EIN 47-1196006

Healthy Minds Innovations

IRS 501(c) type
501(c)(3)
Num. employees
36
Year formed
2014
Most recent tax filings
2023-06-01
Description
Healthy Minds Innovations translates science into tools to cultivate and measure well-being, with a mission of creating a kinder, wiser, more compassionate world. The company launched the Healthy Minds research platform, which provides personalized activities and validated measures through a mobile-friendly web platform. Additionally, the Healthy Minds program offers custom content and consulting to various clients through mobile measures of well-being. Both products measure four key constituents of well-being.
Total revenues
$4,991,534
2023
Total expenses
$5,054,962
2023
Total assets
$3,240,416
2023
Num. employees
36
2023

Program areas at Healthy Minds Innovations

Healthy Minds @work - Healthy minds@work is an innovative program that teaches individual skills that foster an organizational culture of engagement and success, supporting employees and leaders in addressing the unique challenges facing next-stage enterprises. During the 2023 fy, hmi undertook 74 programs to provide these services, working in a variety of fields, including education, hospitality, manufacturing research, social services, healthcare, professional services, and finance.
Healthy Minds research platform - hmi launched the Healthy Minds research platform, a mobile-friendly web platform that delivers personalized activities and validated measures tailored to an individual's needs. The platform is designed to intake rich datasets - including facial expression, vocal utterances, and geographical location - to deliver the right intervention to the right person at the right time. This new web-based platform can be used for conducting research, teaching and measuring skills of well-being, and is designed to be more flexible and accessible to more people. The platform also allows for easier tailoring of services and can be set up to provide a personalized experience, designed to increase engagement and impact. In addition, the platform is simpler and more efficient to maintain.
Healthy Minds program app - the Healthy Minds program offers custom content and consulting to corporate, educational, and research clients through mobile measures of well-being, a suite of tools implemented on a mobile device that measure the four key constituents of well-being, based on a comprehensive neuroscientifically grounded framework: awareness, connection, insight, and purpose. The Healthy Minds program app is also available freely worldwide to individuals to teach and measure the skills of mental well-being. During fy 2023 we increased the number of active monthly users by 42% to an average of 32,400 people. The team added a special new series, the dalai lama's guide to happiness. The team also created 3,500 pieces of new recorded content that have now been deployed in the app.
Compassionate leadership summit - fifteen young leaders from around the world joined dr. richard davidson for the compassionate leadership summit at the residence of his holiness the dalai lama in india. During this two-day secular event supported by Healthy Minds Innovations, next generation leaders shared their aspirations and hopes for the future, while both challenging and inspiring meaningful dialogue with his holiness and their mentors.
Loka initiative - the loka initiative contributes to well-being by supporting faith-led environmental efforts locally and around the world. In november 2022, the loka initiative convened 18 christian pastors with scientists, experts, and scholars in madison for a four-day bridge-building conversation around creation care and climate action, including a public event called "creation care, climate change, and Healthy discourse in christian communities." Loka also launched a film project in partnership with bravebird, a local, indigenous, female-owned film company and a team of native and indigenous leaders. The film focuses on indigenous wisdom and traditional ecological knowledge in Wisconsin.
Speaking engagements - engage a critical mass of people who embrace practices that cultivate well-being and inspire a global shift toward a kinder, more compassionate world.

Who funds Healthy Minds Innovations

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Health$750,000
Schwab Charitable FundHealth$160,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,650
...and 1 more grant received

Personnel at Healthy Minds Innovations

NameTitleCompensation
Peggy PanoshChief Executive Officer$153,701
Nicole FiteChief of Staff$146,167
Andrew BurroughsVice President of Customer Engagement$166,492
Melanie SchmidtInterim Head of Operations$171,202
Chloe MayerSenior Director of Finance$140,883
...and 12 more key personnel

Financials for Healthy Minds Innovations

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,664,764
Program services$1,321,577
Investment income and dividends$996
Tax-exempt bond proceeds$0
Royalty revenue$74
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,123
Total revenues$4,991,534

Form 990s for Healthy Minds Innovations

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-13990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062021-05-26990View PDF
2019-062020-09-10990View PDF
...and 4 more Form 990s
Data update history
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 6 new personnel
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $750,000 from Silicon Valley Community Foundation (SVCF)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Medical research organizationsResearch centersCharities
Issues
Science and technologyHealth
Characteristics
Conducts researchPartially liquidatedOperates internationallyTax deductible donationsAccepts online donations
General information
Address
625 W Washington Ave
Madison, WI 53703
Metro area
Madison, WI
County
Dane County, WI
Website URL
hminnovations.org/about 
Phone
(608) 492-4184
IRS details
EIN
47-1196006
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
H00: Medical Research: General
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0260570
FTB Entity ID
4628875
AB 488 data last updated ("as-of") date
2024-10-16
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