Civic Intelligence

The Gray Matter Experience Inc

990 • Fiscal year 2021 • EIN 81-1936438

Feb 29, 2020 to Feb 28, 2021 • Filed on Mar 29, 2021

Organization ProfileWWW.GRAYMATTEREXPERIENCE.COM
222 North CanalChicago, IL 60606

(217) 721-2021

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.16x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

84th percentile

45%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

88th percentile

$30,708

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

149%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

103%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$289,646

Up $173,505 (+149%) from 2020

Net Assets

Up

$238,880

Up $139,688 (+141%) from 2020

Liabilities

Up

$50,766

Up $33,817 (+200%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin84th percentile

Revenue

Up

$312,847

Up $158,900 (+103%) from 2020

Expenses

Up

$173,159

Up $103,708 (+149%) from 2020

Net Income

Up

$139,688

Up $55,192 (+65%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$1.0M$500K$0Assets 2020: $116,141Liabilities 2020: $16,949Net Assets 2020: $99,1922020Assets 2021: $289,646Liabilities 2021: $50,766Net Assets 2021: $238,8802021Assets 2022: $535,798Liabilities 2022: $30,885Net Assets 2022: $504,9132022Assets 2023: $823,401Liabilities 2023: $43,063Net Assets 2023: $780,3382023Assets 2024: $629,752Liabilities 2024: $10,696Net Assets 2024: $619,0562024Assets 2025: $613,935Liabilities 2025: $11,372Net Assets 2025: $602,5632025

Highlighted filing

2021

Assets$289,646
Liabilities$50,766
Net Assets$238,880
Open 2021 Filing

Operations Trend

Revenue Growth86th percentile

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

$1.0M$500K$0-$500KRevenue 2020: $153,947Expenses 2020: $69,451Net Income 2020: $84,4962020Revenue 2021: $312,847Expenses 2021: $173,159Net Income 2021: $139,6882021Revenue 2022: $583,557Expenses 2022: $310,424Net Income 2022: $273,1332022Revenue 2023: $924,948Expenses 2023: $649,523Net Income 2023: $275,4252023Revenue 2024: $714,241Expenses 2024: $875,523Net Income 2024: -$161,2822024Revenue 2025: $768,288Expenses 2025: $784,781Net Income 2025: -$16,4932025

Highlighted filing

2021

Revenue$312,847
Expenses$173,159
Net Income$139,688
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Feb 29, 2020 to Feb 28, 2021
Signed
Mar 29, 2021
Return Version
2020v4.0
Gross Receipts
$313,054
Mission and Program Overview

Mission

The gray matter experience inspires, educates, and empowers the next generation of black changemakers by bridging entrepreneurial knowledge gap and driving positive community change.

An entrepreneurial experience program for high school students nation wide. Creating opportunities for students to have to professionals, entrepreneurs and resources to fuel their entrepreneurial interests. The aim is to educate and assist students in creating businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$101,998$276,606▲ $174,608
Rtn Earn Endowment Incm Other Fnds$99,192$238,880▲ $139,688
Land, Buildings, and Equipment, Net$14,143$10,540▼ $3,603
Accounts Receivable-$2,500-
Total Assets$116,141$289,646▲ $173,505
Liabilities
Other Liabilities$16,949$30,066▲ $13,117
Unsecured Notes Loans Payable-$20,700-
Total Liabilities$16,949$50,766▲ $33,817
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,192$238,880▲ $139,688
Total Liabilities and Net Assets / Fund Balance$116,141$289,646▲ $173,505

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,540$7,475-
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Britney RobbinsPresidentFT$30,708$30,708
Revenue and Support

Revenue Composition

Contributions and Grants
$258,004
Program Service Revenue
$55,050
Investment Income
$0
Other Revenue
$-207
All Other Contributions
$132,972
Change in Net Assets
$139,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$128,155
Other Expenses$44,983
Total Fundraising Expense$3,125
Grants and Similar Amounts Paid$21
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,956$23,804-$70,760
Current Officers, Directors, Trustees, and Key Employees$20,943$12,283-$33,226
Payroll Taxes$12,657$8,094-$20,751
Fees for Services Other$8,443$190$3,125$11,758
Advertising-$7,863-$7,863
Other Expenses$6,403$4,834-$6,403
Fees for Services Accounting-$5,017-$5,017
Depreciation Depletion$2,547$1,056-$3,603
Other Employee Benefits-$3,418-$3,418
Office Expenses-$2,526-$2,526
All Other Expenses-$1,091-$1,091
Occupancy-$636-$636
Fees for Services Management-$538-$538
Insurance-$499-$499
Information Technology-$215-$215
Grants to Domestic Orgs$21--$21
Total Functional Expenses$97,970$72,064$3,125$173,159
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$18,800
Student Business Trust$10,748
Other Current Liabilities$518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Management assist in preparing and then reviews a draft copy of the form 990 prepared by the organizations tax preparer prior to the filing with the irs.”

CEO executive director top management comp Part VI line 15A

“The executive director salary was $30,708.26 for fiscal year ending february 28, 2021.”

Governing documents etc available to public Part VI line 19

“Annual reports are made available on the website and income tax returns are made available upon request”

Filing and Contact Details

Filer

Filer Name
The Gray Matter Experience Inc
EIN
81-1936438
Address
222 NORTH CANAL, CHICAGO, IL 60606
Doing Business As
Gray Matter Experience

Signing Officer

Name
Britney Robbins
Title
Founder
Phone
2177212021
Signed
2021-03-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Britney Robbins
Formed
2016
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
0
Employees
3
Volunteers
55

Preparer

Firm
Jessica Smith & Company Inc
Address
910 W Van Buren St Ste 1000, Chicago, IL 60607
Preparer
Jessica A Smith
Phone
7085085292
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“The organization sells merchandise such as tee shirts and notebooks to raise additional funds for the organization. The amount of merchandise purchase and sold was less than $1,000, however, the organization may look to increase this activity in the coming years.”

Raw XML Appendix349 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SELLS MERCHANDISE SUCH AS TEE SHIRTS AND NOTEBOOKS TO RAISE ADDITIONAL FUNDS FOR THE ORGANIZATION. THE AMOUNT OF MERCHANDISE PURCHASE AND SOLD WAS LESS THAN $1,000, HOWEVER, THE ORGANIZATION MAY LOOK TO INCREASE THIS ACTIVITY IN THE COMING YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT ASSIST IN PREPARING AND THEN REVIEWS A DRAFT COPY OF THE FORM 990 PREPARED BY THE ORGANIZATIONS TAX PREPARER PRIOR TO THE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR SALARY WAS $30,708.26 FOR FISCAL YEAR ENDING FEBRUARY 28, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REPORTS ARE MADE AVAILABLE ON THE WEBSITE AND INCOME TAX RETURNS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097970
IRS990/TotalFunctionalExpensesGrp/TotalAmt0173159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016949
IRS990/TotalLiabilitiesEOYAmt050766
IRS990/TotalLiabilitiesGrp/BOYAmt016949
IRS990/TotalLiabilitiesGrp/EOYAmt050766
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt099192
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0238880
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt097970
IRS990/TotalProgramServiceRevenueAmt055050
IRS990/TotalReportableCompFromOrgAmt030708
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt054843
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312847
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt055
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0116141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0289646
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt020700
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CHICAGO
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IRS990/USAddress/ZIPCd060624
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.GRAYMATTEREXPERIENCE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0BRITNEY ROBBINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum02177212021
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GRAY MATTER EXPERIENCE INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAY
ReturnHeader/Filer/EIN0811936438
ReturnHeader/Filer/USAddress/AddressLine1Txt0222 NORTH CANAL
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060606
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460830548
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jessica Smith & Company Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0910 W Van Buren St Ste 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060607
ReturnHeader/PreparerPersonGrp/PhoneNum07085085292
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jessica A Smith
ReturnHeader/ReturnTs02021-03-29T20:52:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRITNEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROBBINS
ReturnHeader/TaxPeriodBeginDt02020-03-01
ReturnHeader/TaxPeriodEndDt02021-02-28
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$289,646
Liabilities
$50,766
Net assets
$238,880
Revenue
$312,847
Expenses
$173,159
Net income
$139,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.14$0.11$6.03$7.68$7.85$0.16
2024Detailed filing. Detailed filing data is available for this year.$6.30$0.11$6.19$7.14$8.76$1.61
2023Detailed filing. Detailed filing data is available for this year.$8.23$0.43$7.80$9.25$6.50$2.75
2022Detailed filing. Detailed filing data is available for this year.$5.36$0.31$5.05$5.84$3.10$2.73
2021Detailed filing. Detailed filing data is available for this year.$2.90$0.51$2.39$3.13$1.73$1.40
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.17$0.99$1.54$0.69$0.84