Inspire Academics Inc
- Assets
- $3.3m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 76
- Location
- Boise, ID
- Founding
- 05/2009
- Data as of
- 06/2022
- EIN
- 20-2193239
Organization Overview
Inspire Academics Inc is located in Boise, ID. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Inspire Academics Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Academics Inc 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 06/2022, Inspire Academics Inc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 11.3% per year over the past 7 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
INSPIRE ACADEMICS, INC IS A PUBLIC CHARTER SCHOOL ORGANIZED UNDER THE LAWS OF THE STATE OF IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRE ACADEMICS, INC'S PURPOSE IS TO PROVIDE QUALITY PUBLIC EDUCATION TO STUDENTS ON-LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Moore President | OfficerTrustee | 1 | $0 |
Becky Valentine Treasurer | OfficerTrustee | 1 | $0 |
Michael Strickland Board Member | Trustee | 1 | $0 |
Margaret Gannon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,567,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,569,777 |
| Total Program Service Revenue | $0 |
| Investment income | $459 |
| 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 | $10,570,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,226,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,310,847 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $7,516 |
| Insurance | $29,677 |
| All other expenses | $0 |
| Total functional expenses | $10,150,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,555,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $699,815 |
| 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 | $2,800 |
| Net Land, buildings, and equipment | $715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,259,112 |
| Accounts payable and accrued expenses | $2,796,500 |
| 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 | $0 |
| Total liabilities | $2,796,500 |
| Net assets without donor restrictions | $3,380 |
| Net assets with donor restrictions | $459,232 |
| 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 | $3,259,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Mater Academy Of Nevada Las Vegas, NV | $50,289,285 | $33,903,245 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
The Freedom Academy Foundation Provo, UT | $63,049,119 | $22,213,905 |
Baker Charter Schools Organization Baker City, OR | $26,181,762 | $28,111,525 |
Utah Virtual Academy Murray, UT | $7,755,509 | $26,794,194 |
Ascent Academies Of Utah West Jordan, UT | $48,778,054 | $21,756,457 |
Oregon Virtual Academy North Bend, OR | $9,316,053 | $19,637,699 |
Providence Hall Herriman, UT | $51,049,006 | $22,050,617 |
Summit Academy Incorporated Draper, UT | $58,076,316 | $21,044,224 |
Nevada Charter Academies Las Vegas, NV | $65,745,290 | $19,275,599 |
Nevada Virtual Academy Las Vegas, NV | $12,366,306 | $18,372,416 |