Civic Intelligence

Heart Mind Foundation

990 • Fiscal year 2021 • EIN 47-1139341

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

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

72nd percentile

0.00x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • NTEE W99 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.00x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • NTEE W99 • <$500k nonprofits • Source year 2021

Net Margin

16th percentile

-58%

Higher net margin than 16% of similar nonprofits.

2021 filings • NTEE W99 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$65,262

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2021 filings • NTEE W99 • <$500k nonprofits • Source year 2021

Asset Growth

5th percentile

-90%

Faster asset growth than 5% of similar nonprofits.

2021 filings • NTEE W99 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-39%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • NTEE W99 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$14,389

Down $132,520 (-90%) from 2020

Net Assets

Down

$14,381

Down $132,528 (-90%) from 2020

Liabilities

Up

$8

Up $8 from 2020

Revenue

Down

$226,599

Down $144,363 (-39%) from 2020

Expenses

Up

$359,127

Up $113,866 (+46%) from 2020

Net Income

Down

-$132,528

Down $258,229 (-205%) from 2020

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

2021

Assets$14,389
Liabilities$8
Net Assets$14,381

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

2021

Revenue$226,599
Expenses$359,127
Net Income-$132,528
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$226,599
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$144,451$11,192▼ $133,259
Land, Buildings, and Equipment, Net$2,458$3,197▲ $739
Total Assets$146,909$14,389▼ $132,520
Liabilities
Other Liabilities-$8-
Total Liabilities$0$8▲ $8
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$146,909$14,381▼ $132,528
Total Net Assets Fund Balance$146,909$14,381▼ $132,528
Total Liabilities and Net Assets / Fund Balance$146,909$14,389▼ $132,520

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,197$840$4,037
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vincent HornPresidentFT$60,646$4,616$65,262
Ryan OelkeFinancial ofPT$26,905-$26,905

Board Members and Trustees

NameTitle
Kate GarvinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$170,187
Program Service Revenue
$56,412
Investment Income
$0
Other Revenue
$0
All Other Contributions
$170,187
Change in Net Assets
$-132,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,419
Salaries, Compensation, and Employee Benefits$131,598
Total Fundraising Expense$13,615
Grants and Similar Amounts Paid$110
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$175,682--$175,682
Current Officers, Directors, Trustees, and Key Employees$67,349$14,137$6,065$87,551
Other Salaries and Wages$19,853$2,482$2,482$24,817
Information Technology$18,144$2,268$2,268$22,680
Other Employee Benefits$12,184--$12,184
Payroll Taxes$7,046--$7,046
All Other Expenses$4,296$1,609-$5,905
Advertising--$2,800$2,800
Fees for Services Accounting-$2,692-$2,692
Other Expenses$3,438$1,655-$1,655
Office Expenses$39$1,258-$1,297
Depreciation Depletion$711--$711
Insurance-$500-$500
Grants to Domestic Orgs$110--$110
Total Functional Expenses$311,180$34,332$13,615$359,127
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
Other Current Liabilities$8
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
2022-11-11

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
John H David 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 2021 we continued to release new episodes of the freely offered buddhist geeks podcast,including 15 new episodes. In addition to the archived episodes, the buddhist geeks podcast,received a total of 318,621 podcast listens in 2021, making a combined 1.3 million listens from 2019 2021. Retreats in response to the global pandemic of 202021 we shifted all of our in- person retreat activity online, with 2 retreats that were originally planned to be in-person, being held online in 2020. Then at the end of 2020 we launched a new virtual retreat program called mindfulness retreats online. In 2021 we continued those retreats successfully, hosting a total of 3 mindfulness retreats online with 287 participants and 18 mindfulness teachers. Retreat revenue from that program totaled 58,200.00. Trainings in 2021 we expanded our 10-week virtual training opportunities, with 6 different teachers running 19 unique training programs with 312 registered training participants, who donated a total of 74,272.00 to support these trainings over the course of the year. In 2021, and as part of that, we continued a 2-year teacher training program cohort, working closely with 11 long-term students who are training to become dharma, meditation, & mindfulness teachers with buddhist geeks. They are set to graduate at the end of 2021. Mentoring in 2021 we had 6 teachers offer a total of 236 contact hours with private 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 139 / hour in 2021 for a total of 33,260.50 in donations. Network in 2021 we continued to operate our private social network and live event space for our community, the buddhist geeks network. Operating on the mighty networks platform this network was sustained by totally optional donations, receiving a total of 22,745.25 from network members in 2021. In the last month of the year, december 2021, we had 260 active members on the network, and 133 of them active donors. 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 27,552 0 0 teacher pay 148,130 0 0 total 175,682 0 0

Raw XML Appendix323 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/ExplanationTxt0BUDDHIST GEEKS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PODCAST IN 2021 WE CONTINUED TO RELEASE NEW EPISODES OF THE FREELY OFFERED BUDDHIST GEEKS PODCAST,INCLUDING 15 NEW EPISODES. IN ADDITION TO THE ARCHIVED EPISODES, THE BUDDHIST GEEKS PODCAST,RECEIVED A TOTAL OF 318,621 PODCAST LISTENS IN 2021, MAKING A COMBINED 1.3 MILLION LISTENS FROM 2019 2021. RETREATS IN RESPONSE TO THE GLOBAL PANDEMIC OF 202021 WE SHIFTED ALL OF OUR IN- PERSON RETREAT ACTIVITY ONLINE, WITH 2 RETREATS THAT WERE ORIGINALLY PLANNED TO BE IN-PERSON, BEING HELD ONLINE IN 2020. THEN AT THE END OF 2020 WE LAUNCHED A NEW VIRTUAL RETREAT PROGRAM CALLED MINDFULNESS RETREATS ONLINE. IN 2021 WE CONTINUED THOSE RETREATS SUCCESSFULLY, HOSTING A TOTAL OF 3 MINDFULNESS RETREATS ONLINE WITH 287 PARTICIPANTS AND 18 MINDFULNESS TEACHERS. RETREAT REVENUE FROM THAT PROGRAM TOTALED 58,200.00. TRAININGS IN 2021 WE EXPANDED OUR 10-WEEK VIRTUAL TRAINING OPPORTUNITIES, WITH 6 DIFFERENT TEACHERS RUNNING 19 UNIQUE TRAINING PROGRAMS WITH 312 REGISTERED TRAINING PARTICIPANTS, WHO DONATED A TOTAL OF 74,272.00 TO SUPPORT THESE TRAININGS OVER THE COURSE OF THE YEAR. IN 2021, AND AS PART OF THAT, WE CONTINUED A 2-YEAR TEACHER TRAINING PROGRAM COHORT, WORKING CLOSELY WITH 11 LONG-TERM STUDENTS WHO ARE TRAINING TO BECOME DHARMA, MEDITATION, & MINDFULNESS TEACHERS WITH BUDDHIST GEEKS. THEY ARE SET TO GRADUATE AT THE END OF 2021. MENTORING IN 2021 WE HAD 6 TEACHERS OFFER A TOTAL OF 236 CONTACT HOURS WITH PRIVATE 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 139 / HOUR IN 2021 FOR A TOTAL OF 33,260.50 IN DONATIONS. NETWORK IN 2021 WE CONTINUED TO OPERATE OUR PRIVATE SOCIAL NETWORK AND LIVE EVENT SPACE FOR OUR COMMUNITY, THE BUDDHIST GEEKS NETWORK. OPERATING ON THE MIGHTY NETWORKS PLATFORM THIS NETWORK WAS SUSTAINED BY TOTALLY OPTIONAL DONATIONS, RECEIVING A TOTAL OF 22,745.25 FROM NETWORK MEMBERS IN 2021. IN THE LAST MONTH OF THE YEAR, DECEMBER 2021, WE HAD 260 ACTIVE MEMBERS ON THE NETWORK, AND 133 OF THEM ACTIVE DONORS. 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 27,552 0 0 TEACHER PAY 148,130 0 0 TOTAL 175,682 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
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/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEART MIND FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOULDER CPA GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01790 30TH ST STE 418
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOULDER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080301
ReturnHeader/PreparerPersonGrp/PhoneNum03034493060
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN H DAVID CPA
ReturnHeader/ReturnTs02022-11-14T16:29:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VINCENT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HORN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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