KINETIC MINDS

EIN: 383865648 501(c)(3) Youth Development

Goldsboro, NC

Total Revenue
$227,896
Total Expenses
$228,545
Total Assets
$20,254
Net Assets
$7,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
Eskabonna Henderson
Phone
9199470471
Tax Period
2020-10-01 to 2021-09-30

KINETIC MINDS, founded in 2012, is a small nonprofit in the Youth Development sector that reported $228K in total revenue in fiscal year 2020. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

The mission of Kinetic Minds, Inc. is to promote the academic, mental, physical and social well-being of youth by engaging them in dynamic, multidisciplinary educational experiences.

Program Service Accomplishments

Program 1
Expenses: $43,727 Revenue: $0

Since 2013, Kinetic Minds has successfully operated a 21st CCLC afterschool and summer enrichment program, serving hundreds of youth and providing over 2,400 hours of instruction. Our major...

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Since 2013, Kinetic Minds has successfully operated a 21st CCLC afterschool and summer enrichment program, serving hundreds of youth and providing over 2,400 hours of instruction. Our major activities include student online math and reading enrichment and remediation, homework feedback and instruction to promote mastery, STEM projects, cultural enrichment, family engagement and educational field trips. Kinetic Minds, Inc. provided virtual instruction during the shutdown of schools caused by the COVID-19 pandemic. Students were given take-home loaner laptops, STEM kits, arts and crafts kits, and school supplies. We assisted parents with accessing and navigating virtual platforms and provided strategies for addressing the new challenges of home and school. Kinetic Minds consistently receives positive feedback from stakeholders on the impact of its 21st CCLC program, with over 85% of parents and schoolteachers reporting improvement in students' academic achievement.

Program 2
Expenses: $184,818 Revenue: $0

Through ELISS funding, Kinetic Minds provided extended learning and integrated student support for students whose learning was negatively impacted by the COVID-19 pandemic. Over 200 students received...

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Through ELISS funding, Kinetic Minds provided extended learning and integrated student support for students whose learning was negatively impacted by the COVID-19 pandemic. Over 200 students received math and reading tutoring and intervention aligned with regular school day instruction. A variety of instructional techniques were utilized to maintain student engagement, including high-interest relevant texts, educational games, competitions and interactive media. Social emotional concepts were taught in a nurturing environment, leading students to refer to the enrichment classes as a "family." Students received a combined 1500+ hours of instruction. 270 students received whole school services which included technology, bookbags packed with school supplies and social-emotional learning. Data from program staff, parents and the feeder school substantiate the success of the program. 82% of integrated student support students' regular school day teachers indicated an improvement in students' academic performance. 85% of extended learning students' regular school day teachers indicated an improvement in students' academic performance. 80% of students who received integrated student support or extended learning improved scores on grade level reading and math assessments.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $227,896
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $227,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,325
Fundraising Expenses $0
Program Expenses $228,545
Other Expenses $112,220
TOTAL EXPENSES $228,545

Year-over-Year Comparison

2020 2019 Change
Revenue $227,896 $301,846 -0.2%
Expenses $228,545 $300,744 -0.2%
Net Income $-649 $1,102 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
26
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$34,541
Total Directors
3
$34,541
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eskabonna Henderson Director, Officer 30
Officer Director
$18,158 $0 $18,158
Danice Henderson Director, Officer 30
Officer Director
$16,383 $0 $16,383
Veronica Carmichael Director 0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $227,896 $228,545 $20,254 $-649
2020 $301,846 $300,744 $45,423 $1,102
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