SCIENCE OF MIND FOUNDATION INC

EIN: 270231514 501(c)(3) Religion

LAKEWOOD, CO

Total Revenue
$314,732
Total Expenses
$345,955
Total Assets
$7,000,978
Net Assets
$5,108,292
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CO
Principal Officer
MICHAEL SCHLUT
Phone
7202791629
Tax Period
2025-01-01 to 2025-12-31

SCIENCE OF MIND FOUNDATION INC, founded in 2009, is a small nonprofit in the Religion sector that reported $315K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $5.1M represent 195 months of operating reserves.

Mission

TO PROMOTE, RAISE FUNDS, MAINTAIN, AND OPERATE AN ENDOWMENT FUND FOR THE ADVANCEMENT OF AWARENESS AND UNDERSTANDING OF THE PHILOSOPHY OF THE SCIENCE OF MIND GLOBALLY. IT DOES THIS THROUGH THE FINANCIAL SUPPORT OF 501(C)(3) NONPROFIT ORGANIZATIONS THAT ADVANCE AND/OR PROMOTE THE PRINCIPALS AND PHILOSOPHY OF THE SCIENCE OF MIND. THESE ORGANIZATIONS INCLUDE, BUT ARE NOT LIMITED TO, THE CENTERS FOR SPIRITUAL LIVING (CSL) AND INSTITUTIONS, CHURCHES, ORGANIZATIONS, AND STUDY GROUPS.

Program Service Accomplishments

Program 1
Expenses: $13,277 Revenue: $22,381

PROVIDE SUPPORT TO ORGANIZATIONS THAT HAVE DEMONSTRATED THAT THEIR ACTIONS ARE IN ALIGNMENT WITH THE FOUNDATION'S PURPOSE OF PROMOTING THE PRINCIPLES AND PHILOSOPHY OF SCIENCE OF MIND THROUGHOUT THE...

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PROVIDE SUPPORT TO ORGANIZATIONS THAT HAVE DEMONSTRATED THAT THEIR ACTIONS ARE IN ALIGNMENT WITH THE FOUNDATION'S PURPOSE OF PROMOTING THE PRINCIPLES AND PHILOSOPHY OF SCIENCE OF MIND THROUGHOUT THE WORLD.

Program 2
Expenses: $132,940

PROVIDES EDUCATION AND TRAINING TO PERSONNEL OF CENTERS FOR SPIRITUAL LIVING AFFILIATED MEMBERS IN IMPLEMENTING ENDOWMENT AND PLANNED GIVING PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $150,000
Program Service Revenue $22,381
Investment Income $142,351
Other Revenue $0
TOTAL REVENUE $314,732

Expense Breakdown

Grants Paid $13,277
Salaries & Benefits $113,805
Fundraising Expenses $45,065
Program Expenses $146,217
Other Expenses $218,873
TOTAL EXPENSES $345,955

Year-over-Year Comparison

2025 2024 Change
Revenue $314,732 $415,517 -0.2%
Expenses $345,955 $270,022 +0.3%
Net Income $-31,223 $145,495 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$87,408
Total Directors
8
$203,475
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SCHLUT DIR. OF PHIL 20.00
Officer
$43,500 $2,808 $87,408
NANCY LOSHKAJIAN PRESIDENT 1.00
Officer Director
$0 $0 $0
REVEREND DR KENN GORDON VP/SECRETARY 1.00
Officer Director
$0 $0 $0
REVEREND SUNSHINE DAYE TREASURER 1.00
Officer Director
$0 $0 $0
SHEILA ELLIAN LEWIS DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH C FINKEL RSCP DIRECTOR 1.00
Director
$0 $0 $0
DR SUSAN SMITH DIRECTOR 1.00
Director
$0 $0 $78,808
JUSTIN ARBUTHNOT DIRECTOR 1.00
Director
$0 $0 $0
DR TYE MINCKLER MBA CMA DIRECTOR 1.00
Director
$0 $0 $124,667
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $314,732 $345,955 $7,000,978 $-31,223
2024 $415,517 $270,022 $6,288,442 $145,495
2023 $340,058 $325,635 $6,289,102 $14,423
2022 $346,792 $395,128 $5,954,476 $-48,336
2021 $658,764 $324,969 $8,038,241 $333,795
2020 $659,717 $397,517 $5,580,939 $262,200
2019 $544,441 $397,144 $4,564,164 $147,297
2018 $672,905 $560,492 $3,865,761 $112,413
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