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Massachusetts · Nonprofit

MINDS MATTER OF BOSTON INC

MINDS MATTER OF BOSTON INC (Massachusetts) receives grants from 59 organizations whose IRS filings report $3,464,642 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($506,213). 33 of them have funded it in more than one year.

Revenue FY2025
$1.3M
Funders on record
59
Grants received
$3.5M
Net assets
$2.5M
33/59 repeat fundersgrants exceed reported revenue in one year
01What it does

What Minds Matter of Boston Inc does

Mission

Minds matter 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.

As stated on its FY2025 Form 990.

Program

  1. 100% of minds matter boston seniors gained admission to a four-year college. Seniors were also awarded $3 million in first-year financial aid for college, covering 88% of their financial need. Approximately 97% of our alumni are still enrolled or have graduated from a four-year college. Mmb has also provided over 732,000 hours of direct out-of-school programming to our students.

    $1,340,344 spentof which $178,147 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $1,340,344.

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. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($462k) Expenses 100 ($289k) Net assets 100 ($454k)2018 Revenue 121 ($557k) Expenses 125 ($361k) Net assets 143 ($650k)2019 Revenue 154 ($713k) Expenses 162 ($468k) Net assets 201 ($912k)2020 Revenue 136 ($631k) Expenses 147 ($426k) Net assets 246 ($1.1M)2021 Revenue 213 ($984k) Expenses 195 ($564k) Net assets 339 ($1.5M)2022 Revenue 308 ($1.4M) Expenses 290 ($838k) Net assets 468 ($2.1M)2023 Revenue 418 ($1.9M) Expenses 422 ($1.2M) Net assets 626 ($2.8M)2024 Revenue 331 ($1.5M) Expenses 538 ($1.6M) Net assets 620 ($2.8M)2025 Revenue 291 ($1.3M) Expenses 608 ($1.8M) Net assets 547 ($2.5M)
'17'18'19'20'21'22'23'24'25
Revenue (291)Expenses (608)Net assets (547)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $2.3M to $2.9M (+26%).

$466k
$661k
$941k
$1.2M
$1.7M
$2.3M
$2.9M
$2.9M
$2.6M
'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 4% · 2022 4%. Grants only. Government contracts and fees sit inside program revenue.

98% of MINDS MATTER OF BOSTON INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (82% for the typical peer).

This organization
Typical peer · 2,035 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$173k
’17
$196k
’18
$245k
’19
$205k
’20
$420k
’21
$586k
’22
$714k
’23
−$23k
’24
−$412k
’25
16
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

Gregory Chery

Executive director

Board chair

Peter Alvarez

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed91112101313181617
Joined·+3+1+1+5+6+5+2+6
No longer listed·10326045
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 7 funders to 24 funders, grant income rose $141k → $575k.

16 of 59 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% 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 BOSTON INC’s funders (the co-funder graph). Top 30 of 59 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 BOSTON INC has a broad base — no single funder exceeds 15% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

64% 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 BOSTON INC.

15%
largest funder
40%
top three
~13
effective funders

Largest funder’s share by year: 2017 50% · 2018 36% · 2019 38% · 2020 49% · 2021 35% · 2022 21% · 2023 17% — diversifying over time.

“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

50% of MINDS MATTER OF BOSTON INC's funders are still giving 3 years after their first grant; 56% 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

70% of MINDS MATTER OF BOSTON INC's grant income comes from Massachusetts funders.

ME
MN
NY
MA
OR
IN
OH
PA
NJ
RI
CA
DE
NC
FL

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

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

Funder states come from each funder’s own filing. $1.5M arriving through sponsors registered in 10 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

Against its field

MINDS MATTER OF BOSTON INC holds deeper cash reserves than three-quarters of the 1,064 youth development nonprofits its size.

Operating margin−31% · bottom quartile
Months of reserve15.9mo · top quartile
Revenue growth (annualized)14% · above the median

this organization peer median middle 50% of peers· 1,064 youth development nonprofits $1M–$10M, FY2025

Organizations like MINDS MATTER OF BOSTON 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 Massachusetts

Nationally

05Profile & governance

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

Where the money goes

76% of spending goes to programs.

Program 76%Management 11%Fundraising 13%

Governance

14
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

91%

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

Footprint & structure

Files a return copy in 1 state

MA

Part of a family of 1 related entity

  • Minds Matter National Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MINDS MATTER OF BOSTON 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 BOSTON INC?
MINDS MATTER OF BOSTON INC (Massachusetts) receives grants from 59 organizations whose IRS filings report $3,464,642 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($506,213). 33 of them have funded it in more than one year.
How many funders does MINDS MATTER OF BOSTON INC have?
IRS filings report 59 organizations giving $3,464,642 in grants to MINDS MATTER OF BOSTON INC, 33 of which have funded it in more than one year.
Who is the largest funder of MINDS MATTER OF BOSTON INC?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $506,213 in grants. The full list of funders is on this page.
How can an organization like MINDS MATTER OF BOSTON INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. 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 Boston →

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 59 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