Kinetic Minds
- Assets
- $96.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 26
- Location
- Goldsboro, NC
- Founding
- 03/2012
- Data as of
- 09/2023
- EIN
- 38-3865648
Organization Overview
Kinetic Minds is located in Goldsboro, NC. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Kinetic Minds employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinetic Minds 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 09/2023, Kinetic Minds generated $60.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $24.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (41.1%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
KINETIC MINDS, INC. OPERATED A SUMMER PROGRAM THROUGH THE BURROUGHS WELLCOME FUND SSEP PROGRAM, PROVIDING STEM OPPORTUNITIES FOR RISING 5TH TO 9TH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Carmichael Chair | 0 | $0 | |
Eskabonna Henderson Executive Director | 3 | $3,200 | |
Danice Henderson Treasurer | 1 | $469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| 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 | $60,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,714 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,414 |
| Total expenses | $24,128 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,975 |
| Other assets | $0 |
| Total assets | $95,975 |
| Total liabilities | $0 |
| Net assets or fund balances | $95,975 |