Civic Intelligence

Inspiring Minds

990 • Fiscal year 2016 • EIN 05-0310175

Jul 01, 2015 to Jun 30, 2016 • Filed on May 02, 2017

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

63rd percentile

0.11x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.05x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

5th percentile

-35%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

-13%

Faster revenue growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$225,425

Down $123,145 (-35%) from 2015

Net Assets

Down

$200,662

Down $124,479 (-38%) from 2015

Liabilities

Up

$24,763

Up $1,334 (+5.7%) from 2015

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin13th percentile

Revenue

Down

$524,154

Down $81,203 (-13%) from 2015

Expenses

Down

$646,976

Down $97,409 (-13%) from 2015

Net Income

Up

-$122,822

Up $16,206 (+12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2016

Assets$225,425
Liabilities$24,763
Net Assets$200,662
Open 2016 Filing

Operations Trend

Revenue Growth22nd 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

2016

Revenue$524,154
Expenses$646,976
Net Income-$122,822
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 2, 2017
Return Version
2015v3.0
Gross Receipts
$540,829
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
Investments Other Securities$113,014$106,199▼ $6,815
Cash and Non-Interest-Bearing Accounts$167,464$72,628▼ $94,836
Accounts Receivable$43,514$29,653▼ $13,861
Land, Buildings, and Equipment, Net$18,376$10,652▼ $7,724
Prepaid Expenses and Deferred Charges$6,202$6,293▲ $91
Total Assets$348,570$225,425▼ $123,145
Liabilities
Accounts Payable and Accrued Expenses$23,429$24,763▲ $1,334
Total Liabilities$23,429$24,763▲ $1,334
Net Assets / Fund Balance
Unrestricted Net Assets$304,243$184,132▼ $120,111
Temporarily Rstr Net Assets$20,898$16,530▼ $4,368
Total Net Assets Fund Balance$325,141$200,662▼ $124,479
Total Liabilities and Net Assets / Fund Balance$348,570$225,425▼ $123,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,652$69,781$80,433
Leasehold Improvements$0$11,773$11,773
Other Securities$106,199--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Robert E Baute JrChairman
Jacquelyn Raye HarperBoard Member
Janet R ZurierBoard Member
Jim R SchomerBoard Member
Lisa PierceBoard Member
Lloyd P AlbertBoard 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
$219,435
Program Service Revenue
$229,741
Investment Income
$4,408
Other Revenue
$70,570
All Other Contributions
$219,435
Change in Net Assets
$-122,822

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 Table866$324,081Hourly Rates
Other Non Cash Contri Table1$26,322Hourly Rates
Total Noncash Contributions867$350,403-

Audited Revenue Reconciliation

Revenue per Audited Statements
$524,154
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$365,421
Total Revenue per Audited Statements
$889,575
Total Revenue per Form 990
$524,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$438,473
Other Expenses$208,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,269$54,537-$297,806
Current Officers, Directors, Trustees, and Key Employees$53,191$32,826-$86,017
Fees for Services Other$30,827$53,494-$84,321
Occupancy$46,630$8,854-$55,484
Payroll Taxes$25,981$7,486-$33,467
Other Employee Benefits$19,167$2,016-$21,183
Insurance$11,377$2,586-$13,963
Office Expenses$9,528$3,801-$13,329
Depreciation Depletion$6,767$957-$7,724
Travel$1,490--$1,490
Other Expenses$1,343$1,730-$1,343
All Other Expenses$618--$618
Total Functional Expenses$474,698$172,278$0$646,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,014,054
Expenses per Audited Statements$646,976
Total Expenses per Form 990$646,976
Expenses Not Reported on Form 990$367,078
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$87,245
Fundraising Direct Expenses$16,675
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring & Winter Events$87,245$87,245$16,675$70,570
Total Events$87,245$87,245$16,675$70,570
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
2017-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
H Terri Adelman
Formed
1963
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
9
Volunteers
867

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 30,827. Management and general expenses 53,494. Fundraising expenses 0. Total expenses 84,321.”

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 ourside 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 16,675.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special events expenses included on line 9b 16,675.”

Raw XML AppendixShowing 400 of 467 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/ProgramServicesAmt12104
IRS990/OtherExpensesGrp/ProgramServicesAmt2174
IRS990/OtherExpensesGrp/ProgramServicesAmt31343
IRS990/OtherExpensesGrp/TotalAmt026223
IRS990/OtherExpensesGrp/TotalAmt12104
IRS990/OtherExpensesGrp/TotalAmt21904
IRS990/OtherExpensesGrp/TotalAmt31343
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt054537
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0243269
IRS990/OtherSalariesAndWagesGrp/TotalAmt0297806
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07486
IRS990/PayrollTaxesGrp/ProgramServicesAmt025981
IRS990/PayrollTaxesGrp/TotalAmt033467
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06202
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06293
IRS990/PrincipalOfficerNm0H TERRI ADELMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0GOVERNMENT CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc1TRAINING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0228911
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0228911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1830
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0240395
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02121
IRS990/PYOtherExpensesAmt0217394
IRS990/PYOtherRevenueAmt062842
IRS990/PYProgramServiceRevenueAmt0299999
IRS990/PYRevenuesLessExpensesAmt0-139028
IRS990/PYSalariesCompEmpBnftPaidAmt0526991
IRS990/PYTotalExpensesAmt0744385
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0605357
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-122822
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0228911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0219435
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0240395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0299161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0350609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0312559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01422159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04408
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02121
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011754
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034041
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02254736
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86900
IRS990ScheduleA/PublicSupportPY170Pct00.89270
IRS990ScheduleA/PublicSupportTotal170Amt01265407
IRS990ScheduleA/SubstantialContributorsTotAmt0156752
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0219435
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0240395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0299161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0350609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0312559
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01422159
IRS990ScheduleA/TotalSupportAmt01456200
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/DonatedServicesAndUseFcltsAmt0350403
IRS990ScheduleD/DonatedServicesUseFcltsAmt0350403
IRS990ScheduleD/EquipmentGrp/BookValueAmt010652
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069781
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080433
IRS990ScheduleD/ExpensesNotReportedAmt0367078
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0646976
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011773
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011773
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1657
IRS990ScheduleD/OtherExpensesIncludedAmt016675
IRS990ScheduleD/OtherRevenueAmt016675
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0106199
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET FUNDS & MARKETABLE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0365421
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0524154
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES INCLUDED ON LINE 9B 16,675.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENTS EXPENSES INCLUDED ON LINE 9B 16,675.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010652
IRS990ScheduleD/TotalBookValueSecuritiesAmt0106199
IRS990ScheduleD/TotalExpensesPerForm990Amt0646976
IRS990ScheduleD/TotalRevenuePerForm990Amt0524154
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0889575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01014054
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016675
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING & WINTER EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt087245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt087245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt087245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt087245
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt070570
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016675
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016675
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0866
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TUTORIAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1VISTA VOLUNTEERS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0HOURLY RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1HOURLY RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0324081
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt126322
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 30,827. MANAGEMENT AND GENERAL EXPENSES 53,494. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,321.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
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/FormAndLineReferenceDesc4BOARD COMMITTEE HAS OVERSIGHT OF THE FINANCIAL AUDIT
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020898
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt016530
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0348570
IRS990/TotalAssetsEOYAmt0225425
IRS990/TotalAssetsGrp/BOYAmt0348570
IRS990/TotalAssetsGrp/EOYAmt0225425
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0219435

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$225,425
Liabilities
$24,763
Net assets
$200,662
Revenue
$524,154
Expenses
$646,976
Net income
-$122,822
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