Civic Intelligence

Inspiring Minds Raleigh-Durham

990 • Fiscal year 2022 • EIN 86-2159341

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 29, 2023

Organization Profileimyouth.org/inspiring-minds-rdu
PO Box 13225Durham, NC 27709

(330) 766-0685

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

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

2022 filings • NTEE O50 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • NTEE O50 • <$500k nonprofits • Source year 2022

Net Margin

86th percentile

47%

Higher net margin than 86% of similar nonprofits.

2022 filings • NTEE O50 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$78,400

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2022 filings • NTEE O50 • <$500k nonprofits • Source year 2022

Asset Growth

99th percentile

2732%

Faster asset growth than 99% of similar nonprofits.

2022 filings • NTEE O50 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

76%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • NTEE O50 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$121,719

Up $117,421 (+2732%) from 2021

Net Assets

Up

$119,806

Up $119,149 (+18135%) from 2021

Liabilities

Down

$1,913

Down $1,728 (-47%) from 2021

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin86th percentile

Revenue

Up

$253,662

Up $109,192 (+76%) from 2021

Expenses

Down

$134,513

Down $9,300 (-6.5%) from 2021

Net Income

Up

$119,149

Up $118,492 (+18035%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$150K$100K$50K$0Assets 2021: $4,298Liabilities 2021: $3,641Net Assets 2021: $6572021Assets 2022: $121,719Liabilities 2022: $1,913Net Assets 2022: $119,8062022Assets 2023: $152Liabilities 2023: $0Net Assets 2023: $1522023

Highlighted filing

2022

Assets$121,719
Liabilities$1,913
Net Assets$119,806
Open 2022 Filing

Operations Trend

Revenue Growth74th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2021: $144,470Expenses 2021: $143,813Net Income 2021: $6572021Revenue 2022: $253,662Expenses 2022: $134,513Net Income 2022: $119,1492022Revenue 2023: $534Expenses 2023: $120,188Net Income 2023: -$119,6542023

Highlighted filing

2022

Revenue$253,662
Expenses$134,513
Net Income$119,149
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 29, 2023
Return Version
2022v5.0
Gross Receipts
$254,662
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
Cash and Non-Interest-Bearing Accounts$2,464$121,719▲ $119,255
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,298$121,719▲ $117,421
Other Assets Total$1,834$0▼ $1,834
Liabilities
Other Liabilities$3,641$1,913▼ $1,728
Total Liabilities$3,641$1,913▼ $1,728
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$657$119,806▲ $119,149
Total Net Assets Fund Balance$657$119,806▲ $119,149
Total Liabilities and Net Assets / Fund Balance$4,298$121,719▲ $117,421
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bree ElzyExecutive DirectorFT$78,400$78,400

Board Members and Trustees

NameTitle
Dr Shaundra DailyPresident
Charmaine GraftonVice President
Dr Kim StansburyBoard Member
Isaac RoachBoard Member
Rev Bernadine AnthonyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$252,817
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$845
All Other Contributions
$252,817
Change in Net Assets
$119,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$84,398
Other Expenses$50,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$47,040$31,360-$78,400
Travel$14,506--$14,506
Occupancy$7,531--$7,531
Payroll Taxes$3,599$2,399-$5,998
Fees for Services Legal-$2,420-$2,420
All Other Expenses$2,183$102-$2,285
Other Expenses$1,707$10,250-$1,707
Insurance-$1,426-$1,426
Fees for Services Accounting-$600-$600
Office Expenses$533--$533
Interest$47--$47
Total Functional Expenses$85,956$48,557$0$134,513
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,845
Fundraising Direct Expenses$1,000
Professional Fundraising Fees$0
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
Payroll Liabilities$1,913
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, Part VI, Section B, Line 11B

“Form 990 is first reviewed by the treasurer and executive director and then reviewed and approved by the organizations board prior to filing.”

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

“The organization conducts periodic reviews and potential conflicts are brought to the board. If a board member is involved in the conflict they must leave the room while the remaining board members vote on a decision of action.”

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

“The board of directors oversee this process and votes to pass compensation. Salary is determined by market value.”

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

“The executive director researches proper compensation of key employees and brings to the board of directors for further review and the board makes final approval of compensation.”

Form 990, Part VI, Section C, Line 19

“The governing documents, by laws, conflict of interest policy, financial statements and 990 form are available upon request.”

Filing and Contact Details

Filer

Filer Name
Inspiring Minds Raleigh-Durham Inc
EIN
86-2159341
Phone
3307660685
Address
PO Box 13225, Durham, NC 27709

Signing Officer

Name
Bree Elzy
Title
Executive Director
Signed
2023-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bree Elzy
Formed
2021
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

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
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is first reviewed by the treasurer and executive director and then reviewed and approved by the organizations board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONDUCTS PERIODIC REVIEWS AND POTENTIAL CONFLICTS ARE BROUGHT TO THE BOARD. IF A BOARD MEMBER IS INVOLVED IN THE CONFLICT THEY MUST LEAVE THE ROOM WHILE THE REMAINING BOARD MEMBERS VOTE ON A DECISION OF ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS OVERSEE THIS PROCESS AND VOTES TO PASS COMPENSATION. SALARY IS DETERMINED BY MARKET VALUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR RESEARCHES PROPER COMPENSATION OF KEY EMPLOYEES AND BRINGS TO THE BOARD OF DIRECTORS FOR FURTHER REVIEW AND THE BOARD MAKES FINAL APPROVAL OF COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, BY LAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND 990 FORM ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990/WebsiteAddressTxt0https://imyouth.org/inspiring-minds-rdu/
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bree Elzy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Inspiring Minds Raleigh-Durham Inc
ReturnHeader/Filer/BusinessNameControlTxt0INSP
ReturnHeader/Filer/EIN0862159341
ReturnHeader/Filer/PhoneNum03307660685
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 13225
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200537941
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0S Jones and Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01745 Niles Cortland Rd NE Suite 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Warren
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044484
ReturnHeader/PreparerPersonGrp/PhoneNum03303995226
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Vicki L Mooney CPA
ReturnHeader/ReturnTs02023-06-29T06:43:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Bree
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,719
Liabilities
$1,913
Net assets
$119,806
Revenue
$253,662
Expenses
$134,513
Net income
$119,149
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$1.20$1.20
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.02$1.20$2.54$1.35$1.19
2021Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.01$1.44$1.44$0.01