Modern Minds FY2020 filing

Tax-deductible

Mt Pleasant, SC501(c)(3)Mental HealthEIN 84-3549226Revenue $2.4M in FY2020

On file with the IRSmodern-minds.com1513 Mathis Ferry Rd, 29464-9734 · Mt Pleasant, SCTax-exempt since Jul 2022Hospital or medical research org — 170(b)(1)(A)(iii)

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Modern Minds is a mental health and wellbeing practice prioritizing therapy and whole-person health.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $189K a year · 6% 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.3M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$91K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$2.0M
To programs
70%
Net assets
$817K
By yearFY2020–FY2024
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.2M
FY2022$4.1M
FY2023$4.5M
FY2024$2.9M
Expenses
$2.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$4.4M
FY2023$3.7M
FY2024$3.8M
Net assets
$817K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$817K
FY2021$1.9M
FY2022$1.6M
FY2023$2.4M
FY2024$1.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jul 2022.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.4M Management & general 30% · $588K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Exec. Director/Pres.
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice-Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A

Mia Kyricos’s $325K as Interim Executive Director is at the 98th percentile of top reported officer pay among 1683 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Mia Kyricos$324,850——
Brian Durbin$214,973$190,331$160,458

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.

See Modern Minds executive salaries →

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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

Provides therapy and whole-person health services for mental wellbeing.

Provided by the organization

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1 program · $1.4M · in their own filed words · FY2020
01

Modern minds is committed to 1) providing empirically supported diagnostic evaluations AND/OR therapeutic treatments to our clients, 2) exploring and validating the engagement of holistic and complementary wellness strategies to enhance long term outcomes, and 3) evaluating the effectiveness of our model and methods in alleviating…

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$2.3M
Grants paid · 2 grants · $59K · 2022–2023

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$60K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$588K
Owns and owesPt X
$817K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$909K
LiabilitiesLn 26$91K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$60K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$189K
Cash and savings togetherLn 1–2$189K
Land, buildings, equipmentLn 10c$643K
Other assetsLn 15$6K
Total assetsLn 16$909K
LiabilitiesLn 26$91K
Net assetsLn 32$817K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$0$189K
Land, buildings, equipmentLn 10c$0$643K
Total assetsLn 16$416K$909K
LiabilitiesLn 26$0$91K
Net assetsLn 32$416K$817K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$271K$190K$81K
Legal feesLn 11b$41K$29K$12K
Accounting feesLn 11c$43K$30K$13K
Other fees for servicesLn 11g$149K$104K$45K
Advertising and promotionLn 12$66K$46K$20K
Office expensesLn 13$25K$18K$8K
Information technologyLn 14$133K$93K$40K
OccupancyLn 16$177K$124K$53K
TravelLn 17$21K$15K$6K
Depreciation, depletion and amortizationLn 22$72K$50K$22K
InsuranceLn 23$3K$2K$909
Other expenses (24a–d)Ln 24$957K$670K$287K
All other expensesLn 24e$1K$707$304
Total functional expensesLn 25$2.0M$1.4M$588K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$3.8M−$927K$1.4M 990 PDF
FY2023 $4.5M$3.7M$769K$2.4M 990 PDF
FY2022 $4.1M$4.4M−$272K$1.6M 990 PDF
FY2021 $3.2M$2.2M$972K$1.9M 990 PDF
FY2020 Viewing $2.4M$2.0M$401K$817K 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 FY2020 990 (6 parts)
Part I · Summary $2,360,165 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $669,920$2,300,000
I-9 Program service revenuePrior year $0$60,165
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $669,920$2,360,165
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $41,667$270,833
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $211,842$1,688,264
I-18 Total expensesPrior year $253,509$1,959,097
I-19 Revenue less expensesPrior year $416,411$401,068
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,360,165 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,300,000
VIII-1h Total contributions, gifts and grants$2,300,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,165$60,165
VIII-12 Total revenueRelated to mission $60,165 · Unrelated business $0 · Excluded from tax $0$2,360,165
Part IX · Statement of functional expenses $1,959,097 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $189,583 · Management $81,250$270,833
IX-11b Legal feesPrograms $28,670 · Management $12,287$40,957
IX-11c Accounting feesPrograms $30,205 · Management $12,945$43,150
IX-11g Other fees for servicesPrograms $104,431 · Management $44,756$149,187
IX-12 Advertising and promotionPrograms $46,024 · Management $19,725$65,749
IX-13 Office expensesPrograms $17,580 · Management $7,534$25,114
IX-14 Information technologyPrograms $93,183 · Management $39,935$133,118
IX-16 OccupancyPrograms $123,759 · Management $53,040$176,799
IX-17 TravelPrograms $15,006 · Management $6,431$21,437
IX-22 Depreciation, depletion and amortizationPrograms $50,368 · Management $21,586$71,954
IX-23 InsurancePrograms $2,121 · Management $909$3,030
IX-24 Other expenses (24a–d)Programs $669,731 · Management $287,027$956,758
IX-24e All other expensesPrograms $707 · Management $304$1,011
IX-25 Total functional expensesPrograms $1,371,368 · Management $587,729 · Fundraising $0$1,959,097
Part X · Balance sheet $908,689 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $0$188,559
X-4 Accounts receivableStart of year $0$7,640
X-9 Prepaid expenses and deferred chargesStart of year $0$22,392
X-10c Land, buildings and equipment, netStart of year $0$643,390
X-14 Intangible assetsStart of year $0$41,208
X-15 Other assetsStart of year $416,411$5,500
X-16 Total assetsStart of year $416,411$908,689
X-17 Accounts payable and accrued expensesStart of year $0$91,210
X-26 Total liabilitiesStart of year $0$91,210
X-32 Total net assets or fund balancesStart of year $416,411$817,479
X-33 Total liabilities and net assetsStart of year $416,411$908,689
Part XI · Reconciliation of net assets $817,479 net assets at year end
XI-1 Total revenue$2,360,165
XI-2 Total expenses$1,959,097
XI-3 Revenue less expenses$401,068
XI-4 Net assets at start of year$416,411
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$817,479

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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