Mindfulness and Positivity Project FY2023 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 2019Mental HealthEIN 83-4089433Revenue $200K in FY2023

On file with the IRSthempp.org117 S Wahsatch Ave, 80903-3615 · Colorado Spgs, COTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Offers workshops, retreats and courses for teachers, students, and parents to learn and practice mindfulness, positive psychology, and wellbeing.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$46K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $27K a year · 11% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $92K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
-20% vs prior year
Spent
$206K
To programs
65%
Net assets
$111K
By yearFY2020–FY2025
Revenue
$200K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$87K
FY2021$121K
FY2022$251K
FY2023$200K
FY2024$314K
FY2025$244K
Expenses
$206K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$224K
FY2023$206K
FY2024$213K
FY2025$259K
Net assets
$111K
FY2023▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$83K
FY2021$89K
FY2022$117K
FY2023$111K
FY2024$212K
FY2025$198K

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $135K Management & general 31% · $64K Fundraising 4% · $8K

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

8 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$45,800Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Margaret Fredrick’s $80K as Executive Director is at the 69th percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Margaret Fredrick$80,003$79,996$45,800$61,000$37,500
Jeff Kenefsky————$37,500
Jackie Melin————$7,000
Sheila Bee————$4,000

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 15aYes

Programs and updates

Teaches mindfulness, positive psychology, and wellbeing through workshops, retreats, and courses.

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Provided by the organization

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1 program · $135K · in their own filed words · FY2023
01

Provided workshops, retreats and courses for teachers, students, and parents to learn and practice mindfulness, positive psychology, and wellbeing.

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$179K
Fees for servicesLn 2g$19K
Investment incomeLn 3$3K
Money outPt IX
$206K
Ln 25
Programscol B$135K
Managementcol C$64K
Fundraisingcol D$8K
Owns and owesPt X
$111K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$111K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$179K
Fees for servicesLn 2g$19K
Investment incomeLn 3$3K
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$96K
Cash and savings togetherLn 1–2$111K
Total assetsLn 16$111K
LiabilitiesLn 26$0
Net assetsLn 32$111K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$117K$111K
Total assetsLn 16$117K$111K
LiabilitiesLn 26$0$0
Net assetsLn 32$117K$111K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$98K$52K$46K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$8K$8K
Other fees for servicesLn 11g$28K$23K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$8K$8K
Information technologyLn 14$6K$6K
InsuranceLn 23$748$748
Other expenses (24a–d)Ln 24$52K$52K
Total functional expensesLn 25$206K$135K$64K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $244K$259K−$15K$198K 990 PDF
FY2024 $314K$213K$101K$212K 990 PDF
FY2023 Viewing $200K$206K−$6K$111K 990 PDF
FY2022 $251K$224K$27K$117K 990 PDF
FY2021 $121K$89K 990 PDF
FY2020 $87K$83K 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 $200,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $242,716$178,953
I-9 Program service revenuePrior year $8,000$18,625
I-10 Investment incomePrior year $48$2,899
I-11 Other revenue$0
I-12 Total revenuePrior year $250,764$200,477
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$7,600
I-17 Other expensesPrior year $223,624$198,462
I-18 Total expensesPrior year $223,624$206,062
I-19 Revenue less expensesPrior year $27,140−$5,585
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $200,477 across 5 lines filed
VIII-1f All other contributions, gifts and grants$178,953
VIII-1h Total contributions, gifts and grants$178,953
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,625$18,625
VIII-3 Investment incomeRelated to mission $2,899$2,899
VIII-12 Total revenueRelated to mission $21,524 · Unrelated business $0 · Excluded from tax $0$200,477
Part IX · Statement of functional expenses $206,062 across 9 lines filed
IX-11a Management feesPrograms $51,700 · Management $45,800$97,500
IX-11c Accounting feesManagement $2,373$2,373
IX-11e Professional fundraising feesFundraising $7,600$7,600
IX-11g Other fees for servicesPrograms $22,799 · Management $5,637$28,436
IX-12 Advertising and promotionManagement $3,176$3,176
IX-13 Office expensesPrograms $8,007$8,007
IX-14 Information technologyManagement $6,022$6,022
IX-23 InsuranceManagement $748$748
IX-24 Other expenses (24a–d)Programs $52,200$52,200
IX-25 Total functional expensesPrograms $134,706 · Management $63,756 · Fundraising $7,600$206,062
Part X · Balance sheet $111,038 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $116,623$15,234
X-2 Savings and temporary cash investments$95,804
X-16 Total assetsStart of year $116,623$111,038
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $108,954$111,038
X-32 Total net assets or fund balancesStart of year $116,623$111,038
X-33 Total liabilities and net assetsStart of year $116,623$111,038
Part XI · Reconciliation of net assets $111,038 net assets at year end
XI-1 Total revenue$200,477
XI-2 Total expenses$206,062
XI-3 Revenue less expenses−$5,585
XI-4 Net assets at start of year$116,623
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$111,038

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

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