2024-11-12T14:58:01-07:00 2023-12-31 271375413 BWK Rogers PC 431 South 7th Street Suite 2424 Minneapolis MN 55415 990 2023-01-01 411909408 BOLDER OPTIONS BOLD 6123792653 2100 Stevens Avenue S Minneapolis MN 55404 Darrell Thompson President & CEO 6123792653 2024-11-12 1 1 Melissa J Baraibar P02464922 6123325446 2024-10-25 2023 2024-10-15 13:58:12Z Darrell Thompson 2100 Stevens Avenue S Minneapolis MN 55404 1828064 0 X www.bolderoptions.org X 1998 MN Teaching youth to succeed in all of life's races. 20 20 21 250 0 0 1384931 1555667 0 0 548 9708 -9900 213648 1375579 1779023 12000 0 977319 1038171 25800 356641 566075 617651 1543394 1693622 -167815 85401 1702903 1791985 818872 807360 884031 984625 Teaching youth to succeed in all of life's races. 0 0 1030875 12000 28004 Programs: One to One Mentoring Program Bolder Options empowers middle school youth through transformative one to one mentorship. Our unique approach pairs youth with a trained volunteer mentor for a year, focused on physical, emotional, and social wellness. Setting and achieving goals together helps young people develop confidence, resilience, and self-awareness that benefits them in all areas of life. Alumni Program The goal of the alumni program is to keep young people connected with Bolder Options beyond the first year 1:1 mentoring program, providing ongoing support and resources to help them achieve their goals. In 2023, 100% of youth participants chose to stay involved through the alumni program. Bolder Options offers a range of programs for alumni youth, including career and college exploration, leadership development, internships, and a scholarship program. Group Mentoring In 2023, Bolder Options partnered with the Little Earth Boys & Girls Club (LEBGC) to pilot a group mentoring program for middle school youth. The program brought a dozen youth from LEBGC to Bolder Options once a week to share a meal, get physically active, receive academic support, and connect with their peers. After the pilot year, Bolder Options is working now to pair group mentoring participants with 1:1 mentors and keep them engaged in our community. Accomplishments: The year 2023 marked a significant milestone for Bolder Options as we celebrated the 30th anniversary of our program, alongside the remarkable achievement of impacting 30,000 young lives. Over the last 30 years, Bolder Options served 30,000 youth, our volunteers recorded 420,000 hours, our pairs ran 70,000 miles, and through our prevention and intervention efforts, we saved taxpayers an estimated $82 million dollars. In 2023, our one-to-one mentoring program supported 170 individuals and families/85 mentor and mentee pairs. This amounted to 977 mentors and mentees attending events and 372 family members and caregivers engaged with programs. In the first year, one-to-one mentoring program, some of our outcomes include: -100% of youth accomplished at least one goal that they set for themselves -100% of youth report that they are more physically active than they were before the program -83% of youth said their behavior at school improved -75% of youth said their grades improved by being in the program -100% of youth rated their relationship with their mentor as good or excellent -100% of youth who graduated from the 1-year one-to-one program plan to remain in contact with their mentor and also opted into our next step, the alumni program. In our alumni program, 244 youth attended Bolder Options events and activities. This includes a group of alumni mentors and mentees participating in adventure learning activities that culminated in a week-long canoeing and camping trip in the Boundary Waters Canoe Area (BWCA). A total of 16 alumni youth completed our new I Believe/I Achieve career skill building programming in 2023. The I Believe Program is a paid, professional training program that helps Bolder Options alumni consider career options for their future and prepares them for work life. Participants learn skills to help them land a first job or internship with the support of volunteer career coaches. In the first year of the cohort experience, called "I Believe", participants identify their strengths, interests, and values. In the second year of the cohort, called "I Achieve", they put those skills into practice. Also in 2023, Bolder Options launched its new Bentdahl Scholarship for Bolder Options scholars pursuing post-secondary education. The scholarship was awarded to two Bolder Options alumni who have completed the one-year mentoring program, participated in adventure learning and other activities, volunteered with Bolder Options, and also successfully completed the I Believe and I Achieve cohorts. Bolder Options Twin Cities increased the diversity of our volunteer mentors growing from 20% BIPOC mentors in 2021, to 40% in 2022, and up to 61% in 2023. This progress not only reflects our commitment to mirroring the communities we serve but also underscores the richness and depth of experiences that diverse mentors bring to our youth. In 2023, 100% of mentors said they would recommend Bolder Options to a friend. We know that mentorship has an impact on young people but our mentors (83% in 2023) also report that they feel like their mentee has made a positive impact on their life too. 0 0 0 1030875 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 16 0 1 21 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 MN X Darrell Thompson 6123792653 2100 Stevens Avenue S Minneapolis MN 55404 Darrell Thompson President & CEO 40 0 X 143905 0 0 Bryan Alday Director 1 0 X 0 0 0 John Hoffman Director 1 0 X 0 0 0 Jorge Lomeli Director 1 0 X 0 0 0 Bob Wadsworth Director 1 0 X 0 0 0 Kellie Hand Director 1 0.00 X 0 0 0 Ray Hitchcock Director 1 0 X 0 0 0 Crawford Jordan Director 1 0 X 0 0 0 Rodney Young Director 1 0 X 0 0 0 Maggie Romens Director 1 0 X 0 0 0 Steve Mayle Director 1 0 X 0 0 0 Marcus Sherels Directors 1 0 X 0 0 0 Michael Smith Director 1 0 X 0 0 0 John McCormick Director 1 0 X 0 0 0 Melanee Meegan Marketing Chair 1 0 X X 0 0 0 Jacob Murray Program Chair 1 0 X X 0 0 0 Brad Becker Treasurer/Finance Chair 1 0 X X 0 0 0 Bill Gaumond Board Chair 5 0 X X 0 0 0 Lou Close Board Vice Chair 2 0 X X 0 0 0 Dave Jones Development Chair 2 0 X X 0 0 0 Keith Nelsen Governance Chair 2 0 X X 0 0 0 143905 0 0 1 0 0 0 0 0 0 285228 0 184878 1085561 0 1555667 0 9708 0 0 9708 0 0 0 0 0 0 0 0 27135 0 0 0 27135 0 27135 27135 0 0 0 0 137909 285228 49041 88868 0 88868 Insurance Proceeds 900099 96776 0 0 96776 869 869 0 0 97645 1779023 28004 0 195352 12000 12000 143905 57562 14390 71953 742320 624831 56508 60981 82304 63374 6584 12346 69642 53624 5572 10446 85148 85148 25800 25800 1655 1655 39309 6134 33175 9285 2924 6361 57968 15517 23561 18890 59678 5123 45889 8666 73205 50809 7805 14591 9868 7008 228 2632 24340 10345 1724 12271 35188 35188 59480 46573 8663 4244 43583 33559 3487 6537 Event Expenses 83233 15485 0 67748 Membership Dues 7872 7872 0 0 27839 27193 646 1693622 1030875 306106 356641 193499 224995 243829 360513 93628 102348 10543 5686 1849333 873826 1034987 975507 117697 131656 1702903 1791985 64783 82255 10000 100 709751 697140 34338 27865 818872 807360 X 647321 703574 236710 281051 884031 984625 1702903 1791985 85401 15193 0 0 0 0 X 0 1 X 1 0 X 1181724 1177643 1592165 1404931 1598991 6955454 1181724 1177643 1592165 1404931 1598991 6955454 59434 6896020 5 6 229 548 36843 37631 4518 4832 9350 869 869 7003304 0 0.98468 0.9902 X Schedule A, Part II, Line 10 Other Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 13333 0 0 13333 0 Schedule C, Part II-B, Line 1 The Organization paid a lobbyist to lobby on their behalf with State Officials. 117697 0 15614 0 0 1655 131656 136120 0 -17106 0 0 1317 117697 113288 0 22832 0 0 0 136120 96688 7000 21476 0 10738 1138 113288 83321 0 28520 0 14260 893 96688 0 1 0 0 0 0 201375 201375 0 1563874 824842 739032 0 0 0 0 0 46139 36968 9171 0 37945 12016 25929 975507 Long-Term Growth Strategy 101141 F Multi-Asset Endowment Portfolio 10375 F Diversified Equity Portfolio 10070 F Socially Responsible Equity Portfolio 10070 F 131656 0 Lease liability 27865 27865 X 1843385 15193 50824 0 0 66017 1777368 1655 0 1655 1779023 1742791 50824 0 0 0 50824 1691967 1655 0 1655 1693622 Schedule D, Part V, Line 4 To provide a predictable stream of funding to programs supported by the endowment. Schedule D, Part X, Line 2 The Organization's activities are generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Since the Organization is exempt from federal and state income tax liability, no provision is made for current or deferred income tax expense. The Organization is not a private foundation. Management has determined that the Organization is subject to unrelated business income tax. Management is not aware of any transactions that would impact the Organization's tax-exempt status. The Organization follows the guidance of the Accounting Standard Codification (ASC) 740, Accounting for Income Taxes, related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of positions taken or expected to be taken in a tax return. For the years ended December 31, 2023 and 2022, management of the Organization is not aware of any material uncertain tax positions. All tax-exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the Internal Revenue Code and applicable state statutes. For federal tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those returns. X X X X X X X 1 Agile Advancement Partners 921 5th Street North Stillwater MN 55082 Grant Writer 0 456151 25800 430351 456151 25800 430351 MN Annual Dinner 240661 191056 49605 0 0 0 21071 0 292 Golf Classic 92850 64492 28358 0 0 0 19008 0 3600 2 70782 29680 41102 0 0 0 4130 0 940 404293 285228 119065 0 0 0 44209 0 4832 49041 70024 1 Scholarships 2 12000 0 Cash Schedule I, Part I, Line 2 The scholarships are not monitored. Form 990, Part V, Line 3a The Organization has determined that substantially all of the property's use is related to the exempt purposes. Form 990, Part VI, Section B, Line 11b The finance committee reviews the 990, then the Board of Directors reviews the 990 before it is filed. If errors are found changes will be made to the return before it is filed. Form 990, Part VI, Section B, Line 12c The employee handbook requires employees to disclose to management. Form 990, Part VI, Section B, Line 15 The Board reviewed comparable salaries for senior level positions in the region with the target range based on Minnesota Council of Nonprofits salary survey data along with comparable salaries for similar positions in the region. Form 990, Part VI, Section C, Line 19 Audited financials & 990 are shared on our website. Governing documents and conflict of interest policy are available upon request, but the Organization participates in the Charities Review Council Accountability Wizard and other online charitable reporting guides.