Overview
What is Sound Mind Live Inc?
Sound Mind Live Inc, based in Brooklyn, New York, is a nonprofit organization that utilizes music as a powerful tool to engage communities, encourage open discussions, and promote mental health awareness. Their mission is to foster dialogue and action on mental health issues, reaching over 1.6 million people in 2022 through various events, concerts, podcasts, videos, and other content. Partnering with more than 60 artists, they strive to normalize conversations about mental health, with 85% of their audience reporting increased openness and honesty, and 86% of youth feeling a decreased sense of "otherness" related to mental health issues. With a workforce of just 3 individuals, Sound Mind Live Inc is making a significant impact in the mental health landscape.
Official website here: www.soundmindlive.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating) from Charity Navigator.
Sound Mind Live Inc demonstrates a solid performance with a Three-Star rating, reflecting a commitment to accountability and effective impact measurement. The organization excels in leadership and adaptability, scoring a perfect 100 in both areas. Its program expense ratio of 83.45% indicates a strong focus on its mission-driven activities, while its policies on whistleblowing and document retention are robust.
However, there are some limitations noted in the accountability and finance aspects. The absence of a conflict of interest policy and a high liabilities to assets ratio may raise concerns among potential donors regarding financial stability and governance. Nonetheless, the organization maintains a fully independent board and has strong practices in program planning and data analysis, ensuring its strategic goals are well-supported.
This AI summary has been generated from information found on Charity Navigator.
Is Sound Mind Live Inc legitimate?
Sound Mind Live Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sound Mind Live Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $109,915
Professional Fundraising Fees: $6,161
Other Salaries and Wages: $159,812
For more financial information, click here
Official website here: www.soundmindlive.org
What is the mission statement of Sound Mind Live Inc?
Sound Mind Live Inc's mission is geared towards promoting mental health awareness and fostering open dialogues through the power of music. They strive to create community engagement by producing events, concerts, podcasts, videos, and other content that elevate mental health resources. In 2022, their programs reached over 1.6 million people in collaboration with more than 60 artists advocating for mental health discussions. Their efforts have been successful in encouraging more open and honest conversations about mental health, with 85% of their audience reporting positive changes. Furthermore, 86% of youth reported feeling a reduced sense of stigma related to mental health issues due to Sound Mind Live's programs.
Official website here: www.soundmindlive.org
Who is the CEO of Sound Mind Live Inc?
Chris Bullard is the Executive Dir. of Sound Mind Live Inc.
Official website here: www.soundmindlive.org
What is the revenue of Sound Mind Live Inc?
Sound Mind Live Inc's revenue in 2022 was $802,272.
Official website here: www.soundmindlive.org
Who are the executives of Sound Mind Live Inc and what are their salaries?
The average compensation at Sound Mind Live Inc during 2022 was $89,909. There are 3 employees and 8 volunteers at Sound Mind Live Inc.
Here are 9 key members and their salaries:
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Official website here: www.soundmindlive.org
Where can I find the form 990 for Sound Mind Live Inc?
Sound Mind Live Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soundmindlive.org
Learn more at the official website: www.soundmindlive.org
Mission Statement of Sound Mind Live Inc
Sound Mind Live Inc, a nonprofit organization, aims to promote community engagement, open discussions, and action on mental health issues through the powerful medium of music. The mission of this entity is centered around using music as a tool to build a supportive network and encourage dialogues about mental health, while simultaneously raising awareness for crucial mental health resources. In 2022, their efforts reached an impressive 1.6 million individuals, collaborating with over 60 artists who advocated for mental health discourse and action. The impact of their programs was significant, with 85% of their audience reporting increased comfort in having open, honest conversations about mental health, and 86% of youth feeling a reduced sense of isolation related to mental health issues. Sound Mind Live Inc is making a tangible difference in fostering a more understanding and supportive society towards mental health concerns.
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Impact
June, 2024
Sound Mind Live Inc's impact can be seen in the way it fosters community, open dialogue, and action on mental health through the power of music. Through events, concerts, podcasts, videos, and other content, they leverage the power of music to build connections and increase awareness around mental health issues. In 2022 alone, their programs reached 1.6 million people and involved more than 60 artists advocating for mental health dialogue and action. An impressive 85% of their audience reported being able to have more open and honest conversations about mental health due to their programs. Additionally, 86% of youth reported feeling a reduced sense of "otherness" in relation to mental health issues because of Sound Mind Live's initiatives. This organization's impactful work in Brooklyn, NY, is making a real difference in destigmatizing mental health and bringing communities together.
This information is meant to be a general summary of Sound Mind Live Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $802,272
Assets and Liabilities:
- Total Assets: $299,993
- Total Liabilities: $211,547
- Net Assets: $88,446
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Organization Details
Founding Year
2019
Phone
(818) 618-2654Principal Officer
Chris Bullard
Main Address
929 Lorimer St 3L, Brooklyn, NY, 11222
Website
www.soundmindlive.orgNTEE Category
Code: F70 - Mental health
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