Overview
What is Minds Matter Of Bay Area Inc?
Minds Matter of Bay Area Inc. is a nonprofit organization situated in San Francisco, California. Their primary mission is to empower low-income high school students by offering educational opportunities and mentoring. This enables them to apply and secure acceptance into prestigious four-year universities. The organization's programs span across three stages: sophomore, junior, and senior. They fund summer study programs, covering tuition and travel expenses for the students. Moreover, they receive substantial support from volunteers who contribute a substantial amount of unpaid time and services, totaling around 40,188 hours annually, worth approximately $1.4 million. The nonprofit's ultimate goal is to help these students graduate from top-tier colleges, paving the way for their future success and the betterment of society.
Official website here: www.mindsmatterbay.org
Is Minds Matter Of Bay Area Inc legitimate?
Minds Matter Of Bay Area Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minds Matter Of Bay Area 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: $198,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,792
For more financial information, click here
Official website here: www.mindsmatterbay.org
What is the mission statement of Minds Matter Of Bay Area Inc?
Minds Matter Bay Area, an education nonprofit, is committed to supporting driven and underprivileged students from low-income families. The organization's mission is to equip these students with the necessary resources and mentorship, enabling them to apply and secure admission into prestigious four-year universities. The sophomore and junior programs provide educational opportunities and funding for summer study programs, including tuition and travel expenses. The senior program aids students in navigating the college application process, offering workshops on financial aid and scholarships. Unpaid volunteers contribute significantly to the organization, offering their services and expertise to assist programs and provide administrative assistance.
Official website here: www.mindsmatterbay.org
Who is the CEO of Minds Matter Of Bay Area Inc?
Irene Shih is the CEO of Minds Matter Of Bay Area Inc The CEO's salary of Minds Matter Of Bay Area Inc is $177,500 and their total compensation is $177,500.
Official website here: www.mindsmatterbay.org
What is the revenue of Minds Matter Of Bay Area Inc?
Minds Matter Of Bay Area Inc's revenue in 2023 was $1,171,108.
Official website here: www.mindsmatterbay.org
Who are the executives of Minds Matter Of Bay Area Inc and what are their salaries?
The average compensation at Minds Matter Of Bay Area Inc during 2023 was $161,596. There are 2 employees and 203 volunteers at Minds Matter Of Bay Area Inc.
Here are 12 key members and their salaries (Minds Matter Of Bay Area Inc's CEO's salary is $177,500 and their total compensation is $177,500):
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- Compensation: $177,500
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- Compensation: $114,920
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Official website here: www.mindsmatterbay.org
Where can I find the form 990 for Minds Matter Of Bay Area Inc?
Minds Matter Of Bay Area Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mindsmatterbay.org
Learn more at the official website: www.mindsmatterbay.org
Mission Statement of Minds Matter Of Bay Area Inc
Minds Matter Bay Area (MMBay) is a dedicated education nonprofit organization that aims to empower underserved students from low-income families. Their mission is to connect these driven and determined individuals with the necessary resources, mentors, and opportunities to excel in their academic pursuits and eventually graduate from some of the most prestigious universities in the nation. By providing educational support and guidance, MMBay helps these students unlock their potential, shape their future, and contribute positively to society at large.
MMBay operates a series of programs aimed at preparing students for higher education. The organization's sophomore program provides mentoring and educational opportunities to help low-income high school sophomores prepare for college applications and gain acceptance into four-year universities. This program covers the costs of summer study programs, including tuition and travel expenses. The junior program serves a similar purpose, supporting low-income high school juniors in their college application process. MMBay's senior program extends its support to students throughout the college application process, including financial aid and scholarship workshops.
In addition to these programs, MMBay leverages the time and expertise of unpaid volunteers to assist with program delivery and administrative tasks. The organization's volunteers contributed an estimated 40,188 hours of service in 2022, with an estimated value of approximately $1,429,000. This volunteer support is instrumental in helping MMBay achieve its mission of guiding underserved students to success in higher education and beyond.
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Impact
October, 2024
Minds Matter of Bay Area Inc. plays a crucial role in transforming the lives of driven yet underserved students in the Bay Area by providing them with the resources and support they need to succeed in higher education. The organization focuses on high school sophomores, juniors, and seniors, offering tailored programs that equip students with the necessary skills, mentorship, and opportunities for college success.
Through its structured sophomore and junior programs, Minds Matter funds essential summer study opportunities, covering tuition and travel expenses, which enable low-income high school students to broaden their academic horizons. These experiences not only enrich their education but also enhance their college applications.
In the senior year, the organization guides students through the intricate college application process, offering workshops on financial aid, scholarships, and other critical elements that facilitate access to selective universities. This comprehensive support addresses the unique challenges faced by students from low-income families, ensuring they have the preparation needed to apply and gain acceptance into prestigious colleges.
The significant contributions of volunteers amplify the impact of Minds Matter, with thousands of hours of donated services translating into invaluable assistance for the organization. This community involvement becomes a cornerstone of the support system that empowers students to realize their potential and achieve their academic aspirations.
Ultimately, Minds Matter of Bay Area Inc. not only helps students navigate the path to college but also fosters a sense of possibility and aspiration, nurturing the next generation of leaders who can change their communities and the world.
This information is meant to be a general summary of Minds Matter Of Bay Area 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 2023.
- Gross Receipts: $1,171,108
Assets and Liabilities:
- Total Assets: $1,558,245
- Total Liabilities: $26,715
- Net Assets: $1,531,530
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Organization Details
Founding Year
2010
Principal Officer
Irene Shih
Website
www.mindsmatterbay.orgNTEE Category
Code: B80 - Education
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