Exceptional Minds
- Assets
- $3.4m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 56
- Location
- Sherman Oaks, CA
- Founding
- 09/2009
- Data as of
- 06/2022
- EIN
- 80-0392843
Organization Overview
Exceptional Minds is located in Sherman Oaks, CA. The organization was established in 2009. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Exceptional Minds employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exceptional Minds 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, Exceptional Minds generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 11.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE YOUNG ADULTS ON THE AUTISM SPECTRUM WITH TRAINING IN THE FIELD OF DIGITAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULL-TIME VOCATIONAL PROGRAM: OUR FULL-TIME PROGRAM OFFERS SKILLS-BASED TRAINING AND BEHAVIORAL SUPPORT TO TEENS AND ADULTS WITH AUTISM SPECTRUM DISORDER. IT IS A THREE-YEAR PROGRAM (10 MONTHS PER YEAR) WHERE STUDENTS RECEIVE TRAINING IN THE FIELDS OF DIGITAL ARTS AND POST-PRODUCTION.
POST-GRADUATE/CONTINUING ED PROGRAMS. GRADUATES WHO DO NOT YET HAVE THE SKILLS FOR IMMEDIATE EMPLOYMENT IN THE STUDIO PAY FOR A 4TH-YEAR GUIDED INDEPENDENT-STUDY PROGRAM TO HONE AND DEVELOP ADDITIONAL SKILLS NEEDED. STUDENTS CAN ALSO ENROLL IN TARGETED ADVANCED SKILLS AND SOFTWARE COURSES OFFERED ON A ONE-OFF BASIS TO HELP IMPROVE THEIR EMPLOYABILITY.
PART-TIME SKILLS AND VOCATIONAL PROGRAMS: STUDENTS TAKE PART IN AFTER SCHOOL AND SATURDAY PROGRAMS TO LEARN NICHE SKILLS RELATED TO THE ANIMATION AND VISUAL EFFECTS CAREER PATHS. STUDENTS ARE ALSO PROVIDED ONE ON ONE TUTORING TO DEVELOP SPECIFIC SKILLS NEEDED TO ADVANCE IN THE PROGRAM. PROGRAM ALSO INCLUDES A SIX-WEEK SUMMER PROGRAM WHERE TEENS AND ADULTS WITH AUTISM SPECTRUM DISORDER ACQUIRE SKILLS NEEDED TO BECOME ANIMATORS AND MEDIA ARTISTS.
STUDIO PROGRAM: GRADUATES OF THE FULL-TIME PROGRAM USE SKILLS ACQUIRED AT EXCEPTIONAL MINDS TO GENERATE PROGRAM REVENUE FROM PAID CLIENT PROJECTS, TYPICALLY MAJOR MOTION PICTURES AND TELEVISION SHOWS. GRADUATE ARTISTS ALSO RECEIVE ADDITIONAL SUPPORT AND TRAINING FROM THEIR SUPERVISORS AND EM STAFF WITH THE AIM OF EVENTUAL PLACEMENT IN "OUTSIDE" EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Turney Board Chair | OfficerTrustee | 5 | $0 |
Daniel Glasser Vice Chair | OfficerTrustee | 1 | $0 |
Helen Wu Treasurer | OfficerTrustee | 5 | $0 |
Susan Capps Secretary | OfficerTrustee | 4 | $0 |
Richard Gasparian Board Member | Trustee | 4 | $0 |
Ron Burns Board Member (until 1/1/22) | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $335,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,852,168 |
| Noncash contributions included in lines 1a–1f | $391,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,187,668 |
| Total Program Service Revenue | $2,167,401 |
| Investment income | $11,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,007,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,375,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $262,475 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,658 |
| Compensation of current officers, directors, key employees. | $72,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,106,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,675 |
| Payroll taxes | $181,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,052 |
| Fees for services: Accounting | $45,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,601 |
| Fees for services: Investment Management | $4,540 |
| Fees for services: Other | $79,807 |
| Advertising and promotion | $11,085 |
| Office expenses | $9,646 |
| Information technology | $524,228 |
| Royalties | $0 |
| Occupancy | $434,990 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $13,961 |
| Insurance | $19,441 |
| All other expenses | $7,199 |
| Total functional expenses | $4,103,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,060,389 |
| Savings and temporary cash investments | $1,841,450 |
| Pledges and grants receivable | $9,908 |
| Accounts receivable, net | $463,934 |
| 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 | $27,075 |
| Net Land, buildings, and equipment | $11,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,251 |
| Total assets | $3,441,801 |
| Accounts payable and accrued expenses | $192,655 |
| Grants payable | $0 |
| Deferred revenue | $177,993 |
| 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 | $190,993 |
| Total liabilities | $561,641 |
| Net assets without donor restrictions | $2,761,427 |
| Net assets with donor restrictions | $118,733 |
| 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 | $3,441,801 |