Mind the Gapp EIN 81-1485184 Form 990 (PDF) Claim this org

Mind the Gapp

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Provides job training and licensing to help people find employment and achieve financial stability. For fiscal year 2024 it reported $970K in revenue, $881K in expenses, and $34K in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Hopkins, MN
Website
mindthegappmn.org
Filings
5 on file (2020–2024)
Revenue
$970KFY2024
Expenses
$881K
Net assets
$34K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1485184 Public charity (501(c)(3)) Hopkins, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides job training and licensing to help people find employment and achieve financial stability.
Leadership
Pierre Rhodes · Executive Director · $62K
Money in and out
$970K revenue, $881K expenses
Bottom line
54% program efficiency
Where the money goes · FY2024
Total revenue
$970K
Pt VIII · Ln 12
Total expenses
$881K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $89K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.46
Program efficiency
54%
of spending reaches programs▲ +29% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year▲ +188% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$970K
FY2024▲ +86%
Expenses
$881K
FY2024▲ +53%
Total assets
$891K
FY2024▲ +11%
Total liabilities
$857K
FY2024▲ +2%
Total revenue
$970K
Pt VIII · Ln 12
Total expenses
$881K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$89K
Total assetsPt X · Ln 16$891K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMind the Gapp
EINHdr · item D81-1485184
Principal addressHdr · item CHopkins, MN
WebsiteHdr · item Jmindthegappmn.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J20)
Ruling yearIRS BMFMar 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$62,500Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Instructor Counsello
$0Pt VII · Sec A

Pierre Rhodes’s $62K as Executive Director is at the 60th percentile of top reported officer pay among 1212 $100K–1M employment 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
David E Johnson$104,220$95,550
David Johnson$70,183
Pierre Rhodes$62,500
Calvin Smith$42,231
Tesa Johnson$36,154

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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Mission & Programs · Part III

Where the work happens

1 program service account for $478K of program spending, described in the organization's own filed words · FY2024.
01

Mind the G.A.P.P.s mission is to create pathways for individuals by closing the gap to prosperity. Our programs help to improve the quality of life of the unemployed and under-employed BIPOC americans through career advancement support, stabilization services, acquiring sustainable housing, and solid community connections.

$478Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$886K · 91%
Contributions & grants$84K · 9%
Program service revenue91%$886K
Contributions & grants9%$84K
Total revenueLn 12$970K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.46
Program services54%$478K
Management & general46%$403K
Total functional expensesLn 25$881K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$891K
Total liabilitiesLn 26$857K
Total net assetsLn 32$34K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $147K · Operating expenses/yr $881K
2.0 months
Where the money goes
Program services
Program services $478K · Total expenses $881K
54%
Management & General
Management & general $403K · Total expenses $881K
46%
Fundraising
Fundraising $0 · Total expenses $881K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $80K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $970K
9%
Government reliance
Government grants — · Total revenue $970K
Earned-income share
Program service revenue $886K · Total revenue $970K
91%
Investment reliance
Investment income $0 · Total revenue $970K
0%
Program self-sufficiency
Program service revenue $886K · Total expenses $881K
101%
Growth & trend
Revenue growth (YoY)
This year $970K · Prior year $522K
+86%
Revenue CAGR
FY2020 $136K · FY2024 $970K
+64%
Net-asset trend (YoY)
End of year $34K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $970K · Expenses $881K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $891K
Net-asset ratio
Net assets $34K · Total assets $891K
4%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $891K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pierre Rhodes · Reported title Executive Director · Highest reported compensation $62K · Total expenses $881K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $355K · Total expenses $881K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 46%
Fundraising cost ratio 0%
Revenue growth 86%
Legal fee ratio 0.6%
Accounting fee ratio 0.5%

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 · FY2024
Total grants receivedfrom 2 funders$80K

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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)$970K revenue · viewing · ⤓ 990 PDF
FY2023$522K revenue · ⤓ 990 PDF
FY2022$327K revenue · ⤓ 990 PDF
FY2021$112K revenue · ⤓ 990 PDF
FY2020$136K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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