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Nonprofiteer
← MINDS MATTER

Form 990 for tax year 2022

Filed by MINDS MATTER.

Totals

Total revenue
$990,090
Total expenses
$783,060
Contributions and grants received
$982,933
Grants paid
$111,237
Program service revenue
$0
Investment income
$7,157
Other revenue
$0
Total assets, end of year
$1,481,917
Total liabilities, end of year
$271,744
Net assets or fund balances, end of year
$1,210,173
Program services expenses (Part IX)
$434,802
Management and general expenses
$160,130
Fundraising expenses
$188,128
Program service expenses (Part III)
$434,802

Program services were 55.5% 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

    $190,082

  • 1e · Government grants (contributions)

    $7,874

  • 1f · All other contributions, gifts and grants

    $784,977

  • 1g · Noncash contributions included above

    $14,300

  • 3 · Investment income

    total $7,157 · excluded $7,157

  • 8a · Fundraising events: gross income

    $150,410

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

    $190,082

  • 8b · Fundraising events: direct expenses

    $150,410

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $111,237 · program services $111,237

  • 5 · Compensation of officers, directors and key employees

    total $148,288 · program services $59,315 · management and general $14,829 · fundraising $74,144

  • 7 · Other salaries and wages

    total $254,612 · program services $124,917 · management and general $52,594 · fundraising $77,101

  • 9 · Other employee benefits

    total $15,397 · program services $7,739 · management and general $3,398 · fundraising $4,260

  • 10 · Payroll taxes

    total $21,729 · program services $10,661 · management and general $4,488 · fundraising $6,580

  • 11b · Fees: legal

    total $80 · management and general $80

  • 11g · Fees: other

    total $62,747 · program services $62,747

  • 12 · Advertising and promotion

    total $26,043 · fundraising $26,043

  • 13 · Office expenses

    total $42,921 · management and general $42,921

  • 16 · Occupancy

    total $12,000 · management and general $12,000

  • 17 · Travel

    total $25,174 · program services $25,174

  • 20 · Interest

    total $4,092 · management and general $4,092

  • 24a · Other expenses: LICENSE FEES

    total $20,676 · management and general $20,676

  • 24b · Other expenses: MENTORING AND TEST PREP

    total $18,712 · program services $18,712

  • 24c · Other expenses: STUDENT COMPUTERS

    total $14,300 · program services $14,300

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $5,052 · management and general $5,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,973 · end of year $470,472

  • 2 · Savings and temporary cash investments

    beginning of year $1,010 · end of year $1,011

  • 3 · Pledges and grants receivable

    beginning of year $103,815 · end of year $161,781

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,070 · end of year $23,840

  • 11 · Investments: publicly traded securities

    beginning of year $735,906 · end of year $824,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,995 · end of year $125,344

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $146,400

  • 27 · Net assets without donor restrictions

    beginning of year $535,513 · end of year $622,776

  • 28 · Net assets with donor restrictions

    beginning of year $480,266 · end of year $587,397

Mission and programs · 2022

Mission

TRANSFORMING THE LIVES OF ACCOMPLISHED HIGH SCHOOL STUDENTS FROM LOW-INCOME FAMILIES BY BROADENING THEIR DREAMS AND PREPARING THEM FOR SUCCESS IN COLLEGE AND BEYOND.

  • FUNDED COLLEGE/UNIVERSITY SUMMER PROGRAMS FOR 92 LOW INCOME STUDENTS. THE GRANTS WERE PAID DIRECTLY TO THE UNIVERSITIES. ADDITIONALLY, FUNDED TRAINING AND COUNSELING FOR 57 LOW INCOME SENIOR HIGH SCHOOL STUDENTS IN APPLYING FOR COLLEGE ADMISSION AND SEEKING COLLEGE TUITION.

    Expenses $434,802 · Grants $111,237

As filed on the 2022 return.

Listed in Part VII

  • Brady Miller

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ian Macgillivray

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Taylor Portman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Isaac Solano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dotan Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jamie Jorgensen

    DIRECTOR (LEFT OCT 2022)

    Total calculated
    $0
    Hours/week
    2

  • Kristin Kirkpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Portugal

    DIRECTOR (BEGAN OCT 2022)

    Total calculated
    $0
    Hours/week
    2

  • Anata Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Mitchell

    DIRECTOR (BEGAN FEB 2023)

    Total calculated
    $0
    Hours/week
    2

  • Kate Brenan

    CEO

    Total calculated
    $148,287
    From this org
    $126,750
    From related orgs
    $0
    Other
    $21,537
    Hours/week
    45

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.

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
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349309714

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