2019-11-04T15:54:44-06:00 2018-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-01-01 260876000 GREAT MINDS GREA 2022231854 55 M STREET SE NO 340 WASHINGTON DC 20003 LYNNE MUNSON PRESIDENT & EXECUTIVE DIRECTOR 2022231854 2019-10-31 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.133 2019-10-31 16:19:05 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2020-03-31 21:24:44Z LYNNE MUNSON 55 M STREET SE NO 340 WASHINGTON DC 20003 84268418 0 X GREATMINDS.ORG X 2007 DC GREAT MINDS SEEKS TO ENSURE THAT ALL STUDENTS, REGARDLESS OF THEIR CIRCUMSTANCE, RECEIVE A KNOWLEDGE-RICH EDUCATION IN THE FULL RANGE OF THE LIBERAL ARTS AND SCIENCES INCLUDING ENGLISH, MATHEMATICS, AND SCIENCE. WE WORK WITH TEACHERS AND SCHOLARS TO CREATE INSTRUCTIONAL MATERIALS, PROVIDE PROFESSIONAL DEVELOPMENT AND IMPLEMENTATION SERVICES, CONDUCT RESEARCH, AND PROMOTE POLICIES THAT SUPPORT A COMPREHENSIVE AND HIGH-QUALITY EDUCATION IN AMERICA'S SCHOOLS. 11 9 465 11 0 26709 0 0 66762847 84088000 11840 156379 223469 24039 66998156 84268418 0 17590 0 0 17946144 30684140 0 0 0 35383806 39625675 53329950 70327405 13668206 13941013 47589739 59403965 17195014 15068227 30394725 44335738 X AT GREAT MINDS, WE BELIEVE GREAT EDUCATION IS THE FOUNDATION OF A GREAT DEMOCRACY. WE BELIEVE THAT EVERY CHILD IS CAPABLE OF GREATNESS AND IT IS OUR MISSION TO HELP TEACHERS HELP CHILDREN ACHIEVE IT. 0 0 34507280 15916 76084755 EUREKA MATH IS A PREK-12 CURRICULUM THAT HELPS STUDENTS TO UNDERSTAND MATH DEEPLY AND TO CONNECT IT TO THE REAL WORLD, PREPARING THEM TO SOLVE PROBLEMS THAT THEY HAVE NOT ENCOUNTERED BEFORE. THE TEAM OF TEACHERS AND MATHEMATICIANS BELIEVE THAT IT'S NOT ENOUGH FOR STUDENTS TO MEMORIZE A PROCESS FOR SOLVING A PROBLEM; THEY NEED TO KNOW WHY THAT PROCESS WORKS. EUREKA USES CLEAR MODELS AND PROVEN INSTRUCTIONAL METHODS TO HELP STUDENTS BECOME NOT JUST LITERATE, BUT FLUENT IN MATH. THE CURRICULUM IS AVAILABLE FREE OF CHARGE FOR USE BY ANY EDUCATOR ON OUR WEBSITE, GREATMINDS.ORG. 7942391 1658 7926622 WIT & WISDOM IS A K-8 HUMANITIES CURRICULUM BASED ON AUTHENTIC TEXTS OF THE HIGHEST QUALITY. STUDENTS USE THESE TEXTS AT EVERY TURN TO LEARN, AND EVENTUALLY MASTER ESSENTIAL READING, WRITING, SPEAKING, LISTENING, GRAMMAR, AND VOCABULARY SKILLS. INSTEAD OF BASALS, STUDENTS READ BOOKS THEY LOVE IN ORDER TO BUILD KNOWLEDGE OF IMPORTANT TOPICS AND MASTER LITERACY SKILLS. ALL STUDENTS READ AND DISCUSS GRADE-LEVEL TEXTS, WITH SUGGESTIONS FOR SUPPORT INCLUDED AT KEY MOMENTS THROUGHOUT EACH LESSON. 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CONTENT ARCHITECT, HUMANITIES 40.00 X 144930 0 30760 COLLEEN BURNS WEST REGIONAL SALES DIRECTOR 40.00 X 153823 0 16112 4440388 0 426592 108 0 1 0 THINK SYSTEMS INC PO BOX 338 KINGSVILLE MD 21087 CONSULTING SERVICES 387413 RHETT O MILLSAPS II 500 W 30TH ST APT PH 4F NEW YORK NY 10001 LEGAL CONSULTANT 370053 VESTAR CONSULTING LLC 1732 1ST AVE 20430 NEW YORK NY 10128 CONSULTING SERVICES 320857 SIMPSON THACHER AND BARTLETT LLP PO BOX 29008 NEW YORK NY 10087 LEGAL CONSULTANT 291960 PARTNERD GROUP LLC PO BOX 651074 STERLING VA 201651074 IT CONSULTANT 242533 16 DIRECT SALES OF BOOKS 900099 68608782 68608782 PROFESSIONAL DEVELOPME 900099 8058641 8058641 DIGITAL INCOME 900099 4587252 4587252 ROYALTY INCOME 900099 2833325 2833325 84088000 156379 156379 OTHER REVENUE 900099 24039 24039 24039 84268418 84088000 0 180418 17590 17590 3939139 1965515 1973624 21706334 10830826 10875508 734572 366530 368042 2210822 1103135 1107687 2093273 998797 1094476 975506 313116 662390 66565 21366 45199 5598184 3409671 2188513 481080 278660 202420 2339684 344327 1995357 682597 49437 633160 473882 473882 3342352 2112687 1229665 2453643 2221638 232005 23692 7504 16188 234967 234967 43938 1350 42588 FULFILLMENT 21104812 21104812 BAD DEBT 1624291 538 1623753 TRANSACTION & BANK FEES 180482 57166 123316 70327405 45204665 25122740 0 28175244 39790675 100333 101140 13492241 10671897 5022212 7200209 260246 525730 1302926 531760 298489 771166 196795 301009 44179 42139 47589739 59403965 5599476 9284047 2511159 5696668 8977817 106562 87512 17195014 15068227 X 30394725 44335738 30394725 44335738 47589739 59403965 13941013 0 X 0 1 X 1 0 X 5716653 1450528 100000 7267181 5716653 1450528 100000 7267181 7267181 2755 8403 3357 11840 156379 182734 7449915 172486231 0.97550 0.95580 X 752279 348797 403482 550647 182963 367684 771166 DEFERRED LEASE 87512 87512 X 84268418 0 84268418 0 84268418 70327405 0 70327405 0 70327405 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO TAXATION ON NET UNRELATED BUSINESS INCOME. DURING THE TAX YEARS ENDED DECEMBER 31, 2018 AND 2017, THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. THE LLC IS A SINGLE-MEMBER LLC, AND AS SUCH, IS A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES PURSUANT TO SECTION 7701 OF THE CODE. 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CONTENT ARCHITECT, HUMANITIES 123195 0 21735 0 0 0 7521 0 24368 0 176819 0 0 0 COLLEEN BURNS WEST REGIONAL SALES DIRECTOR 153823 0 0 0 0 0 7782 0 8836 0 170441 0 0 0 PART I, LINE 1A THE PRESIDENT AND EXECUTIVE DIRECTOR BENEFITED FROM A TAX GROSS-UP PAYMENT RELATED TO THE PROVISION OF LIFE INSURANCE BENEFITS. PART I, LINE 4A THE FOLLOWING PERSONS RECEIVED SEVERANCE PAYMENTS: JOSEPH HEIDER $160,000 SHANE LENNON $ 56,923 PART I, LINE 7 THE SHORT TERM BONUS MOST EMPLOYEES ARE UNDER IS DISCRETIONARY AND PERFORMANCE BASED. THE EXECUTIVE LEVEL, WHICH IS OUR SENIOR MANAGEMENT, HAS 50% TIED TO COMPANY PERFORMANCE MEASURES OF REVENUE AND NET CONTRIBUTION, AND 50% TIED TO DISCRETIONARY MISSION OBJECTIVES. THE PRESIDENT AND EXECUTIVE DIRECTOR'S BONUS IS RECOMMENDED BY THE COMPENSATION COMMITTEE OF THE BOARD AND APPROVED BY THE BOARD. RUSSEL EDWARD SIX PHD FAMILY MEMBER OF LYNNE MUNSON, PRESIDENT AND EXECUTIVE DIRECTOR 63000 CONSULTING 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE REVIEW AND APPROVE A DRAFT OF THE 990. THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 VIA ELECTRONIC TRANSMITTAL PRIOR TO SUBMISSION OF THE FORM TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 4A. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. 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THE COMPENSATION COMMITTEE IS A SUBSET OF THE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR'S AS WELL AS SENIOR MANAGEMENTS' 2018 COMPENSATION WAS BASED ON AN ASSESSMENT BY AN INDEPENDENT CONSULTANT FROM PRICE WATERHOUSE COOPERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE LATEST VERSION OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST . FORM 990, PART VI, LINE 1A THE TOTAL NUMBER OF VOTING BOARD MEMBERS AS OF 12/31/2018 WAS 11. DURING THE YEAR, 12 PERSONS IN TOTAL SERVED ON THE BOARD OF THE ORGANIZATION. GREAT MINDS LLC 55 M STREET SE WASTINGTON DC DC 20003 371841659 TO SUPPORT THE OPERATIONS OF GREAT MINDS DC 84268418 59403965 GREAT MINDS