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Nonprofiteer
← MINDS MATTER BAY AREA INC

Form 990 for tax year 2022

Filed by MINDS MATTER BAY AREA INC.

Totals

Total revenue
$1,171,108
Total expenses
$675,516
Contributions and grants received
$1,138,951
Grants paid
$61,433
Program service revenue
$0
Investment income
$0
Other revenue
$32,157
Total assets, end of year
$1,877,477
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,877,477
Program services expenses (Part IX)
$422,359
Management and general expenses
$107,064
Fundraising expenses
$146,093
Program service expenses (Part III)
$422,359

Program services were 62.5% 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

    $9,253

  • 1f · All other contributions, gifts and grants

    $1,129,698

  • 8a · Fundraising events: gross income

    $0

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

    $9,253

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $32,157 · excluded $32,157

  • 11e · Other revenue, total

    $32,157

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $61,433 · program services $61,433

  • 5 · Compensation of officers, directors and key employees

    total $198,400 · program services $99,200 · management and general $49,600 · fundraising $49,600

  • 7 · Other salaries and wages

    total $124,792 · program services $124,792

  • 9 · Other employee benefits

    total $16,990 · program services $12,620 · management and general $2,185 · fundraising $2,185

  • 10 · Payroll taxes

    total $13,786 · program services $13,786

  • 12 · Advertising and promotion

    total $94,308 · fundraising $94,308

  • 13 · Office expenses

    total $40,679 · management and general $40,679

  • 21 · Payments to affiliates

    total $14,600 · management and general $14,600

  • 24a · Other expenses: COMMUNITY EXPENSES

    total $90,257 · program services $90,257

  • 24b · Other expenses: TEAM BUILDING AND DEVEL

    total $20,271 · program services $20,271

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,312,334 · end of year $1,833,842

  • 2 · Savings and temporary cash investments

    beginning of year $28,090 · end of year $18,345

  • 3 · Pledges and grants receivable

    beginning of year $147,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,821 · end of year $25,290

  • 10a · Land, buildings and equipment: cost or other basis

    $10,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,715 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,531,530 · end of year $1,877,477

Mission and programs · 2022

Mission

MINDS MATTER BAY AREA (MMBAY) IS AN EDUCATION NONPROFIT THAT 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.WE GUIDE DRIVEN YET UNDERSERVED STUDENTS TO GRADUATE FROM THE NATION'S MOST SELECTIVE COLLEGES.

Activities or mission (Part I)

MINDS MATTER BAY AREA (MMBAY) IS AN EDUCATION NONPROFIT THAT GUIDES DRIVEN YET UNDERSERVED STUDENTS TO GRADUATE FROM THE NATION'S MOST SELECTIVE COLLEGES.

  • SEE SCHEDULE OSOPHOMORE PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE COST OF SUMMER STUDY PROGRAMS FOR STUDENTS WHICH INCLUDED TUITION AND TRAVEL EXPENSES FOR LOW INCOME HIGH SCHOOL SOPHOMORES.JUNIOR PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE COST OF SUMMER STUDY PROGRAMS FOR STUDENTS WHICH INCLUDED TUITION AND TRAVEL EXPENSES FOR LOW INCOME HIGH SCHOOL JUNIORS.SENIOR PROGRAM IS DEDICATED TO SUPPORTING STUDENTS THROUGH THE COLLEGE APPLICATION PROCESS, WHICH INCLUDES ACADEMIC ELEMENTS OF THE SOPHOMORE AND JUNIOR PROGRAMS AS WELL AS WORKSHOPS ON FINANCIAL AID AND SCHOLARSHIPS.THE ORGANIZATION RECEIVED DONATED SERVICES FROM A VARIETY OF UNPAID VOLUNTEERS TO ASSIST PROGRAMS OR PROVIDE ADMINISTRATIVE ASSISTANCE. THE ESTIMATED HOURS OF SERVICES PROVIDED BY UNPAID VOLUNTEERS FOR THE YEAR ENDED JUNE 30, 2022 TOTALED 40,188 AND THE ESTIMATED VALUE WAS APPROXIMATELY $1,429,000.

    Expenses $422,359 · Grants $61,433

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

Listed in Part VII

  • Lee Fitzgerald

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Akash Pradhan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Alex Vander Linde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Alice Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Edith Chao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Edward Wexler-Beron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Jeff Brummett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Taylor Bollman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Tim Millikin

    DIRECTOR (FORMER)

    Total calculated
    $0
    Hours/week
    2.5

  • Todd Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Irene Shih

    CEO

    Total calculated
    $177,500
    From this org
    $177,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $177,500

  • Niharika Ray

    COO

    Total calculated
    $114,920
    From this org
    $114,920
    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. 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
13 May 2024
IRS schema version
2022v5.0
Source object
202431349349308198

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