Sound Mind
- Assets
- $175.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lester, WV
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-4163577
Organization Overview
Sound Mind is located in Lester, WV. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Mind is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sound Mind generated $90.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $98.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MANAGERS AND MONITORS/ROOM AND BOARD WITH ONSITE MONITORS - $57,640 OPERATIONAL COSTS TO RUN FACILITIES - $41,305
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Adams Executive Director | 40 | $23,400 | |
Dale Birchfield President | 5 | $0 | |
Joseph Wells Vice President | 2 | $0 | |
Penny Adams Treasurer | 2 | $0 | |
Micheal Williams Board Member | 2 | $0 | |
John Morgan Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,377 |
| Total Program Service Revenue | $32,231 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,608 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,418 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $40,777 |
| Printing, publications, postage, and shipping | $1,416 |
| Other expenses | $15,634 |
| Total expenses | $98,945 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,197 |
| Other assets | $0 |
| Total assets | $175,662 |
| Total liabilities | $34,931 |
| Net assets or fund balances | $140,731 |