The Mind Trust Inc is located in Indianapolis, IN. The organization was established in 2007. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 06/2022, Mind Trust Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mind Trust 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, Mind Trust Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $19.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mind Trust Inc has awarded 147 individual grants totaling $33,077,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MIND TRUST WAS FOUNDED IN 2006 WITH THE GOAL OF TRANSFORMING INDIANAPOLIS' K-12 EDUCATION LANDSCAPE TO ENSURE THAT ALL INDIANAPOLIS STUDENTS HAVE THE OPPORTUNITY TO RECEIVE A HIGH-QUALITY EDUCATION. OVER THE LAST 16 YEARS, THE MIND TRUST HAS SUPPORTED THE LAUNCH OF 45 PUBLIC SCHOOLS AND 15 EDUCATION NONPROFIT ORGANIZATIONS IN INDIANAPOLIS. THE MIND TRUST INVESTS IN PUBLIC EDUCATION TO TRANSFORM LIVES IN NEIGHBORHOODS ACROSS INDIANAPOLIS. THE MIND TRUST WORKS TOWARD A DAY WHEN RACE AND INCOME ARE NO LONGER PREDICTORS OF LIFE OUTCOMES. THE MIND TRUST EXECUTES ON THIS GOAL BY CONTINUOUSLY PURSUING RACIAL EQUITY; ENSURING STUDENTS HAVE ACCESS TO HIGH-QUALITY SCHOOLS AND EDUCATORS; EMPOWERING FAMILIES AND COMMUNITIES; AND SUSTAINING A STRONG EDUCATION LANDSCAPE IN INDIANAPOLIS THEREBY SUPPORTING, BENEFITTING, AND PERFORMING THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE UNIVERSITY OF INDIANAPOLIS AND TNTP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIND TRUST OPERATES THREE INCUBATORS - THE INNOVATION SCHOOL FELLOWSHIP, THE CHARTER SCHOOL FELLOWSHIP, AND THE EDUCATION ENTREPRENEUR FELLOWSHIP - THAT HELP GROW HIGH QUALITY PUBLIC SCHOOLS AND EDUCATION NONPROFITS IN INDIANAPOLIS. THE INNOVATION SCHOOL FELLOWSHIP HELPS LAUNCH INNOVATION NETWORK SCHOOLS, AUTONOMOUS PUBLIC SCHOOLS WITHIN THE INDIANAPOLIS PUBLIC SCHOOLS, THE CITY'S LARGEST SCHOOL DISTRICT, AND THE MIND TRUST'S EDUCATOR EMPOWERMENT AWARDS HELP HIGH-PERFORMING SCHOOLS CONVERT TO INNOVATION NETWORK SCHOOL STATUS. THROUGH ITS CHARTER SCHOOL FELLOWSHIP, THE MIND TRUST HELPS LAUNCH OR EXPAND EXCELLENT PUBLIC CHARTER SCHOOLS, AUTONOMOUS SCHOOLS THAT OPERATE INDEPENDENTLY OF THE SCHOOL DISTRICT AND ARE FREE FROM MANY STATE REGULATIONS, ALLOWING THEM TO BE MORE INNOVATIVE AND FLEXIBLE IN THE CLASSROOM. THE EDUCATION ENTREPRENEUR FELLOWSHIP LAUNCHES INNOVATIVE, HIGH-QUALITY NONPROFIT EDUCATION ORGANIZATIONS THAT ADDRESS SPECIFIC CHALLENGES FACING LOCAL SCHOOLS AND STUDENTS. THE MIND TRUST AMPLIFIES THE VOICES OF COMMUNITIES TO ADVOCATE FOR EDUCATIONAL EQUITY AND CHANGE BY ESTABLISHING AND ENHANCING PARTNERSHIPS WITH COMMUNITY MEMBERS AND ORGANIZATIONS TO ADDRESS BARRIERS FOR MARGINALIZED STUDENTS. TO SUPPORT AND ENGAGE THE COMMUNITY, THE MIND TRUST AWARDS SCHOOL COMMUNITY PARTNERSHIP INVESTMENTS TO INCREASE PARTNERSHIPS BETWEEN K-12 PUBLIC SCHOOLS, COMMUNITY-BASED ORGANIZATIONS, NONPROFITS, AND CHURCHES IN INDIANAPOLIS. THE MIND TRUST ALSO HOSTS COMMUNITY CONVERSATIONS, EDUCATION TOURS, AND OTHER EVENTS TO EXPOSE INDIANAPOLIS LEADERS AND STAKEHOLDERS TO THE ISSUES FACING PUBLIC SCHOOLS IN INDIANAPOLIS. THE MIND TRUST IS COMMITTED TO A CONSTANT PURSUIT OF RACIAL EQUITY WITH A FOCUS ON ELIMINATING THE PREDICTABILITY OF RACE IN DETERMINING A STUDENT'S ACADEMIC SUCCESS. THIS FOCUS AND COMMITMENT ARE INTEGRATED THROUGHOUT THE MIND TRUST'S PRIORITIES GIVEN ITS CENTRAL IMPACT ON STUDENT LEARNING. THE MIND TRUST OFFERS INDIANAPOLIS EQUITY COHORTS, WITH SEPARATE TRACKS FOR SCHOOLS AND SCHOOL NETWORKS AND NONPROFITS THAT ALLOW PARTICIPANTS TO EXAMINE BIAS IN STAFF HIRING AND RETENTION PRACTICES, AND BUILD CAPACITY TO LEAD THEIR ORGANIZATIONS' DIVERSITY, EQUITY, AND INCLUSION WORK. THE MIND TRUST ALSO WORKS TO MAINTAIN AND STRENGTHEN THE CONDITIONS FOR STUDENT SUCCESS THROUGH POLICY, ADVOCACY, EFFECTIVE SYSTEM-LEVEL SOLUTIONS, AND COLLABORATION WITHIN THE EDUCATION SECTOR. THE MIND TRUST IS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR ENTREPRENEURIAL EDUCATION VENTURES IN INDIANAPOLIS.
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 TRANSFORMATION. THE MIND TRUST ENGAGED IN SEVERAL PROJECTS IN THE 2021-22 FISCAL YEAR TO SUPPORT OUR INDIANAPOLIS PARTNERS AND NATIONAL PARTNERS IN THE DEVELOPMENT OF PROOF POINTS IN OTHER GEOGRAPHIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brandon Brown CEO | Officer | 40 | $293,127 |
Leslie Shegog Executive VP | 40 | $209,010 | |
Lauren Rush SVP Admin & | 40 | $158,029 | |
Patrick Jones SVP Leadersh | 40 | $156,966 | |
Kristin Grimme SVP Strategy | 40 | $152,174 | |
Corrie Lapp Senior VP Of | 40 | $145,516 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Instruction Partners Consulting | 6/29/22 | $477,750 |
Surge Institute Inc Consulting | 6/29/22 | $350,000 |
State Education Tech Director Assoc (Setda) Consulting | 6/29/22 | $302,425 |
Strategic Learning Solutions Consulting | 6/29/22 | $295,000 |
Beloved Community Consulting | 6/29/22 | $162,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $490,870 |
All other contributions, gifts, grants, and similar amounts not included above | $9,801,940 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,292,810 |
Total Program Service Revenue | $515,904 |
Investment income | $21,942 |
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 | $10,830,656 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,685,334 |
Grants and other assistance to domestic individuals. | $30,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,750,103 |
Pension plan accruals and contributions | $120,005 |
Other employee benefits | $714,094 |
Payroll taxes | $203,609 |
Fees for services: Management | $0 |
Fees for services: Legal | $60,932 |
Fees for services: Accounting | $40,046 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,872 |
Fees for services: Other | $4,773,069 |
Advertising and promotion | $463,904 |
Office expenses | $379,728 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $85,195 |
Travel | $50,735 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $146,692 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $38,098 |
Insurance | $38,156 |
All other expenses | $0 |
Total functional expenses | $19,634,093 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,734,735 |
Savings and temporary cash investments | $1,725,506 |
Pledges and grants receivable | $9,713 |
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 | $1,431,863 |
Net Land, buildings, and equipment | $81,999 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $18,983,816 |
Accounts payable and accrued expenses | $1,958,140 |
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 | $1,958,140 |
Net assets without donor restrictions | $6,868,589 |
Net assets with donor restrictions | $10,157,087 |
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 | $18,983,816 |
Over the last fiscal year, The Mind Trust Inc has awarded $9,660,334 in support to 45 organizations.
Grant Recipient | Amount |
---|---|
Indianapolis, IN PURPOSE: SEE ATTACHED | $903,500 |
Indianapolis, IN PURPOSE: SEE ATTACHED | $790,183 |
Indianapolis, IN PURPOSE: SEE ATTACHED | $634,229 |
Indianapolis, IN PURPOSE: SEE ATTACHED | $608,000 |
Indianapolis, IN PURPOSE: SEE ATTACHED | $582,500 |
Portland, OR PURPOSE: SEE ATTACHED | $550,000 |
Over the last fiscal year, we have identified 22 grants that The Mind Trust Inc has recieved totaling $13,369,921.
Awarding Organization | Amount |
---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: INNOVATION NETWORK SCHOOLS PROGRAM | $3,750,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO IMPROVE OUTCOMES FOR K-12 STUDENTS IN THE U.S. | $1,934,000 |
Richard M Fairbanks Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Richard M Fairbanks Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $1,000,000 |
Eli Lilly And Company Foundation Indianapolis, IN PURPOSE: ADVANCING EDUCATIONAL EQUITY | $900,000 |
Organization Name | Assets | Revenue |
---|---|---|
Ui Labs Chicago, IL | $26,597,327 | $10,302,345 |
Regenstrief Institute Inc Indianapolis, IN | $44,058,559 | $25,322,976 |
The Mind Trust Inc Indianapolis, IN | $18,983,816 | $10,830,656 |
Extension Foundation Kansas City, MO | $2,522,851 | $10,713,284 |
Biostl St Louis, MO | $11,983,607 | $9,906,335 |
Kentucky Pharmacy Education And Research Foundation Inc Frankfort, KY | $611,145 | $5,496,404 |
Civic Consulting Alliance Chicago, IL | $1,929,155 | $5,037,330 |
Beyond Blue Corporation Lexington, KY | $2,739,202 | $2,978,892 |
Center For Computational Science Research Inc River Forest, IL | $2,484,802 | $1,387,253 |
Collaboration For Early Childhood Care And Education Oak Park, IL | $838,106 | $1,572,602 |
School Choice Wisconsin Inc Brookfield, WI | $796,463 | $1,477,762 |
Institute For Reforming Government Inc Madison, WI | $1,089,740 | $1,204,031 |