MINDS MATTER: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MINDS MATTER (EIN 32-0191502)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-08
IRS object ID
202341289349301714
Schema version
2021v4.1
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)
Return2023-05-08T07:43:25-07:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

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 Line1389 INTERPACE PARKWAY STE 3AddressLine1Txt
CityPARSIPPANYCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07054ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

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)
PersonErika HalsteadPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Signature2023-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstErikaPersonFirstNm
Person LastHalsteadPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael SchallPreparerPersonNm
PTINP02024184PTIN
Phone2122682804PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerErika HalsteadPrincipalOfficerNm

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$2,387,712GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTo 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 Employee6TotalEmployeeCnt
Total Volunteers626TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,601,688PYContributionsGrantsAmt
CY Contributions Grants$2,221,989CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$12,162PYInvestmentIncomeAmt
CY Investment Income$10,693CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,613,850PYTotalRevenueAmt
CY Total Revenue$2,232,682CYTotalRevenueAmt
PY Grants And Similar Paid$180,880PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$254,848CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$652,413PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$828,148CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$451,589CYTotalFundraisingExpenseAmt
PY Other Expenses$312,774PYOtherExpensesAmt
CY Other Expenses$623,265CYOtherExpensesAmt
PY Total Expenses$1,146,067PYTotalExpensesAmt
CY Total Expenses$1,706,261CYTotalExpensesAmt
PY Revenues Less Expenses$467,783PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$526,421CYRevenuesLessExpensesAmt
Total Assets BOY$2,236,984TotalAssetsBOYAmt
Total Assets EOY$2,473,282TotalAssetsEOYAmt
Total Liabilities BOY$191,226TotalLiabilitiesBOYAmt
Total Liabilities EOY$89,008TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,045,758NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,384,274NetAssetsOrFundBalancesEOYAmt
MissionMinds 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 SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$969,680ExpenseAmt
Grant$276,698GrantAmt
DescMinds Matter NYC continued to serve under-resourced students during the Covid-19 pandemic, providing remote sessions for the Junior and Senior classes throughout the year. Because of the pandemic, Minds Matter NYC delayed welcoming a new Sophomore class into the community until February 2022. Despite pandemic-imposed restrictions and the continuing effects of Covid-19 in the lives of students, Minds Matter NYC graduated 100% of its senior class into their best-fit colleges and universities.Desc
Total Program Service Expenses$969,680TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonErika HalsteadPersonNm
Phone2126266549PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 Avenue of the Americas 4th FloAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Erika Halstead
Executive Dir.40.000.00Yes (X)$142,060$0$127
Colin P Delaney
Dir of Development40.000.00$99,425$0$10,797
Deborah Beckman
Chair5.000.00Yes (X)$0$0$0Yes (X)
David Brisske
Vice Chair5.000.00Yes (X)$0$0$0Yes (X)
Sanjeev Parlikar
Vice Chair5.000.00Yes (X)$0$0$0Yes (X)
Minahaj Patel
Treasurer5.000.00Yes (X)$0$0$0Yes (X)
Andrew Jacobi Former
Secretary2.000.00Yes (X)$0$0$0Yes (X)
Leeanne Su
Secretary2.000.00Yes (X)$0$0$0Yes (X)
Ravi Chopra
Director2.000.00$0$0$0Yes (X)
Adam Davies
Director5.000.00$0$0$0Yes (X)
Chaeri Tornay
Director5.000.00$0$0$0Yes (X)
Maribel Ledezma-Williams
Director2.000.00$0$0$0Yes (X)
Diane Lee
Director1.000.00$0$0$0Yes (X)
Christina Lopez
Director2.000.00$0$0$0Yes (X)
Laura McCane Former
Director5.000.00$0$0$0Yes (X)
Tony Munoz
Director2.000.00$0$0$0Yes (X)
Stephen Pang
Director2.000.00$0$0$0Yes (X)
Namrita Puri
Director2.000.00$0$0$0Yes (X)
Moran Shekel
Director2.000.00$0$0$0Yes (X)
Mark Shpizner
Director2.000.00$0$0$0Yes (X)
Nic Zhou
Director5.000.00$0$0$0Yes (X)
Sarah Tanner
Director1.000.00$0$0$0Yes (X)
Jonathan Williams
Director1.000.00$0$0$0Yes (X)
Abdul Zamerli
Director2.000.00$0$0$0Yes (X)
Jamaal Mcdell
Director2.000.00$0$0$0Yes (X)
Keli Huang
Director2.000.00$0$0$0Yes (X)
Maggie Brunn Nee McCormick
Director2.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$241,485TotalReportableCompFromOrgAmt
Total Other Compensation$10,924TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$363,827FundraisingAmt
Government Grants$128,373GovernmentGrantsAmt
All Other Contributions$1,729,789AllOtherContributionsAmt
Total Contributions$2,221,989TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,174TotalRevenueColumnAmt
Exclusion$13,174ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

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

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

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

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$10,169SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$12,650SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$2,481SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$2,481TotalRevenueColumnAmt
Exclusion-$2,481ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$142,380FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$363,827ContriRptFundraisingEventAmt
Fundraising Direct Expenses$142,380FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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

Net Income From Gaming NetIncomeFromGamingGrp

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

Net Income Or Loss NetIncomeOrLossGrp

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

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,232,682TotalRevenueColumnAmt
Exclusion$10,693ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$254,848TotalAmt
Program Services$254,848ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$157,698TotalAmt
Program Services$23,655ProgramServicesAmt
Management And General$55,194ManagementAndGeneralAmt
Fundraising$78,849FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$541,868TotalAmt
Program Services$285,087ProgramServicesAmt
Management And General$53,374ManagementAndGeneralAmt
Fundraising$203,407FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$69,838TotalAmt
Program Services$30,863ProgramServicesAmt
Management And General$10,811ManagementAndGeneralAmt
Fundraising$28,164FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$58,744TotalAmt
Program Services$25,929ProgramServicesAmt
Management And General$9,114ManagementAndGeneralAmt
Fundraising$23,701FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$89,864TotalAmt
Program Services$25,188ProgramServicesAmt
Management And General$42,612ManagementAndGeneralAmt
Fundraising$22,064FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$21,626TotalAmt
Program Services$16,288ProgramServicesAmt
Management And General$5,338ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$45,869TotalAmt
Program Services$20,247ProgramServicesAmt
Management And General$7,116ManagementAndGeneralAmt
Fundraising$18,506FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$81,850TotalAmt
Program Services$36,127ProgramServicesAmt
Management And General$12,700ManagementAndGeneralAmt
Fundraising$33,023FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$38,877TotalAmt
Program Services$37,202ProgramServicesAmt
Management And General$1,675ManagementAndGeneralAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$44,735TotalAmt
Management And General$44,735ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
Tuition and application fee$183,436$183,436
Special event expense$43,875$43,875
Bank and credit card fees$27,443$27,443
Fellowship$21,850$21,850

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$23,840TotalAmt
Program Services$8,960ProgramServicesAmt
Management And General$14,880ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,706,261TotalAmt
Program Services$969,680ProgramServicesAmt
Management And General$284,992ManagementAndGeneralAmt
Fundraising$451,589FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,209,682BOYAmt
EOY$1,601,933EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$930,249BOYAmt
EOY$871,349EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$97,053BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,236,984BOYAmt
EOY$2,473,282EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$19,837BOYAmt
EOY$25,979EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$43,016BOYAmt
EOY$44,627EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$128,373BOYAmt

Other Liabilities OtherLiabilitiesGrp

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

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$191,226BOYAmt
EOY$89,008EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,915,773BOYAmt
EOY$2,357,274EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$129,985BOYAmt
EOY$27,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,045,758BOYAmt
EOY$2,384,274EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,236,984BOYAmt
EOY$2,473,282EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$526,421ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$82,506NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$105,399PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

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$1,039,629CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,043,446CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,364,245CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,601,688CurrentTaxYearMinus1YearAmt
Current Tax Year$2,221,989CurrentTaxYearAmt
Total$7,270,997TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,039,629CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,043,446CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,364,245CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,601,688CurrentTaxYearMinus1YearAmt
Current Tax Year$2,221,989CurrentTaxYearAmt
Total$7,270,997TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$482,438SubstantialContributorsTotAmt
Public Support Total170$6,788,559PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$24,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$25,554CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,108CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,162CurrentTaxYearMinus1YearAmt
Current Tax Year$13,174CurrentTaxYearAmt
Total$84,444TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,389CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$28,773CurrentTaxYearMinus2YearsAmt
Total$32,162TotalAmt
FieldValueIRS element (for citing)
Total Support$7,387,603TotalSupportAmt
Public Support CY1700.91890PublicSupportCY170Pct
Public Support PY1700.91420PublicSupportPY170Pct
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 Securities$871,349TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDue to Minds Matter IncDesc
Amt$18,402Amt
FieldValueIRS element (for citing)
Total Liability$18,402TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,160,032TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$82,506NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$9,856DonatedServicesAndUseFcltsAmt
Revenue Not Reported-$72,650RevenueNotReportedAmt
Revenue Subtotal$2,232,682RevenueSubtotalAmt
Total Revenue Per Form990$2,232,682TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,716,117TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$9,856DonatedServicesUseFcltsAmt
Expenses Not Reported$9,856ExpensesNotReportedAmt
Expenses Subtotal$1,706,261ExpensesSubtotalAmt
Total Expenses Per Form990$1,706,261TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationThe organization does not believe its financial statements include any material, uncertain tax positions. Tax returns for periods ending June 30, 2019 and later are subject to examination by applicable taxing authorities.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Agrmt Prof Fundraising ActyfalseAgrmtProfFundraisingActyInd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Brilliant Minds BenefitEvent1Nm
Gross Receipts Event1$308,658GrossReceiptsEvent1Amt
Charitable Contri Event1$239,933CharitableContriEvent1Amt
Gross Revenue Event1$68,725GrossRevenueEvent1Amt
Other Direct Expenses Event1$68,725OtherDirectExpensesEvent1Amt
Event2SoireeEvent2Nm
Gross Receipts Event2$125,297GrossReceiptsEvent2Amt
Charitable Contri Event2$51,642CharitableContriEvent2Amt
Gross Revenue Event2$73,655GrossRevenueEvent2Amt
Other Direct Expenses Event2$73,655OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$72,252GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$72,252CharitableContriOtherEventsAmt
Gross Receipts Total$506,207GrossReceiptsTotalAmt
Charitable Contributions Tot$363,827CharitableContributionsTotAmt
Gross Revenue Total Events$142,380GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$142,380OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$142,380DirectExpenseSummaryEventsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Stipends & Scholarships108$19,310
College Freshman Stipend104$38,288
College Sophomore Stipend48$12,300
College Junior Stipend64$15,200
College Senior Stipend37$9,250
Other grants54$160,500

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGrantmaker's Description of How Grants are UsedFormAndLineReferenceDesc
ExplanationThe board approves and monitors all grants and assistance to low income high school students.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b: Form 990 Review ProcessThe 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, Line 12c: Explanation of Monitoring and Enforcement of ConflictsThe 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, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementThe 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, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesThe 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, Line 19: Other Organization Documents Publicly AvailableDocuments 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 OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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