Civic Intelligence

Great Minds in STEM

990 • Fiscal year 2019 • EIN 95-4577359

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 07, 2020

5211 E Washington Blvd No 2-320Los Angeles, CA 90040

(323) 262-0997

Siviq Scores

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

Liabilities / Assets

78th percentile

0.40x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.37x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

78th percentile

$125,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

14th percentile

-8.2%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,479,056

Down $311,412 (-8.2%) from 2018

Net Assets

Down

$2,070,537

Down $438,237 (-17%) from 2018

Liabilities

Up

$1,408,519

Up $126,825 (+9.9%) from 2018

Revenue

Down

$3,835,392

Down $3,049,139 (-44%) from 2018

Expenses

Down

$4,273,629

Down $172,098 (-3.9%) from 2018

Net Income

Down

-$438,237

Down $2,877,041 (-118%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $701,369Liabilities 2010: $1,364,682Net Assets 2010: -$663,3132010Assets 2011: $598,316Liabilities 2011: $1,195,886Net Assets 2011: -$597,5702011Assets 2012: $785,404Liabilities 2012: $1,325,694Net Assets 2012: -$540,2902012Assets 2013: $939,660Liabilities 2013: $1,318,897Net Assets 2013: -$379,2372013Assets 2014: $1,203,736Liabilities 2014: $1,190,734Net Assets 2014: $13,0022014Assets 2015: $1,481,040Liabilities 2015: $1,464,621Net Assets 2015: $16,4192015Assets 2016: $1,640,322Liabilities 2016: $1,419,935Net Assets 2016: $220,3872016Assets 2017: $1,381,314Liabilities 2017: $1,311,344Net Assets 2017: $69,9702017Assets 2018: $3,790,468Liabilities 2018: $1,281,694Net Assets 2018: $2,508,7742018Assets 2019: $3,479,056Liabilities 2019: $1,408,519Net Assets 2019: $2,070,5372019Assets 2020: $3,296,326Liabilities 2020: $1,151,921Net Assets 2020: $2,144,4052020Assets 2021: $3,658,406Liabilities 2021: $817,595Net Assets 2021: $2,840,8112021Assets 2022: $3,284,403Liabilities 2022: $1,169,593Net Assets 2022: $2,114,8102022Assets 2023: $2,453,901Liabilities 2023: $782,062Net Assets 2023: $1,671,8392023Assets 2024: $1,329,987Liabilities 2024: $448,041Net Assets 2024: $881,9462024

Highlighted filing

2019

Assets$3,479,056
Liabilities$1,408,519
Net Assets$2,070,537

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $3,378,817Expenses 2010: $4,007,295Net Income 2010: -$628,4782010Revenue 2011: $3,937,636Expenses 2011: $3,871,893Net Income 2011: $65,7432011Expenses 2012: $4,003,2812012Revenue 2013: $4,075,086Expenses 2013: $3,914,033Net Income 2013: $161,0532013Revenue 2014: $4,706,816Expenses 2014: $4,314,577Net Income 2014: $392,2392014Revenue 2015: $4,277,114Expenses 2015: $4,273,697Net Income 2015: $3,4172015Revenue 2016: $4,420,410Expenses 2016: $4,216,442Net Income 2016: $203,9682016Revenue 2017: $3,549,789Expenses 2017: $3,700,206Net Income 2017: -$150,4172017Revenue 2018: $6,884,531Expenses 2018: $4,445,727Net Income 2018: $2,438,8042018Revenue 2019: $3,835,392Expenses 2019: $4,273,629Net Income 2019: -$438,2372019Revenue 2020: $2,200,795Expenses 2020: $2,126,928Net Income 2020: $73,8672020Revenue 2021: $2,728,420Expenses 2021: $2,032,014Net Income 2021: $696,4062021Revenue 2022: $2,512,291Expenses 2022: $3,238,292Net Income 2022: -$726,0012022Revenue 2023: $2,555,249Expenses 2023: $2,998,220Net Income 2023: -$442,9712023Revenue 2024: $2,214,869Expenses 2024: $3,004,762Net Income 2024: -$789,8932024

Highlighted filing

2019

Revenue$3,835,392
Expenses$4,273,629
Net Income-$438,237
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 7, 2020
Return Version
2019v5.1
Gross Receipts
$3,835,550
Mission and Program Overview

Mission

- to inspire and motivate underserved students to pursue careers in science, technology, engineering and math (stem)- to enlighten and engage families, educators, communities and employers to assist underserved students pursuing stem careers- to inspire our nation through recognition of the achievements of hispanics and other role models in stem- to enable and leverage hispanic stem talent to play a leadership role- to collaborate and cooperate nationally within the stem community

Be a national leader in keeping america technologically strong by promoting science, technology, engineering and math careers especially in underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,802,263$2,682,586▼ $119,677
Accounts Receivable$520,016$515,732▼ $4,284
Cash and Non-Interest-Bearing Accounts$97,932$100,195▲ $2,263
Intangible Assets$161,003$98,316▼ $62,687
Land, Buildings, and Equipment, Net$71,426$69,277▼ $2,149
Loans From Officers Directors$52,500$42,500▼ $10,000
Prepaid Expenses and Deferred Charges$125,973$3,250▼ $122,723
Total Assets$3,790,468$3,479,056▼ $311,412
Other Assets Total$11,855$9,700▼ $2,155
Liabilities
Accounts Payable and Accrued Expenses$825,046$660,367▼ $164,679
Deferred Revenue$123,150$467,600▲ $344,450
Other Liabilities$280,998$238,052▼ $42,946
Total Liabilities$1,281,694$1,408,519▲ $126,825
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,167,438$3,133,160▼ $34,278
Net Assets Without Donor Restrictions$-658,664$-1,062,623▼ $403,959
Total Net Assets Fund Balance$2,508,774$2,070,537▼ $438,237
Total Liabilities and Net Assets / Fund Balance$3,790,468$3,479,056▼ $311,412

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$54,974$30,540$85,514
Other Land Buildings$14,303$54,115$68,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anna M Park JdCEO/board MemberFT$125,000$125,000

Board Members and Trustees

NameTitle
Juan Rivera PhdChair
Raymond MelladoChair Emeritus
Rudy Montiel PeVice-chair
Alejandro M LopezBoard Member
H Keith Moo-young Phd PeBoard Member
Ivan DiazBoard Member
Leo BrooksBoard Member
Maria E RuessBoard Member
Patt Romero CroninBoard Member
Rainia WashingtonBoard Member
Tony OrtegaBoard Member
Tony PadillaBoard Member
Geraldine Mcgrath EsqSecretary
Robin EvittsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,151,048
Program Service Revenue
$2,471,898
Investment Income
$8,623
Other Revenue
$203,823
All Other Contributions
$776,410
Change in Net Assets
$-438,237

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 Table8$381,883Comparable Costs
Other Non Cash Contri Table1$15,000Comparable Costs
Other Non Cash Contri Table2$2,191Comparable Costs
Total Noncash Contributions11$399,074-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,835,392
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,835,392
Total Revenue per Form 990
$3,835,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,102,594
Salaries, Compensation, and Employee Benefits$768,114
Grants and Similar Amounts Paid$402,921
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$431,607$121,996-$553,603
Travel$431,066$76,071-$507,137
Grants to Domestic Individuals$402,921--$402,921
Advertising$346,540--$346,540
All Other Expenses$172,964$31,764-$204,728
Current Officers, Directors, Trustees, and Key Employees$97,500$27,500-$125,000
Occupancy$82,746$20,686-$103,432
Depreciation Depletion$70,860$12,505-$83,365
Other Expenses$61,750$15,438-$77,188
Payroll Taxes$42,516$12,013-$54,529
Other Employee Benefits$27,275$7,707-$34,982
Office Expenses$19,175$4,634-$23,809
Interest-$21,907-$21,907
Insurance$14,396$3,599-$17,995
Fees for Services Other$2,051$6,483-$8,534
Conferences and Meetings$275--$275
Fees for Services Legal-$-200-$-200
Total Functional Expenses$3,802,135$471,494$0$4,273,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,273,629
Total Expenses per Audited Statements$4,273,629
Total Expenses per Form 990$4,273,629
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Peter Mellado - Owner of Mellcom ISon of the Chairman of the Board and Brother of CEOMellcom, Inc., Is the Publisher of Technica Magazine, the Official Publication of the Organization. Through This Relationship With Mellcom, Inc., the Organization Has a Direct Link to High Quality Art Directors, Graphic Artists, Journalists, Editors, Photographers and Award Show Producers.No$81,332

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$52,500$42,500▼ $10,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit - Citibank$224,252
Note Payable - Related Party$13,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
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, Section A, Line 2

Anna m. Park, j.d. The chief executive officer is the daughter of raymond mellado, the board chair.

Form 990, Part VI, Section B, Line 11B

The form 990 goes through two review processes, once by the audit committee then by the governing body. At the governing body meeting the board votes to approve as final.

Form 990, Part VI, Section B, Line 15

Compensation is reviewed annually by the board through comparing like-kind non-profit organizations and refering to the "compensation in non-profit organizations in california" manual and the guidestar national compensation report as well.

Form 990, Part VI, Section C, Line 19

The information is made available on an independent third party website available to the public.

Filing and Contact Details

Filer

Filer Name
Great Minds in Stem
EIN
95-4577359
Phone
3232620997
Address
5211 E WASHINGTON BLVD NO 2-320, LOS ANGELES, CA 90040

Signing Officer

Name
Anna M Park Jd
Title
CEO
Phone
3232620997
Signed
2020-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna M Park Jd
Formed
1996
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
12
Volunteers
2,250

Preparer

Firm
Keller and Associates Llp
Address
18645 SHERMAN WAY SUITE 110, RESEDA, CA 91335
Preparer
David Keller
Phone
8183833079
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IRS990/MissionDesc0- TO INSPIRE AND MOTIVATE UNDERSERVED STUDENTS TO PURSUE CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM)- TO ENLIGHTEN AND ENGAGE FAMILIES, EDUCATORS, COMMUNITIES AND EMPLOYERS TO ASSIST UNDERSERVED STUDENTS PURSUING STEM CAREERS- TO INSPIRE OUR NATION THROUGH RECOGNITION OF THE ACHIEVEMENTS OF HISPANICS AND OTHER ROLE MODELS IN STEM- TO ENABLE AND LEVERAGE HISPANIC STEM TALENT TO PLAY A LEADERSHIP ROLE- TO COLLABORATE AND COOPERATE NATIONALLY WITHIN THE STEM COMMUNITY
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IRS990/ProgSrvcAccomActy2Grp/Desc0VIVA TECHNOLOGY! A K-12 NATIONAL SCIENCE, TECHNOLOGY, MATH AND ENGINEERING AWARENESS PROGRAM OFFERED AT SCHOOLS ACROSS THE NATION FOR TEACHERS, PARENTS AND STUDENTS IN A VARIETY OF PROGRAM FORMATS. THE PROGRAM FEATURES HANDS-ON ACTIVITIES FOR STUDENTS WITH ENGINGEERS AND SCIENTISTS AS GUEST SPEAKERS; WORKSHOPS AND EDUCATIONAL TOOLS FOR TEACHERS; AND INFORMATIVE WORKSHOPS FOR PARENTS TO LEARN ABOUT CAREERS IN ENGINEERING AND SCIENCE, THE ACADEMIC PREPARATION REQUIRED FOR COLLEGE ENTRANCE IN THESE FIELDS OF STUDY AND GUIDES TO COLLEGES, UNIVERSITIES AND SCHOLARSHIP PROGRAMS. A MASTER CALENDAR OF VIVA TECHNOLOGY EVENTS AND SPONSORS IS ON THE WEBSITE WHICH HAS STREAMING VIDEO OF RECOGNITION EVENTS, HALL OF FAME INDUCTEES, ANNOUNCEMENTS, MASTER CALENDAR OF EVENTS, SCHOLARSHIP INFORMATION AND APPLICATIONS, HENAAC CONFERENCE INFORMATION AND REGISTRATION, AS WELL AS VIVA TECHNOLOGY PROGRAM, STEM-UP, EVENT AND COMMUNITY INFORMATION.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0383539
IRS990/ProgSrvcAccomActy3Grp/Desc0ON DECEMBER 5, 2014, THE ORGANIZATION ACQUIRED MENTORNET, WHICH HASBECOME THE MENTORNET PROGRAM. THE OBJECTIVES OF THE MENTORNET PROGRAMIS TO PROVIDE TO ALL SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS(STEM) STUDENTS IN THE UNITED STATES WITH ACCESS TO EFFECTIVEMENTORSHIPS IN A VIBRANT COMMUNITY COMMITTED TO STUDENT SUCCESS; TODEVELOP A SCALABLE MENTORING PLATFORM THAT COMBINES THE TECHNOLOGY OFSOCIAL NETWORKS WITH THE SOCIAL SCIENCE OF MENTORING; AND TO DELIVEREVIDENCE-BASED PROGRAMS THAT ADDRESS THE CRITICAL ISSUES IMPACTING STEMSTUDENT SUCCESS. THESE OBJECTIVES ARE ACCOMPLISHED THROUGH A SCALABLEPLATFORM FOR MENTORING WHICH COMBINES THE TECHNOLOGY OF SOCIAL NETWORKSWITH THE SOCIAL SCIENCE OF MENTORING. THIS PLATFORM ALLOWS FOR THEFOLLOWING: 1.STRATEGICALLY MATCHING STEM STUDENTS AND PROFESSIONALS IN COMPATIBLE MENTORING RELATIONSHIPS; 2. DELIVER EVIDENCE-BASED PROGRAMSTHAT ADDRESS THE ISSUES IMPACTING RETENTION AND SUCCESS IN STEM FIELDS;AND 3. THE ABILITY TO CONDUCT CONTROLLED STUDIES AND EVALUATION TOIDENTIFY AND VERIFY FACTORS THAT IMPACT STUDENT SUCCESS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0123628
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0191770
IRS990/ProgSrvcAccomActyOtherGrp/Desc0U.S. ARMY CCDC HBCU/MI DESIGN COMPETITION - THE COMPETITION WAS THE INAUGURAL COMPETITION YEAR FOR 11 UNDERGRADUATE STEM STUDENT TEAMS FROM HISTORICALLY BLACK COLLEGES AND UNIVERSITIES AND OTHER MINORITY SERVING INSTITUTIONS TO DEVELOP SOLUTIONS TO REAL-WORLD TECHNICAL CHALLENGES FACED BY U.S. ARM RESEARCHERS IN THE AREA OF UNMANNED AERIAL VEHICLES, ALSO KNOWN AS DRONES. THE 2019 COMPETITION TOOK PLACE AT THE UNIVERSITY OF TEXAS AT EL PASO SUN BOWL STADIUM AND THERE WERE 4 WINNING TEAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0233980
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.45$0.88$2.21$3.00$0.79
2023Detailed filing. Detailed filing data is available for this year.$2.45$0.78$1.67$2.56$3.00$0.44
2022Detailed filing. Detailed filing data is available for this year.$3.28$1.17$2.11$2.51$3.24$0.73
2021Detailed filing. Detailed filing data is available for this year.$3.66$0.82$2.84$2.73$2.03$0.70
2020Detailed filing. Detailed filing data is available for this year.$3.30$1.15$2.14$2.20$2.13$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.48$1.41$2.07$3.84$4.27$0.44
2018Detailed filing. Detailed filing data is available for this year.$3.79$1.28$2.51$6.88$4.45$2.44
2017Detailed filing. Detailed filing data is available for this year.$1.38$1.31$0.07$3.55$3.70$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.64$1.42$0.22$4.42$4.22$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.48$1.46$0.02$4.28$4.27$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.20$1.19$0.01$4.71$4.31$0.39
2013Detailed filing. Detailed filing data is available for this year.$0.94$1.32$0.38$4.08$3.91$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$1.33$0.54$4.00
2011Summary only. Only limited summary data is available for this year.$0.60$1.20$0.60$3.94$3.87$0.07
2010Summary only. Only limited summary data is available for this year.$0.70$1.36$0.66$3.38$4.01$0.63