2025-09-09T12:32:59-05:00 2024-12-31 061667465 PRAGER METIS CPAS LLC 1951 KIDWELL DRIVE SUITE 200 TYSONS CORNER VA 22182 990 2024-01-01 823616589 PROJECT HEALTHY MINDS PROJ 7327579620 PO BOX 8073 NEW YORK NY 10116 ALEXANDER JILLA CHIEF FINANCIAL OFFICER 7327579620 2025-09-09 1 0 HIN CHIU LO P00968200 7038210702 2025-09-04 2024 2025-03-06 01:10:19Z ALEXANDER JILLA PO BOX 8073 NEW YORK NY 10116 5081734 0 X WWW.PROJECTHEALTHYMINDS.COM X 2017 PA NON-PROFIT FOCUSED ON CLOSING THE MENTAL HEALTH TREATMENT GAP. 20 19 13 10 0 0 2366682 4620999 35689 36500 0 93060 210253 -681235 2612624 4069324 0 0 0 0 614557 1490505 172500 0 642295 671465 2212883 1458522 3703388 1154102 365936 4272350 4754098 7508 218019 4264842 4536079 PROJECT HEALTHY MINDS IS A NEW MILLENNIAL /GEN Z-DRIVEN NON-PROFIT STARTUP FOCUSED ON TACKLING ONE OF THE DEFINING ISSUES OF OUR GENERATION: THE GROWING MENTAL HEALTH CRISIS 0 0 2349893 36500 PROJECT HEALTHY MINDS HAS ACCOMPLISHED MANY THINGS DURING THE COURSE OF 2024. SOME OF THE HIGHLIGHTS ARE AS FOLLOWS:1. WE CONTINUED TO SERVE THOUSANDS OF AMERICANS THROUGH OUR DIGITAL PLATFORM BY CONNECTING THEM TO LIFE-SAVING MENTAL HEALTH SERVICES.2. WE CONTINUED TO SCALE OUR SIGNATURE ANTI-STIGMA/ADVOCACY PROGRAM - PRODUCING THE LARGEST FESTIVAL IN THE WORLD FOR WORLD MENTAL HEALTH DAY FEATURING DEMI LOVATO, GOVERNOR KATHY HOCHUL, ABC'S LINSEY DAVIS, ANDY DUNN, JULIE RICE, AND MORE.3. WE GREW OUR CORPORATE ADVOCACY PROGRAM - WORKING WITH COMPANIES TO LAUNCH NEW PROGRAMS TO IMPROVE WORKFORCE MENTAL HEALTH. 2349893 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK CA CT CO DE FL IL KY NY ME MD MA MI NJ NM OH OR PA RI SC VA WA WI X ALEXANDER JILLA 7327579620 PO BOX 8073 NEW YORK NY 10116 AARON DWORKIN DIRECTOR 2.00 X 0 0 0 ANDY SEKEL DIRECTOR 2.00 X 0 0 0 BRIAN OFFUTT DIRECTOR 2.00 X 0 0 0 DR SUKU NAGENDRAN DIRECTOR 2.00 X 0 0 0 JACQUI CANNEY DIRECTOR 2.00 X 0 0 0 LISA LICHT DIRECTOR 2.00 X 0 0 0 LISA STONE PRITZKER DIRECTOR 2.00 X 0 0 0 MICHAEL KASSAN DIRECTOR 2.00 X 0 0 0 SALLY YATES DIRECTOR 2.00 X 0 0 0 STAN GALANSKI DIRECTOR 2.00 X 0 0 0 TERA HANKS DIRECTOR 2.00 X 0 0 0 PHILLIP SCHERMER PRESIDENT & CEO 40.00 X X 432751 0 25759 BILL KOLB DIRECTOR 2.00 X 0 0 0 JEFF YABUKI DIRECTOR 2.00 X 0 0 0 KALEN IRSAY JACKSON DIRECTOR 2.00 X 0 0 0 SUSIE SARLO DIRECTOR 2.00 X 0 0 0 CHRIS ZAROU DIRECTOR 2.00 X 0 0 0 CARSON DALY DIRECTOR 2.00 X 0 0 0 BARRY HERMAN DIRECTOR 2.00 X 0 0 0 JODY GERSON DIRECTOR 2.00 X 0 0 0 CASSANDRA DAWES DIRECTOR OF EVENTS 40.00 X 132416 0 8968 MELINE QUIGLEY HEAD OF STRATEGY 40.00 X 149872 0 25388 VINCENT QUINTEN RIETMEIJER DIRECTOR OF DEVELOPMENT 40.00 X 147923 0 12322 862962 0 72437 4 0 1 0 STRIDE CONSULTING LLC 601 W 26TH ST 357 NEW YORK NY 10001 ENGINEERING 209164 TAMAR PODELL 825 W END AVE MANHATTAN NEW YORK NY 10025 FUNDRAISING 187500 ALLISAN SALAZAR 11016 SILO VALLEY DR AUSTIN TX 78754 CREATIVE STRATEGY AND PRODUCTION 129545 3 2539533 2081466 75374 4620999 TRAINING SESSIONS 611710 36500 36500 36500 93060 93060 331175 2539533 1012410 -681235 -681235 4069324 36500 0 -588175 X 458510 313354 41493 103663 886159 605617 80194 200348 76582 52338 6930 17314 69254 47329 6267 15658 27664 27664 65692 65692 1302642 820909 284816 196917 9673 4600 5073 158914 55592 103322 109775 11692 98083 13257 13257 EVENT EXPENSE 466390 466390 BANKING AND MERCHANT FE 39040 39040 CHARITABLE FILING FEE 19836 19836 3703388 2349893 711200 642295 3550368 3395346 622325 1339700 4958 19052 378800 378800 94699 0 4272350 4754098 7508 218019 7508 218019 X 2176234 3639870 2088608 896209 4264842 4536079 4272350 4754098 X 365936 -94699 X X 0 1 X 1 0 X 226462 2467634 693382 2366682 4620999 10375159 35000 11500 35689 36500 118689 1443076 331175 1774251 226462 2502634 704882 3845447 4988674 12268099 173840 636675 475870 1145175 1435817 3867377 0 173840 636675 475870 1145175 1435817 3867377 8400722 93060 93060 93060 93060 226462 2502634 704882 3845447 5081734 12361159 0.67960 0.66550 0.00750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 378800 378800 0 0 6228744 1147010 1147010 5081734 -1012410 -1012410 4069324 5957507 1147010 94699 1241709 4715798 -1012410 -1012410 3703388 PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES X 1 TAMAR PODELL 825 W END AVE MANHATTAN NEW YORK NY 10025 FUNDRAISING 0 1040733 187500 853233 1040733 187500 853233 WORLD MENTAL HEALTH DAY GALA 2870708 2539533 331175 1012410 2870708 2539533 331175 1012410 1012410 -681235 X X 0 0 0 0 0 0 0 0 0 PHILLIP SCHERMER PRESIDENT & CEO 432751 0 0 0 0 0 0 0 25759 0 458510 0 0 0 MELINE QUIGLEY HEAD OF STRATEGY 149872 0 0 0 0 0 0 0 25388 0 175260 0 0 0 VINCENT QUINTEN RIETMEIJER DIRECTOR OF DEVELOPMENT 147923 0 0 0 0 0 0 0 12322 0 160245 0 0 0 X 2 75374 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IS THE TOTAL NUMBER OF DONORS THAT CONTRIBUTED STOCKS DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS A NOMINATING COMMITTEE THAT IS COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS. THE NOMINATING COMMITTEE INCLUDES: AARON DWORKIN (COMMITTEE CHAIR), BRIAN OFFUTT, TERA HANKS, LISA PRITZKER, MICHAEL KASSAN, CHRIS ZAROU. THE NOMINATING COMMITTEE MEETS ONCE A MONTH TO REVIEW A LIST OF CANDIDATES FOR THE BOARD OF DIRECTORS OR ADVISORY COUNCIL THAT THEY FEEL WOULD BE A STRATEGIC AND CULTURAL FIT FOR THE ORGANIZATION. THE COMMITTEE DISCUSSES POTENTIAL PATHWAYS TO VARIOUS CANDIDATES, AS WELL AS ADDITIONAL IDEAS AND CONSIDERATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING CONFLICTS OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A PROJECT HEALTHY MINDS ESTABLISHED A BOARD OF DIRECTORS LEVEL PEOPLE COMMITTEE THAT INCLUDED INDEPENDENT DIRECTORS.THE BOARD OF DIRECTORS PASSED A RESOLUTION TO EMPOWER THE PEOPLE COMMITTEE TO NEGOTIATE THE HIRING AND ESTABLISH AND NEGOTIATE THE COMPENSATION PACKAGE OF THE CEO. THE PEOPLE COMMITTEE INCLUDED A 3X CHIEF HUMAN RESOURCES OFFICER WHO HAS SERVED AT LARGE PUBLICLY TRADED COMPANIES, A FORMER FOUNDER AND LONGTIME CEO OF A PROMINENT NON-PROFIT ORGANIZATION, AND THE PRESIDENT AND FORMER CORPORATE EXECUTIVE OF A LARGE AND HIGHLY REGARDED START-UP COMPANY. THE PEOPLE COMMITTEE GATHERED, REVIEWED, AND DISCUSSED DATA ON COMPENSATION FROM COMPARABLE ORGANIZATIONS. A ROBUST PROCESS OF NEGOTIATION OF THE EMPLOYMENT CONTRACT AND ITS KEY TERMS WAS UNDERTAKEN BETWEEN THE PEOPLE COMMITTEE, ADVISED BY ITS OUTSIDE LEGAL COUNSEL AT CURTIS, MALLET-PREVOST, AND THE FOUNDER & CEO OF PROJECT HEALTHY MINDS. THE PEOPLE COMMITTEE PROVIDED AN UPDATE AT THE JULY 2022 BOARD MEETING TO THE FULL BOARD OF DIRECTORS, WHERE THE FULL BOARD OF DIRECTORS VOTED UNANIMOUSLY TO REAFFIRM THE DECISION OF THE PEOPLE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 702,065. MANAGEMENT AND GENERAL EXPENSES 44,207. FUNDRAISING EXPENSES 196,917. TOTAL EXPENSES 943,189. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 118,844. MANAGEMENT AND GENERAL EXPENSES 240,609. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 359,453. FORM 990, PART XI, LINE 9: ACCUMULATED AMORTIZATION -94,699. IN KIND CONTRIBUTION RECEIVABLE FORM 990, PART XII, LINE 1: THE ORGANIZATION CHANGES ITS ACCOUNTING METHOD TO COMPLY WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) STATEMENT OF FINANCIAL ACCOUNTING STANDARDS 116, ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE.