CENTER FOR THE CONTEMPLATIVE MIND IN SOCIETY INC

EIN: 311579912 501(c)(3) Arts, Culture & Humanities

Florence, MA

Total Revenue
$251,144
Total Expenses
$358,422
Total Assets
$252,875
Net Assets
$247,554
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
LILA MERESCHUK
Phone
4135820071
Tax Period
2021-01-01 to 2021-12-31

CENTER FOR THE CONTEMPLATIVE MIND IN SOCIETY INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $251K in total revenue in fiscal year 2021. Expenses of $358K exceeded revenue, resulting in a 43% operating deficit.

Mission

INTEGRATES CONTEMPLATIVE PRACTICES INTO HIGHER EDUCATION IN SERVICE OF A MORE JUST AND COMPASSIONATE SOCIETY

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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 (2021)

Revenue Breakdown

Contributions & Grants $111,640
Program Service Revenue $139,316
Investment Income $188
Other Revenue $0
TOTAL REVENUE $251,144

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,348
Fundraising Expenses $11,394
Program Expenses $275,689
Other Expenses $88,074
TOTAL EXPENSES $358,422

Year-over-Year Comparison

2021 2020 Change
Revenue $251,144 $250,877 +0.0%
Expenses $358,422 $346,967 +0.0%
Net Income $-107,278 $-96,090 +0.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
N/A

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
$87,500
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lila Mereschuk Executive Director 040.00
Officer Highest
$87,500 $0 $87,500
Joe Belluck Director 002.00
Director
$0 $0 $0
Michelle Chatman Chair 002.00
Officer Director
$0 $0 $0
Mirabai Bush Ex Officio 002.00
Director
$0 $0 $0
N/A Treasurer 002.00
Officer Director
$0 $0 $0
Lenwood Hayman Vice Chair 002.00
Officer Director
$0 $0 $0
Stephanie Briggs Director 002.00
Director
$0 $0 $0
Rick Chess Director 002.00
Director
$0 $0 $0
Vaishali Mamgain Director 002.00
Director
$0 $0 $0
Alberto Pulido Director 002.00
Director
$0 $0 $0
Ameena Batada Director 002.00
Director
$0 $0 $0
Amy Pucino Director 002.00
Director
$0 $0 $0
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
2021 $251,144 $358,422 $252,875 $-107,278
2020 $250,877 $346,967 $363,508 $-96,090
2019 $416,727 $489,425 $491,919 $-72,698
2018 $467,234 $547,589 $566,182 $-80,355
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