Nonprofit · EIN 27-0659568
INSPIRING YOUNG MINDS INC
Tax-exempt · BROOKLYN, NY 11236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $82,434 | $98,546 | -$16,112 | $20,490 | – | $21,434 |
| December 31, 2024 | 990-EZ | $180,276 | $174,830 | $5,446 | $37,546 | – | $8,262 |
| December 31, 2023 | 990-EZ | $74,713 | $77,757 | -$3,044 | $25,177 | $22,361 | -$3,044 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $82,434
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $87,295
- Occupancy
- $10,693
- Printing, publications and postage
- $558
- Program services (functional)
- $54,033
Balance sheet and other
- Total assets, start of year
- $37,546
- Total assets, end of year
- $20,490
- Total liabilities, end of year
- –
- Net assets, end of year
- $21,434
- Cash, savings and investments
- $20,490
- Gross receipts
- $82,434
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CHEONG | PRESIDENT | 20 | $0 |
| LOUIS MOORE | DIRECTOR | 20 | $0 |
| MARION CHEONG | DIRECTOR | 20 | $0 |
| JACQUELINE GRAHAM-MILLS | DIRECTOR/SECRETARY | 20 | $0 |
| SHARI FORD | DIRECTOR | 20 | $0 |
| KURT FLEHINGER | DIRECTOR | 20 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CHEONG | PRESIDENT | 20 | $0 |
| LOUIS MOORE | DIRECTOR | 20 | $0 |
| MARION CHEONG | DIRECTOR | 20 | $0 |
| JACQUELINE GRAHAM-MILLS | DIRECTOR/SECRETARY | 20 | $0 |
| SHARI FORD | DIRECTOR | 20 | $0 |
| ASAF HAHAMI | DIRECTOR | 20 | $0 |
| KURT FLEHINGER | DIRECTOR | 20 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CHEONG | PRESIDENT | 20 | $0 |
| LOUIS MOORE | DIRECTOR | 20 | $0 |
| MARION CHEONG | DIRECTOR | 20 | $0 |
| JACQUELINE GRAHAM-MILLS | DIRECTOR/SECRETARY | 20 | $0 |
| SHARI FORD | DIRECTOR | 20 | $0 |
| ASAF HAHAMI | DIRECTOR | 20 | $0 |
| KURT FLEHINGER | DIRECTOR | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 10014 AVENUE M, BROOKLYN, NY 11236-5023
- In care of
- % MARK CHEONG
- Mailing address (990-N for 2022)
- 10014 Avenue M, Brooklyn NY 11235
- Principal officer (990-N for 2022)
- Mark Cheong, 10014 Avenue M, Brooklyn NY 11235
- Signed the 990-EZ
- MARK CHEONG, MARK CHEONG
- Website
- www.inspiringyoungminds.org
- Return prepared by
- MAX TAX 1342 LLC
Mission
Educational College Prep Placem
Program accomplishments
- Process 140 apps, guide families w/adm. & fin. Apps, maintain database,advocate for students.Expenses $23,334
- Host Annual 2 day public event for over 100 boarding schools from around the country allowing families to meet adm reps learn of benefits.Expenses $22,081
- IYM volunteer staff members attend annual enrollment conference of independent schools for workshops and professional development.Expenses $8,618
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-0659568
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $20,490
- Income (IRS master file)
- $82,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $82,434 | $98,546 | $20,490 | IRS |
| 990-EZ | December 2024 | $180,276 | $174,830 | $37,546 | XML |
| 990-EZ | December 2023 | $74,713 | $77,757 | $25,177 | XML |
| 990-N for 2022 Officer: Mark Cheong | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Mark Cheong | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2017 Officer: Mark Cheong | December 31, 2017 | ≤ $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 27-0659568).
Questions about INSPIRING YOUNG MINDS INC
- What is the EIN of INSPIRING YOUNG MINDS INC?
- The employer identification number (EIN) of INSPIRING YOUNG MINDS INC is 27-0659568.
- Is INSPIRING YOUNG MINDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to INSPIRING YOUNG MINDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRING YOUNG MINDS INC 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 YOUNG MINDS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSPIRING YOUNG MINDS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of INSPIRING YOUNG MINDS INC?
- The 990-N for 2022 names Mark Cheong.
- Who are the officers and directors of INSPIRING YOUNG MINDS INC?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does INSPIRING YOUNG MINDS INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $82,434, expenses of $98,546 and total assets of $20,490 at year end.
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