Civic Intelligence

Inspiring Minds

990 • Fiscal year 2022 • EIN 05-0310175

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 28, 2023

Organization ProfileINSPIRINGMINDSRI.ORG
65 Pavilion AvenueProvidence, RI 02905

(401) 274-3240

Siviq Scores

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

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.04x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

55th percentile

8.9%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$87,556

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

78th percentile

26%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

81%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$444,278

Up $91,900 (+26%) from 2021

Net Assets

Up

$410,483

Up $78,060 (+23%) from 2021

Liabilities

Up

$33,795

Up $13,840 (+69%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin55th percentile

Revenue

Up

$873,524

Up $391,693 (+81%) from 2021

Expenses

Up

$795,464

Up $368,719 (+86%) from 2021

Net Income

Up

$78,060

Up $22,974 (+42%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2022

Assets$444,278
Liabilities$33,795
Net Assets$410,483
Open 2022 Filing

Operations Trend

Revenue Growth86th 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

2022

Revenue$873,524
Expenses$795,464
Net Income$78,060
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 28, 2023
Return Version
2021v4.2
Gross Receipts
$873,524
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, ri.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$230,200$289,692▲ $59,492
Accounts Receivable$114,098$138,428▲ $24,330
Prepaid Expenses and Deferred Charges$8,080$16,158▲ $8,078
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$352,378$444,278▲ $91,900
Liabilities
Accounts Payable and Accrued Expenses$19,955$33,795▲ $13,840
Total Liabilities$19,955$33,795▲ $13,840
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$313,423$365,163▲ $51,740
Net Assets With Donor Restrictions$19,000$45,320▲ $26,320
Total Net Assets Fund Balance$332,423$410,483▲ $78,060
Total Liabilities and Net Assets / Fund Balance$352,378$444,278▲ $91,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$12,200$12,200
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Melissa EmidyExecutive DirectorFT$87,556$87,556

Board Members and Trustees

NameTitle
Kimberly BrightChairman
Raman ShahVice Chair
Daryl D WrightBoard Member
Dr Mary Ann Shallcross SmithBoard Member
Dr Noni Thomas LopezBoard Member
Kelly ChippasBoard Member
Laura HartBoard Member
Lynn AbramsBoard Member
Margaret KoosaBoard Member
Regina MaddoxBoard Member
Tammy WarnerBoard Member
Jen LintonSecretary
Rothel De La CruzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$703,240
Program Service Revenue
$167,625
Investment Income
$309
Other Revenue
$2,350
All Other Contributions
$458,405
Change in Net Assets
$78,060

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 Table504$336,914Hourly Rates
Total Noncash Contributions504$336,914-

Audited Revenue Reconciliation

Revenue per Audited Statements
$873,524
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$336,914
Total Revenue per Audited Statements
$1,210,438
Total Revenue per Form 990
$873,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$458,948
Other Expenses$336,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$213,447$97,561-$311,008
Current Officers, Directors, Trustees, and Key Employees$60,090$27,466-$87,556
Payroll Taxes$34,211$9,497-$43,708
Occupancy$14,367$16,910-$31,277
Insurance$9,136$12,244-$21,380
Fees for Services Other$11,351$8,065-$19,416
Other Employee Benefits$11,432$5,244-$16,676
Office Expenses$6,365$8,424-$14,789
Other Expenses$66$8,578-$8,644
All Other Expenses$3,438$2,044-$5,482
Travel$3,896$182-$4,078
Total Functional Expenses$563,210$232,254$0$795,464

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,132,378
Expenses per Audited Statements$795,464
Total Expenses per Form 990$795,464
Expenses Not Reported on Form 990$336,914
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
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 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
Melissa Emidy
Title
Executive Director
Phone
4012743240
Signed
2023-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Emidy
Formed
1963
Legal Domicile
Ri
Voting Board Members
13
Independent Board Members
13
Employees
66
Volunteers
504

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.”

Raw XML AppendixShowing 400 of 471 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt019955
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033795
IRS990/AccountsReceivableGrp/BOYAmt0114098
IRS990/AccountsReceivableGrp/EOYAmt0138428
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE TUTORING, MENTORING AND EDUCATIONAL SERVICES TO STUDENTS WITHIN PROVIDENCE, RI.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0458405
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02044
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03438
IRS990/AllOtherExpensesGrp/TotalAmt05482
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MELISSA EMIDY
IRS990/BooksInCareOfDetail/PhoneNum04012743240
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt065 PAVILION AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002905
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0230200
IRS990/CashNonInterestBearingGrp/EOYAmt0289692
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt027466
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt060090
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt087556
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0703240
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0309
IRS990/CYOtherExpensesAmt0336516
IRS990/CYOtherRevenueAmt02350
IRS990/CYProgramServiceRevenueAmt0167625
IRS990/CYRevenuesLessExpensesAmt078060
IRS990/CYSalariesCompEmpBnftPaidAmt0458948
IRS990/CYTotalExpensesAmt0795464
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0873524
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0MENTORING, TUTORIAL AND EDUCATIONAL SERVICES
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt019000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt045320
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt066
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0563210
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08065
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011351
IRS990/FeesForServicesOtherGrp/TotalAmt019416
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0KIMBERLY BRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm1RAMAN SHAH
IRS990/Form990PartVIISectionAGrp/PersonNm2ROTHEL DE LA CRUZ
IRS990/Form990PartVIISectionAGrp/PersonNm3JEN LINTON
IRS990/Form990PartVIISectionAGrp/PersonNm4DR MARY ANN SHALLCROSS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5DARYL D WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm6DR NONI THOMAS LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7MARGARET KOOSA
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLY CHIPPAS
IRS990/Form990PartVIISectionAGrp/PersonNm9TAMMY WARNER
IRS990/Form990PartVIISectionAGrp/PersonNm10REGINA MADDOX
IRS990/Form990PartVIISectionAGrp/PersonNm11LAURA HART
IRS990/Form990PartVIISectionAGrp/PersonNm12LYNN ABRAMS
IRS990/Form990PartVIISectionAGrp/PersonNm13MELISSA EMIDY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1387556
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0244835
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0873524
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012244
IRS990/InsuranceGrp/ProgramServicesAmt09136
IRS990/InsuranceGrp/TotalAmt021380
IRS990/InvestmentIncomeGrp/ExclusionAmt0309
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0309
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012200
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt012200
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/NetAssetsOrFundBalancesBOYAmt0332423
IRS990/NetAssetsOrFundBalancesEOYAmt0410483
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0313423
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0365163
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt016910
IRS990/OccupancyGrp/ProgramServicesAmt014367
IRS990/OccupancyGrp/TotalAmt031277
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08424
IRS990/OfficeExpensesGrp/ProgramServicesAmt06365
IRS990/OfficeExpensesGrp/TotalAmt014789
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05244
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011432
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016676
IRS990/OtherExpensesGrp/Desc0SUPPLIES, MATERIALS AND
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES AND SUB
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020571
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19829
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25639
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38578
IRS990/OtherExpensesGrp/ProgramServicesAmt0183377
IRS990/OtherExpensesGrp/ProgramServicesAmt17703
IRS990/OtherExpensesGrp/ProgramServicesAmt24331
IRS990/OtherExpensesGrp/ProgramServicesAmt366
IRS990/OtherExpensesGrp/TotalAmt0203948
IRS990/OtherExpensesGrp/TotalAmt117532
IRS990/OtherExpensesGrp/TotalAmt29970
IRS990/OtherExpensesGrp/TotalAmt38644
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02350
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02350
IRS990/OtherRevenueTotalAmt02350
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt097561
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0213447
IRS990/OtherSalariesAndWagesGrp/TotalAmt0311008
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09497
IRS990/PayrollTaxesGrp/ProgramServicesAmt034211
IRS990/PayrollTaxesGrp/TotalAmt043708
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08080
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016158
IRS990/PrincipalOfficerNm0MELISSA EMIDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0167625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0167625
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0480016
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0315
IRS990/PYOtherExpensesAmt0211035
IRS990/PYOtherRevenueAmt01500
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt055086
IRS990/PYSalariesCompEmpBnftPaidAmt0215710
IRS990/PYTotalExpensesAmt0426745
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0481831
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt078060
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0169975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0703240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0480016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0380535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0291949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0146305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02002045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0144
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0647
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0813
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt014252
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015261
IRS990ScheduleA/OtherIncome170Grp/TotalAmt039013
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97610
IRS990ScheduleA/PublicSupportPY170Pct00.92670
IRS990ScheduleA/PublicSupportTotal170Amt01992879
IRS990ScheduleA/SubstantialContributorsTotAmt09166
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0703240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0480016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0380535
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0291949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0146305
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02002045
IRS990ScheduleA/TotalSupportAmt02041705
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/DonatedServicesAndUseFcltsAmt0336914
IRS990ScheduleD/DonatedServicesUseFcltsAmt0336914
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012200
IRS990ScheduleD/ExpensesNotReportedAmt0336914
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0795464
IRS990ScheduleD/RevenueNotReportedAmt0336914
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0873524
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0795464
IRS990ScheduleD/TotalRevenuePerForm990Amt0873524
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01210438
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01132378
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0504
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TUTORIAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0HOURLY RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0336914
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
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/ExplanationTxt1INSPIRING 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/ExplanationTxt2ALL EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS 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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3THIS 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/TotalAssetsBOYAmt0352378
IRS990/TotalAssetsEOYAmt0444278
IRS990/TotalAssetsGrp/BOYAmt0352378
IRS990/TotalAssetsGrp/EOYAmt0444278
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0703240
IRS990/TotalEmployeeCnt066

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$444,278
Liabilities
$33,795
Net assets
$410,483
Revenue
$873,524
Expenses
$795,464
Net income
$78,060
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
2022Detailed filing. Detailed filing data is available for this year.$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