Civic Intelligence

The Mind Trust Inc.

990 • Fiscal year 2020 • EIN 20-4560286

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 11, 2020

Organization ProfileWWW.THEMINDTRUST.ORG

View Organization Page

1630 N Meridian Street Suite 450Indianapolis, IN 46202

(317) 822-8102

Siviq Scores

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

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.05x

Higher debt load relative to revenue than 15% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

81st percentile

27%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$260,338

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

85th percentile

34%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-7.0%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$22,651,490

Up $5,791,675 (+34%) from 2019

Net Assets

Up

$21,677,800

Up $5,378,428 (+33%) from 2019

Liabilities

Up

$973,690

Up $413,247 (+74%) from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin81st percentile

Revenue

Down

$20,265,397

Down $1,535,925 (-7.0%) from 2019

Expenses

Down

$14,886,969

Down $1,328,948 (-8.2%) from 2019

Net Income

Down

$5,378,428

Down $206,977 (-3.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$60M$40M$20M$0Assets 2010: $4,740,773Liabilities 2010: $52,392Net Assets 2010: $4,688,3812010Assets 2011: $9,385,367Liabilities 2011: $1,646,381Net Assets 2011: $7,738,9862011Assets 2012: $10,381,291Liabilities 2012: $792,776Net Assets 2012: $9,588,5152012Assets 2013: $9,879,571Liabilities 2013: $1,921,565Net Assets 2013: $7,958,0062013Assets 2014: $11,045,661Liabilities 2014: $3,510,298Net Assets 2014: $7,535,3632014Assets 2015: $11,922,845Liabilities 2015: $1,721,012Net Assets 2015: $10,201,8332015Assets 2016: $17,848,682Liabilities 2016: $309,928Net Assets 2016: $17,538,7542016Assets 2017: $17,008,837Liabilities 2017: $472,557Net Assets 2017: $16,536,2802017Assets 2018: $11,028,570Liabilities 2018: $314,603Net Assets 2018: $10,713,9672018Assets 2019: $16,859,815Liabilities 2019: $560,443Net Assets 2019: $16,299,3722019Assets 2020: $22,651,490Liabilities 2020: $973,690Net Assets 2020: $21,677,8002020Assets 2021: $28,455,192Liabilities 2021: $2,626,079Net Assets 2021: $25,829,1132021Assets 2022: $18,983,816Liabilities 2022: $1,958,140Net Assets 2022: $17,025,6762022Assets 2023: $26,440,445Liabilities 2023: $1,244,620Net Assets 2023: $25,195,8252023Assets 2024: $34,049,326Liabilities 2024: $2,642,074Net Assets 2024: $31,407,2522024Assets 2025: $58,731,314Liabilities 2025: $4,295,653Net Assets 2025: $54,435,6612025

Highlighted filing

2020

Assets$22,651,490
Liabilities$973,690
Net Assets$21,677,800
Open 2020 Filing

Operations Trend

Revenue Growth31st percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $4,687,7732010Revenue 2011: $9,730,804Expenses 2011: $6,680,199Net Income 2011: $3,050,6052011Revenue 2012: $5,942,355Expenses 2012: $4,092,826Net Income 2012: $1,849,5292012Revenue 2013: $6,975,901Expenses 2013: $8,606,410Net Income 2013: -$1,630,5092013Revenue 2014: $6,765,539Expenses 2014: $7,188,182Net Income 2014: -$422,6432014Revenue 2015: $6,994,511Expenses 2015: $4,328,041Net Income 2015: $2,666,4702015Revenue 2016: $14,265,948Expenses 2016: $6,929,027Net Income 2016: $7,336,9212016Revenue 2017: $5,361,562Expenses 2017: $6,364,036Net Income 2017: -$1,002,4742017Revenue 2018: $6,081,239Expenses 2018: $11,903,552Net Income 2018: -$5,822,3132018Revenue 2019: $21,801,322Expenses 2019: $16,215,917Net Income 2019: $5,585,4052019Revenue 2020: $20,265,397Expenses 2020: $14,886,969Net Income 2020: $5,378,4282020Revenue 2021: $26,157,589Expenses 2021: $22,006,276Net Income 2021: $4,151,3132021Revenue 2022: $10,830,656Expenses 2022: $19,634,093Net Income 2022: -$8,803,4372022Revenue 2023: $29,881,369Expenses 2023: $21,711,220Net Income 2023: $8,170,1492023Revenue 2024: $49,302,138Expenses 2024: $43,542,749Net Income 2024: $5,759,3892024Revenue 2025: $57,932,587Expenses 2025: $35,611,037Net Income 2025: $22,321,5502025

Highlighted filing

2020

Revenue$20,265,397
Expenses$14,886,969
Net Income$5,378,428
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$20,265,397
Mission and Program Overview

Mission

The mind trust executes three core strategies: growing high quality schools; investing in world-class talent and supporting schools to succeed; and engaging the community and advancing policy. The mind trust operates a pair of unique school incubators-the innovation school fellowship and charter school fellowship to entice talented leaders to launch high quality public schools in indianapolis. Through its third incubator, the education entrepreneur fellowship, the mind trust attracts social innovators to indianapolis to launch break the mold nonprofits that provide great schools with critical supports. The mind trust works closely with its partners to cultivate the landscape needed for schools to thrive through community engagement and public policy/thought leadership efforts. The mind trust is a funding intermediary and local champion for entrepreneurial education ventures.

The mind trust aims to provide every student in indianapolis with access to a high quality, world-class education. To do this, the mind trust recruits and develops talented innovative educators, launches high-quality schools with the conditions for success, and engages neighborhoods and communities to help lead education innovation, thereby supporting, benefitting, and performing the educational and charitable purposes of the university of indianapolis and tntp.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,332,333$19,362,516▲ $4,030,183
Pledges and Grants Receivable$1,406,232$3,196,500▲ $1,790,268
Prepaid Expenses and Deferred Charges$19,157$68,316▲ $49,159
Land, Buildings, and Equipment, Net$102,093$24,158▼ $77,935
Total Assets$16,859,815$22,651,490▲ $5,791,675
Liabilities
Other Liabilities-$492,100-
Accounts Payable and Accrued Expenses$560,443$481,590▼ $78,853
Total Liabilities$560,443$973,690▲ $413,247
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,418,656$18,245,318▲ $4,826,662
Net Assets Without Donor Restrictions$2,880,716$3,432,482▲ $551,766
Total Net Assets Fund Balance$16,299,372$21,677,800▲ $5,378,428
Total Liabilities and Net Assets / Fund Balance$16,859,815$22,651,490▲ $5,791,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,611$163,785$187,396
Leasehold Improvements$547$130,314$130,861
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brandon BrownCEOFT$254,226$6,112$260,338
Shannon WilliamsSVP CommunitFT$169,973$31,456$201,429
Shannon WilliamsSVP Community Engage-$169,973$31,456$201,429
Joe WhiteSVP School SFT$139,789$29,656$169,445
Joe WhiteSVP School Support-$139,789$32,578$169,445
Kristin GrimmeSVP School IFT$140,565$24,683$165,248
Kristin GrimmeSVP School Incubatio-$140,565$24,683$165,248
Lauren RushSVP StrategiFT$139,011$23,775$162,786
Lauren RushSVP Strategic Alignm-$139,011$23,480$162,786
Corrie LappSr DirectorFT$128,831$22,925$151,756
Corrie LappSr Director of Finan-$128,831$20,298$151,756

Board Members and Trustees

NameTitle
Jim SchumacherBoard Chair
Ann D MurtlowBoard Treasu
Bill ShrewsberryDirector
David HarrisDirector
David ShaneDirector
Jane PauleyDirector
Kenya BradshawDirector
Leigh Ann PuseyDirector
Maggie a LewisDirector
Mark MilesDirector
Steven JonesDirector
Samuel OdleSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Attuned Education Partners LLCConsulting716 VALLEY ROAD, 7TH FLOOR, Montclair, NJ 07043$645,125
Instruction PartnersConsulting604 GALLATIN AVE SUITE 202, SUITE 425, Nashville, TN 37206$615,410
Center For Innovative EducationConsulting11208 HARRISTON DRIVE, Fishers, IN 46037$319,000
Relay Graduate School Of EducationSupport40 W 20TH STREET, New York, NY 10011$154,500
Charter Schools DevelopmentConsulting7880 MILESTONE PKWY, Hanover, MD 21076$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$20,059,447
Program Service Revenue
$0
Investment Income
$205,950
Other Revenue
$0
All Other Contributions
$20,059,447
Change in Net Assets
$5,378,428

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,265,397
Revenue Not Reported on Form 990
$2,585
Total Revenue per Audited Statements
$20,267,982
Total Revenue per Form 990
$20,265,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,226,806
Other Expenses$4,163,522
Salaries, Compensation, and Employee Benefits$3,496,641
Total Fundraising Expense$337,641
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,226,806--$7,226,806
Fees for Services Other$3,301,304$63,367$19,750$3,384,421
Other Salaries and Wages$2,227,236$323,158$237,594$2,787,988
Other Employee Benefits$388,947$71,269$48,512$508,728
Payroll Taxes$161,155$23,044$15,726$199,925
Travel$96,796$25,267$431$122,494
Office Expenses$59,265$61,193$1,029$121,487
Occupancy$65,132$9,360$6,861$81,353
Depreciation Depletion$70,322$4,392$3,220$77,934
Fees for Services Accounting$11,166$59,737-$70,903
Conferences and Meetings$36,689$24,344$330$61,363
Advertising$57,572$1,799$905$60,276
Insurance$20,339$12,074$2,098$34,511
Other Expenses$3,585$9,211$368$13,164
Fees for Services Legal$1,799$7,239-$9,038
Total Functional Expenses$13,827,610$721,718$337,641$14,886,969

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,889,554
Expenses per Audited Statements$14,886,969
Total Expenses per Form 990$14,886,969
Expenses Not Reported on Form 990$2,585
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Teach for AmericaNew York, NY501c3See Attached$1,537,500
Relay Graduate School of EducationNew York, NY501c3See Attached$800,000
Path School IncIndianapolis, IN501c3See Attached$442,097
Believe Schools IncIndianapolis, IN501c3See Attached$439,711
Enroll IndyIndianapolis, IN501c3See Attached$385,000
Indianapolis Public SchoolsIndianapolis, IN501c3See Attached$327,500
Adelante Schools IncIndianapolis, IN501c3See Attached$325,000
Stand for Children LeadershipIndianapolis, IN501c3See Attached$300,000
Rooted School IndianapolisIndianapolis, IN501c3See Attached$270,000
Empowered Families IncIndianapolis, IN501c3See Attached$264,648
Kipp Indianapolis IncIndianapolis, IN501c3See Attached$260,000
Every Girl Can Stem IncZionsville, IN501c3See Attached$242,500
Invent Learning HubIndianapolis, IN501c3See Attached$200,000
Tntp IncNew York, NY501c3Type 1 Supported Org$166,850
Institute for Quality Education inIndianapolis, IN501c3See Attached$150,000
Promise Prep IncIndianapolis, IN501c3See Attached$125,000
Christel House AcademyIndianapolis, IN501c3See Attached$106,000
Avondale Meadows AcademyIndianapolis, IN501c3See Attached$100,000
George & Veronica Phalen LeadershipIndianapolis, IN501c3See Attached$100,000
Gleaners Food Bank of Indiana IncIndianapolis, IN501c3See Attached$100,000
Greater Indianapolis ProgressIndianapolis, IN501c3See Attached$100,000
Marian UniversityIndianapolis, IN501c3See Attached$85,000
Purdue Polytechnic High School ofIndianapolis, IN501c3See Attached$75,000
Together Education IncNew York, NY-See Attached$60,000
Cold Spring School IncIndianapolis, IN501c3See Attached$50,000
Sankofa School of Success IncIndianapolis, IN501c3See Attached$50,000
Teach PlusBoston, MA501c3See Attached$30,000
Rooted SchoolNew Orleans, LA501c3See Attached$25,000
The Educate Me Foundation IncIndianapolis, IN501c3See Attached$25,000
Tindley Accelerated SchoolsIndianapolis, IN501c3See Attached$25,000
La Plaza IncIndianapolis, IN501c3See Attached$15,000
ASANTE CHILDREN'S THEATREIndianapolis, IN501c3See Attached$10,000
Kheprw InstituteIndianapolis, IN501c3See Attached$10,000
The Bloom Project IncIndianapolis, IN501c3See Attached$10,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba-ppp Loan$492,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Page 6, Part VI, Line 4

“In november of 2019, the mind trust, inc. Amended their articles of incorporation and filed them with the indiana secretary of state. The bylaws were changed to allow for the election of community directors by a majority of the board. The revised articles of incorporation are attached (with the changes highlighted). The articles of amendment to the articles of incorporation filing with the indiana secretary of state is also attached.”

Form 990, Page 6, Part VI, Line 11B

“Line 11b the mind trust's form 990 and all related schedules, statements and attachments are reviewed and approved by the finance and audit committee and the full board of directors prior to filing the returns with the irs.”

Form 990, Page 6, Part VI, Line 12C

“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 appropriate action in the case of any actual or potential conflict of interest transaction. The mind trust's director of finance and operations reviews the annual conflict of interest disclosure forms completed by employees, directors and officers 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, officer or director has a conflict, he or she is excluded from deliberations and decisions related to the issue.”

Form 990, Page 6, Part VI, Line 15A

“Annually, the mind trust's compensation committee requests the ceo complete a written self-assessment and provide the self- assessment to the compensation committee. The compensation committee requests feedback from current and/or recent employees, as well as other board members, as appropriate on an anonymous basis to solicit their individual input on the ceo's performance. The compensation committee confers to determine performance feedback as well as any changes to the ceo to relay that feedback and any compensation change. The compensation committee communicates the process and outcome to the board of directors and sends written notification to the mind trust's administration of any adjustment in compensation, effective july 1, of any given year.”

Form 990, Page 6, Part VI, 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 its ceo and received at its corporate office.”

Filing and Contact Details

Filer

Filer Name
The Mind Trust Inc
EIN
20-4560286
Phone
3178228102
Address
1630 N MERIDIAN STREET SUITE 450, INDIANAPOLIS, IN 46202

Signing Officer

Name
Brandon Brown
Title
CEO
Phone
3178228102
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Brown
Formed
2006
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
34

Preparer

Firm
Yount & Company LLC
Address
5665 NORTH POST ROAD SUITE 110, INDIANAPOLIS, IN 46216
Preparer
Joseph Daniel Holt
Phone
3175461020
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mind trust executes three core strategies: growing high quality schools; investing in world-class talent and supporting schools to succeed; and engaging the community and advancing policy. The mind trust operates a pair of unique school incubators-the innovation school fellowship and charter school fellowship to entice talented leaders to launch high quality public schools in indianapolis. Through its third incubator, the education entrepreneur fellowship, the mind trust attracts social innovators to indianapolis to launch break the mold nonprofits that provide great schools with critical supports. The mind trust works closely with its partners to cultivate the landscape needed for schools to thrive through community engagement and public policy/thought leadership efforts. The mind trust is a funding intermediary and local champion for entrepreneurial education ventures.”

Form 990, Page 2, Part III, Line 4A

“The mind trust operates three incubators - the innovation school fellowship, charter school fellowship, and education entrepreneur fellowship- that help grow high quality public schools and education nonprofits in indianapolis. The innovation school fellowship helps launch innovation network schools, autonomous public schools within the indianapolis public schools, the city's largest school district, and the mind trust's education empowerment awards help high-performing schools convert to innovation network school status. Through its charter school fellowship, the mind trust helps launch or expand excellent public charter schools, autonomous schools that operate independently of the school district are free from many state regulations, allowing them to be more innovative and flexible in the classroom. The education entrepreneur fellowship launches innovative, high-quality nonprofit education organizations, including great public schools and other groups that address specific challenges facing local schools and students. The mind trust actively engages the communities and neighborhoods it serves to create support for the schools it launches, as well as for broader efforts to reshape education. The mind trust also supports and conducts research on critical issues and advances bold policy initiatives to create a landscape that fosters the growth of quality schools. The mind trust is a funding intermediary and local champion for entrepreneurial education ventures.”

Form 990, Part IX, Line 11G

“Consulting 3,301,304 63,367 19,750”

Financial Statement Notes

Schedule D, Page 3, Part X

“The mind trust recognizes a tax position as a benefit only if it is more likely-than-not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the tax position's technical merits. At june 30, 2020, the mind trust did not recognize a benefit from any uncertain tax positions. It is difficult to predict the final timing and resolution of any particular uncertain tax positions. Based on the mind trust's assessment of many factors, including past experience and complex judgements about future events, the mind trust does not currently anticipate any significant changes in its uncertain tax positions over the next twelve months.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE MIND TRUST OPERATES THREE INCUBATORS - THE INNOVATION SCHOOL FELLOWSHIP, CHARTER SCHOOL FELLOWSHIP, AND EDUCATION ENTREPRENEUR FELLOWSHIP- THAT HELP GROW HIGH QUALITY PUBLIC SCHOOLS AND EDUCATION NONPROFITS IN INDIANAPOLIS. THE INNOVATION SCHOOL FELLOWSHIP HELPS LAUNCH INNOVATION NETWORK SCHOOLS, AUTONOMOUS PUBLIC SCHOOLS WITHIN THE INDIANAPOLIS PUBLIC SCHOOLS, THE CITY'S LARGEST SCHOOL DISTRICT, AND THE MIND TRUST'S EDUCATION EMPOWERMENT AWARDS HELP HIGH-PERFORMING SCHOOLS CONVERT TO INNOVATION NETWORK SCHOOL STATUS. THROUGH ITS CHARTER SCHOOL FELLOWSHIP, THE MIND TRUST HELPS LAUNCH OR EXPAND EXCELLENT PUBLIC CHARTER SCHOOLS, AUTONOMOUS SCHOOLS THAT OPERATE INDEPENDENTLY OF THE SCHOOL DISTRICT ARE FREE FROM MANY STATE REGULATIONS, ALLOWING THEM TO BE MORE INNOVATIVE AND FLEXIBLE IN THE CLASSROOM. THE EDUCATION ENTREPRENEUR FELLOWSHIP LAUNCHES INNOVATIVE, HIGH-QUALITY NONPROFIT EDUCATION ORGANIZATIONS, INCLUDING GREAT PUBLIC SCHOOLS AND OTHER GROUPS THAT ADDRESS SPECIFIC CHALLENGES FACING LOCAL SCHOOLS AND STUDENTS. THE MIND TRUST ACTIVELY ENGAGES THE COMMUNITIES AND NEIGHBORHOODS IT SERVES TO CREATE SUPPORT FOR THE SCHOOLS IT LAUNCHES, AS WELL AS FOR BROADER EFFORTS TO RESHAPE EDUCATION. THE MIND TRUST ALSO SUPPORTS AND CONDUCTS RESEARCH ON CRITICAL ISSUES AND ADVANCES BOLD POLICY INITIATIVES TO CREATE A LANDSCAPE THAT FOSTERS THE GROWTH OF QUALITY SCHOOLS. THE MIND TRUST IS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR ENTREPRENEURIAL EDUCATION VENTURES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP COMMUNIT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP SCHOOL I
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP SCHOOL S
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP STRATEGI
IRS990/Form990PartVIISectionAGrp/TitleTxt17SR DIRECTOR
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE MIND TRUST EXECUTES THREE CORE STRATEGIES: GROWING HIGH QUALITY SCHOOLS; INVESTING IN WORLD-CLASS TALENT AND SUPPORTING SCHOOLS TO SUCCEED; AND ENGAGING THE COMMUNITY AND ADVANCING POLICY. THE MIND TRUST OPERATES A PAIR OF UNIQUE SCHOOL INCUBATORS-THE INNOVATION SCHOOL FELLOWSHIP AND CHARTER SCHOOL FELLOWSHIP TO ENTICE TALENTED LEADERS TO LAUNCH HIGH QUALITY PUBLIC SCHOOLS IN INDIANAPOLIS. THROUGH ITS THIRD INCUBATOR, THE EDUCATION ENTREPRENEUR FELLOWSHIP, THE MIND TRUST ATTRACTS SOCIAL INNOVATORS TO INDIANAPOLIS TO LAUNCH BREAK THE MOLD NONPROFITS THAT PROVIDE GREAT SCHOOLS WITH CRITICAL SUPPORTS. THE MIND TRUST WORKS CLOSELY WITH ITS PARTNERS TO CULTIVATE THE LANDSCAPE NEEDED FOR SCHOOLS TO THRIVE THROUGH COMMUNITY ENGAGEMENT AND PUBLIC POLICY/THOUGHT LEADERSHIP EFFORTS. THE MIND TRUST IS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR ENTREPRENEURIAL EDUCATION VENTURES.
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IRS990/NetAssetsOrFundBalancesEOYAmt021677800
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03432482
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt06861
IRS990/OccupancyGrp/ManagementAndGeneralAmt09360
IRS990/OccupancyGrp/ProgramServicesAmt065132
IRS990/OccupancyGrp/TotalAmt081353
IRS990/OfficeExpensesGrp/FundraisingAmt01029
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt061193
IRS990/OfficeExpensesGrp/ProgramServicesAmt059265
IRS990/OfficeExpensesGrp/TotalAmt0121487
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0508728
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE MIND TRUST GAVE GRANTS TO THE FOLLOWING ORGANIZATIONS: ADELANTE SCHOOLS INC. 325,000 ASANTE CHILDREN'S THEATRE 10,000 AVONDALE MEADOWS ACADEMY 100,000 BELIEVE SCHOOLS, INC. 439,711 CHRISTEL HOUSE ACADEMY 106,000 COLD SPRING SCHOOL INC. 50,000 EMPOWERED FAMILIES, INC. 264,648 ENROLL INDY, INC. 385,000 EVERY GIRL CAN STEM INC. 242,500 GEORGE AND VERONICA PHALEN LEADERSHIP ACADEMIES 100,000 GLEANERS FOOD BANK OF INDIANA, INC. 100,000 GREATER INDIANAPOLIS PROGRESS COMMITTEE 100,000 INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION 327,500 INSTITUTE FOR QUALITY EDUCATION, INC 150,000 INVENT LEARNING HUB 200,000 KHEPRW INSTITUTE 10,000 KIPP INDIANAPOLIS, INC. 260,000 LA PLAZA, INC. 15,000 MARIAN UNIVERSITY 85,000 PATH SCHOOL INC. 442,097 PROMISE PREP INC. 125,000 PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS 75,000 RELAY GRADUATE SCHOOL OF EDUCATION 800,000 ROOTED SCHOOL 25,000 ROOTED SCHOOL INDIANAPOLIS 270,000 SANKOFA SCHOOL OF SUCCESS, INC. 50,000 STAND FOR CHILDREN LEADERSHIP CENTER, INC. 300,000 TEACH FOR AMERICA (NY) 1,537,500 TEACH PLUS 30,000 THE BLOOM PROJECT, INC 10,000 THE EDUCATE ME FOUNDATION 25,000 TINDLEY ACCELERATED SCHOOLS 25,000 TNTP, INC. 166,850 TOGETHER EDUCATION INC. 60,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 6
IRS990ScheduleA/OtherSupportSumAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,651,490
Liabilities
$973,690
Net assets
$21,677,800
Revenue
$20,265,397
Expenses
$14,886,969
Net income
$5,378,428
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$58.7$4.30$54.4$57.9$35.6$22.3
2024Detailed filing. Detailed filing data is available for this year.$34.0$2.64$31.4$49.3$43.5$5.76
2023Detailed filing. Detailed filing data is available for this year.$26.4$1.24$25.2$29.9$21.7$8.17
2022Detailed filing. Detailed filing data is available for this year.$19.0$1.96$17.0$10.8$19.6$8.80
2021Detailed filing. Detailed filing data is available for this year.$28.5$2.63$25.8$26.2$22.0$4.15
2020Detailed filing. Detailed filing data is available for this year.$22.7$0.97$21.7$20.3$14.9$5.38
2019Summary only. Only limited summary data is available for this year.$16.9$0.56$16.3$21.8$16.2$5.59
2018Detailed filing. Detailed filing data is available for this year.$11.0$0.31$10.7$6.08$11.9$5.82
2017Summary only. Only limited summary data is available for this year.$17.0$0.47$16.5$5.36$6.36$1.00
2016Summary only. Only limited summary data is available for this year.$17.8$0.31$17.5$14.3$6.93$7.34
2015Summary only. Only limited summary data is available for this year.$11.9$1.72$10.2$6.99$4.33$2.67
2014Summary only. Only limited summary data is available for this year.$11.0$3.51$7.54$6.77$7.19$0.42
2013Summary only. Only limited summary data is available for this year.$9.88$1.92$7.96$6.98$8.61$1.63
2012Summary only. Only limited summary data is available for this year.$10.4$0.79$9.59$5.94$4.09$1.85
2011Summary only. Only limited summary data is available for this year.$9.39$1.65$7.74$9.73$6.68$3.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$0.05$4.69$4.69