2024-07-10T11:54:18-05:00 2023-10-31 383697447 NON PROFIT CAPITAL MANAGEMENT LLC 153 CLINTON ROAD STERLING MA 015642357 990 2022-11-01 273029390 INWARD BOUND MINDFULNESS EDUCATION INC INWA 5082500628 878 WASHINGTON STREET 1119 ATTLEBORO MA 02703 MARK WAX INTERIM BOARD PRESIDENT 5082500628 2024-07-10 1 MARK WAX XXX-XX-XXXX 0 BRIAN KINDORF P01463837 7819336726 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK WAX 878 WASHINGTON STREET 1119 ATTLEBORO MA 02703 1501054 0 X WWW.INWARDBOUNDMIND.ORG X 2010 MA INWARD BOUND PROVIDES IN-DEPTH MINDFULNESS PROGRAMMING FOR YOUTH AND THE ADULTS WHO SUPPORT THEM. OUR PROGRAMMING GUIDES PARTICIPANTS IN DEVELOPING SELF-AWARENESS, COMPASSION, AND ETHICAL DECISION MAKING, AND EMPOWERS THEM TO APPLY THESE SKILLS IN IMPROVING THEIR LIVES AND COMMUNITIES. 6 4 7 75 0 0 632534 1124768 390037 369410 0 0 9967 6876 1032538 1501054 0 0 0 0 596287 748088 0 0 83854 815699 802671 1411986 1550759 -379448 -49705 374923 417956 78011 170749 296912 247207 X INWARD BOUND MINDFULNESS PROVIDES IN-DEPTH MINDFULNESS PROGRAMMING FOR YOUTH AND THE PARENTS AND PROFESSIONALS WHO SUPPORT THEM. 0 0 1292885 376286 INWARD BOUND MINDFULNESS IS THE NATIONAL LEADER IN IMMERSIVE MINDFULNESS EDUCATION FOR TEENS, YOUNG ADULTS, AND THE ADULTS WHO SUPPORT THEM. EMERGING FROM THE GLOBAL PANDEMIC, INWARD BOUND SAFELY HELD EIGHT IN-PERSON TEEN RETREATS IN FIVE DIFFERENT REGIONS. TEENS FROM 39 DIFFERENT STATES ATTENDED OUR LIFE-CHANGING RETREATS, AND A RECORD 83% OF PARTICIPANTS RECEIVED SCHOLARSHIPS, TOTALING $356,904, A RECORD FIGURE REFLECTING THE INCREASING FINANCIAL NEED AMONG OUR COMMUNITY MEMBERS. ADDITIONALLY, INWARD BOUND PROVIDED SEVERAL CUSTOM PROGRAMS TO SCHOOL COMMUNITIES AND YOUTH-SERVING PROFESSIONALS. IN TOTAL, INWARD BOUND PROVIDED 12 RETREATS AND 14 COURSES AND WORKSHOPS TO A TOTAL OF 723 PARTICIPANTS ACROSS THE COUNTRY.OUR COMMITMENT TO INCLUSIVITY CONTINUED TO BE EVIDENT, WITH 52% OF PARTICIPANTS IDENTIFYING AS BIPOC AND 51% IDENTIFYING AS LGBTQIA+. THESE STATISTICS REPRESENT SIGNIFICANT INCREASES FROM OUR NATIONAL PRE-PANDEMIC AVERAGES OF 32% AND 30%, RESPECTIVELY. INWARD BOUND FURTHER ACCOMPLISHED OUR DIVERSITY, EQUITY, INCLUSION AND ACCESSIBILITY (DEIA) GOALS BY: HOSTING QUARTERLY COMMUNITY CONVERSATIONS, WHICH WERE PRIMARILY YOUTH-LED AND HAD AN AVERAGE OF 20 PARTICIPANTS PER SESSION; UPDATING THE DEIA TRAINING PROGRAM RECEIVED BY OUR RETREAT TEACHERS, MENTORS, AND COORDINATORS; INCREASING THE NUMBER OF BIPOC ASSISTANT RETREAT TEACHERS; CULTIVATING BIPOC- AND LGBTQIA+-CENTERED PROGRAMMATIC PARTNERSHIPS; AND, IMPLEMENTING AN ORGANIZATIONAL EQUITY LENS TO HELP INFORM PROGRAMS, PROCESSES, POLICIES AND DECISION-MAKING AT THE ORGANIZATION. 1292885 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CO CT NY OR VA WA DC MI X X X JENNIFER HEITEL 5082500628 878 WASHINGTON STREET 1119 ATTLEBORO MA 02703 MARK WAX DIRECTOR, TEACHER, PROG SUPPORT 10.00 X 23524 0 0 ANTHONY SARTORI DIRECTOR, EQUITY ADVISORY 2.00 X 3204 0 0 FALCON CALIGIURI-RANDALL DIRECTOR, YOUTH ADV. COMMITTEE 2.00 X 0 0 0 JACQUI CLAY PRESIDENT, SYSTEMS COMMITTEE, PROGRAM SUPPORT 2.00 X X 7299 0 0 DAVID MACEK TREASURER, DEVELOPMENT & BUSINESS 40.00 X X 84786 0 10724 JENNIFER HEITEL SECRETARY, OPER. & FINANCE 32.00 X X 71540 0 10351 190353 0 21075 0 0 0 0 0 1124768 1124768 RETREAT & TRAINING INC 624100 369410 369410 369410 CASH BACK REWARDS 522100 3000 3000 PRODUCT SALES 459900 2025 2025 MISCELLANEOUS 900099 1851 1851 6876 1501054 376286 0 0 156326 128701 12714 14911 465061 382879 37824 44358 63484 52266 5163 6055 63217 52046 5141 6030 61492 61492 42873 38443 2126 2304 122101 88066 31363 2672 17208 10422 1947 4839 1167 875 140 152 6588 6588 10341 559 9685 97 RETREAT TEACHER & PROGR 225952 225952 RETREAT FACILITY RENTAL 179581 179581 RETREAT TRAVEL & FOOD 73357 73357 RETREAT SUPPLIES 41846 41415 431 20165 11735 5994 2436 1550759 1292885 174020 83854 219571 99252 149000 312000 6352 6704 374923 417956 54333 157247 23678 13502 78011 170749 X 276912 114538 20000 132669 296912 247207 374923 417956 -49705 0 X 0 1 X 1 0 X 533327 1223265 840525 632534 1124768 4354419 555776 359610 231310 390037 369410 1906143 83611 83611 1089103 1582875 1155446 1022571 1494178 6344173 41788 75631 240444 260310 623310 1241483 311466 825484 1136950 353254 901115 240444 260310 623310 2378433 3965740 172026 9967 6876 188869 1089103 1582875 1327472 1032538 1501054 6533042 0.60700 0.65670 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1501054 0 1501054 0 1501054 1550759 0 1550759 0 1550759 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF OCTOBER 31, 2023 AND 2022, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF OCTOBER 31, 2023 AND 2022. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. FORM 990, PART VI, SECTION A, LINE 4 CHANGES WERE MADE TO BOTH THE THE ARTICLES OF INCORPORATION AND BYLAWS TO REFLECT THAT: 1) ALL MEMBERS OF THE BOARD NEED NOT REPRESENT THIS COLLABORATIVE LEADERSHIP SYSTEM AND THAT UP TO THREE MEMBERS WHO DO NOT PARTICIPATE IN THE COLLABORATIVE LEADERSHIP SYSTEM IN SOME OTHER CAPACITY WILL BE ELECTED TO BE ON THE BOARD (SECTION 4.2). 2) TERMS ARE NOW TWO (2) YEARS LONG AND BOARD MEMBERS MAY NOW SERVE NO MORE THAN THREE (3) CONSECUTIVE TERMS (SECTION 5.3). THIS TERM LENGTH CHANGE IS ALSO REFLECTED IN OFFICER TERMS (SECTION 7.3). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 PREPARER PROVIDED A HIGH-LEVEL PRESENTATION OF THE FORM 990 TO THE BOARD OF DIRECTORS. THE BOARD RECEIVED A COMPLETE DRAFT OF THE FORM 990 FOR REVIEW AND COMMENT AND LATER RECEIVED THE FINAL VERSION OF THE FORM 990 PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INWARD BOUND'S BOARD OF DIRECTORS MONITORS ALL POTENTIAL CONFLICT OF INTEREST SITUATIONS. FORM 990, PART VI, SECTION B, LINE 15 INWARD BOUND HAS ESTABLISHED A COLLABORATIVE LEADERSHIP SYSTEM, THROUGH WHICH VARIOUS CONSTITUENTS OF THE ORGANIZATION HAVE A ROLE IN THE MANAGEMENT AND OPERATION OF THE ORGANIZATION AND ITS PROGRAMMING. INWARD BOUND'S DIRECTORS AND OFFICERS REPRESENT THIS COLLABORATIVE LEADERSHIP SYSTEM. ALTHOUGH INWARD BOUND DOES NOT HAVE THE TRADITIONAL HIERARCHICAL LEADERSHIP STRUCTURE, IT DOES HAVE A PRESIDENT, SECRETARY, AND TREASURER. FOR PURPOSES OF FORM 990 REPORTING, THE PRESIDENT IS THE "TOP MANAGEMENT OFFICIAL." IN 2021, NEITHER THE PRESIDENT NOR INWARD BOUND'S OFFICERS WERE COMPENSATED FOR THEIR ROLE IN THOSE POSITIONS. NEVERTHELESS, WHEN COMPENSATION IS AWARDED TO EMPLOYEES/INDEPENDENT CONTRACTORS WHO ALSO HOLD OFFICER/DIRECTOR ROLES, THEIR COMPENSATION IS VETTED THROUGH A PROCESS THAT INCLUDES INWARD BOUND'S BOARD'S REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 INWARD BOUND UPLOADS ITS FINANCIAL STATEMENTS AND PROVIDES OTHER FINANCIAL DATA TO GUIDESTAR FOR PUBLIC REVIEW. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.