Inspirittec Inc
- Assets
- $65.6m
- Revenue
- $76.0m
- Investments
- $0.0
- Employees
- 2,088
- Location
- Philadelphia, PA
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 23-3032718
Organization Overview
Inspirittec Inc is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Inspirittec Inc employed 2,088 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspirittec 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, Inspirittec Inc generated $76.0m 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 $62.8m during the year ending 06/2022. While expenses have increased by 11.0% 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
INSPIRITEC'S MISSION IS TO PROVIDE AFFIRMATIVE EMPLOYMENT TO PERSONS WITH DISABILITIES IN IT AND CONTACT CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINED, HIRED, AND PROVIDED ONGOING EMPLOYMENT SUPPORT FOR PERSONS WITH DISABILITIES AND DISABLED VETERANS IN INFORMATION TECHNOLOGY AND CALL CENTER POSITIONS IN PHILADEPLHIA, PA, WYOMISSING, PA, FORT KNOX, KY, NEWARK, NJ AND IN THE STATE OF TEXAS. ALSO, PROVIDED NECESSARY CASE MANAGEMENT, SOCIAL WORK, TECHNOLOGY AND OTHER SUPPORT SERVICES TO EMPLOYEES WITH DISABILITIES NECESSARY FOR SUSTAINING EMPLOYMENT. MANY SERVICES RENDERED REMOTELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Connolly Jr President/ceo | OfficerTrustee | 50 | $335,012 |
Margaret Gritt Program Director | Officer | 40 | $187,226 |
Patrick Mcgowan Director Of Sales | 40 | $180,541 | |
William Cary Director Of Client Relations | 40 | $178,822 | |
Alfred Holbert Secretary/cfo | Officer | 40 | $153,997 |
Gordon Clinkscale Chief Project Officer | 40 | $145,987 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kech Subcontracted Labor | 6/29/22 | $3,240,118 |
Source America Sales And Contract Consulting Services | 6/29/22 | $1,216,608 |
Advanced Onion Inc Project Subcontractor | 6/29/22 | $5,315,476 |
Genesys Telephone/it Services | 6/29/22 | $797,470 |
Perspecta Enterprise Solutions Subcontracted Services For Dmdc Project | 6/29/22 | $756,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,890,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,956,782 |
| Total Program Service Revenue | $1,909,543 |
| Investment income | $98,599 |
| 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 | $75,964,924 |
| 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. | $738,483 |
| Compensation of current officers, directors, key employees. | $519,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,456,265 |
| Pension plan accruals and contributions | $2,012,462 |
| Other employee benefits | $2,597,790 |
| Payroll taxes | $3,117,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $396,947 |
| Fees for services: Accounting | $31,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,187 |
| Office expenses | $351,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,159,708 |
| Travel | $91,011 |
| 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 | $112,391 |
| Insurance | $132,320 |
| All other expenses | $27,781 |
| Total functional expenses | $62,822,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,152 |
| Savings and temporary cash investments | $54,122,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,310,432 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $252,813 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $614,488 |
| Net Land, buildings, and equipment | $244,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,630,872 |
| Accounts payable and accrued expenses | $5,178,481 |
| 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 | $5,178,481 |
| Net assets without donor restrictions | $60,452,391 |
| Net assets with donor restrictions | $0 |
| 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 | $65,630,872 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Inspirittec Inc has recieved totaling $7,755.
| Awarding Organization | Amount |
|---|---|
Philadelphia Philanthropic Society Of Information Management Inc Montgomeryvle, PA PURPOSE: TECHNOLOGY EDUCATION FOR TEENAGERS | $5,000 |
Nydick Family Foundation Miami Beach, FL PURPOSE: GIVE SUPPORT TOWARDS HELPING PERSONS WITH DISABLITIES ACHEIVE CAREERS IN INFORMATION TECHNOLOGY. | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |