Platinum Minds Inc
- Assets
- $25.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chester, NJ
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-8826409
Organization Overview
Platinum Minds Inc is located in Chester, NJ. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platinum Minds Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Platinum Minds Inc generated $62.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $98.2k during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
HELPING DISADVANTAGED YOUTH REACH THEIR HIGHEST POTENTIAL THROUGH EDUCATION OPPORTUNITIES AND LEADERSHIP TRAINING. NINETY-SEVEN PERCENT OF OUR SCHOLARS GRADUATE HIGH SCHOOL, TO TO COLLED AND RECEIVE ACADEMIC, SPORTS OR NEEDS- BASED SCHOLARSHIPS AND FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Long Executive Director | 20 | $41,395 | |
Janaka Desilva Treasurer | 0 | $0 | |
Tanya Jeffords Trustee | 0 | $0 | |
Karen Kirby Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,193 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,315 |
| Other Revenue | $222 |
| Total Revenue | $62,730 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,395 |
| Professional fees and other payments to independent contractors | $6,789 |
| Occupancy, rent, utilities, and maintenance | $4,175 |
| Printing, publications, postage, and shipping | $2,852 |
| Other expenses | $43,034 |
| Total expenses | $98,245 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,185 |
| Other assets | $0 |
| Total assets | $25,554 |
| Total liabilities | $16,701 |
| Net assets or fund balances | $8,853 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Platinum Minds Inc has recieved totaling $5,531.
| Awarding Organization | Amount |
|---|---|
Waldele Family Foundation Inc Stirling, NJ PURPOSE: SUPPORT CAUSE | $3,000 |
Provident Bank Foundation Inc Iselin, NJ PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |
Man Up Inc Brooklyn, NY | $3,303,421 | $3,938,909 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |