Civic Intelligence

Minds Matter National Inc.

990 • Fiscal year 2017 • EIN 13-3688434

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

1120 Avenue of the Americas 4th FlNew York, NY 10036

(212) 626-6584

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.13x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

31st percentile

-2.7%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$102,262

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

37th percentile

-0.6%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

61%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$147,342

Down $849 (-0.6%) from 2016

Net Assets

Down

$127,867

Down $15,840 (-11%) from 2016

Liabilities

Up

$19,475

Up $14,991 (+334%) from 2016

Revenue

Up

$575,457

Up $218,143 (+61%) from 2016

Expenses

Up

$591,281

Up $44,252 (+8.1%) from 2016

Net Income

Up

-$15,824

Up $173,891 (+92%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $155,024Liabilities 2010: $62,344Net Assets 2010: $92,6802010Assets 2011: $184,045Liabilities 2011: $85,957Net Assets 2011: $98,0882011Assets 2012: $314,815Liabilities 2012: $88,682Net Assets 2012: $226,1332012Assets 2013: $340,436Liabilities 2013: $0Net Assets 2013: $340,4362013Assets 2014: $324,119Liabilities 2014: $44,230Net Assets 2014: $279,8892014Assets 2015: $362,247Liabilities 2015: $22,665Net Assets 2015: $339,5822015Assets 2016: $148,191Liabilities 2016: $4,484Net Assets 2016: $143,7072016Assets 2017: $147,342Liabilities 2017: $19,475Net Assets 2017: $127,8672017Assets 2018: $138,341Liabilities 2018: $19,712Net Assets 2018: $118,6292018Assets 2019: $275,283Liabilities 2019: $28,649Net Assets 2019: $246,6342019Assets 2020: $424,768Liabilities 2020: $56,220Net Assets 2020: $368,5482020Assets 2021: $791,646Liabilities 2021: $25,904Net Assets 2021: $765,7422021Assets 2022: $1,182,634Liabilities 2022: $24,659Net Assets 2022: $1,157,9752022Assets 2023: $2,170,913Liabilities 2023: $61,254Net Assets 2023: $2,109,6592023Assets 2024: $2,028,589Liabilities 2024: $26,308Net Assets 2024: $2,002,2812024

Highlighted filing

2017

Assets$147,342
Liabilities$19,475
Net Assets$127,867

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $109,8672010Expenses 2011: $110,5932011Expenses 2012: $140,8492012Revenue 2013: $347,972Expenses 2013: $233,669Net Income 2013: $114,3032013Revenue 2014: $425,500Expenses 2014: $485,604Net Income 2014: -$60,1042014Revenue 2015: $499,005Expenses 2015: $548,635Net Income 2015: -$49,6302015Revenue 2016: $357,314Expenses 2016: $547,029Net Income 2016: -$189,7152016Revenue 2017: $575,457Expenses 2017: $591,281Net Income 2017: -$15,8242017Revenue 2018: $581,565Expenses 2018: $590,803Net Income 2018: -$9,2382018Revenue 2019: $482,889Expenses 2019: $354,884Net Income 2019: $128,0052019Revenue 2020: $448,160Expenses 2020: $326,246Net Income 2020: $121,9142020Revenue 2021: $731,854Expenses 2021: $334,660Net Income 2021: $397,1942021Revenue 2022: $889,668Expenses 2022: $497,435Net Income 2022: $392,2332022Revenue 2023: $1,731,761Expenses 2023: $780,077Net Income 2023: $951,6842023Revenue 2024: $906,147Expenses 2024: $1,013,525Net Income 2024: -$107,3782024

Highlighted filing

2017

Revenue$575,457
Expenses$591,281
Net Income-$15,824
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$575,457
Mission and Program Overview

Mission

Minds Matter is a national non-profit organization whose mission is to transform the lives of accomplished high school students from low-income families by broadening their dreams and preparing them for college success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$133,560$132,025▼ $1,535
Pledges and Grants Receivable$14,631$12,494▼ $2,137
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$148,191$147,342▼ $849
Other Assets Total-$2,823-
Liabilities
Accounts Payable and Accrued Expenses$1,215$19,475▲ $18,260
Other Liabilities$3,269--
Total Liabilities$4,484$19,475▲ $14,991
Net Assets / Fund Balance
Unrestricted Net Assets$138,707$127,867▼ $10,840
Temporarily Rstr Net Assets$5,000--
Total Net Assets Fund Balance$143,707$127,867▼ $15,840
Total Liabilities and Net Assets / Fund Balance$148,191$147,342▼ $849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ellen MagnisExecutive DirectorFT$102,262$102,262
Gadi Ben MenachemCEOFT$21,562$21,562

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$413,478
Program Service Revenue
$161,634
Investment Income
$0
Other Revenue
$345
All Other Contributions
$413,478
Change in Net Assets
$-15,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$575,457
Revenue Not Reported on Form 990
$2,484
Total Revenue per Audited Statements
$577,941
Total Revenue per Form 990
$575,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,743
Salaries, Compensation, and Employee Benefits$275,538
Total Fundraising Expense$119,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$24,825$75,571$53,340$153,736
Other Salaries and Wages$99,808$23,621$14,904$138,333
Current Officers, Directors, Trustees, and Key Employees$34,425$34,425$29,508$98,358
Insurance-$29,415-$29,415
Occupancy$15,336$6,631$5,074$27,041
Other Employee Benefits$12,495$5,403$4,134$22,032
Payroll Taxes$9,536$4,124$3,155$16,815
Travel$9,770--$9,770
Other Expenses$5,913$8,542$5,232$5,232
Office Expenses-$4,523-$4,523
Information Technology-$3,029-$3,029
Advertising-$680-$680
Total Functional Expenses$266,780$205,173$119,328$591,281

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$593,781
Expenses per Audited Statements$591,281
Total Expenses per Form 990$591,281
Expenses Not Reported on Form 990$2,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Minds Matter National Inc
EIN
13-3688434
Phone
2126266584
Address
1120 Avenue of the Americas 4th Fl, New York, NY 10036

Signing Officer

Name
Deborah McGinn
Title
Treasurer
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashish Shah
Formed
1991
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
2,500

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization does not believe its finanical statemetns include any material, uncertain tax positions. Tax returns for periods June 30, 2014 and later are subject to examination by applicable taxing authorities.

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IRS990/IRPDocumentCnt02
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IRS990/LocalChaptersInd0true
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Minds Matter is a national non-profit organization whose mission is to transform the lives of accomplished high school students from low-income families by broadening their dreams and preparing them for college success.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0143707
IRS990/NetAssetsOrFundBalancesEOYAmt0127867
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-16
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IRS990/OccupancyGrp/FundraisingAmt05074
IRS990/OccupancyGrp/ManagementAndGeneralAmt06631
IRS990/OccupancyGrp/ProgramServicesAmt015336
IRS990/OccupancyGrp/TotalAmt027041
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04523
IRS990/OfficeExpensesGrp/TotalAmt04523
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt02823
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04134
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05403
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012495
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022032
IRS990/OtherExpensesGrp/Desc0Other Program Expenses
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Online Software
IRS990/OtherExpensesGrp/Desc3Special Event Expense
IRS990/OtherExpensesGrp/FundraisingAmt03981
IRS990/OtherExpensesGrp/FundraisingAmt15232
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09209
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18542
IRS990/OtherExpensesGrp/ProgramServicesAmt054672
IRS990/OtherExpensesGrp/ProgramServicesAmt15913
IRS990/OtherExpensesGrp/TotalAmt054672
IRS990/OtherExpensesGrp/TotalAmt119103
IRS990/OtherExpensesGrp/TotalAmt28542
IRS990/OtherExpensesGrp/TotalAmt35232
IRS990/OtherLiabilitiesGrp/BOYAmt03269
IRS990/OtherRevenueMiscGrp/Desc0Miscellanous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0345
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0345
IRS990/OtherRevenueTotalAmt0345
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014904
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023621
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt099808
IRS990/OtherSalariesAndWagesGrp/TotalAmt0138333
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03155
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04124
IRS990/PayrollTaxesGrp/ProgramServicesAmt09536
IRS990/PayrollTaxesGrp/TotalAmt016815
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt014631
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012494
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Ashish Shah
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0License Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0161634
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0161634
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0220864
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06836
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0205646
IRS990/PYOtherRevenueAmt014
IRS990/PYProgramServiceRevenueAmt0129600
IRS990/PYRevenuesLessExpensesAmt0-189715
IRS990/PYSalariesCompEmpBnftPaidAmt0341383
IRS990/PYTotalExpensesAmt0547029
IRS990/PYTotalRevenueAmt0357314
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-15824
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0161634
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0133560
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0132025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0413478
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0220864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0373804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0342933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0253483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01604562
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02111
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0122
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05401
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0443600
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0345
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03454
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0434
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02910
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07157
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69870
IRS990ScheduleA/PublicSupportPY170Pct00.54180
IRS990ScheduleA/PublicSupportTotal170Amt01129864
IRS990ScheduleA/SubstantialContributorsTotAmt0474698
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0413478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0220864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0373804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0342933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0253483
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01604562
IRS990ScheduleA/TotalSupportAmt01617120
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.03$0.03$2.00$0.91$1.01$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.06$2.11$1.73$0.78$0.95
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.02$1.16$0.89$0.50$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.03$0.77$0.73$0.33$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.06$0.37$0.45$0.33$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.03$0.25$0.48$0.35$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.58$0.59$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.58$0.59$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.00$0.14$0.36$0.55$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.50$0.55$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.04$0.28$0.43$0.49$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.35$0.23$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.09$0.23$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.09$0.10$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.06$0.09$0.11