Minds Matter
- Assets
- $772.9k
- Revenue
- $790.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Porter Ranch, CA
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 27-2984343
Organization Overview
Minds Matter is located in Porter Ranch, CA. 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 4 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 $790.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $620.6k during the year ending 06/2022. While expenses have increased by 20.7% 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
TO TRANSFORM THE LIVES OF ACCOMPLISHED HIGH SCHOOL STUDENTS FROM LOW-INCOME FAMILIES IN LOS ANGELES BY BROADENING THEIR DREAMS AND PREPARING THEM FOR SUCCESS IN COLLEGE AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOPHOMORE PROGRAM: FUNDED COLLEGE SUMMER PROGRAM COSTS FOR 25 LOW INCOME HIGH SCHOOL SOPHOMORES.JUNIOR PROGRAM: FUNDED COLLEGE SUMMER PROGRAM COSTS FOR 23 LOW INCOME HIGH SCHOOL JUNIORS.SENIOR PROGRAM: 21 HIGH SCHOOL SENIORS RECEIVED STIPENDS.VOLUNTEER PROGRAM & OTHER PROGRAMS : GRANTED SCHOLARSHIP ASSISTANCE TO ALUMNI
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 |
|---|---|---|---|
Tina Admans President & CEO | OfficerTrustee | 40 | $130,221 |
Jonathan Levine Board Chair | OfficerTrustee | 2.5 | $0 |
Jessica Day Secretary | OfficerTrustee | 2.5 | $0 |
Alex Evans CFO | OfficerTrustee | 2.5 | $0 |
Saul Armenta Director | Trustee | 2.5 | $0 |
Dionne Harmon Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $790,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $790,044 |
| Total Program Service Revenue | $0 |
| Investment income | $344 |
| 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 | $790,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $138,166 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,109 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $32,971 |
| Advertising and promotion | $10,399 |
| Office expenses | $11,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $64,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $13,628 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,114 |
| Total functional expenses | $620,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,443 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,065 |
| 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 | $1,291 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $269,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $772,931 |
| Accounts payable and accrued expenses | $31,448 |
| 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 | $31,448 |
| Net assets without donor restrictions | $711,483 |
| Net assets with donor restrictions | $30,000 |
| 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 | $772,931 |