Totals
- Total revenue
- $1,663,375
- Total expenses
- $1,389,852
- Contributions and grants received
- $1,448,406
- Grants paid
- $0
- Program service revenue
- $47,662
- Investment income
- $38,209
- Other revenue
- $129,098
- Total assets, end of year
- $3,664,959
- Total liabilities, end of year
- $1,048,177
- Net assets or fund balances, end of year
- $2,616,782
- Program services expenses (Part IX)
- $1,193,714
- Management and general expenses
- $196,138
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,193,714
Program services were 85.9% 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.
-
1c · Fundraising events
$65,578
-
1f · All other contributions, gifts and grants
$1,382,828
-
1g · Noncash contributions included above
$223,505
-
2a · Program service revenue: CHAPTER DUES
total $47,662 · related or exempt $47,662
-
3 · Investment income
total $42,052 · excluded $42,052
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $169 · excluded $169
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $42,580
-
7b · Less cost or other basis and sales expenses
securities $46,423
-
7c · Gain or loss
securities -$3,843
-
7d · Net gain or loss
total -$3,843 · excluded -$3,843
-
8a · Fundraising events: gross income
$225,856
-
8a · Fundraising events: contributions included on line 1c
$65,578
-
8b · Fundraising events: direct expenses
$96,927
-
8c · Net income from fundraising events
total $128,929 · excluded $128,929
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $168,674 · program services $42,169 · management and general $126,505
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $640,239 · program services $640,239
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $18,520 · program services $18,520
-
10 · Payroll taxes
total $63,722 · program services $55,054 · management and general $8,668
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $113 · management and general $113
-
11c · Fees: accounting
total $17,700 · management and general $17,700
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $11,941 · management and general $11,941
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $2,598 · program services $2,598
-
13 · Office expenses
total $22,039 · program services $13,536 · management and general $8,503
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $68,975 · program services $60,202 · management and general $8,773
-
17 · Travel
total $86,695 · program services $73,809 · management and general $12,886
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $99 · management and general $99
-
20 · Interest
total $641 · program services $641
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $64,613 · program services $64,613
-
23 · Insurance
total $12,900 · program services $12,150 · management and general $750
-
24a · Other expenses: STUDENT MEALS AND FOOD
total $117,260 · program services $117,260
-
24b · Other expenses: SHIRTS
total $34,374 · program services $34,374
-
24c · Other expenses: PROGRAM SUPPLIES
total $26,761 · program services $26,761
-
24d · Other expenses: STUDENT ACTIVITIES
total $22,947 · program services $22,947
-
24e · All other expenses
total $9,041 · program services $8,841 · management and general $200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $542,051 · end of year $554,233
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $4,592 · end of year $3,424
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,300 · end of year $1,997
-
10a · Land, buildings and equipment: cost or other basis
$2,023,813
-
10b · Land, buildings and equipment: accumulated depreciation
$206,544
-
10c · Land, buildings and equipment, net
beginning of year $1,784,231 · end of year $1,817,269
-
11 · Investments: publicly traded securities
beginning of year $1,105,645 · end of year $1,239,409
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $20,890 · end of year $19,819
-
15 · Other assets
beginning of year $198,410 · end of year $28,808
-
23 · Secured mortgages and notes payable
beginning of year $1,124,274 · end of year $1,029,418
-
25 · Other liabilities
beginning of year $189,586 · end of year $18,759
-
27 · Net assets without donor restrictions
beginning of year $2,337,259 · end of year $2,610,782
-
28 · Net assets with donor restrictions
beginning of year $6,000 · end of year $6,000
Mission and programs · 2022
Mission
TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES
-
After school program to inspire youth to reach their full potential through education and real life experiences. During the 2021-22 school year, 52 high school students, 40 7-8 graders and 70 3-6 graders benefitted from the program. This year we were able to bring 7-8 graders from the four K8 sites to our headquarters, which gives them an opportunity to all be together and learn to transition into high school.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.For the time period of July 1 to December 31, 2022, IM students achieved a 3.0 GPA average, which reflects through Q2 report cards. All students promoted to the next grade level or graduated in 2022.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.In the time period of January 1 to December 31, 2022, 180 hours of tutoring has been provided to 20 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 2022 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 Cleveland State, University of Cincinnati, Kent State University, Dayton College, and Morgan State.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.
Expenses $774,295
-
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 2022, 52 high school students, 65 7-8 graders and 199 3-6 graders benefitted from the program.The 2022 SEP offered 316 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; toured Chic-fil-A, Toyota of Warren, and the Youngstown Courthouse; went to Fun N Stuff, movies & bowling; different sports; learned about entrepreneurship, financial literacy, and Black inventors; had all-site competitions with a & track/race day.HS students had an even more rigorous program, including: a 5-day trip to Washington, D.C. and toured Howard University; heard from a guest speaker who is a Warren native that is serving as a FBI agent; visited the Eastern Market, which coincided with our summer theme of entrepreneurship and students were able to see how vendors displayed and sold their products; went to the African American History Museum, ate at the famous Bens Chili Bowl restaurant; visited monuments; and saw a 4DX movie, which was the first time for most students to do so. Students were able to tour: Treeman Industries; a private estate with swimming pond and outdoor pizza oven; go to Guardians and Scrappers games. SEP ended with all students participating in a Market Day that showcased businesses they created and sold products.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 THAT IS VALUED AT $40,000.
Expenses $419,419
As filed on the 2022 return.
Listed in Part VII
-
Deryck TolesDERYCK TOLES
CEO
- Total calculated
- $168,674
- From this org
- $159,776
- From related orgs
- $0
- Other
- $8,898
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,776
- Bonus
- $32,000
- Other
- not reported
- Deferred
- $4,793
- Nontaxable benefits
- $4,105
- Filer's total
- $168,674
-
Pastor Joseph WalkerPASTOR JOSEPH WALKER
President
- Total calculated
- $0
- Hours/week
- 2
-
Trinette Simon CPATRINETTE SIMON CPA
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Dean NobleDEAN NOBLE
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Alicia MillerALICIA MILLER
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Angela MossANGELA MOSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carla BaldwinCARLA BALDWIN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tim RaimeyTIM RAIMEY
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Sherri BercheniSHERRI BERCHENI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323119349302592
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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