Overview
What is Inspiring Minds Of New York City Inc?
Inspiring Minds of New York City Inc is a nonprofit organization situated in Brooklyn, New York. Their primary goal is to empower and inspire youth, helping them reach their full potential. They achieve this through various programs, including after-school and summer sessions focusing on education, leadership, arts, civic engagement, and career readiness. The Life Goal Labs curriculum, inspired by indigenous healing philosophies, aims to develop emotional wellness and leadership skills in high school students. During the pandemic, both the Life Goal Labs and the Sankofa Young Men's Empowerment Program became co-ed to cater to the rising demand for health and wellness and conversations about racial tension. Internships and college tours are also offered to provide real-world experiences and expose students to various opportunities. The organization emphasizes personal development, health and wellness, and community service projects to foster character growth. In-kind donations also contribute to their summer programming.
Official website here: www.imyouth.org/inspiring-minds-nyc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Inspiring Minds Of New York City Inc has received a solid rating of 88%, indicating strong accountability and financial health. The rating is derived entirely from the Accountability & Finance beacon, reflecting the organization’s commitment to transparency and responsible management of resources. It demonstrates a well-structured governance framework with a fully independent board, showcasing community trust and commitment to its mission.
The organization excels in various financial metrics, including a program expense ratio of 78.43%, which suggests that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, it has successfully managed liabilities, reporting a low ratio of 5.94%. The presence of established policies, such as conflict of interest and material diversion of assets, further reinforces its accountability.
However, there are areas that could be improved, specifically the absence of a whistleblower policy, which could enhance the organization’s ethical framework. Overall, Inspiring Minds Of New York City Inc has demonstrated its strengths in governance and financial management, making it a nonprofit that appears to be effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Inspiring Minds Of New York City Inc legitimate?
Inspiring Minds Of New York City Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inspiring Minds Of New York City Inc 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: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,135
For more financial information, click here
Official website here: www.imyouth.org/inspiring-minds-nyc
What is the mission statement of Inspiring Minds Of New York City Inc?
Inspiring Minds of New York City Inc's mission is centered around engaging, inspiring, and empowering youth to reach their full potential. This is achieved through education and exposure to life-changing experiences. The organization offers after-school and summer programming, focusing on various areas such as education, mentoring, leadership, arts, civic engagement, college and career readiness, internships, and personal development. They also have a holistic educational experience program for high school students, aimed at cultivating leadership skills. During the pandemic, some of these programs became coed to cater to the increasing demand for health and wellness, and to address concerns about racial tensions. The organization also provides college tours, career guidance, and professional development opportunities for students.
Official website here: www.imyouth.org/inspiring-minds-nyc
Who is the CEO of Inspiring Minds Of New York City Inc?
Katrena Perou is the Executive Dir. of Inspiring Minds Of New York City Inc.
Official website here: www.imyouth.org/inspiring-minds-nyc
What is the revenue of Inspiring Minds Of New York City Inc?
Inspiring Minds Of New York City Inc's revenue in 2022 was $502,990.
Official website here: www.imyouth.org/inspiring-minds-nyc
Who are the executives of Inspiring Minds Of New York City Inc and what are their salaries?
The average compensation at Inspiring Minds Of New York City Inc during 2022 was $28,305. There are 7 employees and 15 volunteers at Inspiring Minds Of New York City Inc.
Here are 8 key members and their salaries:
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Official website here: www.imyouth.org/inspiring-minds-nyc
Where can I find the form 990 for Inspiring Minds Of New York City Inc?
Inspiring Minds Of New York City Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imyouth.org/inspiring-minds-nyc
Learn more at the official website: www.imyouth.org/inspiring-minds-nyc
Mission Statement of Inspiring Minds Of New York City Inc
Inspiring Minds of New York City Inc is a nonprofit organization with a mission to engage, inspire, and empower youth to reach their full potential. This is achieved through education and exposure to life-changing experiences. The organization provides after-school and summer programming that focuses on various aspects, including education, mentoring, leadership, arts, civic engagement, college and career readiness, personal development, and internships.
The Life Goal Labs curriculum is a significant part of Inspiring Minds' mission. This emotional wellness and leadership program, inspired by indigenous healing philosophies, aims to equip high school students with tools for emotional literacy, stress reduction, and body awareness. The program helps students access their inner compass for success. During the pandemic, the program became coed due to an increasing demand for health and wellness, particularly among boys.
The Sankofa Young Men's Empowerment Program is another initiative under Inspiring Minds' mission. This 10-week experience draws on principles from West African rite of passage ceremonies to assist students in cultivating their leadership skills. The program provides a safe forum for students to discuss their concerns and develop in response to societal issues, such as racial tension. During the pandemic, this program also transitioned to be coed, expanding its reach to include girls who needed its services.
Inspiring Minds also offers internships for high school seniors, providing them with training in professionalism and work etiquette. Students are then assigned internships to gain hands-on experience in various sectors. The organization also sets up college tours for students, exposing them to different academic opportunities and the college experience.
In addition to these initiatives, Inspiring Minds focuses on education, college and career readiness, exposure to new experiences, health and wellness, and personal development. The organization encourages students to try new things, sets expectations for acceptable behaviors, and provides opportunities for community service projects. During the year, Inspiring Minds secures in-kind donations to support its programs, covering the cost of internships and providing office and classroom space.
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Impact
July, 2024
Inspiring Minds Of New York City Inc has a significant impact on the youth of Brooklyn, NY. Through their after-school and summer programming, they engage, inspire, and empower young people to reach their full potential. They offer a wide range of activities including education, mentoring, leadership, arts, civic engagement, college and career readiness, internships, personal development, and more. The Life Goal Labs curriculum and the Sankofa Young Mens Empowerment Program provide emotional wellness and leadership development opportunities for high school students, helping them navigate personal challenges and awaken their leadership potential.
Additionally, the organization offers internships, college tours, and activities focused on health and wellness, personal development, and exposure to new experiences. By providing resources and guidance in areas such as homework assistance, financial literacy, career exploration, and community service projects, Inspiring Minds is creating a positive impact on the lives of the youth they serve. Their dedication to fostering character development, academic achievement, and personal growth sets a strong foundation for the next generation of leaders.
Through their comprehensive approach to youth development, Inspiring Minds is making a difference in the lives of young people in Brooklyn, NY, and beyond, ultimately helping them to thrive and succeed in their personal and academic pursuits.
This information is meant to be a general summary of Inspiring Minds Of New York City 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 2022.
- Investment Income: $532
- Gross Receipts: $502,990
Assets and Liabilities:
- Total Assets: $364,011
- Total Liabilities: $21,624
- Net Assets: $342,387
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Organization Details
Founding Year
2019
Phone
(516) 375-3703Principal Officer
Katrena Perou
Main Address
1130 Bedford Ave 13, Brooklyn, NY, 11216
NTEE Category
Code: O50 - Youth development
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