Civic Intelligence

Open Mind Collective

990 • Fiscal year 2023 • EIN 92-0801830

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 15, 2024

4093 24th StreetSan Francisco, CA 94114

(415) 872-2404

Siviq Scores

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

Liabilities / Assets

99th percentile

7.58x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

0.88x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

7th percentile

-76%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$19,693

Up $19,693 from 2022

Net Assets

Down

-$129,623

Down $129,623 from 2022

Liabilities

Up

$149,316

Up $149,316 from 2022

Revenue

Up

$169,458

Up $169,458 from 2022

Expenses

Up

$299,081

Up $299,081 from 2022

Net Income

Down

-$129,623

Down $129,623 from 2022

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $19,693Liabilities 2023: $149,316Net Assets 2023: -$129,6232023Assets 2024: $11,069Liabilities 2024: $108,316Net Assets 2024: -$97,2472024

Highlighted filing

2023

Assets$19,693
Liabilities$149,316
Net Assets-$129,623

Operations Trend

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

$400K$200K$0-$200KRevenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $169,458Expenses 2023: $299,081Net Income 2023: -$129,6232023Revenue 2024: $108,333Expenses 2024: $75,957Net Income 2024: $32,3762024

Highlighted filing

2023

Revenue$169,458
Expenses$299,081
Net Income-$129,623
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 15, 2024
Return Version
2023v5.1
Gross Receipts
$169,458
Mission and Program Overview

Mission

Our mission is to conduct research, teach, and provide direct care using psychedelic medicine and other means to heal the minds and hearts of traumatized and vulnerable individuals and communities, alleviating transgenerational suffering.

Our mission is to conduct research, teach, and provide direct care using psychedelic medicine and other means to heal the minds and hearts of traumatized and vulnerable individuals and communities, alleviating transgener

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$10,821-
Savings and Temporary Cash Investments-$5-
Rtn Earn Endowment Incm Other Fnds-$-129,623-
Total Assets$0$19,693▲ $19,693
Other Assets Total-$8,867-
Liabilities
Accounts Payable and Accrued Expenses-$100,906-
Other Liabilities-$48,410-
Total Liabilities$0$149,316▲ $149,316
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-129,623▼ $129,623
Total Liabilities and Net Assets / Fund Balance$0$19,693▲ $19,693

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,867--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sidney EdsallPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$131,750
Program Service Revenue
$37,708
Investment Income
$0
Other Revenue
$0
All Other Contributions
$131,750
Change in Net Assets
$-129,623

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$130,000
Total Noncash Contributions1$130,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$216,793
Other Expenses$82,288
Total Fundraising Expense$1,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$155,000-$155,000
Other Salaries and Wages-$61,793-$61,793
Occupancy$60,000--$60,000
Office Expenses$20,642--$20,642
Other Expenses--$1,211$1,211
Insurance$435--$435
Total Functional Expenses$81,077$216,793$1,211$299,081
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$25,000
Federal income taxes$23,410
Salary payable-
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
Filing and Contact Details

Filer

Filer Name
Open Mind Collective
EIN
92-0801830
Address
4093 24th Street, San Francisco, CA 94114

Signing Officer

Name
Sidney Edsall
Title
President
Signed
2024-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sidney Edsall
Formed
2022
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
2

Preparer

Firm
BF Tax Services
Address
2423 27th AVE, San Francisco, CA 94116
Preparer
Boris Fudym
Phone
4156618817
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Our mission is to conduct research, teach, and provide direct care using psychedelic medicine and other means to heal the minds and hearts of traumatized and vulnerable individuals and communities, alleviating transgenerational suffering.

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