Civic Intelligence

Heart Mind Foundation

990 • Fiscal year 2020 • EIN 47-1139341

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

14 Three J LaneSwannanoa, NC 28778

(828) 777-3007

Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE W99 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE W • <$500k nonprofits • Source year 2020

Net Margin

68th percentile

34%

Higher net margin than 68% of similar nonprofits.

2020 filings • NTEE W99 • <$500k nonprofits • Source year 2020

Top Officer Pay

97th percentile

$54,256

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2020 filings • NTEE W99 • <$500k nonprofits • Source year 2020

Asset Growth

97th percentile

593%

Faster asset growth than 97% of similar nonprofits.

2020 filings • NTEE W • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

168%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • NTEE W • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$146,909

Up $125,701 (+593%) from 2019

Net Assets

Up

$146,909

Up $125,701 (+593%) from 2019

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$370,962

Up $232,423 (+168%) from 2019

Expenses

Up

$245,261

Up $108,972 (+80%) from 2019

Net Income

Up

$125,701

Up $123,451 (+5487%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $11,744Net Assets 2015: $11,7442015Assets 2016: $1,261Net Assets 2016: $1,2612016Assets 2017: $5,128Liabilities 2017: $02017Assets 2018: $18,958Net Assets 2018: $18,9582018Assets 2019: $21,208Net Assets 2019: $21,2082019Assets 2020: $146,909Liabilities 2020: $0Net Assets 2020: $146,9092020Assets 2021: $14,389Liabilities 2021: $8Net Assets 2021: $14,3812021Assets 2022: $40,179Liabilities 2022: $0Net Assets 2022: $40,1792022Assets 2023: $15,737Liabilities 2023: $0Net Assets 2023: $15,7372023Assets 2024: $38,777Liabilities 2024: $0Net Assets 2024: $38,7772024

Highlighted filing

2020

Assets$146,909
Liabilities$0
Net Assets$146,909

Operations Trend

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

$400K$200K$0-$200KRevenue 2015: $95,872Expenses 2015: $92,082Net Income 2015: $3,7902015Revenue 2016: $70,844Expenses 2016: $81,327Net Income 2016: -$10,4832016Revenue 2017: $46,683Expenses 2017: $42,816Net Income 2017: $3,8672017Revenue 2018: $99,642Expenses 2018: $60,812Net Income 2018: $38,8302018Revenue 2019: $138,539Expenses 2019: $136,289Net Income 2019: $2,2502019Revenue 2020: $370,962Expenses 2020: $245,261Net Income 2020: $125,7012020Revenue 2021: $226,599Expenses 2021: $359,127Net Income 2021: -$132,5282021Revenue 2022: $270,643Expenses 2022: $244,845Net Income 2022: $25,7982022Revenue 2023: $136,170Expenses 2023: $160,612Net Income 2023: -$24,4422023Revenue 2024: $114,709Expenses 2024: $91,669Net Income 2024: $23,0402024

Highlighted filing

2020

Revenue$370,962
Expenses$245,261
Net Income$125,701
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$370,962
Mission and Program Overview

Mission

How can we serve the convergence of buddhism with technology and global culture?

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,208$144,451▲ $123,243
Land, Buildings, and Equipment, Net-$2,458-
Total Assets$21,208$146,909▲ $125,701
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,208$146,909▲ $125,701
Total Net Assets Fund Balance$21,208$146,909▲ $125,701
Total Liabilities and Net Assets / Fund Balance$21,208$146,909▲ $125,701

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,458$129$2,587
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vincent HornPresident-$54,256$54,256
Ryan OelkeFinancial ofPT$13,937$13,937

Board Members and Trustees

NameTitle
Kate GarvinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$183,262
Program Service Revenue
$187,700
Investment Income
$0
Other Revenue
$0
All Other Contributions
$183,262
Change in Net Assets
$125,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,528
Salaries, Compensation, and Employee Benefits$91,733
Total Fundraising Expense$4,633
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$90,377--$90,377
Current Officers, Directors, Trustees, and Key Employees$50,448$17,745-$68,193
Information Technology$18,765$2,346$2,346$23,457
Other Salaries and Wages$18,333--$18,333
All Other Expenses$4,530$6,456-$10,986
Office Expenses-$5,730-$5,730
Payroll Taxes$5,207--$5,207
Travel$1,978$1,978-$3,956
Other Expenses$3,600$3,518-$3,518
Advertising--$2,287$2,287
Fees for Services Accounting-$1,512-$1,512
Depreciation Depletion$129--$129
Fees for Services Legal-$96-$96
Total Functional Expenses$201,247$39,381$4,633$245,261
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
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

Board of directors reviews tax return before it is signed and filed.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST

Filing and Contact Details

Filer

Filer Name
Heart Mind Foundation
EIN
47-1139341
Address
14 THREE J LANE, SWANNANOA, NC 28778
Doing Business As
Buddhist Geeks

Signing Officer

Name
Vincent Horn
Title
President
Phone
8287773007
Signed
2021-11-12

Organization Details

Principal Officer
Vincent Horn
Formed
2014
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
5

Preparer

Firm
Boulder CPA Group
Address
1790 30TH ST STE 418, BOULDER, CO 80301
Preparer
Carol Bailiff CPA
Phone
3034493060
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

BUDDHIST GEEKS

Form 990, Page 2, Part III, Line 4A

Podcast in 2020 we continued to release new episodes of the freely offered buddhist geeks podcast,including 13 new episodes. In addition to the archived episodes, the buddhist geeks podcast,received a total of 439,060 listens in 2020, making a combined 1 million listens to the podcast over the course of 2019 & 2020. Retreats in response to the global pandemic of 2020/21 we shifted all of our in- person retreat activity online, with 2 retreats that were originally planned to be in-person, being held online. We had 50 participants in those retreats. Then we launched a new virtual retreat program called mindfulness retreats online. Our first two mindfulness retreats online hosted 12 different teachers and 200 participants. In addition, we implemented a special bipoc (black,indigenous, person of color) pricing model for the mindfulness retreats online, designed to increase access for bipoc participants. Trainings in 2020 we expanded our 10-week virtual training opportunities, with 6 different teachers running 9 unique training programsincluding our new social meditation facilitator trainingsand had 240 registered training participants, who donated a total of 64,718.50 to support these trainings over the course of the year. In 2020 we also began a new 2-year teacher training program cohort, working closely with 11 long-term students who are training to be dharma, meditation,& mindfulness teachers. Privates in 2019 we had 6 teachers (a doubling of our teaching team over last year) who did a total of 201 contact hours (more than twice the hours we did in 2019) with private meditation students, supporting them personally with the development of their contemplative practice. Our teachers operate on a transparent generosity basis, and received an average donation of 107 usd / hour in 2020. Network in 2020 we launched a new social network and live event space to our community, called the buddhist geeks network. Launched on the mighty networks platform, we invited all of our trained facilitators and teachers to offer freely offered events back to the community. This network was sustained by totally optional donations, receiving a total of 13,401 from network members in 2020. Partnering our primary partners this year included jack kornfield, tara brach, & sounds true as we worked to design the mindfulness retreats online program to support the intensive training of prospective teachers in their 2-year mindfulness meditation teacher certification program.

Form 990, Part IX, Line 11G

Outside contract services 8,359 0 0 teachers pay 82,018 0 0 total 90,377 0 0

Raw XML Appendix312 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PODCAST IN 2020 WE CONTINUED TO RELEASE NEW EPISODES OF THE FREELY OFFERED BUDDHIST GEEKS PODCAST,INCLUDING 13 NEW EPISODES. IN ADDITION TO THE ARCHIVED EPISODES, THE BUDDHIST GEEKS PODCAST,RECEIVED A TOTAL OF 439,060 LISTENS IN 2020, MAKING A COMBINED 1 MILLION LISTENS TO THE PODCAST OVER THE COURSE OF 2019 & 2020. RETREATS IN RESPONSE TO THE GLOBAL PANDEMIC OF 2020/21 WE SHIFTED ALL OF OUR IN- PERSON RETREAT ACTIVITY ONLINE, WITH 2 RETREATS THAT WERE ORIGINALLY PLANNED TO BE IN-PERSON, BEING HELD ONLINE. WE HAD 50 PARTICIPANTS IN THOSE RETREATS. THEN WE LAUNCHED A NEW VIRTUAL RETREAT PROGRAM CALLED MINDFULNESS RETREATS ONLINE. OUR FIRST TWO MINDFULNESS RETREATS ONLINE HOSTED 12 DIFFERENT TEACHERS AND 200 PARTICIPANTS. IN ADDITION, WE IMPLEMENTED A SPECIAL BIPOC (BLACK,INDIGENOUS, PERSON OF COLOR) PRICING MODEL FOR THE MINDFULNESS RETREATS ONLINE, DESIGNED TO INCREASE ACCESS FOR BIPOC PARTICIPANTS. TRAININGS IN 2020 WE EXPANDED OUR 10-WEEK VIRTUAL TRAINING OPPORTUNITIES, WITH 6 DIFFERENT TEACHERS RUNNING 9 UNIQUE TRAINING PROGRAMSINCLUDING OUR NEW SOCIAL MEDITATION FACILITATOR TRAININGSAND HAD 240 REGISTERED TRAINING PARTICIPANTS, WHO DONATED A TOTAL OF 64,718.50 TO SUPPORT THESE TRAININGS OVER THE COURSE OF THE YEAR. IN 2020 WE ALSO BEGAN A NEW 2-YEAR TEACHER TRAINING PROGRAM COHORT, WORKING CLOSELY WITH 11 LONG-TERM STUDENTS WHO ARE TRAINING TO BE DHARMA, MEDITATION,& MINDFULNESS TEACHERS. PRIVATES IN 2019 WE HAD 6 TEACHERS (A DOUBLING OF OUR TEACHING TEAM OVER LAST YEAR) WHO DID A TOTAL OF 201 CONTACT HOURS (MORE THAN TWICE THE HOURS WE DID IN 2019) WITH PRIVATE MEDITATION STUDENTS, SUPPORTING THEM PERSONALLY WITH THE DEVELOPMENT OF THEIR CONTEMPLATIVE PRACTICE. OUR TEACHERS OPERATE ON A TRANSPARENT GENEROSITY BASIS, AND RECEIVED AN AVERAGE DONATION OF 107 USD / HOUR IN 2020. NETWORK IN 2020 WE LAUNCHED A NEW SOCIAL NETWORK AND LIVE EVENT SPACE TO OUR COMMUNITY, CALLED THE BUDDHIST GEEKS NETWORK. LAUNCHED ON THE MIGHTY NETWORKS PLATFORM, WE INVITED ALL OF OUR TRAINED FACILITATORS AND TEACHERS TO OFFER FREELY OFFERED EVENTS BACK TO THE COMMUNITY. THIS NETWORK WAS SUSTAINED BY TOTALLY OPTIONAL DONATIONS, RECEIVING A TOTAL OF 13,401 FROM NETWORK MEMBERS IN 2020. PARTNERING OUR PRIMARY PARTNERS THIS YEAR INCLUDED JACK KORNFIELD, TARA BRACH, & SOUNDS TRUE AS WE WORKED TO DESIGN THE MINDFULNESS RETREATS ONLINE PROGRAM TO SUPPORT THE INTENSIVE TRAINING OF PROSPECTIVE TEACHERS IN THEIR 2-YEAR MINDFULNESS MEDITATION TEACHER CERTIFICATION PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEWS TAX RETURN BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUTSIDE CONTRACT SERVICES 8,359 0 0 TEACHERS PAY 82,018 0 0 TOTAL 90,377 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0VINCENT HORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08287773007
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEART MIND FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOULDER
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ReturnHeader/PreparerPersonGrp/PhoneNum03034493060
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL BAILIFF CPA
ReturnHeader/ReturnTs02021-11-15T11:04:38-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HORN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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