Civic Intelligence

Inspiring Adventurous Minds Educational Foundation

990EZ • Fiscal year 2024 • EIN 92-0767112

Aug 01, 2023 to Jul 31, 2024 • Filed on Nov 14, 2024

11945 W Virginia PkwyMokena, IL 60448

(708) 829-0290

Siviq Scores

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

Liabilities / Assets

91st percentile

0.64x

Higher debt load relative to assets than 91% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.37x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

75th percentile

21%

Higher net margin than 75% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$44,578

No earlier filing loaded for comparison.

Net Assets

$16,215

No earlier filing loaded for comparison.

Liabilities

$28,363

No earlier filing loaded for comparison.

Revenue

$76,775

No earlier filing loaded for comparison.

Expenses

$60,560

No earlier filing loaded for comparison.

Net Income

$16,215

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2024: $44,578Liabilities 2024: $28,363Net Assets 2024: $16,2152024Assets 2025: $20,234Liabilities 2025: $0Net Assets 2025: $20,2342025

Highlighted filing

2024

Assets$44,578
Liabilities$28,363
Net Assets$16,215

Operations Trend

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

$150K$100K$50K$0Revenue 2024: $76,775Expenses 2024: $60,560Net Income 2024: $16,2152024Revenue 2025: $121,210Expenses 2025: $117,191Net Income 2025: $4,0192025

Highlighted filing

2024

Revenue$76,775
Expenses$60,560
Net Income$16,215
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$76,775
Mission and Program Overview

Mission

Provide educ svcs for children

Program Services

DescriptionGrantsExpenses
12 week after-school program sessions for children to learn financing and budgeting, marketing, developing and selling products and sports programs.-$36,500
Organization provides a safe, self-driven environment for children to learn and grow to their full potential through hands-on, project based, educational experience.$10,000$27,500
Morning and afternoon care for students while parents at work. 1 hour before school and 1.5 hours after school. 10 families currently use program throughout school year.-$16,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DANIELLE VOLLMERSecretaryFT$0--
BARBARA SIWINSKIMemberFT$0--
JOHN GARCIAPresident/CEOFT$0--
Filing and Contact Details

Filer

Filer Name
Inspiring Adventurous Minds Educational Foundation
EIN
92-0767112
Phone
7088290290
Address
11945 W VIRGINIA PKWY, MOKENA, IL 60448

Signing Officer

Name
John Garcia
Title
President
Phone
7088290290
Signed
2024-11-14
Discuss with paid preparer
No

Preparer

Firm
Nicholas Tax Solutions Inc
Address
1571 CENTURION LN, NEW LENOX, IL 60451
Preparer
Marc N Tompulis
Phone
8156719742
Supplemental Narrative

Additional Explanations

Form 990-ez, Part III

Part III Program Service Accomplishments - The organization s primary purpose is to provide educational curriculum programs to children from Pre-school to 8th grade in an individualized learning path and hands-on, project based format in the south suburbs of Illinois. In 2024 the organization provided an educational experience to an average of 25-30 students per day. This was possible through a team of educators with advanced degrees in their fields by offering their educational service backgrounds to students. Additionally, donations received from merchants in the community valued at $10,000 for educational materials, devices, computers and accessories to aid low income families. 80,000 estimated in total expenses for salaries, rent, supplies (office and food), and other fees to include insurance, membership fees, maintenance/facilities, technology and software, financial to support the school after-school and during school activities. These expenses are split accordingly for each of the three exempt purpose achievements.

Part I, line 8

Other Revenue: INTEREST INCOME 1099-INT Amount: 10

Part I, line 8

Other Revenue: AFTER SCHOOL INCOME, TECH FEES, FACILITY FEES Amount: 8640

Part I, line 16

Description: ADVERTISING Amount: 31

Part I, line 16

Description: SOFTWARE FEES - ASK MY ACCOUNTANT Amount: 1000

Part I, line 16

Description: BANK CHARGES AND FEES Amount: 113

Part I, line 16

Description: INSURANCE Amount: 1824

Part I, line 16

Description: JOB SUPPLIES Amount: 3339

Part I, line 16

Description: LEGAL AND PROFESSIONAL SERVICES Amount: 456

Part I, line 16

Description: MEALS AND ENTERTAINMENT Amount: 167

Part I, line 16

Description: QUICKBOOKS BANK AND FEES Amount: 746

Part I, line 16

Description: OFFICE SUPPLIES Amount: 2539

Part I, line 16

Description: BUSINESS VEHICLE EXPENSES Amount: 1886

Part I, line 16

Description: ACCOUNTANT FEES Amount: 1000

Part I, line 16

Description: MISC FEES - WWW TAX COM Amount: 12

Part I, line 16

Description: OFFICE EQUIPMENT SUPPLIES Amount: 740

Part I, line 16

Description: BUSINESS USE OF CELL PHONE Amount: 170

Part I, line 16

Description: SUBSCRIPTION FEES Amount: 576

Part I, line 16

Description: ILLINOIS ANNUAL REPORT FEE Amount: 14

Part I, line 20

Description: ANNUAL RENTS TO CHURCH Amount: 10840

Part I, line 20

Description: REPAIRS AND MAINTENANCE Amount: 561

Part II, line 24

Description: UNDEPOSITED FUNDS BOY Amount: 0 EOY Amount: 200

Part II, line 24

Description: ACCOUNTS RECEIVABLE BOY Amount: 0 EOY Amount: 33141

Part II, line 26

Description: 1099NEC WAGES BOY Amount: 0 EOY Amount: 28363

Raw XML Appendix181 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/PhoneNum07088290290
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MOKENA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt033341
IRS990EZ/OtherExpensesTotalAmt014613
IRS990EZ/OtherRevenueTotalAmt08650
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IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE EDUC SVCS FOR CHILDREN
IRS990EZ/ProgramServiceRevenueAmt046625
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Organization provides a safe, self-driven environment for children to learn and grow to their full potential through hands-on, project based, educational experience.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt112 week after-school program sessions for children to learn financing and budgeting, marketing, developing and selling products and sports programs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Morning and afternoon care for students while parents at work. 1 hour before school and 1.5 hours after school. 10 families currently use program throughout school year.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt027500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt136500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt216000
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt028363
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt060560
IRS990EZ/TotalProgramServiceExpensesAmt080000
IRS990EZ/TotalRevenueAmt076775
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationOtherDesc0EDUCATIONAL ORG
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0IAMEF.ORG
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part III Program Service Accomplishments - The organization s primary purpose is to provide educational curriculum programs to children from Pre-school to 8th grade in an individualized learning path and hands-on, project based format in the south suburbs of Illinois. In 2024 the organization provided an educational experience to an average of 25-30 students per day. This was possible through a team of educators with advanced degrees in their fields by offering their educational service backgrounds to students. Additionally, donations received from merchants in the community valued at $10,000 for educational materials, devices, computers and accessories to aid low income families. 80,000 estimated in total expenses for salaries, rent, supplies (office and food), and other fees to include insurance, membership fees, maintenance/facilities, technology and software, financial to support the school after-school and during school activities. These expenses are split accordingly for each of the three exempt purpose achievements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other Revenue: INTEREST INCOME 1099-INT Amount: 10
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Revenue: AFTER SCHOOL INCOME, TECH FEES, FACILITY FEES Amount: 8640
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: ADVERTISING Amount: 31
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: SOFTWARE FEES - ASK MY ACCOUNTANT Amount: 1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description: BANK CHARGES AND FEES Amount: 113
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description: INSURANCE Amount: 1824
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description: JOB SUPPLIES Amount: 3339
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description: LEGAL AND PROFESSIONAL SERVICES Amount: 456
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Description: MEALS AND ENTERTAINMENT Amount: 167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Description: QUICKBOOKS BANK AND FEES Amount: 746
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Description: OFFICE SUPPLIES Amount: 2539
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Description: BUSINESS VEHICLE EXPENSES Amount: 1886
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Description: ACCOUNTANT FEES Amount: 1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Description: MISC FEES - WWW TAX COM Amount: 12
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Description: OFFICE EQUIPMENT SUPPLIES Amount: 740
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Description: BUSINESS USE OF CELL PHONE Amount: 170
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Description: SUBSCRIPTION FEES Amount: 576
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Description: ILLINOIS ANNUAL REPORT FEE Amount: 14
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Description: ANNUAL RENTS TO CHURCH Amount: 10840
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Description: REPAIRS AND MAINTENANCE Amount: 561
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Description: UNDEPOSITED FUNDS BOY Amount: 0 EOY Amount: 200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Description: ACCOUNTS RECEIVABLE BOY Amount: 0 EOY Amount: 33141
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23Description: 1099NEC WAGES BOY Amount: 0 EOY Amount: 28363
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Part I, line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Part I, line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Part II, line 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07088290290
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSPIRING ADVENTUROUS MINDS EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INSP
ReturnHeader/Filer/EIN0920767112
ReturnHeader/Filer/PhoneNum07088290290
ReturnHeader/Filer/USAddress/AddressLine1Txt011945 W VIRGINIA PKWY
ReturnHeader/Filer/USAddress/CityNm0MOKENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060448
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0932249948
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NICHOLAS TAX SOLUTIONS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01571 CENTURION LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW LENOX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060451
ReturnHeader/PreparerPersonGrp/PhoneNum08156719742
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC N TOMPULIS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T14:42:09-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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