Overview
What is Great Minds?
Great Minds is a Washington, D.C. based non-profit organization committed to ensuring that all students, including those with dyslexia, have access to a high-quality, content-rich education. The mission of Great Minds is to enhance literacy for children and adults, with a particular focus on supporting individuals with dyslexia. This nonprofit is dedicated to improving educational opportunities for a wide range of learners.
Official website here: www.theibisgroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Great Minds has received a two-star rating from Charity Navigator, indicating that while the organization has some strengths, there are areas needing significant improvement. The high score of 74% in accountability and finance reflects solid practices, such as a 100% score for financial oversight and strong independent board representation. Additionally, the organization maintains comprehensive policies for conflict of interest, whistleblowing, and document retention, suggesting a commitment to ethical governance.
However, the program expense ratio is notably low at 52.40%, which may raise concerns about how effectively resources are being allocated towards the organization's mission-related activities. This could indicate that more funding is being directed towards administrative costs rather than direct program support. As a result, while Great Minds demonstrates strong governance and financial practices, the efficiency of its program spending is an area that requires attention for overall improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Great Minds legitimate?
Great Minds is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great 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: $64,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $328,387
For more financial information, click here
Official website here: www.theibisgroup.org
What is the mission statement of Great Minds?
Great Minds is a non-profit organization committed to enhancing literacy for children and adults, with a particular focus on supporting individuals with dyslexia. In pursuit of this mission, the organization strives to provide effective educational resources to help learners overcome reading challenges and thrive academically. Through its initiatives, Great Minds aims to create equitable opportunities for all individuals to develop strong literacy skills and reach their full potential. The organization's efforts are dedicated to making a significant difference in the lives of those struggling with dyslexia, ensuring they have the necessary tools and support to succeed. By focusing on literacy, Great Minds lays the groundwork for a more inclusive and empowered society.
Official website here: www.theibisgroup.org
Who is the CEO of Great Minds?
Chi Kim is the Trustee, Chair of Great Minds.
Official website here: www.theibisgroup.org
What is the revenue of Great Minds?
Great Minds's revenue in 2022 was $42,838,571.
Official website here: www.theibisgroup.org
Who are the executives of Great Minds and what are their salaries?
The average compensation at Great Minds during 2022 was $98,097. There are 4 employees and 4 volunteers at Great Minds.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $48,462
- Other: $0
- Compensation: $64,000
- Related: $542,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $120,687
- Related: $85,446
- Other: $34,818
- Compensation: $0
- Related: $2,371,217
- Other: $40,493
Official website here: www.theibisgroup.org
Where can I find the form 990 for Great Minds?
Great Minds's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theibisgroup.org
Learn more at the official website: www.theibisgroup.org
Mission Statement of Great Minds
Great Minds, a dedicated non-profit organization, is committed to enhancing literacy skills for children and adults, with a particular focus on supporting individuals with dyslexia. This mission is geared towards ensuring that every student, regardless of their circumstances, has access to a well-rounded education.
At the heart of Great Minds' mission lies the belief that literacy is a fundamental key to unlocking opportunities and success in life. By providing targeted support for those with dyslexia, the organization aims to level the playing field and ensure that no student is left behind. Through innovative and effective methods, Great Minds strives to improve literacy rates for a wide range of individuals, enabling them to reach their full potential.
Great Minds goes beyond just offering academic support. They are dedicated to fostering a learning environment that is inclusive, supportive, and accessible to all. By focusing on the unique needs of students with dyslexia, they help to build their confidence and self-esteem, allowing them to thrive both in and out of the classroom. In essence, Great Minds is a beacon of hope for those who may face challenges in their literacy journey, providing them with the tools and resources they need to succeed.
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Impact
October, 2024
Great Minds has a significant impact on literacy by focusing on improving reading skills for both children and adults, particularly those with dyslexia. By providing tailored educational resources and support, the organization seeks to create a more equitable learning environment that enables all students—regardless of their circumstances—to receive a content-rich education. This focus on literacy not only enhances individual learning outcomes but also fosters greater opportunities for personal and professional growth, ultimately contributing to a more informed and capable society. Through its dedicated efforts, Great Minds is helping to bridge gaps in education and empower individuals with the skills necessary for success.
This information is meant to be a general summary of Great 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: $42,838,571
- Gross Receipts: $57,008,104
Assets and Liabilities:
- Total Assets: $145,205,588
- Total Liabilities: $1,061,901
- Net Assets: $144,143,687
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Organization Details
Founding Year
2007
Phone
(202) 223-1854Principal Officer
Chi Kim
Main Address
55 M STREET SE 340, WASHINGTON, DC, 20003
Website
www.theibisgroup.orgNTEE Category
Code: B05 - Education
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