Nonprofit · EIN 20-4560286
THE MIND TRUST INC
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $57,932,587 | $35,611,037 | $22,321,550 | $58,731,314 | $4,295,653 | $54,435,661 |
| June 30, 2024 | 990 | $49,302,138 | $43,542,749 | $5,759,389 | $34,049,326 | $2,642,074 | $31,407,252 |
| June 30, 2023 | 990 | $29,881,369 | $21,711,220 | $8,170,149 | $26,440,445 | $1,244,620 | $25,195,825 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $35,689,333
- Program service revenue
- $21,135,996
- Investment income
- $1,152,619
- Net gain from sales of assets
- $35,008
- Net income from fundraising events
- -$50,198
- Other revenue
- -$45,361
Expenses
- Grants and similar amounts paid
- $26,415,087
- Compensation of officers, directors and key employees
- $1,895,213
- Other salaries and wages
- $3,274,680
- Salaries, compensation and benefits (total)
- $6,247,424
- Professional fundraising fees
- $0
- Legal fees
- $32,940
- Accounting fees
- $72,638
- Occupancy
- $201,645
- Travel
- $284,651
- Depreciation
- $4,822
- Program services (functional)
- $33,563,469
- Management and general (functional)
- $1,523,740
- Fundraising (functional)
- $523,828
Balance sheet and other
- Total assets, start of year
- $34,049,326
- Total assets, end of year
- $58,731,314
- Total liabilities, end of year
- $4,295,653
- Net assets, end of year
- $54,435,661
- Publicly traded securities
- $23,475,200
- Net assets without donor restrictions
- $19,234,027
- Net assets with donor restrictions
- $35,201,634
- Gross receipts
- $57,982,785
- Employees
- 43
- Volunteers
- 10
- Year formed
- 2006
- State of legal domicile
- IN
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 |
|---|---|---|---|---|
| BRANDON BROWN | CEO Officer | 40 | $363,128 | $54,852 |
| LESLIE SHEGOG | EXECUTIVE VP AND COO Key employee | 40 | $257,084 | $53,383 |
| KRISTIN GRIMME | CHIEF STRATEGY OFFICER Key employee | 40 | $219,436 | $50,457 |
| CORRIE LAPP | SVP OF FINANCE Officer | 40 | $200,639 | $51,337 |
| PATRICK JONES | SVP LEADERSHIP & EQUITY Key employee | 40 | $191,784 | $46,239 |
| KELLI MARSHALL | SVP OF SCHOOLS Key employee | 40 | $183,202 | $25,662 |
| KIMBERLY PRESTON | SVP OF POLICY Key employee | 40 | $182,540 | $21,728 |
| MADELINE POULAKIDAS | SD OF FINANCE AND OPERATION Highest-paid employee | 40 | $126,343 | $45,792 |
| STACY HELMUTH | SD OF DEVELOPEMENT Highest-paid employee | 40 | $122,568 | $47,649 |
| LUKE LENNON | SD LEADERSHIP & DEV Highest-paid employee | 40 | $133,330 | $32,385 |
| LAUREN PETERSON | VP OF COMMUNITY ENGAGEMENT Highest-paid employee | 40 | $134,709 | $21,448 |
| SEANA MURPHY | SD INDIANA LEARNS Highest-paid employee | 40 | $140,469 | $4,200 |
| JIM SCHUMACHER | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| ANN MURTLOW | BOARD TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| STEVEN JONES | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY BYRNES | DIRECTOR Trustee or director | 0.25 | $0 |
| MIRIAM ACEVEDO DAVIS | DIRECTOR Trustee or director | 0.25 | $0 |
| NAEHA DEAN | DIRECTOR Trustee or director | 0.25 | $0 |
| DAVID HARRIS | DIRECTOR Trustee or director | 0.25 | $0 |
| REBECCA KUBACKI | DIRECTOR Trustee or director | 0.25 | $0 |
| MAGGIE LEWIS | DIRECTOR Trustee or director | 0.25 | $0 |
| MARK MILES | DIRECTOR Trustee or director | 0.25 | $0 |
| JANE PAULEY | DIRECTOR Trustee or director | 0.25 | $0 |
| DAVID SHANE | DIRECTOR Trustee or director | 0.25 | $0 |
| BILL SHREWSBERRY | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON BROWN | CEO Officer | 40 | $353,441 | $59,049 |
| LESLIE SHEGOG | EXECUTIVE VP AND COO Key employee | 40 | $238,858 | $54,412 |
| KRISTIN GRIMME | CHIEF STRATEGY OFFICER Key employee | 40 | $199,199 | $53,873 |
| CORRIE LAPP | SVP OF FINANCE Key employee | 40 | $186,196 | $55,239 |
| PATRICK JONES | SVP LEADRSHIP Key employee | 40 | $181,418 | $49,832 |
| KELLI MARSHALL | SVP OF SCHOOLS Key employee | 40 | $170,027 | $17,847 |
| PORSCHE CHISLEY | VP OF EXPANDED IMPACT Highest-paid employee | 40 | $121,518 | $44,835 |
| LUKE LENNON | SD LEADERSHIP & DEV Highest-paid employee | 40 | $129,837 | $35,189 |
| JEREMY SMITH | SD OF CORPORATE & INDIVIDUAL GIVING Highest-paid employee | 40 | $114,429 | $49,179 |
| SEANA MURPHY | SD INDIANA LEARNS Highest-paid employee | 40 | $141,444 | $17,829 |
| LAUREN PETERSON | VP OF COMMUNITY ENGAGEMENT Highest-paid employee | 40 | $130,374 | $23,118 |
| JIM SCHUMACHER | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| ANN MURTLOW | BOARD TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| STEVEN JONES | DIRECTOR Trustee or director, Officer | 0.25 | $0 | $0 |
| GARY BORDEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| TEQUILLA BROWNIE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RODNEY BYRNES | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MIRIAM ACEVEDO DAVIS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| NAEHA DEAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID HARRIS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MAGGIE LEWIS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MARK MILES | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JANE PAULEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LEIGH ANN PUSEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID SHANE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BILL SHREWSBERRY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDON BROWN | CEO Key employee | 40 | $329,925 | $48,928 |
| LESLIE SHEGOG | EXECUTIVE VP Highest-paid employee | 40 | $218,655 | $45,829 |
| CORRIE LAPP | SVP OF FINAN Highest-paid employee | 40 | $167,872 | $43,289 |
| PATRICK JONES | SVP LDRSHP & Highest-paid employee | 40 | $168,981 | $41,291 |
| KRISTIN GRIMME | SVP STRATEGY Highest-paid employee | 40 | $153,689 | $42,550 |
| KELLI MARSHALL | SVP OF SCHOO Highest-paid employee | 40 | $162,161 | $15,264 |
| JIM SCHUMACHER | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| ANN MURTLOW | BOARD TREASU Trustee or director, Officer | 0.5 | $0 | $0 |
| MIRIAM ACEVEDO DAVIS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID HARRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TEQUILLA BROWNIE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| STEVEN JONES | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MAGGIE A LEWIS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LEIGH ANN PUSEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID SHANE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BILL SHREWSBERRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GARY BORDEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SAMUEL ODLE | DIRECTOR Officer | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1630 N MERIDIAN ST STE 450, INDIANAPOLIS, IN 46202-1437
- In care of
- % DAVID E HARRIS
- Principal officer (990 for 2024)
- BRANDON BROWN, 1630 N MERIDIAN ST 450, INDIANAPOLIS, IN 46202
- Signed the 990
- BRANDON BROWN, CEO
- Phone
- (317) 822-8102
- Website
- WWW.THEMINDTRUST.ORG
- Return prepared by
- DONOVAN PC
Mission
THE MIND TRUST STRIVES TO PROVIDE EVERY STUDENT IN INDIANAPOLIS AND BEYOND WITH ACCESS TO AN EXCELLENT EDUCATION.
Program accomplishments
- 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 OUR CITY TO CONNECT WITH SCHOOLS, SUPPORT STUDENTS, AND ADVOCATE TO ENSURE HIGH-QUALITY EDUCATION FOR EVERY STUDENT.Expenses $13,828,298 · grants $10,844,794
- THE MIND TRUST'S TEAM IS FOCUSED ON CREATING AND MANAGING INNOVATIVE PROGRAMS. THE MIND TRUST 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. 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 FY25, THE MIND TRUST MANAGED THE INDIANA LEARNS, INDY SUMMER LEARNING LABS, AND EXPANDING WHAT WORKS PROGRAMS AND SUPPORTED A NATIONAL PARTNER TO DESIGN AND FACILITATE THE NORTH STAR FELLOWSHIP IN CONNECTICUT AS A STRATEGY TO MEET THE NEED FOR MORE HIGH-QUALITY PUBLIC SCHOOL OPTIONS IN CONNECTICUT.Expenses $19,735,171 · grants $15,570,293 · revenue $21,140,833
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
- 20-4560286
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B052)
- Assets (IRS master file)
- $58,731,314
- Income (IRS master file)
- $57,982,785
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $57,932,587 | $35,611,037 | $58,731,314 | XML |
| 990 | June 2024 | $49,302,138 | $43,542,749 | $34,049,326 | XML |
| 990 | June 2023 | $29,881,369 | $21,711,220 | $26,440,445 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 20-4560286).
Questions about THE MIND TRUST INC
- What is the EIN of THE MIND TRUST INC?
- The employer identification number (EIN) of THE MIND TRUST INC is 20-4560286.
- Is THE MIND TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to THE MIND TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MIND TRUST INC 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 THE MIND TRUST INC 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 THE MIND TRUST INC 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 THE MIND TRUST INC?
- The 990 for the year ended June 30, 2025 names BRANDON BROWN.
- Who are the officers and directors of THE MIND TRUST INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 12 received compensation from the organization, the highest $363,128 (BRANDON BROWN, CEO).
- How much revenue does THE MIND TRUST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $57,932,587, expenses of $35,611,037 and total assets of $58,731,314 at year end.
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