF THE ORGANIZATION MUST BE THE FIRST PRIORITY IN ALL DECISIONS AND ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS NO COMPENSATION PAID TO ANY OARD MEMBER, OFFICER AND OR TRUSTEE PER ARTICLE 2, SECTION 3 IN THE BY-LAWS. THE APPROVAL OF COMPENSATION OF DIRECTORS, OFFICERS, AND ANY "DISQUALIFIED PERSON" AS DEFINED IN SECTION 4958 OF THE INTERNAL REVENUE CODE IN ADVANCE AFTER FULL DISCLOSURE OF THE SURROUNDING FACTS AND APPROVAL BY DININTERESTED MEMBERS OF THE GOVERNING BOARD OR COMMITTEE AND PRIOR TO ENTERING INTO THE COMPENSATION AGREEMENT OR ARRANGEMENT. SPECIFIC APPROVAL OF COMPENSATION ARRANGEMENTS IS REQUIRED PRIOR TO THE FIRST PAYMENT OF COMPENSATION UNDER SUCH ARRANGEMENTS PER ARTICLE 2, SECTION 5 IN THE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNMENT DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GRANT WRITING: PROGRAM SERVICE EXPENSES 2,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,500. INSTRUCTORS: PROGRAM SERVICE EXPENSES 5,987. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,987. MANAGEMENT FEES : PROGRAM SERVICE EXPENSES 28,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,975. OCCUPANCY, RENT, UTILITIES AND MAINTENANCE: PROGRAM SERVICE EXPENSES 35,419. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,419. OTHER LEGAL/PROFESSIONAL: PROGRAM SERVICE EXPENSES 74. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74. PRINTING, PUBLICATIONS, POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 14,841. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,841.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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ReturnHeader/Filer/BusinessNameControlTxt0MIND
ReturnHeader/Filer/EIN0453569183
ReturnHeader/Filer/PhoneNum08184530640
ReturnHeader/Filer/USAddress/AddressLine1Txt09320 HARTMAN WAY
ReturnHeader/Filer/USAddress/CityNm0WEST HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091304
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05FB170E9BE5AEBF16246E08F6191B17790E5CC2F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId060238881EB283575EDFD9C89914BDFC2E02C0899
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.36.210.66
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm011:34:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953269459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEISS ACCOUNTANCY CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016217 KITTRIDGE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VAN NUYS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0914065815
ReturnHeader/PreparerPersonGrp/PhoneNum08189977712
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT WEISS
ReturnHeader/ReturnTs02017-11-15T14:08:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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