THE MIND TRUST INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE MIND TRUST INC (EIN 20-4560286)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-15
- IRS object ID
- 201122279349301222
- Schema version
- 2010v3.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-15T08:02:47-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YOUNT AND COMPANY LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5665 NORTH POST ROAD SUITE 110 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46216 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204560286 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MIND TRUST INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIND | NameControl |
| Phone | 3178228102 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1630 N MERIDIAN STREET | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46202 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DONALD H STINSON | Name |
| Title | SECRETARY | Title |
| Phone | 3178228102 | Phone |
| Date Signed | 2011-04-26 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EVA LOWERY YOUNT | Name |
| Phone | 3175461020 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DONALD H STINSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1630 N MERIDIAN | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3909817 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.themindtrust.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | The exempt purpose is to support, benefit and perform educational and charitable purposes of the University of Indianapolis and The New Teacher Project, Inc., and any other public charities that subsequently may be identified as supported organizations of the corporation. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 12 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 3931051 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3890329 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 63240 | InvestmentIncomePriorYear |
| Investment Income Current Year | 19488 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3994291 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3909817 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 2732352 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 864558 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 937120 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 115887 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1002642 | OtherExpensePriorYear |
| Other Expenses Current Year | 1018301 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1867200 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4687773 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2127091 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -777956 | RevenuesLessExpensesCY |
| Total Assets BOY | 5486045 | TotalAssetsBOY |
| Total Assets EOY | 4740773 | TotalAssetsEOY |
| Total Liabilities BOY | 19708 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 52392 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5466337 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4688381 | NetAssetsOrFundBalancesEOY |
| Mission Description | The exempt purpose is to support, benefit | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 4357454 | Expense |
| Revenue | 3890329 | Revenue |
| Description | TRANSFORM THE PUBLIC EDUCATION SYSTEM IN INDIANAPOLIS BY: IDENTIFYING, ATTRACTING AND SUPPORTING TALENTED EDUCATION ENTREPRENEURS; TO PROVIDE THEM WITH A FELLOWSHIP OPPORTUNITY TO IMPROVE PUBLIC EDUCATION OR WORK DIRECTLY WITH DISTRICTS; AND ATTRACTING AND ENGAGING HIGHLY SUCCESSFUL NATIONAL AND LOCAL ORGANIZATIONS TO REPLICATE OR START THEIR HIGH QUALITY PROGRAMS OR SCHOOLS IN INDIANAPOLIS TO IMPROVE STUDENT ACADEMIC ACHIEVEMENT. | Description |
| Total Program Service Expense | 4357454 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 14 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 12 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DAVID HARRIS | NamePerson |
| Telephone Number | 3178828102 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1630 N MERIDIAN STREET STE 330 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46202 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| BART PETERSON | ||||||||
| Chairman | 3.00 | X | X | 0 | 0 | 0 | ||
| JEAN BLACKWELL | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| ALECIA A DECOUDREAUX | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| ANN D MURTLOW | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| MARK MILES | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| BEVERLEY J PITTS | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| JOYCE Q ROGERS | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| ANDREW J ROTHERHAM | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| ARIELA ROZMAN | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| DAVID SHANE | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| JANE PAULEY | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| BILL SHREWSBERRY | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| DON H STINSON | ||||||||
| Secretary | 1.00 | X | X | 0 | 0 | 0 | ||
| DR EUGENE G WHITE | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| DAVID HARRIS | ||||||||
| CEO | 40.00 | 185860 | 0 | 13744 | X | X | ||
| ROBERT CLIFFORD | ||||||||
| Director | 1.00 | X | X | 0 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 185860 | TotalReportableCompFromOrg |
| Total Other Compensation | 13744 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COX ZIMMERMAN PUBLIC RELATIONS (CZPR) | |||||
| PO BOX 6 | PLAINFIELD | IN | 46168 | Consulting | 130380 |
| PUBLIC IMPACT | |||||
| 504 DOGWOOD DRIVE | CHAPEL HILL | NC | 27516 | Consulting | 307508 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 3890329 | AllOtherContributions |
| Total Contributions | 3890329 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19488 | TotalRevenueColumn |
| Exclusion | $19,488 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3909817 | TotalRevenueColumn |
| Exclusion | $19,488 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2732352 | Total |
| Program Services | 2732352 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 185860 | Total |
| Program Services | 152294 | ProgramServices |
| Management And General | 29254 | ManagementAndGeneral |
| Fundraising | 4312 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 631157 | Total |
| Program Services | 517094 | ProgramServices |
| Management And General | 99355 | ManagementAndGeneral |
| Fundraising | 14708 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57640 | Total |
| Program Services | 47241 | ProgramServices |
| Management And General | 9073 | ManagementAndGeneral |
| Fundraising | 1326 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62463 | Total |
| Program Services | 51194 | ProgramServices |
| Management And General | 9832 | ManagementAndGeneral |
| Fundraising | 1437 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17272 | Total |
| Program Services | 14655 | ProgramServices |
| Management And General | 1371 | ManagementAndGeneral |
| Fundraising | 1246 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25176 | Total |
| Program Services | 18199 | ProgramServices |
| Management And General | 5376 | ManagementAndGeneral |
| Fundraising | 1601 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8281 | Total |
| Program Services | 7766 | ProgramServices |
| Management And General | 489 | ManagementAndGeneral |
| Fundraising | 26 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3329 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3329 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CEE Trust | 44124 | 44124 | 0 | 0 |
| Professional Fees | 77732 | 16932 | 44924 | 15876 |
| Fellowship Operations | 107914 | 107914 | 0 | 0 |
| Misc | 41802 | 29200 | 11429 | 1173 |
| Book Project | 65398 | 65398 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 627273 | Total |
| Program Services | 553091 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 74182 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4687773 | Total |
| Program Services | 4357454 | ProgramServices |
| Management And General | 214432 | ManagementAndGeneral |
| Fundraising | 115887 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1701338 | BOY |
| EOY | 1602850 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1326000 | BOY |
| EOY | 1032000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2448873 | BOY |
| EOY | 2078680 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 394 | BOY |
| EOY | 15229 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 23048 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11034 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9440 | BOY |
| EOY | 12014 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5486045 | BOY |
| EOY | 4740773 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18501 | BOY |
| EOY | 52392 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1207 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19708 | BOY |
| EOY | 52392 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 620325 | BOY |
| EOY | 621598 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4846012 | BOY |
| EOY | 4066783 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5466337 | BOY |
| EOY | 4688381 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5486045 | BOY |
| EOY | 4740773 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -777956 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE NEW TEACHER PROJECT INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133850158 | EIN |
| Type Of Organization | 170(b)(1)(A)vi | TypeOfOrganization |
| Listed In Governing Doc | true | ListedInGoverningDoc |
| Supported Organization Notified | true | SupportedOrganizationNotified |
| Organized In US | true | OrganizedInUS |
| Amount | $500,882 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 500882 | SumOfAmounts |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | true | AgentTrusteeEtc |
| Beginning Balance | 1207 | BeginningBalance |
| Distributions During Year | 1207 | DistributionsDuringYear |
| Included On FS | false | IncludedOnFS |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 23048 | OtherCostOrOtherBasis |
| Depreciation | 11034 | Depreciation |
| Book Value | 12014 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12014 | TotalOfBookValueLandBuildings |
| Total Revenue | 3909817 | TotalRevenue |
| Total Expenses | 4687773 | TotalExpenses |
| Excess Or Deficit For Year | -777956 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -777956 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3916066 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 6249 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 6249 | RevenueNotRptdF990 |
| Revenue Subtotal | 3909817 | RevenueSubtotal |
| Total Revenue Per Form990 | 3909817 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4694022 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 6249 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 6249 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4687773 | ExpensesSubtotal |
| Total Expenses Per Form990 | 4687773 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt IV Line 1b | The Mind Trust provides its Fellows with funding |
| Pt IV Line 2b | for their compensation and benefits. If Fellows |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|
| TEACH FOR AMERICA | ||||||||
| 315 WEST 36TH STREET 7TH FLOOR | NEW YORK | NY | 10018 | 133541913 | 501(c)(3) | 2048034 | FMV | see Part IV |
| THE NEW TEACHER PROJECT | ||||||||
| 186 JORALEMON STREET | BROOKLYN | NY | 11201 | 133850158 | 501(c)(3) | 500882 | FMV | see Part IV |
| TEACH PLUS | ||||||||
| 374 CONGRESS STREET STE 502 | BOSTON | MA | 02210 | 263849472 | 501(c)(3) | 102500 | FMV | see Part IV |
| THIRD SECTOR NEW ENGLAND INC | ||||||||
| 89 SOUTH STREET STE 700 | BOSTON | MA | 02111 | 042261109 | 501(c)(3) | 80936 | FMV | see Part IV |
Form990 Schedule I Part IV Form990ScheduleIPartIV (20 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part II 1(h) | The Grant is provided by The Mind Trust to assist Teach for America (TFA) in |
| furthering its educational and charitable purposes under Code section | |
| 501 (c)(3). Specifically, the grant is intended to assist TFA in operating | |
| its TFA-Indianapolis site, and support TFA's Indianapolis Principal | |
| Fellowship program. | |
| Part II 2(h) | The Grant is provided by the Mind Trust to assist The New Teacher Project |
| (TNTP)in furthering its educational and charitable purposes under Code | |
| section 501(c)(3). Specifically, The Mind Trust seeks to assist TNTP | |
| in administering and managing its Indianapolis Teaching Fellows program | |
| which selects and places new teachers in Indianapolis Public Schools, | |
| Marion County public school districts, and Indianapolis charter schools. | |
| Part II 3(h) | The Grant is provided by The Mind Trust to assist Teach Plus in furthering |
| its educational and charitable purposes under Code section 501(c)(3). | |
| Specifically the Mind Trust seeks to assist Teach Plus in administering | |
| and managing its Indianapolis Teaching policy Fellowship program. | |
| Part II 4(h) | The Grant is provided by The Mind Trust to assist Third Sector New England |
| Inc. in furthing its educational and charitable purposes under Code | |
| section 501(c)(3).Specifically, The Mind Trust seeks to assist Third | |
| Sector New England in operating and supporting the Indianapolis Diploma | |
| Plus high schools. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DAVID HARRIS | NamePerson |
| Base Compensation Filing Org | 185860 | BaseCompensationFilingOrg |
| Nontaxable Benefits Filing Org | 13744 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 199604 | TotalCompensationFilingOrg |
| Comp Report Prior990 Filing Org | 180994 | CompReportPrior990FilingOrg |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (55 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-B, Line 11a | The Mind Trust Inc.'s Form 990 and all related schedules, |
| statements and attachments are reviewed and approved | |
| by the Founder and CEO and the Board of Directors prior | |
| to filing the returns with the IRS. | |
| Pt VI-B, Line 12c | The Mind Trust's conflict of interest policy covers all |
| employees, officers, and Directors of The Mind Trust. | |
| The Mind Trust's Board of Directors is responsible for | |
| oversight of all disclosures or failures to disclose | |
| conflicts of interest and for taking appropiate action | |
| in the case of any actual or potential conflict of | |
| interest transaction. The Mind Trust's Founder and | |
| CEO reviews the annual conflict of interest disclosure | |
| forms completed by employees, Directors and officers of | |
| The Mind Trust. The President and CEO consults the Chair of | |
| The Mind Trust's Board of Directors, and as necessary, | |
| The Mind Trust's outside counsel, in determining if a | |
| conflict exists. If an employee or Director has a conflict, | |
| he or she is excluded from deliberations and decisions | |
| related to the issue. | |
| Pt VI-B, Line 15 | Annually, The Mind Trust's Compensation Committee requests the Founder and |
| CEO complete a written self-assessment and provide the self-assessment | |
| to the Compensation Committee. The Compensation Committee provides | |
| the full Board of Directors with a description of the Founder and CEO's | |
| annual review process and invites their individual comment on the | |
| Founder and CEO's performance. The Compensation Committee reaches out | |
| Form 990, Part IX, Line 24f | POLICY INITIATIVE 418711. 418711. 0. 0. GROW WHAT WORKS 208562. 134380. 0. 74182. 0. 0. 0. 0. 0. 0. |
| to selected current and recent employees on an anonymous basis to | |
| solicit their individual input on the Founder and CEO's performance. | |
| The Compensation Committee convenes prior to meeting with the | |
| Founder and CEO to discuss the completed self-assessment and relay | |
| any feedback received from members of the Board and Compensation | |
| Committee. The Compensation Committee meets with the Founder and CEO. | |
| Following the meeting with the Founder and CEO, the Compensation | |
| Committee determines any changes to the Founder and CEO's | |
| compensation. The Compensation Committee sends the Board | |
| a written summary of the Founder and CEO's evaluation and | |
| any changes to compensation, informs the Founder and CEO of the | |
| results of the review, and sends written notification to The | |
| Mind Trust administration of any adjustment in compensation, | |
| effective July 1 of the given year. | |
| Pt VI-C, Line 19 | The Mind Trust, Inc. makes its governing documents, |
| conflict of interest policy and financial statements, | |
| as applicable, available to the public upon written | |
| request made to the attention of our Founder & CEO | |
| and received at our corporate office. | |
| Part VII, Section B, Line 1 | In 2010, The Mind Trust implemented a new procedure for |
| Schedule I, Part I, Line I | granting funds to nonprofit organizations which further |
| The Mind Trust's charitable purposes. Under the new | |
| process, The Mind Trust executes grant agreements with | |
| the nonprofit organizations to which it provides | |
| funding. As such, these organizations do not provide | |
| consulting services to The Mind Trust and are not | |
| reported in Part VII, Section B, Independent Contractors, | |
| on the 990. The Mind Trust reports these grants on | |
| Schedule I of the 990. |
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