Overview
What is Inspiring Minds?
Inspiring Minds is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to empower students by offering tutoring, mentoring, and educational support through meaningful relationships with motivated community members. The organization provides various services, including mentoring and tutorial assistance, aimed at helping students thrive academically and in life. Their goal is to equip students with the necessary skills and confidence to achieve success both in and outside of school.
Official website here: www.inspiringmindsri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Inspiring Minds has achieved a commendable 94% rating from Charity Navigator, indicating strong performance in accountability and financial management. This high score is significant as it reflects the organization's commitment to transparency and responsible stewardship of resources. With 100% of its board members being independent, the organization demonstrates a robust governance structure, essential for maintaining public trust.
The nonprofit excels in various areas, such as having a well-defined conflict of interest policy, a whistleblower policy, and adherence to document retention practices. Its financial health is also notable, evidenced by a low liabilities to assets ratio of 13.12%, which suggests financial stability. Furthermore, the program expense ratio of 68.47% indicates that a substantial portion of its expenditures directly support its mission-driven activities.
However, while the organization showcases excellent governance practices, continual monitoring of its program effectiveness may enhance its overall impact. The focus on maintaining high standards in accountability suggests a strong foundation for future growth and success. Overall, Inspiring Minds stands out as a responsible nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Inspiring Minds?
90% of 12 reviewers on Facebook recommend Inspiring Minds. Here is a summary of their reviews:
Many individuals express disappointment with the organization's lack of communication and management. One review highlighted significant frustration due to a poorly organized workshop and unclear follow-up regarding volunteer opportunities. The reviewer felt their time was not valued, as they experienced delays and a lack of responsiveness in the process, which made it difficult to engage fully with the nonprofit's programs.
On the other hand, despite individual grievances regarding the structure and operations, there remain positive sentiments about the mission of Inspiring Minds. Some appreciate the intention behind the organization and the potential it has to make a difference in the community, indicating a belief in the nonprofit's value and purpose. Overall, while there is a strong sense of dedication among supporters, improvement in organization and communication appears essential to enhance the volunteer experience.
This AI summary has been generated from reviews found on Facebook.
Is Inspiring Minds legitimate?
Inspiring Minds is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inspiring Minds submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $87,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,008
For more financial information, click here
Official website here: www.inspiringmindsri.org
What is the mission statement of Inspiring Minds?
Inspiring Minds' mission is centered around empowering students to excel in their academic pursuits and personal development. By establishing trustworthy relationships, they offer tutoring and mentoring services from motivated community members. Their goal is to support students within their educational journey, ultimately helping them succeed in both school and life. The organization provides a range of programs, including mentoring, tutorial, and educational assistance, all aimed at fostering growth and success among the students they serve.
Official website here: www.inspiringmindsri.org
Who is the CEO of Inspiring Minds?
Melissa Emidy is the Chairman of Inspiring Minds.
Official website here: www.inspiringmindsri.org
What is the revenue of Inspiring Minds?
Inspiring Minds's revenue in 2022 was $873,524.
Official website here: www.inspiringmindsri.org
Who are the executives of Inspiring Minds and what are their salaries?
The average compensation at Inspiring Minds during 2022 was $6,039. There are 66 employees and 504 volunteers at Inspiring Minds.
Here are 14 key members and their salaries:
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- Compensation: $87,556
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Official website here: www.inspiringmindsri.org
Where can I find the form 990 for Inspiring Minds?
Inspiring Minds's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inspiringmindsri.org
Learn more at the official website: www.inspiringmindsri.org
Mission Statement of Inspiring Minds
Inspiring Minds, a nonprofit organization, is committed to empowering students to excel in their academic pursuits and personal lives. They achieve this mission by establishing trusted relationships with community members and offering tutoring, mentoring, and educational services. The organization's mission is to equip students with the necessary support, fostering an environment that encourages their growth and success. By leveraging the expertise and dedication of its community members, Inspiring Minds provides a unique and personalized approach to learning, helping students overcome challenges and achieve their full potential.
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Impact
July, 2024
Inspiring Minds empowers students in Providence, RI to succeed in school and in life through its tutoring, mentoring, and educational services. By providing trusted relationships and dedicated support from inspired community members, Inspiring Minds helps students build the skills and confidence they need to excel academically and beyond. Through its programs, Inspiring Minds makes a tangible impact on the lives of students, helping them reach their full potential and achieve success in their education and future endeavors.
This information is meant to be a general summary of Inspiring Minds. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $309
- Program Service Revenue: $167,625
- Gross Receipts: $873,524
Assets and Liabilities:
- Total Assets: $444,278
- Total Liabilities: $33,795
- Net Assets: $410,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$167,625
Organization Details
Founding Year
1963
Phone
(401) 274-3240Principal Officer
Melissa Emidy
Main Address
65 PAVILION AVENUE, PROVIDENCE, RI, 02905
Website
www.inspiringmindsri.orgNTEE Category
Code: B20N - Education
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