Platinum Minds Inc
- Assets
- $9.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chester, NJ
- Founding
- 11/2007
- Data as of
- 12/2023
- EIN
- 20-8826409
Organization Overview
Platinum Minds Inc is located in Chester, NJ. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platinum 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 12/2023, Platinum Minds Inc generated $73.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $90.8k during the year ending 12/2023. While expenses have increased by 12.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
HELPING DISADVANTAGED YOUTH REACH THEIR HIGHEST POTENTIAL THROUGH EDUCATION OPPORTUNITIES AND LEADERSHIP TRAINING. NINETY-SEVEN PERCENT OF OUR SCHOLARS GRADUATE HIGH SCHOOL, TO TO COLLED AND RECEIVE ACADEMIC, SPORTS OR NEEDS- BASED SCHOLARSHIPS AND FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Long Executive Director | 0 | $0 | |
Janaka Desilva Treasurer | 0 | $0 | |
Tanya Jeffords Trustee | 0 | $0 | |
Karen Kirby Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,736 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,736 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,863 |
| Occupancy, rent, utilities, and maintenance | $5,958 |
| Printing, publications, postage, and shipping | $2,649 |
| Other expenses | $47,802 |
| Total expenses | $90,794 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,710 |
| Other assets | $0 |
| Total assets | $9,382 |
| Total liabilities | $17,587 |
| Net assets or fund balances | -$8,205 |