THE GRAY MATTER EXPERIENCE INC

EIN: 811936438 501(c)(3) Education

CHICAGO, IL

Total Revenue
$768,288
Total Expenses
$784,781
Total Assets
$613,935
Net Assets
$602,563
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IL
Principal Officer
BRITNEY ROBBINS
Phone
2177212021
Tax Period
2024-03-01 to 2025-02-28

THE GRAY MATTER EXPERIENCE INC, founded in 2016, is a small nonprofit in the Education sector that reported $768K in total revenue in fiscal year 2024.

Mission

THE GRAY MATTER EXPERIENCE INSPIRES, EDUCATES, AND EMPOWERS THE NEXT GENERATION OF BLACK CHANGEMAKERS BY BRIDGING ENTREPRENEURIAL KNOWLEDGE GAP AND DRIVING POSITIVE COMMUNITY CHANGE.

Program Service Accomplishments

Program 1
Expenses: $358,112 Revenue: $55,463

THE GRAY MATTER EXPERIENCE EMPOWERS YOUNG BLACK PEOPLE, AGES 12-24, TO DISRUPT THE STATUS QUO, MOBILIZE INNOVATIVE IDEAS, AND CHAMPION THEIR COMMUNITIES. FOR THE GRAY MATTER EXPERIENCE...

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THE GRAY MATTER EXPERIENCE EMPOWERS YOUNG BLACK PEOPLE, AGES 12-24, TO DISRUPT THE STATUS QUO, MOBILIZE INNOVATIVE IDEAS, AND CHAMPION THEIR COMMUNITIES. FOR THE GRAY MATTER EXPERIENCE, ENTREPRENEURSHIP IS NOT JUST A CAREER. SINCE 2016, THEY'VE SUPPORTED MORE THAN 2,000 YOUNG PEOPLE THROUGH PERSONAL DEVELOPMENT, BUSINESS EDUCATION, AND NURTURING THEIR COMMITMENT TO SOCIAL IMPACT. THEIR PROGRAMS OFFER A NATIONALLY-RECOGNIZED CURRICULUM, DESIGNED BY BLACK LEADERS, THAT CULTIVATES THE ENTREPRENEURIAL MINDSET - AN APPROACH THAT EMBRACES INNOVATION, AUTHENTIC LEADERSHIP, AND A PROACTIVE DRIVE TO SOLVE CHALLENGES ACROSS ALL CAREER PATHS.THE GRAY MATTER EXPERIENCE'S ENGAGING TUITION-FREE PROGRAMS, NATIONAL PARTNERSHIPS, AND COMMUNITY OF ALLIES ENSURE THAT CURIOUS CREATORS AND BUDDING VISIONARIES ARE EQUIPPED WITH ESSENTIAL SKILLS, RELATIONSHIPS, AND RESOURCES TO BECOME AGENTS OF CHANGE AND THRIVE IN A GLOBAL ECONOMY.

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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 $698,215
Program Service Revenue $46,335
Investment Income $14,610
Other Revenue $9,128
TOTAL REVENUE $768,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $558,979
Fundraising Expenses $143,839
Program Expenses $358,112
Other Expenses $225,802
TOTAL EXPENSES $784,781

Year-over-Year Comparison

2024 2023 Change
Revenue $768,288 $714,241 +0.1%
Expenses $784,781 $875,523 -0.1%
Net Income $-16,493 $-161,282 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
3
Volunteers
4

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
$157,145
Total Directors
5
$157,145
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SETH GREEN VICE CHAIR 5.00
Officer Director
$0 $0 $0
CHIKA UMEADI CHAIR 5.00
Officer Director
$0 $0 $0
LAYLA LUMPKIN TREASURER 5.00
Officer Director
$0 $0 $0
PAMELA RANDLE SECRETARY 5.00
Officer Director
$0 $0 $0
BRITNEY ROBBINS FOUNDER AND CEO 60.00
Officer Director
$157,145 $0 $157,145
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 $768,288 $784,781 $613,935 $-16,493
2025 $271,863 $452,753 $431,534 $-180,890
2024 $714,241 $875,523 $629,752 $-161,282
2023 $924,948 $649,523 $823,401 $275,425
2022 $583,557 $310,424 $535,798 $273,133
2021 $312,847 $173,159 $289,646 $139,688
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