Minds Matter
- Assets
- $594.7k
- Revenue
- $633.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Porter Ranch, CA
- Founding
- 11/2004
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Minds Matter generated $633.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $525.0k during the year ending 06/2021. While expenses have increased by 21.1% 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andres Curtolo CFO | OfficerTrustee | 2.5 | $0 |
Tina Admans President & CEO | OfficerTrustee | 40 | $0 |
Jessica Day Secretary | OfficerTrustee | 2.5 | $0 |
Alex Evans Director | Trustee | 2.5 | $0 |
Saul Armenta Director | Trustee | 2.5 | $0 |
Mark Borao Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $602,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $628,359 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $633,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,488 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,442 |
| Compensation of current officers, directors, key employees. | $25,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,693 |
| Payroll taxes | $19,566 |
| 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 | $52,537 |
| Advertising and promotion | $6,004 |
| Office expenses | $25,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,998 |
| 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 | $13,796 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,507 |
| Total functional expenses | $525,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65 |
| 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 | $2,281 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $594,724 |
| Accounts payable and accrued expenses | $4,837 |
| 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 | $4,837 |
| Net assets without donor restrictions | $589,887 |
| Net assets with donor restrictions | $0 |
| 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 | $594,724 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Minds Matter has recieved totaling $59,415.
| Awarding Organization | Amount |
|---|---|
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF COLLEGE ACCESS SERVICES IN LOS ANGELES COUNTY | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,896 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,200 |
Albatross Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Kimley-Horn Foundation Raleigh, NC PURPOSE: GENERAL SUPPORT | $2,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cityserve Network Bakersfield, CA | $4,069,087 | $94,473,161 |
Movement Strategy Center Oakland, CA | $26,305,991 | $30,747,629 |
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |