Minds Matter
- Assets
- $447.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 46-3036059
Organization Overview
Minds Matter is located in Seattle, WA. 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 $155.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $116.0k during the year ending 06/2022. While expenses have increased by 17.9% 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
MINDS MATTER OF SEATTLE, INC. PRINCIPAL PROGRAM EXPENSES INCLUDE 1) COVERING THE COSTS OF STUDENTS ATTNEDING SUMMER ENRICHMENT PROGRAMS AROUND THE COUNTRY, INCLUDING TRANSPORTATION IF REQUIRED. 2) COVERING THE COSTS OF LUNCH FOR STUDENTS AT SATURDAY SESSIONS. 3) COVERING THE COSTS OF EXPENSES THAT SERVE AS BARRIERS TO STUDENT SUCCESS, INCLUDING CALCULATORS, BOOKS, TEST PREPARATION MATERIALS, APPLICATION FEES, TEST FEES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Hendershott President | 1 | $0 | |
Steve Kern Vice President | 1 | $0 | |
Richard Holmes Treasurer | 1 | $0 | |
Victor Zamora Executive Dir. | 1 | $0 | |
Forrest Collman Director | 1 | $0 | |
Amulya Cherala Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,269 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $170 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $155,439 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,764 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,893 |
| Total expenses | $116,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $447,228 |
| Other assets | $0 |
| Total assets | $447,228 |
| Total liabilities | $15,721 |
| Net assets or fund balances | $431,507 |