Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
TNTP INC |
133850158 | 2 | Yes | 166,850 | 0 | |
| (B)
UNIVERSITY OF INDIANAPOLIS |
350868107 | 2 | Yes | 0 | 0 | |
|
Total 2
|
166,850 | 0 | ||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART IV, SECTION A, LINE 6 | THE MIND TRUST GAVE GRANTS TO THE FOLLOWING ORGANIZATIONS: ADELANTE SCHOOLS INC. 325,000 ASANTE CHILDREN'S THEATRE 10,000 AVONDALE MEADOWS ACADEMY 100,000 BELIEVE SCHOOLS, INC. 439,711 CHRISTEL HOUSE ACADEMY 106,000 COLD SPRING SCHOOL INC. 50,000 EMPOWERED FAMILIES, INC. 264,648 ENROLL INDY, INC. 385,000 EVERY GIRL CAN STEM INC. 242,500 GEORGE AND VERONICA PHALEN LEADERSHIP ACADEMIES 100,000 GLEANERS FOOD BANK OF INDIANA, INC. 100,000 GREATER INDIANAPOLIS PROGRESS COMMITTEE 100,000 INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION 327,500 INSTITUTE FOR QUALITY EDUCATION, INC 150,000 INVENT LEARNING HUB 200,000 KHEPRW INSTITUTE 10,000 KIPP INDIANAPOLIS, INC. 260,000 LA PLAZA, INC. 15,000 MARIAN UNIVERSITY 85,000 PATH SCHOOL INC. 442,097 PROMISE PREP INC. 125,000 PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS 75,000 RELAY GRADUATE SCHOOL OF EDUCATION 800,000 ROOTED SCHOOL 25,000 ROOTED SCHOOL INDIANAPOLIS 270,000 SANKOFA SCHOOL OF SUCCESS, INC. 50,000 STAND FOR CHILDREN LEADERSHIP CENTER, INC. 300,000 TEACH FOR AMERICA (NY) 1,537,500 TEACH PLUS 30,000 THE BLOOM PROJECT, INC 10,000 THE EDUCATE ME FOUNDATION 25,000 TINDLEY ACCELERATED SCHOOLS 25,000 TNTP, INC. 166,850 TOGETHER EDUCATION INC. 60,000 |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE MIND TRUST EXECUTES THREE CORE STRATEGIES: GROWING HIGH QUALITY SCHOOLS; INVESTING IN WORLD-CLASS TALENT AND SUPPORTING SCHOOLS TO SUCCEED; AND ENGAGING THE COMMUNITY AND ADVANCING POLICY. THE MIND TRUST OPERATES A PAIR OF UNIQUE SCHOOL INCUBATORS-THE INNOVATION SCHOOL FELLOWSHIP AND CHARTER SCHOOL FELLOWSHIP TO ENTICE TALENTED LEADERS TO LAUNCH HIGH QUALITY PUBLIC SCHOOLS IN INDIANAPOLIS. THROUGH ITS THIRD INCUBATOR, THE EDUCATION ENTREPRENEUR FELLOWSHIP, THE MIND TRUST ATTRACTS SOCIAL INNOVATORS TO INDIANAPOLIS TO LAUNCH BREAK THE MOLD NONPROFITS THAT PROVIDE GREAT SCHOOLS WITH CRITICAL SUPPORTS. THE MIND TRUST WORKS CLOSELY WITH ITS PARTNERS TO CULTIVATE THE LANDSCAPE NEEDED FOR SCHOOLS TO THRIVE THROUGH COMMUNITY ENGAGEMENT AND PUBLIC POLICY/THOUGHT LEADERSHIP EFFORTS. THE MIND TRUST IS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR ENTREPRENEURIAL EDUCATION VENTURES. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE MIND TRUST OPERATES THREE INCUBATORS - THE INNOVATION SCHOOL FELLOWSHIP, CHARTER SCHOOL FELLOWSHIP, AND EDUCATION ENTREPRENEUR FELLOWSHIP- THAT HELP GROW HIGH QUALITY PUBLIC SCHOOLS AND EDUCATION NONPROFITS IN INDIANAPOLIS. THE INNOVATION SCHOOL FELLOWSHIP HELPS LAUNCH INNOVATION NETWORK SCHOOLS, AUTONOMOUS PUBLIC SCHOOLS WITHIN THE INDIANAPOLIS PUBLIC SCHOOLS, THE CITY'S LARGEST SCHOOL DISTRICT, AND THE MIND TRUST'S EDUCATION EMPOWERMENT AWARDS HELP HIGH-PERFORMING SCHOOLS CONVERT TO INNOVATION NETWORK SCHOOL STATUS. THROUGH ITS CHARTER SCHOOL FELLOWSHIP, THE MIND TRUST HELPS LAUNCH OR EXPAND EXCELLENT PUBLIC CHARTER SCHOOLS, AUTONOMOUS SCHOOLS THAT OPERATE INDEPENDENTLY OF THE SCHOOL DISTRICT ARE FREE FROM MANY STATE REGULATIONS, ALLOWING THEM TO BE MORE INNOVATIVE AND FLEXIBLE IN THE CLASSROOM. THE EDUCATION ENTREPRENEUR FELLOWSHIP LAUNCHES INNOVATIVE, HIGH-QUALITY NONPROFIT EDUCATION ORGANIZATIONS, INCLUDING GREAT PUBLIC SCHOOLS AND OTHER GROUPS THAT ADDRESS SPECIFIC CHALLENGES FACING LOCAL SCHOOLS AND STUDENTS. THE MIND TRUST ACTIVELY ENGAGES THE COMMUNITIES AND NEIGHBORHOODS IT SERVES TO CREATE SUPPORT FOR THE SCHOOLS IT LAUNCHES, AS WELL AS FOR BROADER EFFORTS TO RESHAPE EDUCATION. THE MIND TRUST ALSO SUPPORTS AND CONDUCTS RESEARCH ON CRITICAL ISSUES AND ADVANCES BOLD POLICY INITIATIVES TO CREATE A LANDSCAPE THAT FOSTERS THE GROWTH OF QUALITY SCHOOLS. THE MIND TRUST IS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR ENTREPRENEURIAL EDUCATION VENTURES. |
| FORM 990, PAGE 6, PART VI, LINE 4 | IN NOVEMBER OF 2019, THE MIND TRUST, INC. AMENDED THEIR ARTICLES OF INCORPORATION AND FILED THEM WITH THE INDIANA SECRETARY OF STATE. THE BYLAWS WERE CHANGED TO ALLOW FOR THE ELECTION OF COMMUNITY DIRECTORS BY A MAJORITY OF THE BOARD. THE REVISED ARTICLES OF INCORPORATION ARE ATTACHED (WITH THE CHANGES HIGHLIGHTED). THE ARTICLES OF AMENDMENT TO THE ARTICLES OF INCORPORATION FILING WITH THE INDIANA SECRETARY OF STATE IS ALSO ATTACHED. |
| FORM 990, PAGE 6, PART VI, LINE 11B | LINE 11B THE MIND TRUST'S FORM 990 AND ALL RELATED SCHEDULES, STATEMENTS AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE AND THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE RETURNS WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | LINE 12C THE MIND TRUST'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES, OFFICERS, AND DIRECTORS OF THE MIND TRUST. THE MIND TRUST'S BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF ALL DISCLOSURES OR FAILURES TO DISCLOSE CONFLICTS OF INTEREST AND FOR TAKING APPROPRIATE ACTION IN THE CASE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TRANSACTION. THE MIND TRUST'S DIRECTOR OF FINANCE AND OPERATIONS REVIEWS THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS COMPLETED BY EMPLOYEES, DIRECTORS AND OFFICERS OF THE MIND TRUST'S BOARD OF DIRECTORS, AND AS NECESSARY, THE MIND TRUST'S OUTSIDE COUNSEL, IN DETERMINING IF A CONFLICT EXISTS. IF AN EMPLOYEE, OFFICER OR DIRECTOR HAS A CONFLICT, HE OR SHE IS EXCLUDED FROM DELIBERATIONS AND DECISIONS RELATED TO THE ISSUE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | ANNUALLY, THE MIND TRUST'S COMPENSATION COMMITTEE REQUESTS THE CEO COMPLETE A WRITTEN SELF-ASSESSMENT AND PROVIDE THE SELF- ASSESSMENT TO THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REQUESTS FEEDBACK FROM CURRENT AND/OR RECENT EMPLOYEES, AS WELL AS OTHER BOARD MEMBERS, AS APPROPRIATE ON AN ANONYMOUS BASIS TO SOLICIT THEIR INDIVIDUAL INPUT ON THE CEO'S PERFORMANCE. THE COMPENSATION COMMITTEE CONFERS TO DETERMINE PERFORMANCE FEEDBACK AS WELL AS ANY CHANGES TO THE CEO TO RELAY THAT FEEDBACK AND ANY COMPENSATION CHANGE. THE COMPENSATION COMMITTEE COMMUNICATES THE PROCESS AND OUTCOME TO THE BOARD OF DIRECTORS AND SENDS WRITTEN NOTIFICATION TO THE MIND TRUST'S ADMINISTRATION OF ANY ADJUSTMENT IN COMPENSATION, EFFECTIVE JULY 1, OF ANY GIVEN YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE MIND TRUST, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, AS APPLICABLE, AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST MADE TO THE ATTENTION OF ITS CEO AND RECEIVED AT ITS CORPORATE OFFICE. |
| FORM 990, PART IX, LINE 11G | CONSULTING 3,301,304 63,367 19,750 |
| Software ID: | |
| Software Version: |