Institute for All Minds Inc

Nonprofit profile at a glance

EIN
995141438
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Berkeley, CA, USA
Phone
3107950552
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Neurology, Neuroscience Research

Reported finances

Revenue
$500,145
Expenses
$3,798
Assets
$496,347
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • NIKHIL BHATLA (PRESIDENT /)

People named in this filing

  • NIKHIL BHATLA (PRESIDENT /)
  • YAT-MING LEUNG (SECRETARY)
  • TUNLIN OU (TREASURER /)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The institute for all minds conducts research focused on understanding how the brain causes consciousness and how neurons die in neurodegenerative diseases, such as alzheimer's.

What it reported doing in 2024

The institute for all minds was founded this year with two principal missions. Our first mission is to understand how the brain causes consciousness. Consciousness is an ancient mystery of fundamental importance to human well-being, as it is the basis for our capacity to experience emotions, pain, pleasure, hunger, thirst, and all of our senses. Without consciousness, humans would lack these experiences. This year, we began to establish research infrastructure to apply a new method to understand what parts of the brain are necessary for conscious experience. Our second mission is to understand how neurons die in neurodegenerative diseases such as alzheimer's. Neurodegeneration is one of the scariest diseases associated with aging... (continues below)

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 26
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 96
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.6%; rating input score 1
  • Program expense ratio: 75%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 99.2%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 130.69; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0.6% of revenue deployed · 75% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $3K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.