Civic Intelligence

Mindful Valley

990 • Fiscal year 2018 • EIN 45-3569183

Jan 01, 2018 to Dec 31, 2018 • Filed on May 18, 2020

6914 Canbury Ave No 103Reseda, CA 91335

(818) 453-0640

Siviq Scores

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

Liabilities / Assets

99th percentile

13.16x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

0.59x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

39th percentile

-0.8%

Higher net margin than 39% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

47th percentile

0.0%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Flat

$4,400

Flat from 2017

Net Assets

Down

-$53,515

Down $808 (-1.5%) from 2017

Liabilities

Up

$57,915

Up $808 (+1.4%) from 2017

Revenue

Down

$98,124

Down $11,894 (-11%) from 2017

Expenses

Down

$98,932

Down $22,693 (-19%) from 2017

Net Income

Up

-$808

Up $10,799 (+93%) from 2017

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

2018

Assets$4,400
Liabilities$57,915
Net Assets-$53,515

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

2018

Revenue$98,124
Expenses$98,932
Net Income-$808
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 18, 2020
Return Version
2018v3.1
Gross Receipts
$98,124
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
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→ $0
Rtn Earn Endowment Incm Other Fnds$-52,707$-53,515▼ $808
Total Assets$4,400$4,400→ $0
Liabilities
Other Liabilities$57,107$57,915▲ $808
Total Liabilities$57,107$57,915▲ $808
Net Assets / Fund Balance
Total Net Assets Fund Balance$-52,707$-53,515▼ $808
Total Liabilities and Net Assets / Fund Balance$4,400$4,400→ $0

Asset Categories

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

Board Members and Trustees

NameTitle
Manijeh MotaghyPresident
Jonathan TroenVice President
Marge DriscollBoard Member
Renee GatesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$28,942
Program Service Revenue
$69,182
Investment Income
$0
Other Revenue
$0
All Other Contributions
$28,942
Change in Net Assets
$-808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,767
Salaries, Compensation, and Employee Benefits$1,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$59,242--$59,242
Fees for Services Management$35,800--$35,800
Other Employee Benefits$1,165--$1,165
Other Expenses$126--$126
Total Functional Expenses$98,932$0$0$98,932
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$57,915
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
6914 CANBURY AVE NO 103, RESEDA, CA 91335
Doing Business As
Perfectly Here

Signing Officer

Name
Dr Manijeh Motaghy
Title
President
Phone
8189170636
Signed
2020-05-18
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

Instructors: program service expenses 6,370. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,370. Management fees: program service expenses 13,268. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,268. Occupancy, rent, utilities and maintenance: program service expenses 25,663. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,663. Printing, publications, postage and shipping: program service expenses 13,941. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,941.

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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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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/ExplanationTxt4INSTRUCTORS: PROGRAM SERVICE EXPENSES 6,370. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,370. MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 13,268. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,268. OCCUPANCY, RENT, UTILITIES AND MAINTENANCE: PROGRAM SERVICE EXPENSES 25,663. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,663. PRINTING, PUBLICATIONS, POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 13,941. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,941.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINDFUL VALLEY
ReturnHeader/Filer/BusinessNameControlTxt0MIND
ReturnHeader/Filer/EIN0453569183
ReturnHeader/Filer/PhoneNum08184530640
ReturnHeader/Filer/USAddress/AddressLine1Txt06914 CANBURY AVE NO 103
ReturnHeader/Filer/USAddress/CityNm0RESEDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091335
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0614A260AEE3432C365B41504DE792439316FEA2A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.181.119.202
ReturnHeader/FilingSecurityInformation/IPDt02020-05-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:30:44
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/PreparationDt02020-05-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT WEISS
ReturnHeader/ReturnTs02020-06-08T18:19:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • <$500k nonprofits

Los Angeles, CA

View Organization

Re-Generation Now

501(c)3 • NTEE X21

Revenue$98,063
Assets$1,621

Revenue vs current organization

About the same

Assets vs current organization

63% lower