Nonprofit · EIN 86-2159341
INSPIRING MINDS RALEIGH-DURHAM
Tax-exempt · DURHAM, NC 27709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $534 | $120,188 | -$119,654 | $152 | – | $152 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $534
Expenses
- Grants and similar amounts paid
- $500
- Compensation of officers, directors and key employees
- $63,323
- Salaries, compensation and benefits (total)
- $76,046
- Professional fees and payments to contractors
- $1,950
- Printing, publications and postage
- $178
- Other expenses
- $41,514
- Program services (functional)
- $91,820
Balance sheet and other
- Total assets, start of year
- $121,719
- Total assets, end of year
- $152
- Total liabilities, end of year
- –
- Net assets, end of year
- $152
- Cash, savings and investments
- $152
- Gross receipts
- $534
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bree Elzy | Executive Dir. | 40 | $63,323 |
| Dr Shaundra Daily | President | 10 | $0 |
| Charmaine Grafton | Vice President | 10 | $0 |
| Eric Williams | Treasurer | 0 | $0 |
| Isaac Roach | Board Member | 10 | $0 |
| Dr Kim Stansbury | Board Member | 10 | $0 |
| Rev Bernadine Anthony | Board Member | 10 | $0 |
| Marianne Green | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 13225, DURHAM, NC 27709-3225
- In care of
- % BREE ELZY
- Signed the 990-EZ
- Bree Elzy, Executive Dir.
- Phone
- (330) 766-0685
- 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
- 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.Expenses $56,348
- Summer programming includes a combination of fun activities focused on academics, sports, health and new experiences. Students retain knowledge they would typically lose during the summer off from school, and theyre in a safe environment surrounded by positive role models that can lead them to a promising future. Our chapter joined the other IM chapters in South Carolina for an action-packed week of exposure. Some of the students experienced their first flight, tours of Gullah Geechee Culture, historical monuments, cultural tours of several businesses and access to many entrepreneurs.This program was also supported during the year by in kind donations of services of $2500.Expenses $35,472
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2159341
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $152
- Income (IRS master file)
- $534
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $534 | $120,188 | $152 | XML |
| 990 | December 2022 | $253,662 | $134,513 | $121,719 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 86-2159341).
Questions about INSPIRING MINDS RALEIGH-DURHAM
- What is the EIN of INSPIRING MINDS RALEIGH-DURHAM?
- The employer identification number (EIN) of INSPIRING MINDS RALEIGH-DURHAM is 86-2159341.
- Is INSPIRING MINDS RALEIGH-DURHAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to INSPIRING MINDS RALEIGH-DURHAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRING MINDS RALEIGH-DURHAM file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INSPIRING MINDS RALEIGH-DURHAM 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 RALEIGH-DURHAM last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who are the officers and directors of INSPIRING MINDS RALEIGH-DURHAM?
- The 990-EZ for the year ended December 31, 2023 lists 8 people; 1 received compensation from the organization, the highest $63,323 (Bree Elzy, Executive Dir.).
- How much revenue does INSPIRING MINDS RALEIGH-DURHAM have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $534, expenses of $120,188 and total assets of $152 at year end.
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