Nurturing Minds Inc
- Assets
- $5.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Newtonville, MA
- Founding
- 01/2008
- Data as of
- 06/2021
- EIN
- 20-8870624
Organization Overview
Nurturing Minds Inc is located in Newtonville, MA. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Nurturing Minds Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nurturing Minds 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 06/2021, Nurturing Minds Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 6.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NURTURING MINDS, INC.'S MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR QUALITY SECONDARY EDUCATION TO TANZANIAN GIRLS WHO ARE POOR, MARGINALIZED, OR AT RISK OF BECOMING CHILD LABORERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR QUALITY SECONDARY EDUCATION TO GIRLS IN TANZANIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Dedominicis Executive Di | Officer | 30 | $76,285 |
Annie DE Cossy Forsyth Chair | OfficerTrustee | 5 | $0 |
Brenda Shay Duska Treasurer | OfficerTrustee | 5 | $0 |
Pauline Dolan Co-Founder | OfficerTrustee | 5 | $0 |
Tracey Dolan Co-Founder | OfficerTrustee | 1 | $0 |
Angela Mcmanus Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,920,164 |
| Noncash contributions included in lines 1a–1f | $67,862 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,930,833 |
| Total Program Service Revenue | $0 |
| Investment income | $97,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,086,045 |
| 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 | $989,572 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,852 |
| Compensation of current officers, directors, key employees. | $11,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,493 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,405 |
| All other expenses | $906 |
| Total functional expenses | $1,293,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,134 |
| Savings and temporary cash investments | $560,362 |
| Pledges and grants receivable | $1,788,382 |
| 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 | $9,712 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,352,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,907,448 |
| Accounts payable and accrued expenses | $7,896 |
| 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 | $1,521 |
| Total liabilities | $9,417 |
| Net assets without donor restrictions | $1,195,678 |
| Net assets with donor restrictions | $4,702,353 |
| 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 | $5,907,448 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Nurturing Minds Inc has recieved totaling $1,476,731.
| Awarding Organization | Amount |
|---|---|
Woka Foundation Newbury Park, CA PURPOSE: GENERAL OPERATING SUPPORT | $600,000 |
Woka Foundation Newbury Park, CA PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
Forster-Connolly Foundation Washington, DC PURPOSE: CHARITABLE | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $88,951 |
C G Charitable Fund Layton, UT PURPOSE: EDUCATION OF AT RISK TANZANIAN GIRLS | $75,000 |
Kendall Family Foundation Weston, CT PURPOSE: GENERAL OPERATING | $70,000 |
Endowment Analysis
| Beg. Balance | $2,360,008 |
| Earnings | $406,504 |
| Net Contributions | $1,452,079 |
| Ending Balance | $4,218,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |