Inspiring Minds Raleigh-Durham Inc

Nonprofit profile at a glance

EIN
862159341
IRS 990-EZ coverage
2021–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Durham, NC, USA
Phone
3307660685
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$534
Expenses
$120,188
Assets
$152

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Dr Shaundra Daily (President)
  • Charmaine Grafton (Vice President)

People named in this filing

  • Bree Elzy (Executive Dir.)
  • Dr Shaundra Daily (President)
  • Charmaine Grafton (Vice President)

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 2023. 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 2023

Summer programming includes a combination of fun activities focused on academics, sports, health and new experiences. Students retain knowledge they would typically lose during the summer off from school, and theyre in a safe environment surrounded by positive role models that can lead them to a promising future. Our chapter joined the other IM chapters in South Carolina for an action-packed week of exposure. Some of the students experienced their first flight, tours of Gullah Geechee Culture, historical monuments, cultural tours of several businesses and access to many entrepreneurs.This program was also supported during the year by in kind donations of services of $2500.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 99% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 2
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 76.4%; rating input score 76

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -22,407.1%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 52.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: -54.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -4.9% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 76.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $92K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.