Overview
What is Educating Young Minds Inc?
Educating Young Minds Inc is a nonprofit organization situated in Los Angeles, California, specifically at 1807 So Crenshaw Blvd. Their primary focus is on education, offering a comprehensive approach to learning for 250 students. This includes morning home studies, independent courses, and additional instruction during afternoons and weekends. Beyond academic support, they also provide counseling services for parents and students. Their mission is to foster a nurturing environment that encourages students to reach their full academic, emotional, and social potential. With a team of 12 dedicated individuals, Educating Young Minds Inc strives to empower and enrich young minds.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects a solid level of accountability and financial health for Educating Young Minds Inc, calculated solely from their accountability and finance score. With a strong emphasis on governance, the organization has established a fully independent board and demonstrates robust financial practices.
The organization performs well in key accountability measures, including having a conflict of interest policy and a whistleblower policy in place. They report no material diversion of assets and maintain comprehensive documentation, including board meeting minutes, which contributes to their positive score. Additionally, their program expense ratio is commendable at 88%, indicating that a significant portion of their funds is directed toward their programs.
While the overall score is favorable, the single beacon score indicates that improvements in other areas could enhance their rating. Nonetheless, the high level of board independence and effective financial management underscores the organization's commitment to transparency and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Educating Young Minds Inc legitimate?
Educating Young Minds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educating Young Minds 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: $17,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,572
For more financial information, click here
What is the mission statement of Educating Young Minds Inc?
Educating Young Minds Inc's mission is centered around offering a comprehensive learning experience. Their objective is to foster the academic, emotional, and social growth of their students in a supportive and enriching environment. They achieve this by providing morning home study, independent courses, and after-school and weekend instruction to around 250 students. Furthermore, the organization offers counseling services to parents and students after school. Additionally, they assist in securing funds for students to participate in various school programs.
Who is the CEO of Educating Young Minds Inc?
Angeles Echols is the CEO of Educating Young Minds Inc The CEO's salary of Educating Young Minds Inc is $38,800 and their total compensation is $38,800.
What is the revenue of Educating Young Minds Inc?
Educating Young Minds Inc's revenue in 2024 was $381,454.
Who are the executives of Educating Young Minds Inc and what are their salaries?
The average compensation at Educating Young Minds Inc during 2024 was $12,452. There are 14 employees at Educating Young Minds Inc.
Here are 12 key members and their salaries (Educating Young Minds Inc's CEO's salary is $38,800 and their total compensation is $38,800):
- Compensation: $38,800
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- Other: $0
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- Other: $0
Where can I find the form 990 for Educating Young Minds Inc?
Educating Young Minds Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Educating Young Minds Inc
Educating Young Minds Inc is dedicated to helping students reach their full potential in academics, emotions, and social development. Their mission, as stated, involves providing a comprehensive learning approach in a supportive and enriching environment. This approach encompasses morning home studies, independent courses, and after-school and weekend academic instruction for around 250 students. Furthermore, the organization offers counseling services not only for students but also for their parents, aiming to foster a collaborative and supportive learning environment. Additionally, Educating Young Minds Inc assists in securing funds for students to participate in various school programs, demonstrating their commitment to ensuring equal opportunities for learning.
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Impact
July, 2024
Educating Young Minds Inc provides academic instruction to 250 students in Los Angeles, California, through morning home study, independent courses, after school and weekend sessions. The organization also offers after school counseling for parents and students, as well as assistance in placing and finding funds for students in school programs. By providing a multi-faceted, holistic approach to learning, Educating Young Minds Inc helps students reach their highest academic, emotional, and social potential.
This information is meant to be a general summary of Educating Young 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 2024.
- Program Service Revenue: $105,312
- Gross Receipts: $381,454
Assets and Liabilities:
- Total Assets: $642,306
- Total Liabilities: $184,287
- Net Assets: $458,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$105,312
Organization Details
Founding Year
1995
Principal Officer
Angeles Echols
NTEE Category
Code: Z99 - Unknown
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