Big Minds Incorporated FY2024 filing

Tax-deductible

Pinole, CA501(c)(3)Since 2017EducationEIN 81-4897779

Big minds is an attachment-based, community-focused school designed to give twice-exceptional (2e) students the time and support necessary to grow into thoughtful, articulate citizens.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$172K 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

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $103K a year · 5% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$172K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $56K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$490K
208% of total assets
Concern: liabilities are 208% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+7% vs prior year
Spent
$2.3M
To programs
80%
Net assets
−$254K
By yearFY2021–FY2024
Revenue
$2.2M
FY2024▲ +7%
Revenue by fiscal year
FY2021$1.3M
FY2022$2.2M
FY2023$2.1M
FY2024$2.2M
FY2024$2.5M
Expenses
$2.3M
FY2024▲ +2%
Expenses by fiscal year
FY2021$1.2M
FY2022$2.5M
FY2023$2.3M
FY2024$2.3M
FY2024$2.3M
Net assets
−$254K
FY2024▼ -29%
Net assets by fiscal year
FY2021$234K
FY2022−$35K
FY2023−$197K
FY2024−$254K
FY2024−$447K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2017.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.8M Management & general 19% · $432K Fundraising 1% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $172K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$88,189Pt VII · Sec A
$83,491Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Rianna Bensing’s $97K as Executive Di is at the 29th 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Melanie Hayes——$56,167$110,000$110,000
Rianna Bensing$97,066$88,189$85,000$82,273$59,375
Vasilios Bouzos$83,837$83,491$93,413$96,307—
Billy Bouzos————$89,375

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

Educates gifted children, grades 1-8, fostering intellectual, creative, and social skills.

Provided by the organization

This section is blank until Big Minds Incorporated claims this page.

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1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2023.
01

Big minds is an attachment-based, community-focused 1ST-8TH grade level school designed to give twice exceptional students the time and support necessary to be successful learners who can build self-efficacy and grow into thoughtful, articulate citizens.

$1.8Mprogram 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 · FY2023
Total grants receivedfrom 3 funders$56K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$373K
Investment incomeLn 3$2K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.8M
Managementcol C$432K
Fundraisingcol D$22K
Owns and owesPt X
−$254K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$236K
LiabilitiesLn 26$490K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$373K
Government grantsLn 1e$223K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$2K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$171K
SavingsLn 2$44
Cash and savings togetherLn 1–2$171K
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$38K
Total assetsLn 16$236K
LiabilitiesLn 26$490K
Net assetsLn 32−$254K
OperationsPt I, VI
EmployeesI 534
VolunteersI 63
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$242K$171K
Land, buildings, equipmentLn 10c$15K$11K
Total assetsLn 16$306K$236K
LiabilitiesLn 26$503K$490K
Net assetsLn 32−$197K−$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$183K$174K$9K
Other salaries and wagesLn 7$1.3M$1.2M$100K
Other employee benefitsLn 9$155K$106K$48K$2K
Payroll taxesLn 10$122K$100K$21K$1K
Legal feesLn 11b$3K$75$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$75$75
Office expensesLn 13$10K$3K$735$6K
Information technologyLn 14$70K$15K$53K$3K
OccupancyLn 16$329K$329K
Conferences, conventions and meetingsLn 19$7K$4K$2K$942
InterestLn 20$19K$19K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$7K$190$7K
Other expenses (24a–d)Ln 24$48K$46K$1K$853
Total functional expensesLn 25$2.3M$1.8M$432K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.2M$2.3M−$57K−$254K 990 PDF
FY2023 $2.1M$2.3M−$162K−$197K 990 PDF
FY2022 $2.2M$2.5M−$269K−$35K 990 PDF
FY2021 $1.3M$1.2M$75K$234K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,234,354 across 6 lines filed
Lines not itemized here account for $80,879 of total revenue; see the IRS return.
VIII-1e Government grants$222,755
VIII-1f All other contributions, gifts and grants$150,151
VIII-1h Total contributions, gifts and grants$372,906
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,778,367$1,778,367
VIII-3 Investment incomeExcluded from tax $2,202$2,202
VIII-12 Total revenueRelated to mission $1,859,246 · Excluded from tax $2,202$2,234,354
Part IX · Statement of functional expenses $2,291,612 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $174,278 · Fundraising $8,700$182,978
IX-7 Other salaries and wagesPrograms $1,230,544 · Management $100,041$1,330,585
IX-9 Other employee benefitsPrograms $106,047 · Management $47,647 · Fundraising $1,618$155,312
IX-10 Payroll taxesPrograms $99,799 · Management $21,179 · Fundraising $1,115$122,093
IX-11b Legal feesPrograms $75 · Management $2,864$2,939
IX-11c Accounting feesManagement $3,374$3,374
IX-11g Other fees for servicesPrograms $75$75
IX-13 Office expensesPrograms $3,483 · Management $735 · Fundraising $6,190$10,408
IX-14 Information technologyPrograms $14,598 · Management $52,684 · Fundraising $2,875$70,157
IX-16 OccupancyPrograms $328,629$328,629
IX-19 Conferences, conventions and meetingsPrograms $3,525 · Management $2,035 · Fundraising $942$6,502
IX-20 InterestManagement $18,913$18,913
IX-22 Depreciation, depletion and amortizationPrograms $4,286$4,286
IX-23 InsurancePrograms $190 · Management $6,768$6,958
IX-24 Other expenses (24a–d)Programs $46,286 · Management $1,264 · Fundraising $853$48,403
IX-25 Total functional expensesPrograms $1,837,537 · Management $431,782 · Fundraising $22,293$2,291,612
Part X · Balance sheet $235,779 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $241,592$170,832
X-2 Savings and temporary cash investmentsStart of year $44$44
X-9 Prepaid expenses and deferred chargesStart of year $11,525$16,572
X-10c Land, buildings and equipment, netStart of year $14,911$10,625
X-15 Other assetsStart of year $37,706$37,706
X-16 Total assetsStart of year $305,778$235,779
X-17 Accounts payable and accrued expensesStart of year $2,311−$3,675
X-24 Unsecured notes and loans payableStart of year $499,900$491,899
X-25 Other liabilitiesStart of year $416$1,662
X-26 Total liabilitiesStart of year $502,627$489,886
X-27 Net assets without donor restrictionsStart of year −$196,849−$254,107
X-32 Total net assets or fund balancesStart of year −$196,849−$254,107
X-33 Total liabilities and net assetsStart of year $305,778$235,779
Part XI · Reconciliation of net assets −$254,107 net assets at year end
XI-1 Total revenue$2,234,354
XI-2 Total expenses$2,291,612
XI-3 Revenue less expenses−$57,258
XI-4 Net assets at start of year−$196,849
XI-10 Net assets at end of year−$254,107

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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