Rebound Inc
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 74
- Location
- Minneapolis, MN
- Founding
- 08/2014
- Data as of
- 10/2023
- EIN
- 47-1546411
Organization Overview
Rebound Inc is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 10/2023, Rebound Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rebound 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 10/2023, Rebound Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $2.2m during the year ending 10/2023. While expenses have increased by 23.5% per year over the past 8 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
LEAD THE WAY IN THE INNOVATION AND PROVISION OF EVIDENCE BASED AND COMMUNITY CENTERED EDUCATION, ADVOCACY, AND REHABILITATION SOLUTIONS TO THE ISSUES FACING THE BLACK COMMUNITY IN THE TWIN CITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THIS FISCAL YEAR, REBOUND CONTINUED TO RUN THREE CULTURALLY SPECIFIC THERAPEUTIC RESIDENTIAL GROUP HOMES/SHELTER PROGRAMS IN MINNEAPOLIS (MINNEAPOLIS - JORDAN HOUSE - BOYS; NAIMA HOUSE - GIRLS; ST. PAUL - JELANI HOUSE - BOYS). NUMBERS OF YOUTH SERVED - JORDAN: 4 (INACTIVE FROM 2/11/2023 10/31/2023; PERMANENTLY CLOSED ON 12/31/2023); NAIMA: 17; JELANI: 17.
REBOUND INC. SERVES YOUTH ON PROBATION IN ITS 1:1 MENTOR PROGRAM. THIS CONTRACT WAS EXTENDED THROUGH DECEMBER 2026.REBOUND CONTINUED TO RUN A MULTI-FACETED AFTER CARE PROGRAM FOR YOUTH WHO HAVE BEEN AFFECTED BY OUT OF HOME PLACEMENTS. AFTERCARE COMMUNITY BASED SUPPORT PROGRAMS CONTINUED TO WORK WITH YOUTH WHO HAVE TRANSITIONED BACK INTO THEIR COMMUNITIES BY PROVIDING GROUP ACTIVITIES, OUTINGS, PSYCHO-SOCIAL GROUPS, AND SOCIAL SERVICE REFERRALS/SUPPORT. THE OTHER TWO AFTER CARE PROGRAMS (EXTENDED FOSTER CARE AND AFTERCARE TRANSITIONAL SUPPORT) CONTINUED TO GROW DURING THIS FISCAL YEAR. BOTH PREVENT YOUTH HOMELESSNESS THROUGH THE ELIMINATION OF AND SUPPORT THROUGH OBSTACLES THAT YOUNG PEOPLE FACE. EFC HELPS YOUTH BECOME AND REMAIN ELIGIBLE FOR THEIR EXTENDED FOSTER CARE BENEFITS INCLUDING HOUSING SUPPORT AS NEEDED. AND ATS HELPS 18 - 24 YEAR OLDS WITH A HISTORY OF PROBATION TO FIND AND SUSTAIN THEIR OWN APARTMENT THROUGH DEPOSIT AND RENTAL ASSISTANCE.
REBOUND INC CONTINUED TO SERVED YOUTH AND FAMILIES IN THE COMMUNITY THROUGH THE ONGOING UJIMA FAMILY RESILIENCE PROGRAM. THIS PROGRAM, WHICH BEGAN IN 2018, PROVIDES FOOD ASSISTANCE/WEEKLY CATERED MEALS, TRANSPORTATION AMENITIES, AND SUPPORT THAT HELP FAMILIES WITH FAMILY STRUCTURE, DYNAMICS, AND CHILD ENGAGEMENT. FAMILIES IN UJIMA PARTAKE IN FUN ACTIVITIES, CRAFTS, DISCUSSIONS FROM A FAMILY COPING CURRICULUM, WHILE MORE IMPORTANTLY HAVE ACCESS TO A SAFE/HEALING SPACE FOR YOUTH AND FAMILIES IN HENNEPIN COUNTY. DURING THIS FISCAL YEAR, THE PROGRAM WAS EXTENDED TO RAMSEY COUNTY AS WELL. THE HENNEPIN CONTRACT FOR THIS PROGRAM HAS BEEN EXTENDED THROUGH DECEMBER 2024. AND THE INITIAL CONTRACT WITH RAMSEY WAS EXTENDED TO MAY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zakia Robbins-Mcneal Board Chair | Trustee | 1 | $0 |
Keedar Whittle Board Member | Trustee | 1 | $0 |
Jaton White Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Carmeann Foster Executive Director | OfficerTrustee | 40 | $175,655 |
Charlene Little Board Chair | Officer | 1 | $39,038 |
Robb Clasen Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,174 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,440 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,614 |
| Total Program Service Revenue | $1,456,035 |
| Investment income | $21,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,662 |
| Net Income from Fundraising Events | -$4,635 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,841,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $311,316 |
| Compensation of current officers, directors, key employees. | $122,756 |
| Compensation to disqualified persons | $14,278 |
| Other salaries and wages | $1,043,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,600 |
| Payroll taxes | $111,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,550 |
| Advertising and promotion | $1,953 |
| Office expenses | $1,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136 |
| Interest | $9,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,435 |
| Insurance | $68,440 |
| All other expenses | $30,028 |
| Total functional expenses | $2,233,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,108 |
| Savings and temporary cash investments | $385,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,342 |
| 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 | $1,953 |
| Net Land, buildings, and equipment | $456,425 |
| Investments—publicly traded securities | $345,005 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,305 |
| Total assets | $1,331,784 |
| Accounts payable and accrued expenses | $103,790 |
| 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 | $86,284 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $190,074 |
| Net assets without donor restrictions | $908,470 |
| Net assets with donor restrictions | $233,240 |
| 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 | $1,331,784 |