Speaking Out Collective EIN 84-2290474 Form 990 (PDF) Claim this org

Speaking Out Collective

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Sparks children's curiosity and imagination through storytelling and creative arts. For fiscal year 2025 it reported $460K in revenue, $437K in expenses, and $64K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Minneapolis, MN
Website
speakingoutcollective.com
Filings
4 on file (2022–2025)
Revenue
$460KFY2025
Expenses
$437K
Net assets
$64K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  84-2290474 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Sparks children's curiosity and imagination through storytelling and creative arts.
Leadership
Raegan Henderson · President
Money in and out
$460K revenue, $437K expenses
Bottom line
77% program efficiency
Where the money goes · FY2025
Total revenue
$460K
Pt VIII · Ln 12
Total expenses
$437K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.13 Fundraising $0.11
Program efficiency
77%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -83% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$460K
FY2025▲ +84%
Expenses
$437K
FY2025▲ +89%
Total assets
$148K
FY2025▼ -59%
Total liabilities
$85K
FY2025▼ -74%
Total revenue
$460K
Pt VIII · Ln 12
Total expenses
$437K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$148K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $334K of program spending, described in the organization's own filed words · FY2024.
01

Our residency program served 0ver 4,000 children and 1,500 adults in 50 classrooms. We worked in schools, domestic violence shelters, child care centers, and served primarily urban and impoverished communities. We supported PreK-6 to high school, and families who would otherwise not have access to the arts or literacy programs.

$305Kprogram expense
02

Our Old MacDonald mental health puppet tours continued to help PreK-2 and their families talk about mental health and neurodiversity disorders. We served 1,118 children and 367 adults. Student struggles in the classroom, at home and in their community are not unique to one demographic.

$26Kprogram expense
03

Our outreach program continues to develop and offer professional development that is used by PrK-6 schools, high schools, national colleges, and school districts around arts-based critical literacy fundamentals and methodology. We use artistry, fun and joy to improve student and community success at every age.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpeaking Out Collective
EINHdr · item D84-2290474
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jspeakingoutcollective.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A60)
Ruling yearIRS BMFNov 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$340K · 74%
Program service revenue$120K · 26%
Contributions & grants74%$340K
Program service revenue26%$120K
Investment income$506
— government grantsLn 1e$222K
Total revenueLn 12$460K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.13 Fundraising $0.11
Program services77%$334K
Management & general13%$56K
Fundraising11%$47K
Total functional expensesLn 25$437K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$148K
Total liabilitiesLn 26$85K
Total net assetsLn 32$64K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $437K
0.4 months
Where the money goes
Program services
Program services $334K · Total expenses $437K
77%
Management & General
Management & general $56K · Total expenses $437K
13%
Fundraising
Fundraising $47K · Total expenses $437K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $20K · Solicited contributions (3-yr avg) $98K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $340K · Total revenue $460K
74%
Government reliance
Government grants $222K · Total revenue $460K
48%
Earned-income share
Program service revenue $120K · Total revenue $460K
26%
Investment reliance
Investment income $506 · Total revenue $460K
+0.1%
Program self-sufficiency
Program service revenue $120K · Total expenses $437K
28%
Growth & trend
Revenue growth (YoY)
This year $460K · Prior year $251K
+84%
Net-asset trend (YoY)
End of year $64K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $460K · Expenses $437K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $148K
Net-asset ratio
Net assets $64K · Total assets $148K
43%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $148K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Raegan Henderson · Reported title President · Highest reported compensation $0 · Total expenses $437K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $437K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 13%
Fundraising cost ratio 14%
Revenue growth 84%
Accounting fee ratio 1%
Fundraising fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$110K
See all 4 funders →

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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
FY2025 (Latest)$460K revenue · viewing · ⤓ 990 PDF
FY2024$251K revenue · ⤓ 990 PDF
FY2023$329K revenue · ⤓ 990 PDF
FY2022$134K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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