Inspire Brands Foundation Inc
- Assets
- $11.5m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Atlanta, GA
- Founding
- 09/1986
- Data as of
- 12/2020
- EIN
- 58-1692997
Organization Overview
Inspire Brands Foundation Inc is located in Atlanta, GA. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Inspire Brands Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Brands Foundation 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 12/2020, Inspire Brands Foundation Inc generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $10.2m during the year ending 12/2020. While expenses have increased by 11.1% per year over the past 6 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.
Since 2014, Inspire Brands Foundation Inc has awarded 791 individual grants totaling $40,251,406. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE INSPIRE BRANDS FOUNDATION IGNITES AND NOURISHES CHANGE FOR GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOYS & GIRLS CLUBS OF AMERICA (BGCA): WE CONTRIBUTE FUNDS TO SUPPORT BGCA, AN ORGANIZATION THAT ENABLES ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. OUR FUNDING SUPPORTS YOUTH SPORTS PROGRAMS THAT BUILD CHARACTER AND PROMOTE A HEALTHY LIFESTYLE, ALIGNING WITH OUR MISSION TO BUILD COMMUNITIES WHERE ALL KIDS CAN THRIVE, COMPETE, AND BELONG TO A TEAM.
SHARE OUR STRENGTH: WE CONTRIBUTE FUNDS TO SUPPORT NO KID HUNGRY, A NATIONAL CAMPAIGN RUN BY SHARE OUR STRENGTH FOCUSED ON ENDING CHILDHOOD HUNGER. THESE FUNDS GO TOWARDS PROGRAMS AND INITIATIVES THAT ALIGN WITH OUR CORE PILLAR OF FIGHTING CHILDHOOD HUNGER.
THE FOLDS OF HONOR FOUNDATION: WE CONTRIBUTE FUNDS TO THE FOLDS OF HONOR FOUNDATION, A NONPROFIT THAT PROVIDES EDUCATIONAL SCHOLARSHIPS TO SPOUSES AND CHILDREN OF FALLEN OR WOUNDED VETERANS. OUR FUNDS ARE FOCUSED SPECIFICALLY ON EDUCATIONAL SCHOLARSHIPS FOR YOUTH.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Brown Executive Director | Officer | 40 | $209,362 |
Emily Crawford Director Of Impact | 40 | $141,706 | |
Ryan Van Sickle Director Of Operations | 40 | $138,843 | |
Uta Belvin Sr. Finance Manager Thru June | 40 | $107,181 | |
Dan Stephens Community Impact Mgr Thru June | 40 | $102,165 | |
Danton Nolan Vice Chairman/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,532,297 |
| Investment income | $157,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210,775 |
| Net Income from Fundraising Events | $92,958 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,993,911 |
| Statement of Expenses | |
|---|---|
| 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. | $227,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,033,607 |
| Pension plan accruals and contributions | $13,808 |
| Other employee benefits | $66,746 |
| Payroll taxes | $87,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,951 |
| Fees for services: Accounting | $42,407 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,679 |
| Fees for services: Other | $185,168 |
| Advertising and promotion | $0 |
| Office expenses | $129,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,538 |
| 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 | $8,422 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,152,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,178,358 |
| Savings and temporary cash investments | $793,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $988,110 |
| 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 | $17,441 |
| Investments—publicly traded securities | $6,515,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,528,068 |
| Accounts payable and accrued expenses | $311,157 |
| Grants payable | $1,341,080 |
| 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 | $1,652,237 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,875,831 |
Grants Awarded
Over the last fiscal year, Inspire Brands Foundation Inc has awarded $7,889,323 in support to 234 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: MISSION SUPPORT | $1,325,160 |
Washington, DC PURPOSE: MISSION SUPPORT | $1,005,000 |
Owasso, OK PURPOSE: MISSION SUPPORT | $468,036 |
Tampa, FL PURPOSE: MISSION SUPPORT | $250,000 |
Brookhaven, GA PURPOSE: MISSION SUPPORT | $239,669 |
Oklahoma City, OK PURPOSE: MISSION SUPPORT | $127,689 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inspire Brands Foundation Inc has recieved totaling $348.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $348 |
Endowment Analysis
| Beg. Balance | $6,751,003 |
| Earnings | -$347,247 |
| Admin Expense | $59,999 |
| Net Contributions | $4,070,591 |
| Grants | $5,462,169 |
| Ending Balance | $4,952,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |