Motivate Our Minds Inc

What it reported doing in 2024

With expectations as our foundation, the motivate our minds program provides students with the premier education enrichment program that combines adaptive technologies with intensive direct instruction, provided by highly qualified teachers. In the last three years, we have undertaken a tremendous effort to better document the rate of success students are having in the classroom. To those ends, we have been able to monitor student progress via the muncie community schools parent portal, and we are able to track reading and math proficiency within the star reading and star math programs. Within the first semester of using the star reading and star math programs, our students showed an average gain of more than one whole school year. For the students that enroll, we are able to demostrate clear connections to the math and reading objectives that are being mastered on a daily and quarterly basis. There are other extended-school programs in muncie and Delaware county. While each of these organizations is able to represent a specialized area of expertise, motivate our minds provides a comprehensive collection of benefits to families. Motivate our minds employs certified classroom faculty and provides individualized learning controls, via accelerated math and reading programs. By requiring families to share their student's muncie community schools parent portal login, our faculty are able to manage academic progress in real time which adds another level of individualized attention. The history, facilities, tutor support, and reputation of motivate our minds all contribute to a building culture that is not always seen in other programs around the community and allows the teachers to deliver high quality instruction. We can absolutely replicate and expand success, and poverty does not have to mean low achievement and expectations. A support network is fundamental to student success, and so motivate our minds has developed new collaborations while continuing to nurture our existing partners. Additionally, to support the continued learning of students during summer months, the growing entrepreneurs program was created. Over the course of three academic semesters each year, including the summer, motivate our minds has served an average of 60 students in each session. Over 160 students were served during the last year. Over 90% of motivate our minds' families receive at least some form of tuition assistance, relative to their household income and ability to pay. Our sample size for measurement is not as large as we would like at this point, but we are committed to growing our multiple year retention rates.

Financial Efficiency

• Mission deployment rate: 98.1%; rating input score 98
• Program expense ratio: 56.6%; rating input score 57
• Fundraising efficiency: $7.85 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -72.9%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 1.71; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
• Officer compensation ratio: 13.8%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: 3.4% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: 4% per year; rating input score 100; 47th percentile among comparable filings
• Asset growth: -1.4% per year; rating input score 0; 20th percentile among comparable filings