Civic Intelligence

Inspiring Minds

990 • Fiscal year 2015 • EIN 05-0310175

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 21, 2016

Organization ProfileINSPIRINGMINDSRI.ORG
763 Westminster StreetProvidence, RI 02903

(401) 274-3240

Siviq Scores

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

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.04x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

6th percentile

-27%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$348,570

Down $129,984 (-27%) from 2014

Net Assets

Down

$325,141

Down $128,974 (-28%) from 2014

Liabilities

Down

$23,429

Down $1,010 (-4.1%) from 2014

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin12th percentile

Revenue

Down

$605,357

Down $159,157 (-21%) from 2014

Expenses

Down

$744,385

Down $163,254 (-18%) from 2014

Net Income

Up

-$139,028

Up $4,097 (+2.9%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2015

Assets$348,570
Liabilities$23,429
Net Assets$325,141
Open 2015 Filing

Operations Trend

Revenue Growth16th percentile

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

2015

Revenue$605,357
Expenses$744,385
Net Income-$139,028
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 21, 2016
Return Version
2014v6.0
Gross Receipts
$632,011
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 educational services to students within the providence, rhode island area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$284,304$167,464▼ $116,840
Investments Other Securities$101,182$113,014▲ $11,832
Accounts Receivable$72,413$43,514▼ $28,899
Land, Buildings, and Equipment, Net$12,077$18,376▲ $6,299
Prepaid Expenses and Deferred Charges$8,578$6,202▼ $2,376
Total Assets$478,554$348,570▼ $129,984
Liabilities
Accounts Payable and Accrued Expenses$24,439$23,429▼ $1,010
Total Liabilities$24,439$23,429▼ $1,010
Net Assets / Fund Balance
Unrestricted Net Assets$432,718$304,243▼ $128,475
Temporarily Rstr Net Assets$21,397$20,898▼ $499
Total Net Assets Fund Balance$454,115$325,141▼ $128,974
Total Liabilities and Net Assets / Fund Balance$478,554$348,570▼ $129,984

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,376$73,830$92,206
Other Securities$113,014--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Robert E Baute JrChairman
Adam W KiracofeBoard Member
Jacquelyn Raye HarperBoard Member
Janet R ZurierBoard Member
Jim R SchomerBoard Member
Lloyd P AlbertBoard Member
Maribeth CalabroBoard Member
Mark R JeffreyBoard Member
Mary Helldorfer-cooneyBoard Member
Richard PaoloBoard Member
Carol J YoungSecretary
Michael K MoranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$240,395
Program Service Revenue
$299,999
Investment Income
$2,121
Other Revenue
$62,842
All Other Contributions
$240,395
Change in Net Assets
$-139,028

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table939$298,654Hourly Rates
Other Non Cash Contri Table0$40,250Hourly Rates
Total Noncash Contributions939$338,904-

Audited Revenue Reconciliation

Revenue per Audited Statements
$605,357
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$375,612
Total Revenue per Audited Statements
$980,969
Total Revenue per Form 990
$605,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$526,991
Other Expenses$217,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,253$58,263-$360,516
Current Officers, Directors, Trustees, and Key Employees$53,999$33,325-$87,324
Fees for Services Other$19,458$63,801-$83,259
Occupancy$46,722$9,254-$55,976
Payroll Taxes$41,222$9,657-$50,879
Other Employee Benefits$22,358$5,914-$28,272
Office Expenses$11,095$3,908-$15,003
Insurance$6,809$4,601-$11,410
Depreciation Depletion$5,308$1,039-$6,347
Other Expenses$2,594$3,641-$2,594
Travel$2,075--$2,075
Total Functional Expenses$543,798$200,587$0$744,385

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,109,943
Expenses per Audited Statements$744,385
Total Expenses per Form 990$744,385
Expenses Not Reported on Form 990$365,558
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$89,496
Fundraising Direct Expenses$26,654
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring & Winter Events$89,496$89,496$26,654$62,842
Total Events$89,496$89,496$26,654$62,842
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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 11

“Form 990 is prepared by the independent auditors and reviewed by the executive director and the chief financial officer.”

Form 990, Part VI, Section B, Line 15

“Inspiring 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.”

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
763 WESTMINSTER STREET, PROVIDENCE, RI 02903

Signing Officer

Name
H Terri Adelman
Title
Executive Director
Phone
4012743240
Signed
2016-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
H Terri Adelman
Formed
1963
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
40
Volunteers
939

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees : program service expenses 19,458. Management and general expenses 63,801. Fundraising expenses 0. Total expenses 83,259.”

A Board Committee Has Oversight of the Financial Audit

“The board has delegated to a committee the responsibility for the oversight of the financial audit. This committee meets with the outside auditors to assure that the audit has been completed and to address any significant findings that have been raised by the auditors.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses included on line 9b 26,654.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special events expenses included on line 9b 26,654.”

Raw XML AppendixShowing 400 of 470 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.

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IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES AND SUB
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07184
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13641
IRS990/OtherExpensesGrp/ProgramServicesAmt017660
IRS990/OtherExpensesGrp/ProgramServicesAmt17584
IRS990/OtherExpensesGrp/ProgramServicesAmt24661
IRS990/OtherExpensesGrp/ProgramServicesAmt32594
IRS990/OtherExpensesGrp/TotalAmt024844
IRS990/OtherExpensesGrp/TotalAmt111225
IRS990/OtherExpensesGrp/TotalAmt24661
IRS990/OtherExpensesGrp/TotalAmt32594
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt058263
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0302253
IRS990/OtherSalariesAndWagesGrp/TotalAmt0360516
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09657
IRS990/PayrollTaxesGrp/ProgramServicesAmt041222
IRS990/PayrollTaxesGrp/TotalAmt050879
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08578
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06202
IRS990/PrincipalOfficerNm0H TERRI ADELMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0GOVERNMENT CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc1TRAINING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0245088
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0245088
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154911
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0299161
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02912
IRS990/PYOtherExpensesAmt0205949
IRS990/PYOtherRevenueAmt062122
IRS990/PYProgramServiceRevenueAmt0400319
IRS990/PYRevenuesLessExpensesAmt0-143125
IRS990/PYSalariesCompEmpBnftPaidAmt0701690
IRS990/PYTotalExpensesAmt0907639
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0764514
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-139028
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0299999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0240395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0299161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0350609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0312559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0270381
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01473105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02121
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011754
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01985
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031618
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02981364
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89270
IRS990ScheduleA/PublicSupportPY170Pct00.93410
IRS990ScheduleA/PublicSupportTotal170Amt01343293
IRS990ScheduleA/SubstantialContributorsTotAmt0129812
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0240395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0299161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0350609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0312559
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0270381
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01473105
IRS990ScheduleA/TotalSupportAmt01504723
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/DonatedServicesAndUseFcltsAmt0338904
IRS990ScheduleD/DonatedServicesUseFcltsAmt0338904
IRS990ScheduleD/EquipmentGrp/BookValueAmt018376
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073830
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt092206
IRS990ScheduleD/ExpensesNotReportedAmt0365558
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0744385
IRS990ScheduleD/NetUnrealizedGainsInvstAmt010054
IRS990ScheduleD/OtherExpensesIncludedAmt026654
IRS990ScheduleD/OtherRevenueAmt026654
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0113014
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET FUNDS & MARKETABLE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0375612
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0605357
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES INCLUDED ON LINE 9B 26,654.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS EXPENSES INCLUDED ON LINE 9B 26,654.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018376
IRS990ScheduleD/TotalBookValueSecuritiesAmt0113014
IRS990ScheduleD/TotalExpensesPerForm990Amt0744385
IRS990ScheduleD/TotalRevenuePerForm990Amt0605357
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0980969
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01109943
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026654
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING & WINTER EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt089496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt089496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt089496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt089496
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt062842
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026654
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt026654
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0939
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt10
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TUTORIAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1VISTA VOLUNTEERS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0HOURLY RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1HOURLY RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0298654
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt140250
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE INDEPENDENT AUDITORS AND REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHIEF FINANCIAL OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INSPIRING 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/SupplementalInformationDetail/ExplanationTxt2ALL EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL FEES : PROGRAM SERVICE EXPENSES 19,458. MANAGEMENT AND GENERAL EXPENSES 63,801. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,259.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD HAS DELEGATED TO A COMMITTEE THE RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL AUDIT. THIS COMMITTEE MEETS WITH THE OUTSIDE AUDITORS TO ASSURE THAT THE AUDIT HAS BEEN COMPLETED AND TO ADDRESS ANY SIGNIFICANT FINDINGS THAT HAVE BEEN RAISED BY THE AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4A BOARD COMMITTEE HAS OVERSIGHT OF THE FINANCIAL AUDIT
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt021397
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt020898
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0478554
IRS990/TotalAssetsEOYAmt0348570
IRS990/TotalAssetsGrp/BOYAmt0478554

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$348,570
Liabilities
$23,429
Net assets
$325,141
Revenue
$605,357
Expenses
$744,385
Net income
-$139,028
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
2015Detailed filing. Detailed filing data is available for this year.$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