Educating Young Minds EIN 95-4489511

Educating Young Minds FY2024 filing

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Educating Young Minds is a nonprofit based in Los Angeles, CA. For fiscal year 2024 it reported $381K in revenue, $481K in expenses, and $358K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Los Angeles, CA
Website
educatingyoungminds.org
Filings
5 on file (2021–2024)
Revenue
$381KFY2024
Expenses
$481K
Net assets
$358K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-4489511 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a nonprofit
Leadership
Angeles Echols · CEO · $39K
Money in and out
$381K revenue, $481K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$381K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$358K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$100K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$381K
FY2024▼ -50%
Expenses
$481K
FY2024▲ +2%
Total assets
$455K
FY2024▼ -29%
Total liabilities
$97K
FY2024▼ -47%
Total revenue
$381K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$358K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$100K
Total assetsPt X · Ln 16$455K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $423K of program spending, described in the organization's own filed words · FY2023.
01

Provide morning home study, independent courses, after school and weekend academic instruction to 250 students. Provide for after school counseling for parents and students. Also assist placing and finding funds for students in school programs.

$423Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEducating Young Minds
EINHdr · item D95-4489511
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jeducatingyoungminds.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99)
Ruling yearIRS BMFOct 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$38,800Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Angeles Echols$47,640$38,800$52,465$56,689$80,873

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 & grants$276K · 72%
Program service revenue$105K · 28%
Contributions & grants72%$276K
Program service revenue28%$105K
Total revenueLn 12$381K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$423K
Management & general12%$58K
Total functional expensesLn 25$481K

Balance Sheet

Part X · end of year
CashLn 1$284K
Total assetsLn 16$455K
Total liabilitiesLn 26$97K
Total net assetsLn 32$358K
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $284K · Operating expenses/yr $481K
7.1 months
Where the money goes
Program services
Program services $423K · Total expenses $481K
88%
Management & General
Management & general $58K · Total expenses $481K
12%
Fundraising
Fundraising $0 · Total expenses $481K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $320K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $276K · Total revenue $381K
72%
Government reliance
Government grants — · Total revenue $381K
Earned-income share
Program service revenue $105K · Total revenue $381K
28%
Investment reliance
Investment income $0 · Total revenue $381K
0%
Program self-sufficiency
Program service revenue $105K · Total expenses $481K
22%
Growth & trend
Revenue growth (YoY)
This year $381K · Prior year $765K
-50%
Net-asset trend (YoY)
End of year $358K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $381K · Expenses $481K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $455K
Net-asset ratio
Net assets $358K · Total assets $455K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $455K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angeles Echols · Reported title CEO · Highest reported compensation $39K · Total expenses $481K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $191K · Total expenses $481K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth -50%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

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 1 funder$25K

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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)$381K revenue · ⤓ 990 PDF
FY2024$381K revenue · viewing · ⤓ 990 PDF
FY2023$765K revenue · ⤓ 990 PDF
FY2022$570K revenue · ⤓ 990 PDF
FY2021$584K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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