Inspiring Minds of Youngstown Inc

Nonprofit profile at a glance

EIN
824558120
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Warren, OH, USA
Phone
2342548124
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$200,237
Expenses
$208,468
Assets
$61,874
Liabilities
$413,060

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Pastor Joseph Walker (President)
  • Alicia Miller (Vice President)

People named in this filing

  • Pastor Joseph Walker (President)
  • Dean Noble (Secretary)
  • Trinette Simon CPA (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To engage inspire and empower youth to reach their full potential through education and exposure to life changing experiences.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 28
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4.1%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 6.68; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: -4.2% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $202K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.