MIND & LIFE INSTITUTE

EIN: 770284767 501(c)(3) Human Services

CHARLOTTESVILLE, VA

Total Revenue
$3,458,858
Total Expenses
$3,250,344
Total Assets
$9,223,026
Net Assets
$8,325,682
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
SUZANNE BOND
Phone
4349390001
Tax Period
2024-01-01 to 2024-12-31

MIND & LIFE INSTITUTE, founded in 1991, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $3.3M left a modest 6% surplus.

Mission

BRIDGING SCIENCE AND CONTEMPLATIVE WISDOM TO FOSTER INSIGHT AND INSPIRE ACTION TOWARD FLOURISHING.

Program Service Accomplishments

Program 1
Expenses: $474,860 Revenue: $185,645

RESEARCH INSTITUTES: IN 2024, THE MIND & LIFE SUMMER RESEARCH INSTITUTE (SRI) RETURNED TO THE GARRISON INSTITUTE IN UPSTATE NEW YORK UNDER THE THEME "AWAKENING COMPASSION IN TIMES OF DIVISION." THE...

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RESEARCH INSTITUTES: IN 2024, THE MIND & LIFE SUMMER RESEARCH INSTITUTE (SRI) RETURNED TO THE GARRISON INSTITUTE IN UPSTATE NEW YORK UNDER THE THEME "AWAKENING COMPASSION IN TIMES OF DIVISION." THE WEEKLONG PROGRAM EXPLORED HOW COMPASSION CAN BRIDGE DIVIDES AT PERSONAL, INTERPERSONAL, AND SOCIETAL LEVELS. OVER 140 PARTICIPANTS FROM 19 COUNTRIES INCLUDING SCHOLARS, SCIENTISTS, CONTEMPLATIVES, AND CHANGEMAKERS - GATHERED FOR DIALOGUE, CONTEMPLATIVE PRACTICE, AND COLLABORATIVE INQUIRY. THE EVENT FEATURED A DIVERSE FACULTY AND ENGAGED THE PARTICIPATION OF FIVE TIBETAN MONASTICS, DEEPENING INTERRELIGIOUS AND INTERCULTURAL PERSPECTIVES ON COMPASSION IN ACTION. MORE THAN HALF OF ATTENDEES IDENTIFIED AS BLACK, INDIGENOUS, OR PEOPLE OF COLOR, UNDERSCORING MIND & LIFE'S COMMITMENT TO INCLUSION AND ACCESSIBILITY. PARTICIPANT SURVEYS DESCRIBED SRI 2024 AS "TRANSFORMATIVE," HIGHLIGHTING ITS IMPACT ON BOTH PROFESSIONAL DEVELOPMENT AND PERSONAL INSIGHT.

Program 2
Expenses: $636,099 Revenue: $523,731

GRANT PROGRAMS: IN 2024, MIND & LIFE OFFERED TWO MAJOR GRANT PROGRAMS - THE VARELA GRANTS AND PEACE GRANTS - CONTINUING TO SUPPORT PIONEERING CONTEMPLATIVE RESEARCH AROUND THE GLOBE. * THE FRANCISCO...

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GRANT PROGRAMS: IN 2024, MIND & LIFE OFFERED TWO MAJOR GRANT PROGRAMS - THE VARELA GRANTS AND PEACE GRANTS - CONTINUING TO SUPPORT PIONEERING CONTEMPLATIVE RESEARCH AROUND THE GLOBE. * THE FRANCISCO J. VARELA GRANTS CELEBRATED THEIR 20TH ANNIVERSARY, AWARDING 10 NEW GRANTS TOTALING $222,900 ACROSS 28 COUNTRIES. PROJECTS EXAMINED TOPICS SUCH AS RACIAL EMPATHY, COMPASSION-BASED THERAPY AMONG LATINE COMMUNITIES, AND INDIGENOUS CONTEMPLATIVE SCIENCE IN ECUADOR. * THE PEACE GRANTS SUPPORTED TWO RESEARCH PROJECTS FOCUSED ON COMPASSION FATIGUE MITIGATION IN CONFLICT ZONES AND MINDFULNESS-BASED LEADERSHIP INTERVENTIONS IN EDUCATION, ADVANCING SCIENTIFIC UNDERSTANDING OF PROSOCIALITY, EMPATHY, AND ETHICS.

Program 3
Expenses: $527,003 Revenue: $136,170

MIND & LIFE PODCAST:IN 2024, THE MIND & LIFE PODCAST, HOSTED BY SCIENCE DIRECTOR WENDY HASENKAMP, SURPASSED ONE MILLION LIFETIME DOWNLOADS AND RELEASED 12 NEW EPISODES. TOPICS RANGED FROM EMOTIONAL...

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MIND & LIFE PODCAST:IN 2024, THE MIND & LIFE PODCAST, HOSTED BY SCIENCE DIRECTOR WENDY HASENKAMP, SURPASSED ONE MILLION LIFETIME DOWNLOADS AND RELEASED 12 NEW EPISODES. TOPICS RANGED FROM EMOTIONAL INTELLIGENCE AND CLIMATE TRAUMA TO ETHICAL LEADERSHIP, FURTHER BRIDGING CONTEMPLATIVE WISDOM AND MODERN SCIENCE. LISTENERS FROM AROUND THE WORLD CONTINUED TO DESCRIBE THE PODCAST AS A "SPACE OF REFUGE AND AN ESSENTIAL RESOURCE FOR UNDERSTANDING MINDFULNESS IN EVERYDAY LIFE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,747,182
Program Service Revenue $45,808
Investment Income $628,052
Other Revenue $37,816
TOTAL REVENUE $3,458,858

Expense Breakdown

Grants Paid $431,164
Salaries & Benefits $1,745,507
Fundraising Expenses $312,004
Program Expenses $2,325,530
Other Expenses $1,073,673
TOTAL EXPENSES $3,250,344

Year-over-Year Comparison

2024 2023 Change
Revenue $3,458,858 $3,884,543 -0.1%
Expenses $3,250,344 $3,673,658 -0.1%
Net Income $208,514 $210,885 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
20
Volunteers
52

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
$305,650
Total Directors
13
$305,650
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY HERSHEY DIRECTOR 1.25
Director
$0 $0 $0
AARON STERN DIRECTOR 1.25
Director
$0 $0 $0
LISETTE COOPER DIRECTOR 1.25
Director
$0 $0 $0
SONA DIMIDJIAN DIRECTOR 1.25
Director
$0 $0 $0
JACK KORNFIELD DIRECTOR 1.25
Director
$0 $0 $0
OWSLEY BROWN III DIRECTOR 1.25
Director
$0 $0 $0
CONSTANCE KEMMERER DIRECTOR 1.25
Director
$0 $0 $0
MICHAEL POTTS DIRECTOR 1.25
Director
$0 $0 $0
ED TAYLOR DIRECTOR 1.25
Director
$0 $0 $0
THUPTEN JINPA LANGRI CHAIR OF BOARD 2.50
Officer Director
$40,000 $0 $40,000
CAROLYN JACOBS SECRETARY 2.50
Officer Director
$0 $0 $0
MARTIN DAVIDSON VICE CHAIR AND TREASURER 2.50
Officer Director
$0 $0 $0
SUZANNE BOND PRESIDENT 40.00
Officer Director
$256,795 $8,855 $265,650
ROSALYN STAGG DIRECTOR OF ADVANCEMENT 40.00
Highest
$131,779 $15,197 $146,976
SHELIA KINKADE STORYTELLER/CONTENT STRATEGIST 40.00
Highest
$108,705 $20,777 $129,482
KRISTA WEIH DIRECTOR OF GRANTS & EVENT 40.00
Highest
$140,879 $11,861 $152,740
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
2024 $3,458,858 $3,250,344 $9,223,026 $208,514
2023 $3,884,543 $3,673,658 $9,115,144 $210,885
2022 $3,320,239 $3,755,763 $8,595,479 $-435,524
2021 $5,063,751 $3,222,964 $10,037,349 $1,840,787
2020 $3,024,838 $3,140,855 $8,762,731 $-116,017
2019 $3,668,821 $3,366,927 $9,160,321 $301,894
2018 $5,223,481 $4,119,398 $6,951,770 $1,104,083
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