Minds Matter
- Assets
- $348.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 45-1602619
Organization Overview
Minds Matter is located in Philadelphia, PA. 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 06/2022, Minds Matter generated $107.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $87.8k during the year ending 06/2022. While expenses have increased by 1.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OVER THE COURSE OF FOUR YEARS, MINDS MATTER PROVIDES OVER 160 HOURS OF IN-PERSON TUTORING IN MATH, WRITING, CRITICAL THINKING AND STANDARDIZED TEST PREPARATION. MINDS MATTER PROVIDES EACH STUDENT WITH TWO DEDICATED COLLEGE-EDUCATED MENTORS THAT PROVIDE OVER 150 HOURS OF IN-CLASS SUPPORT TO THEIR MENTEE. MINDS MATTER ALLOWS STUDENTS TO ATTEND TWO PRESTIGIOUS COLLEGE SUMMER PROGRAMS AT NO COST TO THE FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Koslosky Board Chair | 5 | $0 | |
Jennifer Johnson Director | 1 | $0 | |
Cara Gentile Director | 1 | $0 | |
Tony Dejarnette Director | 1 | $0 | |
Joffre Wells Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,897 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $567 |
| Total Revenue | $107,464 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,138 |
| Total expenses | $87,824 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $348,286 |
| Other assets | $0 |
| Total assets | $348,286 |
| Total liabilities | $0 |
| Net assets or fund balances | $348,286 |