Civic Intelligence

Mind Research Institute

990 • Fiscal year 2013 • EIN 33-0798804

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 22, 2014

111 Academy Drive92617

(949) 345-8700

Siviq Scores

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

Liabilities / Assets

60th percentile

0.36x

Higher debt load relative to assets than 60% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

31st percentile

0.11x

Higher debt load relative to revenue than 31% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

77th percentile

$283,920

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$7,548,834

Up $1,194,689 (+19%) from 2012

Net Assets

Up

$4,793,593

Up $639,096 (+15%) from 2012

Liabilities

Up

$2,755,241

Up $555,593 (+25%) from 2012

Revenue

$24,278,675

No earlier filing loaded for comparison.

Expenses

Up

$23,639,579

Up $4,757,499 (+25%) from 2012

Net Income

$639,096

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2011: $3,753,272Liabilities 2011: $577,282Net Assets 2011: $3,175,9902011Assets 2012: $6,354,145Liabilities 2012: $2,199,648Net Assets 2012: $4,154,4972012Assets 2013: $7,548,834Liabilities 2013: $2,755,241Net Assets 2013: $4,793,5932013Assets 2015: $10,644,841Liabilities 2015: $9,970,175Net Assets 2015: $674,6662015Assets 2016: $12,520,614Liabilities 2016: $11,592,552Net Assets 2016: $928,0622016Assets 2017: $11,726,434Liabilities 2017: $13,386,916Net Assets 2017: -$1,660,4822017Assets 2018: $11,337,690Liabilities 2018: $10,079,120Net Assets 2018: $1,258,5702018Assets 2019: $12,038,593Liabilities 2019: $10,586,623Net Assets 2019: $1,451,9702019Assets 2020: $17,123,694Liabilities 2020: $22,447,743Net Assets 2020: -$5,324,0492020Assets 2021: $24,530,561Liabilities 2021: $24,366,107Net Assets 2021: $164,4542021Assets 2022: $30,499,790Liabilities 2022: $30,231,248Net Assets 2022: $268,5422022Assets 2023: $28,527,994Liabilities 2023: $30,327,519Net Assets 2023: -$1,799,5252023Assets 2024: $38,449,610Liabilities 2024: $39,668,780Net Assets 2024: -$1,219,1702024Assets 2025: $37,137,925Liabilities 2025: $39,254,062Net Assets 2025: -$2,116,1372025

Highlighted filing

2013

Assets$7,548,834
Liabilities$2,755,241
Net Assets$4,793,593

Operations Trend

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

$40M$20M$0-$20MExpenses 2011: $13,671,8512011Expenses 2012: $18,882,0802012Revenue 2013: $24,278,675Expenses 2013: $23,639,579Net Income 2013: $639,0962013Revenue 2015: $30,741,294Expenses 2015: $30,155,868Net Income 2015: $585,4262015Revenue 2016: $29,085,574Expenses 2016: $28,832,178Net Income 2016: $253,3962016Revenue 2017: $26,504,923Expenses 2017: $29,110,497Net Income 2017: -$2,605,5742017Revenue 2018: $30,485,537Expenses 2018: $27,566,485Net Income 2018: $2,919,0522018Revenue 2019: $27,356,934Expenses 2019: $27,163,534Net Income 2019: $193,4002019Revenue 2020: $23,413,706Expenses 2020: $30,151,090Net Income 2020: -$6,737,3842020Revenue 2021: $32,576,092Expenses 2021: $28,958,877Net Income 2021: $3,617,2152021Revenue 2022: $38,037,109Expenses 2022: $37,930,654Net Income 2022: $106,4552022Revenue 2023: $32,128,532Expenses 2023: $33,030,469Net Income 2023: -$901,9372023Revenue 2024: $34,187,709Expenses 2024: $33,608,787Net Income 2024: $578,9222024Revenue 2025: $31,260,780Expenses 2025: $32,153,484Net Income 2025: -$892,7042025

Highlighted filing

2013

Revenue$24,278,675
Expenses$23,639,579
Net Income$639,096
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 22, 2014
Return Version
2013v3.1
Gross Receipts
$24,334,099
Mission and Program Overview

Mission

We are a nonprofit social impact organization specializing in neuroscience and education research. We created st math, a pre-k 8 visual instructional program that leverages the brain innate spatial-temporal reasoning ability to solve mathematical problems. Educators use this program to deeply engage, motivate, and challenge students toward higher achievement. In addition to providing students with a solid foundation in math, mind research institute aims to prepare them to become part of the stem workforce the future needs.

The MIND Research Institute enables elementary and primary students to reach their full academic and career potential through developing and deploying math instructional software and systems. A non-profit organization, MIND also conducts basic neuroscientific, mathematics, and education research to improve math education and advance scientific understanding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,607,286$2,533,459▲ $926,173
Accounts Receivable$628,288$2,052,826▲ $1,424,538
Cash and Non-Interest-Bearing Accounts$1,918,867$1,538,962▼ $379,905
Intangible Assets$389,967$501,552▲ $111,585
Pledges and Grants Receivable$1,241,130$326,893▼ $914,237
Prepaid Expenses and Deferred Charges$135,921$205,100▲ $69,179
Investments in Publicly Traded Securities$8,298$0▼ $8,298
Savings and Temporary Cash Investments-$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-
Inventories for Sale or Use-$0-
Total Assets$6,354,145$7,548,834▲ $1,194,689
Other Assets Total$424,388$390,042▼ $34,346
Liabilities
Accounts Payable and Accrued Expenses$953,390$1,345,584▲ $392,194
Other Liabilities$677,250$841,770▲ $164,520
Deferred Revenue$569,008$567,887▼ $1,121
Total Liabilities$2,199,648$2,755,241▲ $555,593
Net Assets / Fund Balance
Unrestricted Net Assets$3,540,136$4,107,438▲ $567,302
Temporarily Rstr Net Assets$614,361$686,155▲ $71,794
Total Net Assets Fund Balance$4,154,497$4,793,593▲ $639,096
Total Liabilities and Net Assets / Fund Balance$6,354,145$7,548,834▲ $1,194,689

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,578,822$1,162,614$2,741,436
Leasehold Improvements$836,151$107,750$943,901
Other Land Buildings$118,486$232,860$351,346
Other Assets Org$328,013--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa PopracVP SalesFT$154,832-$283,920
Robert MaglianoSales DirectorFT$136,710$100,932$251,790
Ted SmithChairmanFT$251,162-$251,162
Matthew PetersonCOOFT$239,682$129,088$239,682
Chiara TelliniSales AssociateFT$92,700$145,400$238,100
Eric SbarEmployeeFT$108,666$128,997$237,663
Timothy WelchEmployeeFT$126,784-$227,716
Andrew CoulsonVP Product DvlpFT$195,453$24,900$220,353
MARK BODNER PhDVice ChairmanFT$159,077$115,080$159,077

Board Members and Trustees

NameTitle
Bruce CahillBoard Member
Daryl PelcBoard Member
David HorowitzBoard Member
Donald E GarciaBoard Member
Edwin D FullerBoard Member
JIRI PATERA PhDBoard Member
James Walkie RayBoard Member
Jim MazzoBoard Member
Jim MccluneyBoard Member
Jim PetersonBoard Member
John BishopBoard Member
John EvansBoard Member
John PhelanBoard Member
Lawrence HigbyBoard Member
Marian BergesonBoard Member
Mike LefkowitzBoard Member
Roberta JenkinsBoard Member
William Federick PodlichBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Professional Media GroupService-$175,230
Getting SmartService-$104,838
Revenue and Support

Revenue Composition

Contributions and Grants
$5,403,595
Program Service Revenue
$18,874,848
Investment Income
$232
Other Revenue
$0
All Other Contributions
$4,864,908
Change in Net Assets
$639,096

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$1,055,406Fair Market Value (FMV)
Total Noncash Contributions1$1,055,406-

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,278,675
Revenue Not Reported on Form 990
$19,056
Total Revenue per Audited Statements
$24,297,731
Total Revenue per Form 990
$24,278,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,514,267
Other Expenses$5,943,412
Total Fundraising Expense$1,999,422
Grants and Similar Amounts Paid$181,900
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,293,942$920,649$1,207,573$14,422,164
Travel$1,409,197$27,135$71,249$1,507,581
Other Employee Benefits$978,924$38,103$105,020$1,122,047
Payroll Taxes$941,807$60,600$97,375$1,099,782
Occupancy$810,547$37,594$63,870$912,011
Current Officers, Directors, Trustees, and Key Employees$741,851$55,555$72,868$870,274
Depreciation Depletion$471,922$20,030$41,043$532,995
All Other Expenses$311,888$7,858$139,059$458,805
Conferences and Meetings$360,859$3,117$17,061$381,037
Fees for Services Legal$136,329$51,401$14,803$202,533
Other Expenses$163,283$6,597$13,246$183,126
Advertising$141,480--$141,480
Grants to Domestic Orgs$117,000--$117,000
Foreign Grants$64,900--$64,900
Interest$51,118$2,214$4,514$57,846
Fees for Services Accounting$18,351$13,474$1,795$33,620
Insurance$25,132$1,047$2,294$28,473
Total Functional Expenses$20,372,274$1,267,883$1,999,422$23,639,579

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,658,635
Expenses per Audited Statements$23,639,579
Total Expenses per Form 990$23,639,579
Expenses Not Reported on Form 990$19,056
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
---Research and Development$87,000
---Research and Development$30,000

International Summary

Spending
$64,900

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaResearch and DevelopmentResearch and Development00$58,900
East AsiaResearch and DevelopmentResearch and Development00$6,000
South AfricaSoftware SalesEducational Software00$0
United KingdomSoftware SalesEducational Software00$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,424
Fundraising Gross Income$55,424
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$594,111$55,424$55,424$0
Total Events$594,111$55,424$55,424-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Walkie RayBoard MemberDonate Storage SpaceNo$19,056

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$790,315
Note Payable$51,455
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 family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

At the board's request and consent, form 990 was reviewed and accepted by a committee of the board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

ANNUAL DISCLOSURES

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The compensation committee of the board reviews salaries of all officers based on publically available market data.

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

These items are made available upon request.

Filing and Contact Details

Filer

EIN
33-0798804
Phone
9493458700

Signing Officer

Name
Greg Blevins
Title
CFO
Signed
2014-08-22
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
CA
Voting Board Members
22
Independent Board Members
18
Employees
198
Volunteers
132

Preparer

Preparer
Patrick S Guzman CPA
Phone
5624980997
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IRS990/Desc0THE MIND RESEARCH INSTITUTE ENABLES ELEMENTARY AND PRIMARY STUDENTS TO REACH THEIR FULL ACADEMIC AND CAREER POTENTIAL THROUGH DEVELOPING AND DEPLOYING MATH INSTRUCTIONAL SOFTWARE AND SYSTEMS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.1$39.3$2.12$31.3$32.2$0.89
2024Detailed filing. Detailed filing data is available for this year.$38.4$39.7$1.22$34.2$33.6$0.58
2023Detailed filing. Detailed filing data is available for this year.$28.5$30.3$1.80$32.1$33.0$0.90
2022Detailed filing. Detailed filing data is available for this year.$30.5$30.2$0.27$38.0$37.9$0.11
2021Detailed filing. Detailed filing data is available for this year.$24.5$24.4$0.16$32.6$29.0$3.62
2020Detailed filing. Detailed filing data is available for this year.$17.1$22.4$5.32$23.4$30.2$6.74
2019Detailed filing. Detailed filing data is available for this year.$12.0$10.6$1.45$27.4$27.2$0.19
2018Detailed filing. Detailed filing data is available for this year.$11.3$10.1$1.26$30.5$27.6$2.92
2017Detailed filing. Detailed filing data is available for this year.$11.7$13.4$1.66$26.5$29.1$2.61
2016Detailed filing. Detailed filing data is available for this year.$12.5$11.6$0.93$29.1$28.8$0.25
2015Detailed filing. Detailed filing data is available for this year.$10.6$9.97$0.67$30.7$30.2$0.59
2013Detailed filing. Detailed filing data is available for this year.$7.55$2.76$4.79$24.3$23.6$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$2.20$4.15$18.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.58$3.18$13.7