Civic Intelligence

World Mind Creation Academy

990 • Fiscal year 2023 • EIN 84-2431330

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 26, 2024

3250 Airport Way S Ste 218Seattle, WA 98134

(425) 677-4288

Siviq Scores

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

Liabilities / Assets

80th percentile

0.10x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.04x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

60th percentile

9.0%

Higher net margin than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$98,088

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

78th percentile

28%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

21%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$207,289

Up $44,843 (+28%) from 2022

Net Assets

Up

$186,554

Up $44,471 (+31%) from 2022

Liabilities

Up

$20,735

Up $372 (+1.8%) from 2022

Revenue

Up

$483,245

Up $83,262 (+21%) from 2022

Expenses

Up

$439,574

Up $107,613 (+32%) from 2022

Net Income

Down

$43,671

Down $24,351 (-36%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2021: $117,530Liabilities 2021: $43,469Net Assets 2021: $74,0612021Assets 2022: $162,446Liabilities 2022: $20,363Net Assets 2022: $142,0832022Assets 2023: $207,289Liabilities 2023: $20,735Net Assets 2023: $186,5542023Assets 2024: $596,298Liabilities 2024: $26,522Net Assets 2024: $569,7762024

Highlighted filing

2023

Assets$207,289
Liabilities$20,735
Net Assets$186,554

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $152,875Expenses 2021: $233,405Net Income 2021: -$80,5302021Revenue 2022: $399,983Expenses 2022: $331,961Net Income 2022: $68,0222022Revenue 2023: $483,245Expenses 2023: $439,574Net Income 2023: $43,6712023Revenue 2024: $798,174Expenses 2024: $439,956Net Income 2024: $358,2182024

Highlighted filing

2023

Revenue$483,245
Expenses$439,574
Net Income$43,671
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 26, 2024
Return Version
2023v5.0
Gross Receipts
$483,245
Mission and Program Overview

Mission

Our mission is to provide holistic support to youth and families from marginalized communities through culturally responsive programs and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$102,137$181,151▲ $79,014
Accounts Receivable$59,654$25,483▼ $34,171
Land, Buildings, and Equipment, Net$655$655→ $0
Total Assets$162,446$207,289▲ $44,843
Liabilities
Accounts Payable and Accrued Expenses$13,112$15,741▲ $2,629
Other Liabilities$7,251$4,994▼ $2,257
Total Liabilities$20,363$20,735▲ $372
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$142,083$186,554▲ $44,471
Total Net Assets Fund Balance$142,083$186,554▲ $44,471
Total Liabilities and Net Assets / Fund Balance$162,446$207,289▲ $44,843

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$655-$655
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yasmin HabibExecutive DirectorFT$90,750$7,338$98,088

Board Members and Trustees

NameTitle
Mares AsfahaPresident
Makda SeyoumSecretary
Bettina DuncanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$483,109
Program Service Revenue
$0
Investment Income
$136
Other Revenue
$0
All Other Contributions
$7,000
Change in Net Assets
$43,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$317,176
Other Expenses$102,398
Grants and Similar Amounts Paid$20,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$151,612$20,137-$171,749
Current Officers, Directors, Trustees, and Key Employees$80,110$10,640-$90,750
Other Employee Benefits$25,314$3,362-$28,676
Payroll Taxes$22,952$3,049-$26,001
Office Expenses$21,419$1,883-$23,302
Grants to Domestic Individuals$20,000--$20,000
Occupancy$16,856--$16,856
Other Expenses$15,098$195-$15,098
Advertising$8,363$108-$8,471
Information Technology$5,422$2,191-$7,613
Fees for Services Other$6,675$723-$7,398
Fees for Services Accounting-$3,565-$3,565
Insurance$2,376--$2,376
Travel$262--$262
Total Functional Expenses$388,034$51,540$0$439,574
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,994
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

The 990 will be e-mailed to board members and members will be asked to respond back with questions or approve the 990 for filing.

CEO executive director top management comp Part VI line 15A

Board members make compensation determination for the Executive Director independently without the presence of the Executive Director in the room. Board members pay the Executive Director a fair market value.

Governing documents etc available to public Part VI line 19

Documents are not made available.

Filing and Contact Details

Filer

Filer Name
World Mind Creation Academy
EIN
84-2431330
Address
3250 AIRPORT WAY S STE 218, SEATTLE, WA 98134

Signing Officer

Name
Yasmin Habib
Title
Executive Direc
Phone
2066596432
Signed
2024-04-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Mares Asfaha
Formed
2016
Legal Domicile
Wa
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
5

Preparer

Firm
The Sheriff CPA Services LLC
Address
10340 SE 187th Pl, Renton, WA 98055
Preparer
Shareef Abduhr-Rahmaan
Phone
4257576915
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

PART III, LINE 4B: HERE ARE A FEW OF THE RESPONSES FROM THE SURVEY: I FEEL LIKE THERE SHOULD BE MORE TIME BECAUSE IT GOES FAST AND I REALLY LIKE IT. ONE IMPROVEMENT IS MORE MEETINGS, TWICE A WEEK IS NOT ENOUGH. I WOULD LOVE TO DO THIS PROGRAM AGAIN BECAUSE IT BROUGHT ME A SISTERHOOD I NEVER HAD AND A COMMUNITY EXPERIENCING NEW THINGS I HAVENT DONE WHICH I LOVED. THE PROGRAM SHOULD BE CONTINUED AND WOULD BE LOVED BY OTHER UPCOMING GIRLS. I LOVE LAB, I AM GOING TO REALLY MISS IT. I LOVED EVERYONE IN THE PROGRAM AND I HOPE TO DO THIS AGAIN. PART III, LINE 4A: The programs effectiveness is magnified by the positive outcomes reported by participants: 123% of girls reported an increased supportive community connection and sense of belonging. 118% mentioned an increase in opportunities leading to positive cultural identity development. 118% noticed an increase in their skills and confidence due to the program. 123% learned important skills they believe will aid in their future success. 123% reported an increase in communication skills facilitating healthier relationships and improved critical thinking. Participant feedback underscored the significance of our continuous quality improvement approach. Our mentors diligently incorporated participant feedback, affecting all steps of the program planning and implementation. Daily wellness check-ins and invitations to co-create aspects of the program cultivated a genuine sense of connection and trust. Highlighting our impact are the following comments from participants that affirm the programs welcoming and supportive environment: Client 75: I like that everyone is friendly and welcoming and all in all a great environment to be around. Clients 79 and 83: We feel so comfortable with the mentors, we feel like you guys are our big sisters, like friends and family. Another participant: What I really liked about coming to LAB is the welcome feeling. Not the normal type though, the sort of welcomeness you can only feel when you see someone who looks like you and you can relate to. These testimonials are invaluable and speak directly to the inclusive environment fostered by our all BIPOC staffa place where young East African girls can feel represented and seen, which has been a key goal of the program. In summary, the LAB program has proven robust, with high recruitment and retention rates, and a clear, positive impact on its participants lives, making it a strong and highly valued part of our community. PART III, LINE 4B: While in the program, youth are provided with enrichment and team building opportunities while being engaged as leaders in the development of youth centered community building projects. An important aspect of the program is the Mindfulness Curriculum which serves to provide youth with a self care tool that helps them emotionally regulate and destress.In 2023 the YCB Program significantly enhanced its capacity to foster a safe, engaging, and inclusive environment for BIPOC students. We achieved this by providing our staff with positive discipline training and implementing a refreshed curriculum that championed student choice. Additionally, our staff participated in specialized workshops like Undoing Institutional Racism and Culturally Responsive Programming Training, improving our visa to serve students of East African and other multicultural backgrounds better.One notable success of our program was the increase in the number of East African boys who regularly participate during programming, a group of students that has historically proven difficult to engage and retain in programming. Additionally, we have noticed marked improvement in the emotional capacity and processing of our students, particularly among boys from the Rainier Vista community. Our mentors persistent efforts using positive discipline strategies helped client 48, who initially struggled with emotional outbursts, significantly improve his emotional processing abilities. Furthermore, the students enthusiastically

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS IN THE LEADERSHIP & BUSINESS DEVELOPMENT PROGRAM RECEIVE $400 STIPENDS FOR COMPETITION OF THE PROGRAM. COMPLETION OF THE PROGRAM IS ALL THAT IS NEEDED TO BE AWARDED THE STIPEND. COMPETITION MEANS:1. ATTENDING AT LEAST 80% OF SESSIONS;2. PARTICIPANT MEETS THE TIME MANAGEMENT REQUIREMENT OF ON-TIME ARRIVAL FOR ALL SESSIONS;3. PARTICIPANT DEMONSTRATES AUTHENTIC ENGAGEMENT EFFORTS IN ALL ACTIVITIES AND PROJECTS (GROUP DISCUSSIONS AND GROUPMISSIONS, ETC.);4. PARTICIPANT COMPLETES THE END OF PROGRAM SURVEY;5. PARTICIPANT RECEIVES STIPENDS IN THE FORM OF CHECKS. CHECKS ARE VERIFIED BY AGENCY STAFF, TRACKED BY AGENCYS ACCOUNTING SYSTEM AND BOOKKEEPER ALONG WITH DOCUMENTATION OF BANK PROCESSED IMAGE OF EACH CHECK CASHED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 will be e-mailed to board members and members will be asked to respond back with questions or approve the 990 for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members make compensation determination for the Executive Director independently without the presence of the Executive Director in the room. Board members pay the Executive Director a fair market value.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART III, LINE 4B: HERE ARE A FEW OF THE RESPONSES FROM THE SURVEY: I FEEL LIKE THERE SHOULD BE MORE TIME BECAUSE IT GOES FAST AND I REALLY LIKE IT. ONE IMPROVEMENT IS MORE MEETINGS, TWICE A WEEK IS NOT ENOUGH. I WOULD LOVE TO DO THIS PROGRAM AGAIN BECAUSE IT BROUGHT ME A SISTERHOOD I NEVER HAD AND A COMMUNITY EXPERIENCING NEW THINGS I HAVENT DONE WHICH I LOVED. THE PROGRAM SHOULD BE CONTINUED AND WOULD BE LOVED BY OTHER UPCOMING GIRLS. I LOVE LAB, I AM GOING TO REALLY MISS IT. I LOVED EVERYONE IN THE PROGRAM AND I HOPE TO DO THIS AGAIN. PART III, LINE 4A: The programs effectiveness is magnified by the positive outcomes reported by participants: 123% of girls reported an increased supportive community connection and sense of belonging. 118% mentioned an increase in opportunities leading to positive cultural identity development. 118% noticed an increase in their skills and confidence due to the program. 123% learned important skills they believe will aid in their future success. 123% reported an increase in communication skills facilitating healthier relationships and improved critical thinking. Participant feedback underscored the significance of our continuous quality improvement approach. Our mentors diligently incorporated participant feedback, affecting all steps of the program planning and implementation. Daily wellness check-ins and invitations to co-create aspects of the program cultivated a genuine sense of connection and trust. Highlighting our impact are the following comments from participants that affirm the programs welcoming and supportive environment: Client 75: I like that everyone is friendly and welcoming and all in all a great environment to be around. Clients 79 and 83: We feel so comfortable with the mentors, we feel like you guys are our big sisters, like friends and family. Another participant: What I really liked about coming to LAB is the welcome feeling. Not the normal type though, the sort of welcomeness you can only feel when you see someone who looks like you and you can relate to. These testimonials are invaluable and speak directly to the inclusive environment fostered by our all BIPOC staffa place where young East African girls can feel represented and seen, which has been a key goal of the program. In summary, the LAB program has proven robust, with high recruitment and retention rates, and a clear, positive impact on its participants lives, making it a strong and highly valued part of our community. PART III, LINE 4B: While in the program, youth are provided with enrichment and team building opportunities while being engaged as leaders in the development of youth centered community building projects. An important aspect of the program is the Mindfulness Curriculum which serves to provide youth with a self care tool that helps them emotionally regulate and destress.In 2023 the YCB Program significantly enhanced its capacity to foster a safe, engaging, and inclusive environment for BIPOC students. We achieved this by providing our staff with positive discipline training and implementing a refreshed curriculum that championed student choice. Additionally, our staff participated in specialized workshops like Undoing Institutional Racism and Culturally Responsive Programming Training, improving our visa to serve students of East African and other multicultural backgrounds better.One notable success of our program was the increase in the number of East African boys who regularly participate during programming, a group of students that has historically proven difficult to engage and retain in programming. Additionally, we have noticed marked improvement in the emotional capacity and processing of our students, particularly among boys from the Rainier Vista community. Our mentors persistent efforts using positive discipline strategies helped client 48, who initially struggled with emotional outbursts, significantly improve his emotional processing abilities. Furthermore, the students enthusiastically
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