Open Mind Collective

EIN: 920801830 501(c)(3) Mental Health

San Francisco, CA

Total Revenue
$169,458
Total Expenses
$299,081
Total Assets
$19,693
Net Assets
$-129,623
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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
2022
Legal Domicile
CA
Principal Officer
Sidney Edsall
Tax Period
2023-01-01 to 2023-12-31

Open Mind Collective, founded in 2022, is a small nonprofit in the Mental Health sector that reported $169K in total revenue in fiscal year 2023. Expenses of $299K exceeded revenue, resulting in a 76% operating deficit.

Mission

Our mission is to conduct research, teach, and provide direct care using psychedelic medicine and other means to heal the minds and hearts of traumatized and vulnerable individuals and communities, alleviating transgener

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,750
Program Service Revenue $37,708
Investment Income $0
Other Revenue $0
TOTAL REVENUE $169,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $216,793
Fundraising Expenses $1,211
Other Expenses $82,288
TOTAL EXPENSES $299,081

Year-over-Year Comparison

2023 2022 Change
Revenue $169,458 N/A N/A
Expenses $299,081 N/A N/A
Net Income $-129,623 N/A N/A
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
2
Independent Members
N/A
Employees
2
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
0
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sidney Edsall President 020.00
Key Emp
$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
2024 No data No data No data No data
2023 $169,458 $299,081 $19,693 $-129,623
2022 No data No data No data No data
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