The Mind Trust Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Brandon Brown
CEO
$293,127
Leslie Shegog
Executive VP
$209,010
Lauren Rush
SVP Admin &
$158,029
Patrick Jones
SVP Leadersh
$156,966
Kristin Grimme
SVP Strategy
$152,174
Corrie Lapp
Senior VP Of
$145,516

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Instruction Partners
Consulting
$477,750
Surge Institute Inc
Consulting
$350,000
State Education Tech Director Assoc (Setda)
Consulting
$302,425
Strategic Learning Solutions
Consulting
$295,000
Beloved Community
Consulting
$162,000
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, The Mind Trust Inc has awarded $9,660,334 in support to 45 organizations.

Grant RecipientAmount

LIBERTY GROVE SCHOOLS INC

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: SEE ATTACHED

$903,500

Indianapolis, IN

PURPOSE: SEE ATTACHED

$790,183

EMPOWERED FAMILIES INC

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: SEE ATTACHED

$634,229

ROOTED SCHOOL INDIANAPOLIS

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: SEE ATTACHED

$608,000

PARAMOUNT SCHOOLS OF EXCELLENCE

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: SEE ATTACHED

$582,500

STAND FOR CHILDREN LEADERSHIP

Org PageRecipient Profile

Portland, OR

PURPOSE: SEE ATTACHED

$550,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that The Mind Trust Inc has recieved totaling $13,369,921.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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