Form 990 for tax year 2023

Totals

Total revenue

$49,302,138

Total expenses

$43,542,749

Contributions and grants received

$28,353,180

Grants paid

$17,388,870

Program service revenue

$19,896,590

Investment income

$1,193,552

Other revenue

-$141,184

Total assets, end of year

$34,049,326

Total liabilities, end of year

$2,642,074

Net assets or fund balances, end of year

$31,407,252

Program services expenses (Part IX)

$41,748,869

Management and general expenses

$1,314,731

Fundraising expenses

$479,149

Program service expenses (Part III)

$41,748,869

Program services were 95.9% 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.

Mission and programs · 2023

• THE MIND TRUST'S INDIANAPOLIS-BASED TEAM IS PASSIONATE ABOUT IMPROVING EDUCATION AND LIFE OUTCOMES FOR K-12 STUDENTS IN INDIANAPOLIS AND BEYOND. THE MIND TRUST ACHIEVES ITS GOALS BY EXECUTING ON WORK IN THE FOLLOWING AREAS: GROWING GREAT SCHOOLS: THE MIND TRUST HAS SUPPORTED THE LAUNCH OF OVER 50 HIGH-QUALITY PUBLIC SCHOOLS IN INDIANAPOLIS. THE MIND TRUST CONTINUES TO SUPPORT THE GROWTH OF HIGH-QUALITY PUBLIC SCHOOLS THROUGH FELLOWSHIPS AND INVESTMENTS IN SCHOOLS AND NETWORKS THAT HAVE PROVEN RESULTS FOR STUDENTS. SUPPORTING EXISTING SCHOOLS: THE MIND TRUST MANAGES INVESTMENTS AND PARTNERSHIPS TO FOSTER COLLABORATIVE LEARNING, INCREASE STUDENT ACHIEVEMENT, AND ENSURE OPERATIONAL EXCELLENCE FOR A COMMUNITY OF MORE THAN 60 INDIANAPOLIS CHARTER AND INNOVATION NETWORK SCHOOLS. ENGAGING THE COMMUNITY: GREAT SCHOOLS ARE ESSENTIAL FOR A THRIVING INDIANAPOLIS. THE MIND TRUST IS PROUD TO PROVIDE OPPORTUNITIES FOR PEOPLE IN INDIANAPOLIS TO CONNECT WITH SCHOOLS, SUPPORT STUDENTS, AND ADVOCATE TO ENSURE HIGH-QUALITY EDUCATION FOR EVERY STUDENT. THE MIND TRUST'S CURRENT STRATEGIC PLAN HEADLINE GOAL: BY 2027, PUBLIC SCHOOL STUDENTS WITHIN THE INDIANAPOLIS PUBLIC SCHOOLS (IPS) GEOGRAPHY WILL BE SERVED BY A SYSTEM OF AUTONOMOUS SCHOOLS WHERE THREE TIMES AS MANY STUDENTS WILL BE ACADEMICALLY PROFICIENT.

  Expenses $25,559,115 · Grants $17,388,870 · Revenue $19,904,178

• THE MIND TRUST'S TEAM IS FOCUSED ON CREATING AND MANAGING INNOVATIVE PROGRAMS. THE TEAM HAS HELPED DEVELOP AND MANAGE TRANSFORMATIVE PROGRAMS THAT ENHANCE STUDENT LEARNING THROUGH PARTNERSHIPS WITH THE INDIANA DEPARTMENT OF EDUCATION, INCLUDING INDIANA LEARNS, INDY SUMMER LEARNING LABS, AND EXPANDING WHAT WORKS. THESE PROGRAMS PLAY A CRUCIAL ROLE IN ACHIEVING THE MIND TRUST'S GOAL OF TRIPLING INDIANAPOLIS STUDENT PROFICIENCY BY 2027. IN ADDITION, THE MIND TRUST SUPPORTS INDIANAPOLIS PARTNERS TO IMPROVE THE CITY'S EDUCATION ECOSYSTEM AND NATIONAL PARTNERS IN THE DEVELOPMENT OF OTHER CITY PROOF POINTS FOR EDUCATION TRANSITIONS. IN FY24, THE MIND TRUST MANAGED THE INDIANA LEARNS, INDY SUMMER LEARNING LABS, AND EXPANDING WHAT WORKS PROGRAMS AND SUPPORTED A NATIONAL PARTNER IN THE DEVELOPMENT OF PROOF POINTS IN OTHER GEOGRAPHIES.

  Expenses $16,189,754

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• UNITED WAY OF CENTRAL INDIANA

  $5,363,600

  THE GRANT IS PROVIDED TO ASSIST UNITED WAY OF CENTRAL INDIANA IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST THE UNITED WAY OF CENTRAL INDIANA'S EFFORT TO SUPPORT THE IMPLEMENTATION OF A 2023 SUMMER LEARNING PROGRAM FOR INDIANAPOLIS CHARTER SCHOOL STUDENTS IN K-8TH GRADES TO ACCELERATE THEIR ACADEMIC PROGRESS IN ENGLISH/LANGUAGE ARTS AND MATH THROUGH SUMMER BOOST.

• READY INC

  $1,185,000

  THE GRANT IS PROVIDED TO ASSIST READY, INC. IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST READY, INC. IN CREATING A CITY-WIDE VISION FOR EDUCATION SYSTEMS CHANGE TO IMPROVE THE EDUCATION AND LIFE OUTCOMES FOR ROCHESTER, NY STUDENTS.

• HERRON CLASSICAL SCHOOLS

  $1,150,000

  THE GRANT IS PROVIDED TO ASSIST THE HERRON CLASSICAL SCHOOLS IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST THE HERRON CLASSICAL SCHOOLS IN EXPANDING ITS NETWORK OF SCHOOLS IN INDIANAPOLIS AND PROVIDING HIGH DOSAGE TUTORING THROUGH BRIDGES TO READINESS.

• PARAMOUNT SCHOOLS OF EXCELLENCE

  $1,112,000

  THE GRANT IS PROVIDED TO ASSIST PARAMOUNT SCHOOLS OF EXCELLENCE IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST PARAMOUNT SCHOOLS OF EXCELLENCE IN THEIR NETWORK GROWTH THROUGH LAUNCHING AN ALL-GIRLS STEM SCHOOL IN FALL 2024 IN PARTNERSHIP WITH GIRL SCOUTS OF CENTRAL INDIANA.

• TEACH FOR AMERICA

  $975,000

  THE GRANT IS PROVIDED TO ASSIST TEACH FOR AMERICA IN FURTHERING ITS CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST TEACH FOR AMERICA IN RECRUITING AND SUPPORTING TEACHERS FOR INDIANAPOLIS SCHOOLS.

• MATCHBOOK LEARNING SCHOOLS OF INDIANA INC

  $837,500

  THE GRANT IS PROVIDED TO ASSIST THE MATCHBOOK LEARNING SCHOOLS OF INDIANA, INC. IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST MATCHBOOK LEARNING SCHOOLS OF INDIANA, INC. IN EXPANDING ITS NETWORK OF SCHOOLS IN INDIANAPOLIS AND INCREASING STUDENT ACADEMIC PROFICIENCY THROUGH HIGH DOSAGE TUTORING WITH IGNITE.

• TNTP INC

  $750,000

  THE GRANT IS PROVIDED TO RECRUIT, TRAIN, AND SUPPORT TEACHERS TO TEACH IN INDIANAPOLIS PUBLICSCHOOLS, MARION COUNTY PUBLIC SCHOOL DISTRICTS, AND INDIANAPOLIS CHARTER SCHOOLS THROUGHTNTP'S INDIANAPOLIS TEACHING FELLOWS (ITF) PROGRAM.

• STAND FOR CHILDREN

  $550,000

  THE GRANT IS PROVIDED TO ASSIST STAND FOR CHILDREN (PORTLAND, OR) IN FURTHERING ITS CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO SUPPORT STAND FOR CHILDREN (PORTLAND, OR) IN ENGAGING PARENTS AND FAMILIES IN INDIANAPOLIS SCHOOLS BY EQUIPPING THEM WITH THE KNOWLEDGE AND SKILLS NECESSARY TO ADVOCATE FOR STUDENTS.

• CIRCLE CITY PREPARATORY INC

  $514,000

  THE GRANT IS PROVIDED TO ASSIST CIRCLE CITY PREPARATORY INC. IN FURTHERING ITS EDUCATION AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO SUPPORT CIRCLE CITY PREPARATORY INC. WITH STAFF RETENTION AND EXPANSION TO ADD ADDITIONAL SEATS AT CAPACITY, SUPPORT SCHOOL LEADERS IMPACT, AND PROVIDE TRAINING TO LEADERS.

• KIPP INDIANAPOLIS INC

  $490,000

  THE GRANT IS PROVIDED TO ASSIST KIPP INDIANAPOLIS, INC. IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO SUPPORT KIPP INDIANAPOLIS, INC. IN PROVIDING SUPPORT TO EMERGING LEADERS TO INCREASE STUDENT ACADEMIC PROFICIENCY AT THEIR SCHOOL, INCREASE STUDENT ACADEMIC PROFICIENCY THROUGH HIGH DOSAGE TUTORING WITH BRIDGES TO READINESS AND SUPPORT NETWORK EXPANSION PLAN TO ADD ADDITIONAL HIGH QUALITY SEATS FOR STUDENTS.

The 10 largest by cash amount. The API serves every itemized grant.

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.

• TNTP INC

  501(C)(3) · EDUCATION · NY

• UNIVERSITY OF INDIANAPOLIS

  501(C)(3) · EDUCATION · IN

• CENTER FOR INNOVATIVE EDUCATION SOLUTIONS

  501(C)(3) · SUPPORT · IN

Provenance

Return type

form_990

Tax year

2023

Filed

20 March 2025

IRS schema version

2023v6.0

Source object

202520799349300512

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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