Bolder Options
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $113.3k
- Employees
- 18
- Location
- Minneapolis, MN
- Founding
- 11/1998
- Data as of
- 12/2020
- EIN
- 41-1909408
Organization Overview
Bolder Options is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2020, Bolder Options employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bolder Options 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 12/2020, Bolder Options generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. While expenses have increased by 0.6% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING YOUTH TO SUCCEED IN ALL OF LIFE'S RACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING FOR 25 YEARS, BOLDER OPTIONS HAS PROVIDED ONE-ON-ONE, WELLNESS-BASED MENTORING FOR LOW-INCOME MIDDLE SCHOOL YOUTH WHO ARE STRUGGLING. ONCE WE HAVE IDENTIFIED YOUTH WHO NEED SUPPORT, WE MATCH THEM WITH VOLUNTEER MENTORS WHO MEET WITH THEM EVERY WEEK FOR A YEAR PARTICIPATING IN HEALTHY AND FUN ACTIVITIES PLANNED BY BOLDER STAFF. EACH PAIR SETS PHYSICAL HEALTH, ACADEMIC, AND SOCIAL/EMOTIONAL HEALTH GOALS. AFTER MEETING GOALS AND STAYING TOGETHER FOR AT LEAST A YEAR, PAIRS GRADUATE AND ARE INVITED TO STAY INVOLVED THROUGH OUR ALUMNI PROGRAM. MORE THAN 90% OF PAIRS CHOOSE TO CONTINUE THE RELATIONSHIP AFTER GRADUATION. IN 2020, BOLDER OPTIONS SERVED 2,400 YOUTH AND 57 MENTORS.
ALUMNI PROGRAM BOLDER OPTIONS HAS A FULL-TIME STAFF PERSON DEDICATED TO CONNECTING WITH AND SUPPORTING ALUMNI, AS WELL AS PLANNING PROGRAMMING FOR THE NEEDS OF YOUTH AS THEY TRANSITION FROM MIDDLE SCHOOL TO HIGH SCHOOL, AND EVEN BEYOND INTO COLLEGE AND CAREERS. WE HAVE AN ALUMNI ADVISORY BOARD COMPRISED OF FORMER MENTEES, FORMER MENTORS, AND FAMILY MEMBERS THAT GUIDES THE DIRECTION OF THE PROGRAM AND PLANS ACTIVITIES FOCUSED ON THE INTERESTS AND NEEDS OF TEENS IN THE AREAS OF COLLEGE AND CAREER, LEADERSHIP, AND CONNECTIVITY. IN 2020, 177 ALUMNI YOUTH PARTICIPATED IN ALUMNI PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Thompson President | Officer | 40 | $136,802 |
Jennifer Kraus Secretary | OfficerTrustee | 2 | $0 |
John Mccormick Chair & Trea | OfficerTrustee | 5 | $0 |
Jorge Lomeli Program Chai | Trustee | 2 | $0 |
Jessica Roe Human Capita | Trustee | 2 | $0 |
Bill Gaumond Finance Chai | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,146,064 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,655 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,108,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $455,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,226 |
| Payroll taxes | $49,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $910 |
| Advertising and promotion | $4,373 |
| Office expenses | $52,670 |
| Information technology | $13,353 |
| Royalties | $0 |
| Occupancy | $41,835 |
| Travel | $12,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,587 |
| Interest | $36,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,213 |
| Insurance | $40,353 |
| All other expenses | $0 |
| Total functional expenses | $1,026,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,533 |
| Savings and temporary cash investments | $4,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $113,288 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,671,157 |
| Accounts payable and accrued expenses | $53,740 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $734,118 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,439 |
| Total liabilities | $921,297 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $749,860 |
Grants Recieved
Over the last fiscal year, we have identified 38 grants that Bolder Options has recieved totaling $564,917.
| Awarding Organization | Amount |
|---|---|
Greater Twin Cities United Way Minneapolis, MN PURPOSE: PROGRAM COSTS | $61,043 |
Grotto Foundation Inc Arden Hills, MN PURPOSE: MENTORSHIP PROGRAM | $50,000 |
Butzow Family Foundation Eden Prairie, MN PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $32,500 |
Torgerson Family Foundation Wayzata, MN PURPOSE: GENERAL OPERATING SUPPORT | $31,000 |
J A Wedum Foundation Plymouth, MN PURPOSE: GENERAL OPERATION SUPPORT | $30,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $30,000 |
Endowment Analysis
| Beg. Balance | $96,688 |
| Admin Expense | $1,138 |
| Net Contributions | $7,000 |
| Other Expense | $10,738 |
| Ending Balance | $113,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
Public Health Law Center Inc St Paul, MN | $2,005,877 | $4,622,958 |
Chapel Hill Academy Inc Chanhassen, MN | $7,972,164 | $5,146,130 |
International Experience A Non- Profit Corporation Northfield, MN | $3,315,141 | $2,530,227 |
Maggie Applauds Great Goals In Education Inc Wayzata, MN | $26,327,381 | $2,188,614 |
Madison Community Cooperative Madison, WI | $4,314,477 | $1,420,997 |
Minnesota State College Student Association Inc W Saint Paul, MN | $1,729,546 | $828,239 |
Minnesota Intercollegiate Athletic Conference Bloomington, MN | $290,455 | $1,169,400 |
Bolder Options Minneapolis, MN | $1,671,157 | $1,108,504 |
Athletes Committed To Educating Students Minneapolis, MN | $1,071,272 | $1,427,462 |
Einstein Project Inc Green Bay, WI | $2,102,459 | $802,083 |
The Minnesota Daily Minneapolis, MN | $1,094,775 | $1,318,573 |