Civic Intelligence

Inspiring Young Minds Inc.

990EZ • Fiscal year 2023 • EIN 27-0659568

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization Profilewww.inspiringyoungminds.org
10014 Ave MBrooklyn, NY 11236

(917) 674-6759

Siviq Scores

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

Liabilities / Assets

90th percentile

0.89x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.30x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Net Margin

27th percentile

-4.1%

Higher net margin than 27% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

$25,177

No earlier filing loaded for comparison.

Net Assets

-$3,044

No earlier filing loaded for comparison.

Liabilities

$22,361

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin27th percentile

Revenue

$74,713

No earlier filing loaded for comparison.

Expenses

$77,757

No earlier filing loaded for comparison.

Net Income

-$3,044

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$40K$20K$0-$20KAssets 2023: $25,177Liabilities 2023: $22,361Net Assets 2023: -$3,0442023Assets 2024: $37,546Net Assets 2024: $37,5462024

Highlighted filing

2023

Assets$25,177
Liabilities$22,361
Net Assets-$3,044
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$150K$100K$50K$0-$50KRevenue 2023: $74,713Expenses 2023: $77,757Net Income 2023: -$3,0442023Revenue 2024: $180,276Expenses 2024: $174,830Net Income 2024: $5,4462024

Highlighted filing

2023

Revenue$74,713
Expenses$77,757
Net Income-$3,044
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$74,713
Mission and Program Overview

Mission

Educational College Prep Placem

Program Services

DescriptionGrantsExpenses
OTHER PROGRAM SERVICES-$46,962
Processed 120 admissions apps.110 were accepted to apply to prep schools in the US. Consultants guide kids and parents with admissions/FA apps-$14,656
Annual,hosted 2 day public events attracting over 100 boarding schools from across the country.Allow families to meet admissions personnel.-$14,293
Annual IYM members attend 3-4day enrollment mgmt assoc EMA which is attended by over 1000 boarding/day schools Network and foster relationships-$8,473
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK CHEONGPresidentPT$0--
LOUIS MOOREDirectorPT$0--
MARION CHEONGDirectorPT$0--
JACQUELINE GRAHAM-MILLSDirector/SecretaryPT$0--
SHARI FORDDirectorPT$0--
ASAF HAHAMIDirectorPT$0--
KURT FLEHINGERDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Inspiring Young Minds
EIN
27-0659568
Address
10014 AVE M, BROOKLYN, NY 11236

Signing Officer

Name
Mark Cheong
Title
Mark Cheong
Phone
9176746759
Signed
2024-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Max Tax 1342
Address
1342 ST JOHNS PL STE 2, BROOKLYN, NY 11213
Preparer
Maria Montero-chin
Phone
7185130626
Raw XML Appendix137 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum09176746759
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt010014 AVE M
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011236
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt044141
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025177
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt074713
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3044
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt039106
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/ForeignOfficeInd0false
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IRS990EZ/GrossReceiptsAmt074713
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-3044
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02816
IRS990EZ/OccupancyRentUtltsAndMaintAmt019697
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt220
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt320
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt520
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt620
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK CHEONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LOUIS MOORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARION CHEONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JACQUELINE GRAHAM-MILLS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SHARI FORD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ASAF HAHAMI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6KURT FLEHINGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR/SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Educational College Prep Placem
IRS990EZ/PrintingPublicationsPostageAmt018954
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Processed 120 admissions apps.110 were accepted to apply to prep schools in the US. Consultants guide kids and parents with admissions/FA apps
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Annual,hosted 2 day public events attracting over 100 boarding schools from across the country.Allow families to meet admissions personnel.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Annual IYM members attend 3-4day enrollment mgmt assoc EMA which is attended by over 1000 boarding/day schools Network and foster relationships
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3OTHER PROGRAM SERVICES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt014656
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt114293
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt28473
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt346962
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt044141
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt022361
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt077757
IRS990EZ/TotalProgramServiceExpensesAmt084384
IRS990EZ/TotalRevenueAmt074713
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationOtherDesc0ORGANIZATI
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt074713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt074713
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt074713
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt074713
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt074713
IRS990ScheduleA/TotalSupportAmt074713
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
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK CHEONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MARK CHEONG
ReturnHeader/BusinessOfficerGrp/PhoneNum09176746759
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSPIRING YOUNG MINDS
ReturnHeader/Filer/BusinessNameControlTxt0INSP
ReturnHeader/Filer/EIN0270659568
ReturnHeader/Filer/USAddress/AddressLine1Txt010014 AVE M
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011236
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463157967
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAX TAX 1342
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011213
ReturnHeader/PreparerPersonGrp/PhoneNum07185130626
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA MONTERO-CHIN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-16T11:34:55-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHEONG
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,177
Liabilities
$22,361
Net assets
-$3,044
Revenue
$74,713
Expenses
$77,757
Net income
-$3,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.38$1.80$1.75$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.25$0.22$0.03$0.75$0.78$0.03