Civic Intelligence

The Gray Matter Experience Inc

990 • Fiscal year 2023 • EIN 81-1936438

Mar 01, 2022 to Feb 28, 2023 • Filed on Oct 02, 2023

Organization ProfileWWW.GRAYMATTEREXPERIENCE.COM
20 N Wacker Dr 1200Chicago, IL 60606

(217) 721-2021

Siviq Scores

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

Liabilities / Assets

61st percentile

0.05x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.05x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$90,692

Higher top officer pay than 84% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

88th percentile

54%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

59%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$823,401

Up $287,603 (+54%) from 2022

Net Assets

Up

$780,338

Up $275,425 (+55%) from 2022

Liabilities

Up

$43,063

Up $12,178 (+39%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin81st percentile

Revenue

Up

$924,948

Up $341,391 (+59%) from 2022

Expenses

Up

$649,523

Up $339,099 (+109%) from 2022

Net Income

Up

$275,425

Up $2,292 (+0.8%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2023

Assets$823,401
Liabilities$43,063
Net Assets$780,338
Open 2023 Filing

Operations Trend

Revenue Growth84th 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

2023

Revenue$924,948
Expenses$649,523
Net Income$275,425
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2022 to Feb 28, 2023
Signed
Oct 2, 2023
Return Version
2022v5.0
Gross Receipts
$924,948
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.

The gray matter experience provides an environment and community where black students can explore business and creative areas within an innovative space - fostering the development of entrepreneurial skills, mindsets, self-agency, and transferability of their skills and mindsets to school, career, and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$525,883$733,913▲ $208,030
Pledges and Grants Receivable-$75,000-
Land, Buildings, and Equipment, Net$7,641$8,000▲ $359
Prepaid Expenses and Deferred Charges$2,274$4,838▲ $2,564
Total Assets$535,798$823,401▲ $287,603
Other Assets Total$0$1,650▲ $1,650
Liabilities
Unsecured Notes Loans Payable$20,700$20,700→ $0
Accounts Payable and Accrued Expenses$1,004$13,235▲ $12,231
Other Liabilities$9,181$9,128▼ $53
Total Liabilities$30,885$43,063▲ $12,178
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$504,913$743,880▲ $238,967
Net Assets With Donor Restrictions$0$36,458▲ $36,458
Total Net Assets Fund Balance$504,913$780,338▲ $275,425
Total Liabilities and Net Assets / Fund Balance$535,798$823,401▲ $287,603

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,000$13,305$21,305
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Britney RobbinsFounder and CEOFT$90,692$90,692

Board Members and Trustees

NameTitle
Chika UmeadiChair
Seth GreenVice Chair
Pamela RandleSecretary
Layla LumpkinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$879,147
Program Service Revenue
$45,601
Investment Income
$0
Other Revenue
$200
All Other Contributions
$879,147
Change in Net Assets
$275,425

Audited Revenue Reconciliation

Revenue per Audited Statements
$924,948
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$924,948
Total Revenue per Form 990
$924,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,721
Salaries, Compensation, and Employee Benefits$293,802
Total Fundraising Expense$75,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,800$99,735-$256,535
Occupancy-$37,219-$37,219
Payroll Taxes$11,418$8,554-$19,972
Conferences and Meetings-$19,638-$19,638
Other Employee Benefits$13,667$3,628-$17,295
Advertising-$12,609-$12,609
All Other Expenses$536$11,092-$11,628
Fees for Services Legal-$7,250-$7,250
Fees for Services Accounting-$5,293-$5,293
Fees for Services Other-$5,222-$5,222
Other Expenses$23,444$4,370$75,883$4,370
Depreciation Depletion$2,931--$2,931
Travel-$2,912-$2,912
Insurance-$2,647-$2,647
Total Functional Expenses$281,700$291,940$75,883$649,523

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$649,523
Total Expenses per Audited Statements$649,523
Total Expenses per Form 990$649,523
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Student Business Trust Liabilities$9,128
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section C, 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
Phone
2177212021
Address
20 N WACKER DR 1200, CHICAGO, IL 60606

Signing Officer

Name
Britney Robbins
Title
CEO
Phone
2177212021
Signed
2023-10-02

Organization Details

Principal Officer
Britney Robbins
Formed
2016
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
Cheryl Rohlfs & Associates Ltd
Address
401 HUEHL ROAD SUITE 1E, NORTHBROOK, IL 60062
Preparer
Cheryl K Rohlfs CPA
Phone
8477539200
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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0924948
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0583557
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0297774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0164705
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt045519
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02016503
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013305
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021305
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0649523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT BUSINESS TRUST LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0924948
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08000
IRS990ScheduleD/TotalExpensesPerForm990Amt0649523
IRS990ScheduleD/TotalLiabilityAmt09128
IRS990ScheduleD/TotalRevenuePerForm990Amt0924948
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0924948
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0649523
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT ASSIST IN PREPARING AND THEN REVIEWS A DRAFT COPY OF THE FORM 990 PREPARED BY THE OEGANIZATION'S TAX PREPARER PRIOR TO THE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL REPORTS ARE MADE AVAILABLE ON THE WEBSITE AND INCOME TAX RETURNS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0535798
IRS990/TotalAssetsEOYAmt0823401
IRS990/TotalAssetsGrp/BOYAmt0535798
IRS990/TotalAssetsGrp/EOYAmt0823401
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0879147
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt075883
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0291940
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281700
IRS990/TotalFunctionalExpensesGrp/TotalAmt0649523
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030885
IRS990/TotalLiabilitiesEOYAmt043063
IRS990/TotalLiabilitiesGrp/BOYAmt030885
IRS990/TotalLiabilitiesGrp/EOYAmt043063
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0504913
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0780338
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0281700
IRS990/TotalProgramServiceRevenueAmt045601
IRS990/TotalReportableCompFromOrgAmt090692
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0924948
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0535798
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0823401
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02912
IRS990/TravelGrp/TotalAmt02912
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt020700
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt020700
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020 N WACKER DR 1200
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060606
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.GRAYMATTEREXPERIENCE.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRITNEY ROBBINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02177212021
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GRAY MATTER EXPERIENCE INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAY
ReturnHeader/Filer/EIN0811936438
ReturnHeader/Filer/PhoneNum02177212021
ReturnHeader/Filer/USAddress/AddressLine1Txt020 N WACKER DR 1200
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060606
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363998687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHERYL ROHLFS & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 HUEHL ROAD SUITE 1E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHBROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060062
ReturnHeader/PreparerPersonGrp/PhoneNum08477539200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHERYL K ROHLFS CPA
ReturnHeader/ReturnTs02023-10-02T11:22:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRITNEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROBBINS
ReturnHeader/TaxPeriodBeginDt02022-03-01
ReturnHeader/TaxPeriodEndDt02023-02-28
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$823,401
Liabilities
$43,063
Net assets
$780,338
Revenue
$924,948
Expenses
$649,523
Net income
$275,425
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