MIND MEETS MUSIC INC C/O MONIQUE SALINAS

EIN: 463550182 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$154,233
Total Expenses
$103,943
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
MONIQUE SALINAS
Phone
6168901164
Tax Period
2018-10-01 to 2019-04-03

MIND MEETS MUSIC INC C/O MONIQUE SALINAS, founded in 2013, is a small nonprofit that reported $154K in total revenue in fiscal year 2018. Revenue fell 86% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $50K, a strong 33% operating margin.

Mission

MIND MEETS MUSIC IS A UNIQUE AND REVOLUTIONARY PROGRAM USING MUSIC TO ENHANCE BRAIN DEVELOPMENT AND GROW READING AND HIGHER ORDER THINKING SKILLS IN KINDERGARTEN, FIRST GRADE, AND SECOND GRADE STUDENTS IN URBAN SCHOOLS

Program Service Accomplishments

Program 1
Expenses: $100,002 Revenue: $90,420

THE PROGRAM CONSISTS OF TWO 30-MINUTE SESSIONS PER CLASS PER WEEK. IT SERVES AS AN ACADEMIC ENHANCEMENT AND ACTS AS A CONDUIT CONNECTING THE ARTS WITH GENERAL EDUCATION, SPECIFICALLY LITERACY. MIND...

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THE PROGRAM CONSISTS OF TWO 30-MINUTE SESSIONS PER CLASS PER WEEK. IT SERVES AS AN ACADEMIC ENHANCEMENT AND ACTS AS A CONDUIT CONNECTING THE ARTS WITH GENERAL EDUCATION, SPECIFICALLY LITERACY. MIND MEETS MUSIC CLASSES ARE CHILD-CENTERED, SEQUENTIAL, EXPERIENTIAL AND INTENSE. THE OUTCOME IS A REVOLUTIONARY ARTS INTEGRATION PROGRAM OF THE HIGHEST QUALITY, DESIGNED TO INCREASE THE LIKELIHOOD OF ACADEMIC SUCCESS FOR HIGH-NEEDS, AT-RISK PRESCHOOL THROUGH SECOND GRADE STUDENTS. IN 2018 THE PROGRAM SERVICED OVER 5,000 STUDENTS. THE PROGRAM CEASED OPERATION IN OCTOBER 2018.

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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 (2018)

Revenue Breakdown

Contributions & Grants $56,943
Program Service Revenue $90,420
Investment Income $6,870
Other Revenue $0
TOTAL REVENUE $154,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $98,022
Fundraising Expenses $695
Program Expenses $100,002
Other Expenses $5,921
TOTAL EXPENSES $103,943

Year-over-Year Comparison

2018 2017 Change
Revenue $154,233 $1,079,066 -0.9%
Expenses $103,943 $1,097,802 -0.9%
Net Income $50,290 $-18,736 -3.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
21
Volunteers
10

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
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON RUDI PRESIDENT 2.00
Officer Director
$0 $0 $0
RICK ADAMY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KENT SPARKS SECRETARY 1.00
Officer Director
$0 $0 $0
CARLA GRANT TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTINE MULAN TRUSTEE 1.00
Director
$0 $0 $0
AMY CHARLES TRUSTEE 1.00
Director
$0 $0 $0
KATIE JOBSON TRUSTEE 1.00
Director
$0 $0 $0
AMY FREEBURG TRUSTEE 1.00
Director
$0 $0 $0
ASHLIE JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
MONIQUE SALINAS EXECUTIVE DIRECTOR 40.00
Director
$0 $0 $0
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
2019 $154,233 $103,943 No data $50,290
2018 $1,079,066 $1,097,802 $14,950 $-18,736
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