Bolder Options
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $136.1k
- Employees
- 22
- Location
- Minneapolis, MN
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 41-1909408
Organization Overview
Bolder Options is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2022, Bolder Options employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bolder Options 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 12/2021, Bolder Options generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING YOUTH TO SUCCEED IN ALL OF LIFE'S RACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING PROGRAM SINCE 1993, BOLDER OPTIONS HAS OFFERED TRANSFORMATIONAL AND WELLNESS-BASED MENTORING FOR AT-PROMISE YOUTH DURING A PIVOTAL POINT IN THEIR LIVES AT AGES 10-14. OUR YOUTH ARE FACING LIFE CHALLENGES RELATED TO ACADEMICS, SOCIAL/EMOTIONAL WELL-BEING, FAMILY/PEER RELATIONSHIPS, AND OTHER STRUGGLES, AND ARE STRATEGICALLY MATCHED WITH A VOLUNTEER MENTOR. TOGETHER WITH STAFF, YOUTH SET CLEAR AND ATTAINABLE GOALS TO TRACK THEIR GROWTH AND ACHIEVEMENTS. MENTOR PAIRS MEET WEEKLY FOR 2-4 HOURS FOR ONE YEAR. THE YEAR-LONG PROGRAM HOLISTICALLY FOCUSES ON FOUR KEY PERSONAL DEVELOPMENT AREAS: COMMUNITY CONNECTIVITY, LIFELONG LEARNING, HEALTHY LIVING, AND SOCIAL/EMOTIONAL DEVELOPMENT THROUGH WEEKLY ACTIVITIES PLANNED BY STAFF. IN 2022, THE MENTORING PROGRAM ENGAGED 81 YOUTH AND MENTOR PAIRS, WITH 85% OF YOUTH COMPLETING GOALS AND GRADUATING FROM THE PROGRAM. RELATIONSHIPS ARE THE CENTER OF ALL THAT WE DO AT BOLDER OPTIONS, AND WE RECOGNIZE AND VALUE THE DIVERSITY AMONG US. EMBRACING CULTURAL AND COMMUNITY DIFFERENCES PROVIDE OPPORTUNITIES TO RELATE, ASSOCIATE, AND CONNECT TO THE WORLD IN WAYS THAT ARE PERSONALLY MEANINGFUL. THESE CONNECTIONS ALSO HELP TO INFORM A SENSE OF IDENTITY, SELF-WORTH, AND BELONGING AND OFFER OPPORTUNITIES TO LEARN OF EXPERIENCES UNLIKE OUR OWN. OUR GOAL IS TO ENSURE THE PROMISE OF OUR COMMUNITY'S YOUTH IS REALIZED, REGARDLESS OF THEIR LIFE CIRCUMSTANCES.
ALUMNI PROGRAM AFTER GRADUATION FROM OUR ONE-YEAR MENTORING PROGRAM, YOUTH AND MENTORS CAN REMAIN INVOLVED WITH BOLDER OPTIONS THROUGH OUR ALUMNI PROGRAM, WHICH CULTIVATES LASTING RELATIONSHIPS BETWEEN MENTORS AND MENTEES TO MEET THE NEEDS OF OLDER YOUTH AS THEY PROGRESS ONWARD THROUGH HIGH SCHOOL AND INTO THEIR CAREERS. PARTICIPANTS MEET MONTHLY FOR ACTIVITIES AND EVENTS SPECIFICALLY FOCUSED ON GOAL SETTING AROUND COLLEGE AND CAREER, LEADERSHIP, AND COMMUNITY CONNECTIVITY. MONTHLY MENTOR MEET-UPS ARE ALSO A WAY FOR BOTH CURRENT AND ALUMNI MENTORS TO SUPPORT AND LEARN FROM EACH OTHER. ADDITIONALLY, ALUMNI YOUTH, MENTORS, AND CAREGIVERS CAN JOIN THE ALUMNI PROGRAM ADVISORY BOARD, WHICH HELPS INFORM THE ACTIVITIES OF OUR MENTORSHIP PROGRAM. IN 2022, THE ALUMNI PROGRAM ENGAGED 60 YOUTH. EACH YEAR, 90-100% OF MENTORING PROGRAM GRADUATES OPT TO PARTICIPATE IN OUR ALUMNI PROGRAM, WHICH HAS BECOME A CORE COMPONENT OF OUR WORK AS WE SEEK TO SUPPORT LIFELONG SUCCESS THROUGH LONG-TERM MENTORING RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge Lomeli Director | Trustee | 1 | $0 |
John Mccormick Board Chair | OfficerTrustee | 2 | $0 |
Bill Gaumond Chair & Trea | OfficerTrustee | 5 | $0 |
Kellie Hand Director | Trustee | 1 | $0 |
Lou Close Board Vice C | OfficerTrustee | 2 | $0 |
Ray Hitchcock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,592,165 |
| Investment income | $229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,641 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,424 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,542,098 |
| Statement of Expenses | |
|---|---|
| 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. | $160,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $556,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,556 |
| Payroll taxes | $57,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $99,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $965 |
| Advertising and promotion | $7,560 |
| Office expenses | $46,725 |
| Information technology | $20,727 |
| Royalties | $0 |
| Occupancy | $64,223 |
| Travel | $12,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,005 |
| Interest | $35,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,580 |
| Insurance | $40,105 |
| All other expenses | $0 |
| Total functional expenses | $1,375,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,161 |
| Savings and temporary cash investments | $51,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $136,120 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,866,932 |
| Accounts payable and accrued expenses | $74,534 |
| 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 | $721,929 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $796,463 |
| Net assets without donor restrictions | $884,349 |
| Net assets with donor restrictions | $186,120 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,070,469 |