MINDS MATTER OF BAY AREA INC

EIN: 273077640 501(c)(3)

SAN FRANCISCO, CA

Total Revenue
$1,411,428
Total Expenses
$1,167,610
Total Assets
$2,656,447
Net Assets
$2,598,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
WHITNEY FLORES
Phone
4155793997
Tax Period
2024-07-01 to 2025-06-30

MINDS MATTER OF BAY AREA INC, founded in 2010, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $244K, a strong 17% operating margin.

Mission

MINDS MATTER BAY AREA (MMBAY) IS AN EDUCATION NONPROFIT THAT 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.WE GUIDE DRIVEN YET UNDERSERVED STUDENTS TO GRADUATE FROM THE NATION'S MOST SELECTIVE COLLEGES.

Program Service Accomplishments

Program 1
Expenses: $815,969

SOPHOMORE PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE...

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SOPHOMORE PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE COST OF SUMMER STUDY PROGRAMS FOR STUDENTS WHICH INCLUDED TUITION AND TRAVEL EXPENSES FOR LOW INCOME HIGH SCHOOL SOPHOMORES.JUNIOR PROGRAM: TO PROVIDE EACH MENTEE WITH EDUCATIONAL OPPORTUNITIES AND MENTORING TO PREPARE THEM FOR APPLYING AND GAINING ACCEPTANCE INTO A FOUR-YEAR UNIVERSITY. THE ORGANIZATION FUNDED THE COST OF SUMMER STUDY PROGRAMS FOR STUDENTS WHICH INCLUDED TUITION AND TRAVEL EXPENSES FOR LOW INCOME HIGH SCHOOL JUNIORS.SENIOR PROGRAM IS DEDICATED TO SUPPORTING STUDENTS THROUGH THE COLLEGE APPLICATION PROCESS, WHICH INCLUDES ACADEMIC ELEMENTS OF THE SOPHOMORE AND JUNIOR PROGRAMS AS WELL AS WORKSHOPS ON FINANCIAL AID AND SCHOLARSHIPS.THE ORGANIZATION RECEIVED DONATED SERVICES FROM A VARIETY OF UNPAID VOLUNTEERS TO ASSIST PROGRAMS OR PROVIDE ADMINISTRATIVE ASSISTANCE. THE ESTIMATED HOURS OF SERVICES PROVIDED BY UNPAID VOLUNTEERS FOR THE YEAR ENDED JUNE 30, 2022 TOTALED 40,188 AND THE ESTIMATED VALUE WAS APPROXIMATELY $1,429,000.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,411,428
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,411,428

Expense Breakdown

Grants Paid $180,896
Salaries & Benefits $586,528
Fundraising Expenses $205,009
Program Expenses $815,969
Other Expenses $400,186
TOTAL EXPENSES $1,167,610

Year-over-Year Comparison

2024 2023 Change
Revenue $1,411,428 $1,334,838 +0.1%
Expenses $1,167,610 $857,416 +0.4%
Net Income $243,818 $477,422 -0.5%
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
10
Independent Members
9
Employees
3
Volunteers
240

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
$219,963
Total Directors
10
$219,963
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX VANDER LINDE CO-CHAIR 2.50
Officer Director
$0 $0 $0
EDWARD WEXLER-BERON CO-CHAIR 2.50
Officer Director
$0 $0 $0
IRENE SHIH CEO 40.00
Officer Director
$210,000 $9,963 $219,963
TAYLOR BOLLMAN DIRECTOR 2.50
Director
$0 $0 $0
JEFF BRUMMETT DIRECTOR 2.50
Director
$0 $0 $0
EDITH CHAO DIRECTOR 2.50
Director
$0 $0 $0
TODD JOHNSON DIRECTOR 2.50
Director
$0 $0 $0
ALICE LIU DIRECTOR 2.50
Director
$0 $0 $0
AKASH PRADHAN DIRECTOR 2.50
Director
$0 $0 $0
MAX BULGER DIRECTOR 2.50
Director
$0 $0 $0
RYAN BUCHANAN CO-CFO 2.50
Officer
$0 $0 $0
AUSTIN DOWNUM CO-CFO 2.50
Officer
$0 $0 $0
JENIECE HOWE CPO 40.00
Highest
$125,000 $7,777 $132,777
NIHARIKA RAY COO 40.00
Highest
$150,000 $0 $150,000
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 $1,411,428 $1,167,610 $2,656,447 $243,818
2024 No data No data No data No data
2023 $1,171,108 $675,516 $1,877,477 $495,592
2022 $982,539 $531,688 $1,558,245 $450,851
2021 $813,623 $356,616 $1,104,271 $457,007
2020 $541,974 $298,721 $656,676 $243,253
2019 $236,810 $382,296 $391,494 $-145,486
2018 $351,220 $296,503 $554,381 $54,717
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