Minddrive Incorporated FY2021 filing

Tax-deductible

Kansas City, MO501(c)(3)EducationEIN 27-3644498

To inspire students to learn through mentoring and project-based learning, to expand students' vision of the future and to encourage students to be a positive influence in the community.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
74%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$71K
to officers and key staff · 15% of spending
Pt VII · Sec A
Do they have reserves?
7 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
8
named funders · $156K
Funders’ Sch. I, 990-PF
Do they carry debt?
$67K
liabilities
Pt X · Ln 26
Who oversees it?
14
independent of 14 voting board members
Pt VI · Ln 1a–1b
Revenue
$671K
+66% vs prior year
Spent
$475K
To programs
74%
Net assets
$264K
By yearFY2020–FY2024
Revenue
$671K
FY2021▲ +66%
Revenue by fiscal year
FY2020$405K
FY2021$671K
FY2022$874K
FY2023$1.1M
FY2024$6K
Expenses
$475K
FY2021▲ +32%
Expenses by fiscal year
FY2020$359K
FY2021$475K
FY2022$814K
FY2023$1.1M
FY2024Not on file
Net assets
$264K
FY2021▲ +292%
Net assets by fiscal year
FY2020$67K
FY2021$264K
FY2022$323K
FY2023$346K
FY2024−$296K

From the FY2021 Form 990 (year ending July 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CMinddrive Incorporated
EINHdr · item D27-3644498
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2011
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CKansas City, MO
NTEE classificationIRS BMFEducation (B30)
WebsiteHdr · item Jwww.minddrive.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.15 Fundraising $0.10
Program services74%$353K
Management & general15%$73K
Fundraising10%$48K
Total functional expensesLn 25$475K

Financial health

Is it on solid ground?

Program efficiency
74%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$331K
FY2021▲ +148%
Total assets by fiscal year
FY2020$133K
FY2021$331K
FY2022$347K
FY2023$392K
FY2024Not on file
Total liabilities
$67K
FY2021▲ +2%
Total liabilities by fiscal year
FY2020$66K
FY2021$67K
FY2022$24K
FY2023$46K
FY2024Not on file
Revenue less expensesPt I · Ln 19$196K
Total assetsPt X · Ln 16$331K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$267K
Total assetsLn 16$331K
Total liabilitiesLn 26$67K
Total net assetsLn 32$264K
Months of cash on handcomputed6.8

Statement of Revenue

Part VIII
Contributions & grants$595K · 89%
Program service revenue$76K · 11%
Contributions & grants89%$595K
Program service revenue11%$76K
— government grantsLn 1e$69K
Total revenueLn 12$671K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $267K · Operating expenses (Pt IX) $475K · Less non-cash grants $5K · Cash operating expenses/yr $470K
6.8 months
Where the money goes
Program services
Program services $353K · Total expenses $475K
74%
Management & General
Management & general $73K · Total expenses $475K
15%
Fundraising
Fundraising $48K · Total expenses $475K
10%
Cost to raise $1
Fundraising expense (2-yr avg) $47K · Solicited contributions (2-yr avg) $451K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $595K · Total revenue $671K
89%
Government reliance
Government grants $69K · Total revenue $671K
10%
Earned-income share
Program service revenue $76K · Total revenue $671K
11%
Investment reliance
Investment income $0 · Total revenue $671K
0%
Program self-sufficiency
Program service revenue $76K · Total expenses $475K
16%
Growth & trend
Revenue growth (YoY)
This year $671K · Prior year $405K
+66%
Net-asset trend (YoY)
End of year $264K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $671K · Expenses $475K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $331K
—
Net-asset ratio
Net assets $264K · Total assets $331K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $331K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mike Enos · Reported title EXECUTIVE DI · Highest reported compensation $71K · Total expenses $475K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $282K · Total expenses $475K
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 15%——
Fundraising cost ratio 8%——
Revenue growth 66%——
Accounting fee ratio 4%——
Fundraising 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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$70,665Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary to
$0Pt VII · Sec A
Secretary 10
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mike Enos’s $97K as Executive Di is at the 95th percentile of top reported officer pay among 146 <$100K 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Mike Enos$96,621—$70,665$75,965
Mike Enos—$77,610——

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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Governance & Policies

Part VI
  • 14Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Inspires students to learn through mentoring and projects, expanding their future vision and encouraging community influence.

Provided by the organization

This section is blank until Minddrive Incorporated claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $353K of program spending, described in the organization's own filed words · FY2020.
01

Provided educational stem focused after-school programs and summer programming to over 150 high school students around the kansas city metro area. The organization serves students who are in need of educational intervention and lack adequate support for their growth and development.

$353Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $6K—-99% 990 PDF
FY2023 $1.1M$1.1M+30% 990 PDF
FY2022 $874K$814K+30% 990 PDF
FY2021 Viewing $671K$475K+66% 990 PDF
FY2020 $405K$359K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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