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 organization's tax preparer prior to the filing with the irs.”
990 • Fiscal year 2025 • EIN 81-1936438
Scores are not available for this record yet.
Assets
Down$431,534
Down $198,218 (-31%) from 2024
Net Assets
Down$422,206
Down $196,850 (-32%) from 2024
Liabilities
Down$9,328
Down $1,368 (-13%) from 2024
Revenue
Down$271,863
Down $442,378 (-62%) from 2024
Expenses
Down$452,753
Down $422,770 (-48%) from 2024
Net Income
Down-$180,890
Down $19,608 (-12%) from 2024
The gray matter experience inspires, educates, and empowers the next generation of black changemakers by bridging entrepreneurial knowledge gap and driving positive community change.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $200,334 | $231,712 | ▲ $31,378 |
| Investments in Publicly Traded Securities | $299,964 | $152,496 | ▼ $147,468 |
| Cash and Non-Interest-Bearing Accounts | $105,382 | $39,719 | ▼ $65,663 |
| Land, Buildings, and Equipment, Net | $6,605 | $5,957 | ▼ $648 |
| Total Assets | $613,935 | $431,534 | ▼ $182,401 |
| Other Assets Total | $1,650 | $1,650 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $5,539 | $7,661 | ▲ $2,122 |
| Other Liabilities | $5,833 | $1,667 | ▼ $4,166 |
| Total Liabilities | $11,372 | $9,328 | ▼ $2,044 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $504,713 | $357,206 | ▼ $147,507 |
| Net Assets With Donor Restrictions | $97,850 | $65,000 | ▼ $32,850 |
| Total Net Assets Fund Balance | $602,563 | $422,206 | ▼ $180,357 |
| Total Liabilities and Net Assets / Fund Balance | $613,935 | $431,534 | ▼ $182,401 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $3,104 | $16,105 | $19,209 |
| Other Land Buildings | $2,853 | $647 | $3,500 |
| Name | Title |
|---|---|
| Will Busch | President |
| Milissa Mcclaire Gary | Vice President |
| Britney Robbins | Founder and CEO |
| Tristan Slemmons | Secretary |
| Sara Wasserteil | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $237,187 |
| Other Expenses | $215,566 |
| Total Fundraising Expense | $75,501 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $107,715 | $77,025 | $20,625 | $205,365 |
| Fees for Services Other | $16,564 | $20,085 | $50,594 | $87,243 |
| Advertising | $13,419 | $5,151 | - | $18,570 |
| Other Employee Benefits | $16,330 | - | $941 | $17,271 |
| Fees for Services Accounting | - | $16,230 | - | $16,230 |
| Payroll Taxes | $8,546 | $4,260 | $1,745 | $14,551 |
| Occupancy | $11,868 | - | - | $11,868 |
| Travel | $610 | $4,671 | $30 | $5,311 |
| All Other Expenses | - | $2,633 | $258 | $2,891 |
| Insurance | $2,230 | - | - | $2,230 |
| Other Expenses | $40 | $80 | $1,308 | $1,428 |
| Depreciation Depletion | $647 | - | - | $647 |
| Fees for Services Legal | - | $525 | - | $525 |
| Total Functional Expenses | $243,426 | $133,826 | $75,501 | $452,753 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Student Business Trust Liabilities | $1,667 |
“Management assist in preparing and then reviews a draft copy of the form 990 prepared by the organization's tax preparer prior to the filing with the irs.”
“Annual reports are made available on the website and income tax returns are made available upon request.”
“Professional fees: program service expenses 16,564. Management and general expenses 17,895. Fundraising expenses 50,594. Total expenses 85,053. Payroll processing: program service expenses 0. Management and general expenses 2,190. Fundraising expenses 0. Total expenses 2,190.”
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/ActivityOrMissionDesc | 0 | THE GRAY MATTER EXPERIENCE INSPIRES, EDUCATES, AND EMPOWERS THE NEXT GENERATION OF BLACK CHANGEMAKERS BY BRIDGING ENTREPRENEURIAL KNOWLEDGE GAP AND DRIVING POSITIVE COMMUNITY CHANGE. |
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| IRS990/Desc | 0 | THE GRAY MATTER EXPERIENCE EMPOWERS YOUNG BLACK PEOPLE, AGES 12-24, TO DISRUPT THE STATUS QUO, MOBILIZE INNOVATIVE IDEAS, AND CHAMPION THEIR COMMUNITIES. FOR THE GRAY MATTER EXPERIENCE, ENTREPRENEURSHIP IS NOT JUST A CAREER. SINCE 2016, THEY'VE SUPPORTED MORE THAN 2,000 YOUNG PEOPLE THROUGH PERSONAL DEVELOPMENT, BUSINESS EDUCATION, AND NURTURING THEIR COMMITMENT TO SOCIAL IMPACT. THEIR PROGRAMS OFFER A NATIONALLY-RECOGNIZED CURRICULUM, DESIGNED BY BLACK LEADERS, THAT CULTIVATES THE ENTREPRENEURIAL MINDSET - AN APPROACH THAT EMBRACES INNOVATION, AUTHENTIC LEADERSHIP, AND A PROACTIVE DRIVE TO SOLVE CHALLENGES ACROSS ALL CAREER PATHS.THE GRAY MATTER EXPERIENCE'S ENGAGING TUITION-FREE PROGRAMS, NATIONAL PARTNERSHIPS, AND COMMUNITY OF ALLIES ENSURE THAT CURIOUS CREATORS AND BUDDING VISIONARIES ARE EQUIPPED WITH ESSENTIAL SKILLS, RELATIONSHIPS, AND RESOURCES TO BECOME AGENTS OF CHANGE AND THRIVE IN A GLOBAL ECONOMY. |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | STUDENT BUSINESS TRUST LIABILITIES |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MANAGEMENT ASSIST IN PREPARING AND THEN REVIEWS A DRAFT COPY OF THE FORM 990 PREPARED BY THE ORGANIZATION'S TAX PREPARER PRIOR TO THE FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ANNUAL REPORTS ARE MADE AVAILABLE ON THE WEBSITE AND INCOME TAX RETURNS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 16,564. MANAGEMENT AND GENERAL EXPENSES 17,895. FUNDRAISING EXPENSES 50,594. TOTAL EXPENSES 85,053. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,190. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,190. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART IX, LINE 11G |
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| IRS990/WebsiteAddressTxt | 0 | WWW.GRAYMATTEREXPERIENCE.COM |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRITNEY ROBBINS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2177212021 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE GRAY MATTER EXPERIENCE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GRAY |
| ReturnHeader/Filer/EIN | 0 | 811936438 |
| ReturnHeader/Filer/PhoneNum | 0 | 2177212021 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60606 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 363998687 |
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Displayed year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.