Overview
What is Minds Matter Colorado Inc?
Minds Matter Colorado Inc is a dedicated nonprofit organization situated in Denver, Colorado. With a modest workforce of five individuals, their mission is to significantly impact the lives of high-achieving yet economically disadvantaged high school students. They accomplish this by providing them with opportunities for college and university summer programs, funded directly by the organization. Moreover, Minds Matter Colorado Inc offers training and counseling to help these students navigate the application process for college admission and financial aid. Their primary goal is to expand the horizons of these students, preparing them for academic success beyond high school.
Official website here: www.mindsmatterco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Minds Matter Colorado Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance overall, particularly in accountability and finance. The charity has an impressive Accountability & Finance score of 87, reflecting strong financial health and governance practices, including a majority of independent board members and thorough financial policies.
However, the charity's Impact & Measurement score is lower at 67, suggesting room for improvement in demonstrating the effectiveness of its programs. The program expense ratio of 62.43% indicates that a significant portion of its budget is directed towards its mission-related activities, although transparency could be enhanced, as evidenced by the missing tax form on its website.
Despite these limitations, the organization exhibits strengths in leadership and adaptability, scoring a perfect 100 in that category. This suggests that Minds Matter Colorado Inc is well-positioned to use program insights for future planning and funding strategies, which may help address some of the areas needing improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Minds Matter Colorado Inc legitimate?
Minds Matter Colorado Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minds Matter Colorado 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: $131,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $309,636
For more financial information, click here
Official website here: www.mindsmatterco.org
What is the mission statement of Minds Matter Colorado Inc?
Minds Matter Colorado Inc's mission is centered around positively impacting the lives of high-achieving high school students from financially disadvantaged backgrounds. The organization strives to broaden their horizons and equip them with the necessary skills and resources to thrive in higher education and beyond. This is achieved through funding college programs, directly paying for tuition, and offering guidance and counseling in college application processes. By doing so, Minds Matter Colorado Inc aims to empower these students to realize their full potential and secure a successful future.
Official website here: www.mindsmatterco.org
Who is the CEO of Minds Matter Colorado Inc?
Kate Brenan is the CEO of Minds Matter Colorado Inc The CEO's salary of Minds Matter Colorado Inc is $129,350 and their total compensation is $147,191.
Official website here: www.mindsmatterco.org
What is the revenue of Minds Matter Colorado Inc?
Minds Matter Colorado Inc's revenue in 2024 was $1,306,179.
Official website here: www.mindsmatterco.org
Who are the executives of Minds Matter Colorado Inc and what are their salaries?
The average compensation at Minds Matter Colorado Inc during 2024 was $73,538. There are 6 employees and 102 volunteers at Minds Matter Colorado Inc.
Here are 11 key members and their salaries (Minds Matter Colorado Inc's CEO's salary is $129,350 and their total compensation is $147,191):
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- Compensation: $129,350
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- Other: $17,841
Official website here: www.mindsmatterco.org
Where can I find the form 990 for Minds Matter Colorado Inc?
Minds Matter Colorado Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mindsmatterco.org
Learn more at the official website: www.mindsmatterco.org
Mission Statement of Minds Matter Colorado Inc
Minds Matter Colorado Inc is an organization dedicated to making a significant impact in the lives of high school students from low-income families. Their mission, in essence, is to expand the horizons of these accomplished students, inspiring them to dream beyond their current circumstances and equipping them with the necessary tools for success in higher education and beyond.
Through their transformative efforts, Minds Matter Colorado Inc aims to prepare these students for the rigors of college and the world beyond. They achieve this by providing funding for summer programs at colleges and universities, as well as offering training and counseling in the application process for college admission and securing college tuition. This comprehensive approach enables these students to not only gain academic experience but also to navigate the complex process of securing higher education.
In essence, Minds Matter Colorado Inc is a beacon of hope for these high school students, providing them with the opportunity to broaden their horizons and break the cycle of poverty. By equipping them with the skills and resources needed to succeed in college, the organization is setting them on a path towards a brighter future, one that was previously out of reach due to their economic circumstances.
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Impact
August, 2024
Minds Matter Colorado Inc is transforming the lives of accomplished high school students from low-income families by broadening their dreams and preparing them for success in college and beyond. They funded college and university summer programs for 59 low-income students and provided training and counseling for 25 senior high school students in applying for college admission and seeking tuition assistance. Their impact is significant in Denver, CO, where they are empowering youth to reach their full potential and break the cycle of poverty through education.
This information is meant to be a general summary of Minds Matter Colorado 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 2024.
- Investment Income: $12,279
- Gross Receipts: $1,429,085
Assets and Liabilities:
- Total Assets: $1,311,774
- Total Liabilities: $295,995
- Net Assets: $1,015,779
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Organization Details
Founding Year
2004
Principal Officer
Anata Walsh
Website
www.mindsmatterco.orgNTEE Category
Code: O50 - Youth development
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