Civic Intelligence

Motivate Our Minds Inc.

990 • Fiscal year 2017 • EIN 35-1734264

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

2023 E Highland AveMuncie, IN 47303-3229

(765) 289-1990

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

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

Liabilities / Revenue

58th percentile

0.06x

Higher debt load relative to revenue than 58% of similar nonprofits.

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

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

27th percentile

-3.5%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

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

Assets

Down

$924,745

Down $33,118 (-3.5%) from 2016

Net Assets

Down

$909,501

Down $39,348 (-4.1%) from 2016

Liabilities

Up

$15,244

Up $6,230 (+69%) from 2016

Revenue

Up

$250,926

Up $47,035 (+23%) from 2016

Expenses

Up

$309,476

Up $26,268 (+9.3%) from 2016

Net Income

Up

-$58,550

Up $20,767 (+26%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $997,396Liabilities 2013: $10,013Net Assets 2013: $987,3832013Assets 2014: $1,136,664Liabilities 2014: $13,037Net Assets 2014: $1,123,6272014Assets 2015: $1,030,906Liabilities 2015: $11,250Net Assets 2015: $1,019,6562015Assets 2016: $957,863Liabilities 2016: $9,014Net Assets 2016: $948,8492016Assets 2017: $924,745Liabilities 2017: $15,244Net Assets 2017: $909,5012017Assets 2018: $884,734Liabilities 2018: $13,820Net Assets 2018: $870,9142018Assets 2019: $871,816Liabilities 2019: $12,619Net Assets 2019: $859,1972019Assets 2020: $904,183Liabilities 2020: $47,390Net Assets 2020: $856,7932020Assets 2021: $947,881Liabilities 2021: $11,541Net Assets 2021: $936,3402021Assets 2022: $855,215Liabilities 2022: $12,811Net Assets 2022: $842,4042022Assets 2023: $1,056,636Liabilities 2023: $19,289Net Assets 2023: $1,037,3472023Assets 2024: $856,297Liabilities 2024: $18,521Net Assets 2024: $837,7762024

Highlighted filing

2017

Assets$924,745
Liabilities$15,244
Net Assets$909,501

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2013: $231,219Expenses 2013: $254,124Net Income 2013: -$22,9052013Revenue 2014: $330,973Expenses 2014: $266,990Net Income 2014: $63,9832014Revenue 2015: $236,521Expenses 2015: $322,014Net Income 2015: -$85,4932015Revenue 2016: $203,891Expenses 2016: $283,208Net Income 2016: -$79,3172016Revenue 2017: $250,926Expenses 2017: $309,476Net Income 2017: -$58,5502017Revenue 2018: $301,841Expenses 2018: $328,044Net Income 2018: -$26,2032018Revenue 2019: $278,729Expenses 2019: $303,876Net Income 2019: -$25,1472019Revenue 2020: $300,370Expenses 2020: $320,982Net Income 2020: -$20,6122020Revenue 2021: $410,904Expenses 2021: $357,727Net Income 2021: $53,1772021Revenue 2022: $236,447Expenses 2022: $310,030Net Income 2022: -$73,5832022Revenue 2023: $551,751Expenses 2023: $396,774Net Income 2023: $154,9772023Revenue 2024: $289,024Expenses 2024: $499,853Net Income 2024: -$210,8292024

Highlighted filing

2017

Revenue$250,926
Expenses$309,476
Net Income-$58,550
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$272,289
Mission and Program Overview

Mission

Educating children and families to grow and flourish.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$619,667$590,631▼ $29,036
Cash and Non-Interest-Bearing Accounts$107,397$73,269▼ $34,128
Pledges and Grants Receivable$7,394$17,942▲ $10,548
Prepaid Expenses and Deferred Charges$5,971$7,822▲ $1,851
Investments in Publicly Traded Securities$3,958$3,951▼ $7
Total Assets$957,419$924,745▼ $32,674
Other Assets Total$213,032$231,130▲ $18,098
Liabilities
Accounts Payable and Accrued Expenses$9,014$15,244▲ $6,230
Total Liabilities$9,014$15,244▲ $6,230
Net Assets / Fund Balance
Unrestricted Net Assets$941,011$886,559▼ $54,452
Temporarily Rstr Net Assets$7,394$22,942▲ $15,548
Total Net Assets Fund Balance$948,405$909,501▼ $38,904
Total Liabilities and Net Assets / Fund Balance$957,419$924,745▼ $32,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$557,414$332,472$889,886
Equipment$3,689$152,479$156,168
Other Land Buildings$8,050$23,946$31,996
Land$21,478-$21,478
Other Assets Org$3,649--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$123,108-▲ $19,653$1,555$141,206
2016$116,052-▲ $8,461$1,405$123,108
2015$130,736-▼ $1,173$13,511$116,052
2014$77,171$50,000▲ $4,652$1,087$130,736
2013$65,979-▲ $12,050$858$77,171
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marchal HudsonPresident
Devon YohoDirector
Edgar Faulkner JrDirector
Gary BarrettDirector
Karen DowlingDirector
Larry WesleyDirector
Lori ByersDirector
M Julia MasonDirector
Michelle KinseyDirector
Paula TylerDirector
Ro-anne EngleDirector
Ruby CainDirector
Samuel BeasleyDirector
Valerie LandisDirector
Mary DollisonCo-founder
Mitch IssacsSecretary
Roger MillerTreasurer
Derek WilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$242,139
Program Service Revenue
$9,398
Investment Income
$190
Other Revenue
$-801
All Other Contributions
$157,369
Change in Net Assets
$-58,550

Audited Revenue Reconciliation

Revenue per Audited Statements
$272,289
Revenue Not Reported on Financial Statements
$-21,363
Revenue Not Reported on Form 990
$19,646
Other Revenue Adjustments
$-21,363
Total Revenue per Audited Statements
$291,935
Total Revenue per Form 990
$250,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$186,670
Other Expenses$122,806
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,006$33,860-$112,866
Comp Disqual Persons$38,292$16,410-$54,702
Depreciation Depletion$7,339$22,017-$29,356
Occupancy$10,482$10,480-$20,962
Payroll Taxes$8,863$3,798-$12,661
Office Expenses$2,813$8,440-$11,253
Fees for Services Accounting$2,681$8,044-$10,725
Other Employee Benefits$4,509$1,932-$6,441
Insurance$952$2,854-$3,806
Fees for Services Other$581$1,744-$2,325
Other Expenses$421$1,264-$1,685
Fees for Service Investment Mgmnt Fees$389$1,166-$1,555
Advertising$72--$72
Conferences and Meetings-$72-$72
Interest$9$28-$37
Total Functional Expenses$190,968$118,508$0$309,476

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$330,839
Total Expenses per Audited Statements$330,839
Total Expenses per Form 990$309,476
Expenses Not Reported on Financial Statements$-21,363
Other Expense Adjustments$-21,363
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,363
Fundraising Gross Income$17,324
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Appeal$43,466-$14,976-
Spelling Bee$17,324$17,324$6,387$10,937
Total Events$60,790$17,324$21,363$-4,039
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 11B

The board of directors reviews and approves form 990 prior to filing.

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

On an annual basis, all board members are required to complete a conflict of interest statement. In cases where a conflict of interest arises, the conflicted board member(s) abstain from voting and the remaining board members vote, in accordance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public immediately upon request through the organization's office. Additionally, the organization's form 990 is available online at www.guidestar.org. Form 990 is also made immediately available upon request through the organization's office.

Filing and Contact Details

Filer

Filer Name
Motivate Our Minds Inc
EIN
35-1734264
Phone
7652891990
Address
2023 E HIGHLAND AVE, MUNCIE, IN 47303-3229

Signing Officer

Name
Derek Wilson
Title
Vice President
Phone
7652891990
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marchal Hudson
Formed
1987
Legal Domicile
In
Voting Board Members
18
Independent Board Members
18
Employees
18
Volunteers
1,600

Preparer

Firm
Estep Burkey Simmons LLC
Address
PO BOX 42, MUNCIE, IN 47308-0042
Preparer
Thomas a Roberts
Phone
7652847554
Supplemental Narrative

Additional Explanations

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

We are able to demostrate clear connections to the math and reading objectives that are being mastered on a daily and quarterly basis. There are other extended-school programs in muncie and delaware county. While each of these organizations is able to represent a specialized area of expertise, motivate our minds provides a comprehensive collection of benefits to families. Motivate our minds employs certified classroom faculty and provides individualized learning controls, via accelerated math and reading programs. By requiring families to share their student's muncie community schools parent portal login, our faculty are able to manage academic progress in real time which adds another level of individualized attention. The history, facilities, tutor support, and reputation of motivate our minds all contribute to a building culture that is not always seen in other programs around the community and allows the teachers to deliver high quality instruction. We can absolutely replicate and expand success, and poverty does not have to mean low achievement and expectations. A support network is fundamental to student success, and so motivate our minds has developed new collaborations while continuing to nurture our existing partners. Additionally, to support the continued learning of students during summer months, the growing entrepreneurs program was created. Over the course of three academic semesters each year, including the summer, motivate our minds has served an average of 60 students in each session. Over 160 students were served during the last year. Over 90% of motivate our minds' families receive at least some form of tuition assistance, relative to their household income and ability to pay. Our sample size for measurement is not as large as we would like at this point, but we are committed to growing our multiple year retention rates.

Form 990, Part XI, Line 9

Agency fund revenue 19,653 fundraising expenses 21,363 fundraising expenses -21,363 total 19,653

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Income from the endowment funds is used to support the operations of the organization.

Schedule D, Page 3, Part X

Moms recognizes a tax benefit only if it is more likely than not the tax position would be susstained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Moms has examined this issue and has determined there are no material contingent tax liabilities. Moms' federal and state exempt organization tax returns for 2014, 2015, and 2016 are subject to examination by the internal revenue service and the indiana department of revenue. Returns are generally subject to examination for three years after they are filed.

Schedule D, Page 4, Part XI, Line 2D

Agency fund revenue 19,653

Schedule D, Page 4, Part XI, Line 4B

Fundraising expenses -21,363

Schedule D, Page 4, Part XII, Line 4B

Fundraising expenses -21,363

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IRS990/Desc0WITH EXPECTATIONS AS OUR FOUNDATION, THE MOTIVATE OUR MINDS PROGRAM PROVIDES STUDENTS WITH THE PREMIER EDUCATION ENRICHMENT PROGRAM THAT COMBINES ADAPTIVE TECHNOLOGIES WITH INTENSIVE DIRECT INSTRUCTION, PROVIDED BY HIGHLY QUALIFIED TEACHERS. IN THE LAST THREE YEARS, WE HAVE UNDERTAKEN A TREMENDOUS EFFORT TO BETTER DOCUMENT THE RATE OF SUCCESS STUDENTS ARE HAVING IN THE CLASSROOM. TO THOSE ENDS, WE HAVE BEEN ABLE TO MONITOR STUDENT PROGRESS VIA THE MUNCIE COMMUNITY SCHOOLS PARENT PORTAL, AND WE ARE ABLE TO TRACK READING AND MATH PROFICIENCY WITHIN THE STAR READING AND STAR MATH PROGRAMS. WITHIN THE FIRST SEMESTER OF USING THE STAR READING AND STAR MATH PROGRAMS, OUR STUDENTS SHOWED AN AVERAGE GAIN OF MORE THAN ONE WHOLE SCHOOL YEAR. FOR THE STUDENTS THAT ENROLL, (CONTINUED ON SCH O) WE ARE ABLE TO DEMOSTRATE CLEAR CONNECTIONS TO THE MATH AND READING OBJECTIVES THAT ARE BEING MASTERED ON A DAILY AND QUARTERLY BASIS. THERE ARE OTHER EXTENDED-SCHOOL PROGRAMS IN MUNCIE AND DELAWARE COUNTY. WHILE EACH OF THESE ORGANIZATIONS IS ABLE TO REPRESENT A SPECIALIZED AREA OF EXPERTISE, MOTIVATE OUR MINDS PROVIDES A COMPREHENSIVE COLLECTION OF BENEFITS TO FAMILIES. MOTIVATE OUR MINDS EMPLOYS CERTIFIED CLASSROOM FACULTY AND PROVIDES INDIVIDUALIZED LEARNING CONTROLS, VIA ACCELERATED MATH AND READING PROGRAMS. BY REQUIRING FAMILIES TO SHARE THEIR STUDENT'S MUNCIE COMMUNITY SCHOOLS PARENT PORTAL LOGIN, OUR FACULTY ARE ABLE TO MANAGE ACADEMIC PROGRESS IN REAL TIME WHICH ADDS ANOTHER LEVEL OF INDIVIDUALIZED ATTENTION. THE HISTORY, FACILITIES, TUTOR SUPPORT, AND REPUTATION OF MOTIVATE OUR MINDS ALL CONTRIBUTE TO A BUILDING CULTURE THAT IS NOT ALWAYS SEEN IN OTHER PROGRAMS AROUND THE COMMUNITY AND ALLOWS THE TEACHERS TO DELIVER HIGH QUALITY INSTRUCTION. WE CAN ABSOLUTELY REPLICATE AND EXPAND SUCCESS, AND POVERTY DOES NOT HAVE TO MEAN LOW ACHIEVEMENT AND EXPECTATIONS. A SUPPORT NETWORK IS FUNDAMENTAL TO STUDENT SUCCESS, AND SO MOTIVATE OUR MINDS HAS DEVELOPED NEW COLLABORATIONS WHILE CONTINUING TO NURTURE OUR EXISTING PARTNERS. ADDITIONALLY, TO SUPPORT THE CONTINUED LEARNING OF STUDENTS DURING SUMMER MONTHS, THE GROWING ENTREPRENEURS PROGRAM WAS CREATED. OVER THE COURSE OF THREE ACADEMIC SEMESTERS EACH YEAR, INCLUDING THE SUMMER, MOTIVATE OUR MINDS HAS SERVED AN AVERAGE OF 60 STUDENTS IN EACH SESSION. OVER 160 STUDENTS WERE SERVED DURING THE LAST YEAR. OVER 90% OF MOTIVATE OUR MINDS' FAMILIES RECEIVE AT LEAST SOME FORM OF TUITION ASSISTANCE, RELATIVE TO THEIR HOUSEHOLD INCOME AND ABILITY TO PAY. OUR SAMPLE SIZE FOR MEASUREMENT IS NOT AS LARGE AS WE WOULD LIKE AT THIS POINT, BUT WE ARE COMMITTED TO GROWING OUR MULTIPLE YEAR RETENTION RATES.
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