Totals
- Total revenue
- $1,532,128
- Total expenses
- $1,555,111
- Contributions and grants received
- $1,514,127
- Grants paid
- $177,762
- Program service revenue
- $0
- Investment income
- $18,001
- Other revenue
- $0
- Total assets, end of year
- $2,890,402
- Total liabilities, end of year
- $75,395
- Net assets or fund balances, end of year
- $2,815,007
- Program services expenses (Part IX)
- $1,129,441
- Management and general expenses
- $176,648
- Fundraising expenses
- $249,022
- Program service expenses (Part III)
- $1,129,441
Program services were 72.6% 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
$263,520
-
1f · All other contributions, gifts and grants
$1,250,607
-
3 · Investment income
total $18,001 · excluded $18,001
-
8a · Fundraising events: gross income
$91,434
-
8a · Fundraising events: contributions included on line 1c
$263,520
-
8b · Fundraising events: direct expenses
$91,434
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $177,762 · program services $177,762
-
5 · Compensation of officers, directors and key employees
total $127,500 · program services $95,625 · management and general $31,875
-
7 · Other salaries and wages
total $625,246 · program services $446,912 · management and general $9,167 · fundraising $169,167
-
9 · Other employee benefits
total $29,725 · program services $21,424 · management and general $1,621 · fundraising $6,680
-
10 · Payroll taxes
total $57,339 · program services $41,327 · management and general $3,126 · fundraising $12,886
-
11c · Fees: accounting
total $13,650 · management and general $13,650
-
11g · Fees: other
total $73,503 · management and general $73,503
-
12 · Advertising and promotion
total $60,289 · fundraising $60,289
-
13 · Office expenses
total $85,186 · program services $46,220 · management and general $38,966
-
17 · Travel
total $23,741 · program services $23,741
-
21 · Payments to affiliates
total $49,055 · program services $44,315 · management and general $4,740
-
24a · Other expenses: PROGRAM EVENTS AND SUPP
total $211,089 · program services $211,089
-
24b · Other expenses: APPLICATION FEES
total $12,676 · program services $12,676
-
24c · Other expenses: TESTING EXPENSES
total $8,350 · program services $8,350
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,768,797 · end of year $1,296,369
-
2 · Savings and temporary cash investments
end of year $1,417,656
-
3 · Pledges and grants receivable
beginning of year $93,800 · end of year $160,380
-
9 · Prepaid expenses and deferred charges
beginning of year $1,125 · end of year $8,405
-
15 · Other assets
beginning of year $675 · end of year $7,592
-
17 · Accounts payable and accrued expenses
beginning of year $26,407 · end of year $75,395
-
27 · Net assets without donor restrictions
beginning of year $2,562,990 · end of year $2,440,007
-
28 · Net assets with donor restrictions
beginning of year $275,000 · end of year $375,000
Mission and programs · 2023
Mission
MINDS MATTER 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.
-
100% OF MINDS MATTER BOSTON SENIORS GAINED ADMISSION TO A FOUR-YEAR COLLEGE. SENIORS WERE ALSO AWARDED $2.6 MILLION IN FIRST-YEAR FINANCIAL AID FOR COLLEGE, COVERING 95% OF THEIR FINANCIAL NEED. APPROXIMATELY 97% OF OUR ALUMNI ARE STILL ENROLLED OR HAVE GRADUATED FROM A FOUR-YEAR COLLEGE. MMB HAS ALSO PROVIDED OVER 732,000 HOURS OF DIRECT OUT-OF-SCHOOL PROGRAMMING TO OUR STUDENTS.
Expenses $1,129,441 · Grants $177,762
As filed on the 2023 return.
Listed in Part VII
-
PETER ALVAREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
JOE FANNING
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
MELISSA YOUNGER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
MEAGHAN MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
ANGELA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
MIKE FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
KEVIN FUDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
BETHANY ROSSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
MICHAEL PUGATCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
HENRIETTE RECNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
AVERY ZUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
TRINH LE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
MAURICIO SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
JOSHUA GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
RACHEL KANTER
EXECUTIVE DIR. (THROUGH 6/23)
- Total calculated
- $84,861
- From this org
- $84,861
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
GREGORY CHERY
EXECUTIVE DIR. (STARTED 6/5/23)
- Total calculated
- $81,138
- From this org
- $81,138
- 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.
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.
-
501(C)(3) · EDUCATION · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521029349300012
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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