Civic Intelligence

Young Masterminds Initiative Inc

990 • Fiscal year 2020 • EIN 83-1429530

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

Organization Profilewww.youngmastermindsintiativeinc.com
325 Macon StreetBrooklyn, NY 11216

(917) 742-1744

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE O50 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE O50 • <$500k nonprofits • Source year 2020

Net Margin

92nd percentile

74%

Higher net margin than 92% of similar nonprofits.

2020 filings • NTEE O50 • <$500k nonprofits • Source year 2020

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2020 filings • NTEE O50 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

$33,569

No earlier filing loaded for comparison.

Net Assets

$33,569

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin92nd percentile

Revenue

$45,427

No earlier filing loaded for comparison.

Expenses

$11,858

No earlier filing loaded for comparison.

Net Income

$33,569

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.

$200K$150K$100K$50K$0Assets 2020: $33,569Liabilities 2020: $0Net Assets 2020: $33,5692020Assets 2021: $37,653Liabilities 2021: $0Net Assets 2021: $37,6532021Assets 2022: $41,375Liabilities 2022: $0Net Assets 2022: $41,3752022Assets 2023: $104,209Liabilities 2023: $0Net Assets 2023: $104,2092023Assets 2024: $185,699Liabilities 2024: $1,847Net Assets 2024: $183,8522024

Highlighted filing

2020

Assets$33,569
Liabilities$0
Net Assets$33,569
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2020: $45,427Expenses 2020: $11,858Net Income 2020: $33,5692020Revenue 2021: $60,511Expenses 2021: $56,427Net Income 2021: $4,0842021Revenue 2022: $170,102Expenses 2022: $128,727Net Income 2022: $41,3752022Revenue 2023: $299,143Expenses 2023: $194,376Net Income 2023: $104,7672023Revenue 2024: $389,377Expenses 2024: $295,991Net Income 2024: $93,3862024

Highlighted filing

2020

Revenue$45,427
Expenses$11,858
Net Income$33,569
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$45,427
Mission and Program Overview

Mission

Helping young children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$33,569-
Total Assets$0$33,569▲ $33,569
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$33,569-
Total Net Assets Fund Balance$0$33,569▲ $33,569
Total Liabilities and Net Assets / Fund Balance$0$33,569▲ $33,569
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Manuel AlmonteOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,427
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$33,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$4,793--$4,793
Fees for Services Other$3,256--$3,256
Information Technology$1,586--$1,586
Fees for Services Legal$1,350--$1,350
Advertising$650--$650
Fees for Services Management$223--$223
Total Functional Expenses$11,858$0$0$11,858
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$45,427$45,427-$45,427
Total Events$45,427$45,427-$45,427
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
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
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

“Presented and Reviewed along with P&L to ensure accuracy”

Conflict of interest policy compliance Part VI line 12C

“Its written that it must be disclosed and voted on if to be allowed to continue.”

Governing documents etc available to public Part VI line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Young Masterminds Initiative Inc
EIN
83-1429530
Address
325 MACON STREET, Brooklyn, NY 11216

Signing Officer

Name
Manuel Almonte
Title
Officer
Phone
9177421744
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
1
Employees
0

Preparer

Firm
Freedom Tax Service LLC
Address
600 W Hallandale Bch Blvd Ste 4, Hallandale Beach, FL 33009
Preparer
Jesus Zacarias Abikarram
Phone
9544542080
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Office supplies and software”

List of other expenses Part IX line 24E

“TRAVEL”

Raw XML Appendix243 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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IRS990/BooksInCareOfDetail/PhoneNum09177421744
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IRS990/CYRevenuesLessExpensesAmt033569
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/Desc0TO PROMOTE SUCCESS AND SELF ESTEEM THROUGH PERSONAL DEVELOPEMENT
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/DonorAdvisedFundInd0false
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IRS990/EmployeeCnt00
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IRS990/ExpenseAmt011858
IRS990/FamilyOrBusinessRlnInd0false
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt045427
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt045427
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01586
IRS990/InformationTechnologyGrp/TotalAmt01586
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Helping young children
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt033569
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt033569
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt033569
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt045427
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt045427
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045427
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt045427
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt045427
IRS990ScheduleA/Total509Grp/TotalAmt045427
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt045427
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt045427
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045427
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt045427
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045427
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045427
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt045427
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Presented and Reviewed along with P&L to ensure accuracy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Its written that it must be disclosed and voted on if to be allowed to continue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE SUPPLIES AND SOFTWARE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAVEL
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/Filer/EIN0831429530
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371869599
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 W Hallandale Bch Blvd Ste 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hallandale Beach
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033009
ReturnHeader/PreparerPersonGrp/PhoneNum09544542080
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jesus Zacarias Abikarram
ReturnHeader/ReturnTs02021-05-16T09:49:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MANUEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALMONTE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,569
Liabilities
$0
Net assets
$33,569
Revenue
$45,427
Expenses
$11,858
Net income
$33,569
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.02$1.84$3.89$2.96$0.93
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$2.99$1.94$1.05
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$1.70$1.29$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.61$0.56$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.45$0.12$0.34