Civic Intelligence

The Healthy Mind Foundation

990 • Fiscal year 2018 • EIN 81-4663358

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

3267 E 3300 S 207Salt Lake City, UT 84109

(801) 949-7475

Siviq Scores

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

Liabilities / Assets

85th percentile

0.49x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

88th percentile

47%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$760,000

Up $243,025 (+47%) from 2017

Net Assets

Down

$384,313

Down $132,662 (-26%) from 2017

Liabilities

Up

$375,687

Up $375,687 from 2017

Revenue

Down

$0

Down $625,444 (-100%) from 2017

Expenses

Up

$132,662

Up $24,193 (+22%) from 2017

Net Income

Down

-$132,662

Down $649,637 (-126%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $516,975Liabilities 2017: $0Net Assets 2017: $516,9752017Assets 2018: $760,000Liabilities 2018: $375,687Net Assets 2018: $384,3132018Assets 2019: $760,000Liabilities 2019: $379,855Net Assets 2019: $380,1452019Assets 2020: $760,000Liabilities 2020: $379,855Net Assets 2020: $380,1452020Assets 2021: $760,000Liabilities 2021: $379,855Net Assets 2021: $380,1452021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$760,000
Liabilities$375,687
Net Assets$384,313

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $625,444Expenses 2017: $108,469Net Income 2017: $516,9752017Revenue 2018: $0Expenses 2018: $132,662Net Income 2018: -$132,6622018Revenue 2019: $42,020Expenses 2019: $46,188Net Income 2019: -$4,1682019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Expenses 2022: $380,1452022

Highlighted filing

2018

Revenue$0
Expenses$132,662
Net Income-$132,662
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

Conducting and supporting research related to neurodegenerative diseases such as alzheimer's and parkinson's, and promoting health and positive outcomes and treatments for those suffering from such diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$516,975$384,313▼ $132,662
Cash and Non-Interest-Bearing Accounts$166,975--
Other Assets Total$350,000$760,000▲ $410,000
Total Assets$516,975$760,000▲ $243,025
Liabilities
Other Liabilities-$375,687-
Total Liabilities$0$375,687▲ $375,687
Net Assets / Fund Balance
Total Net Assets Fund Balance$516,975$384,313▼ $132,662
Total Liabilities and Net Assets / Fund Balance$516,975$760,000▲ $243,025

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$760,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul RemundPresident
Jason JonesSecretary
Paul SmootTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-132,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,457
Salaries, Compensation, and Employee Benefits$21,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$77,624-$77,624
Other Salaries and Wages-$18,555-$18,555
Office Expenses-$16,266-$16,266
Fees for Services Other$15,808--$15,808
Payroll Taxes-$2,650-$2,650
Advertising-$784-$784
Travel-$735-$735
Fees for Services Accounting-$240-$240
Total Functional Expenses$15,808$116,854$0$132,662
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 Liabilities$375,687
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Healthy Mind Foundation
EIN
81-4663358
Address
3267 E 3300 S 207, SALT LAKE CITY, UT 84109

Signing Officer

Name
Paul Remund
Title
President
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Remund
Formed
2016
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
0
Employees
1

Preparer

Firm
Adams & Petersen Cpas LLC
Address
1689 E 1400 S STE 100, CLEARFIELD, UT 84015-2267
Preparer
Steve Adams CPA
Phone
8017765241
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

HEALTHY MIND 15,808 0 0

Raw XML Appendix239 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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