Marshmallow Minds
- Assets
- $196.4k
- Revenue
- $324.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Sunnyvale, CA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 81-1842345
Organization Overview
Marshmallow Minds is located in Sunnyvale, CA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Marshmallow Minds employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshmallow Minds is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Marshmallow Minds generated $324.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $193.6k during the year ending 12/2023. While expenses have increased by 32.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IGNITE A LIFELONG LOVE OF LEARNING THROUGH ENGAGING STEAM EDUCATION. WE SUPPORT EDUCATORS TO TRANSFORM STUDENT OUTCOMES BY OFFERING HIGH-QUALITY TURN-KEY STANDARDS-ALIGNED STEAM LESSONS PROVIDING ENGAGING STEAM EXPERIENCES IN-SCHOOL AND DURING AFTER-SCHOOL AND SUMMER PROGRAMS UP-SKILLING TEACHERS TO FOSTER CREATIVITY GROWTH MINDSET PROBLEM-SOLVING AND CRITICAL THINKING IN THEIR STUDENTS AND HOSTING AN ONLINE COMMUNITY OF PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE OUTREACH IN-SCHOOL PROGRAM: MARSHMALLOW MINDS PARTNERS WITH TITLE-1 SCHOOLS THAT SERVE CHILDREN FROM UNDER-RESOURCED COMMUNITIES AND OFFERS FREE IN-SCHOOL STEAM EDUCATION SERVICES.
AFTER-SCHOOL AND SUMMER FEE-BASED PROGRAM: MARSHMALLOW MINDS PARTNERS WITH TITLE-1 SCHOOLS AND OFFERS AFTER-SCHOOL AND SUMMER STEAM EDUCATION SERVICES FOR A FEE.
FEE-BASED IN-SCHOOL PROGRAM: MARSHMALLOW MINDS PARTNERS WITH NON-TITLE-1 SCHOOLS AND OFFERS IN-SCHOOL STEAM EDUCATION SERVICES FOR A FEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Of Director | Trustee | 1 | $0 |
Name Not Listed Board Of Director | Trustee | 1 | $0 |
Name Not Listed CEO | Officer | 25 | $64,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,207 |
| Total Program Service Revenue | $64,112 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,249 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,992 |
| Fees for services: Management | $8,017 |
| Fees for services: Legal | $299 |
| Fees for services: Accounting | $152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,400 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,467 |
| Office expenses | $1,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,762 |
| All other expenses | $0 |
| Total functional expenses | $193,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $430 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,422 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $130,765 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $65,657 |
| Total liabilities and net assets/fund balances | $196,422 |