TOOLS OF THE MIND

EIN: 832864497 501(c)(3) Religion

SHIRLEY, MA

Total Revenue
$3,937,795
Total Expenses
$5,471,174
Total Assets
$6,560,030
Net Assets
$6,079,763
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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
2018
Legal Domicile
CO
Principal Officer
NATHANIEL FOOTE
Phone
6177588857
Tax Period
2024-07-01 to 2025-06-30

TOOLS OF THE MIND, founded in 2018, is a community nonprofit in the Religion sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO HELP ALL CHILDREN LEARN AND DEVELOP TO THEIR FULL POTENTIAL BY APPLYING DEVELOPMENTAL THEORY-BASED PRINCIPLES OF LEARNING TO EARLY CHILDHOOD EDUCATION.

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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 $140,000
Program Service Revenue $3,563,346
Investment Income $226,805
Other Revenue $7,644
TOTAL REVENUE $3,937,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,125,197
Fundraising Expenses $58,757
Program Expenses $3,689,718
Other Expenses $1,345,977
TOTAL EXPENSES $5,471,174

Year-over-Year Comparison

2024 2023 Change
Revenue $3,937,795 $6,398,740 -0.4%
Expenses $5,471,174 $5,151,604 +0.1%
Net Income $-1,533,379 $1,247,136 -2.2%
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
6
Independent Members
5
Employees
37
Volunteers
6

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
3
$394,451
Total Directors
6
$189,968
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA WILDER-SMITH SECRETARY/ EXEC DIR. 37.50
Officer
$172,800 $31,683 $204,483
DEBORAH LEONG CO-FOUNDER/PRESIDENT 37.50
Officer Director
$153,444 $36,524 $189,968
OLIVER SAUNDERS WILDER DIRECTOR OF TECHNOLOGY 37.50
Highest
$140,169 $50,848 $191,017
CYNTHIA CADIGAN ASSOCIATE DIR. OF FINANCE & ADMIN. 37.50
Highest
$127,780 $43,053 $170,833
MARA VIANA HEAD OF SYSTEMS,OPERATION&INNOVATION 37.50
Highest
$139,419 $20,721 $160,140
MEGAN SPACCIAPOLI DIRECTOR OF DATA AND EVALUATION 37.50
Highest
$135,680 $16,512 $152,192
ANGELA ALVIS DIRECTOR OF PARTNERSHIP DEVELOPMENT 37.50
Highest
$127,519 $16,081 $143,600
NATHANIEL FOOTE CHAIR 4.00
Officer Director
$0 $0 $0
MIRIAM CALDERON DIRECTOR 1.00
Director
$0 $0 $0
ELLEN GALINSKY DIRECTOR 1.00
Director
$0 $0 $0
ELSA HOLGUIN DIRECTOR 1.00
Director
$0 $0 $0
JACQUELINE JONES DIRECTOR 1.00
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
2025 $3,937,795 $5,471,174 $6,560,030 $-1,533,379
2024 $6,398,740 $5,151,604 $8,085,690 $1,247,136
2023 $5,800,009 $4,212,067 $6,802,716 $1,587,942
2022 $4,646,518 $3,807,551 $5,139,156 $838,967
2021 $5,282,072 $3,131,237 $4,682,421 $2,150,835
2020 $3,924,618 $2,853,381 $2,501,460 $1,071,237
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