Heart Mind Foundation FY2023 filing

Tax-deductible

Swannanoa, NC501(c)(3)Public & Societal BenefitEIN 47-1139341Revenue $136K in FY2023

On file with the IRSbuddhistgeeks.org14 Three J Ln, 28778-2643 · Swannanoa, NCTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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How can we serve the convergence of buddhism with technology and global culture?

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $4K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$136K
-50% vs prior year
Spent
$161K
To programs
87%
Net assets
$16K
By yearFY2020–FY2024
Revenue
$136K
FY2023▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$371K
FY2021$227K
FY2022$271K
FY2023$136K
FY2024$115K
Expenses
$161K
FY2023▼ -34%
Tap a bar for its year
Expenses by fiscal year
FY2020$245K
FY2021$359K
FY2022$245K
FY2023$161K
FY2024$92K
Net assets
$16K
FY2023▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2020$147K
FY2021$14K
FY2022$40K
FY2023$16K
FY2024$39K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $140K Management & general 9% · $14K Fundraising 4% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$21,304Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Financial of
$0Pt VII · Sec A

Vincent Horn’s $429 as President is at the 0th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Vincent Horn$429$21,304$35,311$60,646$54,256
Ryan Oelke——$9,738$26,905$13,937

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects Buddhism with technology and global culture.

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Provided by the organization

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1 program · $140K · in their own filed words · FY2023
01

Podcast in 2023 we continued to release new episodes of the freely offered buddhist geeks podcast,including 10 new episodes. In addition to the archived episodes, the buddhist geeks podcast, received a total of 164,032 podcast listens in 2023, making a combined 2.6 million listens from 2018 2023.

$140Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$136K
Ln 12
Gifts and grantsLn 1h$118K
Fees for servicesLn 2g$18K
Money outPt IX
$161K
Ln 25
Programscol B$140K
Managementcol C$14K
Fundraisingcol D$7K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$16K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$118K
Fees for servicesLn 2g$18K
Total revenueLn 12$136K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$16K
LiabilitiesLn 26$0
Net assetsLn 32$16K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$38K$14K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$40K$16K
LiabilitiesLn 26$0$0
Net assetsLn 32$40K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$21K$17K$2K$2K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$88K$88K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
Information technologyLn 14$16K$13K$2K$2K
TravelLn 17$9K$5K$5K
Depreciation, depletion and amortizationLn 22$808$808
InsuranceLn 23$6$6
Other expenses (24a–d)Ln 24$5K$4K$1K
All other expensesLn 24e$2K$323$1K
Total functional expensesLn 25$161K$140K$14K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $115K$92K$23K$39K 990 PDF
FY2023 Viewing $136K$161K−$24K$16K 990 PDF
FY2022 $271K$245K$26K$40K 990 PDF
FY2021 $227K$359K−$133K$14K 990 PDF
FY2020 $371K$245K$126K$147K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $136,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $253,471$117,770
I-9 Program service revenuePrior year $17,172$18,400
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $270,643$136,170
I-13 Grants and similar amounts paidPrior year $59$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $57,732$33,418
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $187,054$127,194
I-18 Total expensesPrior year $244,845$160,612
I-19 Revenue less expensesPrior year $25,798−$24,442
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $136,170 across 4 lines filed
VIII-1f All other contributions, gifts and grants$117,770
VIII-1h Total contributions, gifts and grants$117,770
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,400$18,400
VIII-12 Total revenueRelated to mission $18,400$136,170
Part IX · Statement of functional expenses $160,612 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $17,044 · Management $2,130 · Fundraising $2,130$21,304
IX-9 Other employee benefitsPrograms $10,133$10,133
IX-10 Payroll taxesPrograms $1,981$1,981
IX-11c Accounting feesManagement $2,073$2,073
IX-11g Other fees for servicesPrograms $88,163$88,163
IX-12 Advertising and promotionFundraising $3,104$3,104
IX-13 Office expensesManagement $1,691$1,691
IX-14 Information technologyPrograms $12,804 · Management $1,601 · Fundraising $1,601$16,006
IX-17 TravelPrograms $4,536 · Management $4,537$9,073
IX-22 Depreciation, depletion and amortizationPrograms $808$808
IX-23 InsuranceManagement $6$6
IX-24 Other expenses (24a–d)Programs $3,725 · Management $1,022$4,747
IX-24e All other expensesPrograms $323 · Management $1,200$1,523
IX-25 Total functional expensesPrograms $139,517 · Management $14,260 · Fundraising $6,835$160,612
Part X · Balance sheet $15,737 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $37,789$14,155
X-10c Land, buildings and equipment, netStart of year $2,390$1,582
X-16 Total assetsStart of year $40,179$15,737
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $40,179$15,737
X-32 Total net assets or fund balancesStart of year $40,179$15,737
X-33 Total liabilities and net assetsStart of year $40,179$15,737
Part XI · Reconciliation of net assets $15,737 net assets at year end
XI-1 Total revenue$136,170
XI-2 Total expenses$160,612
XI-3 Revenue less expenses−$24,442
XI-4 Net assets at start of year$40,179
XI-10 Net assets at end of year$15,737

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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