Nonprofit · EIN 87-2402543
AKTIVE MINDS FOUNDATION
Tax-exempt · DETROIT, MI 48202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $81,538 | $54,171 | $27,367 | $28,038 | $0 | $28,038 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $33,013
- Program service revenue
- $32,296
- Net income from fundraising events
- $16,229
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $18,290
- Occupancy
- $2,002
- Printing, publications and postage
- $4,981
- Other expenses
- $28,898
- Program services (functional)
- $35,084
Balance sheet and other
- Total assets, start of year
- $671
- Total assets, end of year
- $28,038
- Total liabilities, end of year
- $0
- Net assets, end of year
- $28,038
- Cash, savings and investments
- $28,038
- Gross receipts
- $93,941
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Deramo | Executive Director | 40 | $0 |
| Nicolo Deramo | President | 5 | $0 |
| Roy Bishop Jr | Vice President | 5 | $0 |
| Curt Marshall | Treasurer | 5 | $0 |
| Amyre Vincent | Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 440 BURROUGHS ST, DETROIT, MI 48202-3429
- Mailing address (990-N for 2023)
- 440 Burroughs, DETROIT MI 48202
- Principal officer (990-N for 2023)
- Sarah Deramo, 440 Burroughs, DETROIT MI 48202
- Signed the 990-EZ
- Sarah Deramo, President
- Phone
- (313) 721-5654
- Return prepared by
- Dynamic Assurance Services PLC
Mission
The organization was formed to act as a resource of benefit to existing and future enrichment youth organizations, and to any individual child and or family looking to participate in direct or qualifying third party enrichment programs. Free resources and tools are provided in all forms to be used for both mental and physical development of youth and their families as well as host community events to serve as social and emotional outlets for them.
Program accomplishments
- Basketball program where lessons are taught to become successful on and off the court, teaches character and leadership lessons, classrom assements. To help grow their mental and emotional evolution.Expenses $32,247
- Free event for children to get haircuts, food, raffle prizes to assist the children to get out and active in the community. Physical activity helps children stay fit mentally and physicially. Back to school giveaways also ensure that all children have the supplies they need to be successful in the classroom.Expenses $2,837
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-2402543
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O01)
- Assets (IRS master file)
- $28,038
- Income (IRS master file)
- $93,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $81,538 | $54,171 | $28,038 | XML |
| 990-N for 2023 Officer: Sarah Deramo | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Sarah Deramo | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Sarah Deramo | December 31, 2021 | ≤ $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 87-2402543).
Questions about AKTIVE MINDS FOUNDATION
- What is the EIN of AKTIVE MINDS FOUNDATION?
- The employer identification number (EIN) of AKTIVE MINDS FOUNDATION is 87-2402543.
- Is AKTIVE MINDS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to AKTIVE MINDS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AKTIVE MINDS FOUNDATION 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 AKTIVE MINDS FOUNDATION 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 AKTIVE MINDS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of AKTIVE MINDS FOUNDATION?
- The 990-N for 2023 names Sarah Deramo.
- Who are the officers and directors of AKTIVE MINDS FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does AKTIVE MINDS FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $81,538, expenses of $54,171 and total assets of $28,038 at year end.
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