Nonprofit · EIN 82-2994465
INSPIRING MINDS
Tax-exempt · BISMARCK, ND 58503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $380,097 | $381,181 | -$1,084 | $24,789 | $3,509 | $21,280 |
| December 31, 2023 | 990 | $399,528 | $391,370 | $8,158 | $30,705 | $8,341 | $22,364 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $31,286
- Program service revenue
- $348,805
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $555
- Compensation of officers, directors and key employees
- $74,778
- Other salaries and wages
- $197,470
- Salaries, compensation and benefits (total)
- $294,623
- Professional fundraising fees
- $0
- Accounting fees
- $3,243
- Occupancy
- $46,345
- Travel
- $649
- Program services (functional)
- $318,690
- Management and general (functional)
- $62,491
Balance sheet and other
- Total assets, start of year
- $30,705
- Total assets, end of year
- $24,789
- Total liabilities, end of year
- $3,509
- Net assets, end of year
- $21,280
- Net assets without donor restrictions
- $21,280
- Gross receipts
- $380,097
- Employees
- 20
- Volunteers
- 10
- Year formed
- 2017
- State of legal domicile
- ND
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 |
|---|---|---|---|---|
| ALYSIA BUDD | PRESIDENT Trustee or director, Officer | 40 | $72,600 | $2,178 |
| DR MELISSA SEIBEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LAWRENCE LANGEMO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RACHELLE KANE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HEATHER HORNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DINA CASHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BUDD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE VEIDEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALYSIA BUDD | PRESIDENT Trustee or director, Officer | 40 | $71,600 | $2,148 |
| DR MELISSA SEIBEL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LAWRENCE LANGEMO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RACHELLE KANE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HEATHER HORNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DINA CASHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BUDD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE VEIDEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1431 INTERSTATE LOOP STE C, BISMARCK, ND 58503-0510
- In care of
- % ALYSIA BUDD
- Principal officer (990 for 2024)
- ALYSIA BUDD, 1431 INTERSTATE LOOP SUITE C, BISMARCK, ND 58503
- Signed the 990
- ALYSIA BUDD, PRESIDENT
- Phone
- (701) 204-7100
- Website
- WWW.INSPIRINGMINDSCENTER.ORG
- Return prepared by
- BRADY MARTZ & ASSOCIATES PC
Mission
TO PROVIDE EFFECTIVE, QUALITY SERVICES AND EDUCATION TO SUPPORT INDIVIDUAL LEARNING NEEDS OF ALL CHILDREN AND ADULTS WITH DYSLEXIA TO ASSIST THEM IN ACHIEVING THEM THEIR FULL POTENTIAL.
Program accomplishments
- WE CONTINUED TESTING, TUTORING, AND OUR EDUCATIONAL OUTREACH AND PROGRAMMING SERVICES. OUR TEACHER TRAINING AND SCHOOL COLLABORATION TO SUPPORT SCHOOLS AND STUDENTS CONTINUES TO GROW. WE ALSO BEGAN AN INSPIRING MINDS COMMUNITY ROBOTICS TEAM IN 2024.Expenses $318,690 · grants $555 · revenue $348,805
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
- 82-2994465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28)
- Assets (IRS master file)
- $24,789
- Income (IRS master file)
- $380,097
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $380,097 | $381,181 | $24,789 | XML |
| 990 | December 2023 | $399,528 | $391,370 | $30,705 | XML |
| 990 | December 2022 | $343,863 | $363,507 | $24,907 | 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 82-2994465).
Questions about INSPIRING MINDS
- What is the EIN of INSPIRING MINDS?
- The employer identification number (EIN) of INSPIRING MINDS is 82-2994465.
- Is INSPIRING MINDS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- 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 ALYSIA BUDD.
- Who are the officers and directors of INSPIRING MINDS?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $72,600 (ALYSIA BUDD, PRESIDENT).
- How much revenue does INSPIRING MINDS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $380,097, expenses of $381,181 and total assets of $24,789 at year end.
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