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Nonprofiteer
← MINDS MATTER

Form 990 for tax year 2022

Filed by MINDS MATTER.

Totals

Total revenue
$2,311,720
Total expenses
$2,043,675
Contributions and grants received
$2,279,444
Grants paid
$282,138
Program service revenue
$0
Investment income
$32,276
Other revenue
$0
Total assets, end of year
$2,793,369
Total liabilities, end of year
$79,457
Net assets or fund balances, end of year
$2,713,912
Program services expenses (Part IX)
$1,399,881
Management and general expenses
$287,077
Fundraising expenses
$356,717
Program service expenses (Part III)
$1,399,881

Program services were 68.5% 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.

  • 1c · Fundraising events

    $467,582

  • 1f · All other contributions, gifts and grants

    $1,811,862

  • 3 · Investment income

    total $32,276 · excluded $32,276

  • 8a · Fundraising events: gross income

    $164,685

  • 8a · Fundraising events: contributions included on line 1c

    $467,582

  • 8b · Fundraising events: direct expenses

    $164,685

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $282,138 · program services $282,138

  • 5 · Compensation of officers, directors and key employees

    total $170,396 · program services $25,559 · management and general $59,639 · fundraising $85,198

  • 7 · Other salaries and wages

    total $741,798 · program services $568,983 · management and general $25,810 · fundraising $147,005

  • 9 · Other employee benefits

    total $96,430 · program services $66,709 · management and general $7,116 · fundraising $22,605

  • 10 · Payroll taxes

    total $72,393 · program services $47,780 · management and general $6,515 · fundraising $18,098

  • 11g · Fees: other

    total $144,336 · program services $84,387 · management and general $59,949

  • 12 · Advertising and promotion

    total $47,964 · program services $39,805 · management and general $8,159

  • 13 · Office expenses

    total $56,669 · program services $11,802 · management and general $33,931 · fundraising $10,936

  • 16 · Occupancy

    total $91,220 · program services $60,205 · management and general $8,210 · fundraising $22,805

  • 17 · Travel

    total $62,776 · program services $62,776

  • 24a · Other expenses: TUITION AND APPLICATION

    total $116,001 · program services $116,001

  • 24b · Other expenses: SPECIAL EVENT EXPENSE

    total $50,070 · fundraising $50,070

  • 24c · Other expenses: LICENSE FEES

    total $35,195 · management and general $35,195

  • 24d · Other expenses: BANK AND CREDIT CARD FE

    total $29,374 · management and general $29,374

  • 24e · All other expenses

    total $46,915 · program services $33,736 · management and general $13,179

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,601,933 · end of year $1,585,374

  • 3 · Pledges and grants receivable

    end of year $250,000

  • 9 · Prepaid expenses and deferred charges

    end of year $4,904

  • 12 · Investments: other securities

    beginning of year $871,349 · end of year $953,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,979 · end of year $15,429

  • 18 · Grants payable

    beginning of year $44,627 · end of year $44,626

  • 25 · Other liabilities

    beginning of year $18,402 · end of year $19,402

  • 27 · Net assets without donor restrictions

    beginning of year $2,357,274 · end of year $2,463,912

  • 28 · Net assets with donor restrictions

    beginning of year $27,000 · end of year $250,000

Mission and programs · 2022

Mission

SEE SCHEDULE OMINDS MATTER NYC 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.

Activities or mission (Part I)

SEE SCHEDULE OTO TRANSFORM THE LIVES OF ACCOMPLISHED HIGH SCHOOL STUDENTS FROM LOW-INCOME FAMILIES BY BROADENING THEIR DREAMS AND PREPARING THEM FOR COLLEGE SUCCESS.

  • SEE SCHEDULE OALDASUMMER PROGRAMMING FOR RISING HS SOPHOMORE STUDENTS TO COMBAT SUMMER LEARNING LOSS, AND BUILD ON SKILLS DEVELOPED DURING SCHOOL YEAR. INCLUSIVE OF NETWORKING, SAT PREP AND OTHER SKILLS WORKSHOPS TO SUPPLEMENT SCHOOL YEAR CURRICULUM. JUNIOR SUMMER PROGRAMSSUMMER PROGRAMMING FOR RISING HS JUNIOR STUDENTS. INCLUDES TUITION, TRAVEL EXPENSES, APPLICATION FEES, AND STIPENDSCOLLEGE STUDENT STIPENDSBIANNUAL STIPENDS FOR ALL COLLEGE STUDENTS

    Expenses $1,399,881 · Grants $282,138

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Deborah Beckman

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • David Brisske

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Maggie Brunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Davies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keli Huang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maribel Ledezma-Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Christina Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamaal McDell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Muoz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Pang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sanjeev Parlikar

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Minhaj Patel

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Shpizner

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Leeanne Su

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sarah Tanner

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Chaeri Tornay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abdul Zamerli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Herridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mansi Kothari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erika Halstead

    EXECUTIVE DIRECTOR

    Total calculated
    $170,397
    From this org
    $164,387
    From related orgs
    $0
    Other
    $6,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,387
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,010
    Filer's total
    $170,397

  • Colin Delaney

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $127,142
    From this org
    $113,690
    From related orgs
    $0
    Other
    $13,452
    Hours/week
    40

  • L'Toya Jones

    DIRECTOR OF PROGRAMS

    Total calculated
    $114,316
    From this org
    $100,900
    From related orgs
    $0
    Other
    $13,416
    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

None.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349304161

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