Civic Intelligence

Inspiring Minds

990 • Fiscal year 2023 • EIN 26-1429323

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

837 Woodland St NEWarren, OH 44483

(330) 469-6729

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.58x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

71st percentile

$181,445

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

88th percentile

44%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

66%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,261,963

Up $1,597,004 (+44%) from 2022

Net Assets

Up

$3,660,432

Up $1,043,650 (+40%) from 2022

Liabilities

Up

$1,601,531

Up $553,354 (+53%) from 2022

Revenue

Up

$2,759,726

Up $1,096,351 (+66%) from 2022

Expenses

Up

$1,716,076

Up $326,224 (+23%) from 2022

Net Income

Up

$1,043,650

Up $770,127 (+282%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $16,386Liabilities 2011: $3,320Net Assets 2011: $13,0662011Assets 2012: $218,690Liabilities 2012: $3,312Net Assets 2012: $215,3782012Assets 2013: $373,513Liabilities 2013: $3,777Net Assets 2013: $369,7362013Assets 2014: $226,239Liabilities 2014: $24,500Net Assets 2014: $201,7392014Assets 2015: $532,928Liabilities 2015: $15,487Net Assets 2015: $517,4412015Assets 2016: $499,415Liabilities 2016: $9,072Net Assets 2016: $490,3432016Assets 2017: $800,806Liabilities 2017: $268,989Net Assets 2017: $531,8172017Assets 2018: $1,267,500Liabilities 2018: $256,414Net Assets 2018: $1,011,0862018Assets 2019: $1,448,543Liabilities 2019: $202,595Net Assets 2019: $1,245,9482019Assets 2020: $2,670,841Liabilities 2020: $856,484Net Assets 2020: $1,814,3572020Assets 2021: $3,657,119Liabilities 2021: $1,313,860Net Assets 2021: $2,343,2592021Assets 2022: $3,664,959Liabilities 2022: $1,048,177Net Assets 2022: $2,616,7822022Assets 2023: $5,261,963Liabilities 2023: $1,601,531Net Assets 2023: $3,660,4322023Assets 2024: $5,058,130Liabilities 2024: $1,568,426Net Assets 2024: $3,489,7042024

Highlighted filing

2023

Assets$5,261,963
Liabilities$1,601,531
Net Assets$3,660,432

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $162,669Expenses 2011: $153,230Net Income 2011: $9,4392011Expenses 2012: $205,9072012Revenue 2013: $449,325Expenses 2013: $294,967Net Income 2013: $154,3582013Revenue 2014: $331,628Expenses 2014: $499,625Net Income 2014: -$167,9972014Revenue 2015: $1,030,495Expenses 2015: $714,793Net Income 2015: $315,7022015Revenue 2016: $818,684Expenses 2016: $845,782Net Income 2016: -$27,0982016Revenue 2017: $1,086,729Expenses 2017: $1,045,255Net Income 2017: $41,4742017Revenue 2018: $1,486,761Expenses 2018: $1,007,492Net Income 2018: $479,2692018Revenue 2019: $1,268,467Expenses 2019: $1,033,605Net Income 2019: $234,8622019Revenue 2020: $1,534,001Expenses 2020: $965,592Net Income 2020: $568,4092020Revenue 2021: $1,773,478Expenses 2021: $1,244,576Net Income 2021: $528,9022021Revenue 2022: $1,663,375Expenses 2022: $1,389,852Net Income 2022: $273,5232022Revenue 2023: $2,759,726Expenses 2023: $1,716,076Net Income 2023: $1,043,6502023Revenue 2024: $2,151,949Expenses 2024: $2,322,677Net Income 2024: -$170,7282024

Highlighted filing

2023

Revenue$2,759,726
Expenses$1,716,076
Net Income$1,043,650
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$2,892,128
Mission and Program Overview

Mission

To engage inspire and empower youth to reach their full potential through education and exposure to life changing experiences

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,817,269$2,486,587▲ $669,318
Cash and Non-Interest-Bearing Accounts$554,233$1,465,807▲ $911,574
Investments in Publicly Traded Securities$1,239,409$1,260,141▲ $20,732
Intangible Assets$19,819$35,267▲ $15,448
Prepaid Expenses and Deferred Charges$1,997$8,600▲ $6,603
Other Notes and Loans Receivable, Net$3,424$4,261▲ $837
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$3,664,959$5,261,963▲ $1,597,004
Other Assets Total$28,808$1,300▼ $27,508
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,029,418$1,562,482▲ $533,064
Other Liabilities$18,759$39,049▲ $20,290
Total Liabilities$1,048,177$1,601,531▲ $553,354
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,610,782$3,654,432▲ $1,043,650
Net Assets With Donor Restrictions$6,000$6,000→ $0
Total Net Assets Fund Balance$2,616,782$3,660,432▲ $1,043,650
Total Liabilities and Net Assets / Fund Balance$3,664,959$5,261,963▲ $1,597,004

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,259,811$165,230$2,425,041
Buildings$124,079$15,602$139,681
Equipment$21,231$89,343$110,574
Land$75,300-$75,300
Other Land Buildings$6,166$3,598$9,764
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deryck TolesCEOFT$143,109$38,336$181,445

Board Members and Trustees

NameTitle
Pastor Joseph WalkerPresident
Alicia MillerVice President
Angela MossBoard Member
Carla BaldwinBoard Member
Megan WalkerBoard Member
Sherri BercheniBoard Member
Dean NobleSecretary
Trinette Simon CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,593,348
Program Service Revenue
$0
Investment Income
$36,651
Other Revenue
$129,727
All Other Contributions
$2,123,885
Change in Net Assets
$1,043,650

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
Food Inventory13$122,296Cost
Other Non Cash Contri Table1$3,000Cost
Other Non Cash Contri Table1$3,000Cost
Total Noncash Contributions15$128,296-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,759,726
Revenue Not Reported on Form 990
$494,257
Total Revenue per Audited Statements
$3,253,983
Total Revenue per Form 990
$2,759,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,018,209
Other Expenses$697,762
Grants and Similar Amounts Paid$105
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$738,134--$738,134
Travel$179,050$17,981-$197,031
Current Officers, Directors, Trustees, and Key Employees$45,361$136,084-$181,445
Occupancy$79,647$19,912-$99,559
Payroll Taxes$62,918$9,393-$72,311
Depreciation Depletion$69,169--$69,169
Insurance$32,591$750-$33,341
Office Expenses$22,518$6,650-$29,168
Other Employee Benefits$26,319--$26,319
All Other Expenses$21,910$467-$22,377
Other Expenses$17,071$4,513-$17,071
Fees for Service Investment Mgmnt Fees-$12,955-$12,955
Fees for Services Accounting-$11,550-$11,550
Interest$7,692--$7,692
Conferences and Meetings$6,545--$6,545
Advertising$5,920--$5,920
Fees for Services Other$5,443--$5,443
Grants to Domestic Orgs$105--$105
Total Functional Expenses$1,495,821$220,255$0$1,716,076

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,928,027
Expenses per Audited Statements$1,716,076
Total Expenses per Form 990$1,716,076
Expenses Not Reported on Form 990$211,951
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$245,451
Fundraising Direct Expenses$115,848
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$126,928$117,678$6,632$111,046
Gala$172,695$112,482$26,270$86,212
Total Events$308,654$239,191$112,643$126,548
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$29,683
Payroll Liabilities$3,468
Simple Payable$3,047
Roof Payable$2,850
Rounding$1
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 first reviewed by the treasurer and executive director andthen reviewed and approved by the organizations board prior to filing.

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

Potential conflicts are brought to the board. If a board member is involvedin the conflict they must leave the room while the remaining board membersvote on a decision of action.

Form 990, Part VI, Section B, Line 15A

The board assigns a small group from the board to the executive compensation committee (ecc) to manage the executive directors compensation. The ecc gathers peer group market data to compare total compensation, reviews the executive directors performance evaluation and then collects and summarizes the results to present a recommendation to the board for final approval and documentation.

Form 990, Part VI, Section B, Line 15B

The executive compensation committee (ecc) gathers peer group market data to compare total compensation, reviews the performance evaluation and then collects and summarizes the results to present a recommendation to the board for final approval and documentation.

Form 990, Part VI, Section C, Line 19

The governing documents, by laws, conflict of interest policy, financialstatements and 990 form are available upon request.

Filing and Contact Details

Filer

Filer Name
Inspiring Minds
EIN
26-1429323
Phone
3304696729
Address
837 Woodland St NE, Warren, OH 44483

Signing Officer

Name
Deryck Toles
Title
CEO
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deryck Toles
Formed
2007
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
77
Volunteers
60

Preparer

Firm
S Jones and Associates LLC
Address
1745 Niles Cortland Rd NE Suite 1, Warren, OH 44484
Preparer
Vicki L Mooney CPA
Phone
3303995226
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cash to Accrual Adjustments $309787

Part XII, Line 2D: Other expenses and losses per audited F/S

Cash to Accrual Adjustments $211951

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IRS990/Desc0After school program to inspire youth to reach their full potential through education and real-life experiences. During the 2022-23 school year, 54 high school students, 40 7-8 graders and 70 3-6 graders benefitted from the program.Students in grades 3-12 participate in out-of-school learning focusing on: Education; College & Career Readiness; Health & Wellness, Personal Development; & Exposure to New Experiences. Space is available on a first-come, first-served basis; however high school students are able to participate from acceptance until graduation or if they choose not to continue.Education support improves academic performance, focuses on STEM concepts, reading & comprehension, entrepreneurship, financial literacy, homework completion & tutoring.College & Career Readiness activities include visits to colleges across the country, assistance with applications & scholarships, ACT/SAT prep & FAFSA completion. IM provides professional development & job training through resume building, mock interviews, proper dress etiquette & industry exploration tours.IM promotes Health & Wellness as youth learn about the benefits of leading a healthy, well-rounded lifestyle through physical fitness, nutrition & personal hygiene. Youth participate in physical activities to reduce obesity & improve self-esteem. Youth also learn about gardening & cooking in our onsite garden and training kitchen.Personal Development activities include service-learning projects to developing skills, attitudes & personal qualities that enable students to effectively navigate their environment, work well with others, perform well & achieve their goals.Exposure to New Experiences is designed to demonstrate to students how their dreams can take them anywhere. IM coordinates trips to provide new, eye-opening experiences that embrace culture, arts, hobbies, & interests to expose students to different ways of life & possibilities so they know what is available to them in the future if they set goals, work hard & persevere.To provide ongoing support to recent high school grads & young adults ages 17-25, IM provides Summer Career Development Program, an immersive workforce learning experience for young adults & to retain talent for the area.At the completion of the 2022-23 school year, all students promoted to the next grade level or graduated.To make certain that students are on track, IM programming includes: monitoring academic performance, offering tutoring/interventions for students struggling in one or more subjects, and taking students on college and college-related visits to ignite excitement for their future.During the 2022-23 school year, 200 hours of tutoring has been provided to 22 HS students in the subjects of English, history, algebra, geometry, pre-calculus, chemistry, physics, and general science. During the after-school program students use ProgressBook, a classroom management solution that integrates grade book, lesson plan development, attendance, special education, and parent communication into one comprehensive, web-based system, to review their GPA, assignments and attendance which is then checked by IM staff. Any student with grades of D or F are flagged to receive tutoring. IM mentors also reinforce with the students the concept of staying on target with academics. IM staff has built a relationship with Warren G. Harding High School and is able to participate in students Individualized Education Program (IEP) meetings along with parents to help make sure that students succeed. IM also encourages parents to participate in parent-teacher conferences.In 2023 our college-going seniors have completed FAFSA, ACT/SAT testing, college applications, and scholarship applications as part of their post-high school preparations. Students have toured Kent State University, Penn State Shenango, and attended an HBCU College Fair in Cleveland and the MPower Men of Color Summit at Kent. Students also went on industry tours to: Toyota of Warren, Liberty Steel, M
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IRS990/ProgSrvcAccomActy2Grp/Desc0Summer Enrichment Program (SEP) to provide Warren, Ohio, students with a robust educational experience and an opportunity to participate in sports activities, art exploration, community service, swimming lessons, STEM disciplines, and literacy workshops. In 2023, 50 9-12 graders, 45 7-8 graders, and 233 3-6 graders.The 2023 SEP offered 328 students a robust educational experience. Elementary students participated in: daily health & fitness instruction, a review of the IM Code, which is a set of guidelines to follow to be successful & productive; swimming lessons; arts, culture & music activities; computer labs; board games; college/career readiness research; movies & bowling; different sports; learned about Black inventors; and had all-site competitions with a & track/race day.High school students took a trip to Charleston, S.C. and visited Savannah State University, The Charleston Museum, and Folly Beach, and met Queen Quet while on a tour of the Gullah Geechee culture, to name a few highlights. The summer included financial literacy, physical fitness, summer learning, and arts. Students also began to learn American Sign Language and every student learned to sign their name.College visits included: Notre Dame College, Baldwin Wallace, University of Akron, University of Pittsburgh, Kent State University Trumbull (Youth Expo), and The Ohio State University.Both HS, 7-8, and 3-6 worked with on-site staff from Duke University learning about Artificial Intelligence (AI) concepts. One of the highlights of the summer was the culmination of entrepreneurial lessons when IM held its 2nd Annual outdoor Youth Summer Market in which students showcased their businesses and sold their foods and products. It was well received by the community and students thoroughly enjoyed learning about financial literacy and how to run a business.This program was also supported during the year by in kind donations of services including classroom use valued at $30,000 and transportation services to bring students to the program each day and back home, as well as, field trips that is valued at $40,000.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$1.57$3.49$2.15$2.32$0.17
2023Detailed filing. Detailed filing data is available for this year.$5.26$1.60$3.66$2.76$1.72$1.04
2022Detailed filing. Detailed filing data is available for this year.$3.66$1.05$2.62$1.66$1.39$0.27
2021Detailed filing. Detailed filing data is available for this year.$3.66$1.31$2.34$1.77$1.24$0.53
2020Detailed filing. Detailed filing data is available for this year.$2.67$0.86$1.81$1.53$0.97$0.57
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.20$1.25$1.27$1.03$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.26$1.01$1.49$1.01$0.48
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.27$0.53$1.09$1.05$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$0.82$0.85$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.02$0.52$1.03$0.71$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.02$0.20$0.33$0.50$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.45$0.29$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.01$0.16$0.15$0.01