Bolder Options

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.

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)Compensation
Darrell Thompson
President
$136,802
John Mccormick
Chair & Trea
$0
Jennifer Kraus
Secretary
$0
Jorge Lomeli
Program Chai
$0
Jessica Roe
Human Capita
$0
Bill Gaumond
Finance Chai
$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

Grants Recieved

Over the last fiscal year, we have identified 38 grants that Bolder Options has recieved totaling $564,917.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$96,688
Admin Expense$1,138
Net Contributions$7,000
Other Expense$10,738
Ending Balance$113,288

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