Overview
What is Minds Matter National Inc?
Minds Matter National Inc is a nonprofit organization situated in New York City, specifically at 1120 Avenue of the Americas, with a focus on supporting students from low-income families. This organization has established a network of 14 chapters nationwide through affiliation or licensing agreements. With the help of over 2,000 volunteers and a minimal paid staff, it offers various services to bolster the chapters' operations, primarily in programming, marketing, fundraising, legal, IT, metrics, and financial management. The mission of Minds Matter is to connect ambitious and determined students from underprivileged backgrounds with the necessary resources, mentorship, and opportunities to excel in college, shape their futures, and make a significant impact in the world.
Official website here: www.mindsmatter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 74%)
Minds Matter National Inc has received a Two-Star rating from Charity Navigator, indicating that while its accountability and financial practices are commendable, there are significant areas needing improvement. The organization boasts a fully independent board, with 100% of members being independent and a robust audit and oversight committee, reflecting strong governance practices.
However, the charity's program expense ratio is notably low at 52.20%, suggesting that only a little over half of its expenditures are directed towards its programs. This raises concerns about the effectiveness of its resource allocation. Despite the positives in governance and financial oversight, the organization's performance in delivering its mission could benefit from enhanced focus on maximizing program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Minds Matter National Inc legitimate?
Minds Matter National Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minds Matter National Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $122,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,922
For more financial information, click here
Official website here: www.mindsmatter.org
What is the mission statement of Minds Matter National Inc?
Minds Matter National Inc's mission is centered around empowering students from low-income families. By connecting them with resources, mentors, and opportunities, the organization aims to help these driven and determined individuals succeed in college and build a future that allows them to make a meaningful impact on the world. Minds Matter National Inc operates through fourteen independently incorporated chapters across the country, with the support of over 2,000 volunteers and a few paid staff. The national organization provides various services to support these chapters, including resources for program marketing, fundraising, legal matters, information technology, data management, and financial management.
Official website here: www.mindsmatter.org
Who is the CEO of Minds Matter National Inc?
Ashish Shah is the Co-Chair of Minds Matter National Inc.
Official website here: www.mindsmatter.org
What is the revenue of Minds Matter National Inc?
Minds Matter National Inc's revenue in 2022 was $889,668.
Official website here: www.mindsmatter.org
Who are the executives of Minds Matter National Inc and what are their salaries?
The average compensation at Minds Matter National Inc during 2022 was $121,263. There are 2 employees and 2600 volunteers at Minds Matter National Inc.
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Official website here: www.mindsmatter.org
Where can I find the form 990 for Minds Matter National Inc?
Minds Matter National Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mindsmatter.org
Learn more at the official website: www.mindsmatter.org
Mission Statement of Minds Matter National Inc
Minds Matter National Inc, a renowned organization, is committed to connecting ambitious and determined students from low-income families with the necessary resources and opportunities to excel in higher education, shape their future, and make a significant impact in the world. Their mission is centered around providing access to individuals who demonstrate dedication and potential, yet may be financially constrained, connecting them with a network of mentors, educational support, and prospects for success. By doing so, Minds Matter National Inc aims to empower these students, enabling them to pursue college education, build a fulfilling future, and contribute positively to society at large.
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Impact
October, 2024
Minds Matter National Inc significantly impacts the lives of driven and determined students from low-income families by providing essential resources and support that facilitate their journey toward higher education and personal growth. The organization directly connects these students with mentors, college preparation programs, and a network of opportunities that empower them to envision and realize their futures.
Through its network of fourteen chapters nationwide, Minds Matter fosters a supportive community where students can thrive. With the help of over 2,000 dedicated volunteers, these chapters offer personalized guidance, academic tutoring, and college readiness workshops designed to navigate the complexities of the education system. This hands-on approach not only prepares students for college but also encourages them to cultivate skills that will serve them throughout their lives.
Furthermore, Minds Matter plays a critical role in leveling the playing field by addressing systemic barriers faced by low-income families. By equipping students with the necessary tools and support, the organization helps them overcome these challenges, paving the way for a more equitable society. The emphasis on college success not only transforms individual lives but also fosters positive change in communities, as these students are empowered to create a better future for themselves and those around them.
This information is meant to be a general summary of Minds Matter National Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $233
- Program Service Revenue: $175,800
- Gross Receipts: $889,668
Assets and Liabilities:
- Total Assets: $1,182,634
- Total Liabilities: $24,659
- Net Assets: $1,157,975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
License Fees
Revenue
$175,800
Organization Details
Founding Year
1991
Phone
(212) 626-6584Principal Officer
Ashish Shah
Main Address
1120 Avenue of the Americas 4th Fl, New York, NY, 10036
Website
www.mindsmatter.orgNTEE Category
Code: O50 - Youth development
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