OPEN MIND A PROJECT FOR THE DEVELOPMENT AND EDUCATION OF CHILDREN

EIN: 943252640 501(c)(3) Arts, Culture & Humanities

SAN FRANCISCO, CA

Total Revenue
$983,033
Total Expenses
$1,099,284
Total Assets
$2,108,300
Net Assets
$1,447,580
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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
1999
Legal Domicile
CA
Principal Officer
KATHERINE MICHIELS
Phone
4158210130
Tax Period
2024-09-01 to 2025-08-31

OPEN MIND A PROJECT FOR THE DEVELOPMENT AND EDUCATION OF CHILDREN, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $983K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

OPEN MIND ASSISTS MIDDLE AND LOW INCOME SAN FRANCISCO AREA FAMILIES TO OBTAIN QUALITY CHILD CARE AND IMPROVE AND ENRICH EDUCATIONAL OPPORTUNITIES THROUGH ELEMENTARY, AFTER SCHOOL, ENRICHMENT, SUMMER CAMP AND Y.U.M. CHEFS

Program Service Accomplishments

Program 1
Expenses: $195,389 Revenue: $773,072

HAD 27 TO 33 STUDENTS DURING THE SCHOOL YEAR, 40 TO 55 ENROLLED IN AFTER SCHOOL PROGRAMS AND 60 ENROLLED IN SUMMER CAMPS.

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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 $116,580
Program Service Revenue $766,333
Investment Income $87,616
Other Revenue $12,504
TOTAL REVENUE $983,033

Expense Breakdown

Grants Paid $0
Salaries & Benefits $725,644
Fundraising Expenses $0
Program Expenses $195,389
Other Expenses $373,640
TOTAL EXPENSES $1,099,284

Year-over-Year Comparison

2024 2023 Change
Revenue $983,033 $1,027,490 0.0%
Expenses $1,099,284 $1,052,701 +0.0%
Net Income $-116,251 $-25,211 +3.6%
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
5
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATERINE MICHIELS PRESIDENT 1.00
Officer Director
$0 $0 $0
DR MONICA HENSCHKLE SECRETARY 1.00
Officer Director
$0 $0 $0
KATIE FIELDING BOARD MEMBER 1.00
Director
$0 $0 $0
SUZANNE FAUVRE-WILLIS BOARD MEMBER 1.00
Director
$0 $0 $0
WARD ASHMAN VICE PRESIDENT 1.00
Officer 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
2025 $983,033 $1,099,284 $2,108,300 $-116,251
2024 $1,027,490 $1,052,701 $2,074,772 $-25,211
2023 $1,346,979 $1,069,415 $1,687,639 $277,564
2022 $1,523,039 $1,226,514 $1,352,323 $296,525
2022 $926,567 $1,211,769 $1,398,847 $-285,202
2021 $1,208,773 $1,119,249 $1,578,410 $89,524
2020 $1,366,886 $1,361,552 $917,729 $5,334
2019 $1,361,514 $1,377,004 $815,959 $-15,490
2018 $1,257,778 $1,316,139 $1,310,163 $-58,361
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