Openminds Foundation EIN 88-4179016 Form 990 (PDF) Claim this org

Openminds Foundation

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Provides affordable mental health care for local youth and families. For fiscal year 2025 it reported $810K in revenue, $647K in expenses, and $217K in net assets.Pt I

Founded
2022
Type
Hospital · Mental Health
Location
Santa Barbara, CA
Website
www.openminds.clinic
Filings
3 on file (2023–2025)
Revenue
$810KFY2025
Expenses
$647K
Net assets
$217K
People
2
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-4179016 Hospital Santa Barbara, CA Founded 2022
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides affordable mental health care for local youth and families.
Leadership
Joseph Fleming · Executive Director
Money in and out
$810K revenue, $647K expenses
Bottom line
+20% operating surplus
Financial scale & money flow · FY2025
Total revenue
$810K
Pt VIII · Ln 12
Total expenses
$647K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $163K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.34 Fundraising $0.04
Operating surplus
+20%
revenue over expenses, this legal entity▲ +92% vs prior filing year
Payroll share
78%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
62%
of expenses reach program services▲ +89% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$810K
FY2025▲ +93%
Expenses
$647K
FY2025▲ +72%
Total assets
$224K
FY2025▲ +255%
Total liabilities
$7K
FY2025
Total revenue
$810K
Pt VIII · Ln 12
Total expenses
$647K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$163K
Total assetsPt X · Ln 16$224K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpenminds Foundation
EINHdr · item D88-4179016
Principal addressHdr · item CSanta Barbara, CA
WebsiteHdr · item Jwww.openminds.clinic
Year of formationHdr · item L2022
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F32)
Ruling yearIRS BMFDec 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Clinicial Director
$0Pt VII · Sec A

Alessandra Fleming’s $53K as Clinical Director is at the 39th percentile of top reported officer pay among 2095 $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 · 6 named individuals · Part VII

NameFY2024FY2023
Alessandra Fleming$52,945$4,937
Victoria Brier$47,906$5,932
Joseph Fleming$43,626$1,800
Marianna Herzog$29,011
Christina Cortez$11,837$22,876
Steven Polchinski$11,726

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

1 program service account for $385K of program spending, described in the organization's own filed words · FY2025.
01

Therapy Services including Individual Family Psychological Assessments

$385Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$492K · 61%
Contributions & grants$318K · 39%
Program service revenue61%$492K
Contributions & grants39%$318K
Other revenue$390
Total revenueLn 12$810K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.34 Fundraising $0.04
Program services62%$398K
Management & general34%$222K
Fundraising4%$27K
Total functional expensesLn 25$647K

Balance Sheet

Part X · end of year
CashLn 1$188K
Total assetsLn 16$224K
Total liabilitiesLn 26$7K
Total net assetsLn 32$217K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $188K · Operating expenses/yr $647K
3.5 months
Where the money goes
Program services
Program services $398K · Total expenses $647K
62%
Management & General
Management & general $222K · Total expenses $647K
34%
Fundraising
Fundraising $27K · Total expenses $647K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $189K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $318K · Total revenue $810K
39%
Government reliance
Government grants $0 · Total revenue $810K
0%
Earned-income share
Program service revenue $492K · Total revenue $810K
61%
Investment reliance
Investment income $0 · Total revenue $810K
0%
Program self-sufficiency
Program service revenue $492K · Total expenses $647K
76%
Growth & trend
Revenue growth (YoY)
This year $810K · Prior year $419K
+93%
Net-asset trend (YoY)
End of year $217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $810K · Expenses $647K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $224K
Net-asset ratio
Net assets $217K · Total assets $224K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $224K
0%
People & payroll
Highest Reported Total Compensation
Individual Joseph Fleming · Reported title Executive Director · Highest reported compensation $0 · Total expenses $647K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $502K · Total expenses $647K
78%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 34%
Fundraising cost ratio 8%
Revenue growth 93%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$170K
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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
FY2025 (Latest)$810K revenue · viewing · ⤓ 990 PDF
FY2024$419K revenue · ⤓ 990 PDF
FY2023$40K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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