Totals
- Total revenue
- $1,344,875
- Total expenses
- $1,756,978
- Contributions and grants received
- $1,315,738
- Grants paid
- $179,048
- Program service revenue
- $0
- Investment income
- $29,137
- Other revenue
- $0
- Total assets, end of year
- $2,589,082
- Total liabilities, end of year
- $106,178
- Net assets or fund balances, end of year
- $2,482,904
- Program services expenses (Part IX)
- $1,340,344
- Management and general expenses
- $193,047
- Fundraising expenses
- $223,587
- Program service expenses (Part III)
- $1,340,344
Program services were 76.3% 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
$179,014
-
1f · All other contributions, gifts and grants
$1,136,724
-
3 · Investment income
total $29,137 · excluded $29,137
-
8a · Fundraising events: gross income
$96,793
-
8a · Fundraising events: contributions included on line 1c
$179,014
-
8b · Fundraising events: direct expenses
$96,793
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $179,048 · program services $179,048
-
5 · Compensation of officers, directors and key employees
total $176,015 · program services $132,011 · management and general $44,004
-
7 · Other salaries and wages
total $740,459 · program services $598,459 · fundraising $142,000
-
9 · Other employee benefits
total $83,763 · program services $60,372 · management and general $4,567 · fundraising $18,824
-
10 · Payroll taxes
total $71,722 · program services $57,165 · management and general $3,444 · fundraising $11,113
-
11c · Fees: accounting
total $15,211 · management and general $15,211
-
11g · Fees: other
total $124,251 · program services $47,573 · management and general $76,678
-
12 · Advertising and promotion
total $17,069 · fundraising $17,069
-
13 · Office expenses
total $117,606 · program services $65,082 · management and general $17,943 · fundraising $34,581
-
14 · Information technology
total $49,639 · program services $49,639
-
17 · Travel
total $11,256 · program services $11,256
-
24a · Other expenses: PROGRAM EVENTS AND SUPP
total $139,739 · program services $139,739
-
24b · Other expenses: LICENSE FEES- MINDS MAT
total $31,200 · management and general $31,200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,296,369 · end of year $1,273,114
-
2 · Savings and temporary cash investments
beginning of year $1,417,656 · end of year $1,055,682
-
3 · Pledges and grants receivable
beginning of year $160,380 · end of year $248,963
-
9 · Prepaid expenses and deferred charges
beginning of year $8,405 · end of year $3,731
-
15 · Other assets
beginning of year $7,592 · end of year $7,592
-
17 · Accounts payable and accrued expenses
beginning of year $75,395 · end of year $106,178
-
27 · Net assets without donor restrictions
beginning of year $2,440,007 · end of year $2,107,904
-
28 · Net assets with donor restrictions
beginning of year $375,000 · end of year $375,000
Mission and programs · 2024
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 $3 MILLION IN FIRST-YEAR FINANCIAL AID FOR COLLEGE, COVERING 88% 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 $1,340,344 · Grants $178,147
As filed on the 2024 return.
Listed in Part VII
-
Peter AlvarezPETER ALVAREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Michael PugatchMICHAEL PUGATCH
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Melissa YoungerMELISSA YOUNGER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Meaghan MahoneyMEAGHAN MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Angela JohnsonANGELA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Bethany RossiBETHANY ROSSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Avery ZuckAVERY ZUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Trinh LeTRINH LE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Mauricio SanchezMAURICIO SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Joshua GriffinJOSHUA GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jess LeeJESS LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Stephen YihSTEPHEN YIH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jallicia JollyJALLICIA JOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Brendan SmithBRENDAN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Gregory CheryGREGORY CHERY
EXECUTIVE DIRECTOR
- Total calculated
- $170,313
- From this org
- $143,980
- From related orgs
- $0
- Other
- $26,333
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,980
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,333
- Filer's total
- $170,313
-
Lindsey AlvesLINDSEY ALVES
SENIOR DIR OF PROGRAMS
- Total calculated
- $130,884
- From this org
- $106,274
- From related orgs
- $0
- Other
- $24,610
- Hours/week
- 40
-
Meredith TraquinaMEREDITH TRAQUINA
DIR OF DEVELOPMENT
- Total calculated
- $162,608
- From this org
- $143,097
- From related orgs
- $0
- Other
- $19,511
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,097
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,511
- Filer's total
- $162,608
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.
-
501(C)(3) · EDUCATION · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611359349303666
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