Minds Of The Future Foundation
EIN: 815308200 · Jacksonville, FL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $501K |
| Net Assets | $331K |
Is Minds Of The Future Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minds Of The Future Foundation
Minds Of The Future Foundation (EIN: 815308200) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code B90. The organization reported total revenue of $1.1M and total assets of $530K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minds Of The Future Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minds Of The Future Foundation is a mid-size nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of 48.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $832K |
| Total Expenses | $501K |
| Surplus / Deficit | +$331K |
| Total Assets | $411K |
| Total Liabilities | $80K |
| Net Assets | $331K |
| Operating Margin | 39.8% |
| Debt-to-Asset Ratio | 19.4% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2022, Minds Of The Future Foundation reported a surplus of $331K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.4% (very low leverage).
Financial Trends
Over 2 years of filings (2020–2022), Minds Of The Future Foundation's revenue has grown at a compound annual growth rate (CAGR) of 48.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +121.4% | +17.6% | +13141.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minds Of The Future Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minds Of The Future Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $331K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.4%.
Frequently Asked Questions about Minds Of The Future Foundation
Is Minds Of The Future Foundation a legitimate charity?
Minds Of The Future Foundation (EIN: 815308200) is a registered tax-exempt nonprofit based in Florida. It has 2 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Minds Of The Future Foundation spend its money?
Minds Of The Future Foundation reported $1.1M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Minds Of The Future Foundation tax-deductible?
Minds Of The Future Foundation is registered as a tax-exempt nonprofit (EIN: 815308200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minds Of The Future Foundation located?
Minds Of The Future Foundation is headquartered in Jacksonville, Florida and files with the IRS under EIN 815308200. It is classified under NTEE code B90.
How many years of IRS 990 filings does Minds Of The Future Foundation have?
Minds Of The Future Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Minds Of The Future Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2022), Minds Of The Future Foundation's revenue has grown by 121.4%, moving from $376K to $832K. Total assets increased by 13141.4% over the same period, from $3K to $411K. Total functional expenses rose by 17.6%, from $426K to $501K. In its most recent filing year (2022), Minds Of The Future Foundation reported a surplus of $331K, with revenue exceeding expenses. The organization holds $80K in liabilities against $411K in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $331K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $832K | $501K | $411K | $80K | — | View 990 |
| 2020 | $376K | $426K | $3K | $53K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minds Of The Future Foundation:
Data Sources and Methodology
This transparency report for Minds Of The Future Foundation 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.