Nonprofit · EIN 51-0494632
MINDS MATTER
Also known as MINDS MATTER BOSTON INC
Tax-exempt · BOSTON, MA 02205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,344,875 | $1,756,978 | -$412,103 | $2,589,082 | $106,178 | $2,482,904 |
| June 30, 2024 | 990 | $1,532,128 | $1,555,111 | -$22,983 | $2,890,402 | $75,395 | $2,815,007 |
| June 30, 2023 | 990 | $1,932,467 | $1,217,973 | $714,494 | $2,864,397 | $26,407 | $2,837,990 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,315,738
- Program service revenue
- $0
- Investment income
- $29,137
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $179,048
- Compensation of officers, directors and key employees
- $176,015
- Other salaries and wages
- $740,459
- Salaries, compensation and benefits (total)
- $1,071,959
- Professional fundraising fees
- $0
- Accounting fees
- $15,211
- Travel
- $11,256
- Program services (functional)
- $1,340,344
- Management and general (functional)
- $193,047
- Fundraising (functional)
- $223,587
Balance sheet and other
- Total assets, start of year
- $2,890,402
- Total assets, end of year
- $2,589,082
- Total liabilities, end of year
- $106,178
- Net assets, end of year
- $2,482,904
- Net assets without donor restrictions
- $2,107,904
- Net assets with donor restrictions
- $375,000
- Gross receipts
- $1,441,668
- Employees
- 15
- Volunteers
- 14
- Year formed
- 2003
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREGORY CHERY | EXECUTIVE DIRECTOR Officer | 40 | $143,980 | $26,333 |
| MEREDITH TRAQUINA | DIR OF DEVELOPMENT Highest-paid employee | 40 | $143,097 | $19,511 |
| LINDSEY ALVES | SENIOR DIR OF PROGRAMS Highest-paid employee | 40 | $106,274 | $24,610 |
| PETER ALVAREZ | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| MICHAEL PUGATCH | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| MELISSA YOUNGER | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| MEAGHAN MAHONEY | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| ANGELA JOHNSON | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| BETHANY ROSSI | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| AVERY ZUCK | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| TRINH LE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MAURICIO SANCHEZ | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JOSHUA GRIFFIN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JESS LEE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| STEPHEN YIH | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JALLICIA JOLLY | DIRECTOR Trustee or director | 2.5 | $0 |
| BRENDAN SMITH | DIRECTOR Trustee or director | 2.5 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL KANTER | EXECUTIVE DIR. (THROUGH 6/23) Officer | 40 | $84,861 |
| GREGORY CHERY | EXECUTIVE DIR. (STARTED 6/5/23) Officer | 40 | $81,138 |
| PETER ALVAREZ | CHAIR Trustee or director, Officer | 2.5 | $0 |
| JOE FANNING | TREASURER Trustee or director, Officer | 2.5 | $0 |
| MELISSA YOUNGER | SECRETARY Trustee or director, Officer | 2.5 | $0 |
| MEAGHAN MAHONEY | DIRECTOR Trustee or director | 2.5 | $0 |
| ANGELA JOHNSON | DIRECTOR Trustee or director | 2.5 | $0 |
| MIKE FARRELL | DIRECTOR Trustee or director | 2.5 | $0 |
| KEVIN FUDGE | DIRECTOR Trustee or director | 2.5 | $0 |
| BETHANY ROSSI | DIRECTOR Trustee or director | 2.5 | $0 |
| MICHAEL PUGATCH | DIRECTOR Trustee or director | 2.5 | $0 |
| HENRIETTE RECNY | DIRECTOR Trustee or director | 2.5 | $0 |
| AVERY ZUCK | DIRECTOR Trustee or director | 2.5 | $0 |
| TRINH LE | DIRECTOR Trustee or director | 2.5 | $0 |
| MAURICIO SANCHEZ | DIRECTOR Trustee or director | 2.5 | $0 |
| JOSHUA GRIFFIN | DIRECTOR Trustee or director | 2.5 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL KANTER | EXECUTIVE DIR. Officer | 40 | $122,500 |
| MEAGHAN MAHONEY | CO-CHAIR Trustee or director, Officer | 2.5 | $0 |
| JOE FANNING | TREASURER Trustee or director, Officer | 2.5 | $0 |
| E PETER ALVAREZ | SECRETARY Trustee or director, Officer | 2.5 | $0 |
| PENNY WEEKS | VICE CHAIR (FORMER) Trustee or director, Officer | 2.5 | $0 |
| ANGELA JOHNSON | DIRECTOR Trustee or director | 2.5 | $0 |
| MIKE FARRELL | DIRECTOR Trustee or director | 2.5 | $0 |
| KEVIN FUDGE | DIRECTOR Trustee or director | 2.5 | $0 |
| BETHANY ROSSI | DIRECTOR Trustee or director | 2.5 | $0 |
| MICHAEL PUGATCH | DIRECTOR Trustee or director | 2.5 | $0 |
| HENRIETTE RECNY | DIRECTOR Trustee or director | 2.5 | $0 |
| MELISSA YOUNGER | DIRECTOR Trustee or director | 2.5 | $0 |
| AVERY ZUCK | DIRECTOR Trustee or director | 2.5 | $0 |
| TRINH LE | DIRECTOR Trustee or director | 2.5 | $0 |
| MAURICIO SANCHEZ | DIRECTOR Trustee or director | 2.5 | $0 |
| JOSHUA GRIFFIN | DIRECTOR Trustee or director | 2.5 | $0 |
| STEVE CARDILLO | DIRECTOR (FORMER) Trustee or director | 2.5 | $0 |
| NATE OTT | DIRECTOR (FORMER) Trustee or director | 2.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 51066, BOSTON, MA 02205-1066
- In care of
- % RACHEL KANTER
- Principal officer (990 for 2024)
- GREGORY CHERY, PO BOX 51066, BOSTON, MA 02205
- Signed the 990
- GREGORY CHERY, EXECUTIVE DIRECTOR
- Phone
- (617) 348-3712
- Website
- WWW.MINDSMATTERBOSTON.ORG
- Return prepared by
- SAX ADVISORS LLC
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.
Program accomplishments
- 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.Expenses $1,340,344 · grants $178,147
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0494632
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Group exemption
- 4358: MINDS MATTER NATIONAL INC
- Assets (IRS master file)
- $2,589,082
- Income (IRS master file)
- $1,441,668
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,344,875 | $1,756,978 | $2,589,082 | IRS |
| 990 | June 2024 | $1,532,128 | $1,555,111 | $2,890,402 | XML |
| 990 | June 2023 | $1,932,467 | $1,217,973 | $2,864,397 | XML |
| 990 | June 2022 | $1,424,440 | $838,307 | $2,265,291 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0494632).
Questions about MINDS MATTER
- What is the EIN of MINDS MATTER?
- The employer identification number (EIN) of MINDS MATTER is 51-0494632.
- Is MINDS MATTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Which annual return does MINDS MATTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINDS MATTER due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINDS MATTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MINDS MATTER?
- The 990 for the year ended June 30, 2025 names GREGORY CHERY.
- Who are the officers and directors of MINDS MATTER?
- The 990 for the year ended June 30, 2025 lists 17 people; 3 received compensation from the organization, the highest $143,980 (GREGORY CHERY, EXECUTIVE DIRECTOR).
- How much revenue does MINDS MATTER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,344,875, expenses of $1,756,978 and total assets of $2,589,082 at year end.
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All nonprofits in BOSTON · Massachusetts · Youth development