Rebound Inc
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 57
- Location
- Minneapolis, MN
- Founding
- 08/2014
- Data as of
- 10/2021
- EIN
- 47-1546411
Organization Overview
Rebound Inc is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 10/2021, Rebound Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rebound 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 10/2021, Rebound Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $1.8m during the year ending 10/2021. While expenses have increased by 28.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE WAY IN THE INNOVATION AND PROVISION OF EVIDENCE BASED AND COMMUNITY CENTERED EDUCATION, ADVOCACY, AND REHABILITATION SOLUTIONS TO THE ISSUES FACING THE BLACK COMMUNITY IN THE TWIN CITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REBOUND, INC'S MISSION IS TO LEAD THE WAY IN THE INNOVATION AND PROVISION OF EVIDENCE BASED AND COMMUNITY CENTERED, EDUCATION, ADVOCACY, AND REHABILITATION SOLUTIONS TO THE ISSUES FACING THE BLACK COMMUNITY IN THE TWIN CITIES. IN THIS FISCAL YEAR, REBOUND CONTINUED TO RUN THREE CULTURALLY SPECIFIC THERAPEUTIC RESIDENTIAL GROUP HOMES/SHELTER PROGRAMS IN MINNEAPOLIS (MINNEAPOLIS - JORDAN HOUSE - BOYS; NAIMA HOUSE - GIRLS; ST. PAUL - JELANI HOUSE - BOYS). NUMBERS OF YOUTH SERVED - JORDAN: 17; NAIMA: 16; JELANI: 12.
REBOUND INC. SERVES YOUTH ON PROBATION AS WELL AS THE YOUTH IN JELANI HOUSE IN ITS 1:1 MENTOR PROGRAM. ADDITIONALLY, REBOUND RUNS AN AFTER CARE PROGRAM FOR YOUTH THAT ARE TRANSITIONING BACK INTO THEIR COMMUNITIES. THIS PROGRAM SERVES YOUTH LEAVING REBOUND OUT- OF-HOME-PLACEMENTS AS WELL AS OTHER FACILITIES. THE PROGRAM CONTINUES TO SUPPORT THE YOUTH AND THEIR FAMILIES BY PROVIDING GROUP ACTIVITIES, OUTINGS, PSYCHO-SOCIAL GROUPS, AND SOCIAL SERVICE REFERRALS/SUPPORT.
REBOUND INC SERVED YOUTH AND FAMILIES IN THREE COMMUNITY PROGRAMS THIS YEAR - THE ONGOING UJIMA FAMILY RESILIENCE PROGRAM. THIS PROGRAM BEGAN IN 2018, WITH THE FIRST GROUPS BEGINNING IN JANUARY OF 2019 AND HAS A CONTRACT THROUGH DECEMBER 2022. DUE TO THE PANDEMIC, PROGRAMMING MOVED FROM PANDEMIC-ERA ONLINE PROGRAMMING AND BACK TO IN-PERSON GROUPS BY THE END OF THIS FISCAL YEAR. IN ADDITION TO REGULAR GROUPS, REBOUND PROVIDED CRITICAL SUPPORT TO FAMILIES EXPERIENCING TRAUMA WHICH INCLUDED FOOD AND HOLIDAY SUPPORT. ADDITIONALLY, REBOUND, INC WAS GRANTED CARES ACT FUNDING AND WAS ABLE TO SERVE YOUTH AND FAMILIES IN TWO NEW, TEMPORARY PROGRAMS: JEUN DARA FOOD PROGRAM AND NGUZO SABA YOUTH DEVELOPMENT PROGRAM. JEUN DARA PROVIDED FREE, DAILY, DELIVERED MEALS FROM OCTOBER 2020 THROUGH DECEMBER 2020. MEALS WERE PROVIDED FOR INDIVIDUALS AS WELL AS FAMILIES OF ALL AGES. NGUZO SABA PROVIDED FREE ACADEMIC OPPORTUNITIES FOR 5TH - 8TH GRADE STUDENTS. MONDAY - FRIDAY, FROM OCTOBER THROUGH DECEMBER. THE PROGRAM SUPPORTED STUDENTS WITH DISTANCE LEARNING, ENGAGED IN SAFE, CREATIVE AND ACADEMIC ACTIVITIES, AND WORKED WITH COMMUNITY PARTNERS TO INTERACT WITH ROBOTICS AND OTHER STEM PROGRAMMING AS WELL AS TRAUMA INFORMED PSYCHO-SOCIAL ACTIVITIES AND GROUPS. NGUZO SABA PROVIDED CARE ON RELEASE DAYS AS WELL AS SCHOOL DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmeann Foster Executive Director | OfficerTrustee | 40 | $114,330 |
Christina Botts Finance Director | Officer | 32 | $69,078 |
Charlene Forbes Vice Chair | OfficerTrustee | 20 | $42,557 |
Sara Thomas Board Chair | OfficerTrustee | 1 | $0 |
Jaton White Secretary | OfficerTrustee | 1 | $0 |
Robb Clasen Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,946 |
| Total Program Service Revenue | $2,257,395 |
| Investment income | $4,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,581,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $195,421 |
| Compensation of current officers, directors, key employees. | $91,834 |
| Compensation to disqualified persons | $9,918 |
| Other salaries and wages | $939,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,078 |
| Payroll taxes | $99,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,343 |
| Advertising and promotion | $0 |
| Office expenses | $2,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,336 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $491 |
| Interest | $17,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,179 |
| Insurance | $52,331 |
| All other expenses | $35,524 |
| Total functional expenses | $1,844,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,379 |
| Savings and temporary cash investments | $452,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $356,759 |
| 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 | $11,916 |
| Net Land, buildings, and equipment | $471,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $383,247 |
| Total assets | $1,705,422 |
| Accounts payable and accrued expenses | $119,684 |
| 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 | $224,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $344,618 |
| Net assets without donor restrictions | $1,199,742 |
| Net assets with donor restrictions | $161,062 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,705,422 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rebound Inc has recieved totaling $30,121.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cassia Services Edina, MN | $14,755,616 | $18,639,791 |
Minnesota Masonic Charities Bloomington, MN | $12,657,081 | $2,476,347 |
Heartland Industries Of Dawson Inc Alexandria, MN | $6,643,884 | $6,479,207 |
Wisconsin Communty Action Program Association Incorporated Madison, WI | $526,927 | $3,675,578 |
Center For Independent Living For Western Wisconsin Inc Menomonie, WI | $4,885,643 | $4,142,811 |
Matthew 25 Cedar Rapids, IA | $5,226,291 | $3,717,182 |
Stairstep Foundation Minneapolis, MN | $447,520 | $2,069,991 |
Rebound Inc Minneapolis, MN | $1,705,422 | $2,581,147 |
Divine Mercy Conference Faribault, MN | $576,296 | $1,827,807 |
Usta Northern Eagan, MN | $2,419,478 | $1,989,155 |
Crivitz Youth Inc Crivitz, WI | $6,211,935 | $1,738,669 |
Society Of St Vincent De Paul Of Plymouth Inc Plymouth, WI | $5,663,794 | $1,843,724 |