Infinite Minds Academy Inc
Nonprofit profile at a glance
- EIN
- 922544533
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Biscoe, NC, USA
- Phone
- 9109755654
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Specialized Education Institutions
Reported finances
- Revenue
- $139,248
- Expenses
- $131,176
- Assets
- $91,566
- Liabilities
- $74,134
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- KATHERINE LOWDER (PRESIDENT)
- KEVIN GRAVES (VICE-PRESIDENT)
People named in this filing
- KATHERINE LOWDER (PRESIDENT)
- KEVIN GRAVES (VICE-PRESIDENT)
- PAMELA BYRD (BOARD OPERATING OFFICER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Infinite minds academy inc. Is a non-profit corporation and shall operate exclusively for educational and charitable purposes within the meaning of section 501(c)(3) of the interanal revenue code, or the corresponding section of any future federal tax code. Infinite minds academy inc.'s purpose is to provide educational services to special needs children that need tutoring, adaptations to their learning environments, and guide their families to community resources and services to meet their child's needs in order to be more successful in their school career.
What it reported doing in 2024
Provide educational services to special needs children.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 40
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 5.8%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 20.2%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 16/100.