Bolder Options EIN 41-1909408

Bolder Options FY2022 filing

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Equips young people with skills and support for lifelong success. For fiscal year 2022 it reported $1.4M in revenue, $1.5M in expenses, and $884K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Minneapolis, MN
Website
www.bolderoptions.org
Filings
5 on file (2020–2022)
Revenue
$1.4MFY2022
Expenses
$1.5M
Net assets
$884K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1909408 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/11/26 · see original: IRS
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Size
$1–10M
What they do
Equips young people with skills and support for lifelong success.
Leadership
Darrell Thompson · President · $144K
Money in and out
$1.4M revenue, $1.5M expenses
Where the money goes · FY2022
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$884K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$168K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.20 Fundraising $0.11

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$1.4M
FY2022▼ -11%
Expenses
$1.5M
FY2022▲ +12%
Total assets
$1.7M
FY2022▼ -9%
Total liabilities
$819K
FY2022▲ +3%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$884K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$168K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

2 program services account for $1.1M of program spending, described in the organization's own filed words · FY2022.
01

Mentoring program since 1993, bolder options has offered transformational and wellness-based mentoring for at-promise youth during a pivotal point in their lives at ages 10-14. Our youth are facing life challenges related to academics, SOCIAL/EMOTIONAL well-being, FAMILY/PEER relationships, and other struggles, and are strategically…

$862Kprogram expense
02

Alumni program after graduation from our one-year mentoring program, youth and mentors can remain involved with bolder options through our alumni program, which cultivates lasting relationships between mentors and mentees to meet the needs of older youth as they progress onward through high school and into their careers.

$206Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBolder Options
EINHdr · item D41-1909408
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jwww.bolderoptions.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80)
Ruling yearIRS BMFNov 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$143,905Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Chair & Trea
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Vice C
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Darrell Thompson’s $156K as President & CEO is at the 68th percentile of top reported officer pay among 3392 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Darrell Thompson$143,905$160,829$136,802
Darrell Thompson$156,356$143,905
April Riordan$123,605

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants101%$1.4M
Investment income$548
— government grantsLn 1e$76K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.20 Fundraising $0.11
Program services69%$1.1M
Management & general20%$301K
Fundraising11%$173K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$437K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$819K
Total net assetsLn 32$884K
Months of cash on handcomputed3.4

Grants

Schedule I · received and paid
Grants received · FY2024
See all 47 funders →
Grants paid · 1 grant · $12K · 2023–2023
Unitemized GrantFY2023$12,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.0M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · viewing · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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