Nonprofit · EIN 26-1429323
INSPIRING MINDS
Tax-exempt · WARREN, OH 44483
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,151,949 | $2,322,677 | -$170,728 | $5,058,130 | $1,568,426 | $3,489,704 |
| December 31, 2023 | 990 | $2,759,726 | $1,716,076 | $1,043,650 | $5,261,963 | $1,601,531 | $3,660,432 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,869,198
- Program service revenue
- $48,270
- Investment income
- $76,673
- Net income from fundraising events
- $157,808
- Other revenue
- $157,808
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $195,872
- Other salaries and wages
- $851,080
- Salaries, compensation and benefits (total)
- $1,159,269
- Professional fundraising fees
- $0
- Legal fees
- $2,227
- Accounting fees
- $8,650
- Occupancy
- $146,690
- Travel
- $314,576
- Depreciation
- $85,354
- Program services (functional)
- $2,095,229
- Management and general (functional)
- $227,448
Balance sheet and other
- Total assets, start of year
- $5,261,963
- Total assets, end of year
- $5,058,130
- Total liabilities, end of year
- $1,568,426
- Net assets, end of year
- $3,489,704
- Land, buildings and equipment
- $2,940,397
- Publicly traded securities
- $1,317,775
- Net assets without donor restrictions
- $3,483,704
- Net assets with donor restrictions
- $6,000
- Gross receipts
- $2,270,180
- Employees
- 84
- Volunteers
- 61
- Year formed
- 2007
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DERYCK TOLES | CEO Officer | 40 | $185,135 | $10,737 |
| PASTOR JOSEPH WALKER | President Trustee or director, Officer | 2 | $0 | $0 |
| TRINETTE SIMON CPA | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| DEAN NOBLE | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| ALICIA MILLER | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| ANGELA MOSS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLA BALDWIN | Board Member Trustee or director | 2 | $0 | $0 |
| MEGAN WAGNER | Board Member Trustee or director | 2 | $0 | $0 |
| SHERRI BERCHENI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DERYCK TOLES | CEO Officer | 40 | $171,886 | $9,559 |
| PASTOR JOSEPH WALKER | President Trustee or director, Officer | 2 | $0 | $0 |
| TRINETTE SIMON CPA | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| DEAN NOBLE | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| ALICIA MILLER | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| ANGELA MOSS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLA BALDWIN | Board Member Trustee or director | 2 | $0 | $0 |
| MEGAN WALKER | Board Member Trustee or director | 2 | $0 | $0 |
| SHERRI BERCHENI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 837 WOODLAND ST NE, WARREN, OH 44483-5112
- Mailing address (990-N for 2010)
- 175 Laird Ave NE, Warren OH 44483
- Principal officer (990 for 2024)
- DERYCK TOLES, 837 Woodland St NE, Warren, OH 44483
- Principal officer (990-N for 2010)
- Deryck Toles, 197 Country Club Dr SE, Warren OH 44484
- Signed the 990
- Deryck Toles, CEO
- Phone
- (330) 469-6729
- Website
- imyouth.org
- Return prepared by
- S Jones and Associates LLC
Mission
TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES
Program accomplishments
- 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, students got to go to a YSU Basketball game, bowling, and skating.This program was also supported during the year by in kind donations of services including classroom use valued at $49,600; transportation services to bring students to the program each day and back home that is valued at $40,100, and training services valued at $3,000, videography services valued at $5,000, Advertising services valued at $2,500 and other services valued at $16,636.Expenses $1,550,295
- Summer Enrichment Program (SEP) to provide Warren, Ohio, students with a robust educational experience and an opportunity to participate in sports activities, art exploration, community service, swimming lessons, STEM disciplines, and literacy workshops. In 2024, 50 9-12 graders, 45 7-8 graders, and 180 3-6 graders.The 2024 SEP offered 275 students a robust educational experience. Elementary students participated in: daily health & fitness instruction, a review of the IM Code, which is a set of guidelines to follow to be successful & productive; swimming lessons; arts, culture & music activities; computer labs; board games; college/career readiness research; movies & bowling; different sports; learned about Black inventors; and had all-site competitions with a & track/race day.High school students took a trip to New Orleans. and visited LSU, Piney Wood boarding school, and took a Knowla Tour, to name a few highlights. The summer included financial literacy, physical fitness, an hour of reading to prevent summer learning, and art. College visits included: Penn State University and LSU.One of the highlights of the summer was the culmination of entrepreneurial lessons when IM held its 3rd Annual outdoor Youth Summer Market in which students showcased their businesses and sold their foods and products. It was well received by the community and students thoroughly enjoyed learning about financial literacy and how to run a business.This program was also supported during the year by in kind donations of services including classroom use valued at $9,600 and transportation services to bring students to the program each day and back home, as well as, field trips that is valued at $40,000.Expenses $544,934
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1429323
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N65)
- Assets (IRS master file)
- $5,058,130
- Income (IRS master file)
- $2,270,180
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,151,949 | $2,322,677 | $5,058,130 | IRS |
| 990 | December 2023 | $2,759,726 | $1,716,076 | $5,261,963 | XML |
| 990 | December 2022 | $1,663,375 | $1,389,852 | $3,664,959 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2010 Officer: Deryck Toles | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1429323).
Questions about INSPIRING MINDS
- What is the EIN of INSPIRING MINDS?
- The employer identification number (EIN) of INSPIRING MINDS is 26-1429323.
- Is INSPIRING MINDS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to INSPIRING MINDS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRING MINDS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSPIRING MINDS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSPIRING MINDS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSPIRING MINDS?
- The 990 for the year ended December 31, 2024 names DERYCK TOLES.
- Who are the officers and directors of INSPIRING MINDS?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $185,135 (DERYCK TOLES, CEO).
- How much revenue does INSPIRING MINDS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,151,949, expenses of $2,322,677 and total assets of $5,058,130 at year end.
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