Inward Bound Mindfulness Education Inc

Nonprofit profile at a glance

EIN
273029390
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Attleboro, MA, USA
Phone
5082500628
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$657,632
Expenses
$759,005
Assets
$168,638
Liabilities
$85,462

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

Leadership & pay

6 people listed

Executive titles in this filing

  • MARK WAX (PRESIDENT)
  • ERIK OSUGI (EXECUTIVE DIRECTOR (LEFT 10/2025))

Highest reported compensation

  • JENNIFER HEITEL (EXEC DIR (AS OF 10/2025); SECRETARY): $74,555 total reported compensation
  • ERIK OSUGI (EXECUTIVE DIRECTOR (LEFT 10/2025)): $43,148 total reported compensation
  • MARK WAX (PRESIDENT): $12,146 total reported compensation

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

Overview

Mission

Inward bound mindfulness provides in-depth mindfulness programming for youth and the parents and professionals who support them.

What it reported doing in 2024

The organization's primary program activities are achieved by providing retreats, custom programs, and teacher training programs. During the fiscal year ended october 31, 2025, inward bound mindfulness held six public in-person teen retreats in five different regions. In 2025, 75% of teen and young adult participants attending retreat received sliding scale tuition and scholarship funds (average scholarship was $1,800), reflecting the increasing economic hardships for many families. Participants traveled from 25 states and canadian territories; 48% of participants identified as bipoc/multiracial; 53% of participants identified as lgbtq+; and 11% of participants identified as gender expansive/transgender/nonbinary. Inward bound mindfulness also provided several custom programs to school communities and youth-serving professionals.

Operating model

Revenue model
Donor-supported. 74% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 66
  • Sustainability: 13
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.7%; rating input score 98
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: $13.29 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

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: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -15.4%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 17.1%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 97.7% of revenue deployed · 84.7% of spending went to programs
  • Governance: 2 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $643K in reported program spending
  • Leadership: top reported pay $75K · 6 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.