Inspiring Minds

What it reported doing in 2024

After school program to inspire youth to reach their full potential through education and real-life experiences. During the 2023-24 school year, 54 high school students, 40 7-8 graders and 120 3-6 graders benefitted from the program.Students in grades 3-12 participate in out-of-school learning focusing on: Education; College & Career Readiness; Health & Wellness, Personal Development; & Exposure to New Experiences. Space is available on a first-come, first-served basis; however, high school students are able to participate from acceptance until graduation or if they choose not to continue.Education support improves academic performance, focuses on STEM concepts, reading & comprehension, entrepreneurship, financial literacy, homework completion & tutoring.College & Career Readiness activities include visits to colleges across the country, assistance with applications & scholarships, ACT/SAT prep & FAFSA completion. IM provides professional development & job training through resume building, mock interviews, proper dress etiquette & industry exploration tours.IM promotes Health & Wellness as youth learn about the benefits of leading a healthy, well-rounded lifestyle through physical fitness, nutrition & personal hygiene. Youth participate in physical activities to reduce obesity & improve self-esteem. Youth also learn about gardening & cooking in our onsite garden and training kitchen.Personal Development activities include service-learning projects to developing skills, attitudes & personal qualities that enable students to effectively navigate their environment, work well with others, perform well & achieve their goals.Exposure to New Experiences is designed to demonstrate to students how their dreams can take them anywhere. IM coordinates trips to provide new, eye-opening experiences that embrace culture, arts, hobbies, & interests to expose students to different ways of life & possibilities so they know what is available to them in the future if they set goals, work hard & persevere.To provide ongoing support to recent high school grads & young adults ages 17-25, IM provides Summer Career Development Program, an immersive workforce learning experience for young adults & to retain talent for the area.At the completion of the 2023-24 school year, all students promoted to the next grade level or graduated.To make certain that students are on track, IM programming includes: monitoring academic performance, offering tutoring/interventions for students struggling in one or more subjects, and taking students on college and college-related visits to ignite excitement for their future.During the 2023-24 school year, 200 hours of tutoring has been provided to 25 HS students in the subjects of English, history, algebra, geometry, pre-calculus, chemistry, physics, and general science. During the after-school program students use ProgressBook, a classroom management solution that integrates grade book, lesson plan development, attendance, special education, and parent communication into one comprehensive, web-based system, to review their GPA, assignments and attendance which is then checked by IM staff. Any student with grades of D or F are flagged to receive tutoring. IM mentors also reinforce with the students the concept of staying on target with academics. IM staff has built a relationship with Warren G. Harding High School and is able to participate in students Individualized Education Program (IEP) meetings along with parents to help make sure that students succeed. IM also encourages parents to participate in parent-teacher conferences.In 2024 our college-going seniors completed FAFSA, ACT/SAT testing, college applications, and scholarship applications as part of their post-high school preparations. Students have toured Kent State University, Thiel College and The University of Akron. Students also went on industry tours to: Vaxxen Labs, XPO Transportation, Goodwill, Anderson Dubose, and DeSalvo Construction. For fun rewards, stu

Financial Efficiency

• Mission deployment rate: 97.5%; rating input score 97
• Program expense ratio: 90.2%; rating input score 90
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -7.9%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 2.18; rating input score 65; 65th percentile among comparable filings
• Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
• Officer compensation ratio: 8.4%; rating input score 35; 35th percentile among comparable filings

Growth

• Program expense growth: 13.2% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 14.6% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 24.1% per year; rating input score 100; 89th percentile among comparable filings