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← YOUNG MASTERMINDS INITIATIVE

Form 990 for tax year 2024

Filed by YOUNG MASTERMINDS INITIATIVE.

Totals

Total revenue
$389,377
Total expenses
$295,991
Contributions and grants received
$389,377
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$185,699
Total liabilities, end of year
$1,847
Net assets or fund balances, end of year
$183,852
Program services expenses (Part IX)
$295,991
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$296,771

Program services were 100.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $389,377

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $95,000 · program services $95,000

  • 10 · Payroll taxes

    total $6,488 · program services $6,488

  • 11b · Fees: legal

    total $2,786 · program services $2,786

  • 11c · Fees: accounting

    total $5,588 · program services $5,588

  • 12 · Advertising and promotion

    total $1,197 · program services $1,197

  • 13 · Office expenses

    total $9,657 · program services $9,657

  • 14 · Information technology

    total $2,509 · program services $2,509

  • 17 · Travel

    total $23,659 · program services $23,659

  • 19 · Conferences, conventions and meetings

    total $44,905 · program services $44,905

  • 21 · Payments to affiliates

    total $110 · program services $110

  • 23 · Insurance

    total $5,449 · program services $5,449

  • 24a · Other expenses: Rent

    total $11,400 · program services $11,400

  • 24b · Other expenses: Taxes Licenses

    total $231 · program services $231

  • 24c · Other expenses: Contractors

    total $85,677 · program services $85,677

  • 24d · Other expenses: Reimbursed Medical Expens

    total $1,335 · program services $1,335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $263,282 · end of year $165,699

  • 3 · Pledges and grants receivable

    beginning of year $20,000 · end of year $20,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $197

  • 25 · Other liabilities

    beginning of year $5,846 · end of year $1,847

  • 31 · Retained earnings, endowment or other funds

    beginning of year $277,239 · end of year $183,852

Mission and programs · 2024

Mission

Our Mission is to empower young men from traditionally underserved communities to redefine their futures through relatable mentorship, wellness practices, skill-building, and positive experiences that foster leadership, brotherhood, and personal growth.

Activities or mission (Part I)

Provides mentoring wellness practices skillbuilding and leadership development experiences for young men through outdoor and communitybased programs that foster personal growth connection and purpose

  • Camping to Connect, a flagship program of Young Masterminds Initiative provides transformative outdoor experiences for young men ages 13 and up. Through mentorship,guided group dialogue, and nature immersion, participants explore themes of identity,mental health, leadership, and emotional well-being. Led by adult male mentors who reflect the communities we serve, the program fosters trust, self-awareness and a r

    Expenses $296,771

As filed on the 2024 return.

Listed in Part VII

  • Manuel Almonte

    Board Chair

    Total calculated
    $95,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jamaal Weatherspoon

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Brandon Slaughter

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Andy Isaacson

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Jamian Polk

    Chair of Adv Board

    Total calculated
    $0
    Hours/week
    0
  • David Lopez

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Elizabeth Nunes Bacelar

    Board Member

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202511359349312186

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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