Inspiration Corporation is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Inspiration Corporation employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiration Corporation 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 06/2021, Inspiration Corporation generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL SERVICES, EMPLOYMENT TRAINING AND PLACEMENT, AND HOUSING FOR HOMELESS PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SERVICES PROGRAM PROVIDES FORMERLY HOMELESS INDIVIDUALS AND FAMILIES WITH AN APARTMENT AND THE WRAPAROUND SERVICES AND SUPPORT THEY NEED TO MAKE THEIR NEW PLACE A HOME.CASE MANAGERS CONNECT WITH INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS, HELP THEM IDENTIFY A NEW HOME, AND WORK WITH THEIR NEW LANDLORD TO MAKE SURE THAT THEY TRANSITION SMOOTHLY INTO THEIR UNIT. WE STRIVE TO HELP OUR PARTICIPANTS INCREASE THEIR SELF-SUFFICIENCY WITH THE ULTIMATE GOAL OF HELPING THEM EXIT POVERTY FOR GOOD.WE WORK WITH MORE THAN 100 HOUSEHOLDS AND LANDLORDS, ADMINISTERING RENTAL SUBSIDIES PAID THROUGH FEDERAL AND STATE CONTRACTS. EACH CONTRACT REQUIRES US TO MATCH A PERCENTAGE OF THE TOTAL AMOUNT WITH FUNDS RAISED FROM PRIVATE DONORS.
JOB TRAINING IS LOCATED IN CHICAGO'S EAST GARFIELD PARK NEIGHBORHOOD. INSPIRATION KITCHENS, OUR RESTAURANT AND FOODSERVICE TRAINING PROGRAM SITE HAS OFFERED LOW-INCOME INDIVIDUALS THE OPPORTUNITY TO LEARN TO COOK PROFESSIONALLY AT A RESTAURANT OPEN TO THE PAYING PUBLIC, HELPING THEM GAIN THE SKILLS AND EXPERIENCE THEY NEED IN THE FOOD SERVICE INDUSTRY.OUR 12-WEEK PROGRAM IS FREE TO PARTICIPANTS, AND INCLUDES HANDS-ON INSTRUCTION, KITCHEN DEMONSTRATIONS, CLASSROOM CULINARY INSTRUCTION, NUTRITION EDUCATION, AND EMPLOYMENT AND LIFE SKILLS CLASSES. WE ALSO PROVIDE THEM WITH THE SERVICES THEY NEED TO OVERCOME OBSTACLES LIKE HOMELESSNESS, CRIMINAL BACKGROUNDS, MENTAL OR PHYSICAL DISABILITIES, SUBSTANCE ADDICTIONS, AND MENTAL ILLNESS.THE LORI JERICHO MEMORIAL EDUCATION FUND LINKS INDIVIDUALS TO VOCATIONAL TRAINING OR EDUCATION PROGRAMS. WE PROVIDE LIMITED SCHOLARSHIPS AND FINANCIAL SUPPORT FOR TEXTBOOKS, ENTRANCE EXAMS AND OTHER RELATED EXPENSES.
INSPIRATION CORPORATION'S FIRST PROGRAM, INSPIRATION CAFE, SERVES HOT, NUTRITIOUS MEALS TO OUR PARTICIPANTS IN AN ATMOSPHERE OF DIGNITY AND RESPECT. OUR CAFE IS OPEN TO OUR PARTICIPANTS FIVE DAYS A WEEK AND OPERATES LIKE ANY OTHER FULL-SERVICE RESTAURANT IN THE CITY. MORE THAN JUST A PLACE TO EAT, INSPIRATION CAFE IS A REFUGE FROM THE STREETS WHERE PARTICIPANTS CAN CONNECT WITH FELLOW DINERS, VOLUNTEERS, AND STAFF, AND FORM A SUPPORTIVE COMMUNITY. DURING TIMES OF COVID-19 DINING RESTRICTIONS, INSPIRATION CAFE TRANSITIONED TO DISTRIBUTING DAILY TO-GO MEALS WHICH INCLUDED ONE HOT MEAL AND ONE COLD MEAL EACH DAY.HOMELESS OUTREACH SERVICES PROVIDES BASIC STREET OUTREACH TO THOSE WHO ARE EXPERIENCING HOMELESSNESS OR ARE AT RISK OF EXPERIENCING HOMELESSNESS IN AND AROUND THE UPTOWN NEIGHBORHOOD OF CHICAGO. NEEDS ASSESSMENTS ARE PERFORMED AND RESOURCES PROVIDED RELATED TO MENTAL HEALTH, BENEFITS ELIGIBILITY, HOUSING, EMPLOYMENT, MEDICAL CARE, AND SUBSTANCE USE WITH THE ULTIMATE GOAL OF ASSISTING CLIENTS IN OBTAINING SAFE, SUITABLE HOUSING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shannon K Stewart Msw Executive Director | OfficerTrustee | 40 | $114,620 |
Kimberly Davis Chief Financial Officer | Officer | 40 | $82,827 |
Vinu Ramasamy Vice Chair-Program Develop | OfficerTrustee | 5 | $0 |
Elisabeth Payne Chair | OfficerTrustee | 5 | $0 |
Larissa Chaikowsky Vice Chair-Board Developme | OfficerTrustee | 5 | $0 |
Travis Hughes Vice Chair-External Relations | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $132,546 |
Membership dues | $0 |
Fundraising events | $47,000 |
Related organizations | $0 |
Government grants | $1,830,783 |
All other contributions, gifts, grants, and similar amounts not included above | $2,865,435 |
Noncash contributions included in lines 1a–1f | $65,612 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,875,764 |
Total Program Service Revenue | $133,448 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $81,961 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,094,126 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $788,440 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $239,711 |
Compensation of current officers, directors, key employees. | $121,177 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,612,457 |
Pension plan accruals and contributions | $7,885 |
Other employee benefits | $151,311 |
Payroll taxes | $135,688 |
Fees for services: Management | $7,089 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,215 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $252,053 |
Advertising and promotion | $1,978 |
Office expenses | $157,891 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $262,858 |
Travel | $6,202 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $26,988 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $184,220 |
Insurance | $65,939 |
All other expenses | $1,385 |
Total functional expenses | $4,075,267 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $399,007 |
Savings and temporary cash investments | $557,303 |
Pledges and grants receivable | $1,063,754 |
Accounts receivable, net | $37,038 |
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 | $18,319 |
Net Land, buildings, and equipment | $1,523,114 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,598,535 |
Accounts payable and accrued expenses | $220,051 |
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 | $199,357 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $591,632 |
Total liabilities | $1,011,040 |
Net assets without donor restrictions | $1,708,430 |
Net assets with donor restrictions | $879,065 |
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 | $3,598,535 |
Over the last fiscal year, we have identified 2 grants that Inspiration Corporation has recieved totaling $45,000.
Awarding Organization | Amount |
---|---|
Act Of Hope Foundation Barrington, IL PURPOSE: FUND ORGANIZATIONS PROGRAMS | $35,000 |
William M Weiss Foundation Russell Twp, OH PURPOSE: CHARITABLE | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
St Patrick Center St Louis, MO | $22,313,379 | $19,679,284 |
Hope Ministries Des Moines, IA | $32,049,677 | $18,458,920 |
Public Action To Deliver Shelter Inc Aurora, IL | $12,470,184 | $13,170,829 |
Coalition For The Homeless Louisville, KY | $2,693,256 | $7,398,778 |
Morning Star Mission Ministries Joliet, IL | $8,251,113 | $7,988,362 |
Facing Forward To End Homelessness Chicago, IL | $3,939,429 | $6,966,734 |
South Suburban Council On Homelessness Mokena, IL | $151,033 | $4,375,749 |
Inspiration Corporation Chicago, IL | $3,598,535 | $5,094,126 |
Inner Voice Incorporated Chicago, IL | $1,141,501 | $3,883,982 |
Hillcrest Ministries Of Midamerica Inc Kansas City, MO | $6,469,883 | $4,066,615 |
Aurora Inc Evansville, IN | $1,313,809 | $3,511,663 |
Homeless Assistance Leadership Organization Incorporated Racine, WI | $4,400,299 | $2,971,990 |