Inspiring Minds is located in Warren, OH. The organization was established in 2011. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Inspiring Minds employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiring Minds 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 12/2023, Inspiring Minds generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deryck Toles CEO | Officer | 40 | $171,886 |
Pastor Joseph Walker President | OfficerTrustee | 2 | $0 |
Trinette Simon CPA Treasurer | OfficerTrustee | 2 | $0 |
Dean Noble Secretary | OfficerTrustee | 2 | $0 |
Alicia Miller Vice President | OfficerTrustee | 2 | $0 |
Angela Moss Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $69,463 |
Related organizations | $0 |
Government grants | $400,000 |
All other contributions, gifts, grants, and similar amounts not included above | $2,123,885 |
Noncash contributions included in lines 1a–1f | $128,296 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,593,348 |
Total Program Service Revenue | $0 |
Investment income | $31,052 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $124 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,599 |
Net Income from Fundraising Events | $129,603 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,759,726 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $105 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $181,445 |
Compensation of current officers, directors, key employees. | $136,084 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $738,134 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $26,319 |
Payroll taxes | $72,311 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,550 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,955 |
Fees for services: Other | $5,443 |
Advertising and promotion | $5,920 |
Office expenses | $29,168 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $99,559 |
Travel | $197,031 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,545 |
Interest | $7,692 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $69,169 |
Insurance | $33,341 |
All other expenses | $22,377 |
Total functional expenses | $1,716,076 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,465,807 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,261 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $8,600 |
Net Land, buildings, and equipment | $2,486,587 |
Investments—publicly traded securities | $1,260,141 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $35,267 |
Other assets | $1,300 |
Total assets | $5,261,963 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,562,482 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $39,049 |
Total liabilities | $1,601,531 |
Net assets without donor restrictions | $3,654,432 |
Net assets with donor restrictions | $6,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $5,261,963 |