Civic Intelligence

Healthy Minds Innovations Inc

EIN 47-1196006 • 501(c)3 • Madison, WI

Profile

Mission: translating science into tools to cultivate and measure well-beingvision: a kinder, wiser more compassionate world

625 West Washington AvenueMadison, WI 53703

hminnovations.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.24x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.54x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,987,277

Up $746,861 (+23%) from 2023

Liabilities

Up

$952,136

Up $76,995 (+8.8%) from 2023

Net Assets

Up

$3,035,141

Up $669,866 (+28%) from 2023

Revenue

Down

$1,768,062

Down $3,223,472 (-65%) from 2023

Expenses

Down

$1,807,102

Down $3,247,860 (-64%) from 2023

Net Income

Up

-$39,040

Up $24,388 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $54,977Liabilities 2015: $30,4922015Assets 2016: $1,110,001Liabilities 2016: $51,672Net Assets 2016: $1,058,3292016Assets 2017: $2,390,239Liabilities 2017: $97,397Net Assets 2017: $2,292,8422017Assets 2018: $2,267,993Liabilities 2018: $348,308Net Assets 2018: $1,919,6852018Assets 2019: $3,613,217Liabilities 2019: $428,493Net Assets 2019: $3,184,7242019Assets 2020: $6,122,350Liabilities 2020: $1,115,146Net Assets 2020: $5,007,2042020Assets 2021: $5,514,455Liabilities 2021: $895,861Net Assets 2021: $4,618,5942021Assets 2022: $3,070,291Liabilities 2022: $641,588Net Assets 2022: $2,428,7032022Assets 2023: $3,240,416Liabilities 2023: $875,141Net Assets 2023: $2,365,2752023Assets 2024: $3,987,277Liabilities 2024: $952,136Net Assets 2024: $3,035,1412024

Highlighted filing

2024

Assets$3,987,277
Liabilities$952,136
Net Assets$3,035,141

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $54,000Expenses 2015: $39,522Net Income 2015: $14,4782015Revenue 2016: $1,550,530Expenses 2016: $622,415Net Income 2016: $928,1152016Revenue 2017: $3,498,559Expenses 2017: $2,264,046Net Income 2017: $1,234,5132017Revenue 2018: $3,128,476Expenses 2018: $3,522,674Net Income 2018: -$394,1982018Revenue 2019: $5,469,048Expenses 2019: $4,223,109Net Income 2019: $1,245,9392019Revenue 2020: $6,421,318Expenses 2020: $4,598,838Net Income 2020: $1,822,4802020Revenue 2021: $4,272,719Expenses 2021: $4,661,329Net Income 2021: -$388,6102021Revenue 2022: $3,825,213Expenses 2022: $6,015,104Net Income 2022: -$2,189,8912022Revenue 2023: $4,991,534Expenses 2023: $5,054,962Net Income 2023: -$63,4282023Revenue 2024: $1,768,062Expenses 2024: $1,807,102Net Income 2024: -$39,0402024

Highlighted filing

2024

Revenue$1,768,062
Expenses$1,807,102
Net Income-$39,040

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,768,062
Mission and Program Overview

Mission

Cultivate well-being and relieve suffering through scientific understanding of the mind.

Translating science into tools to cultivate and measure well-being, with a vision to make planet earth a kinder, wiser, and more compassionate place to live.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,717,124$2,633,081▼ $84,043
Savings and Temporary Cash Investments$337,186--
Pledges and Grants Receivable$144,439$213,124▲ $68,685
Accounts Receivable$242,879$84,180▼ $158,699
Prepaid Expenses and Deferred Charges$125,846$77,122▼ $48,724
Land, Buildings, and Equipment, Net$141$2,671▲ $2,530
Total Assets$3,868,306$3,987,277▲ $118,971
Other Assets Total$300,691$977,099▲ $676,408
Liabilities
Deferred Revenue$256,414$829,320▲ $572,906
Accounts Payable and Accrued Expenses$537,711$122,816▼ $414,895
Total Liabilities$794,125$952,136▲ $158,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,980,502$2,960,575▼ $19,927
Net Assets With Donor Restrictions$93,679$74,566▼ $19,113
Total Net Assets Fund Balance$3,074,181$3,035,141▼ $39,040
Total Liabilities and Net Assets / Fund Balance$3,868,306$3,987,277▲ $118,971

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,671$16,960$19,631
Other Assets Org$977,099--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina GlavasChief Executive OfficerFT$262,689-$262,689
Raquel TatarChief Science & OperationsFT$208,158$9,442$217,600
David ElderbrockChief Technology OfficerFT$194,338$22,488$216,826
Andrew BurroughsChief Experience OfficerFT$179,994$33,735$213,729
Nicole FiteChief of StaffFT$152,141$13,846$165,987
George XavierData EngineerFT$123,145$26,442$149,587
Michael GordonDirector of Strategic InitFT$124,819$16,393$141,212
Neal RajdevDirectorPT$56,594-$56,594

Board Members and Trustees

NameTitle
Stephen ArnoldChairman of the Board
Richard DavidsonVice Chair
David LubarDirector
Golbie KamareiDirector
Gregg FergusDirector
Julian ThayerDirector
Shobhina ChhedaDirector
Toni SikesDirector
Greg LynchSecretary and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of Wisconsin - MadisonResearch625 W WASHINGTON AVE, Madison, WI 53703$244,593
Revenue and Support

Revenue Composition

Contributions and Grants
$764,523
Program Service Revenue
$958,842
Investment Income
$44,697
Other Revenue
$0
All Other Contributions
$764,523
Change in Net Assets
$-39,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,768,062
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,768,062
Total Revenue per Form 990
$1,768,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,356,842
Other Expenses$450,260
Total Fundraising Expense$64,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$505,978$108,105$38,840$652,923
Current Officers, Directors, Trustees, and Key Employees$359,877$160,000-$519,877
Fees for Services Other$149,137$10,371$12,527$172,035
Other Expenses$52,734$58,669$7,144$118,547
Other Employee Benefits$69,794$17,204$1,963$88,961
Fees for Services Accounting-$76,145-$76,145
Payroll Taxes$59,488$10,657$2,915$73,060
Travel$56$31,259$156$31,471
Pension Plan Contributions$16,235$4,432$1,354$22,021
Fees for Services Legal-$17,422-$17,422
Insurance-$13,348-$13,348
Occupancy-$12,000-$12,000
Advertising$7,509--$7,509
Office Expenses-$1,587-$1,587
Conferences and Meetings-$196-$196
Total Functional Expenses$1,220,808$521,395$64,899$1,807,102

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,807,102
Total Expenses per Audited Statements$1,807,102
Total Expenses per Form 990$1,807,102
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sheela RajdevFamily Member of Board MemberWages Paid to Business ManagerNo$26,258
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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 A, Line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the operational team and chairman of the board prior to filing with the irs. All board members are provided access to the 990 prior to filing.

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

At the first board meeting of the year, board members are required to sign a written statement that they reviewed the conflict of interest policy and will comply with the policy. If a conflict is deemed to occur at any time during the year, the interested person shall not participate in any discussion or vote regarding the transaction, and shall not be present in the meeting room for any part of the discussion or vote related to the transaction or agreement. If a conflict of interest occurs, board minutes will describe the discussions related to the transaction or arrangement, and who was present for such discussions.

Form 990, Part VI, Section B, Line 15

Hmi has contracted with an independent consultant to conduct a market analysis when salary adjustments are contemplated. The data is reviewed by a subset of board members to inform executive compensation and by the ceo to inform management compensation.

Form 990, Part VI, Section C, Line 19

All required documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Healthy Minds Innovations Inc
EIN
47-1196006
Phone
6084924184
Address
625 WEST WASHINGTON AVENUE, MADISON, WI 53703
Doing Business As
Humin Inc

Signing Officer

Name
Stephen Arnold
Title
Chairman of the Board
Phone
6084924184
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Arnold
Formed
2014
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
9
Employees
22
Volunteers
9

Preparer

Firm
Avenson Hamann Cpas Llp
Address
7421 BURNET ROAD 522, AUSTIN, TX 78757
Preparer
Catherine Avenson
Phone
5126939131
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by internal revenue service. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF EXPERIENCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF SCIENCE & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt15DATA ENGINEER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF STRATEGIC INIT
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IRS990/MissionDesc0TRANSLATING SCIENCE INTO TOOLS TO CULTIVATE WELLBEING.
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1SPEAKING EVENTS
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE HEALTHY MINDS PROGRAM OFFERS CUSTOM CONTENT AND CONSULTING TO CORPORATE, EDUCATIONAL, AND RESEARCH CLIENTS THROUGH MOBILE MEASURES OF WELL-BEING, A SUITE OF TOOLS IMPLEMENTED ON A MOBILE DEVICE THAT MEASURE THE FOUR KEY CONSTITUENTS OF WELL-BEING, BASED ON A COMPREHENSIVE NEUROSCIENTIFICALLY GROUNDED FRAMEWORK: AWARENESS, CONNECTION, INSIGHT, AND PURPOSE. THE HEALTHY MINDS PROGRAM APP IS ALSO AVAILABLE FREELY WORLDWIDE TO INDIVIDUALS TO TEACH AND MEASURE THE SKILLS OF MENTAL WELL-BEING.DURING THIS PERIOD, HMI ALSO MAINTAINED THE HEALTHY MINDS RESEARCH PLATFORM, A MOBILE-FRIENDLY WEB PLATFORM THAT DELIVERS PERSONALIZED ACTIVITIES AND VALIDATED MEASURES TAILORED TO AN INDIVIDUAL'S NEEDS. THE PLATFORM IS DESIGNED TO INTAKE RICH DATASETS - INCLUDING FACIAL EXPRESSION, VOCAL UTTERANCES, AND GEOGRAPHICAL LOCATION - TO DELIVER THE RIGHT INTERVENTION TO THE RIGHT PERSON AT THE RIGHT TIME. THIS NEW WEB-BASED PLATFORM CAN BE USED FOR CONDUCTING RESEARCH, TEACHING AND MEASURING SKILLS OF WELL-BEING, AND IS DESIGNED TO BE MORE FLEXIBLE AND ACCESSIBLE TO MORE PEOPLE. THE PLATFORM ALSO ALLOWS FOR EASIER TAILORING OF SERVICES AND CAN BE SET UP TO PROVIDE A PERSONALIZED EXPERIENCE, DESIGNED TO INCREASE ENGAGEMENT AND IMPACT. IN ADDITION, THE PLATFORM IS SIMPLER AND MORE EFFICIENT TO MAINTAIN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0585551
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE HEALTHY MINDS DIRECT-TO-CONSUMER (D2C) PROGRAM BRINGS THE SCIENCE OF EMOTIONAL WELL-BEING DIRECTLY TO INDIVIDUALS THROUGH ACCESSIBLE, RESEARCH-BASED DIGITAL EXPERIENCES. A CENTRAL PART OF THIS EFFORT IS THE EMOTIONAL STYLES QUIZ (ESQ), A FREE ONLINE TOOL THAT INTRODUCES PEOPLE TO THEIR UNIQUE "EMOTIONAL STYLE" ACROSS SIX DIMENSIONS OF WELL-BEING: RESILIENCE, OUTLOOK, SOCIAL INTUITION, SELF-AWARENESS, SENSITIVITY TO CONTEXT, AND ATTENTION. SINCE ITS INITIAL LAUNCH, MORE THAN 24,000 PEOPLE HAVE TAKEN THE QUIZ TO BETTER UNDERSTAND THEIR EMOTIONAL STRENGTHS AND AREAS FOR GROWTH.IN 2024, HEALTHY MINDS INNOVATIONS (HMI) CONDUCTED EXTENSIVE USER RESEARCH AND TESTING TO IMPROVE THE ESQ EXPERIENCE, FOCUSING ON CLEARER QUESTION DESIGN, AN INVITING WELCOME EXPERIENCE, MORE MEANINGFUL RESULTS VISUALIZATIONS, AND SMOOTHER TECHNICAL PERFORMANCE. THE UPCOMING DECEMBER 2025 RELEASE WILL FEATURE A FULLY REBRANDED USER INTERFACE, EXPANDED PERSONALIZATION, AND SEAMLESS INTEGRATION WITH THE NEW HEALTHY MINDS WEBSITE. THE REDESIGNED ESQ WILL CONTINUE TO BE OFFERED FREE OF CHARGE AS A KEY ENTRY POINT TO THE HEALTHY MINDS ECOSYSTEM, HELPING TO EXPAND ACCESS TO WELL-BEING SCIENCE FOR AUDIENCES WORLDWIDE.IN ADDITION TO THE QUIZ, HMI ALSO LAUNCHED A NEW ONLINE COURSE FOR MANAGERS, TRUST STARTS WITH YOU: THE SKILL OF SELF-AWARENESS, WHICH INTRODUCES SELF-AWARENESS AS A CORE LEADERSHIP SKILL FOR BUILDING TRUST AND FOSTERING TEAM WELL-BEING. GROUNDED IN THE ACIP FRAMEWORK (AWARENESS, CONNECTION, INSIGHT, AND PURPOSE), THE COURSE TEACHES MANAGERS HOW TO STAY GROUNDED AND RESPOND SKILLFULLY UNDER PRESSURE THROUGH A SHORT, SCIENCE-BASED CURRICULUM INCLUDING A TEACHING VIDEO, GUIDED PRACTICE, AND EVERYDAY STRATEGIES. TOGETHER, THESE OFFERINGS EXTEND HMI'S MISSION TO TRANSLATE THE SCIENCE OF WELL-BEING INTO SCALABLE, EVIDENCE-BASED TOOLS THAT EMPOWER INDIVIDUALS AND LEADERS TO CULTIVATE HEALTHIER MINDS AND COMMUNITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0147258
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE LOKA INITIATIVE CONTRIBUTES TO WELL-BEING BY SUPPORTING FAITH-LED ENVIRONMENTAL EFFORTS LOCALLY AND AROUND THE WORLD. A NEW ONLINE COURSE CALLED "PSYCHOLOGY OF DEEP RESILIENCE; ADDRESSING ECOANXIETY AND CLIMATE DISTRESS FOR INDIVIDUAL, SOCIAL AND ECOLOGICAL WELL-BEING" LAUNCHED IN SUMMER 2024 THROUGH THE ONLINE LEARNING PLATFORM EDX. THE 4-PART PROGRAM IS DESIGNED TO HELP PARTICIPANTS MEET ENVIRONMENTAL AND CLIMATE CRISES WITH COURAGE, DETERMINATION AND A FIERCE RECLAMATION OF COMMUNAL JOY. THE COURSE IS AVAILABLE ON A ROLLING BASIS, IN 70+ COUNTRIES. TO DATE OVER 1K PEOPLE HAVE REGISTERED FOR THE COURSE. LOKA ALSO LAUNCHED A FILM PROJECT IN PARTNERSHIP WITH BRAVEBIRD, A LOCAL, INDIGENOUS, FEMALE-OWNED FILM COMPANY AND A TEAM OF NATIVE AND INDIGENOUS LEADERS. THE FILM FOCUSES ON INDIGENOUS WISDOM AND TRADITIONAL ECOLOGICAL KNOWLEDGE IN WISCONSIN.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1SPEAKING ENGAGEMENTS ENGAGE A CRITICAL MASS OF PEOPLE WHO EMBRACE PRACTICES THAT CULTIVATE WELL-BEING AND INSPIRE A GLOBAL SHIFT TOWARD A KINDER, MORE COMPASSIONATE WORLD.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION CHANGED FROM A JUNE 30 YEAR-END TO A CALENDAR YEAR IN 2024. 2024 IS A SHORT YEAR FROM JULY - DECEMBER 2024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
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