MINDS MATTER OF PORTLAND INC

EIN: 861166255 501(c)(3)

PORTLAND, OR

Total Revenue
$530,058
Total Expenses
$433,570
Total Assets
$903,776
Net Assets
$902,933
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
OR
Principal Officer
SCOTT GEORGE
Phone
2126166585
Tax Period
2024-07-01 to 2025-06-30

MINDS MATTER OF PORTLAND INC, founded in 2006, is a small nonprofit that reported $530K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $96K, a strong 18% operating margin.

Mission

MINDS MATTER 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.

Program Service Accomplishments

Program 1
Expenses: $330,852

THE OBJECTIVE OF THE SOPHOMORE AND JUNIOR PROGRAMS IS TO ASSIST HIGH SCHOOL SOPHOMORES AND JUNIORS IN GAINING ADMISSION TO COMPETITIVE SUMMER COLLEGE PREPARATORY PROGRAMS IN THE U.S. AND ABROAD. IN...

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THE OBJECTIVE OF THE SOPHOMORE AND JUNIOR PROGRAMS IS TO ASSIST HIGH SCHOOL SOPHOMORES AND JUNIORS IN GAINING ADMISSION TO COMPETITIVE SUMMER COLLEGE PREPARATORY PROGRAMS IN THE U.S. AND ABROAD. IN ADDITION TO OFFERING A RIGOROUS ACADEMIC CURRICULUM, THIS PROGRAM EMPOWERS STUDENTS WITH A SENSE OF INDEPENDENCE, TEACHES TIME MANAGEMENT SKILLS, HELPS DEVELOP NEW FRIENDSHIPS WITH OTHER STUDENTS FROM DIVERSE BACKGROUNDS AND PROVIDES A NEW PERSPECTIVE ON THE WORLD.STUDENTS ARE ACCEPTED INTO THE SOPHOMORE PROGRAM BASED ON A RIGOROUS AND HIGHLY COMPETITIVE APPLICATION PROCESS, WHICH INCLUDES ACADEMIC CREDENTIALS, FINANCIAL CRITERIA, PERSONAL ESSAYS, GUIDANCE COUNSELOR AND TEACHER RECOMMENDATIONS AND AN INTERVIEW.THE JUNIOR PROGRAM ENROLLS PREVIOUSLY SUCCESSFUL SOPHOMORE PROGRAM STUDENTS AND OCCASIONALLY ACCEPTS NEW STUDENTS BASED ON A RIGOROUS AND HIGHLY COMPETITIVE APPLICATION PROCESS WHICH INCLUDES ACADEMIC CREDENTIALS, FINANCIAL CRITERIA, PERSONAL ESSAYS, GUIDANCE COUNSELOR AND TEACHER RECOMMENDATIONS AND AN INTERVIEW.STUDENTS ARE ASSIGNED A PAIR OF MENTORS WITH WHOM THEY MEET WEEKLY THROUGHOUT THE SCHOOL YEAR. MENTORS WORK WITH THEIR STUDENTS DURING SESSIONS TO SELECT SUMMER PROGRAMS, PREPARE APPLICATIONS, CREATE PERSONAL STATEMENTS AND ESSAYS, REQUEST LETTERS OF RECOMMENDATION, AND COMPLETE FINANCIAL AID PAPERWORK. STUDENTS ALSO IMPROVE THEIR BASIC ACADEMIC SKILLS AND TEST TAKING STRATEGIES FOR THE S.A.T. THROUGH THE TEST PREP PROGRAM AND IMPROVE THEIR WRITING, LOGIC AND REASONING, PRESENTATION SKILLS AND UNDERSTANDING OF CURRENT EVENTS THROUGH THE WRITING AND CRITICAL THINKING PROGRAM. ADDITIONALLY, STUDENTS PARTICIPATE IN SPECIAL WORKSHOPS, PANEL DISCUSSIONS AND FIELD TRIPS, OFTEN TEAMING UP WITH THE SENIOR PROGRAM TO LEARN MORE ABOUT THE COLLEGE ADMISSIONS PROCESS. AFTER A STUDENT IS ADMITTED TO A SUMMER PROGRAM AND AWARDED A FINANCIAL AID PACKAGE, MINDS MATTER PROVIDES AS MUCH FINANCIAL ASSISTANCE AS IS NEEDED TO SUPPLEMENT THE SCHOOL'S AWARD.STUDENTS WHO SUCCESSFULLY COMPLETE THE JUNIOR PROGRAM ARE INVITED TO APPLY FOR THE SENIOR PROGRAM. THE PROGRAM MEETS WEEKLY THROUGHOUT THE SCHOOL YEAR AND AGGRESSIVELY LEADS STUDENTS THROUGH THE COLLEGE APPLICATION PROCESS. MOST STUDENTS RETAIN THEIR MENTORS FROM THE JUNIOR PROGRAM, ENHANCING THE FOUNDATION FOR STRONG FRIENDSHIPS THAT OFTEN CONTINUE AFTER THE STUDENT GRADUATES HIGH SCHOOL.THE SENIOR PROGRAM GUIDES STUDENTS THROUGH THE ENTIRE COLLEGE APPLICATION PROCESS BY PROVIDING TRAINING IN COLLEGE SELECTION, ESSAY WRITING, INTERVIEWING AND FINANCIAL AID. SINCE ITS INCEPTION IN 1996 IN NEW YORK, THE SENIOR PROGRAM HAS EXPANDED ITS GOALS TO ADDRESS NOT ONLY GAINING ADMISSION TO COLLEGE BUT ALSO SUCCEEDING ONCE THERE. PROGRAM SUCCESSFULLY PREPARES TALENTED YOUTH TO MAKE THE MOST OF THEIR UNDRGRADUATE EXPERIENCE BY BUILDING THIER ORGANIZATIONAL AND COMMUNICATIONS SKILLS. WITH THE ADDITION OF PROGRAMMING THAT EDUCATES SENIORS ON SELECTING A MAJOR, ADAPTING TO COLLEGE LIFE, CHOOSING A CAREER PATH AND INTERVIEWING FOR INTERNSHIPS AND JOBS, THE SENIOR PROGRAM HAS EVOLVED INTO A COMPREHENSIVE GUIDE TO SUCCEEDING IN COLLEGEAND BEYOND. THE MAJORITY OF OUR SENIOR PROGRAM STUDENTS RECEIVE GENEROUS FINANCIAL AID PACKAGES FROM SCHOOLS BASED ON THEIR ACADEMIC ACHIEVEMENTS AND FINANCIAL NEED. IN CASE IN WHICH A STUDENT DOES NOT RECEIVE ADEQUATE FINANCIAL ASSISTANCE FROM HIS/HER COLLEGE OF CHOICE, MINDS MATTER HELPS THE STUDENT AND HIS/HER FAMILY NEGOTIATE A MORE GENEROUS AWARD AND DETERMINE FINANICAL AID OPTIONS. MINDS MATTER ALSO PROVIDES A STIPEND TO EACH STUDENT WHO SUCCESSFULLY COMPLETES THE SENIOR PROGRAM. 100% OF MINDS MATTER GRADUATES HAVE BEEN ACCEPTED AT A 4 YEAR COLLEGE OR UNIVERSITY.

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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 $510,084
Program Service Revenue $0
Investment Income $19,974
Other Revenue $0
TOTAL REVENUE $530,058

Expense Breakdown

Grants Paid $102,033
Salaries & Benefits $229,641
Fundraising Expenses $0
Program Expenses $330,852
Other Expenses $101,896
TOTAL EXPENSES $433,570

Year-over-Year Comparison

2024 2023 Change
Revenue $530,058 $446,972 +0.2%
Expenses $433,570 $328,744 +0.3%
Net Income $96,488 $118,228 -0.2%
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
8
Independent Members
8
Employees
4
Volunteers
83

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
6
$78,339
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRAHAM COVINGTON CO-CHAIR 10.00
Officer Director
$0 $0 $0
CAROLYN BECIC CO-CHAIR 10.00
Officer Director
$0 $0 $0
LISA PATTERSON SECRETARY 10.00
Officer Director
$0 $0 $0
SCOTT GEORGE TREASURER 10.00
Officer Director
$0 $0 $0
SEAN WALLACE TREASURER (THROUGH 6/25) 10.00
Officer Director
$0 $0 $0
TIMOTHY WRIGHT DIRECTOR 10.00
Director
$0 $0 $0
ANJENE BRYANT DIRECTOR 10.00
Director
$0 $0 $0
JESSICA YU DIRECTOR 10.00
Director
$0 $0 $0
KRISMIN BELL DIRECTOR (THROUGH 7/25) 10.00
Director
$0 $0 $0
DR MICHAEL DEVAUGHN DIRECTOR (THROUGH 5/25) 10.00
Director
$0 $0 $0
REED HARRISON EXECUTIVE DIRECTOR 30.00
Officer
$72,339 $6,000 $78,339
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 $530,058 $433,570 $903,776 $96,488
2024 $446,972 $328,744 $817,023 $118,228
2023 $370,478 $267,680 $703,439 $102,798
2022 $252,956 $139,860 $595,242 $113,096
2021 $310,168 $80,196 $484,521 $229,972
2019 $234,628 $162,586 $130,752 $72,042
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