2023-02-15T15:22:23-06:00 2022-06-30 BDO USA LLP 299 S MAIN ST 10TH FLOOR SALT LAKE CITY UT 84111 990 2021-07-26 872002807 MIND RESEARCH INSTITUTE INC % GERI COHEN MIND 9493458700 5281 CALIFORNIA AVE SUITE 300 IRVINE CA 92617 BRETT WOUDENBERG CEO 9493458700 2023-02-16 true BRETT WOUDENBERG 999009999 Joanna Johnston P01075079 8012691818 2023-02-16 3 2021 2023-03-07 01:45:13Z X X BRETT WOUDENBERG 5281 CALIFORNIA AVE SUITE 300 IRVINE CA 92617 4172778 false X WWW.MINDRESEARCH.ORG X 2021 CA EQUIPPING STUDENTS TO SOLVE THE WORLD'S MOST CHALLENGING PROBLEMS 5 3 0 100 0 0 4172778 0 0 0 0 0 0 0 4172778 0 0 0 0 0 3227429 0 0 787938 0 771250 0 3998679 0 174099 0 3941316 0 3767417 0 173899 X THE MIND RESEARCH INSITUTE, INC (THE "ORGANIZATION"MIND") IS A NONPROFIT TAX-EXEMPT ORGANIZATION WHICH WAS INCORPORATED IN AUGUST 2021. THE ORGANIZATON'S MISSION IS TO ENSURE THAT ALL STUDENTS ARE MATHEMATICALLY EQUIPPED TO SOLVE THE WORLD'S MOST CHALLENGING PROBLEMS THROUGH DEVELOPING AND DEPLOYING MATH INSTRUCTIONAL SOFTWARE AND SYSTEMS. A NON-PROFIT ORGANIZATION, MIND ALSO CONDUCTS BASIC NEUROSCIENTIFIC, MATHEMATICS, AND EDUCATION RESEARCH TO IMPROVE MATH EDUCATION AND ADVANCE SCIENTIFIC UNDERSTANDING. true false 2381747 MIND RESEARCH INSTITUTE, INC. IS A SOCIAL IMPACT ORGANIZATION FOCUSING ON MATH EDUCATION. WE RECEIVE CONTRIBUTIONS FROM OUR VARIOUS DONORS INCLUDING FOUNDATIONS, CORPORATIONS AND INDIVIDUALS, AND ALLOCATE THE GRANTS ON DISTRICTS, SCHOOLS AND HOME-SCHOOLING PROGRAMS. OUR EDUCATION SUCCESS, DATA AND PRODUCT TEAMS ARE FULLY DEDICATED TO ENSURE OUR ST MATH PROGRAM'S IMPACT. 828994 MIND RESEARCH INSTITUTE, INC. IS A SOCIAL IMPACT ORGANIZATION SPECIALIZING IN EDUCATION AND NEUROSCIENCE RESEARCH DEDICATED TO ENSURING THAT ALL STUDENTS ARE MATHEMATICALLY EQUIPPED TO SOLVE THE WORLD'S MOST CHALLENGING PROBLEMS. AT MIND RESEARCH INSTITUTE, INC., WE CONTINUE 25 YEARS OF ENGAGEMENT IN TRAILBLAZING APPLIED RESEARCH IN NEUROSCIENCE, COGNITIVE SCIENCE, INSTRUCTIONAL DESIGN, IMPLEMENTATION SCIENCE, AND PROGRAM EVALUATION. MIND RESEARCH INSTITUTE, INC. ACTIVELY PARTNERS WITH VISIONARY RESEARCH PARTNERS INCLUDING GOVERNMENT GRANT PROGRAMS, UNIVERSITY RESEARCHERS, AND SOCIAL VENTURE PHILANTHROPIES. THE FINDINGS AND BENEFITS ARE APPLICABLE TO THE EDTECH CONTENT MARKET, INCLUDING MIND EDUCATION'S PROGRAMS. 3210741 true true false false false false false false false true false false false false true false true false false false false false false false false false false false false true false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 5 3 false false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X X GERI COHEN 9493458710 5281 CALIFORNIA AVE SUITE 300 IRVINE CA 92617 Brett Woudenberg CEO / Director 1.0 50.0 X X 0 659506 28221 Matthew Peterson DIRECTOR (Until Mar22) 50.0 1.0 X 0 325378 26605 Karin Wu Exec VP/Director (Until Mar22) 50.0 1.0 X 0 246199 6964 Andrew Coulson Chief Data Science Officer 50.0 1.0 X 0 225322 26287 Brian Molitor VP of Social Impact 50.0 0.0 X 0 180737 4758 Michael Sepulveda VP, AXD 50.0 0.0 X 0 158199 17782 Steven Wang Principle Software Architect 50.0 0.0 X 0 139398 25510 Mark Bodner Director 1.0 50.0 X 0 121324 25600 Martin Buschkuhel Director, Education Research 50.0 0.0 X 0 135930 4303 David Koizumi Senior Analyst 50.0 0.0 X 0 124364 7257 Jaime Casap DIRECTOR (Until May22) 1.0 0.0 X 0 0 0 Mary de Wysocki Director 1.0 0.0 X 0 0 0 Ed Fuller Director 1.0 0.0 X 0 0 0 Claudia Kreisle Director 1.0 0.0 X 0 0 0 0 2316357 173287 0 true true false 0 3304270 868508 3304270 4172778 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4172778 0 0 0 0 1229529 1012955 216574 0 1631392 1214409 416983 0 175212 175212 191296 153712 37584 0 7632 6825 807 0 0 0 0 0 6568 6539 29 23646 20821 2825 20992 20572 420 0 28254 27295 959 169375 148398 20977 0 4958 4940 18 0 0 48869 40724 8145 0 OUTSIDE SERVICES 160787 141868 0 18919 BANK FEE 1323 850 0 473 OTHER 177009 113784 0 63225 LOSS ON BAD DEBT 121837 121837 3998679 3210741 0 787938 0 3143327 0 0 0 19395 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 752472 0 26122 0 3941316 0 16633 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3750784 0 3767417 X 0 -694609 0 868508 0 173899 0 3941316 X 174099 -200 X false true X true false X 0 0 0 0 4172778 4172778 0 0 0 0 0 0 4172778 4172778 0 4172778 0 0 0 4172778 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26122 26122 1.00000 true false 0 RELATED PARTY PAYABLE 3750784 3750784 X 746671 746671 3426107 3426107 4172778 3876842 -121837 -121837 3998679 3998679 SCHEDULE D, PART XI, LINE 4B ASSETS TRANSFER FROM MIND EDUCATION 3,304,270 LOSS ON BAD DEBT 121,837 TOTAL 3,426,107 SCHEDULE D, PART V, LINE 4 THE FUNDS ARE IN POSSESSION OF THE ORANGE COUNTY COMMUNITY FOUNDATION AND INVESTED IN FIRST AMERICAN TRUST FSB. THE EARNINGS WILL BE USED TO FUND APPLIED RESEARCH ACTIVITIES. SCHEDULE D, PART X, LINE 2 THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE- LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE CODE"), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS ALSO BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS AN ORGANIZATION THAT IS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XII, LINE 2D LOSS ON BAD DEBT -121,837 X X X X false false false false true false true false false Matthew Peterson DIRECTOR (Until Mar22) 0 265378 60000 5492 21113 0 351983 Brett Woudenberg CEO / Director 0 275866 354640 29000 7108 21113 0 687727 Karin Wu Exec VP/Director (Until Mar22) 0 174099 72100 5978 986 0 253163 Andrew Coulson Chief Data Science Officer 0 179941 45381 6542 19745 0 251609 Brian Molitor VP of Social Impact 0 136737 20000 24000 3981 777 0 185495 Michael Sepulveda VP, AXD 0 143199 15000 4925 12857 0 175981 Steven Wang Principle Software Architect 0 130398 9000 4851 20659 0 164908 SCHEDULE J, PART I, LINE 5B & 6B ALL INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVE INCENTIVE COMPENSATION PAYMENTS, WHICH ARE CONTINGENT ON THE SALES ORDERS. THESE PAYMENTS ARE REFLECTED AS COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(II). X PLEDGES,ENDOWMENT, INTANGIBLE ASSETS-TRANSFERED 1 964651 COST false false false FORM 990, PART VI, SECTION A, LINES 8A AND 8B: THE EXECUTIVE COMMITTEE OF THE BOARD MEETS EIGHT TIMES PER YEAR AND HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINES 11B THE MIND RESEARCH INSTITUTE AUDIT/TAX FIRM AND THE MIND RESEARCH INSTITUTE FINANCE TEAM WORK TOGETHER TO GATHER THE REQUIRED INFORMATION NECESSARY TO COMPLETE THE FORM 990. THE TAX FIRM PREPARES INITIAL DRAFT FORM 990, WHICH IS REVIEWED BY MANAGEMENT AS WELL AS THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. ANY RECOMMENDED CHANGES AND COMMENTS ARE CONSIDERED, AND THE FORM 990 IS UPDATED. AFTER APPROVAL BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD, A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO THE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINES 12A, 12B, 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURES REGARDING ANY POTENTIAL CONFLICTS OF INTERESTS. IN THE CASE A CONFLICT OF INTEREST DOES ARISE, THE INDIVIDUAL IS RECUSED FROM THE DECISION-MAKING PROCESS. ANY CONFLICTS WOULD BE PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR DISCUSSION. FORM 990, PART VI, SECTION B, LINES 15A & 15B THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES SALARIES OF KEY OFFICERS AND EMPLOYEES BASED ON PUBLICLY AVAILABLE MARKET DATA, WHICH IS DOCUMENTED IN THE MEETING MINUTES. KEY OFFICERS AND EMPLOYEES BASED ON PUBLICLY AVAILABLE MARKET DATA, WHICH IS DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINES 19 MIND RESEARCH INSTITUTES FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON ITS WEBSITE WHILE OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 AUDIT DIFFERENCE IN TRANSFER OF ASSETS -200 FORM 990, PART III, LINE 2 THIS IS THE FIRST YEAR OF EXISTENCE FOR MIND RESEARCH INSTITUTE, INC. FORM 990, PART XII, LINE 2C THE MIND RESEARCH INSTITUTE FINANCE TEAM WORK WITH THE AUDIT FIRM TO GATHER THE REQUIRED INFORMATION NECESSARY TO COMPLETE THE AUDIT. THE AUDIT FIRM PREPARES INITIAL DRAFT, WHICH IS REVIEWED BY MANAGEMENT AS WELL AS THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. ANY RECOMMENDED CHANGES AND COMMENTS ARE CONSIDERED, AND THE AUDIT IS UPDATED. AFTER APPROVAL BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD, A COMPLETE COPY OF THE AUDIT IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO THE FINALIZING OF THE AUDIT. MIND EDUCATION 5281 CALIFORNIA AVE SUITE 300 IRVINE CA 92617 330798804 ED. SOFTWARE CA 501(C) (3) 10 NA false false false false false false false false false false false false false false true true false false false true