Form 990 for tax year 2024
Filed by MINDS OF THE FUTURE FOUNDATION.
Totals
- Total revenue
- $1,121,820
- Total expenses
- $731,278
- Contributions and grants received
- $1,121,757
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $63
- Other revenue
- $0
- Total assets, end of year
- $529,800
- Total liabilities, end of year
- $189,686
- Net assets or fund balances, end of year
- $340,114
- Program services expenses (Part IX)
- $637,242
- Management and general expenses
- $75,553
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $714,999
Program services were 87.1% 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.
-
1e · Government grants (contributions)
$851,076
-
1f · All other contributions, gifts and grants
$270,681
-
3 · Investment income
total $63 · unrelated business $63
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $159,902 · program services $159,902
-
10 · Payroll taxes
total $28,258 · program services $28,258
-
11c · Fees: accounting
total $6,600 · program services $6,600
-
12 · Advertising and promotion
total $26,278 · management and general $26,278
-
13 · Office expenses
total $1,093 · management and general $1,093
-
16 · Occupancy
total $86,974 · program services $86,974
-
20 · Interest
total $3,692 · management and general $3,692
-
22 · Depreciation, depletion and amortization
total $18,483
-
23 · Insurance
total $20,960 · management and general $20,960
-
24a · Other expenses: Program Expense
total $186,919 · program services $186,919
-
24b · Other expenses: Gifts In-Kind Goods
total $82 · management and general $82
-
24c · Other expenses: Postage and Delivery
total $60 · management and general $60
-
24d · Other expenses: Software Expense
total $998 · management and general $998
-
24e · All other expenses
total $190,979 · program services $168,589 · management and general $22,390 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $139,784 · end of year $79,229
-
7 · Other notes and loans receivable
beginning of year $439,890 · end of year $365,269
-
10a · Land, buildings and equipment: cost or other basis
$96,015
-
10b · Land, buildings and equipment: accumulated depreciation
$10,713
-
10c · Land, buildings and equipment, net
beginning of year $42,281 · end of year $85,302
-
17 · Accounts payable and accrued expenses
beginning of year $35,000 · end of year $35,000
-
23 · Secured mortgages and notes payable
beginning of year $35,000 · end of year $35,000
-
24 · Unsecured notes and loans payable
beginning of year $192,004 · end of year $119,686
Listed in Part VII
-
Cynthia Smith
President
- Total calculated
- $0
- Hours/week
- 40 + 40 related
-
Keyana Smith
Director
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
Tiaria Howard
Vice President
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
Seneshia Stewart
Secretary
- Total calculated
- $0
- Hours/week
- 10 + 10 related
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 February 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501279349302435
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