Minds Matter National Inc
- Assets
- $1.2m
- Revenue
- $889.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 13-3688434
Organization Overview
Minds Matter National Inc is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Minds Matter National Inc employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Minds Matter National Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Minds Matter National Inc generated $889.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $497.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINDS MATTER HAS FOURTEEN SEPARATELY INCORPORATED CHAPTERS ACROSS THE COUNTRY THROUGH AFFILIATION/LICENSING AGREEMENTS. TOGETHER, THE ORGANIZATION AND ITS AFFILIATED CHAPTERS ARE SERVED BY MORE THAN 2,000 VOLUNTEERS AND FEWER THAN TWENTY PAID STAFF. THE NATIONAL ORGANIZATION PROVIDES A VARIETY OF SERVICES TO SUPPORT THE CHAPTERS, WITH MOST PROGRAM EXPENSES HELD AT THE CHAPTER LEVEL AND MOST ADMINISTRATIVE AND FUNDRAISING EXPENSES HELD BY THE ORGANIZATION. THE NATIONAL ORGANIZATION PROVIDES TOOLS AND RESOURCES TO SUPPORT EACH CHAPTER'S PROGRAMMING MARKETING, FUNDRAISING, LEGAL, INFORMATION TECHNOLOGY, METRICS/DATA MANAGEMENT AND FINANCIAL MANAGEMENT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashish Shah Co-Chair | OfficerTrustee | 2 | $0 |
Leanne Huebner Co-Chair | OfficerTrustee | 5 | $0 |
Deb Mcginn Secretary/treas | OfficerTrustee | 5 | $0 |
Brent Ashton Vice Chair | OfficerTrustee | 2 | $0 |
Jon Bernstein Director | Trustee | 1 | $0 |
Michael Recht Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $713,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,635 |
| Total Program Service Revenue | $175,800 |
| Investment income | $233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,604 |
| Compensation of current officers, directors, key employees. | $22,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,922 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,141 |
| Payroll taxes | $17,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,851 |
| Advertising and promotion | $0 |
| Office expenses | $7,511 |
| Information technology | $10,150 |
| Royalties | $0 |
| Occupancy | $6,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,019 |
| All other expenses | $0 |
| Total functional expenses | $497,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,070,971 |
| Pledges and grants receivable | $287 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,242 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,134 |
| Total assets | $1,182,634 |
| Accounts payable and accrued expenses | $24,659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,659 |
| Net assets without donor restrictions | $1,157,975 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,182,634 |