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Filing year 2024

THE MIND TRUST INC

Indianapolis, Indiana·EIN 20-4560286·NTEE B052 · Education·501(c)(3)
Total revenue
$57.9M
Total assets
$58.7M
Total expenses
$35.6M
Reported officers
25
Mission

THE MIND TRUST STRIVES TO PROVIDE EVERY STUDENT IN INDIANAPOLIS AND BEYOND WITH ACCESS TO AN EXCELLENT EDUCATION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Indiana.

CEO
Above 90th percentile
$418k
$450k
Base
$363k
Bonus
Other
Benefits
$39k
Executive VP and COO
Above 90th percentile
$310k
$334k
Base
$257k
Bonus
Other
Benefits
$41k
Chief Strategy Officer
Key Employee
75th to 90th percentilevs Education peers nationwide
$270k
$290k
Base
$219k
Bonus
Other
Benefits
$39k
SVP of Finance
Senior Vice President
25th percentile to medianvs Education peers nationwide
$252k
$271k
Base
$201k
Bonus
Other
Benefits
$41k
SVP Leadership & Equity
Senior Vice President
25th percentile to medianvs Education peers nationwide
$238k
$256k
Base
$192k
Bonus
Other
Benefits
$38k
SVP of Schools
Senior Vice President
25th percentile to medianvs Education peers nationwide
$209k
$225k
Base
$183k
Bonus
Other
Benefits
$13k
SVP of Policy
Senior Vice President
25th percentile to medianvs Education peers nationwide
$204k
$220k
Base
$183k
Bonus
Other
Benefits
$13k
Sd of Finance and Operation
Highest Compensated Employee
Median to 75th percentile
$172k
$185k
Base
$126k
Bonus
Other
Benefits
$39k
Sd of Developement
Highest Compensated Employee
Median to 75th percentile
$170k
$183k
Base
$123k
Bonus
Other
Benefits
$41k
Sd Leadership & Dev
Highest Compensated Employee
Median to 75th percentile
$166k
$178k
Base
$133k
Bonus
Other
Benefits
$26k
VP of Community Engagement
Board Vice President
25th percentile to medianvs Education peers nationwide
$156k
$168k
Base
$135k
Bonus
Other
Benefits
$15k
Sd Indiana Learns
Highest Compensated Employee
25th percentile to median
$145k
$156k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE MIND TRUST INC equaled 1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Climbed 10%
over 2 years

From $379k in 2022 to $418k in 2024.

$379k
2022
$412k
2023
$418k
2024
In today's dollarsEst.
Up 4% in real terms$434k to $450k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2022 to 2024, while revenue rose 94%.

$379k in 2022 to $418k in 2024.
  • Key Employee pay rose 7% from 2023 to 2024.
  • Senior Vice President pay rose 19% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE MIND TRUST INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$29.9M
$21.7M
2022
$49.3M
$43.5M
2023
$57.9M
$35.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Indiana

Comparable education organizations in Indiana pay their highest-earning executive a median of $76,362.

25th percentile
$23k
Median
$76,362
75th percentile
$153k
90th percentile
$248k

These are education sector-wide figures, not this organization's reported pay. Based on 531 organizations across 531 filings (2022 – 2024).

See full Education pay data for Indiana
FAQ

Common questions about THE MIND TRUST INC

What does the Chief Executive Officer of THE MIND TRUST INC earn?

In 2024, the Chief Executive Officer of THE MIND TRUST INC received $417,980 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Indiana: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE MIND TRUST INC compare with similar nonprofits?

Compared with the same role at Education organizations in Indiana, the 2024 pay of the Chief Executive Officer at THE MIND TRUST INC falls in the top 10%. In 2024, the highest total compensation at THE MIND TRUST INC equaled 1% of the organization's total expenses. The median for education organizations is 7%.

What are THE MIND TRUST INC's revenue and expenses?

In 2024, THE MIND TRUST INC reported $57.9M in total revenue and $35.6M in total expenses on its IRS Form 990.

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