Inspire The Fire
- Assets
- $63.0k
- Revenue
- $7.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 56-2403601
Organization Overview
Inspire The Fire is located in Charlotte, NC. The organization was established in 2006. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire The Fire 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 12/2023, Inspire The Fire generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE THE FIRE INC. IS A NON-PROFIT ORGANIZATION THAT PROVIDES STUDENTS, AGES 10 - 19, COACHING IN ARTISTIC DEVELOPMENT, LIFE SKILLS AND COMMUNITY ENGAGEMENT. EACH PARTICIPANT IS REQUIRED TO CHOOSE AN ARTISTIC MAJOR OF CONCENTRATION. CURRENT MAJORS INCLUDE: DANCE, VOICE, THEATER, SPOKEN WORD, RAP AND VISUAL ARTS. PARTICIPANTS ARE GUIDED IN THEIR MAJOR AND SUPPORTED BY OUR ENTIRE TEAM TO LEARN AND GROW AS INDIVIDUALS. THE ORGANIZATION MEETS AND PRACTICES BI-WEEKLY AND PERFORM IN CHARLOTTE, NC, AND SURROUNDING AREAS YEAR ROUND. EACH YEAR, INSPIRE THE FIRE HELPS NEARLY 400 YOUTH PREPARE FOR THEIR FUTURE. MISSION: HELP YOUNG PEOPLE SUCCEED ON STAGE AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE HIGH IS THE ORGANIZATION'S YEAR-ROUND PROGRAM OFFERING ARTISTIC TRAINING TO YOUTH AGES 10-19 IN THE AREAS OF DANCE, VOICE, AND DRAMA UNDER THE COACHING OF INDUSTRY PROFESSIONALS. STUDENTS MEET MINIMUM OF TWO TIMES EACH MONTH, FOR FOUR HOUR DAYS. FIRE HIGH ALSO INCLUDES LIFE SKILLS COACHING FROM ITF HOPE COACHES AND INCLUDES A HOST OF SOCIAL ACTIVITIES AND COMMUNITY OUTREACH EVENTS.
OTHER PROGRAMS AND EVENTS SPONSORED BY THE ORGANIZATION.
AT X-PERIENCE THE STUDENTS RECEIVE WORKSHOPS IN SINGING, DANCE, THEATRE, VISUAL ARTS, AND RAP/SPOKEN WORD. THE WEEKLONG PROGRAM INCLUDES MULTIPLE EVENTS FOR PARTICIPATING YOUTH INCLUDING: SPECIAL GUEST APPEARANCES, MOTIVATIONAL SPEAKERS, TEAM BUILDING, AND CONCLUDES WITH A FINAL PERFORMANCE SPOTLIGHTING YOUTH TALENT AT CPCC'S HALTON THEATER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonicia Mullins Secretary | Trustee | 15 | $16,200 |
Dennis Reed Jr CEO | Officer | 15 | $3,000 |
Monica Bacon Chairman/tre | OfficerTrustee | 7 | $0 |
Melanie Pratt Co-Chairman | OfficerTrustee | 2 | $0 |
Jerri Reed Emeritus At | Trustee | 3 | $0 |
Dennis Reed Sr Emeritus At | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,824 |
| Total Program Service Revenue | $3,326 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,150 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13 |
| Fees for services: Accounting | $2,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $431 |
| Advertising and promotion | $471 |
| Office expenses | $1,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,162 |
| Travel | $2,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,372 |
| Insurance | $2,619 |
| All other expenses | $469 |
| Total functional expenses | $47,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,038 |
| Accounts payable and accrued expenses | $0 |
| 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 | $171 |
| Total liabilities | $171 |
| Net assets without donor restrictions | $62,867 |
| 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 | $63,038 |