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Nonprofiteer
← MINDS MATTER BAY AREA INC

Form 990 for tax year 2024

Filed by MINDS MATTER BAY AREA INC.

Totals

Total revenue
$1,411,428
Total expenses
$1,167,610
Contributions and grants received
$1,411,428
Grants paid
$180,896
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,656,447
Total liabilities, end of year
$57,730
Net assets or fund balances, end of year
$2,598,717
Program services expenses (Part IX)
$815,969
Management and general expenses
$146,632
Fundraising expenses
$205,009
Program service expenses (Part III)
$815,969

Program services were 69.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,411,428

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $180,896 · program services $180,896

  • 5 · Compensation of officers, directors and key employees

    total $275,106 · program services $71,033 · management and general $68,777 · fundraising $135,296

  • 7 · Other salaries and wages

    total $311,422 · program services $311,422

  • 11g · Fees: other

    total $127,368 · program services $127,368

  • 12 · Advertising and promotion

    total $69,713 · fundraising $69,713

  • 13 · Office expenses

    total $40,115 · management and general $40,115

  • 21 · Payments to affiliates

    total $16,992 · management and general $16,992

  • 24a · Other expenses: SPECIAL EVENTS

    total $87,877 · program services $87,877

  • 24b · Other expenses: COMMUNITY EXPENSES

    total $37,373 · program services $37,373

  • 24c · Other expenses: TEAM BUILDING AND DEVEL

    total $20,748 · management and general $20,748

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,311,952 · end of year $2,556,566

  • 2 · Savings and temporary cash investments

    beginning of year $14,999 · end of year $15,000

  • 3 · Pledges and grants receivable

    end of year $59,381

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,240 · end of year $25,500

  • 10a · Land, buildings and equipment: cost or other basis

    $10,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,292 · end of year $57,730

  • 27 · Net assets without donor restrictions

    beginning of year $2,354,899 · end of year $2,598,717

Mission and programs · 2024

Mission

MINDS MATTER BAY AREA (MMBAY) IS AN EDUCATION NONPROFIT THAT CONNECTS DRIVEN AND DETERMINED STUDENTS FROM LOW-INCOME FAMILIES WITH THE PEOPLE, PREPARATION, AND POSSIBILITIES TO SUCCEED IN COLLEGE, CREATE THEIR FUTURE, AND CHANGE THE WORLD.WE GUIDE DRIVEN YET UNDERSERVED STUDENTS TO GRADUATE FROM THE NATION'S MOST SELECTIVE COLLEGES.

Activities or mission (Part I)

MINDS MATTER BAY AREA (MMBAY) IS AN EDUCATION NONPROFIT THAT GUIDES DRIVEN YET UNDERSERVED STUDENTS TO GRADUATE FROM THE NATION'S MOST SELECTIVE COLLEGES.

  • SOPHOMORE PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE COST OF SUMMER STUDY PROGRAMS FOR STUDENTS WHICH INCLUDED TUITION AND TRAVEL EXPENSES FOR LOW INCOME HIGH SCHOOL SOPHOMORES.JUNIOR PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE COST OF SUMMER STUDY PROGRAMS FOR STUDENTS WHICH INCLUDED TUITION AND TRAVEL EXPENSES FOR LOW INCOME HIGH SCHOOL JUNIORS.SENIOR PROGRAM IS DEDICATED TO SUPPORTING STUDENTS THROUGH THE COLLEGE APPLICATION PROCESS, WHICH INCLUDES ACADEMIC ELEMENTS OF THE SOPHOMORE AND JUNIOR PROGRAMS AS WELL AS WORKSHOPS ON FINANCIAL AID AND SCHOLARSHIPS.THE ORGANIZATION RECEIVED DONATED SERVICES FROM A VARIETY OF UNPAID VOLUNTEERS TO ASSIST PROGRAMS OR PROVIDE ADMINISTRATIVE ASSISTANCE. THE ESTIMATED HOURS OF SERVICES PROVIDED BY UNPAID VOLUNTEERS FOR THE YEAR ENDED JUNE 30, 2022 TOTALED 40,188 AND THE ESTIMATED VALUE WAS APPROXIMATELY $1,429,000.

    Expenses $815,969 · Grants $180,896

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Vander Linde

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2.5
  • Edward Wexler-Beron

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2.5
  • Irene Shih

    CEO

    Total calculated
    $219,963
    From this org
    $210,000
    From related orgs
    $0
    Other
    $9,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,963
    Filer's total
    $219,963
  • Taylor Bollman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Jeff Brummett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Edith Chao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Todd Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Alice Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Akash Pradhan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Max Bulger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • Ryan Buchanan

    CO-CFO

    Total calculated
    $0
    Hours/week
    2.5
  • Austin Downum

    CO-CFO

    Total calculated
    $0
    Hours/week
    2.5
  • Jeniece Howe

    CPO

    Total calculated
    $132,777
    From this org
    $125,000
    From related orgs
    $0
    Other
    $7,777
    Hours/week
    40
  • Niharika Ray

    COO

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202621319349301477

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