Minds Matter
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Denver, CO
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 20-1449487
Organization Overview
Minds Matter is located in Denver, CO. 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 employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Minds Matter 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 generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $787.3k during the year ending 06/2022. While expenses have increased by 26.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TRANSFORMING THE LIVES OF ACCOMPLISHED HIGH SCHOOL STUDENTS FROM LOW-INCOME FAMILIES BY BROADENING THEIR DREAMS AND PREPARING THEM FOR SUCCESS IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED COLLEGE/UNIVERSITY SUMMER PROGRAMS FOR 59 LOW INCOME STUDENTS. THE GRANTS WERE PAID DIRECTLY TO THE UNIVERSITIES. ADDITIONALLY, FUNDED TRAINING AND COUNSELING FOR 25 LOW INCOME SENIOR HIGH SCHOOL STUDENTS IN APPLYING FOR COLLEGE ADMISSION AND SEEKING COLLEGE TUITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Savinay Chandrasekhar Ed Until 2/21 | OfficerTrustee | 40 | $128,600 |
Kate Brenan Current CEO | OfficerTrustee | 45 | $121,250 |
Brady Miller Board Chair | OfficerTrustee | 2 | $0 |
Isaac Solano Secretary | OfficerTrustee | 2 | $0 |
Aaron Smalls Thru 1021 Treasurer | OfficerTrustee | 2 | $0 |
Taylor Portman Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,108 |
| Related organizations | $0 |
| Government grants | $6,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,146,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,239,917 |
| Total Program Service Revenue | $0 |
| Investment income | $1,537 |
| 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 | $1,241,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $113,289 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $12,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,270 |
| Payroll taxes | $32,640 |
| 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 | $86,787 |
| Advertising and promotion | $0 |
| Office expenses | $39,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,500 |
| Travel | $18,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,028 |
| Payments to affiliates | $21,252 |
| Depreciation, depletion, and amortization | $82 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $787,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,973 |
| Savings and temporary cash investments | $1,010 |
| Pledges and grants receivable | $103,815 |
| 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 | $1,070 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $735,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,311,774 |
| Accounts payable and accrued expenses | $145,995 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $295,995 |
| Net assets without donor restrictions | $535,513 |
| Net assets with donor restrictions | $480,266 |
| 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 | $1,311,774 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Minds Matter has recieved totaling $177,439.
| Awarding Organization | Amount |
|---|---|
Westmeath Foundation Wilmington, DE PURPOSE: MINDS MATTER COLLEGE ACCESS MENTORING PROGRAM | $25,000 |
Bender West Foundation Greenwood, CO PURPOSE: EXPANSION TO NORTHERN COLORADO - MILES FOR MINDS CAMPAIGN | $20,000 |
Denver Active 20-30 Childrens Foundation Denver, CO PURPOSE: PROGRAM OPERATION - | $20,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $15,000 |
Junior League Of Denver Incorporated Denver, CO PURPOSE: SUPPORT FOR COLLEGE TUITION FOR THREE STUDENTS | $15,000 |
Endowment Analysis
| Earnings | -$29,734 |
| Net Contributions | $510,000 |
| Ending Balance | $480,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Stand For The Silent Inc Perkins, OK | $889,186 | $11,940,386 |
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |
Success In Education Foundation Salt Lake City, UT | $7,564,005 | $8,489,669 |
Oklahoma Alliance Of Ymcas Inc Oklahoma City, OK | $389,109 | $2,930,749 |
Geneva Glen Camp Incorporated Indian Hills, CO | $9,204,342 | $3,964,068 |
Illuminate Colorado Inc Denver, CO | $1,321,763 | $2,672,102 |
Thrive Inc Oklahoma City, OK | $1,516,185 | $2,804,552 |
Campesinos Sin Fronteras Somerton, AZ | $2,783,493 | $3,390,552 |
Youthworks Santa Fe, NM | $671,806 | $2,396,465 |