Civic Intelligence

Inspiring Minds

EIN 05-0310175 • 501(c)3 • Providence, RI

Profile

To provide educational services to students within the providence, rhode isalnd area.

65 Pavilion AvenueProvidence, RI 02905

inspiringmindsri.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.20x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.13x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

42nd percentile

0.6%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

65th percentile

10%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

1.5%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$584,271

Up $53,910 (+10%) from 2023

Liabilities

Up

$117,667

Up $48,069 (+69%) from 2023

Net Assets

Up

$466,604

Up $5,841 (+1.3%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin42nd percentile

Revenue

Up

$928,590

Up $13,624 (+1.5%) from 2023

Expenses

Up

$922,749

Up $58,063 (+6.7%) from 2023

Net Income

Down

$5,841

Down $44,439 (-88%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $611,897Liabilities 2011: $67,420Net Assets 2011: $544,4772011Assets 2012: $677,777Liabilities 2012: $29,397Net Assets 2012: $648,3802012Assets 2013: $600,540Liabilities 2013: $23,647Net Assets 2013: $576,8932013Assets 2014: $478,554Liabilities 2014: $24,439Net Assets 2014: $454,1152014Assets 2015: $348,570Liabilities 2015: $23,429Net Assets 2015: $325,1412015Assets 2016: $225,425Liabilities 2016: $24,763Net Assets 2016: $200,6622016Assets 2017: $161,368Liabilities 2017: $11,727Net Assets 2017: $149,6412017Assets 2018: $117,950Liabilities 2018: $7,274Net Assets 2018: $110,6762018Assets 2019: $206,224Liabilities 2019: $17,763Net Assets 2019: $188,4612019Assets 2020: $321,316Liabilities 2020: $43,978Net Assets 2020: $277,3382020Assets 2021: $352,378Liabilities 2021: $19,955Net Assets 2021: $332,4232021Assets 2022: $444,278Liabilities 2022: $33,795Net Assets 2022: $410,4832022Assets 2023: $530,361Liabilities 2023: $69,598Net Assets 2023: $460,7632023Assets 2024: $584,271Liabilities 2024: $117,667Net Assets 2024: $466,6042024

Highlighted filing

2024

Assets$584,271
Liabilities$117,667
Net Assets$466,604
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,308,778Expenses 2011: $1,175,220Net Income 2011: $133,5582011Revenue 2012: $1,342,418Expenses 2012: $1,238,515Net Income 2012: $103,9032012Revenue 2013: $839,311Expenses 2013: $910,798Net Income 2013: -$71,4872013Revenue 2014: $764,514Expenses 2014: $907,639Net Income 2014: -$143,1252014Revenue 2015: $605,357Expenses 2015: $744,385Net Income 2015: -$139,0282015Revenue 2016: $524,154Expenses 2016: $646,976Net Income 2016: -$122,8222016Revenue 2017: $337,274Expenses 2017: $388,295Net Income 2017: -$51,0212017Revenue 2018: $161,804Expenses 2018: $200,769Net Income 2018: -$38,9652018Revenue 2019: $306,445Expenses 2019: $228,660Net Income 2019: $77,7852019Revenue 2020: $387,566Expenses 2020: $298,691Net Income 2020: $88,8752020Revenue 2021: $481,831Expenses 2021: $426,745Net Income 2021: $55,0862021Revenue 2022: $873,524Expenses 2022: $795,464Net Income 2022: $78,0602022Revenue 2023: $914,966Expenses 2023: $864,686Net Income 2023: $50,2802023Revenue 2024: $928,590Expenses 2024: $922,749Net Income 2024: $5,8412024

Highlighted filing

2024

Revenue$928,590
Expenses$922,749
Net Income$5,841
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$584,271
Liabilities
$117,667
Net assets
$466,604
Revenue
$928,590
Expenses
$922,749
Net income
$5,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.12$0.47$0.93$0.92$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.07$0.46$0.91$0.86$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.03$0.41$0.87$0.80$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.02$0.33$0.48$0.43$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.04$0.28$0.39$0.30$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.02$0.19$0.31$0.23$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.01$0.11$0.16$0.20$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.01$0.15$0.34$0.39$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.23$0.02$0.20$0.52$0.65$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.02$0.33$0.61$0.74$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.45$0.76$0.91$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.02$0.58$0.84$0.91$0.07
2012Summary only. Only limited summary data is available for this year.$0.68$0.03$0.65$1.34$1.24$0.10
2011Summary only. Only limited summary data is available for this year.$0.61$0.07$0.54$1.31$1.18$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$928,590
Mission and Program Overview

Mission

Inspiring minds empowers students to succeed in school and life by supporting them with trusted relationships, tutoring and mentoring from inspired community members.

To provide tutoring, mentoring and educational services to students within providence and cranston, ri.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$402,410$490,515▲ $88,105
Accounts Receivable$76,439$46,595▼ $29,844
Land, Buildings, and Equipment, Net$13,152$11,837▼ $1,315
Prepaid Expenses and Deferred Charges$7,054$9,250▲ $2,196
Total Assets$530,361$584,271▲ $53,910
Other Assets Total$31,306$26,074▼ $5,232
Liabilities
Deferred Revenue-$63,850-
Accounts Payable and Accrued Expenses$37,735$31,324▼ $6,411
Other Liabilities$31,863$22,493▼ $9,370
Total Liabilities$69,598$117,667▲ $48,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$272,242$375,553▲ $103,311
Net Assets With Donor Restrictions$188,521$91,051▼ $97,470
Total Net Assets Fund Balance$460,763$466,604▲ $5,841
Total Liabilities and Net Assets / Fund Balance$530,361$584,271▲ $53,910

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$11,837$1,315$13,152
Equipment$0$12,200$12,200
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Tammy WarnerChairman
Margaret KoosaVice Chair
Daniel ProccainiBoard Member
Elida MeziniBoard Member
Kimberly BrightBoard Member
Laura HartBoard Member
Lorraine LalliBoard Member
Regina MaddoxBoard Member
Rothel De La CruzBoard Member
Sokeo RosExecutive Director
Jennifer LintonSecretary
James WilleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$660,769
Program Service Revenue
$242,288
Investment Income
$6,219
Other Revenue
$19,314
All Other Contributions
$660,769
Change in Net Assets
$5,841

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$385,868Hourly Rates
Total Noncash Contributions$385,868-

Audited Revenue Reconciliation

Revenue per Audited Statements
$928,590
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$385,868
Total Revenue per Audited Statements
$1,314,458
Total Revenue per Form 990
$928,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$498,448
Other Expenses$424,301
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$270,146$126,832-$396,978
Other Employee Benefits$36,709$15,160-$51,869
Payroll Taxes$37,993$11,608-$49,601
Occupancy$14,275$22,388-$36,663
Insurance$10,952$9,833-$20,785
Office Expenses$3,869$15,736-$19,605
Fees for Services Other$6,584$9,796-$16,380
Other Expenses$3,422$3,495-$6,917
Travel$5,939$618-$6,557
All Other Expenses$2,672$3,217-$5,889
Depreciation Depletion$789$526-$1,315
Total Functional Expenses$600,342$322,407$0$922,749

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,308,617
Expenses per Audited Statements$922,749
Total Expenses per Form 990$922,749
Expenses Not Reported on Form 990$385,868
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$22,493
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by the independent accountants and reviewed by the executive director and the audit committee. The form 990 is also provided to all members of the governing body before its filing.”

Form 990, Part VI, Section B, Line 12C

“The organization has a conflict of interest annual affirmation statement for board and staff.”

Form 990, Part VI, Section B, Line 15

“Inspiring minds practice is a performance evaluation and compensation ("committee"), comprised of independent board members, is formed for the purpose of researching/gathering comparable salary range data from local organization for the executive director position and other key positions, if any. The annual salary of the executive director is set after the committee has completed its performance review, responding to the executive director's written progress report on identified goals and a discussion of general performance. A letter is sent to the organization by the board president (chair) stating the salary decision of the committee.”

Form 990, Part VI, Section C, Line 19

“All employees are provided a copy of the conflict of interest policy. Governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Inspiring Minds
EIN
05-0310175
Phone
4012743240
Address
65 PAVILION AVENUE, PROVIDENCE, RI 02905

Signing Officer

Name
Sokeo Ros
Title
Executive Director
Phone
4012743240
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sokeo Ros
Formed
1963
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
68
Volunteers
414

Preparer

Firm
Mullen Scorpio & Cerilli
Address
67 CEDAR STREET, PROVIDENCE, RI 02903
Preparer
Anthony W Scorpio
Phone
4017513860
Supplemental Narrative

Additional Explanations

This Process Has Not Changed From Prior Year.

“This process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Inspiring minds is exempt from federal income taxes on related income under section 501(a) of the internal revenue code (irc) of 1986, as amended, as an organization described in irc section 501(c)(3). Further, inspiring minds has been classified as an organization that is not a private foundation under irc section 509(a) and, as such, contributions to inspiring minds qualify for deduction as charitable contributions. However, any income generated from activities unrelated to inspiring minds' exempt purpose is subject to tax under irc section 511. Inspiring minds did not have any unrelated business income in fiscal years ended june 30, 2023 and 2022. Inspiring minds believes that it has taken no significant uncertain tax positions.”

Raw XML AppendixShowing 400 of 466 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROVIDE TUTORING, MENTORING AND EDUCATIONAL SERVICES TO STUDENTS WITHIN PROVIDENCE AND CRANSTON, RI.
IRS990/AllOtherContributionsAmt0660769
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IRS990/AllOtherExpensesGrp/TotalAmt05889
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IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09796
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09833
IRS990/InsuranceGrp/ProgramServicesAmt010952
IRS990/InsuranceGrp/TotalAmt020785
IRS990/InvestmentIncomeGrp/ExclusionAmt06219
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06219
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013515
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013152
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011837
IRS990/LandBldgEquipCostOrOtherBssAmt025352
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INSPIRING MINDS EMPOWERS STUDENTS TO SUCCEED IN SCHOOL AND LIFE BY SUPPORTING THEM WITH TRUSTED RELATIONSHIPS, TUTORING AND MENTORING FROM INSPIRED COMMUNITY MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0460763
IRS990/NetAssetsOrFundBalancesEOYAmt0466604
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0272242
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0375553
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022388
IRS990/OccupancyGrp/ProgramServicesAmt014275
IRS990/OccupancyGrp/TotalAmt036663
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015736
IRS990/OfficeExpensesGrp/ProgramServicesAmt03869
IRS990/OfficeExpensesGrp/TotalAmt019605
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031306
IRS990/OtherAssetsTotalGrp/EOYAmt026074
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015160
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036709
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051869
IRS990/OtherExpensesGrp/Desc0SUPPLIES, MATERIALS AND
IRS990/OtherExpensesGrp/Desc1CONSULTANTS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES AND SUB
IRS990/OtherExpensesGrp/Desc3TELEPHONE, INTERNET
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07631
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt189000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26567
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33495
IRS990/OtherExpensesGrp/ProgramServicesAmt0201281
IRS990/OtherExpensesGrp/ProgramServicesAmt11300
IRS990/OtherExpensesGrp/ProgramServicesAmt24411
IRS990/OtherExpensesGrp/ProgramServicesAmt33422
IRS990/OtherExpensesGrp/TotalAmt0208912
IRS990/OtherExpensesGrp/TotalAmt190300
IRS990/OtherExpensesGrp/TotalAmt210978
IRS990/OtherExpensesGrp/TotalAmt36917
IRS990/OtherLiabilitiesGrp/BOYAmt031863
IRS990/OtherLiabilitiesGrp/EOYAmt022493
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt019314
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019314
IRS990/OtherRevenueTotalAmt019314
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126832
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0270146
IRS990/OtherSalariesAndWagesGrp/TotalAmt0396978
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011608
IRS990/PayrollTaxesGrp/ProgramServicesAmt037993
IRS990/PayrollTaxesGrp/TotalAmt049601
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07054
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09250
IRS990/PrincipalOfficerNm0SOKEO ROS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0242288
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0660741
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02439
IRS990/PYOtherExpensesAmt0397687
IRS990/PYOtherRevenueAmt015739
IRS990/PYProgramServiceRevenueAmt0236047
IRS990/PYRevenuesLessExpensesAmt050280
IRS990/PYSalariesCompEmpBnftPaidAmt0466999
IRS990/PYTotalExpensesAmt0864686
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0914966
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05841
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0261602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0660769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0660741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0703240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0480016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0380535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02885301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06219
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02439
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09154
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0482
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt019314
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt015739
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt044553
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98170
IRS990ScheduleA/PublicSupportPY170Pct00.98340
IRS990ScheduleA/PublicSupportTotal170Amt02885301
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0660769
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0660741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0703240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0480016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0380535
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02885301
IRS990ScheduleA/TotalSupportAmt02939008
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0385868
IRS990ScheduleD/DonatedServicesUseFcltsAmt0385868
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012200
IRS990ScheduleD/ExpensesNotReportedAmt0385868
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0922749
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011837
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01315
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013152
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0385868
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0928590
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INSPIRING MINDS IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) OF 1986, AS AMENDED, AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). FURTHER, INSPIRING MINDS HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A) AND, AS SUCH, CONTRIBUTIONS TO INSPIRING MINDS QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. HOWEVER, ANY INCOME GENERATED FROM ACTIVITIES UNRELATED TO INSPIRING MINDS' EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. INSPIRING MINDS DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN FISCAL YEARS ENDED JUNE 30, 2023 AND 2022. INSPIRING MINDS BELIEVES THAT IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011837
IRS990ScheduleD/TotalExpensesPerForm990Amt0922749
IRS990ScheduleD/TotalLiabilityAmt022493
IRS990ScheduleD/TotalRevenuePerForm990Amt0928590
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01314458
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01308617
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TUTORIAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0HOURLY RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0385868
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR AND THE AUDIT COMMITTEE. THE FORM 990 IS ALSO PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BEFORE ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST ANNUAL AFFIRMATION STATEMENT FOR BOARD AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INSPIRING MINDS PRACTICE IS A PERFORMANCE EVALUATION AND COMPENSATION ("COMMITTEE"), COMPRISED OF INDEPENDENT BOARD MEMBERS, IS FORMED FOR THE PURPOSE OF RESEARCHING/GATHERING COMPARABLE SALARY RANGE DATA FROM LOCAL ORGANIZATION FOR THE EXECUTIVE DIRECTOR POSITION AND OTHER KEY POSITIONS, IF ANY. THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR IS SET AFTER THE COMMITTEE HAS COMPLETED ITS PERFORMANCE REVIEW, RESPONDING TO THE EXECUTIVE DIRECTOR'S WRITTEN PROGRESS REPORT ON IDENTIFIED GOALS AND A DISCUSSION OF GENERAL PERFORMANCE. A LETTER IS SENT TO THE ORGANIZATION BY THE BOARD PRESIDENT (CHAIR) STATING THE SALARY DECISION OF THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0530361
IRS990/TotalAssetsEOYAmt0584271
IRS990/TotalAssetsGrp/BOYAmt0530361
IRS990/TotalAssetsGrp/EOYAmt0584271
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0660769
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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