Overview
What is Open Minds Inc?
Open Minds Inc is a nonprofit organization, serving around 280 clients. Their primary function is to manage financial aspects for these individuals, specifically preparing budgets and making bill payments using their funds. This service is funded through SSI (Supplemental Security Income), with each person contributing $37 towards these revenues. While the information provided is focused on their financial services, it's important to note that Open Minds Inc plays a vital role in helping manage financial resources for those in need.
Is Open Minds Inc legitimate?
Open Minds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Minds Inc submitted a form 990EZ, 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.
What is the mission statement of Open Minds Inc?
Open Minds Inc, as per its mission, serves around 280 clients by managing their budgets and making necessary bill payments using their funds. This service is mandated through SSI revenues, with each person contributing $37. The organization's primary role is to provide financial management assistance to these individuals. While the provided information does not specify, it can be inferred that Open Minds Inc aims to support these clients in maintaining financial stability and independence.
Who is the CEO of Open Minds Inc?
Unavailable
What is the revenue of Open Minds Inc?
Open Minds Inc's revenue in 2021 was $156,912.
Who are the executives of Open Minds Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Open Minds Inc?
Open Minds Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Open Minds Inc
Open Minds Inc, as a nonprofit organization, is primarily focused on assisting approximately 280 clients. Its mission, carried out mandatorily due to SSI Service revenues, involves the preparation of budgets and the payment of bills using the clients' own funds. The financial assistance provided by Open Minds Inc is valued at $37 per person. This nonprofit organization plays a crucial role in managing the financial aspects of its clients' lives, ensuring they can effectively budget and pay their bills, thereby alleviating some of the financial stress they may be experiencing.
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Impact
October, 2024
Open Minds Inc significantly impacts the community by providing essential financial management services to approximately 280 clients. Through budget preparation and bill payment using client funds, the organization helps individuals navigate their financial responsibilities effectively. This service is vital for those who may struggle with managing their finances independently, ensuring they can meet their basic needs and maintain stability in their lives. Operating in Memphis, TN, Open Minds Inc plays a crucial role in enhancing the quality of life for its clients, facilitating their access to resources, and promoting overall financial well-being. By offering these services at a manageable fee of $37 per person, the organization ensures a sustainable approach while delivering critical support to vulnerable populations.
This information is meant to be a general summary of Open Minds Inc. 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 2021.
- Program Service Revenue: $156,912
- Gross Receipts: $156,912
Assets and Liabilities:
- Total Assets: $311,116
- Total Liabilities: $0
- Net Assets: $311,116
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Organization Details
Phone
(901) 324-0686Main Address
2600 Poplar Avenue, Memphis, TN, 38112
NTEE Category
Code: P20 - Human services
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