FOUNDATION FOR A MINDFUL SOCIETY INC

EIN: 453628971 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$233,962
Total Expenses
$195,667
Total Assets
$109,560
Net Assets
$74,748
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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
2011
Legal Domicile
DE
Principal Officer
TERRY RUDDERHAM
Phone
2129671100
Tax Period
2022-01-01 to 2022-12-31

FOUNDATION FOR A MINDFUL SOCIETY INC, founded in 2011, is a small nonprofit in the Health Care sector that reported $234K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $38K, a strong 16% operating margin.

Mission

PROMOTES MINDFULNESS AND ITS BENEFITS FOR INDIVIDUALS, INSTITUTIONS, AND SOCIETY. ADDITIONALLY, SUPPORTS THE WORK OF ORGANIZATIONS, COMMUNITIES, AND INDIVIDUALS COMMITTED TO GENUINE MINDFULNESS PRACTICES, WITHOUT BIAS OR FAVORITISM, AND CONNECTS THEM SO THAT THE COMMUNITY CAN BECOME AN EFFECTIVE, POSITIVE FORCE IN SOCIETY. INTRODUCES THE PRACTICE AND BENEFITS OF MINDFULNESS TO NEW AND EXPANDING AUDIENCES AND IS COMMITTED TO THE GOAL OF A MORE MINDFUL AND CARING SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $168,747

DELIVERED CONSULTING AND SUPPORT SERVICES TO CITIES IN OUR MINDFUL CITIES INITIATIVE; DEVELOPED MINDFUL THOUGHT LEADERSHIP PROGRAMMING AND PODCASTING; CONVENED BOARD AND TEAM CONVERSATIONS FOR...

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DELIVERED CONSULTING AND SUPPORT SERVICES TO CITIES IN OUR MINDFUL CITIES INITIATIVE; DEVELOPED MINDFUL THOUGHT LEADERSHIP PROGRAMMING AND PODCASTING; CONVENED BOARD AND TEAM CONVERSATIONS FOR DIVERSITY 2022/2023 PROGRAM FOCUS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $233,962
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,962

Expense Breakdown

Grants Paid $2,195
Salaries & Benefits $40,825
Fundraising Expenses $0
Program Expenses $168,747
Other Expenses $152,647
TOTAL EXPENSES $195,667

Year-over-Year Comparison

2022 2021 Change
Revenue $233,962 $196,928 +0.2%
Expenses $195,667 $132,108 +0.5%
Net Income $38,295 $64,820 -0.4%
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
4
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$40,825
Total Directors
4
$40,825
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM GIMIAN PRESIDENT & TREASURER 40.00
Officer Director
$39,612 $1,213 $40,825
BARRY BOYCE CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE GALE SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT CHENDER TRUSTEE 1.00
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
2022 $233,962 $195,667 $109,560 $38,295
2021 $196,928 $132,108 $138,285 $64,820
2020 $1,373,793 $1,653,178 $67,227 $-279,385
2019 $3,177,980 $3,143,172 $684,773 $34,808
2018 $2,736,079 $3,077,339 $563,359 $-341,260
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