Mind Body Solutions EIN 46-0469916 Form 990 (PDF) Claim this org

Mind Body Solutions FY2022 filing

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Heals trauma and disability by connecting mind and body. For fiscal year 2022 it reported $244K in revenue, $380K in expenses, and $798K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Orono, MN
Website
www.mindbodysolutions.org
Filings
5 on file (2020–2022)
Revenue
$244KFY2022
Expenses
$380K
Net assets
$798K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0469916 Public charity (501(c)(3)) Orono, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Heals trauma and disability by connecting mind and body.
Leadership
Matthew Sanford · Board Member, Founder · $45K
Money in and out
$244K revenue, $380K expenses
Bottom line
63% program efficiency
Where the money goes · FY2022
Total revenue
$244K
Pt VIII · Ln 12
Total expenses
$380K
Pt IX · Ln 25
Net assets
$798K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$136K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.23 Fundraising $0.15
Program efficiency
63%
of spending reaches programs
Operating runway
23.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-56%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$244K
FY2022▼ -49%
Expenses
$380K
FY2022▼ -6%
Total assets
$801K
FY2022▼ -15%
Total liabilities
$2K
FY2022▼ -38%
Total revenue
$244K
Pt VIII · Ln 12
Total expenses
$380K
Pt IX · Ln 25
Net assets
$798K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$136K
Total assetsPt X · Ln 16$801K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMind Body Solutions
EINHdr · item D46-0469916
Principal addressHdr · item COrono, MN
WebsiteHdr · item Jwww.mindbodysolutions.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P50)
Ruling yearIRS BMFJan 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member, Founder
$44,909Pt VII · Sec A
Secretary
$8,525Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Matthew Sanford’s $13K as Board Member, Founder is at the 6th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Matthew Sanford$44,909$46,544$50,000
Matthew Sanford$12,558
Rob Ley$8,525$7,750$9,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $239K of program spending, described in the organization's own filed words · FY2022.
01

Adaptive yoga classes for individuals living with disabilities. Includes training provided to those wishing to teach adaptive yoga in their own communities.

$181Kprogram expense
02

Seminars and workshops to educate healthcare professionals who are exploring yoga as a complementary healthcare treatment.

$47Kprogram expense
03

Operations of a yoga studio offering regularly scheduled weekly classes and workshops. Includes sales of books, DVD's, and clothing.

$11Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$207K · 85%
Program service revenue$31K · 13%
Investment income$5K · 2%
Contributions & grants85%$207K
Program service revenue13%$31K
Investment income2%$5K
Other revenue$720
Total revenueLn 12$244K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.23 Fundraising $0.15
Program services63%$239K
Management & general23%$86K
Fundraising15%$55K
Total functional expensesLn 25$380K

Balance Sheet

Part X · end of year
CashLn 1$738K
Total assetsLn 16$801K
Total liabilitiesLn 26$2K
Total net assetsLn 32$798K
Months of cash on handcomputed23.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $738K · Operating expenses/yr $380K
23.3 months
Where the money goes
Program services
Program services $239K · Total expenses $380K
63%
Management & General
Management & general $86K · Total expenses $380K
23%
Fundraising
Fundraising $55K · Total expenses $380K
15%
Cost to raise $1
Fundraising expense (3-yr avg) $56K · Solicited contributions (3-yr avg) $320K
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $207K · Total revenue $244K
85%
Government reliance
Government grants — · Total revenue $244K
Earned-income share
Program service revenue $31K · Total revenue $244K
13%
Investment reliance
Investment income $5K · Total revenue $244K
+2%
Program self-sufficiency
Program service revenue $31K · Total expenses $380K
8%
Growth & trend
Revenue growth (YoY)
This year $244K · Prior year $479K
-49%
Net-asset trend (YoY)
End of year $798K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $244K · Expenses $380K
-56%
Liabilities-to-Assets
Total liabilities — · Total assets $801K
Net-asset ratio
Net assets $798K · Total assets $801K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $801K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew Sanford · Reported title Board Member, Founder · Highest reported compensation $45K · Total expenses $380K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $286K · Total expenses $380K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 23%
Fundraising cost ratio 27%
Revenue growth -49%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $10K · 2020–2020
Unitemized GrantFY2020$9,727

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$238K revenue · ⤓ 990 PDF
FY2023$191K revenue · ⤓ 990 PDF
FY2022$244K revenue · viewing · ⤓ 990 PDF
FY2021$479K revenue · ⤓ 990 PDF
FY2020$577K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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