Wright Minded
Nonprofit profile at a glance
- EIN
- 841993297
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Oakland, CA, USA
- Phone
- 6502246279
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $15,024
- Expenses
- $17,065
- Assets
- $2,886
- Liabilities
- $138
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Michael R Wright (President)
People named in this filing
- Michael R Wright (President)
- Peter Gerfen (Secretary)
- Katherine Archibald (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wright Minded is a Bay Area educational organization that aims to make a positive intervention within an unfair college admissions competition, leveling the playing field for low-income applicants by reducing the gap in advantage income disparities create
What it reported doing in 2024
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.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.3%; rating input score 81
- Program expense ratio: 71.6%; rating input score 72
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -8.2% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: -9.7% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -23.2% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 81.3% of revenue deployed · 71.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $12K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.