Marshmallow Minds EIN 81-1842345

Marshmallow Minds

EIN  81-1842345 Public charity (501(c)(3)) Sunnyvale, CA Founded 2016
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Ignites lifelong learning by providing engaging STEAM lessons and teacher training.
Leadership
Harini Senthilvasan · CEO · $60K
Money in and out
$211K revenue, $209K expenses
Bottom line
86% program efficiency

Ignites lifelong learning by providing engaging STEAM lessons and teacher training. For fiscal year 2025 it reported $211K in revenue, $209K in expenses, and $94K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$94K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program efficiency
86%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate▲ +64% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$211K
FY2025▼ -1%
Expenses
$209K
FY2025▼ -37%
Total assets
$94K
FY2025▲ +3%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$209K
Pt IX · Ln 25
Net assets
$94K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$94K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $181K of program spending, described in the organization's own filed words · FY2025.
01

Free Outreach In-School Program

Marshmallow Minds partners with Title-1 schools that serve children from under-resourced communities and offers free in-school STEAM education services.

$152Kprogram expense
02

After-School and Summer Fee-Based Program

Marshmallow Minds partners with schools and offers after-school and summer STEAM education services for a fee.

$17Kprogram expense
03

Fee-Based In-School Program

Marshmallow Minds partners with schools and offers in-school STEAM education services for a fee.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarshmallow Minds
EINHdr · item D81-1842345
Principal addressHdr · item CSunnyvale, CA
WebsiteHdr · item Jwww.marshmallowminds.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
$60,000Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A

Harini Senthilvasan’s $60K as CEO is at the 52nd percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Harini Senthilvasan$60,000$93,000$64,500
Harini Senthilvasan$34,500$30,000$24,000

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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Statement of Revenue

Part VIII
Contributions & grants$180K · 85%
Program service revenue$31K · 15%
Contributions & grants85%$180K
Program service revenue15%$31K
— government grantsLn 1e$32K
Total revenueLn 12$211K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$181K
Management & general12%$25K
Fundraising2%$4K
Total functional expensesLn 25$209K

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$94K
Total liabilitiesLn 26$0
Total net assetsLn 32$94K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses/yr $209K
5.4 months
Where the money goes
Program services
Program services $181K · Total expenses $209K
86%
Management & General
Management & general $25K · Total expenses $209K
12%
Fundraising
Fundraising $4K · Total expenses $209K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $118K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $180K · Total revenue $211K
85%
Government reliance
Government grants $32K · Total revenue $211K
15%
Earned-income share
Program service revenue $31K · Total revenue $211K
15%
Investment reliance
Investment income $0 · Total revenue $211K
0%
Program self-sufficiency
Program service revenue $31K · Total expenses $209K
15%
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year $214K
-1%
Revenue CAGR
FY2020 $72K · FY2025 $211K
+24%
Net-asset trend (YoY)
End of year $94K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $209K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $94K
Net-asset ratio
Net assets $94K · Total assets $94K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $94K
0%
People & payroll
Highest Reported Total Compensation
Individual Harini Senthilvasan · Reported title CEO · Highest reported compensation $60K · Total expenses $209K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $209K
75%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 12%
Fundraising cost ratio 2%
Revenue growth -1%

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
See all 7 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
FY2025 (Latest)$211K revenue · viewing · ⤓ 990 PDF
FY2024$214K revenue · ⤓ 990 PDF
FY2023$324K revenue · ⤓ 990 PDF
FY2022$116K revenue · ⤓ 990 PDF
FY2021$84K revenue · ⤓ 990 PDF
FY2020$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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