Noble Minds INC FY2020 filing

Tax-deductible

New Orleans, LA501(c)(3)EducationEIN 46-1611872Revenue $1.3M in FY2020

On file with the IRS1333 S Carrollton Ave, 70118-2003 · New Orleans, LATax-exempt since Mar 2015School — 170(b)(1)(A)(ii)

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Our mission is to create an environment where students receive high quality instruction and effective personal growth strategies that willprepare them to successfully navigate the next stage of their educational journey.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $24K a year · 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$230K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.1M
To programs
51%
Net assets
$248K
By yearFY2020–FY2025
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.0M
FY2023$2.4M
FY2024$2.6M
FY2025$2.5M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.9M
FY2023$2.1M
FY2024$2.5M
FY2025$3.3M
Net assets
$248K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$248K
FY2021$462K
FY2022$575K
FY2023$844K
FY2024$933K
FY2025$151K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $542K Management & general 49% · $518K

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

8 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$115,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Vera Triplett’s $147K as CEO is at the 62nd percentile of top reported officer pay among 3395 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vera Triplett$147,306$147,286$135,000$121,984$117,108$115,000

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 15aNo

Programs and updates

Prepares students for their next educational stage with quality instruction and personal growth strategies.

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Provided by the organization

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1 program · $542K · in their own filed words · FY2019
01

There are four major outcomes that we want for the noble minds students. These four outcomes utimately lead to acceptance into, and graduation from, a high school of students' choice followed by a seamless and sucessful entry into a four year college or a successful career path. 1.

$542Kprogram expense

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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$191K
Other incomeLn 4–11$13K
Money outPt IX
$1.1M
Ln 25
Programscol B$542K
Managementcol C$518K
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$478K
LiabilitiesLn 26$230K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$191K
Government grantsLn 1e$77K
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$13K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$414K
Cash and savings togetherLn 1–2$414K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$12K
Total assetsLn 16$478K
LiabilitiesLn 26$230K
Net assetsLn 32$248K
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$88K$414K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$134K$478K
LiabilitiesLn 26$129K$230K
Net assetsLn 32$5K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$503K$360K$144K
Pension plan contributionsLn 8$34K$25K$9K
Payroll taxesLn 10$40K$27K$13K
Office expensesLn 13$17K$17K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$434K$128K$305K
All other expensesLn 24e$12K$1K$10K
Total functional expensesLn 25$1.1M$542K$518K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$3.3M−$782K$151K 990 PDF
FY2024 $2.6M$2.5M$89K$933K 990 PDF
FY2023 $2.4M$2.1M$268K$844K 990 PDF
FY2022 $2.0M$1.9M$114K$575K 990 PDF
FY2021 $1.6M$1.3M$213K$462K 990 PDF
FY2020 Viewing $1.3M$1.1M$243K$248K 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
See the full FY2020 990 (6 parts)
Part I · Summary $1,303,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $331,675$191,203
I-9 Program service revenuePrior year $520,709$1,098,904
I-10 Investment income$0
I-11 Other revenuePrior year $29,729$12,900
I-12 Total revenuePrior year $882,113$1,303,007
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $511,037$577,729
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $526,614$482,070
I-18 Total expensesPrior year $1,037,651$1,059,799
I-19 Revenue less expensesPrior year −$155,538$243,208
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,303,007 across 6 lines filed
VIII-1e Government grants$77,317
VIII-1f All other contributions, gifts and grants$113,886
VIII-1h Total contributions, gifts and grants$191,203
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,098,904$1,098,904
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,900$12,900
VIII-12 Total revenueRelated to mission $1,111,804$1,303,007
Part IX · Statement of functional expenses $1,059,799 across 7 lines filed
IX-7 Other salaries and wagesPrograms $359,577 · Management $143,613$503,190
IX-8 Pension plan contributionsPrograms $25,321 · Management $9,088$34,409
IX-10 Payroll taxesPrograms $26,979 · Management $13,151$40,130
IX-13 Office expensesManagement $16,961$16,961
IX-23 InsuranceManagement $19,806$19,806
IX-24 Other expenses (24a–d)Programs $128,416 · Management $305,179$433,595
IX-24e All other expensesPrograms $1,478 · Management $10,230$11,708
IX-25 Total functional expensesPrograms $541,771 · Management $518,028 · Fundraising $0$1,059,799
Part X · Balance sheet $478,328 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $88,286$414,306
X-3 Pledges and grants receivableStart of year $37,854$24,231
X-4 Accounts receivableStart of year $7,557$8,282
X-9 Prepaid expenses and deferred charges$13,844
X-10c Land, buildings and equipment, net$5,165
X-15 Other assets$12,500
X-16 Total assetsStart of year $133,697$478,328
X-17 Accounts payable and accrued expensesStart of year $107,132$107,736
X-24 Unsecured notes and loans payable$97,641
X-26 Total liabilitiesStart of year $128,732$230,155
X-27 Net assets without donor restrictionsStart of year $4,965$248,173
X-32 Total net assets or fund balancesStart of year $4,965$248,173
X-33 Total liabilities and net assetsStart of year $133,697$478,328
Part XI · Reconciliation of net assets $248,173 net assets at year end
XI-1 Total revenue$1,303,007
XI-2 Total expenses$1,059,799
XI-3 Revenue less expenses$243,208
XI-4 Net assets at start of year$4,965
XI-10 Net assets at end of year$248,173

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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