Motivate Our Minds Inc
EIN: 351734264 · Muncie, IN · NTEE: B90Z
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $397K |
| Net Assets | $1.0M |
Is Motivate Our Minds Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Motivate Our Minds Inc
Motivate Our Minds Inc (EIN: 351734264) is a nonprofit organization based in Muncie, IN, classified under NTEE code B90Z. The organization reported total revenue of $292K and total assets of $856K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Motivate Our Minds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Motivate Our Minds Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $552K |
| Total Expenses | $397K |
| Surplus / Deficit | +$155K |
| Total Assets | $1.1M |
| Total Liabilities | $19K |
| Net Assets | $1.0M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 32.0 months |
Financial Health Grade: A
In 2023, Motivate Our Minds Inc reported a surplus of $155K with revenue exceeding expenses, holds 32.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Motivate Our Minds Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +133.4% | +28.0% | +23.6% |
| 2022 | -42.5% | -13.3% | -9.8% |
| 2021 | +36.8% | +11.4% | +4.8% |
| 2020 | +7.8% | +5.6% | +3.7% |
| 2019 | -7.7% | -7.4% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Motivate Our Minds Inc 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 Motivate Our Minds Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $155K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Motivate Our Minds Inc
Is Motivate Our Minds Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Motivate Our Minds Inc (EIN: 351734264) insufficient data. 0 red flags identified, 0 strengths noted.
How does Motivate Our Minds Inc spend its money?
Detailed spending breakdown data is not yet available for Motivate Our Minds Inc. Check back for updated IRS 990 analysis.
Are donations to Motivate Our Minds Inc tax-deductible?
Motivate Our Minds Inc is registered as a tax-exempt nonprofit (EIN: 351734264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Motivate Our Minds Inc located?
Motivate Our Minds Inc is headquartered in Muncie, Indiana and files with the IRS under EIN 351734264. It is classified under NTEE code B90Z.
How many years of IRS 990 filings does Motivate Our Minds Inc have?
Motivate Our Minds 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 $292K in total revenue.
Filing History
IRS 990 filing history for Motivate Our Minds Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Motivate Our Minds Inc's revenue has grown by 74.3%, moving from $317K to $552K. Total assets increased by 14.5% over the same period, from $923K to $1.1M. Total functional expenses rose by 25.4%, from $316K to $397K. In its most recent filing year (2023), Motivate Our Minds Inc reported a surplus of $155K, with revenue exceeding expenses. The organization holds $19K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $552K | $397K | $1.1M | $19K | — | — |
| 2022 | $236K | $310K | $855K | $13K | — | View 990 |
| 2021 | $411K | $358K | $948K | $12K | — | View 990 |
| 2020 | $300K | $321K | $904K | $47K | — | View 990 |
| 2019 | $279K | $304K | $872K | $13K | — | View 990 |
| 2018 | $302K | $328K | $885K | $14K | — | View 990 |
| 2017 | $251K | $309K | $925K | $15K | — | View 990 |
| 2016 | $204K | $283K | $958K | $9K | — | View 990 |
| 2015 | $237K | $322K | $1.0M | $11K | — | View 990 |
| 2014 | $331K | $267K | $1.1M | $13K | — | View 990 |
| 2013 | $231K | $254K | $997K | $10K | — | View 990 |
| 2012 | $399K | $285K | $1.0M | $7K | — | View 990 |
| 2011 | $317K | $316K | $923K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $552K, expenses of $397K, and assets of $1.1M (revenue +133.4% year-over-year).
- 2022: Revenue of $236K, expenses of $310K, and assets of $855K (revenue -42.5% year-over-year).
- 2021: Revenue of $411K, expenses of $358K, and assets of $948K (revenue +36.8% year-over-year).
- 2020: Revenue of $300K, expenses of $321K, and assets of $904K (revenue +7.8% year-over-year).
- 2019: Revenue of $279K, expenses of $304K, and assets of $872K (revenue -7.7% year-over-year).
- 2018: Revenue of $302K, expenses of $328K, and assets of $885K (revenue +20.3% year-over-year).
- 2017: Revenue of $251K, expenses of $309K, and assets of $925K (revenue +23.1% year-over-year).
- 2016: Revenue of $204K, expenses of $283K, and assets of $958K (revenue -13.8% year-over-year).
- 2015: Revenue of $237K, expenses of $322K, and assets of $1.0M (revenue -28.5% year-over-year).
- 2014: Revenue of $331K, expenses of $267K, and assets of $1.1M (revenue +43.1% year-over-year).
- 2013: Revenue of $231K, expenses of $254K, and assets of $997K (revenue -42.1% year-over-year).
- 2012: Revenue of $399K, expenses of $285K, and assets of $1.0M (revenue +26.1% year-over-year).
- 2011: Revenue of $317K, expenses of $316K, and assets of $923K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Motivate Our Minds Inc:
Data Sources and Methodology
This transparency report for Motivate Our Minds 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.