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Mindful Materials INC

Tax-deductible

Spring City, PA501(c)(3)Environment EIN 87-4824812Revenue $975K in FY2024

On file with the IRSmindfulmaterials.com135 Barton Dr, 19475-3415 · Spring City, PATax-exempt since Nov 2022Publicly supported — 509(a)(2)

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Mindful Materials is dedicated to reversing the embodied impacts of the built environment by ultimately driving the use of regenerative and restorative building products that meet an industry-aligned framework for health, sustainability and resilience. The organization furthers its mission through a global cross-sector collaboration hub to develop and drive adoption of the common Materials framework, which is digitized through its curated Materials library and connected to industry tools, resources, education and advocacy for the greater benefit of all.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$75K 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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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 3
filings with a surplus
Average surplus $36K a year · 4% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 7% of spending
Top officer’s pay lower than 75% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$700
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$975K
+0.7% vs prior year
Spent
$1.0M
To programs
90%
Net assets
$137K
By yearFY2022–FY2024
Revenue
$975K
FY2024▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2022$603K
FY2023$969K
FY2024$975K
Expenses
$1.0M
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2022$606K
FY2023$827K
FY2024$1.0M
Net assets
$137K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2022$27K
FY2023$169K
FY2024$137K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2022.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $902K Management & general 10% · $104K

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

12 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$42,280Pt VII · Sec A
$32,500Pt 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

Kenneth Bevan’s $42K as CFO is at the 25th percentile of top reported officer pay among 1989 $100K–1M environment 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

NameFY2024FY2023FY2022
Kenneth Bevan$42,280$38,420$52,151
Linda Sorrento$32,500$25,000$31,837

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes healthy, sustainable building products through a collaborative framework and curated library.

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Provided by the organization

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1 program · $902K · in their own filed words · FY2024
01

The organization's sole program service consists of the FOLLOWING:1. Expansion of the collaboration hub for peer learning, knowledge & resource sharing and community ENGAGEMENT2. Development of the common materials FRAMEWORK3. Launch of the beta PORTAL4. Expansion of materials specific education & events

$902Kprogram 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 · FY2023
Epic Metals Corporation Charitable FoundationFY2023$500
Total grants receivedfrom 1 funder$500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$975K
Ln 12
Fees for servicesLn 2g$951K
Gifts and grantsLn 1h$22K
Investment incomeLn 3$2K
Money outPt IX
$1.0M
Ln 25
Programscol B$902K
Managementcol C$104K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$138K
LiabilitiesLn 26$700
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fees for servicesLn 2g$951K
Investment incomeLn 3$2K
Total revenueLn 12$975K
Assets in detailPt X, end of year
CashLn 1$137K
Cash and savings togetherLn 1–2$137K
Other assetsLn 15$320
Total assetsLn 16$138K
LiabilitiesLn 26$700
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$167K$137K
Total assetsLn 16$169K$138K
LiabilitiesLn 26$0$700
Net assetsLn 32$169K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$75K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$769K$769K
Advertising and promotionLn 12$62K$62K
Information technologyLn 14$38K$28K$10K
TravelLn 17$44K$43K$639
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$1.0M$902K$104K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $975K$1.0M−$31K$137K 990 PDF
FY2023 $969K$827K$142K$169K 990 PDF
FY2022 $603K$606K−$3K$27K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $975,015 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,607$22,116
I-9 Program service revenuePrior year $947,820$950,600
I-10 Investment incomePrior year $231$2,299
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $968,658$975,015
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $63,420$74,780
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $763,389$931,707
I-18 Total expensesPrior year $826,809$1,006,487
I-19 Revenue less expensesPrior year $141,849−$31,472
Part VI · Governance 13 of 13 board members independent, 5 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $975,015 across 6 lines filed
VIII-1b Membership dues$18,568
VIII-1f All other contributions, gifts and grants$3,548
VIII-1h Total contributions, gifts and grants$22,116
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $950,600$950,600
VIII-3 Investment incomeUnrelated business $2,299$2,299
VIII-12 Total revenueRelated to mission $950,600 · Unrelated business $2,299 · Excluded from tax $0$975,015
Part IX · Statement of functional expenses $1,006,487 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $74,780$74,780
IX-11b Legal feesManagement $4,556$4,556
IX-11c Accounting feesManagement $3,697$3,697
IX-11g Other fees for servicesPrograms $769,136$769,136
IX-12 Advertising and promotionPrograms $61,947$61,947
IX-14 Information technologyPrograms $27,808 · Management $9,949$37,757
IX-17 TravelPrograms $43,201 · Management $639$43,840
IX-23 InsuranceManagement $3,225$3,225
IX-24 Other expenses (24a–d)Management $7,549$7,549
IX-25 Total functional expensesPrograms $902,092 · Management $104,395 · Fundraising $0$1,006,487
Part X · Balance sheet $137,775 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $167,444$137,455
X-15 Other assetsStart of year $1,103$320
X-16 Total assetsStart of year $168,547$137,775
X-25 Other liabilitiesStart of year $0$700
X-26 Total liabilitiesStart of year $0$700
X-27 Net assets without donor restrictionsStart of year $168,547$137,075
X-32 Total net assets or fund balancesStart of year $168,547$137,075
X-33 Total liabilities and net assetsStart of year $168,547$137,775
Part XI · Reconciliation of net assets $137,075 net assets at year end
XI-1 Total revenue$975,015
XI-2 Total expenses$1,006,487
XI-3 Revenue less expenses−$31,472
XI-4 Net assets at start of year$168,547
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$137,075

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

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