Building Opportunities & Opening Minds
- Assets
- $424.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- DeSoto, TX
- Founding
- 11/2017
- Data as of
- 03/2023
- EIN
- 81-3359634
Organization Overview
Building Opportunities & Opening Minds is located in DeSoto, TX. The organization was established in 2017. 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. Building Opportunities & Opening 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 03/2023, Building Opportunities & Opening Minds generated $64.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (73.9%) each year. All expenses for the organization totaled $403.3k during the year ending 03/2023. 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
BUILDING OPPORTUNITIES & OPENING MINDS OPERATES A SUMMER PROGRAM CALLED FREEDOM SUMMER. IN SUMMER 2022, WE HAD 47 FLAMES (K-6 CHILDREN), 8 MATCHES (8TH-10TH GRADERS), 5 SPARKS (COLLEGE STUDENT PARTICIPANTS) AND 5 TRAILBLAZERS (EARLY CAREER). 81.5% OF THE FLAMES GAINED LITERACY LEVELS AS MEASURED BY THE DRA TEST, WHILE 18.5% MAINTAINED PREVIOUS SCORES. WE AWARDED $28,500 IN BOOM FREEDOM FUND AWARDS TO 7 LOCAL BLACK AND BROWN HIGH SCHOOL AND 6 COLLEGE STUDENTS; $24,000 IN AMERICORPS EDUCATION AWARDS TO 6 COLLEGE PARTICIPANTS; $52,000 IN FELLOWSHIP FUNDS TO 6 LOCAL BLACK AND BROWN EARLY CAREER EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Jenkins Fdr & Exec Dir | 70 | $0 | |
Alli Myatt Director | 1 | $0 | |
Taylor Toynes Director | 1 | $0 | |
Brittany Brady Director | 1 | $0 | |
Xavier Henderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,179 |
| Total Program Service Revenue | $22,356 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,535 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $185,159 |
| Professional fees and other payments to independent contractors | $45,780 |
| Occupancy, rent, utilities, and maintenance | $8,053 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $164,277 |
| Total expenses | $403,269 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $424,718 |
| Other assets | $0 |
| Total assets | $424,718 |
| Total liabilities | $0 |
| Net assets or fund balances | $424,718 |