World Mind Creation Academy
- Assets
- $162.4k
- Revenue
- $400.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2431330
Organization Overview
World Mind Creation Academy is located in Seattle, WA. As of 12/2022, World Mind Creation Academy employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Mind Creation Academy 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 12/2022, World Mind Creation Academy generated $400.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 61.8% each year . All expenses for the organization totaled $332.0k during the year ending 12/2022. While expenses have increased by 19.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE HOLISTIC SUPPORT TO YOUTH AND FAMILIES FROM MARGINALIZED COMMUNITIES THROUGH CULTURALLY RESPONSIVE PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP & BUSINESS DEVELOPMENT PROGRAM- LAB WITNESSED MANY SUCCESSES IN ITS FIRST YEAR. SHORTLY AFTER THE PROGRAMS LAUNCH, THE FIRST COHORT WAS OVERFILLED. WE INITIALLY INTENDED TO SERVE A MAXIMUM OF 12 GIRLS PER COHORT, BUT ENDED UP OPENING THE PROGRAM UP TO 16 GIRLS DUE TO AN OVERWHELMING APPLICATION RESPONSE. OUR GOAL FOR THE FIRST YEAR WAS TO SUCCESSFULLY SERVE 30 GIRLS, BUT BY THE END OF YEAR 1, 38 GIRLS COMPLETED AND GRADUATED THE PROGRAM. THIS MEANS ALL OF THE GIRLS WHO WERE RECRUITED AND SIGNED UP FOR THE PROGRAM WERE ENGAGED AS MEASURED BY THEIR ATTENDANCE RECORD AND ANSWERED POSITIVELY TO SURVEY RESPONSES REGARDING WHAT THEY LEARNED IN THE PROGRAM. 100% OF THE GIRLS WHO COMPLETED THE PROGRAM ANSWERED POSITIVELY TO THE SATISFACTION SURVEY. CONTINUED ON SCHEDULE O
YOUNG COMMUNITY BUILDERS (YCB) 2022 MARKED FIVE SUCCESSFUL YEARS OUR AFTER SCHOOL AND SUMMER PROGRAM SERVING LOW-INCOME BIPOC REFUGEE AND IMMIGRANT YOUTH IN THE SOUTH SEATTLE NEIGHBORHOOD OF RAINIER VISTA. YCB SERVES YOUTH AGES 6-14 YEARS OLD AND PROVIDES THEM WITH A SAFE NEIGHBORHOOD SPACE TO BUILD COMMUNITY WITH STAFF AND PEERS WHO LOOK LIKE THEM, SPEAK THEIR LANGUAGES AND CAN RELATE TO THEIR UNIQUE LIVED EXPERIENCES AS REFUGEES AND IMMIGRANTS/ THE CHILDREN OF REFUGEES AND IMMIGRANTS. WHILE IN THE PROGRAM, YOUTH ARE PROVIDED WITH ENRICHMENT AND TEAM BUILDING OPPORTUNITIES WHILE BEING ENGAGED AS LEADERS IN THE DEVELOPMENT OF YOUTH CENTERED COMMUNITY BUILDING PROJECTS. AN IMPORTANT ASPECT OF THE PROGRAM IS THE MINDFULNESS CURRICULUM WHICH SERVES TO PROVIDE YOUTH WITH A SELF CARE TOOL THAT HELPS THEM EMOTIONALLY REGULATE AND DESTRESS. THIS WAS EVEN MORE IMPORTANT TO HELP OUR STUDENTS AS THEY MANEUVERED THE CHALLENGES OF THE PANDEMIC. CONTINUED ON SCHEDULE O...
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yasmin Habib Executive Director | Officer | 40 | $90,000 |
Makda Seyoum Secretary | OfficerTrustee | 2 | $0 |
Bettina Duncan Treasurer | OfficerTrustee | 2 | $0 |
Mares Asfaha President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,663 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| 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 | $399,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $14,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,900 |
| Payroll taxes | $20,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,249 |
| Advertising and promotion | $11,471 |
| Office expenses | $12,065 |
| Information technology | $5,619 |
| Royalties | $0 |
| Occupancy | $16,505 |
| Travel | $215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,582 |
| All other expenses | $918 |
| Total functional expenses | $331,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,654 |
| 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 | $0 |
| Net Land, buildings, and equipment | $655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,446 |
| Accounts payable and accrued expenses | $13,112 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,251 |
| Total liabilities | $20,363 |
| Net assets without donor restrictions | $142,083 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $162,446 |