Civic Intelligence

Bolder Options

EIN 41-1909408 • 501(c)3 • Minneapolis, MN

Profile

Teaching youth to succeed in all of life's races.

2100 Stevens Avenue SouthMinneapolis, MN 55404

www.bolderoptions.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.36x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.37x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

9.6%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,005,914

Up $213,929 (+12%) from 2023

Liabilities

Down

$726,033

Down $81,327 (-10%) from 2023

Net Assets

Up

$1,279,881

Up $295,256 (+30%) from 2023

Revenue

Up

$1,950,239

Up $171,216 (+9.6%) from 2023

Expenses

Down

$1,670,781

Down $22,841 (-1.3%) from 2023

Net Income

Up

$279,458

Up $194,057 (+227%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,840,450Liabilities 2010: $906,742Net Assets 2010: $933,7082010Assets 2011: $1,803,435Liabilities 2011: $825,771Net Assets 2011: $977,6642011Assets 2012: $1,683,353Liabilities 2012: $814,580Net Assets 2012: $868,7732012Assets 2013: $1,644,592Liabilities 2013: $812,641Net Assets 2013: $831,9512013Assets 2014: $1,665,689Liabilities 2014: $771,033Net Assets 2014: $894,6562014Assets 2015: $1,540,273Liabilities 2015: $816,722Net Assets 2015: $723,5512015Assets 2016: $1,479,330Liabilities 2016: $785,111Net Assets 2016: $694,2192016Assets 2017: $1,547,305Liabilities 2017: $809,824Net Assets 2017: $737,4812017Assets 2018: $1,475,708Liabilities 2018: $804,922Net Assets 2018: $670,7862018Assets 2019: $1,447,155Liabilities 2019: $789,912Net Assets 2019: $657,2432019Assets 2020: $1,671,157Liabilities 2020: $921,297Net Assets 2020: $749,8602020Assets 2021: $1,866,932Liabilities 2021: $796,463Net Assets 2021: $1,070,4692021Assets 2022: $1,702,903Liabilities 2022: $818,872Net Assets 2022: $884,0312022Assets 2023: $1,791,985Liabilities 2023: $807,360Net Assets 2023: $984,6252023Assets 2024: $2,005,914Liabilities 2024: $726,033Net Assets 2024: $1,279,8812024

Highlighted filing

2024

Assets$2,005,914
Liabilities$726,033
Net Assets$1,279,881

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,508,2992010Expenses 2011: $1,360,8442011Expenses 2012: $1,152,4312012Revenue 2013: $895,100Expenses 2013: $948,565Net Income 2013: -$53,4652013Revenue 2014: $1,117,558Expenses 2014: $1,059,703Net Income 2014: $57,8552014Revenue 2015: $819,468Expenses 2015: $987,838Net Income 2015: -$168,3702015Revenue 2016: $898,104Expenses 2016: $934,003Net Income 2016: -$35,8992016Revenue 2017: $1,035,292Expenses 2017: $1,005,288Net Income 2017: $30,0042017Revenue 2018: $1,088,019Expenses 2018: $1,149,711Net Income 2018: -$61,6922018Revenue 2019: $1,130,396Expenses 2019: $1,158,199Net Income 2019: -$27,8032019Revenue 2020: $1,108,504Expenses 2020: $1,026,625Net Income 2020: $81,8792020Revenue 2021: $1,542,098Expenses 2021: $1,375,701Net Income 2021: $166,3972021Revenue 2022: $1,375,579Expenses 2022: $1,543,394Net Income 2022: -$167,8152022Revenue 2023: $1,779,023Expenses 2023: $1,693,622Net Income 2023: $85,4012023Revenue 2024: $1,950,239Expenses 2024: $1,670,781Net Income 2024: $279,4582024

Highlighted filing

2024

Revenue$1,950,239
Expenses$1,670,781
Net Income$279,458

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.73$1.28$1.95$1.67$0.28
2023Detailed filing. Detailed filing data is available for this year.$1.79$0.81$0.98$1.78$1.69$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.70$0.82$0.88$1.38$1.54$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.80$1.07$1.54$1.38$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.92$0.75$1.11$1.03$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.79$0.66$1.13$1.16$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.80$0.67$1.09$1.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.81$0.74$1.04$1.01$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.48$0.79$0.69$0.90$0.93$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.54$0.82$0.72$0.82$0.99$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.67$0.77$0.89$1.12$1.06$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.64$0.81$0.83$0.90$0.95$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.81$0.87$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.83$0.98$1.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.91$0.93$1.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$2,077,540
Mission and Program Overview

Mission

One-on-one youth mentoring program that works to reduce truancy and juvenile deliquency by using running & biking, academic goal setting and volunteerism to build self-esteem and encourage healthy habits in 10-15 year old youth.

Preparing youth to succeed in all of life's races.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$975,507$916,379▼ $59,128
Savings and Temporary Cash Investments$360,513$335,729▼ $24,784
Pledges and Grants Receivable$93,628$304,752▲ $211,124
Cash and Non-Interest-Bearing Accounts$224,995$295,545▲ $70,550
Investments Other Securities$131,656$146,448▲ $14,792
Prepaid Expenses and Deferred Charges$5,686$7,061▲ $1,375
Total Assets$1,791,985$2,005,914▲ $213,929
Liabilities
Mortgage Notes Payable Secured by Investment Property$697,140$683,592▼ $13,548
Accounts Payable and Accrued Expenses$82,255$21,431▼ $60,824
Other Liabilities$27,865$21,010▼ $6,855
Deferred Revenue$100--
Total Liabilities$807,360$726,033▼ $81,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$703,574$796,933▲ $93,359
Net Assets With Donor Restrictions$281,051$482,948▲ $201,897
Total Net Assets Fund Balance$984,625$1,279,881▲ $295,256
Total Liabilities and Net Assets / Fund Balance$1,791,985$2,005,914▲ $213,929

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$690,156$873,718$1,563,874
Land$201,375-$201,375
Equipment$18,848$45,236$64,084
Other Land Buildings$6,000$14,000$20,000
Other Securities$11,532--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$131,656-▲ $16,344-$146,448
2023$117,697-▲ $15,614-$131,656
2022$136,120-▼ $17,106-$117,697
2021$113,288-▲ $22,832-$136,120
2020$96,688$7,000▲ $21,476$10,738$113,288
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darrell ThompsonPresident & CEOFT$156,356$4,677$161,033
April RiordanChief Operating OfficerFT$123,605$3,708$127,313

Board Members and Trustees

NameTitle
Bill GaumondBoard Chair
Dave JonesDevelopment Chair
Keith NelsenGovernance Chair
Melanee MeeganMarketing Chair
Jacob MurrayProgram Chair
Brad BeckerTreasurer/Finance Chair
Brian AldayDirector
Brian BarlowDirector
Cynthia FractionDirector
Ezell JonesDirector
Jasmyn MartinDirector
John HoffmanDirector
John McCormickDirector
Karen PrestDirector
Kellie HandDirector
Maggie RomensDirector
Michael SmithDirector
Robert WadsworthDirector
Rodney YoungDirector
Steve MayleDirector
Marcus SherelsDirectors
Revenue and Support

Revenue Composition

Contributions and Grants
$1,754,521
Program Service Revenue
$0
Investment Income
$16,786
Other Revenue
$178,932
All Other Contributions
$1,295,669
Change in Net Assets
$279,458

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,948,687
Revenue Not Reported on Financial Statements
$1,552
Revenue Not Reported on Form 990
$38,426
Total Revenue per Audited Statements
$1,987,113
Total Revenue per Form 990
$1,950,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,126,535
Other Expenses$512,746
Total Fundraising Expense$259,781
Professional Fundraising Fees$30,000
Grants and Similar Amounts Paid$1,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$714,663$44,310$47,324$806,297
Current Officers, Directors, Trustees, and Key Employees$64,413$16,104$80,517$161,034
Fees for Services Accounting-$79,515-$79,515
Payroll Taxes$59,498$4,579$9,594$73,671
Other Employee Benefits$32,848$11,436$19,244$63,528
Depreciation Depletion$47,152$8,336$3,640$59,128
Occupancy$34,490$9,598$7,556$51,644
Information Technology$3,640$42,048$5,887$51,575
Insurance$36,733$7,752$6,487$50,972
Office Expenses$9,202$16,973$23,661$49,836
Fees for Services Lobbying-$40,000-$40,000
Interest-$34,987-$34,987
All Other Expenses$32,015$544$168$32,727
Fees for Services Professional Fundraising--$30,000$30,000
Pension Plan Contributions$18,968$1,667$1,370$22,005
Conferences and Meetings$6,051$2,173$9,788$18,012
Other Expenses$9,265-$6,588$9,265
Advertising-$2,387$5,380$7,767
Travel$3,342$203$2,577$6,122
Fees for Services Other-$3,333-$3,333
Fees for Service Investment Mgmnt Fees-$1,552-$1,552
Grants to Domestic Individuals$1,500--$1,500
Total Functional Expenses$1,083,503$327,497$259,781$1,670,781

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,691,857
Total Expenses per Form 990$1,670,781
Expenses per Audited Statements$1,669,229
Expenses Not Reported on Form 990$22,628
Expenses Not Reported on Financial Statements$1,552
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$276,166
Fundraising Direct Expenses$127,301
Professional Fundraising Fees$30,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$283,467$202,512$28,924$173,588
Golf Classic$107,630$35,522$15,937$19,585
Total Events$474,079$276,166$125,800$150,366
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$21,010
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

A draft of the Form 990 is prepared by the organization's auditing firm and reviewed by the President & CEO and the Finance Committee before submission to the Board of Directors for final review and approval prior to filing. In accordance with the organization's bylaws, the Board may review and approve the Form 990 electronically.

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

The Conflict of Interest forms are completed annually by the Board of Directors with the Governance Committee Chair's oversight.

Form 990, Part VI, Section B, line 15

The Board of Directors approves the organization's annual budget, which includes salary ranges and anticipated compensation adjustments for staff. The President & CEO's compensation is reviewed annually by the Executive Committee, using comparable salary data from similarly sized nonprofit organizations and compensation surveys such as those published by the Minnesota Council of Nonprofits. Recommendations are presented to and approved by the full Board of Directors. The President & CEO determines compensation for other employees within the parameters of the approved budget, using comparable market data and performance considerations. Bolder Options does not compensate members of its Board of Directors.

Form 990, Part VI, Section C, line 18

All of the applicable documents are available upon request. The Form 990 is also available on the Organization's website.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request. The annual audited financial statements are also available on the Organization's website.

Filing and Contact Details

Filer

Filer Name
Bolder Options
EIN
41-1909408
Phone
6123792653
Address
2100 Stevens Avenue South, Minneapolis, MN 55404

Signing Officer

Name
Darrell Thompson
Title
President & CEO
Phone
6123792653
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darrell Thompson
Formed
1998
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
20
Employees
21
Volunteers
300

Preparer

Firm
BWK Rogers PC
Address
431 South 7th Street Suite 2424, Minneapolis, MN 55415
Preparer
Melissa J Baraibar
Phone
6123325446
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

To provide a predictable stream of funding to programs supported by the endowment.

Part X, Line 2:

The Organization's activities are generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Since the Organization is exempt from federal and state income tax liability, no provision is made for current or deferred income tax expense. The Organization is not a private foundation. Management has determined that the Organization is subject to unrelated business income tax. Management is not aware of any transactions that would impact the Organization's tax-exempt status. The Organization follows the guidance of the Accounting Standard Codification (ASC) 740, Accounting for Income Taxes, related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of positions taken or expected to be taken in a tax return. For the years ended December 31, 2024 and 2023, management of the Organization is not aware of any material uncertain tax positions. All tax-exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the Internal Revenue Code and applicable state statutes. For federal tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those returns.

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IRS990/Desc0Bolder Options delivers a wellness-based youth mentoring program that prepares middle school students to succeed in all of life's races. Each young person is paired with a trained volunteer mentor for a full year of one-to-one mentoring focused on physical, social, and emotional wellness. Youth set and achieve personal physical-wellness goals, build lifelong healthy habits around movement, nutrition, and mental wellness, strengthen community connection through volunteering and service, and reflect on their growth and celebrate success. After completing the first year, youth are invited to continue along Bolder Options' alumni pathway, which provides ongoing opportunities for leadership, service, and career exploration. In 2024, Bolder Options supported 73 youth in 1:1 mentoring relationships, recruited, screened, and trained more than 100 volunteer mentors, and had 548 alumni attendees at events. 1:1 mentoring pairs achieved a 90 percent match completion rate. Through its alumni pathway, Bolder Options continues to engage young people beyond their first mentoring year with opportunities for leadership development, service learning, college and career exploration, scholarships, and outdoor adventure learning. Alumni attendance included 10 graduates of the I Achieve program and 18 graduates of the I Believe program, programs that focus on early career exploration, life skills, and professional skill building. Across all Bolder Options programs, total event attendance reached 1,434, with an additional 644 family members participating in activities that strengthen family and community support around youth success. During 2024, Bolder Options also advanced development of a strategic framework to align its mentoring and alumni stages under one cohesive pathway. The framework integrates the eight dimensions of wellness and strengthens the organization's capacity for long-term impact and growth.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt214677
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt223708
IRS990/Form990PartVIISectionAGrp/PersonNm0Brian Alday
IRS990/Form990PartVIISectionAGrp/PersonNm1John Hoffman
IRS990/Form990PartVIISectionAGrp/PersonNm2Brian Barlow
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Wadsworth
IRS990/Form990PartVIISectionAGrp/PersonNm4Kellie Hand
IRS990/Form990PartVIISectionAGrp/PersonNm5Cynthia Fraction
IRS990/Form990PartVIISectionAGrp/PersonNm6Ezell Jones
IRS990/Form990PartVIISectionAGrp/PersonNm7Rodney Young
IRS990/Form990PartVIISectionAGrp/PersonNm8Maggie Romens
IRS990/Form990PartVIISectionAGrp/PersonNm9Steve Mayle
IRS990/Form990PartVIISectionAGrp/PersonNm10Marcus Sherels
IRS990/Form990PartVIISectionAGrp/PersonNm11Michael Smith
IRS990/Form990PartVIISectionAGrp/PersonNm12John McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm13Karen Prest
IRS990/Form990PartVIISectionAGrp/PersonNm14Jasmyn Martin
IRS990/Form990PartVIISectionAGrp/PersonNm15Melanee Meegan
IRS990/Form990PartVIISectionAGrp/PersonNm16Jacob Murray
IRS990/Form990PartVIISectionAGrp/PersonNm17Brad Becker
IRS990/Form990PartVIISectionAGrp/PersonNm18Bill Gaumond
IRS990/Form990PartVIISectionAGrp/PersonNm19Dave Jones
IRS990/Form990PartVIISectionAGrp/PersonNm20Keith Nelsen
IRS990/Form990PartVIISectionAGrp/PersonNm21Darrell Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm22April Riordan
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Marketing Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16Program Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt17Treasurer/Finance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt19Development Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt20Governance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt21President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22Chief Operating Officer
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