Nonprofit · EIN 35-2646735
INSPIRING MINDS OF NEW YORK CITY INC
Tax-exempt · BROOKLYN, NY 11216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,840,821 | $1,306,860 | $533,961 | $2,264,881 | $132,628 | $2,132,253 |
| December 31, 2024 | 990 | $2,206,768 | $1,658,276 | $548,492 | $1,711,553 | $113,261 | $1,598,292 |
| December 31, 2023 | 990 | $1,762,861 | $1,055,448 | $707,413 | $1,364,185 | $314,385 | $1,049,800 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,840,821
- of which government grants
- $1,731,268
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $86,704
- Other salaries and wages
- $251,870
- Salaries, compensation and benefits (total)
- $378,444
- Professional fundraising fees
- $0
- Legal fees
- $696
- Accounting fees
- $20,420
- Travel
- $184,086
- Program services (functional)
- $1,217,812
- Management and general (functional)
- $89,048
Balance sheet and other
- Total assets, start of year
- $1,711,553
- Total assets, end of year
- $2,264,881
- Total liabilities, end of year
- $132,628
- Net assets, end of year
- $2,132,253
- Net assets without donor restrictions
- $2,132,253
- Gross receipts
- $1,840,821
- Employees
- 7
- Volunteers
- 12
- Year formed
- 2019
- State of legal domicile
- NY
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Katrena Perou | Executive Dir. Officer | 40 | $80,500 | $6,204 |
| Sharleen Morris | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Renee K Smith | Co-Chairmain Trustee or director, Officer | 1 | $0 | $0 |
| Tabari Bomani | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jordan Weiss | Director Trustee or director | 1 | $0 | $0 |
| Suhui Won | Director Trustee or director | 1 | $0 | $0 |
| Duane Kinnon | Director Trustee or director | 1 | $0 | $0 |
| Sheridan Jack-Brown | Director Trustee or director | 1 | $0 | $0 |
| Nicole Anaejinou | Director Trustee or director | 1 | $0 | $0 |
| Marquitta Speller | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Katrena Perou | Executive Dir. Officer | 40 | $150,769 | $10,536 |
| Sharleen Morris | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Renee K Smith | Co-Chairmain Trustee or director, Officer | 1 | $0 | $0 |
| Tabari Bomani | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jordan Weiss | Director Trustee or director | 1 | $0 | $0 |
| Suhui Won | Director Trustee or director | 1 | $0 | $0 |
| Duane Kinnon | Director Trustee or director | 1 | $0 | $0 |
| Sheridan Jack-Brown | Director Trustee or director | 1 | $0 | $0 |
| Nicole Anaejinou | Director Trustee or director | 1 | $0 | $0 |
| Marquitta Speller | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Katrena Perou | Executive Dir. Officer | 40 | $120,000 | $10,536 |
| Sharleen Morris | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Renee K Smith | Co-Chairmain Trustee or director, Officer | 1 | $0 | $0 |
| Valencia Macon | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jordan Weiss | Director Trustee or director | 1 | $0 | $0 |
| Suhui Won | Director Trustee or director | 1 | $0 | $0 |
| Duane Kinnon | Director Trustee or director | 1 | $0 | $0 |
| Sheridan Jack-Brown | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1130 BEDFORD AVE NO 13, BROOKLYN, NY 11216-1303
- In care of
- % KATRENA PEROU
- Principal officer (990 for 2024)
- Katrena Perou, 1130 Bedford Ave 13, Brooklyn, NY 11216
- Signed the 990
- Katrena Perou, Executive Director
- Phone
- (516) 375-3703
- 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 and Summer Programming is offered weekly for students focusing on education, mentoring, leadership, arts, civic engagement, college and career readiness, internships, personal development and so much more. At Inspiring Minds, students work in a happy, safe and structured environment that encourages them to become the next generation of leaders.The Life Goal Labs curriculum is an emotional wellness and leadership program for high school students ages 13-20, inspired by the healing philosophies of indigenous cultures from around the world. The program uses nature as a thematic guide to support participants as they awaken their personal leadership style. It arms students with tools for emotional literacy, stress reduction, and body awareness so that they may access their inner compass for success. During the pandemic, this program became Coed due to an increasing demand of health and wellness for the boys. The Sankofa Young Mens Empowerment Program will provide students with a holistic educational experience designed to assist them in cultivating their leadership skills. This 10-week experience will draw on principles from West African rite of passage ceremonies that prepare boys to transition into manhood. Through multimedia presentations and engaging activities that challenge the group to work collectively, students will be provided a safe forum to assist them in their development. During the pandemic this transitioned to being a coed program due to George Floyd and the rising popularity of Black Lives Matter. Girls needed the services from this program to provide a platform for them to discuss their concerns about the racial tension in this country. Internships Targeting seniors in high school, participants will receive 20 hours of training around professionalism, work etiquette and will explore different sectors in the field. Students will be assigned internships after they have completed their training and will go through a reflection and next step process with the Internship Coordinator. College Tours Inspiring Minds will set up 2 college tours each year for all students participating in IM programming. Students will learn about admissions, different areas of study, the life and journey of a college student from current students, fraternities/sororities and scholarship opportunities. The first tour will be local and the 2nd tour will be out of state. CIVICS In partnership with YeyeX, Inspiring Minds built a culturally responsive academic intervention that will include music videos, songs tailored to the content and a curriculum guide. The school will choose the academic area of focus and assign an educator from their staff to support the team with aligning the curriculum. We focus on the following activities under each Area of Impact:Education: We assist our youth with homework; tutoring; provide them with learning activities focusing on reading, language arts, STEM, entrepreneurship, and financial literacy; provide them frequent monitoring of each student's interim grades, report cards, and state test scores; and provide our youth with incentives for student academic and behavioral achievement. College & Career Readiness: We provide our youth with career guidance and exploration; take them on company tours (including The White House, Coca Cola, Warner Brothers & Universal Studios, Ohio State House, Cleveland Indians, Madison Square Garden, The Apollo, Lucas Oil Stadium - Indianapolis Colts, General Motors, and BET Headquarters); provide them with college tours (colleges and universities visited include Penn State University, Purdue University, University of Southern California, Parsons School of Art & Design, The Art Institutes, University of Notre Dame, Thiel College, Duke University, The Ohio State University, and Bowling Green State University); and assist them with professional development such as resume writing, mock interviews, job shadowing, career camps, and internship opportunities. Exposure to New Experiences: We have provided our youth with week-long trips and day trips to various destinations across the county. Inspiring Minds youth have explored diverse communities, visited museums, embraced cultural tradition, and have been introduced to new foods. We've also introduced our youth to professional athletes, famous entertainers, and CEOs. Health & Wellness: We teach our youth about nutrition and cooking; sports education through exposure to traditional and non-traditional sports such as football, basketball, soccer, volleyball, tennis, track and field; help them find exercises they enjoy such as swimming, dancing, boxing, weightlifting, yoga, tai-chi and more; and teach them about personal hygiene. Personal Development: We require 100% participation in our activities to encourage students to try new things outside of their comfort zone. Inspiring Minds sets expectations for acceptable behaviors such as regular attendance, participation, respect for staff and peers, dress code adherence and transportation safety in order to develop character within our students. We also provide our youth with opportunities to plan, organize and participate in community service projects.THIS PROGRAM WAS ALSO SUPPORTED DURING THE YEAR BY IN KIND DONATIONS OF SERVICES INCLUDING OFFICE AND CLASSROOM SPACE USE VALUED AT $12,500.Expenses $1,217,812
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 35-2646735
- 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
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $2,264,881
- Income (IRS master file)
- $1,840,821
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,840,821 | $1,306,860 | $2,264,881 | IRS |
| 990 | December 2024 | $2,206,768 | $1,658,276 | $1,711,553 | IRS |
| 990 | December 2023 | $1,762,861 | $1,055,448 | $1,364,185 | XML |
| 990 | December 2022 | $502,990 | $443,928 | $364,011 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 35-2646735).
Questions about INSPIRING MINDS OF NEW YORK CITY INC
- What is the EIN of INSPIRING MINDS OF NEW YORK CITY INC?
- The employer identification number (EIN) of INSPIRING MINDS OF NEW YORK CITY INC is 35-2646735.
- Is INSPIRING MINDS OF NEW YORK CITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INSPIRING MINDS OF NEW YORK CITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRING MINDS OF NEW YORK CITY 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 MINDS OF NEW YORK CITY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSPIRING MINDS OF NEW YORK CITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INSPIRING MINDS OF NEW YORK CITY INC?
- The 990 for the year ended June 30, 2025 names Katrena Perou.
- Who are the officers and directors of INSPIRING MINDS OF NEW YORK CITY INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $80,500 (Katrena Perou, Executive Dir.).
- How much revenue does INSPIRING MINDS OF NEW YORK CITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,840,821, expenses of $1,306,860 and total assets of $2,264,881 at year end.
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