Minds Matter
- Assets
- $318.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2004
- Data as of
- 06/2021
- EIN
- 20-4855745
Organization Overview
Minds Matter is located in Chicago, IL. 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. 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 06/2021, Minds Matter generated $183.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $90.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SOPHOMORE PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR YEAR UNIVERSITY.JUNIOR PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR YEAR UNIVERSITY. THE SENIOR PROGRAM IS DEDICATED TO SUPPORTING STUDENT THROUGH THE COLLEGE APPLICATION PROCESS, WHICH INCLUDES ACADEMIC ELEMENTS OF THE SOPHOMORE AND JUNIOR PROGRAMS AS WELL AS WORKSHOPS ON FINANCIAL AID AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridgid Albers Secretary | 2 | $0 | |
Caleb Watkins Director | 2 | $0 | |
Rhonda Bell Chair | 2 | $0 | |
Susan Mccolgan Director | 2 | $0 | |
William Malcyzk Treasurer | 2 | $0 | |
Daphne Kinzig Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,204 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $70 |
| Total Revenue | $183,274 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,519 |
| Professional fees and other payments to independent contractors | $8,029 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,033 |
| Total expenses | $90,431 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $318,016 |
| Other assets | $0 |
| Total assets | $318,016 |
| Total liabilities | $0 |
| Net assets or fund balances | $318,016 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Minds Matter has recieved totaling $42,353.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $13,250 |
Reach Higher Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,103 |
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