MINDS MATTER: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MINDS MATTER (EIN 32-0191502)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202411359349304161
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T10:00:04-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN812950760PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SAX LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11040 AVENUE OF THE AMERICAS 16TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN320191502EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MINDS MATTER OF NYC INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMINDBusinessNameControlTxt
Phone2126266534PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 AVENUE OF THE AMERICAS 4TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCOSETTE GUTIERREZPersonNm
Person TitleEXECUTIVE DIR.PersonTitleTxt
Phone2126266534PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCOSETTEPersonFirstNm
Person LastGUTIERREZPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMIKE SCHALLPreparerPersonNm
PTINP02024184PTIN
Phone2122682804PhoneNum
Preparation2024-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCOSETTE GUTIERREZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 AVENUE OF THE AMERICAS 4TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,476,405GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OTO TRANSFORM THE LIVES OF ACCOMPLISHED HIGH SCHOOL STUDENTS FROM LOW-INCOME FAMILIES BY BROADENING THEIR DREAMS AND PREPARING THEM FOR COLLEGE SUCCESS.ActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers530TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,221,989PYContributionsGrantsAmt
CY Contributions Grants$2,279,444CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$10,693PYInvestmentIncomeAmt
CY Investment Income$32,276CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,232,682PYTotalRevenueAmt
CY Total Revenue$2,311,720CYTotalRevenueAmt
PY Grants And Similar Paid$254,848PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$282,138CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$828,148PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,081,017CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$356,717CYTotalFundraisingExpenseAmt
PY Other Expenses$623,265PYOtherExpensesAmt
CY Other Expenses$680,520CYOtherExpensesAmt
PY Total Expenses$1,706,261PYTotalExpensesAmt
CY Total Expenses$2,043,675CYTotalExpensesAmt
PY Revenues Less Expenses$526,421PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$268,045CYRevenuesLessExpensesAmt
Total Assets BOY$2,473,282TotalAssetsBOYAmt
Total Assets EOY$2,793,369TotalAssetsEOYAmt
Total Liabilities BOY$89,008TotalLiabilitiesBOYAmt
Total Liabilities EOY$79,457TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,384,274NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,713,912NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMINDS MATTER NYC CONNECTS DRIVEN AND DETERMINED STUDENTS FROM LOW-INCOME FAMILIES WITH THE PEOPLE, PREPARATION, AND POSSIBILITIES TO SUCCEED IN COLLEGE, CREATE THEIR FUTURE, AND CHANGE THE WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,399,881ExpenseAmt
Grant$282,138GrantAmt
DescSEE SCHEDULE OALDASUMMER PROGRAMMING FOR RISING HS SOPHOMORE STUDENTS TO COMBAT SUMMER LEARNING LOSS, AND BUILD ON SKILLS DEVELOPED DURING SCHOOL YEAR. INCLUSIVE OF NETWORKING, SAT PREP AND OTHER SKILLS WORKSHOPS TO SUPPLEMENT SCHOOL YEAR CURRICULUM. JUNIOR SUMMER PROGRAMSSUMMER PROGRAMMING FOR RISING HS JUNIOR STUDENTS. INCLUDES TUITION, TRAVEL EXPENSES, APPLICATION FEES, AND STIPENDSCOLLEGE STUDENT STIPENDSBIANNUAL STIPENDS FOR ALL COLLEGE STUDENTSDesc
Total Program Service Expenses$1,399,881TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COSETTE GUTIERREZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126266549PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 AVENUE OF THE AMERICAS 4THAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DEBORAH BECKMAN
CHAIR5.00Yes (X)Yes (X)$0$0$0
DAVID BRISSKE
CO-VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
MAGGIE BRUNN
DIRECTOR1.00Yes (X)$0$0$0
ADAM DAVIES
DIRECTOR1.00Yes (X)$0$0$0
KELI HUANG
DIRECTOR1.00Yes (X)$0$0$0
MARIBEL LEDEZMA-WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
DIANA LEE
TREASURER2.00Yes (X)Yes (X)$0$0$0
CHRISTINA LOPEZ
DIRECTOR1.00Yes (X)$0$0$0
JAMAAL MCDELL
DIRECTOR1.00Yes (X)$0$0$0
TONY MUOZ
DIRECTOR1.00Yes (X)$0$0$0
STEPHEN PANG
DIRECTOR1.00Yes (X)$0$0$0
SANJEEV PARLIKAR
CO-VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
MINHAJ PATEL
TREASURER2.00Yes (X)Yes (X)$0$0$0
MARK SHPIZNER
CO-VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
LEEANNE SU
SECRETARY2.00Yes (X)Yes (X)$0$0$0
SARAH TANNER
CO-VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
CHAERI TORNAY
DIRECTOR1.00Yes (X)$0$0$0
JONATHAN WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
ABDUL ZAMERLI
DIRECTOR1.00Yes (X)$0$0$0
JUSTIN HERRIDGE
DIRECTOR1.00Yes (X)$0$0$0
MANSI KOTHARI
DIRECTOR1.00Yes (X)$0$0$0
ERIKA HALSTEAD
EXECUTIVE DIRECTOR40.00Yes (X)$164,387$0$6,010
COLIN DELANEY
DIRECTOR OF DEVELOPMENT40.00$113,690$0$13,452Yes (X)
L'TOYA JONES
DIRECTOR OF PROGRAMS40.00$100,900$0$13,416Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$378,977TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$32,878TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$467,582FundraisingAmt
All Other Contributions$1,811,862AllOtherContributionsAmt
Total Contributions$2,279,444TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$32,276TotalRevenueColumnAmt
Exclusion$32,276ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$164,685FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$467,582ContriRptFundraisingEventAmt
Fundraising Direct Expenses$164,685FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,311,720TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$32,276ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$282,138TotalAmt
Program Services$282,138ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$170,396TotalAmt
Program Services$25,559ProgramServicesAmt
Management And General$59,639ManagementAndGeneralAmt
Fundraising$85,198FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$741,798TotalAmt
Program Services$568,983ProgramServicesAmt
Management And General$25,810ManagementAndGeneralAmt
Fundraising$147,005FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$96,430TotalAmt
Program Services$66,709ProgramServicesAmt
Management And General$7,116ManagementAndGeneralAmt
Fundraising$22,605FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$72,393TotalAmt
Program Services$47,780ProgramServicesAmt
Management And General$6,515ManagementAndGeneralAmt
Fundraising$18,098FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$144,336TotalAmt
Program Services$84,387ProgramServicesAmt
Management And General$59,949ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$47,964TotalAmt
Program Services$39,805ProgramServicesAmt
Management And General$8,159ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$56,669TotalAmt
Program Services$11,802ProgramServicesAmt
Management And General$33,931ManagementAndGeneralAmt
Fundraising$10,936FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$91,220TotalAmt
Program Services$60,205ProgramServicesAmt
Management And General$8,210ManagementAndGeneralAmt
Fundraising$22,805FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$62,776TotalAmt
Program Services$62,776ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
TUITION AND APPLICATION$116,001$116,001
SPECIAL EVENT EXPENSE$50,070$50,070
LICENSE FEES$35,195$35,195
BANK AND CREDIT CARD FE$29,374$29,374

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$46,915TotalAmt
Program Services$33,736ProgramServicesAmt
Management And General$13,179ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,043,675TotalAmt
Program Services$1,399,881ProgramServicesAmt
Management And General$287,077ManagementAndGeneralAmt
Fundraising$356,717FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,601,933BOYAmt
EOY$1,585,374EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$250,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$4,904EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$871,349BOYAmt
EOY$953,091EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,473,282BOYAmt
EOY$2,793,369EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$25,979BOYAmt
EOY$15,429EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$44,627BOYAmt
EOY$44,626EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,402BOYAmt
EOY$19,402EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$89,008BOYAmt
EOY$79,457EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,357,274BOYAmt
EOY$2,463,912EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$27,000BOYAmt
EOY$250,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,384,274BOYAmt
EOY$2,713,912EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,473,282BOYAmt
EOY$2,793,369EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$268,045ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$61,593NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,043,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,364,245CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,601,688CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,221,989CurrentTaxYearMinus1YearAmt
Current Tax Year$2,279,444CurrentTaxYearAmt
Total$8,510,812TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,043,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,364,245CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,601,688CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,221,989CurrentTaxYearMinus1YearAmt
Current Tax Year$2,279,444CurrentTaxYearAmt
Total$8,510,812TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$691,261SubstantialContributorsTotAmt
Public Support Total170$7,819,551PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$25,554CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,108CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,162CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,174CurrentTaxYearMinus1YearAmt
Current Tax Year$32,276CurrentTaxYearAmt
Total$92,274TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$28,773CurrentTaxYearMinus3YearsAmt
Total$28,773TotalAmt
FieldValueIRS element (for citing)
Total Support$8,631,859TotalSupportAmt
Public Support CY1700.90590PublicSupportCY170Pct
Public Support PY1700.91890PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
Book Value$953,091BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$953,091TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO MINDS MATTER INCDesc
Amt$19,402Amt
FieldValueIRS element (for citing)
Total Liability$19,402TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,373,313TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$61,593NetUnrealizedGainsInvstAmt
Revenue Not Reported$61,593RevenueNotReportedAmt
Revenue Subtotal$2,311,720RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,311,720TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,043,675TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,043,675ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,043,675TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX RETURNS FOR PERIODS ENDING JUNE 30, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BRILLIANT MINDS GALAEvent1Nm
Gross Receipts Event1$483,570GrossReceiptsEvent1Amt
Charitable Contri Event1$391,725CharitableContriEvent1Amt
Gross Revenue Event1$91,845GrossRevenueEvent1Amt
Other Direct Expenses Event1$91,845OtherDirectExpensesEvent1Amt
Event2SOIREEEvent2Nm
Gross Receipts Event2$80,554GrossReceiptsEvent2Amt
Charitable Contri Event2$7,714CharitableContriEvent2Amt
Gross Revenue Event2$72,840GrossRevenueEvent2Amt
Other Direct Expenses Event2$72,840OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$68,143GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$68,143CharitableContriOtherEventsAmt
Gross Receipts Total$632,267GrossReceiptsTotalAmt
Charitable Contributions Tot$467,582CharitableContributionsTotAmt
Gross Revenue Total Events$164,685GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$164,685OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$164,685DirectExpenseSummaryEventsAmt
Net Income Summary$0NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxt
STIPENDS & SCHOLARSHIPS
COLLEGE FRESHMAN STIPEND
COLLEGE SOPHOMORE STIPEND
COLLEGE JUNIOR STIPEND
COLLEGE SENIOR STIPEND
OTHER GRANTS

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE BOARD APPROVES AND MONITORS ALL GRANTS AND ASSISTANCE TO LOW INCOME HIGH SCHOOL STUDENTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonERIKA HALSTEADPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$164,387BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$6,010NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$170,397TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FINANCE AND AUDIT COMMITTEE REVEIWS THE 990 AND OFFERS ANY FEEDBACK OR NECESSARY EDITS. ONCE THE 990 IS READY, IT IS DISTRIBUTED TO THE REST OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION HAS A "BOARD APPROVED" CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS.
FORM 990, PART VI, SECTION B, LINE 15ATHE BOARD REVIEWS THE ED COMPENSATION EVERY YEAR AS PART OF THE ANNUAL PERFORMANCE REVIEW. THEY USE THE PNP NONPROFIT SALARIES AND STAFFING TRENDS TO BENCHMARK THE ED SALARY. A SIMILAR PROCESS IS FOLLOWED FOR ALL STAFF POSITIONS, WITH THE ED BENCHMARKING SALARIES AGAINST THE SAME REPORT. THE BOARD REVIEWS THE ED COMPENSATION EVERY YEAR AS PART OF THE ANNUAL PERFORMANCE REVIEW. THEY USE THE PNP NONPROFIT SALARIES AND STAFFING TRENDS TO BENCHMARK THE ED SALARY. A SIMILAR PROCESS IS FOLLOWED FOR ALL STAFF POSITIONS, WITH THE ED BENCHMARKING SALARIES AGAINST THE SAME REPORT.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MINDS MATTER NATIONAL INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 AVE OF THE AMERICASAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
EIN133688434EIN
Primary ActivitiesMENTORINGPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)3ExemptCodeSectionTxt
Public Charity Status170B(1)A(VI)PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.