Wright Minded
- Assets
- $630.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 84-1993297
Organization Overview
Wright Minded is located in Oakland, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright Minded 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 12/2022, Wright Minded generated $54.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $58.6k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
1.WRIGHT MINDED PROVIDES FREE SAT PREPARATORY AND COLLEGE COUNSELING SERVICES TO LOW-INCOME STUDENTS, FUNDING THIS PRO BONO WORK BY CHARGING HIGH-INCOME, PAID CLIENTS FOR THESE SAME SERVICES, ACCORDING TO MARKET RATES. THESE SERVICES INCLUDE ONE-ON-ONE TUTORING, OBSERVED PRACTICE TESTS, ACCESS TO PROPRIETARY LEARNING MATERIALS, AND COLLEGE ESSAY ADVISING.2.WRIGHT MINDED LIFTS A VARIETY OF FINANCIAL BURDENS FOR ITS PRO BONO CLIENTS BY PROVIDING RELEVANT SUPPLIES AND PAYING FOR TEST REGISTRATION AND/OR COLLEGE APPLICATION FEES AS NEEDED. 3.WRIGHT MINDED ADVOCATES FOR STUDENTS WHO SEEK TO SECURE ACCOMMODATIONS FOR LEARNING DIFFERENCES FROM THEIR SCHOOLS AND/OR TESTING ORGANIZATIONS.4.WRIGHT MINDED PROVIDES FREE TRAINING IN ITS TEST PREP METHODS TO OTHER EDUCATIONAL ORGANIZATIONS, AND MAINTAINS CONNECTIONS WITH OTHER INDUSTRY PROFESSIONALS, ADVOCATING FOR AN INCREASE IN PRO BONO WORK PERFORMED BY COLLEAGUES AT PAY-BASED ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Wright President | 50 | $0 | |
Peter Gerfen Secretary | 1 | $0 | |
Katherine Archibald Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,550 |
| Total Program Service Revenue | $48,135 |
| Membership dues | $0 |
| Investment income | $227 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,912 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,082 |
| Professional fees and other payments to independent contractors | $2,533 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $93 |
| Other expenses | $5,888 |
| Total expenses | $58,596 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $630 |
| Other assets | $0 |
| Total assets | $630 |
| Total liabilities | $1,658 |
| Net assets or fund balances | -$1,028 |