Nurturing Minds Inc

Nurturing Minds Inc consistently directs over 80% of expenses to programs with no officer compensation reported.

EIN: 208870624 · Newtonville, MA · NTEE: B12 · Updated: 2026-03-28

$5.2MRevenue

$10.3MAssets

92/100Mission Score (Excellent)

B12

About Nurturing Minds Inc

Nurturing Minds Inc (EIN: 208870624) is a nonprofit organization based in Newtonville, MA, classified under NTEE code B12. The organization reported total revenue of $5.2M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nurturing Minds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Nurturing Minds Inc demonstrates a strong commitment to its programmatic mission, consistently allocating a significant portion of its expenses to programs. For instance, in the 202306 period, with total expenses of $1,921,714, the organization reported 85% of its spending on program services, indicating efficient use of donor funds towards its stated goals. The organization has also shown substantial growth in assets, from $279,618 in 201506 to $6,893,891 in 202306, suggesting effective financial management and accumulation of resources to support its long-term objectives.

While the organization's revenue has fluctuated, experiencing a dip from $3,598,945 in 202206 to $1,587,681 in 202306, its asset base remains robust. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a focus on directing resources to beneficiaries rather than executive salaries. This practice enhances trust and demonstrates a strong ethical stance regarding compensation.

Overall, Nurturing Minds Inc appears to be in good financial health, characterized by strong program spending, significant asset growth, and excellent transparency regarding executive compensation. The recent decrease in revenue warrants monitoring, but the organization's historical performance and asset base suggest resilience.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nurturing Minds Inc with a Mission Score of 92 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, Nurturing Minds 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.

Executive Compensation Analysis

Nurturing Minds Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual and suggests a volunteer-led executive team or that compensation is reported under other expense categories.

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 Nurturing Minds Inc's IRS 990 filings:

Significant revenue decrease in the most recent filing period (from $3.6M in 2022 to $1.6M in 2023) warrants further investigation.

Strengths

The following positive indicators were identified for Nurturing Minds Inc:

Consistently high program spending ratio (e.g., 85% in 202306).
No officer compensation reported across all filings, indicating strong financial transparency and dedication to mission.
Substantial growth in assets over the past decade, demonstrating financial stability and capacity.
Low liabilities relative to assets, suggesting good financial health (e.g., $20,738 liabilities vs. $6,893,891 assets in 202306).

Frequently Asked Questions about Nurturing Minds Inc

Is Nurturing Minds Inc a good charity?

Based on the available IRS 990 data, Nurturing Minds Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses (e.g., 85% in 202306) to program services and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.

Why did Nurturing Minds Inc's revenue decrease significantly in 2023?

Nurturing Minds Inc's revenue decreased from $3,598,945 in 202206 to $1,587,681 in 202306. The IRS 990 data alone does not provide the specific reasons for this decline, but it could be due to various factors such as reduced donations, changes in grant funding, or economic conditions. Further investigation into their annual reports or financial statements would be needed to understand the cause.

How has Nurturing Minds Inc's asset base grown over time?

Nurturing Minds Inc has shown remarkable asset growth, increasing from $279,618 in 201506 to $6,893,891 in 202306. This indicates strong financial management and the ability to accumulate resources to support its long-term operations and mission.

Filing History

IRS 990 filing history for Nurturing Minds Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Nurturing Minds Inc's revenue has grown by 145.9%, moving from $646K to $1.6M. Total assets increased by 5495.2% over the same period, from $123K to $6.9M. Total functional expenses rose by 179.2%, from $688K to $1.9M. In its most recent filing year (2023), Nurturing Minds Inc reported a deficit of $334K, with expenses exceeding revenue. The organization holds $21K in liabilities against $6.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $6.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.6M	$1.9M	$6.9M	$21K	—	View 990
2022	$3.6M	$1.5M	$6.9M	$61K	—	View 990
2021	$3.1M	$1.3M	$5.9M	$9K	—	View 990
2020	$2.4M	$1.2M	$3.5M	$24K	—	View 990
2019	$1.9M	$1.2M	$2.3M	$29K	—	View 990
2018	$2.1M	$1.2M	$1.8M	$56K	—	View 990
2017	$1.3M	$946K	$858K	$58K	—	View 990
2016	$1.1M	$890K	$475K	$83K	—	View 990
2015	$504K	$619K	$280K	$56K	—	View 990
2014	$1.5M	$1.6M	$400K	$61K	—	View 990
2013	$1.2M	$1.2M	$484K	$35K	—	View 990
2012	$890K	$643K	$370K	$0	—	View 990
2011	$646K	$688K	$123K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.6M, expenses of $1.9M, and assets of $6.9M (revenue -55.9% year-over-year).
2022: Revenue of $3.6M, expenses of $1.5M, and assets of $6.9M (revenue +16.6% year-over-year).
2021: Revenue of $3.1M, expenses of $1.3M, and assets of $5.9M (revenue +27.3% year-over-year).
2020: Revenue of $2.4M, expenses of $1.2M, and assets of $3.5M (revenue +29.7% year-over-year).
2019: Revenue of $1.9M, expenses of $1.2M, and assets of $2.3M (revenue -10.6% year-over-year).
2018: Revenue of $2.1M, expenses of $1.2M, and assets of $1.8M (revenue +54.7% year-over-year).
2017: Revenue of $1.3M, expenses of $946K, and assets of $858K (revenue +27.5% year-over-year).
2016: Revenue of $1.1M, expenses of $890K, and assets of $475K (revenue +109.9% year-over-year).
2015: Revenue of $504K, expenses of $619K, and assets of $280K (revenue -66.8% year-over-year).
2014: Revenue of $1.5M, expenses of $1.6M, and assets of $400K (revenue +23.2% year-over-year).
2013: Revenue of $1.2M, expenses of $1.2M, and assets of $484K (revenue +38.7% year-over-year).
2012: Revenue of $890K, expenses of $643K, and assets of $370K (revenue +37.8% year-over-year).
2011: Revenue of $646K, expenses of $688K, and assets of $123K.

Data Sources and Methodology

This transparency report for Nurturing 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.