Enriching Young Minds is located in Detroit, MI. The organization was established in 2019. 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. Enriching Young 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 12/2023, Enriching Young Minds generated $10.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $10.1k during the year ending 12/2023. While expenses have increased by 37.2% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
**ACCOMPLISHMENTS OF ENRICHING YOUNG MINDS' EMPOWERMENT PROGRAM: DETROIT'S YOUNG BLACK GIRLS IN BUSINESS CHILDREN'S FAIR** ENRICHING YOUNG MINDS PROUDLY HOSTED THE DETROIT'S YOUNG BLACK GIRLS IN BUSINESS CHILDREN'S FAIR, AN EVENT DESIGNED TO EMPOWER YOUNG BLACK GIRLS AGED 6-16. OUR GOAL WAS TO PROVIDE THESE ASPIRING ENTREPRENEURS WITH PRACTICAL BUSINESS EXPERIENCE AND INSTILL CONFIDENCE, LEADERSHIP, AND A SENSE OF COMMUNITY. ONE OF THE CORNERSTONE ACHIEVEMENTS OF THE FAIR WAS OFFERING PARTICIPANTS HANDS-ON EXPERIENCE IN SELLING THEIR PRODUCTS. EACH GIRL HAD THE OPPORTUNITY TO SET UP HER BOOTH, DISPLAYING A RANGE OF INNOVATIVE PRODUCTS. THIS EXPERIENCE WAS NOT ONLY ABOUT SALES BUT ALSO ABOUT UNDERSTANDING THE NUANCES OF CUSTOMER INTERACTION, PRODUCT PRESENTATION, AND THE IMPORTANCE OF A PERSONAL TOUCH IN BUSINESS. THE GIRLS INTERACTED DIRECTLY WITH COMMUNITY MEMBERS, LEARNING TO PITCH THEIR PRODUCTS EFFECTIVELY. THIS INVOLVED USING CLEAR AND PERSUASIVE LANGUAGE, UNDERSTANDING CUSTOMER NEEDS, AND RESPONDING TO INQUIRIES PROFESSIONALLY. THESE INTERACTIONS HELPED THE GIRLS GAIN CONFIDENCE IN THEIR ABILITIES TO COMMUNICATE AND SELL, KEY SKILLS FOR ANY BUDDING ENTREPRENEUR. **DEVELOPING BUSINESS SKILLS** THROUGHOUT THE FAIR, PARTICIPANTS RECEIVED GUIDANCE ON ESSENTIAL BUSINESS PRACTICES, INCLUDING PRICING STRATEGIES, INVENTORY MANAGEMENT, AND FINANCIAL LITERACY. THEY LEARNED HOW TO BALANCE COSTS WITH PRICING TO ENSURE PROFITABILITY WHILE PROVIDING VALUE TO CUSTOMERS. THIS PRACTICAL KNOWLEDGE IS CRUCIAL FOR THEIR FUTURE ENDEAVORS IN ANY BUSINESS LANDSCAPE. **COMMUNITY SUPPORT AND NETWORKING** THE FAIR ALSO SERVED AS A NETWORKING PLATFORM. THE GIRLS MET LOCAL BUSINESS OWNERS, COMMUNITY LEADERS, AND POTENTIAL MENTORS. THESE INTERACTIONS PROVIDED VALUABLE INSIGHTS AND INSPIRATION, REINFORCING THE BELIEF THAT THEY CAN SUCCEED IN THE BUSINESS WORLD. THE COMMUNITY'S SUPPORT WAS OVERWHELMING, SHOWCASING THE IMPORTANCE OF NURTURING YOUNG TALENT AND ENCOURAGING ENTREPRENEURIAL SPIRIT. **LEADERSHIP AND TEAMWORK** ORGANIZING AND PARTICIPATING IN THE FAIR FOSTERED LEADERSHIP AND TEAMWORK. THE GIRLS HAD TO COLLABORATE, PLAN THEIR BOOTH SETUPS, AND ASSIST EACH OTHER, LEARNING THE IMPORTANCE OF WORKING TOGETHER TOWARDS A COMMON GOAL. THESE EXPERIENCES ARE VITAL AS THEY BUILD A FOUNDATION FOR LEADERSHIP AND COLLABORATION SKILLS THAT WILL BENEFIT THEM THROUGHOUT THEIR LIVES. **FEEDBACK AND CONTINUOUS IMPROVEMENT** AN INTEGRAL PART OF THE FAIR WAS COLLECTING FEEDBACK FROM PARTICIPANTS AND ATTENDEES. THIS FEEDBACK HIGHLIGHTED THE STRENGTHS OF EACH GIRL AND AREAS FOR IMPROVEMENT. THE PROCESS OF RECEIVING AND ACTING ON FEEDBACK IS A CRITICAL BUSINESS SKILL, TEACHING THE GIRLS TO ADAPT AND REFINE THEIR APPROACHES BASED ON CUSTOMER INPUT. **PARENTAL AND GUARDIAN INVOLVEMENT** THE FAIR ALSO EMPHASIZED THE ROLE OF PARENTS AND GUARDIANS IN THE ENTREPRENEURIAL JOURNEY. WORKSHOPS WERE HELD TO EDUCATE THEM ON SUPPORTING THEIR CHILDREN'S BUSINESS ASPIRATIONS, CREATING A SUPPORTIVE ENVIRONMENT AT HOME THAT NURTURES AND ENCOURAGES CONTINUOUS LEARNING AND GROWTH. **CELEBRATING DIVERSITY AND CULTURE** OUR PROGRAM CELEBRATED THE RICH CULTURAL HERITAGE OF THE PARTICIPANTS. THE FAIR FEATURED CULTURAL DISPLAYS, PERFORMANCES, AND PRODUCTS THAT REFLECTED THE GIRLS' BACKGROUNDS. THIS NOT ONLY INSTILLED PRIDE IN THEIR IDENTITIES BUT ALSO EDUCATED THE COMMUNITY ABOUT THE DIVERSE TALENTS AND PERSPECTIVES WITHIN THE BLACK COMMUNITY. **CONCLUSION** THE DETROIT'S YOUNG BLACK GIRLS IN BUSINESS CHILDREN'S FAIR WAS A RESOUNDING SUCCESS. IT PROVIDED 20 YOUNG GIRLS WITH A PLATFORM TO SHOWCASE THEIR TALENTS, GAIN PRACTICAL BUSINESS EXPERIENCE, AND RECEIVE COMMUNITY SUPPORT. THE EVENT WAS A TESTAMENT TO THE POTENTIAL OF YOUNG BLACK GIRLS TO THRIVE AS FUTURE BUSINESS LEADERS WHEN GIVEN THE RIGHT OPPORTUNITIES AND SUPPORT. ENRICHING YOUNG MINDS REMAINS COMMITTED TO FOSTERING THESE OPPORTUNITIES AND HELPING YOUNG ENTREPRENEURS ACHIEVE THEIR DREAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Crystal Dowe President | 20 | $0 | |
Crystal Dowe Treasurer | 20 | $0 | |
Ria Thurmond Secretary | 10 | $0 | |
Crystal Dowe Executive Director | 20 | $0 | |
Chris Camper Director | 10 | $0 | |
Shirletha Gaskins Director | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $9,700 |
Total Program Service Revenue | $455 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $10,155 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $670 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $476 |
Other expenses | $8,930 |
Total expenses | $10,076 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $579 |
Other assets | $0 |
Total assets | $579 |
Total liabilities | $0 |
Net assets or fund balances | $579 |