Mindleaps EIN 20-2041093

Mindleaps FY2020 filing

EIN  20-2041093 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Uses dance to build cognitive and social-emotional skills in at-risk youth for future success.
Leadership
Rebecca Davis · Executive Director · $50K
Money in and out
$676K revenue, $621K expenses
Bottom line
79% program efficiency

Uses dance to build cognitive and social-emotional skills in at-risk youth for future success. For fiscal year 2020 it reported $676K in revenue, $621K in expenses, and $57K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$676K
Pt VIII · Ln 12
Total expenses
$621K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.14 Fundraising $0.07
Program efficiency
79%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$676K
FY2020
Expenses
$621K
FY2020
Total assets
$166K
FY2020
Total liabilities
$108K
FY2020
Total revenue
$676K
Pt VIII · Ln 12
Total expenses
$621K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$166K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $312K of program spending, described in the organization's own filed words · FY2019.
01

Mindleaps served 168 children and vulnerable youth at our center in the capital of kigali, rwanda. These children participated in a dance program to develop cognitive skills and improve emotional regulation.

$152Kprogram expense
02

In FY20, mindleaps provided ongoing programming for 150 children at our permanent center located in the capital city of conakry, guinea. The mindleaps center's guinean staff provides street children and vulnerable youth with a path back towards formal education.

$98Kprogram expense
03

Mindleaps work in the balkans increased this year with the project peaceful rhythms in skopje, north macedonia. This project serves 360 youth who live in divided communities through three programs: dance & data, mindleaps virtual academy and the alumni network.

$63Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMindleaps
EINHdr · item D20-2041093
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.mindleaps.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFNov 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$50,000Pt VII · Sec A
Board Member
$11,250Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Rebecca Davis’s $105K as Executive Director is at the 36th percentile of top reported officer pay among 3916 $1–10M arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rebecca Davis$105,000$75,000$62,538$60,000$50,000
Lamar Baylor$11,250

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$661K · 98%
Program service revenue$15K · 2%
Contributions & grants98%$661K
Program service revenue2%$15K
Investment income$572
— government grantsLn 1e$117K
Total revenueLn 12$676K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.14 Fundraising $0.07
Program services79%$493K
Management & general14%$86K
Fundraising7%$42K
Total functional expensesLn 25$621K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$166K
Total liabilitiesLn 26$108K
Total net assetsLn 32$57K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses (Pt IX) $621K · Less non-cash grants $18K · Cash operating expenses/yr $603K
2.4 months
Where the money goes
Program services
Program services $493K · Total expenses $621K
79%
Management & General
Management & general $86K · Total expenses $621K
14%
Fundraising
Fundraising $42K · Total expenses $621K
7%
Cost to raise $1
Fundraising expense $42K · Solicited contributions $543K
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $661K · Total revenue $676K
98%
Government reliance
Government grants $117K · Total revenue $676K
17%
Earned-income share
Program service revenue $15K · Total revenue $676K
2%
Investment reliance
Investment income $572 · Total revenue $676K
0%
Program self-sufficiency
Program service revenue $15K · Total expenses $621K
2%
Growth & trend
Revenue growth (YoY)
This year $676K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $57K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $676K · Expenses $621K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $166K
Net-asset ratio
Net assets $57K · Total assets $166K
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $166K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rebecca Davis · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $50K · Total expenses $621K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $327K · Total expenses $621K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 14%
Fundraising cost ratio 6%
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 · funders on record
Grants received · FY2025
See all 6 funders →

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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
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$676K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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