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 | 931,238 | 0 | |
| (B)
UNIVERSITY OF INDIANAPOLIS |
350868107 | 2 | Yes | 93 | 0 | |
|
Total 2
|
931,331 | 0 | ||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (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) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (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) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (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) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (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 on 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 0.015 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 0.035 | 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 | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, 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 2022. 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 2023. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART IV, SECTION A, LINE 6 | THE MIND TRUST GAVE GRANTS TO THE FOLLOWING ORGANIZATIONS: 74 MEDIA, INC. 85,750.00 A&E PUBLICATIONS, LLC 2,500.00 ADELANTE SCHOOLS INC. 710,000.00 ADVANCEMENT THROUGH ATHLETICS 5,000.00 ALLEGIANT PREP ACADEMY 56,000.00 ASANTE ART INSTITUTE 5,000.00 ASIAN AMERICAN ALLIANCE INC. 10,000.00 ASPIRE HIGHER FOUNDATION 30,000.00 BELIEVE SCHOOLS, INC. 558,625.00 BETHEL CATHEDRAL AME CHURCH 4,000.00 BOYS AND GIRLS CLUB OF INDIANAPOLIS 30,000.00 BRAVE BEFORE & AFTER YOUTH PROGRAM 7,000.00 CHRISTEL HOUSE ACADEMY, INC. 14,500.00 CIRCLE CITY PREPARATORY, INC. 53,500.00 CROSSROADS OF AMERICA COUNCIL 15,000.00 DIVERSE CHARTER SCHOOLS COALITION, INC 36,000.00 EDISON SCHOOL OF THE ARTS 210,000.00 EMPOWERED FAMILIES, INC. 200,000.00 ENROLL INDY, INC. 400,000.00 FIGHT FOR LIFE FOUNDATION, INC 10,000.00 GLOBAL PREPARATORY ACADEMY 33,750.00 HERRON CLASSICAL SCHOOLS 500,000.00 INSTITUTE FOR QUALITY EDUCATION INC 200,000.00 INTERNATIONAL MARKETPLACE COALITION 10,000.00 INVENT LEARNING HUB 8,500.00 ISLAND MID FEST LLP 10,000.00 KIPP INDIANAPOLIS, INC. 100,000.00 LA PLAZA, INC. 30,000.00 LADIES UNDER CONSTRUCTION 5,000.00 LATINAS WELDING GUILD INC. 5,000.00 LILLIAN DAVIS FOUNDATION, INC. 3,000.00 LISTEN TO OUR FUTURE 5,000.00 MAKE-A-WISH FOUNDATION 2,500.00 MARIAN UNIVERSITY 252,500.00 MATCHBOOK LEARNING SCHOOLS OF INDIANA, INC 150,000.00 MELANATED LEADERS INC. 115,000.00 METROPOLITAN SCHOOL DISTRICT OF DECATUR TOWNSHIP 90,000.00 MULTILINGUAL EDUCATION REFORM COLLECTIVE OF INDIANAPOLIS LLC 15,000.00 NEAR EASTSIDE INNOVATION SCHOOL CORPORATION 400,000.00 NEIGHBORHOOD CHARTER NETWORK 25,000.00 PARAMOUNT SCHOOLS OF EXCELLENCE 400,000.00 PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS 500,000.00 RE-GENERATION INDY 10,000.00 RECORDER WOMEN'S AUXILARY 15,000.00 RISE UNITED 300,000.00 ROCHESTER EDUCATION FELLOWSHIP LLC 390,875.00 ROOTED SCHOOL INDIANAPOLIS 227,000.00 SHE EVENT INDY LTD. 2,500.00 SPEDACTS INC 200,000.00 STAND FOR CHILDREN LEADERSHIP CENTER, INC. 550,000.00 STARFISH INITIATIVE 20,000.00 TEACH FOR AMERICA (NY)1,075,000.00 TEACH INDY 102,063.17 TEACHERS' TREASURES, INC 5,000.00 TFT DESIGN, LLC 10,000.00 THE CITY LEAGUE, INC 10,000.00 THE DIVERSITY IN LEADERSHIP PROGRAM 35,000.00 THE IMMIGRANT WELCOME CENTER INC 25,000.00 THE PATH SCHOOL 20,000.00 TINDLEY ACCELERATED SCHOOLS 30,000.00 UNITED SCHOOLS OF INDIANAPOLIS 90,600.00 URBAN INITIATIVE INC 2,500.00 VANGUARD COLLEGIATE OF INDIANAPOLIS 30,000.00 VICTORY COLLEGE PREP 147,500.00 WEATHER HOUSE INSTITUTE 5,000.00 WITHERSPOON PRESBYTERIAN CHURCH 3,000.00 ANA DELGADO 2,000.00 - FOOTNOTE 1 AREIONA CHEATHAM 2,000.00 - FOOTNOTE 1 DEJA FALLAH-GRAHAM 1,000.00 - FOOTNOTE 1 DESTINY COLE 500.00 - FOOTNOTE 1 ERRICKA GRAHAM 5,000.00 - FOOTNOTE 1 JAZZMIN WILLIAMS 2,500.00 - FOOTNOTE 1 JESSICA DAVIS 2,500.00 - FOOTNOTE 1 MEISHA SAMPSON 3,000.00 - FOOTNOTE 1 RONNIE BEATHEA 2,000.00 - FOOTNOTE 1 TASHA FOUST 2,000.00 - FOOTNOTE 1 MARLIN JACKSON 10,000.00 - FOOTNOTE 2 FOOTNOTE 1 - THE INDIVIDUALS LISTED ABOVE WITH FOOTNOTE 1 RECEIVED LITERACY FUND AWARDS FROM THE MIND TRUST IN FISCAL YEAR 2023. THE AWARDS WERE USED TO SUPPORT LITERACY SOLUTIONS FOR FAMILIES IN INDIANAPOLIS IN FISCAL YEAR 2023. FOOTNOTE 2 - THE INDIVIDUAL LISTED ABOVE WITH FOOTNOTE 2 RECEIVED A SCHOOL COMMUNITY PARTNERSHIP INVESTMENT FROM THE MIND TRUST IN FISCAL YEAR 2023. THE AWARD WAS USED TO SUPPORT THE MARLINJ28 PROGRAMS TO PROVIDE SERVICES TO INDIANAPOLIS SCHOOLS TO ENCOURAGE STUDENTS TO STAY ON TRACK IN SCHOOL AND COMPLETE HIGH SCHOOL AND PURSUE POST-SECONDARY OPPORTUNITIES. |
| 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'S MISSION IS TO PROVIDE EVERY INDIANAPOLIS STUDENT ACCESS TO AN EXCELLENT EDUCATION BY AMPLIFYING THE POWER OF NEIGHBORHOODS AND COMMUNITIES TO LEAD EDUCATION CHANGE, SUPPORTING SCHOOLS TO GROW AND EXCEL IN A THRIVING EDUCATION ECOSYSTEM, AND PROMOTING RACIAL EQUITY IN EDUCATION. THE MIND TRUST STRIVES TO ENSURE INDIANAPOLIS IS A CITY WHERE EVERY CHILD HAS ACCESS TO AN EXCELLENT EDUCATION, IN PURSUIT OF A DAY WHEN RACE AND INCOME ARE NO LONGER PREDICTORS OF LIFE OUTCOMES BY TRIPLING THE NUMBER OF STUDENTS WITHIN INDIANAPOLIS PUBLIC SCHOOLS GEOGRAPHY WHO ARE ACADEMICALLY PROFICIENT BY 2027. USING 2021 AS A BASELINE, THE MIND TRUST'S OVERARCHING GOAL IS TO ENSURE THAT AT LEAST THREE TIMES AS MANY STUDENTS ARE ACADEMICALLY PROFICIENT BY 2027. ADVANCING EDUCATIONAL EQUITY HAS RACIAL EQUITY AT THE FOREFRONT OF EACH ASPECT OF OUR WORK TO ENSURE THE MIND TRUST IS FOCUSED ON EQUITABLY SERVING ALL INDIANAPOLIS CHILDREN, FAMILIES, AND COMMUNITIES. THE PLAN FOCUSES ON FOUR KEY PRIORITIES - GREAT SCHOOLS, ENGAGING COMMUNITY, RACIAL EQUITY, AND THRIVING ECOSYSTEM. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE MIND TRUST ACHIEVES ITS GOALS BY EXECUTING ON WORK IN FOUR AREAS: GREAT SCHOOLS: THE MIND TRUST LAUNCHES NEW HIGH-QUALITY, AUTONOMOUS SCHOOLS WITH THE CONDITIONS FOR SUCCESS AND SUPPORT EXISTING SCHOOLS TO REACH AND SUSTAIN SUCCESS. THE MIND TRUST SUPPORTS, RETAINS, AND ATTRACTS TALENTED EDUCATORS WHO SHARE THE RACIAL AND/OR SOCIOECONMIC BACKGROUND OF INDIANAPOLIS' STUDENTS. ENGAGING COMMUNITY: THE MIND TRUST WORKS TO AMPLIFY THE VOICES OF NEIGHBORHOODS AND COMMUNITIES TO LEAD AND ADOVACATE FOR EDUCATION CHANGE. THE MIND TRUST ESTABLISHES PARTNERSHIPS TO ADDRESS BARRIERS THAT MAKE IT HARDER FOR CHILDREN TO LEARN AND INCREASE THEIR ECONMIC MOBILITY. RACIAL EQUITY: THE MIND TRUST PURSUES RACIAL EQUITY WITHIN EDUCATION THROUGH ITS POLICIES AND PROGRAMS. THE MIND TRUST SEEKS TO ELEVATE LEADERS WHO SHARE INDIANAPOLIS STUDENTS' RACIAL AND SOCIOECONOMIC BACKGROUDS, AND THE MIND TRUST AMPLIFIES MARGINALIZED VOICES. THRIVING ECOSYSTEM: THE MIND TRUST WORKS TO MAINTAIN AND STRENGTHEN THE CONDITIONS FOR STUDENT SUCCESS THROUGH POLICY AND ADVOCACY, EFFECTIVE SYSTEM-LEVEL SOLUTIONS, AND COLLABORATION WITHIN THE EDUCATION. THE MIND TRUST IS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR ENTREPRENEURIAL EDUCATION VENTURES IN INDIANAPOLIS. |
| 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 15B | IN APRIL AND MAY OF 2021, THE MIND TRUST CONDUCTED A COMPENSATION STUDY FOR THE HIGHLY COMPENSATED EMPLOYEES INCLUDED ON PART VII OF THE 990. |
| 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 5,942,475 170,286 24,730 |
| Software ID: | |
| Software Version: |