Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $1.2M paid to officers and key staff.
Brandon Brown’s $363K as CEO is at the 76th percentile of top reported officer pay among 3683 $10–100M education 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Brandon Brown | $363,128 | $353,441 | $329,925 | $293,127 | $264,777 |
| Leslie Shegog | $257,084 | $238,858 | $218,655 | $209,010 | $175,663 |
| Kristin Grimme | $219,436 | $199,199 | $153,689 | $152,174 | $137,229 |
| Corrie Lapp | $200,639 | $186,196 | $167,872 | $145,516 | — |
| Patrick Jones | $191,784 | $181,418 | $168,981 | $156,966 | $140,378 |
| Kelli Marshall | $183,202 | $170,027 | $162,161 | — | — |
| Kimberly Preston | $182,540 | — | — | — | — |
| Lauren Rush | — | — | — | $158,029 | $156,194 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Transforms Indianapolis' K-12 public education landscape by launching high-quality schools, supporting educators, and funding innovative learning programs to ensure racial and economic equity for students.
Questions for The Mind Trust INC
Your first name shows with your question. The Mind Trust INC answers here, for everyone.
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The mind trust achieves its goals by executing on work in four areas: great schools: the mind trust launches new high-quality, autonomous schools with the conditions for success and support existing schools to reach and sustain success.
The mind trust supports indianapolis partners to improve the city's education ecosystem and national partners in the development of other city proof points for education transformation. The mind trust engaged in several projects in the 2022-23 fiscal year to support our indianapolis partners in improving the education ecosystem and…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.7M | $10.4M |
| InvestmentsLn 11–13 | $12.3M | |
| Land, buildings, equipmentLn 10c | $82K | $39K |
| Total assetsLn 16 | $19.0M | $26.4M |
| LiabilitiesLn 26 | $2.0M | $1.2M |
| Net assetsLn 32 | $17.0M | $25.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.6M | $8.6M | ||
| Grants to domestic individualsLn 2 | $32K | $32K | ||
| Other salaries and wagesLn 7 | $3.4M | $2.7M | $428K | $307K |
| Pension plan contributionsLn 8 | $148K | $120K | $17K | $11K |
| Other employee benefitsLn 9 | $874K | $639K | $127K | $108K |
| Payroll taxesLn 10 | $252K | $200K | $30K | $22K |
| Legal feesLn 11b | $99K | $96K | $3K | |
| Accounting feesLn 11c | $49K | $4K | $45K | |
| Investment management feesLn 11f | $46K | $45K | −$748 | $2K |
| Other fees for servicesLn 11g | $6.1M | $5.9M | $170K | $25K |
| Advertising and promotionLn 12 | $722K | $721K | $612 | $236 |
| Office expensesLn 13 | $340K | $165K | $168K | $6K |
| OccupancyLn 16 | $123K | $97K | $17K | $9K |
| TravelLn 17 | $177K | $156K | $20K | $1K |
| Conferences, conventions and meetingsLn 19 | $351K | $214K | $137K | |
| Depreciation, depletion and amortizationLn 22 | $43K | $43K | ||
| InsuranceLn 23 | $50K | $31K | $18K | $2K |
| Other expenses (24a–d)Ln 24 | $263K | $208K | $54K | $2K |
| Total functional expensesLn 25 | $21.7M | $20.0M | $1.1M | $633K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $57.9M | $35.6M | $22.3M | $54.4M | 990 PDF |
| FY2024 | $49.3M | $43.5M | $5.8M | $31.4M | 990 PDF |
| FY2023 Viewing | $29.9M | $21.7M | $8.2M | $25.2M | 990 PDF |
| FY2022 | $10.8M | $19.6M | −$8.8M | $17.0M | 990 PDF |
| FY2021 | $26.2M | $22.0M | $4.2M | $25.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $29,881,369 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $29,881,369 across 6 lines filed
Part IX · Statement of functional expenses $21,711,220 across 18 lines filed
Part X · Balance sheet $26,440,445 assets, 14 lines filed
Part XI · Reconciliation of net assets $25,195,825 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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