INSPIRING MINDS RALEIGH-DURHAM INC Charity Report

Public IRS 990 nonprofit record

INSPIRING MINDS RALEIGH-DURHAM INC

EIN 86-2159341 · Youth Development Programs (O50)

What they do

The After-School Program is Offered At A Time When Many Students Would Otherwise Be Home Alone While Parents Are At Work Monday Through Thursday From 4:30pm to 7:00pm. At Inspiring Minds, Students Can Study In A Happy, Safe and Structured Environment That Includes Personalized Tutoring, Mentoring, Workshops, and The Encouragement They Need to Become The Next Generation of Leaders. Our Programming Was Offered to 30 Durham High School Students. The Students Had The Opportunity to Tour 4 Universities and 15 Different Industries! This Program Was Also Supported During The Year By In Kind Donations of Services Including Computers, Office, Classroom Space Use Valued At $5000.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

17,194.76%of revenue went to mission work76.4% of expenses · Program services

$22,507.12spent for every $100 of revenueSpending was higher than revenue this year.

$0.00in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $119,654 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $63,323 for BREE ELZY (EXECUTIVE DIR.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$534

Mission workProgram services$91,82017,194.76% of revenue76.4% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$120,18822,507.12% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 76.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 22,507.12% of revenue

2022Expense mix: 63.9% mission · 36.1% management · 0.0% fundraisingTotal expenses: 53.03% of revenue

2021Expense mix: 63.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 99.55% of revenue

Money in and money out

Revenue$534

Expenses$120,188

Annual shortfall $119,654 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$91,820 · 76.4% of expenses

See all reported dollar amounts

Revenue$534

Expenses$120,188

Assets$152

Income$534

Contributions$534

Mission work (program services)$91,820

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BREE ELZYEXECUTIVE DIR. · 40 hrs/week $63,323

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

BREE ELZYEXECUTIVE DIR.

CHARMAINE GRAFTONVICE PRESIDENT

DR KIM STANSBURYBOARD MEMBER

DR SHAUNDRA DAILYPRESIDENT

ERIC WILLIAMSTREASURER

ISAAC ROACHBOARD MEMBER

MARIANNE GREENSECRETARY

REV BERNADINE ANTHONYBOARD MEMBER

About this charity

Recognized since: January 2021
Location: PO BOX 13225, DURHAM, NC 27709-3225
County: Durham
In care of: % BREE ELZY
Primary officer: Bree Elzy, Executive Dir.

How to reach them

WebsiteVisit the charity’s website Phone(330) 766-0685

Filing and classification

Latest tax year: 2023
Tax period began: January 1, 2023
Return type: 990EZ
Tax preparer: S JONES AND ASSOCIATES LLC
NTEE classification: Youth Development Programs (O50)
IRS tax category: Youth Development Programs