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
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Nurturing Minds Inc is mapped to EIN 208870624.
IRS BMF exempt record needs review
Open IRS TEOS or BMF source before relying on exemption status.
IRS Pub 78 deductibility needs review
Pub 78 eligibility should be verified in IRS TEOS before money changes hands.
IRS automatic revocation needs review
Check the official auto-revocation bulk source or cached evidence before relying on current exemption.
IRS Form 990 index verified
13 stored filing years available.
Raw 990 source linked
Open ProPublica to verify the raw filing record and PDFs.
Filing depth verified
13 stored filing years available.
State charity registration manual confirmation
Open MA charity regulator via NASCO; the workflow stops for human confirmation unless a stable source is cached.
Candid / GuideStar profile api pending
Candid API access is not configured; open manually and do not count as verified evidence.
Charity Navigator rating api pending
Charity Navigator API access is not configured; open manually and do not count as verified evidence.
Source and Resolution Links
Finish the Investigation Outside Our Dataset
When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.
IRS tax-exempt lookup
Verify exemption status and deductibility directly with the IRS.
IRS bulk evidence downloads
Check Pub 78, automatic revocation, 990-N, and Form 990 bulk evidence sources.
IRS EO BMF extract
Open the official Business Master File extract source for tax-exempt organization records.
ProPublica 990 source
Open the raw filing record and filing PDFs outside NonprofitSpending.
MA charity regulator via NASCO
Confirm state charity registration or solicitation status where applicable.
Candid profile search
Look for GuideStar/Candid profile details, programs, leadership, and seals.
Charity Navigator search
Check whether another evaluator has ratings or impact context.
Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Verify official evidence Runnable
Triggered by: IRS Pub 78, BMF, revocation, 990 index, state registration
Official-source evidence matrix with human stops where a state portal must be checked.
Find source filings Runnable
Triggered by: 990 PDF, annual report, filing record
13 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
85% program spend, health grade B
Compare alternatives Runnable
Triggered by: best charities, similar nonprofits, compare
4 peer options surfaced
Resolve leadership and board Runnable
Triggered by: executive team, trustees, officer pay
Use 990 compensation disclosures and external profile links.
Donation decision copilot Runnable
Triggered by: should I donate, give or compare, charity safety
Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
Triggered by: foundation review, grant risk, grantee capacity
Foundation-style packet across filings, finances, governance, and gaps.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
Separate actual impact evidence from raw 990 financial cleanliness.
Room for more funding Runnable
Triggered by: would my donation help, funding gap, marginal impact
Revenue trend, runway, surplus/deficit, and source follow-ups.
Operator transparency diagnostic Runnable
Triggered by: how does my nonprofit look to donors
Profile, filing, impact, and transparency improvements to earn trust.
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| Net Assets | $6.9M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Nurturing Minds Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Nurturing Minds Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Nurturing Minds Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.6M and expenses of $1.9M.
Revenue and Expenses
Nurturing Minds Inc reported $1.6M in revenue and $1.9M in expenses, a deficit of $334K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Nurturing Minds Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.6M (85%) |
Across stored filings, Nurturing Minds Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
All Education
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Newtonville, MA nonprofitsEducation in Massachusetts
Education in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Education spending
Best Education charities in Massachusetts
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
North American Marine Alliance Inc
Gloucester, MA · $2.7M revenue · Score 95/100
Compare side-by-sideSharing Foundation
Concord, MA · $1.2M revenue · Score 95/100
Compare side-by-sideMarthas Vineyard Community Television Inc
Vineyard Hvn, MA · $877K revenue · Score 95/100
Compare side-by-sideGrowing Places Garden Project Inc
Leominster, MA · $2.1M revenue · Score 90/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Nurturing Minds Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Nurturing Minds Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Nurturing Minds Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-334,033 |
| Total Assets | $6.9M |
| Total Liabilities | $21K |
| Net Assets | $6.9M |
| Operating Margin | -21.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 43.0 months |
Financial Health Grade: B
In 2023, Nurturing Minds Inc reported a deficit of $334K with expenses exceeding revenue, holds 43.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nurturing Minds Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.9% | +24.3% | +0.1% |
| 2022 | +16.6% | +19.5% | +16.5% |
| 2021 | +27.3% | +9.4% | +68.3% |
| 2020 | +29.7% | -3.4% | +50.2% |
| 2019 | -10.6% | +2.7% | +33.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $334K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
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 legitimate charity?
Nurturing Minds Inc (EIN: 208870624) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Nurturing Minds Inc spend its money?
Nurturing Minds Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nurturing Minds Inc tax-deductible?
Nurturing Minds Inc is registered as a tax-exempt nonprofit (EIN: 208870624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nurturing Minds Inc's spending goes to programs?
Nurturing Minds Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nurturing Minds Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Nurturing Minds Inc is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nurturing Minds Inc located?
Nurturing Minds Inc is headquartered in Newtonville, Massachusetts and files with the IRS under EIN 208870624. It is classified under NTEE code B12.
How many years of IRS 990 filings does Nurturing Minds Inc have?
Nurturing 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 $5.2M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nurturing Minds Inc:
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.