PROJECT HEALTHY MINDS

EIN: 823616589 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$4,069,324
Total Expenses
$3,703,388
Total Assets
$4,754,098
Net Assets
$4,536,079
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
PA
Principal Officer
ALEXANDER JILLA
Phone
7327579620
Tax Period
2024-01-01 to 2024-12-31

PROJECT HEALTHY MINDS, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 9% surplus.

Mission

PROJECT HEALTHY MINDS IS A NEW MILLENNIAL /GEN Z-DRIVEN NON-PROFIT STARTUP FOCUSED ON TACKLING ONE OF THE DEFINING ISSUES OF OUR GENERATION: THE GROWING MENTAL HEALTH CRISIS

Program Service Accomplishments

Program 1
Expenses: $2,349,893 Revenue: $36,500

PROJECT HEALTHY MINDS HAS ACCOMPLISHED MANY THINGS DURING THE COURSE OF 2024. SOME OF THE HIGHLIGHTS ARE AS FOLLOWS:1. WE CONTINUED TO SERVE THOUSANDS OF AMERICANS THROUGH OUR DIGITAL PLATFORM BY...

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PROJECT HEALTHY MINDS HAS ACCOMPLISHED MANY THINGS DURING THE COURSE OF 2024. SOME OF THE HIGHLIGHTS ARE AS FOLLOWS:1. WE CONTINUED TO SERVE THOUSANDS OF AMERICANS THROUGH OUR DIGITAL PLATFORM BY CONNECTING THEM TO LIFE-SAVING MENTAL HEALTH SERVICES.2. WE CONTINUED TO SCALE OUR SIGNATURE ANTI-STIGMA/ADVOCACY PROGRAM - PRODUCING THE LARGEST FESTIVAL IN THE WORLD FOR WORLD MENTAL HEALTH DAY FEATURING DEMI LOVATO, GOVERNOR KATHY HOCHUL, ABC'S LINSEY DAVIS, ANDY DUNN, JULIE RICE, AND MORE.3. WE GREW OUR CORPORATE ADVOCACY PROGRAM - WORKING WITH COMPANIES TO LAUNCH NEW PROGRAMS TO IMPROVE WORKFORCE MENTAL HEALTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,620,999
Program Service Revenue $36,500
Investment Income $93,060
Other Revenue $-681,235
TOTAL REVENUE $4,069,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,490,505
Fundraising Expenses $642,295
Program Expenses $2,349,893
Other Expenses $2,212,883
TOTAL EXPENSES $3,703,388

Year-over-Year Comparison

2024 2023 Change
Revenue $4,069,324 $2,612,624 +0.6%
Expenses $3,703,388 $1,458,522 +1.5%
Net Income $365,936 $1,154,102 -0.7%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
19
Employees
13
Volunteers
10

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
1
$458,510
Total Directors
20
$458,510
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON DWORKIN DIRECTOR 2.00
Director
$0 $0 $0
ANDY SEKEL DIRECTOR 2.00
Director
$0 $0 $0
BRIAN OFFUTT DIRECTOR 2.00
Director
$0 $0 $0
DR SUKU NAGENDRAN DIRECTOR 2.00
Director
$0 $0 $0
JACQUI CANNEY DIRECTOR 2.00
Director
$0 $0 $0
LISA LICHT DIRECTOR 2.00
Director
$0 $0 $0
LISA STONE PRITZKER DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL KASSAN DIRECTOR 2.00
Director
$0 $0 $0
SALLY YATES DIRECTOR 2.00
Director
$0 $0 $0
STAN GALANSKI DIRECTOR 2.00
Director
$0 $0 $0
TERA HANKS DIRECTOR 2.00
Director
$0 $0 $0
PHILLIP SCHERMER PRESIDENT & CEO 40.00
Officer Director
$432,751 $25,759 $458,510
BILL KOLB DIRECTOR 2.00
Director
$0 $0 $0
JEFF YABUKI DIRECTOR 2.00
Director
$0 $0 $0
KALEN IRSAY JACKSON DIRECTOR 2.00
Director
$0 $0 $0
SUSIE SARLO DIRECTOR 2.00
Director
$0 $0 $0
CHRIS ZAROU DIRECTOR 2.00
Director
$0 $0 $0
CARSON DALY DIRECTOR 2.00
Director
$0 $0 $0
BARRY HERMAN DIRECTOR 2.00
Director
$0 $0 $0
JODY GERSON DIRECTOR 2.00
Director
$0 $0 $0
CASSANDRA DAWES DIRECTOR OF EVENTS 40.00
Highest
$132,416 $8,968 $141,384
MELINE QUIGLEY HEAD OF STRATEGY 40.00
Highest
$149,872 $25,388 $175,260
VINCENT QUINTEN RIETMEIJER DIRECTOR OF DEVELOPMENT 40.00
Highest
$147,923 $12,322 $160,245
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 $4,069,324 $3,703,388 $4,754,098 $365,936
2023 $2,612,624 $1,458,522 $4,272,350 $1,154,102
2022 $704,882 $372,680 $3,282,709 $332,202
2021 $2,502,634 $37,157 $3,031,304 $2,465,477
2020 $226,462 $27,726 $218,382 $198,736
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