Inspiring Minds of Greater Philadelphia Inc

What it reported doing in 2024

After-School ProgramOur After-school program is offered from 3:30PM to 5:00PM Monday through Thursday, a time when many students would otherwise be home alone while parents are at work. At Inspiring Minds, students can work in a happy, safe and structured environment that includes personalized tutoring, workshops, and the encouragement they need to become the next generation of leaders.We focus on the following five areas of impact on the youth in our community: Education: We assist our youth with homework; tutoring; provide them with learning activities focusing on reading, language arts, STEM, entrepreneurship, and financial literacy, provide them frequent monitoring of each student's interim grades, report cards, and state test scores; and provide our youth with incentives for student academic and behavioral achievement.College & Career Readiness: We provide our youth with career guidance and exploration; take them on company tours (including UPS, Google, Barclays, and GSK); provide them with college tours (colleges and universities visited include Penn State University, Ohio State University, Spelman College, Morehouse College, Alabama State University, Tulane University, Xavier University, Dillard University, Kent State, Duke University, University ot North Carolina, and others); and assist them with professional development such as resume writing, mock interviews, job shadowing, leadership retreats, and internship opportunities.Exposure to New Experiences: We have provided our youth with week-long trips and day trips to various destinations across the county. Inspiring Minds youth have explored diverse communities, visited museums, embraced cultural tradition, and have been introduced to new foods. We've also introduced our youth to professional athletes, famous entertainers, and CEOs.Health & Wellness: We teach our youth about nutrition and cooking; sports education through exposure to traditional and nontraditional sports such as football, basketball, soccer, volleyball, tennis, track and field; help them find exercises they enjoy such as swimming, dance, boxing, weight lifting, yoga, tai-chi and more; and teach them about personal hygiene.Personal Development: We require 100% participation in our activities to encourage students to try new things outside of their comfort zone. Inspiring Minds sets expectations for acceptable behaviors such as regular attendance, participation, respect for staff and peers, to develop character within our students. We also provide our youth with opportunities to plan, organize and participate in community service projects.THIS PROGRAM WAS ALSO SUPPORTED DURING THE YEAR BY IN KIND DONATIONS OF SERVICES INCLUDING CLASSROOM USE VALUED AT $18,000, INTERNET USE VALUED AT $900 AND TRAINING SERVICES VALUED AT $3,000.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 79.1%; rating input score 79

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: -54.2%; rating input score 12; 12th percentile among comparable filings
• Total-asset coverage ratio: 0.35; rating input score 23; 23rd percentile among comparable filings
• Liabilities to assets ratio: 0.5; rating input score 9; 9th percentile among comparable filings
• Officer compensation ratio: 26%; rating input score 7; 7th percentile among comparable filings

Growth

• Program expense growth: 25.9% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 17.3% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 21% per year; rating input score 100; 87th percentile among comparable filings