Mindspark Learning
- Assets
- $2.6m
- Revenue
- $2.1m
- Investments
- $533.2k
- Employees
- 36
- Location
- Lakewood, CO
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-4615131
Organization Overview
Mindspark Learning is located in Lakewood, CO. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Mindspark Learning employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mindspark Learning 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 12/2022, Mindspark Learning generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. 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 TEACH AND INSPIRE EDUCATORS IN EMERGING PRACTICES FOR A 21ST CENTURY WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL LEARNING EXPERIENCES: IN-PERSON WORK SESSIONS HELD AT OUR LEARNING FACILITY, IN SCHOOLS OR AT OTHER LOCATIONS CONVENIENT TO THE EDUCATORS WE SERVE.IN-SCHOOL CONSULTING: HIGHLY CUSTOMIZED SESSIONS DEVELOPED TO ADDRESS INDIVIDUAL AREAS OF NEED, FROM REDESIGNING CLASSROOMS FOR GREATER IMPACT, TO USING TECHNOLOGY MORE EFFECTIVELY IN THE CLASSROOM, TO SOLVING PROBLEMS THROUGH DESIGN THINKING, TO A VARIETY OF OTHER NEEDS AS IDENTIFIED BY OUR COLLECTIVE TEAMS.LEADERSHIP INNOVATION PROGRAMS: HIGHLY COLLABORATIVE, COHORT-DRIVEN PROGRAMS BASED ON RESEARCH AND PROVEN PRACTICES DESIGNED FOR SCHOOL LEADERS TO MAKE SIGNIFICANT IMPACT BY LEVERAGING LEARNING, SUCCESSES, AND FAILURES FROM BUSINESS AND OTHER SECTORS IN ADDITION TO EDUCATION. YEAR TO DATE MINDSPARK HAS WORKED WITH OVER 2,574 DISTRICTS, 7,741 SCHOOLS, 37,174 EDUCATORS, IMPACTING 1,145,220 STUDENTS.
WE PROVIDE 11,000 SQUARE-FOOT SPACE DESIGNED FOR EDUCATORS AS A CENTER FOR CREATIVITY, COLLABORATION, AND INNOVATION. THE SPACE SERVES AS HEADQUARTERS TO MINDSPARK LEARNING AND IS THE SITE OF ONGOING PROFESSIONAL LEARNING OFFERED BY OUR ORGANIZATION. OUR SPACE IS ALSO AVAILABLE FOR USE BY EDUCATORS, SCHOOLS, DISTRICTS, EDUCATION-BASED ORGANIZATIONS, AND OTHER NON-PROFIT AND FOR-PROFIT GROUPS, WITH THE ULTIMATE GOAL OF CONNECTING LEADING INDUSTRY AND BUSINESS TO EDUCATION.
OUR WORKSHOPS, TRAININGS, INSTITUTES, AND MEMBERSHIPS TO OUR FACILITY PROVIDE PROFESSIONAL DEVELOPMENT TOPICS INCLUDING DESIGN THINKING, EDTECH, MINDFULNESS AND SOCIAL EMOTIONAL LEARNING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Farnam Chair | OfficerTrustee | 5 | $0 |
Mike Papi Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Adeeb Khan Board Member | Trustee | 1 | $0 |
Bridget Coughlin PHD Board Member | Trustee | 1 | $0 |
Carrie Morgridge Board Member | Trustee | 1 | $0 |
John Morgridge Board Member | Trustee | 1 | $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 | $1,092,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,092,735 |
| Total Program Service Revenue | $953,148 |
| Investment income | $6,600 |
| 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 | $2,101,827 |
| 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. | $574,327 |
| Compensation of current officers, directors, key employees. | $357,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,546,086 |
| Pension plan accruals and contributions | $87,931 |
| Other employee benefits | $65,308 |
| Payroll taxes | $172,156 |
| 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 | $501,453 |
| Advertising and promotion | $148,713 |
| Office expenses | $132,424 |
| Information technology | $55,350 |
| Royalties | $0 |
| Occupancy | $109,088 |
| Travel | $191,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,681 |
| Insurance | $27,972 |
| All other expenses | $33,938 |
| Total functional expenses | $4,255,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,490 |
| Savings and temporary cash investments | $367 |
| Pledges and grants receivable | $1,462,857 |
| Accounts receivable, net | $24,210 |
| 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 | $6,284 |
| Net Land, buildings, and equipment | $88,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $533,174 |
| Investments—program-related | $0 |
| Intangible assets | $178,742 |
| Other assets | $0 |
| Total assets | $2,552,082 |
| Accounts payable and accrued expenses | $231,861 |
| Grants payable | $0 |
| Deferred revenue | $181,549 |
| 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 | $494,342 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $907,752 |
| Net assets without donor restrictions | -$258,304 |
| Net assets with donor restrictions | $1,902,634 |
| 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 | $2,552,082 |