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Inspiring Minds

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261429323 ✦ Warren, OH ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Deryck Toles (Ceo)
  • Compensation: $159,776
  • Related: $0
  • Other: $8,898

    • Pastor Joseph Walker (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trinette Simon Cpa (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dean Noble (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alicia Miller (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Moss (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carla Baldwin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Raimey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherri Bercheni (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.imyouth.org

    Where can I find the form 990 for Inspiring Minds?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Inspiring Minds has made a significant impact by engaging, inspiring, and empowering youth to reach their full potential through education and exposure to life-changing experiences. During the 2021-2022 school year, the program benefited 52 high school students, 40 7th-8th graders, and 70 3rd-6th graders. These students participate in out-of-school learning focusing on various areas such as education, college and career readiness, health and wellness, personal development, and exposure to new experiences.

    The results speak for themselves, with students achieving a 3.0 GPA average and all students either promoting to the next grade level or graduating in 2022. Inspiring Minds provides critical support through a range of activities including tutoring, academic monitoring, college visits, and career development programs. The program also emphasizes personal growth, health and wellness, and exposure to diverse experiences to broaden students' horizons and inspire them to set and achieve their goals.

    Additionally, the program has successfully supported college-bound seniors in completing essential tasks such as FAFSA applications, ACT/SAT testing, college applications, and scholarship applications. Through partnerships and in-kind donations, Inspiring Minds has been able to provide comprehensive support to its students, ensuring they are well-prepared for their future endeavors.

    Inspiring Minds' dedication to education and youth empowerment is evident in its multifaceted approach and significant positive outcomes for participants.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Deryck Toles

    Main Address

    837 Woodland St NE, Warren, OH, 44483

    NTEE Category

    Code: N65 - Recreation

    If you are a representative of Inspiring Minds and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.