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Dedicating Resources to Excel All Minds

Tax-deductible

Sherwood, AR501(c)(3)Human ServicesEIN 26-0598159

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To provide child care and academic assistance to low income families

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 2 volunteers and 29 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $76K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+0.4% vs prior year
Spent
$1.9M
To programs
87%
Net assets
$422K
By yearFY2020–FY2024
Revenue
$1.9M
FY2024+0.4%
Revenue by fiscal year
FY2020$709K
FY2021$1.4M
FY2022$1.4M
FY2023$1.9M
FY2024$1.9M
Expenses
$1.9M
FY2024▼ -2%
Expenses by fiscal year
FY2020$770K
FY2021$1.1M
FY2022$1.1M
FY2023$1.9M
FY2024$1.9M
Net assets
$422K
FY2024▲ +18%
Net assets by fiscal year
FY2020−$120K
FY2021$164K
FY2022$440K
FY2023$358K
FY2024$422K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.7M Management & general 13% · $241K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Erika Bell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Charles Jones
President
$0Pt VII · Sec A
Faith Jones
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dedicating Resources to Excel All Minds executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers childcare and academic help to low-income families.

Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

Provided childcare, academic and aftercare services. Provided childcare, academic and aftercare services.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$36
Total grants receivedfrom 1 funder$36

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$323K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$241K
Owns and owesPt X
$422K
net assets · Ln 32
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.5M
Fees for servicesLn 2g$323K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.4M
Net assetsLn 32$422K
OperationsPt I, VI
EmployeesI 529
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Land, buildings, equipmentLn 10c$559K$1.8M
Total assetsLn 16$931K$1.8M
LiabilitiesLn 26$572K$1.4M
Net assetsLn 32$358K$422K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1000K$850K$150K
Other employee benefitsLn 9$61K$52K$9K
Payroll taxesLn 10$167K$142K$25K
Accounting feesLn 11c$29K$25K$4K
Office expensesLn 13$55K$47K$8K
OccupancyLn 16$155K$131K$23K
TravelLn 17$15K$13K$2K
InterestLn 20$17K$15K$3K
Depreciation, depletion and amortizationLn 22$31K$26K$5K
InsuranceLn 23$45K$38K$7K
Other expenses (24a–d)Ln 24$325K$321K$4K
Total functional expensesLn 25$1.9M$1.7M$241K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$1.9M−$35K$422K 990 PDF
FY2023 $1.9M$1.9M−$81K$358K 990 PDF
FY2022 $1.4M$1.1M$272K$440K 990 PDF
FY2021 $1.4M$1.1M$284K$164K 990 PDF
FY2020 $709K$770K−$61K−$120K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (5 parts)
Part I · Summary $1,865,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,624,860$1,542,155
I-9 Program service revenuePrior year $233,977$323,430
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,858,837$1,865,585
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,031,624$1,227,399
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $908,825$672,745
I-18 Total expensesPrior year $1,940,449$1,900,144
I-19 Revenue less expensesPrior year −$81,612−$34,559
Part VIII · Statement of revenue $1,865,585 across 5 lines filed
VIII-1e Government grants$1,542,155
VIII-1h Total contributions, gifts and grants$1,542,155
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $323,430$323,430
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $323,430 · Unrelated business $0 · Excluded from tax $0$1,865,585
Part IX · Statement of functional expenses $1,900,144 across 11 lines filed
IX-7 Other salaries and wagesPrograms $849,777 · Management $149,961$999,738
IX-9 Other employee benefitsPrograms $51,615 · Management $9,108$60,723
IX-10 Payroll taxesPrograms $141,897 · Management $25,041$166,938
IX-11c Accounting feesPrograms $25,016 · Management $4,415$29,431
IX-13 Office expensesPrograms $46,719 · Management $8,245$54,964
IX-16 OccupancyPrograms $131,351 · Management $23,180$154,531
IX-17 TravelPrograms $12,980 · Management $2,291$15,271
IX-20 InterestPrograms $14,771 · Management $2,607$17,378
IX-22 Depreciation, depletion and amortizationPrograms $26,380 · Management $4,655$31,035
IX-23 InsurancePrograms $38,366 · Management $6,770$45,136
IX-24 Other expenses (24a–d)Programs $320,596 · Management $4,403$324,999
IX-25 Total functional expensesPrograms $1,659,468 · Management $240,676 · Fundraising $0$1,900,144
Part X · Balance sheet $1,826,631 assets, 8 lines filed
X-4 Accounts receivableStart of year $8,876$8,876
X-10c Land, buildings and equipment, netStart of year $559,083$1,817,755
X-16 Total assetsStart of year $930,932$1,826,631
X-17 Accounts payable and accrued expensesStart of year $656$4,853
X-26 Total liabilitiesStart of year $572,481$1,404,827
X-27 Net assets without donor restrictionsStart of year $358,451$421,804
X-32 Total net assets or fund balancesStart of year $358,451$421,804
X-33 Total liabilities and net assetsStart of year $930,932$1,826,631
Part XI · Reconciliation of net assets $421,804 net assets at year end
XI-1 Total revenue$1,865,585
XI-2 Total expenses$1,900,144
XI-3 Revenue less expenses−$34,559
XI-4 Net assets at start of year$358,451
XI-9 Other changes in net assets$97,912
XI-10 Net assets at end of year$421,804

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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