Modern Minds FY2021 filing

Tax-deductible

Mt Pleasant, SC501(c)(3)Mental HealthEIN 84-3549226Revenue $3.2M in FY2021

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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 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
$49K
3% of total assets
Looks good: liabilities are 3% 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
$3.2M
+34% vs prior year
Spent
$2.2M
To programs
80%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$3.2M
FY2021▲ +34%
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
$2.2M
FY2021▲ +12%
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
$1.9M
FY2021▲ +129%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

80 cents of each dollar spent went to programs.

Program services 80% · $1.8M Management & general 20% · $441K

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
Exec. Director/President
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice-Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

Questions for Modern Minds

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2021
01

Therapy and Wellness Navigation

Modern minds provides working-age adults with weekly therapy sessions and wellness navigation that may include a variety of other integrative services, including medication management, nutritional counseling, fitness plans, and mindfulness classes.

$1.8Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$328K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$441K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$1.9M
LiabilitiesLn 26$49K
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$2.8M
Noncash giftsLn 1g$936K
Fees for servicesLn 2g$328K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$391K
Cash and savings togetherLn 1–2$391K
Land, buildings, equipmentLn 10c$638K
Other assetsLn 15$6K
Total assetsLn 16$1.9M
LiabilitiesLn 26$49K
Net assetsLn 32$1.9M
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 FY21End FY21
Cash and savingsLn 1–2$189K$391K
Land, buildings, equipmentLn 10c$643K$638K
Total assetsLn 16$909K$1.9M
LiabilitiesLn 26$91K$49K
Net assetsLn 32$817K$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$53K$53K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$1.6M$1.3M$290K
Advertising and promotionLn 12$67K$67K
Office expensesLn 13$40K$29K$10K
Information technologyLn 14$106K$90K$16K
OccupancyLn 16$195K$165K$29K
TravelLn 17$26K$22K$4K
Depreciation, depletion and amortizationLn 22$72K$61K$11K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$19K$17K$2K
Total functional expensesLn 25$2.2M$1.8M$441K$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 Viewing $3.2M$2.2M$972K$1.9M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $3,163,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,300,000$2,836,000
I-9 Program service revenuePrior year $60,165$327,519
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,360,165$3,163,519
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 $270,833$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,688,264$2,191,223
I-18 Total expensesPrior year $1,959,097$2,191,223
I-19 Revenue less expensesPrior year $401,068$972,296
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,163,519 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,836,000
VIII-1g Noncash contributions (included above)$936,000
VIII-1h Total contributions, gifts and grants$2,836,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $327,519$327,519
VIII-12 Total revenueRelated to mission $327,519 · Unrelated business $0 · Excluded from tax $0$3,163,519
Part IX · Statement of functional expenses $2,191,223 across 11 lines filed
IX-11b Legal feesManagement $52,522$52,522
IX-11c Accounting feesManagement $26,450$26,450
IX-11g Other fees for servicesPrograms $1,293,345 · Management $290,048$1,583,393
IX-12 Advertising and promotionPrograms $66,668$66,668
IX-13 Office expensesPrograms $29,444 · Management $10,315$39,759
IX-14 Information technologyPrograms $90,137 · Management $15,906$106,043
IX-16 OccupancyPrograms $165,462 · Management $29,200$194,662
IX-17 TravelPrograms $21,676 · Management $3,825$25,501
IX-22 Depreciation, depletion and amortizationPrograms $61,161 · Management $10,793$71,954
IX-23 InsurancePrograms $5,371$5,371
IX-24 Other expenses (24a–d)Programs $16,739 · Management $2,161$18,900
IX-25 Total functional expensesPrograms $1,750,003 · Management $441,220 · Fundraising $0$2,191,223
Part X · Balance sheet $1,923,138 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $188,559$391,404
X-4 Accounts receivableStart of year $7,640$29,610
X-9 Prepaid expenses and deferred chargesStart of year $22,392$31,278
X-10c Land, buildings and equipment, netStart of year $643,390$638,283
X-14 Intangible assetsStart of year $41,208$827,063
X-15 Other assetsStart of year $5,500$5,500
X-16 Total assetsStart of year $908,689$1,923,138
X-17 Accounts payable and accrued expensesStart of year $91,210$49,330
X-26 Total liabilitiesStart of year $91,210$49,330
X-32 Total net assets or fund balancesStart of year $817,479$1,873,808
X-33 Total liabilities and net assetsStart of year $908,689$1,923,138
Part XI · Reconciliation of net assets $1,873,808 net assets at year end
XI-1 Total revenue$3,163,519
XI-2 Total expenses$2,191,223
XI-3 Revenue less expenses$972,296
XI-4 Net assets at start of year$817,479
XI-8 Prior period adjustments$84,033
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,873,808

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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