Tools Of The Mind
- Assets
- $4.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Shirley, MA
- Founding
- 08/2019
- Data as of
- 06/2021
- EIN
- 83-2864497
Organization Overview
Tools Of The Mind, operating under the name I, is located in Shirley, MA. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2021, I employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I 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 06/2021, I generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ALL CHILDREN LEARN AND DEVELOP TO THEIR FULL POTENTIAL BY APPLYING DEVELOPMENTAL THEORY-BASED PRINCIPLES OF LEARNING TO EARLY CHILDHOOD EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOOLS OF THE MIND IS A RESEARCH-BASED EARLY CHILDHOOD MODEL COMBINING TEACHER PROFESSIONAL DEVELOPMENT WITH A COMPREHENSIVE INNOVATIVE CURRICULUM THAT HELPS YOUNG CHILDREN TO DEVELOP THE COGNITIVE, SOCIAL-EMOTIONAL, SELF-REGULATORY, AND FOUNDATIONAL ACADEMIC SKILLS THEY NEED TO SUCCEED IN SCHOOL AND BEYOND. TOOLS OF THE MIND IS DESIGNED TO SUPPORT THE DEVELOPMENT OF ALL YOUNG CHILDREN. TOOLS CURRENTLY SERVES OVER 40,000 CHILDREN IN PREK AND K CLASSROOMS THAT RUN THE GAMUT FROM SMALL RURAL SCHOOL DISTRICTS, TO LARGE URBAN DISTRICTS; FROM CHARTER SCHOOLS TO PUBLICLY FUNDED PROGRAMS SERVING CHILDREN FROM LOW-RESOURCE FAMILIES. TOOLS OF THE MIND GIVES TEACHERS THE TOOLS TO ENSURE EVERY CHILD BECOMES A SUCCESSFUL LEARNER, DEVELOPING THE UNDERLYING COGNITIVE, SOCIAL AND EMOTIONAL SKILLS NEEDED TO REACH HIS OR HER HIGHEST POTENTIAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Leong Director | Trustee | 37.5 | $137,898 |
Barbara Wilder-Smith Secretary/ E | OfficerTrustee | 37.5 | $134,246 |
Oliver Saunders Wilder Lead Technol | 37.5 | $121,163 | |
Megan Spacciapoli Dir. Of Eval | 37.5 | $114,303 | |
Cynthia Cadigan Finance & Ad | 37.5 | $108,063 | |
Nathaniel Foote Chair | OfficerTrustee | 8 | $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 | $2,808,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,808,000 |
| Total Program Service Revenue | $2,464,980 |
| Investment income | $6,480 |
| 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 | $5,282,072 |
| 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. | $302,351 |
| Compensation of current officers, directors, key employees. | $121,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,789,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $476,808 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,575 |
| Fees for services: Accounting | $13,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $375,768 |
| Advertising and promotion | $898 |
| Office expenses | $34,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,015 |
| Insurance | $8,098 |
| All other expenses | $475 |
| Total functional expenses | $3,131,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,682 |
| Savings and temporary cash investments | $3,510,009 |
| Pledges and grants receivable | $843,750 |
| Accounts receivable, net | $60,273 |
| 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 | $26,860 |
| Net Land, buildings, and equipment | $1,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,682,421 |
| Accounts payable and accrued expenses | $265,182 |
| Grants payable | $0 |
| Deferred revenue | $76,575 |
| 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 | $401,567 |
| Other liabilities | $0 |
| Total liabilities | $743,324 |
| Net assets without donor restrictions | $2,321,998 |
| Net assets with donor restrictions | $1,617,099 |
| 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 | $4,682,421 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tools Of The Mind has recieved totaling $50,022.
| Awarding Organization | Amount |
|---|---|
Merle Chambers Fund Denver, CO PURPOSE: GENERAL SUPPORT (MULTI-YEAR) | $25,000 |
Merle Chambers Fund Denver, CO PURPOSE: GENERAL SUPPORT (MULTI-YEAR) | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Brothers Of Mercy Of Montabaur Apartment Complex Inc Clarence, NY | $17,902,885 | $4,243,633 |
Resist Inc Jamaica Plain, MA | $7,004,475 | $7,102,680 |
Community Life Center Inc New York, NY | $644,812 | $3,859,837 |
Quincy Point Congregational Church Homes Inc Quincy, MA | $91,051,242 | $3,401,852 |
Tools Of The Mind Shirley, MA | $4,682,421 | $5,282,072 |
Overcoming Love Ministries Inc Woodhaven, NY | $3,350,912 | $2,614,539 |
Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |
Freeport Bible Center Inc Freeport, NY | $4,188,927 | $2,667,487 |
Hoffberger Fund For Biblical Studies Ltd Inwood, NY | $993,193 | $2,815,273 |