Hearts & Minds Activity Center
- Assets
- $4.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 23
- Location
- San Jose, CA
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 94-2936723
Organization Overview
Hearts & Minds Activity Center is located in San Jose, CA. The organization was established in 1984. According to its NTEE Classification (H83) the organization is classified as: Alzheimers Disease Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, Hearts & Minds Activity Center employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts & Minds Activity Center 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 06/2022, Hearts & Minds Activity Center generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF PEOPLE AFFECTED BY ALZHEIMER'S AND RELATED CONDITIONS BY PROVIDING SAFE, NURTURING, INTERGENERATIONAL SERVICES AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY CARE PROVIDES A THERAPEUTIC ACTIVITY PROGRAM AND SOCIALIZATION TO INDIVIDUALS WITH ALZHEIMER'S DISEASE AND RELATED MEMORY LOSS. THE SERVICES INCLUDE:* ASSISTANCE WITH ACTIVITIES OF DAILY LIVING* RESPITE FOR CAREGIVERS* HEALTH MONITORING* SUPPORT SERVICES AND EDUCATION* NUTRITIONAL MONITORINGINTERGENERATIONAL PROGRAMMING BRINGS TOGETHER YOUNG CHILDREN AND INDIVIDUALS WITH ALZHEIMER'S DISEASE FOR A THERAPEUTIC, STIMULATING, AND BENEFICIAL ENVIRONMENT FOR BOTH. 121 CLIENTS WERE SERVED DURING THE YEAR.
CHILD CARE ACCEPTS CHILDREN FROM TWO TO ENTRY FIRST GRADE, AND TAKES A CHILD-CENTERED APPROACH TO LEARNING. INTERGENERATIONAL PROGRAMMING BRINGS TOGETHER YOUNG CHILDREN AND INDIVIDUALS WITH ALZHEIMER'S DISEASE, PROVIDING A THERAPEUTIC AND STIMULATING ENVIRONMENT THAT IS BENEFICIAL FOR BOTH. 32 CLIENTS WERE SERVIED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Nicolacoudis Chief Executive Officer | Officer | 40 | $180,720 |
Ying Luan Director | Trustee | 2 | $0 |
James Ward President | Trustee | 2 | $0 |
Annie Ward Director | Trustee | 2 | $0 |
Kevin Cuccias Treasurer | Trustee | 2 | $0 |
Richard Eggleston Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,890 |
| Related organizations | $0 |
| Government grants | $216,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $640,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $981,716 |
| Total Program Service Revenue | $1,133,289 |
| Investment income | $99,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,350 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,326,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,033,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $163,266 |
| Payroll taxes | $92,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,442 |
| Advertising and promotion | $6,739 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $372,754 |
| Travel | $138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,467 |
| Insurance | $31,720 |
| All other expenses | $61,436 |
| Total functional expenses | $2,205,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,330 |
| Accounts receivable, net | $34,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,381 |
| Net Land, buildings, and equipment | $1,619,998 |
| Investments—publicly traded securities | $2,364,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,277,390 |
| Accounts payable and accrued expenses | $119,084 |
| Grants payable | $0 |
| Deferred revenue | $4,141 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $123,225 |
| Net assets without donor restrictions | $4,125,034 |
| Net assets with donor restrictions | $29,131 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,277,390 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hearts & Minds Activity Center has recieved totaling $192,360.
| Awarding Organization | Amount |
|---|---|
Sourcewise Santa Clara, CA PURPOSE: Title III-E | $130,712 |
San Jose Mercury News Wish Book Fund Inc San Jose, CA PURPOSE: SPECIFIC PROGRAM OR PROJECT SUPPORT | $27,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,663 |
Valle Monte League Sunnyvale, CA PURPOSE: FINANCIAL SUPPORT | $10,000 |
Show Me Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Harold Grant Hester And Patricia Marie Hester Family Foundation San Jose, CA PURPOSE: DEMENTIA ADULT CARE SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Alzheimers Research Center Inc Phoenix, AZ | $885,921 | $4,068,294 |
Alzheimers San Diego San Diego, CA | $4,052,793 | $3,237,352 |
Hearts & Minds Activity Center San Jose, CA | $4,277,390 | $2,326,682 |
Leeza Gibbons Memory Foundation Inc Beverly Hills, CA | $805,583 | $758,654 |
Institute Of Neurosurgical Innovation Inc A Non-Profit Public Marina Del Rey, CA | $78,657 | $0 |
The John Douglas French Alzheimers Foundation Pasadena, CA | $2,530,376 | $727,955 |
Lloyd Westley Luttrell Memorial Foundation For Alzheimers Research Belmont, CA | $170,710 | $3,046 |
Western Geriatric Research Institute Encino, CA | $500,635 | $766 |
Omentum Research Foundation San Gabriel, CA | $721,141 | $2,216 |