Mindful Materials Inc
Nonprofit profile at a glance
- EIN
- 874824812
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Spring City, PA, USA
- Phone
- 6104693292
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $975,015
- Expenses
- $1,006,487
- Assets
- $137,775
- Liabilities
- $700
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ANNA BEVAN (CEO)
Highest reported compensation
- KENNETH BEVAN (CFO): $42,280 total reported compensation
- LINDA SORRENTO (COO): $32,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mindful materials drives the use of regenerative and restorative building products and furthers its mission by:1. Building a free web-based global collaboration hub for peer learning, knowledge and resource sharing, and community engagement2. Supporting wide-scale digitization, adoption, and continuous improvement of the common materials framework (a shared language to define sustainable materials)3. Creating the portal platform of independent third party validated information focused on improving human health and safety and better protecting our shared global environment4. Developing the ecosystem-wide, materials-specific education and events to address sustainability, embodied carbon, and health in the built environment
What it reported doing in 2024
The organization's sole program service consists of the following:1. Expansion of the collaboration hub for peer learning, knowledge & resource sharing and community engagement2. Development of the common materials framework3. Launch of the beta portal4. Expansion of materials specific education & events
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 82
- Accountability: 69
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.3%; rating input score 92
- Program expense ratio: 89.6%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.2%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 7.4%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 31.5% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 21.9% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 48.2% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 92.3% of revenue deployed · 89.6% of spending went to programs
- Governance: 13 of 13 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $902K in reported program spending
- Leadership: top reported pay $42K · 12 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 27/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.