Form 990 for tax year 2023

Totals

Total revenue

$2,759,726

Total expenses

$1,716,076

Contributions and grants received

$2,593,348

Grants paid

$105

Program service revenue

$0

Investment income

$36,651

Other revenue

$129,727

Total assets, end of year

$5,261,963

Total liabilities, end of year

$1,601,531

Net assets or fund balances, end of year

$3,660,432

Program services expenses (Part IX)

$1,495,821

Management and general expenses

$220,255

Fundraising expenses

$0

Program service expenses (Part III)

$1,495,821

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• After school program to inspire youth to reach their full potential through education and real-life experiences. During the 2022-23 school year, 54 high school students, 40 7-8 graders and 70 3-6 graders benefitted from the program.Students in grades 3-12 participate in out-of-school learning focusing on: Education; College & Career Readiness; Health & Wellness, Personal Development; & Exposure to New Experiences. Space is available on a first-come, first-served basis; however high school students are able to participate from acceptance until graduation or if they choose not to continue.Education support improves academic performance, focuses on STEM concepts, reading & comprehension, entrepreneurship, financial literacy, homework completion & tutoring.College & Career Readiness activities include visits to colleges across the country, assistance with applications & scholarships, ACT/SAT prep & FAFSA completion. IM provides professional development & job training through resume building, mock interviews, proper dress etiquette & industry exploration tours.IM promotes Health & Wellness as youth learn about the benefits of leading a healthy, well-rounded lifestyle through physical fitness, nutrition & personal hygiene. Youth participate in physical activities to reduce obesity & improve self-esteem. Youth also learn about gardening & cooking in our onsite garden and training kitchen.Personal Development activities include service-learning projects to developing skills, attitudes & personal qualities that enable students to effectively navigate their environment, work well with others, perform well & achieve their goals.Exposure to New Experiences is designed to demonstrate to students how their dreams can take them anywhere. IM coordinates trips to provide new, eye-opening experiences that embrace culture, arts, hobbies, & interests to expose students to different ways of life & possibilities so they know what is available to them in the future if they set goals, work hard & persevere.To provide ongoing support to recent high school grads & young adults ages 17-25, IM provides Summer Career Development Program, an immersive workforce learning experience for young adults & to retain talent for the area.At the completion of the 2022-23 school year, all students promoted to the next grade level or graduated.To make certain that students are on track, IM programming includes: monitoring academic performance, offering tutoring/interventions for students struggling in one or more subjects, and taking students on college and college-related visits to ignite excitement for their future.During the 2022-23 school year, 200 hours of tutoring has been provided to 22 HS students in the subjects of English, history, algebra, geometry, pre-calculus, chemistry, physics, and general science. During the after-school program students use ProgressBook, a classroom management solution that integrates grade book, lesson plan development, attendance, special education, and parent communication into one comprehensive, web-based system, to review their GPA, assignments and attendance which is then checked by IM staff. Any student with grades of D or F are flagged to receive tutoring. IM mentors also reinforce with the students the concept of staying on target with academics. IM staff has built a relationship with Warren G. Harding High School and is able to participate in students Individualized Education Program (IEP) meetings along with parents to help make sure that students succeed. IM also encourages parents to participate in parent-teacher conferences.In 2023 our college-going seniors have completed FAFSA, ACT/SAT testing, college applications, and scholarship applications as part of their post-high school preparations. Students have toured Kent State University, Penn State Shenango, and attended an HBCU College Fair in Cleveland and the MPower Men of Color Summit at Kent. Students also went on industry tours to: Toyota of Warren, Liberty Steel, Meijer, Staples, and Youngstown Business Incubator. For fun rewards, students got to go to a Cleveland Cavaliers game, bowling, and a YSU football game.This program was also supported during the year by in kind donations of services including classroom use valued at $20,000; transportation services to bring students to the program each day and back home that is valued at $10,000, and training services valued at $3,000, videography services valued at $5,000, Advertising services valued at $2,500 and organizational development services valued at $2,500.

  Expenses $1,032,837

• Summer Enrichment Program (SEP) to provide Warren, Ohio, students with a robust educational experience and an opportunity to participate in sports activities, art exploration, community service, swimming lessons, STEM disciplines, and literacy workshops. In 2023, 50 9-12 graders, 45 7-8 graders, and 233 3-6 graders.The 2023 SEP offered 328 students a robust educational experience. Elementary students participated in: daily health & fitness instruction, a review of the IM Code, which is a set of guidelines to follow to be successful & productive; swimming lessons; arts, culture & music activities; computer labs; board games; college/career readiness research; movies & bowling; different sports; learned about Black inventors; and had all-site competitions with a & track/race day.High school students took a trip to Charleston, S.C. and visited Savannah State University, The Charleston Museum, and Folly Beach, and met Queen Quet while on a tour of the Gullah Geechee culture, to name a few highlights. The summer included financial literacy, physical fitness, summer learning, and arts. Students also began to learn American Sign Language and every student learned to sign their name.College visits included: Notre Dame College, Baldwin Wallace, University of Akron, University of Pittsburgh, Kent State University Trumbull (Youth Expo), and The Ohio State University.Both HS, 7-8, and 3-6 worked with on-site staff from Duke University learning about Artificial Intelligence (AI) concepts. One of the highlights of the summer was the culmination of entrepreneurial lessons when IM held its 2nd Annual outdoor Youth Summer Market in which students showcased their businesses and sold their foods and products. It was well received by the community and students thoroughly enjoyed learning about financial literacy and how to run a business.This program was also supported during the year by in kind donations of services including classroom use valued at $30,000 and transportation services to bring students to the program each day and back home, as well as, field trips that is valued at $40,000.

  Expenses $462,984

As filed on the 2023 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Inspiring Minds of Youngstown Inc

  501C3 · TO ENGAGE INSPIRE AND EMPOWER YOUTH · OH · controlled entity

  Directly controlled by INSPIRING MINDS INC

Provenance

Return type

form_990

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v5.1

Source object

202443199349313644

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