Civic Intelligence

Mind First Foundation Inc DBA Radvac

990 • Fiscal year 2021 • EIN 46-1357012

Jan 01, 2021 to Dec 31, 2021 • Filed on May 14, 2024

204 2nd Ave 310Waltham, MA 02451

(401) 261-6365

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.00x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$88,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

100th percentile

8221%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

1653%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$464,571

Up $458,988 (+8221%) from 2020

Net Assets

$462,071

No earlier filing loaded for comparison.

Liabilities

Up

$2,500

Up $2,500 from 2020

Revenue

Up

$567,565

Up $535,190 (+1653%) from 2020

Expenses

Up

$109,127

Up $70,366 (+182%) from 2020

Net Income

Up

$458,438

Up $464,824 (+7279%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $53,847Liabilities 2015: $02015Assets 2016: $24,271Liabilities 2016: $02016Assets 2017: $16,703Liabilities 2017: $02017Assets 2018: $16,044Liabilities 2018: $02018Assets 2019: $11,970Liabilities 2019: $02019Assets 2020: $5,583Liabilities 2020: $02020Assets 2021: $464,571Liabilities 2021: $2,500Net Assets 2021: $462,0712021Assets 2022: $3,085,920Liabilities 2022: $0Net Assets 2022: $3,085,9202022Assets 2023: $2,548,402Liabilities 2023: $4,729Net Assets 2023: $2,543,6732023Assets 2024: $2,025,140Liabilities 2024: $2,235Net Assets 2024: $2,022,9052024

Highlighted filing

2021

Assets$464,571
Liabilities$2,500
Net Assets$462,071

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $81,175Expenses 2015: $27,714Net Income 2015: $53,4612015Revenue 2016: $0Expenses 2016: $29,576Net Income 2016: -$29,5762016Revenue 2017: $0Expenses 2017: $7,568Net Income 2017: -$7,5682017Revenue 2018: $0Expenses 2018: $659Net Income 2018: -$6592018Revenue 2019: $0Expenses 2019: $74Net Income 2019: -$742019Revenue 2020: $32,375Expenses 2020: $38,761Net Income 2020: -$6,3862020Revenue 2021: $567,565Expenses 2021: $109,127Net Income 2021: $458,4382021Revenue 2022: $2,946,833Expenses 2022: $325,484Net Income 2022: $2,621,3492022Revenue 2023: $51,988Expenses 2023: $489,788Net Income 2023: -$437,8002023Revenue 2024: $58,286Expenses 2024: $579,053Net Income 2024: -$520,7672024

Highlighted filing

2021

Revenue$567,565
Expenses$109,127
Net Income$458,438
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 14, 2024
Return Version
2021v4.2
Gross Receipts
$571,053
Mission and Program Overview

Mission

To communicate scientific information and conduct community outreach activities to increase public awareness of mental illness and dysfunction, and the resulting costs; (b) to obtain and distribute funds for sponsoring, collecting, and analyzing genomic, phenotypic, and other information to identify and understand biological determinants of mental illness and dysfunction; and (c) to fund, support, and conduct research into the scientific development of therapies to address these problems. This corporation is organized exclusively for charitable, scientific and education purposes as specified in section 501(c)(3) of the internal revenue code, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code.

Description of organization: to communicate scientific information and conduct community outreach activities to increase public awareness of critically important scientific issues related to the mind, and to research means for expanding the scope of rational and scientific responses to emerging challenges and civilizational threats, including emerging pathogens and pandemic risks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related-$243,729-
Cash and Non-Interest-Bearing Accounts$5,583$202,159▲ $196,576
Pledges and Grants Receivable-$18,683-
Total Assets$5,583$464,571▲ $458,988
Liabilities
Accounts Payable and Accrued Expenses$1,950$2,500▲ $550
Total Liabilities$1,950$2,500▲ $550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,633$462,071▲ $458,438
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,633$462,071▲ $458,438
Total Liabilities and Net Assets / Fund Balance$5,583$464,571▲ $458,988

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$243,729--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Preston W Estep IiiPresidentFT$88,000$88,000
Alexand P HoekstraSecretary-$5,250$5,250
Brian DelaneyDirector-$2,000$2,000

Board Members and Trustees

NameTitle
Ranjan AhujaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$370,999
Program Service Revenue
$0
Investment Income
$196,566
Other Revenue
$0
All Other Contributions
$370,999
Change in Net Assets
$458,438

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous2$262,412Fair Market Value
Securities Publicly Traded1$3,487Basis of Stock
Total Noncash Contributions3$265,899-

Audited Revenue Reconciliation

Revenue per Audited Statements
$567,565
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$567,565
Total Revenue per Form 990
$567,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$95,250
Other Expenses$13,877
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$95,250--$95,250
Occupancy$6,000--$6,000
Office Expenses$373--$373
Other Expenses$139--$139
Total Functional Expenses$109,127$0$0$109,127

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,127
Total Expenses per Audited Statements$109,127
Total Expenses per Form 990$109,127
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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, Section B, Line 11B

Board reviews and approves the 990 and other public filings

Form 990, Part VI, Section C, Line 18

Irs database website and other 990 websites

Form 990, Part VI, Section C, Line 19

990s are available through the irs database website and other 990 websites

Filing and Contact Details

Filer

Filer Name
Mind First Foundation Inc
EIN
46-1357012
Phone
4012616365
Address
204 2ND AVE 310, WALTHAM, MA 02451
Doing Business As
Radvac

Signing Officer

Name
Preston Estep
Title
President
Phone
4012616365
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Preston Estep
Formed
2012
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Morris & Morris Pc
Address
32 KEARNEY ROAD, NEEDHAM HEIGHTS, MA 02494
Phone
7814556900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

Accounting method was changed to accrual for ma form pc reporting purposes. The state of massachusetts requires an audited gaap basis financial statement to be attached to the form pc.

Form 990 Page 1 Item B - Amended Return

Explanation for amended return form 990 page 1 part i organization's revenue, expenses and net assets were changed to reflect the accrual method of accounting form 990 page 2 part iii line 4a organization's expenses and revenue relating to vaccine research were changed to reflect new amounts form 990 page 3 part iv line 2 and form 990 schedule b answer was changed to "yes and contributions by single donors of over $5,000 were added to schedule b. Form 990 page 3 part iv line 12a and form 990 schedule d required information about the audited gaap basis financial statements was added to schedule d. Form 990 page 4 part iv line 29 and form 990 schedule m noncash contributions received by the organization that were previously excluded were added to schedule m. Form 990 page 4 part v line 1a the number reported in box 3 of the organization's 1096 was added. Form 990 page 6 part vi section a line 8a and 8b the answer to these questions were changed to yes. The organization documents all meetings regarding its governance. Form 990 page 6 part vi section c line 17 the organization is required to provide a copy of the form 990 to the state of massachusetts. Form 990 page 9 part viii lines 1a-h, line 3, lines 7a-d and line 12 and columns a & b information on the statement of revenue was changed to include new contribution amounts including noncash contributions, as well as previously excluded investment income. Form 990 page 10 part ix lines 1-25 columns a & b information on the statement of functional expense was changed to include new expense amounts form 990 page 11 part x lines 1-33 columns a & b information on the current and prior year balance sheet was changed to reflect the accrual method of accounting and asc 958 reporting form 990 page 12 part xi lines 1-10 the reconciliation of net assets was changed to reflect the changes made throughout the rest of the return form 990 page 12 part xii lines 1, 2b, and 2c the accounting method was changed to accrual from cash, the organization underwent an audit and there is an audit committee who is responsible for oversignt of said audit. Form 990 schedule a part ii sections a & b contributions received and gross investment income were changed to reflect numbers included elsewhere on the return

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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/ExplanationTxt0BOARD REVIEWS AND APPROVES THE 990 AND OTHER PUBLIC FILINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IRS DATABASE WEBSITE AND OTHER 990 WEBSITES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990S ARE AVAILABLE THROUGH THE IRS DATABASE WEBSITE AND OTHER 990 WEBSITES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTING METHOD WAS CHANGED TO ACCRUAL FOR MA FORM PC REPORTING PURPOSES. THE STATE OF MASSACHUSETTS REQUIRES AN AUDITED GAAP BASIS FINANCIAL STATEMENT TO BE ATTACHED TO THE FORM PC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXPLANATION FOR AMENDED RETURN FORM 990 PAGE 1 PART I ORGANIZATION'S REVENUE, EXPENSES AND NET ASSETS WERE CHANGED TO REFLECT THE ACCRUAL METHOD OF ACCOUNTING FORM 990 PAGE 2 PART III LINE 4A ORGANIZATION'S EXPENSES AND REVENUE RELATING TO VACCINE RESEARCH WERE CHANGED TO REFLECT NEW AMOUNTS FORM 990 PAGE 3 PART IV LINE 2 AND FORM 990 SCHEDULE B ANSWER WAS CHANGED TO "YES AND CONTRIBUTIONS BY SINGLE DONORS OF OVER $5,000 WERE ADDED TO SCHEDULE B. FORM 990 PAGE 3 PART IV LINE 12A AND FORM 990 SCHEDULE D REQUIRED INFORMATION ABOUT THE AUDITED GAAP BASIS FINANCIAL STATEMENTS WAS ADDED TO SCHEDULE D. FORM 990 PAGE 4 PART IV LINE 29 AND FORM 990 SCHEDULE M NONCASH CONTRIBUTIONS RECEIVED BY THE ORGANIZATION THAT WERE PREVIOUSLY EXCLUDED WERE ADDED TO SCHEDULE M. FORM 990 PAGE 4 PART V LINE 1A THE NUMBER REPORTED IN BOX 3 OF THE ORGANIZATION'S 1096 WAS ADDED. FORM 990 PAGE 6 PART VI SECTION A LINE 8A AND 8B THE ANSWER TO THESE QUESTIONS WERE CHANGED TO YES. THE ORGANIZATION DOCUMENTS ALL MEETINGS REGARDING ITS GOVERNANCE. FORM 990 PAGE 6 PART VI SECTION C LINE 17 THE ORGANIZATION IS REQUIRED TO PROVIDE A COPY OF THE FORM 990 TO THE STATE OF MASSACHUSETTS. FORM 990 PAGE 9 PART VIII LINES 1A-H, LINE 3, LINES 7A-D AND LINE 12 AND COLUMNS A & B INFORMATION ON THE STATEMENT OF REVENUE WAS CHANGED TO INCLUDE NEW CONTRIBUTION AMOUNTS INCLUDING NONCASH CONTRIBUTIONS, AS WELL AS PREVIOUSLY EXCLUDED INVESTMENT INCOME. FORM 990 PAGE 10 PART IX LINES 1-25 COLUMNS A & B INFORMATION ON THE STATEMENT OF FUNCTIONAL EXPENSE WAS CHANGED TO INCLUDE NEW EXPENSE AMOUNTS FORM 990 PAGE 11 PART X LINES 1-33 COLUMNS A & B INFORMATION ON THE CURRENT AND PRIOR YEAR BALANCE SHEET WAS CHANGED TO REFLECT THE ACCRUAL METHOD OF ACCOUNTING AND ASC 958 REPORTING FORM 990 PAGE 12 PART XI LINES 1-10 THE RECONCILIATION OF NET ASSETS WAS CHANGED TO REFLECT THE CHANGES MADE THROUGHOUT THE REST OF THE RETURN FORM 990 PAGE 12 PART XII LINES 1, 2B, AND 2C THE ACCOUNTING METHOD WAS CHANGED TO ACCRUAL FROM CASH, THE ORGANIZATION UNDERWENT AN AUDIT AND THERE IS AN AUDIT COMMITTEE WHO IS RESPONSIBLE FOR OVERSIGNT OF SAID AUDIT. FORM 990 SCHEDULE A PART II SECTIONS A & B CONTRIBUTIONS RECEIVED AND GROSS INVESTMENT INCOME WERE CHANGED TO REFLECT NUMBERS INCLUDED ELSEWHERE ON THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PAGE 1 ITEM B - AMENDED RETURN
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ReturnHeader/ReturnTs02024-05-15T08:45:02-05:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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