Overview
What is Inspiring Minds?
Inspiring Minds is a nonprofit organization situated in Warren, Ohio. Their primary goal is to inspire and empower youth, fostering their potential through education and life-transforming experiences. During the 2021-22 academic year, they served 52 high school students, 40 middle schoolers, and 70 elementary school students. Their comprehensive after-school program focuses on Education, College & Career Readiness, Health & Wellness, Personal Development, and Exposure to New Experiences. The Education segment strengthens academic performance, focusing on STEM concepts, reading comprehension, entrepreneurship, financial literacy, and homework completion. College & Career Readiness activities include visits to colleges, application assistance, ACT/SAT preparation, and FAFSA completion. Inspiring Minds provides professional development through resume building, mock interviews, and industry exploration tours. Health & Wellness emphasizes a healthy lifestyle, incorporating physical fitness, nutrition, and personal hygiene. Personal Development projects nurture essential skills for navigating the environment and setting goals. Exposure to New Experiences exposes students to diverse cultures, arts, and hobbies, fostering a sense of limitless possibilities. The organization offers ongoing support to recent high school graduates and young adults through their Summer Career Development Program. In 2022, the students achieved a 3.0 GPA average and all promoted or graduated. To ensure academic success, they monitor progress, provide tutoring, and organize college visits. Inspiring Minds receives in-kind donations, such as classroom use, transportation, and training services, to facilitate their programs. They work closely with parents, participating in Individualized Education Program (IEP) meetings, encouraging parent-teacher conferences, and ensuring students stay on track with academics.
Official website here: www.imyouth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
Inspiring Minds has received a rating of "Needs Improvement" with an overall score of 73%. The organization demonstrates strong governance with 100% independent board members and no material diversion of assets, which are positive indicators of accountability. Additionally, their program expense ratio is high at 84.24%, suggesting that a significant portion of resources is directed toward their programs.
However, there are notable areas for improvement. Inspiring Minds lacks a whistleblower policy and a document retention and destruction policy, both of which are critical for organizational transparency and compliance. These missing policies may raise concerns regarding the organization’s commitment to maintaining effective governance practices.
Overall, while Inspiring Minds shows strengths in certain governance aspects and financial accountability, the absence of key policies presents limitations that could impact stakeholder trust. It is important for prospective supporters to consider these factors when evaluating the organization’s overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
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: $168,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $640,239
For more financial information, click here
Official website here: www.imyouth.org
What is the mission statement of Inspiring Minds?
Inspiring Minds' mission is centered around engaging, inspiring, and empowering youth to reach their full potential. This is accomplished through educational and experiential opportunities. The organization aims to enhance academic performance, particularly in STEM subjects, college and career readiness, health and wellness, personal development, and exposure to new experiences. It provides ongoing support to students through tutoring, professional development, and job training. Additionally, Inspiring Minds organizes trips and events to expose students to diverse cultures, arts, and future possibilities. The program also offers a Summer Career Development Program for recent high school graduates and young adults. The organization's efforts have resulted in improved academic performance, with a 3.0 GPA average and all students promoting to the next grade level or graduating in 2022.
Official website here: www.imyouth.org
Who is the CEO of Inspiring Minds?
Deryck Toles is the Ceo of Inspiring Minds. The CEO's salary of Inspiring Minds is $159,776 and their total compensation is $168,674.
Official website here: www.imyouth.org
What is the revenue of Inspiring Minds?
Inspiring Minds's revenue in 2022 was $1,663,375.
Official website here: www.imyouth.org
Who are the executives of Inspiring Minds and what are their salaries?
The average compensation at Inspiring Minds during 2022 was $11,896. There are 68 employees and 60 volunteers at Inspiring Minds.
Here are 9 key members and their salaries (Inspiring Minds's CEO's salary is $159,776 and their total compensation is $168,674):
- Compensation: $159,776
- Related: $0
- Other: $8,898
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.imyouth.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.imyouth.org
Learn more at the official website: www.imyouth.org
Mission Statement of Inspiring Minds
Inspiring Minds, a nonprofit organization, is dedicated to engaging, inspiring, and empowering youth to reach their full potential. They achieve this goal through education and exposure to life-changing experiences. The mission of Inspiring Minds is to provide a comprehensive after-school program that focuses on various aspects of a child's development. This includes education, college and career readiness, health and wellness, personal development, and exposure to new experiences.
By offering support in STEM concepts, reading and comprehension, entrepreneurship, and financial literacy, Inspiring Minds aims to improve academic performance. They also facilitate visits to colleges across the country, assist with applications and scholarships, and help students complete FAFSA forms. This holistic approach to education ensures that students are well-equipped for their future academic pursuits.
Inspiring Minds also promotes health and wellness by teaching children about leading a healthy lifestyle, including physical fitness, nutrition, and personal hygiene. They provide opportunities for students to participate in physical activities, learn about gardening, and cook in their onsite kitchen. Additionally, they encourage personal development through service-learning projects and activities that help students develop essential skills for navigating their environment and achieving their goals.
Exposure to new experiences is another important aspect of Inspiring Minds' mission. They coordinate trips to provide students with eye-opening experiences that broaden their horizons and expose them to different ways of life. This helps students understand the possibilities that await them if they set goals, work hard, and persevere.
In conclusion, Inspiring Minds is a nonprofit organization that is committed to engaging, inspiring, and empowering youth to reach their full potential. They achieve this through a comprehensive after-school program that focuses on education, college and career readiness, health and wellness, personal development, and exposure to new experiences. By providing these opportunities, Inspiring Minds is helping to shape the next generation of leaders and innovators.
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Impact
October, 2024
Inspiring Minds engages, inspires, and empowers youth to reach their full potential through a holistic approach to education and life experiences. The after-school program creates a supportive environment where students from grades 3-12 receive vital academic and personal development resources. With targeted initiatives in areas such as STEM education, college and career readiness, health and wellness, and exposure to new experiences, the program makes a significant impact on the lives of its participants.
During the 2021-22 school year, 162 students benefited from the program, leading to remarkable academic outcomes. Students achieved an impressive average GPA of 3.0, and all participants advanced to the next grade level or graduated. Through personalized tutoring, mentoring, and academic performance monitoring, Inspiring Minds ensures students who struggle receive the support needed to thrive.
Additionally, the program emphasizes college readiness through activities such as college visits and assistance with applications and financial aid, empowering students to envision a brighter future. Inspiring Minds also prioritizes health and wellness, teaching the importance of physical fitness, nutrition, and personal hygiene, which contribute to improved self-esteem and well-being.
Furthermore, the organization expands students' horizons by exposing them to new opportunities and experiences, bridging the gap between aspirations and reality. Service-learning projects and skill-building activities cultivate important life skills and personal qualities, empowering youth to navigate their environments effectively.
By providing ongoing support to recent graduates and young adults through a Summer Career Development Program, Inspiring Minds helps retain local talent and fosters a sense of community. The collaborative relationships built with local high schools and the involvement of parents ensure that families are engaged in their children's education, thereby reinforcing the program's impact on academic success.
Inspiring Minds' comprehensive approach creates a transformative experience for students, preparing them not only for academic achievements but also for healthy, fulfilling lives.
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: $38,209
- Program Service Revenue: $47,662
- Gross Receipts: $1,806,725
Assets and Liabilities:
- Total Assets: $3,664,959
- Total Liabilities: $1,048,177
- Net Assets: $2,616,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHAPTER DUES
Revenue
$47,662
Organization Details
Founding Year
2007
Phone
(330) 469-6729Principal Officer
Deryck Toles
Main Address
837 Woodland St NE, Warren, OH, 44483
Website
www.imyouth.orgNTEE Category
Code: N65 - Recreation
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