Mind Education
- Assets
- $28.5m
- Revenue
- $32.1m
- Investments
- $0.0
- Employees
- 314
- Location
- Irvine, CA
- Founding
- 02/1999
- Data as of
- 06/2023
- EIN
- 33-0798804
Organization Overview
Mind Education is located in Irvine, CA. The organization was established in 1999. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 06/2023, Mind Education employed 314 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mind Education 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 06/2023, Mind Education generated $32.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $33.0m during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EQUIPPING STUDENTS TO SOLVE THE WORLD'S MOST CHALLENGING PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIND EDUCATION HAS REACHED 2.28 MILLION STUDENTS AND 115,000 EDUCATORS ACROSS THE COUNTRY WITH ST MATH AND OTHER COMMUNITY ACTIVITIES. APPROXIMATELY TWO-THIRDS OF STUDENTS IN THE PROGRAM ARE LOW-INCOME AND ELIGIBLE FOR THE FEDERAL FREE AND REDUCED LUNCH PROGRAM.
AS ONE OF ITS FOUNDING PURPOSES, MIND EDUCATION CONDUCTS BASIC AND APPLIED RESEARCH IN MATHEMATICS, PSYCHOLOGY, AND EDUCATION TO ADVANCE KNOWLEDGE ON HOW WE THINK, REASON, AND CREATE; IMPROVE THE COGNITIVE PERFORMANCE OF INDIVIDUALS; AND INCREASE CORE KNOWLEDGE OF MATHEMATICS. RESEARCH IS CONDUCTED BY MIND EDUCATION AND IN COLLABORATION WITH WORLD-CLASS UNIVERSITIES AND RESEARCH INSTITUTIONS. IN ORDER TO LEAD THE LEARNING REVOLUTION, MIND EDUCATION PUBLISHES RESULTS FROM ITS MORE THAN 50 INNOVATIVE RESEARCH PROGRAMS IN NUMEROUS PRESTIGIOUS SCIENTIFIC JOURNALS, AND ABSTRACTS FOR PRESENTATIONS AT NATIONAL AND INTERNATIONAL SCIENTIFIC CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Woudenberg Chief Executive Officer | OfficerTrustee | 40 | $610,798 |
Mark Bodner Sr. Dir, Research & Board Member | Trustee | 40 | $109,400 |
Chuck Amos Vice Chair | OfficerTrustee | 1 | $0 |
Ellen Bialo Board Member | Trustee | 1 | $0 |
Terry Crane Chair | OfficerTrustee | 1 | $0 |
Don Garcia Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knobbe Martens Olsen Bear Llp Legal | 6/29/18 | $152,402 |
Clever Inc Rostering | 6/29/18 | $385,500 |
Professional Media Group Marketing | 6/29/18 | $268,500 |
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 | $3,473,082 |
| Noncash contributions included in lines 1a–1f | $34,671 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,473,082 |
| Total Program Service Revenue | $28,573,452 |
| Investment income | $83,722 |
| 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 | -$2,826 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,128,532 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,659,637 |
| Compensation of current officers, directors, key employees. | $922,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,203,146 |
| Pension plan accruals and contributions | $445,491 |
| Other employee benefits | $1,797,264 |
| Payroll taxes | $1,061,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,356 |
| Fees for services: Accounting | $90,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,411,473 |
| Advertising and promotion | $300,351 |
| Office expenses | $617,517 |
| Information technology | $2,123,157 |
| Royalties | $0 |
| Occupancy | $972,318 |
| Travel | $1,506,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $460,949 |
| Interest | $2,234,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,028,102 |
| Insurance | $0 |
| All other expenses | $25,872 |
| Total functional expenses | $33,030,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,395,218 |
| Savings and temporary cash investments | $1,581,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,193,623 |
| 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 | $659,691 |
| Net Land, buildings, and equipment | $1,307,008 |
| Investments—publicly traded securities | $7,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,319,572 |
| Other assets | $18,064,378 |
| Total assets | $28,527,994 |
| Accounts payable and accrued expenses | $3,862,315 |
| Grants payable | $0 |
| Deferred revenue | $9,367,708 |
| 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 | $14,425,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,672,365 |
| Total liabilities | $30,327,519 |
| Net assets without donor restrictions | -$3,428,585 |
| Net assets with donor restrictions | $1,629,060 |
| 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 | $28,527,994 |
Grants Awarded
Over the last fiscal year, Mind Education has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF PITTSBURGH PURPOSE: Research collaboration | $35,000 |
NETWORK NEUROLOGY LLC PURPOSE: Research collaboration | $40,000 |