Minds Matter Colorado INC EIN 20-1449487

Minds Matter Colorado INC

EIN  20-1449487 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Helps talented low-income students dream bigger and succeed in college and life.
Leadership
Alexandra Goldberg · Director of Advancement · $115K
Money in and out
$1.2M revenue, $997K expenses
Bottom line
69% program efficiency

Helps talented low-income students dream bigger and succeed in college and life. For fiscal year 2025 it reported $1.2M in revenue, $997K in expenses, and $2.0M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$997K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $250K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.19 Fundraising $0.12
Program efficiency
69%
of spending reaches programs▲ +18% vs prior filing year
Operating runway
27.1mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▼ -34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.2M
FY2025▼ -5%
Expenses
$997K
FY2025▲ +10%
Total assets
$2.3M
FY2025▲ +17%
Total liabilities
$299K
FY2025▲ +2%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$997K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$250K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $685K of program spending, described in the organization's own filed words · FY2024.
01

Funded COLLEGE/UNIVERSITY summer programs for 100 low income students. The grants were paid directly to the universities. Additionally, funded training and counseling for 34 low income senior high school students in applying for college admission and seeking college tuition.

$685Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMinds Matter Colorado INC
EINHdr · item D20-1449487
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.mindsmatterco.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFNov 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director of Advancement
$115,482Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary (former)
$0Pt VII · Sec A
Treasurer (former)
$0Pt VII · Sec A
Director (former)
$0Pt VII · Sec A
Director (former)
$0Pt VII · Sec A

Alexandra Goldberg’s $115K as Director of Advancement is at the 41st percentile of top reported officer pay among 1547 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kate Brenan$129,350$126,750
Savinay Chandrasekhar$128,600$113,000
Kate Brenan$121,250
Alexandra Goldberg$115,482

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 99%
Investment income$11K · 1%
Contributions & grants99%$1.2M
Investment income1%$11K
— government grantsLn 1e$366K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.19 Fundraising $0.12
Program services69%$685K
Management & general19%$189K
Fundraising12%$123K
Total functional expensesLn 25$997K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$2.3M
Total liabilitiesLn 26$299K
Total net assetsLn 32$2.0M
Months of cash on handcomputed12.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $997K
27.1 months
Where the money goes
Program services
Program services $685K · Total expenses $997K
69%
Management & General
Management & general $189K · Total expenses $997K
19%
Fundraising
Fundraising $123K · Total expenses $997K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $170K · Solicited contributions (3-yr avg) $1.0M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
99%
Government reliance
Government grants $366K · Total revenue $1.2M
29%
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $11K · Total revenue $1.2M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $997K
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.3M
-5%
Revenue CAGR
FY2020 $976K · FY2024 $1.2M
+6%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $997K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.0M · Total assets $2.3M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
53%
People & payroll
Highest Reported Total Compensation
Individual Alexandra Goldberg · Reported title DIRECTOR OF ADVANCEMENT · Highest reported compensation $115K · Total expenses $997K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $485K · Total expenses $997K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 19%
Fundraising cost ratio 10%
Revenue growth -5%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 5 grants · $666K · 2020–2024
Unitemized GrantFY2024$186,543
Unitemized GrantFY2023$151,565
Unitemized GrantFY2022$111,237
Unitemized GrantFY2021$100,289
Unitemized GrantFY2020$116,253

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$990K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$976K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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