MINDS MATTER NATIONAL INC

EIN: 133688434 501(c)(3) Youth Development

NEW YORK, NY

Total Revenue
$1,348,573
Total Expenses
$1,441,874
Total Assets
$1,941,119
Net Assets
$1,908,980
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
ERIKA HALSTEAD
Phone
2126266534
Tax Period
2024-07-01 to 2025-06-30

MINDS MATTER NATIONAL INC, founded in 1991, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

MINDS MATTER CONNECTS DRIVEN AND DETERMINED STUDENTS FROM LOW-INCOME FAMILIES WITH THE PEOPLE, PREPARATION AND POSSIBILITIES TO SUCCEED IN COLLEGE, CREATE THEIR FUTURE, AND CHANGE THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $672,711 Revenue: $233,839

ACROSS THE 14 MINDS MATTER CHAPTERS, THE ORGANIZATION SUPPORTED MORE THAN 1,100 STUDENTS WITH THE DEDICATION OF 2,000 VOLUNTEERS. MINDS MATTER'S MOST SIGNIFICANT ACTIVITIES ARE FOCUSED ACROSS THREE...

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ACROSS THE 14 MINDS MATTER CHAPTERS, THE ORGANIZATION SUPPORTED MORE THAN 1,100 STUDENTS WITH THE DEDICATION OF 2,000 VOLUNTEERS. MINDS MATTER'S MOST SIGNIFICANT ACTIVITIES ARE FOCUSED ACROSS THREE KEY DOMAINS - STANDARDIZING CORE PROGRAMMING, FOSTERING CHAPTER GROWTH, AND SUSTAINING NATIONAL LEADERSHIP. WITHIN CORE PROGRAMMING, THE ORGANIZATION CO-CREATED A STANDARD 10TH GRADE MENTORING CURRICULUM, SET STANDARD KPIS FOR ALL CHAPTERS, AND ESTABLISHED A SET OF SOCIAL-EMOTIONAL LEARNING APTITUDES UNIQUE TO MINDS MATTER. ADDITIONALLY, WE FOSTERED CHAPTER GROWTH BY COACHING FOUR VOLUNTEER-LED CHAPTERS TOWARDS HIRING THEIR FIRST ED, HOSTED GOVERNANCE TRAININGS FOR BOARD MEMBERS AND BOARD CHAIRS, AND CREATED A NEW PROGRAM FIDELITY AGREEMENT. (CONTINUTED ON SCHEDULE O)MINDS MATTER FOCUSED ON INVESTING IN NATIONAL LEADERSHIP BY HIRING THE ORGANIZATION'S FIRST CHIEF PROGRAM OFFICER AND IMPROVING NETWORK OPERATIONS AND INFRASTRUCTURE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,027,939
Program Service Revenue $233,839
Investment Income $86,795
Other Revenue $0
TOTAL REVENUE $1,348,573

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $875,477
Fundraising Expenses $211,573
Program Expenses $672,711
Other Expenses $416,397
TOTAL EXPENSES $1,441,874

Year-over-Year Comparison

2024 2023 Change
Revenue $1,348,573 $906,147 +0.5%
Expenses $1,441,874 $1,013,525 +0.4%
Net Income $-93,301 $-107,378 -0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
6
Volunteers
2000

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$233,520
Total Directors
17
$233,520
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT ASHTON CHAIR 2.00
Officer Director
$0 $0 $0
FRANCISCO PARET VICE CHAIR 2.00
Officer Director
$0 $0 $0
DEB MCGINN TREASURER 5.00
Officer Director
$0 $0 $0
ADAKU NWACHUKWU SECRETARY 2.00
Officer Director
$0 $0 $0
MICHAEL RECHT DIRECTOR 1.00
Director
$0 $0 $0
PETER AGNES DIRECTOR 1.00
Director
$0 $0 $0
ELVIS RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
MELANIE GIRTON DIRECTOR 1.00
Director
$0 $0 $0
AVI FERNANDES DIRECTOR 1.00
Director
$0 $0 $0
JEAN HUANG DIRECTOR 1.00
Director
$0 $0 $0
RAM VITTAL DIRECTOR 1.00
Director
$0 $0 $0
LORA DENNIS DIRECTOR (JOINED 10/24) 1.00
Director
$0 $0 $0
MINHAJ PATEL DIRECTOR 1.00
Director
$0 $0 $0
BOB ALIG DIRECTOR (LEFT 6/30/25) 1.00
Director
$0 $0 $0
PHIL TAYLOR DIRECTOR (LEFT 12/24) 1.00
Director
$0 $0 $0
ASHISH SHAH DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN ERIKA HALSTEAD EXECUTIVE DIRECTOR 40.00
Officer Director
$215,322 $18,198 $233,520
COLIN DELANEY CHIEF DEVELOPMENT OFFICER 40.00
Highest
$149,353 $22,032 $171,385
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,348,573 $1,441,874 $1,941,119 $-93,301
2024 $906,147 $1,013,525 $2,028,589 $-107,378
2023 $1,731,761 $780,077 $2,170,913 $951,684
2022 $889,668 $497,435 $1,182,634 $392,233
2021 $731,854 $334,660 $791,646 $397,194
2020 $448,160 $326,246 $424,768 $121,914
2019 $482,889 $354,884 $275,283 $128,005
2018 $581,565 $590,803 $138,341 $-9,238
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