Open Minds Inc
- Assets
- $311.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-2395601
Organization Overview
Open Minds Inc is located in Memphis, TN. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Minds Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Open Minds Inc generated $156.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $135.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SERVES APPROXIMATELY 292 CLIENTS BY PREPARING BUDGETSAND PAYING BILLS WITH CLIENT FUNDS. MANDATED THROUGH SSISERVICE REVENUES ARE PAID BY CLIENT FUNDS AND ARE $45 PER PERSON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Crossen President/director | 5 | $0 | |
Tabrina Estes Secretary/director | 2 | $0 | |
Michelle Acred Treasurer/director | 5 | $0 | |
Brian Miller Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $156,912 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $156,912 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,969 |
| Professional fees and other payments to independent contractors | $27,289 |
| Occupancy, rent, utilities, and maintenance | $25,903 |
| Printing, publications, postage, and shipping | $4,233 |
| Other expenses | $7,791 |
| Total expenses | $135,185 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,845 |
| Other assets | $0 |
| Total assets | $311,116 |
| Total liabilities | $0 |
| Net assets or fund balances | $311,116 |