Indiana · Nonprofit
THE MIND TRUST INC
THE MIND TRUST INC (Indiana) receives grants from 41 organizations whose IRS filings report $92,815,235 to it, the largest being LILLY ENDOWMENT INC ($26,989,565). 25 of them have funded it in more than one year.
- Revenue FY2025
- $58M
- Funders on record
- 41
- Grants received
- $93M
- Net assets
- $54M
What The Mind Trust Inc does
Mission
The mind trust strives to provide every student in indianapolis and beyond with access to an excellent education.
As stated on its FY2025 Form 990.
Programs
The mind trust's indianapolis-based team is passionate about improving education and life outcomes for k-12 students in indianapolis and beyond. The mind trust achieves its goals by executing on work in the following areas: growing great schools: the mind trust has supported the launch of over 50 high-quality public schools in indianapolis. The mind trust continues to support the growth of high-quality public schools through fellowships and investments in schools and networks that have proven results for students. Supporting existing schools: the mind trust manages investments and partnerships to foster collaborative learning, increase student achievement, and ensure operational excellence for a community of more than 60 indianapolis charter and innovation network schools. Engaging the community: great schools are essential for a thriving indianapolis. The mind trust is proud to provide opportunities for people in indianapolis to connect with schools, support students, and advocate to ensure high-quality education for every student. The mind trust's current strategic plan headline goal: by 2027, public school students within the indianapolis public schools (ips) geography will be…
$25,559,115 spentof which $17,388,870 as grants$19,904,178 earned by the program61% of program spendingThe mind trust's team is focused on creating and managing innovative programs. The team has helped develop and manage transformative programs that enhance student learning through partnerships with the indiana department of education, including indiana learns, indy summer learning labs, and expanding what works. These programs play a crucial role in achieving the mind trust's goal of tripling indianapolis student proficiency by 2027. In addition, the mind trust supports indianapolis partners to improve the city's education ecosystem and national partners in the development of other city proof points for education transitions. In fy24, the mind trust managed the indiana learns, indy summer learning labs, and expanding what works programs and supported a national partner in the development of proof points in other geographies.
$16,189,754 spent39% of program spending
The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $41,748,869.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $34M to $59M (+72%).
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.
Government-grant reliance: 2021 2% · 2022 5%. Grants only. Government contracts and fees sit inside program revenue.
62% of THE MIND TRUST INC’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.
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
Brandon Brown
CEO
Board chair
Jim Schumacher
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 6 funders to 18 funders, grant income rose $1.9M → $16M.
7 of 41 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $54M from 2 payers (the payer shares this organization's board, largest City Fund). These are real filings, and they are not money THE MIND TRUST INC raised.
From the IRS filings of THE MIND TRUST INC’s funders (the co-funder graph). Top 30 of 41 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
THE MIND TRUST INC has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
30% 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 THE MIND TRUST INC.
Largest funder’s share by year: 2017 86% · 2018 75% · 2019 75% · 2020 47% · 2021 39% · 2022 40% · 2023 34% — 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 THE MIND TRUST INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
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
55% of THE MIND TRUST INC's grant income comes from Indiana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $21M arriving through sponsors registered in 5 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.
Against its field
THE MIND TRUST INC runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like THE MIND TRUST 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 Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
56%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 6 states
Part of a family of 3 related entities
- Tntp Inc · exempt
- University of Indianapolis · exempt
- Togethered Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for THE MIND TRUST 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.
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 THE MIND TRUST INC?
- THE MIND TRUST INC (Indiana) receives grants from 41 organizations whose IRS filings report $92,815,235 to it, the largest being LILLY ENDOWMENT INC ($26,989,565). 25 of them have funded it in more than one year.
- How many funders does THE MIND TRUST INC have?
- IRS filings report 41 organizations giving $92,815,235 in grants to THE MIND TRUST INC, 25 of which have funded it in more than one year.
- Who is the largest funder of THE MIND TRUST INC?
- LILLY ENDOWMENT INC is the largest funder on record, with $26,989,565 in grants. The full list of funders is on this page.
- How can an organization like THE MIND TRUST INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 41 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 22, 2026. What this page cannot tell you · view filing