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California · Nonprofit

MINDS MATTER OF BAY AREA INC

MINDS MATTER OF BAY AREA INC (California) receives grants from 35 organizations whose IRS filings report $2,289,897 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($1,019,754). 21 of them have funded it in more than one year, and 62% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$1.4M
Funders on record
35
Grants received
$2.3M
Net assets
$2.6M
21/35 repeat funderspeak grant-dependency 54%
01What it does

What Minds Matter of Bay Area Inc does

Mission

Minds matter bay area (mmbay) is an education nonprofit that connects driven and determined students from low-income families with the people, preparation, and possibilities to succeed in college, create their future, and change the world.we guide driven yet underserved students to graduate from the nation's most selective colleges.

As stated on its FY2025 Form 990.

Program

  1. Sophomore program: to provide each mentee with educational opportunities and mentoring to prepare them for applying and gaining acceptance into a four-year university. The organization funded the cost of summer study programs for students which included tuition and travel expenses for low income high school sophomores.junior program: to provide each mentee with educational opportunities and mentoring to prepare them for applying and gaining acceptance into a four-year university. The organization funded the cost of summer study programs for students which included tuition and travel expenses for low income high school juniors.senior program is dedicated to supporting students through the college application process, which includes academic elements of the sophomore and junior programs as well as workshops on financial aid and scholarships.the organization received donated services from a variety of unpaid volunteers to assist programs or provide administrative assistance. The estimated hours of services provided by unpaid volunteers for the year ended june 30, 2022 totaled 40,188 and the estimated value was approximately $1,429,000.

    $815,969 spentof which $180,896 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $815,969.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($332k) Expenses 100 ($273k) Net assets 100 ($437k)2018 Revenue 106 ($351k) Expenses 109 ($297k) Net assets 120 ($526k)2019 Revenue 71 ($237k) Expenses 140 ($382k) Net assets 87 ($380k)2020 Revenue 163 ($542k) Expenses 109 ($299k) Net assets 143 ($624k)2021 Revenue 245 ($814k) Expenses 131 ($357k) Net assets 247 ($1.1M)2022 Revenue 296 ($983k) Expenses 195 ($532k) Net assets 351 ($1.5M)2023 Revenue 353 ($1.2M) Expenses 247 ($676k) Net assets 430 ($1.9M)2024 Revenue 403 ($1.3M) Expenses 314 ($857k) Net assets 539 ($2.4M)2025 Revenue 426 ($1.4M) Expenses 427 ($1.2M) Net assets 595 ($2.6M)
'17'18'19'20'21'22'23'24'25
Revenue (426)Expenses (427)Net assets (595)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.9M to $2.4M (+27%).

$441k
$554k
$391k
$657k
$1.1M
$1.6M
$1.9M
$2.4M
$2.7M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 3%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$58k
’17
$55k
’18
−$145k
’19
$243k
’20
$457k
’21
$451k
’22
$496k
’23
$477k
’24
$244k
’25
26
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Irene Shih

CEO

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2018 and FY2019 filings.

'17'18'19'20'21'22'23'24'25
Listed1011911911121314
Joined·+1+1+3+1+5+1+3+1
No longer listed·03133020
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 5 funders to 13 funders, grant income rose $26k → $461k.

13 of 35 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 62% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MINDS MATTER OF BAY AREA INC’s funders (the co-funder graph). Top 30 of 35 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MINDS MATTER OF BAY AREA INC leans on a few funders — its largest provides 45% of grant income and the top three 71%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

65% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MINDS MATTER OF BAY AREA INC.

45%
largest funder
71%
top three
~4
effective funders

Largest funder’s share by year: 2017 41% · 2018 31% · 2019 28% · 2020 72% · 2021 73% · 2022 37% · 2023 52% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

18% of MINDS MATTER OF BAY AREA INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

62% of MINDS MATTER OF BAY AREA INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $860k that is directly attributable, 71% of it comes from funders outside California, across 7 states.

MN
NY
NJ
CA
MD
DE
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
California out of state home

Funder states come from each funder’s own filing. $1.4M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like MINDS MATTER OF BAY AREA INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

70% of spending goes to programs.

Program 70%Management 13%Fundraising 18%

Governance

10
board members
90%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

77%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

CA

Part of a family of 1 related entity

  • Minds Matter Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MINDS MATTER OF BAY AREA INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MINDS MATTER OF BAY AREA INC?
MINDS MATTER OF BAY AREA INC (California) receives grants from 35 organizations whose IRS filings report $2,289,897 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($1,019,754). 21 of them have funded it in more than one year, and 62% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does MINDS MATTER OF BAY AREA INC have?
IRS filings report 35 organizations giving $2,289,897 in grants to MINDS MATTER OF BAY AREA INC, 21 of which have funded it in more than one year.
Who is the largest funder of MINDS MATTER OF BAY AREA INC?
AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $1,019,754 in grants. The full list of funders is on this page.
How can an organization like MINDS MATTER OF BAY AREA INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Minds Matter of Bay Area →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 35 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing