Inspiring Minds of Youngstown Inc

EIN: 824558120 501(c)(3) Human Services

Warren, OH

Total Revenue
$200,237
Total Expenses
$208,468
Total Assets
$61,874
Net Assets
$-351,186
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Principal Officer
Trinette Simon CPA
Phone
2342548124
Tax Period
2024-01-01 to 2024-12-31

Inspiring Minds of Youngstown Inc, founded in 2018, is a small nonprofit in the Human Services sector that reported $200K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES.

Program Service Accomplishments

Program 1
Expenses: $155,302

After-school programming inspires youth to reach their fullest potential through education and real-life experiences. The program is offered Monday - Thursday from 3 PM - 6 PM, at a time when many...

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After-school programming inspires youth to reach their fullest potential through education and real-life experiences. The program is offered Monday - Thursday from 3 PM - 6 PM, at a time when many students would otherwise be home alone while parents/guardians are at work. Students work in a structured, safe, happy, compassionate and encouraging environment that promotes the next generation of leaders.In 2024, 20 high school students and 50 K8 students benefited from the program. The students' Educational and Personal Development activities include the following: one-on-one tutoring, STEM activities, mentoring sessions, financial literacy, and family night activities. During the year, the students participated in weekly physical fitness classes, line dancing classes, bi-weekly nutritional classes and monthly mental wellness sessions to promote their Health and Wellness. The students also participated in bi-weekly sessions with MyPath of Mahoning Valley, Goodwill Industries workshops, Junior Achievement Sessions and sessions at the Youngstown Business Incubator for College and Career Readiness and program visits from college representatives. The students were actively engaged in activities to promote their Personal Development, such as poetry writing, chess club, performing in band and orchestra concerts, hosting their annual Celebration of the Scholars Awards Ceremony and their annual Im Mom Mothers Day Celebration.This program was also supported during the year by in kind donations of services including instructors valued at $2,500; organizational development valued at $10,000 and training services valued at $2,000.

Program 2
Expenses: $47,128

Summer enrichment programming is a combination of fun activities that focus on all Impact Areas - Education, College & Career Readiness, Health & Wellness, Personal Development and Exposure to New...

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Summer enrichment programming is a combination of fun activities that focus on all Impact Areas - Education, College & Career Readiness, Health & Wellness, Personal Development and Exposure to New Experiences. The summer program runs Monday - Friday from 9 AM - 4 PM. Summer enrichment helps students retain knowledge they would normally lose during the summer from being off of school. All of which is done in an environment surrounded with positive role models that can lead them to a promising future.In 2024, 20 high school students and 50 K8 students participated in summer enrichment. Activities included weekly swimming, physical fitness and mental wellness sessions; STEM activities at OHWow; college and career readiness sessions/activities with the Youngstown Business Incubator; sessions with YUMADOP (Youngstown Urban Minority Alcoholism and Drug Abuse Outreach Program); 3D printing at the Youngstown Business Incubator and berry picking. Other field trips were taken to Ascend Rock Climbing, Camelot Bowling Lanes, On Target Outfitters, Fun and Stuff, Pioneer Water Park industry tours and college tours. The scholars also hosted their 2nd Annual Spelling Bee.

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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 (2024)

Revenue Breakdown

Contributions & Grants $180,120
Program Service Revenue $0
Investment Income $16
Other Revenue $20,101
TOTAL REVENUE $200,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,052
Fundraising Expenses $0
Program Expenses $202,430
Other Expenses $85,416
TOTAL EXPENSES $208,468

Year-over-Year Comparison

2024 2023 Change
Revenue $200,237 $180,966 +0.1%
Expenses $208,468 $184,783 +0.1%
Net Income $-8,231 $-3,817 +1.2%
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
8
Independent Members
8
Employees
4
Volunteers
61

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pastor Joseph Walker President 2.00
Officer Director
$0 $0 $0
Dean Noble Secretary 2.00
Officer Director
$0 $0 $0
Trinette Simon CPA Treasurer 2.00
Officer Director
$0 $0 $0
Angela Moss Board Member 2.00
Director
$0 $0 $0
Carla Baldwin Board Member 2.00
Director
$0 $0 $0
Alicia Miller Vice President 2.00
Officer Director
$0 $0 $0
Megan Wagner Board Member 2.00
Director
$0 $0 $0
Sherri Bercheni Board Member 2.00
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
2024 $200,237 $208,468 $61,874 $-8,231
2021 $195,399 $312,597 $237,258 $-117,198
2020 $205,112 $239,127 $70,255 $-34,015
2019 $228,495 $206,605 $20,962 $21,890
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