Civic Intelligence

Inspiring Minds

990 • Fiscal year 2013 • EIN 05-0310175

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 18, 2014

763 Westminster StreetProvidence, RI 02903
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.04x

Higher debt load relative to assets than 47% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

15th percentile

-11%

Faster asset growth than 15% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$600,540

Down $77,237 (-11%) from 2012

Net Assets

Down

$576,893

Down $71,487 (-11%) from 2012

Liabilities

Down

$23,647

Down $5,750 (-20%) from 2012

Revenue

Down

$839,311

Down $503,107 (-37%) from 2012

Expenses

Down

$910,798

Down $327,717 (-26%) from 2012

Net Income

Down

-$71,487

Down $175,390 (-169%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$600,540
Liabilities$23,647
Net Assets$576,893

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$839,311
Expenses$910,798
Net Income-$71,487
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 18, 2014
Return Version
2012v2.1
Gross Receipts
$858,347
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.

Filing and Contact Details

Filer

EIN
05-0310175
Raw XML AppendixShowing 400 of 462 raw XML fields

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IRS990ScheduleO/GeneralExplanation/Explanation0FORM 990 IS PREPARED BY THE INDEPENDENT AUDITORS AND REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHIEF FINANCIAL OFFICER.
IRS990ScheduleO/GeneralExplanation/Explanation1INSPIRING MINDS PRACTICE IS THAT THE EXECUTIVE DIRECTOR PROVIDES THE EXECUTIVE COMMITTEE WITH LOCAL ORGANIZATIONS SALARY RANGES FOR THE POSITION OF EXECUTIVE DIRECTOR AND OTHER KEY POSITIONS. THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR IS SET AFTER THE EXECUTIVE COMMITTEE HAS COMPLETED ITS PERFORMANCE REVIEW, RESPONDING TO THE DIRECTORS WRITTEN PROGRESS REPORT ON IDENTIFIED GOALS AND A DISCUSSION OF GENERAL PERFORMACE. A LETTER IS THEN SENT TO THE ORGANIZATION BY THE BOARD PRESIDENT STATING THE SALARY DECISION OF THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/GeneralExplanation/Explanation2ALL EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD HAS DELEGATED TO A COMMITTEE THE RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL AUDIT. THIS COMMITTEE MEETS WITH THE OURSIDE AUDITORS TO ASSURE THAT THE AUDIT HAS BEEN COMPLETED AND TO ADDRESS ANY SIGNIFICANT FINDINGS THAT HAVE BEEN RAISED BY THE AUDITORS.
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IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0RI
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY070904
IRS990/TemporarilyRestrictedNetAssets/EOY061232
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10763 WESTMINSTER STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0PROVIDENCE
IRS990/TheBooksAreInCareOf/AddressUS/State0RI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode002903
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10H TERRI ADELMAN
IRS990/TheBooksAreInCareOf/TelephoneNumber04012743240
IRS990/TotalAssets/BOY0677777
IRS990/TotalAssetsBOY0677777
IRS990/TotalAssets/EOY0600540
IRS990/TotalAssetsEOY0600540
IRS990/TotalCompGT150K00
IRS990/TotalContributions0350609
IRS990/TotalExpensesCurrentYear0910798
IRS990/TotalExpensesPriorYear01238515
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0183718
IRS990/TotalFunctionalExpenses/ProgramServices0727080
IRS990/TotalFunctionalExpenses/Total0910798
IRS990/TotalFundrsngExpCurrentYear00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $500k-$1M nonprofits