MOTIVATE OUR MINDS INC

EIN: 351734264 501(c)(3) Education

MUNCIE, IN

Total Revenue
$551,751
Total Expenses
$396,774
Total Assets
$1,056,636
Net Assets
$1,037,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IN
Principal Officer
BETH QUARLES
Phone
7652891990
Tax Period
2023-01-01 to 2023-12-31

MOTIVATE OUR MINDS INC, founded in 1987, is a small nonprofit in the Education sector that reported $552K in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 28% operating margin.

Mission

EDUCATING CHILDREN AND FAMILIES TO GROW AND FLOURISH.

Program Service Accomplishments

Program 1
Expenses: $222,511 Revenue: $10,343

WITH EXPECTATIONS AS OUR FOUNDATION, THE MOTIVATE OUR MINDS PROGRAM PROVIDES STUDENTS WITH THE PREMIER EDUCATION ENRICHMENT PROGRAM THAT COMBINES ADAPTIVE TECHNOLOGIES WITH INTENSIVE DIRECT...

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WITH EXPECTATIONS AS OUR FOUNDATION, THE MOTIVATE OUR MINDS PROGRAM PROVIDES STUDENTS WITH THE PREMIER EDUCATION ENRICHMENT PROGRAM THAT COMBINES ADAPTIVE TECHNOLOGIES WITH INTENSIVE DIRECT INSTRUCTION, PROVIDED BY HIGHLY QUALIFIED TEACHERS. IN THE LAST THREE YEARS, WE HAVE UNDERTAKEN A TREMENDOUS EFFORT TO BETTER DOCUMENT THE RATE OF SUCCESS STUDENTS ARE HAVING IN THE CLASSROOM. TO THOSE ENDS, WE HAVE BEEN ABLE TO MONITOR STUDENT PROGRESS VIA THE MUNCIE COMMUNITY SCHOOLS PARENT PORTAL, AND WE ARE ABLE TO TRACK READING AND MATH PROFICIENCY WITHIN THE STAR READING AND STAR MATH PROGRAMS. WITHIN THE FIRST SEMESTER OF USING THE STAR READING AND STAR MATH PROGRAMS, OUR STUDENTS SHOWED AN AVERAGE GAIN OF MORE THAN ONE WHOLE SCHOOL YEAR. FOR THE STUDENTS THAT ENROLL, WE ARE ABLE TO DEMOSTRATE CLEAR CONNECTIONS TO THE MATH AND READING OBJECTIVES THAT ARE BEING MASTERED ON A DAILY AND QUARTERLY BASIS. THERE ARE OTHER EXTENDED-SCHOOL PROGRAMS IN MUNCIE AND DELAWARE COUNTY. WHILE EACH OF THESE ORGANIZATIONS IS ABLE TO REPRESENT A SPECIALIZED AREA OF EXPERTISE, MOTIVATE OUR MINDS PROVIDES A COMPREHENSIVE COLLECTION OF BENEFITS TO FAMILIES. MOTIVATE OUR MINDS EMPLOYS CERTIFIED CLASSROOM FACULTY AND PROVIDES INDIVIDUALIZED LEARNING CONTROLS, VIA ACCELERATED MATH AND READING PROGRAMS. BY REQUIRING FAMILIES TO SHARE THEIR STUDENT'S MUNCIE COMMUNITY SCHOOLS PARENT PORTAL LOGIN, OUR FACULTY ARE ABLE TO MANAGE ACADEMIC PROGRESS IN REAL TIME WHICH ADDS ANOTHER LEVEL OF INDIVIDUALIZED ATTENTION. THE HISTORY, FACILITIES, TUTOR SUPPORT, AND REPUTATION OF MOTIVATE OUR MINDS ALL CONTRIBUTE TO A BUILDING CULTURE THAT IS NOT ALWAYS SEEN IN OTHER PROGRAMS AROUND THE COMMUNITY AND ALLOWS THE TEACHERS TO DELIVER HIGH QUALITY INSTRUCTION. WE CAN ABSOLUTELY REPLICATE AND EXPAND SUCCESS, AND POVERTY DOES NOT HAVE TO MEAN LOW ACHIEVEMENT AND EXPECTATIONS. A SUPPORT NETWORK IS FUNDAMENTAL TO STUDENT SUCCESS, AND SO MOTIVATE OUR MINDS HAS DEVELOPED NEW COLLABORATIONS WHILE CONTINUING TO NURTURE OUR EXISTING PARTNERS. ADDITIONALLY, TO SUPPORT THE CONTINUED LEARNING OF STUDENTS DURING SUMMER MONTHS, THE GROWING ENTREPRENEURS PROGRAM WAS CREATED. OVER THE COURSE OF THREE ACADEMIC SEMESTERS EACH YEAR, INCLUDING THE SUMMER, MOTIVATE OUR MINDS HAS SERVED AN AVERAGE OF 60 STUDENTS IN EACH SESSION. OVER 160 STUDENTS WERE SERVED DURING THE LAST YEAR. OVER 90% OF MOTIVATE OUR MINDS' FAMILIES RECEIVE AT LEAST SOME FORM OF TUITION ASSISTANCE, RELATIVE TO THEIR HOUSEHOLD INCOME AND ABILITY TO PAY. OUR SAMPLE SIZE FOR MEASUREMENT IS NOT AS LARGE AS WE WOULD LIKE AT THIS POINT, BUT WE ARE COMMITTED TO GROWING OUR MULTIPLE YEAR RETENTION RATES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $528,138
Program Service Revenue $10,343
Investment Income $2,031
Other Revenue $11,239
TOTAL REVENUE $551,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $228,472
Fundraising Expenses $22,847
Program Expenses $222,511
Other Expenses $168,302
TOTAL EXPENSES $396,774

Year-over-Year Comparison

2023 2022 Change
Revenue $551,751 $236,447 +1.3%
Expenses $396,774 $310,030 +0.3%
Net Income $154,977 $-73,583 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
15
Volunteers
1026

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
4
$0
Total Directors
10
$69,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH QUARLES PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRIS ALLEN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KARI GAYES SECRETARY 1.00
Officer Director
$0 $0 $0
LEAH WINNER TREASURER 1.00
Officer Director
$0 $0 $0
MARY DOLLISON CO-FOUNDER 1.00
Director
$0 $0 $0
DR KENDRA LOWERY DIRECTOR 1.00
Director
$0 $0 $0
DR RONA-ROBINSON-HILL DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER GILLAND DIRECTOR 1.00
Director
$0 $0 $0
DESTINEE LEWIS DIRECTOR 1.00
Director
$0 $0 $0
DENISE MILLBEN-WILLIAMS EXECUTIVE DI 40.00
Director
$69,000 $0 $69,000
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
2024 No data No data No data No data
2023 $551,751 $396,774 $1,056,636 $154,977
2022 $236,447 $310,030 $855,215 $-73,583
2021 $410,904 $357,727 $947,881 $53,177
2020 $300,370 $320,982 $904,183 $-20,612
2019 $278,729 $303,876 $871,816 $-25,147
2018 $301,841 $328,044 $884,734 $-26,203
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