Inperium Inc
- Assets
- $6.5m
- Revenue
- $5.4m
- Investments
- $1.4m
- Employees
- 0
- Location
- Reading, PA
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 81-1159891
Organization Overview
Inperium Inc is located in Reading, PA. The organization was established in 2016. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inperium 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, Inperium Inc generated $5.4m in total revenue. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 73.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INPERIUM WAS ESTABLISHED TO SUPPORT AND OVERSEE ITS AFFILIATED COMPANIES TO ASSURE THAT QUALITY SERVICES AND CONTINUITY OF CARE ARE CONSISTENTLY PROVIDED TO ALL INDIVIDUALS IN A WAY THAT MAKES EFFICIENT USE OF AVAILABLE PUBLIC FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPERIUM WAS ESTABLISHED TO SUPPORT AND OVERSEE ITS AFFILIATED COMPANIES TO ASSURE THAT QUALITY SERVICES AND CONTINUITY OF CARE ARE CONSISTENTLY PROVIDED TO ALL INDIVIDUALS IN A WAY THAT MAKES EFFICIENT USE OF AVAILABLE PUBLIC FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan D Smith President | OfficerTrustee | 33.5 | $635,092 |
Dr Vincent J Lasorsa Director | Trustee | 1 | $0 |
Theresa Wilson Director | Trustee | 1 | $3,325 |
David Greif Director | Trustee | 1 | $0 |
Michael Herr Director | Trustee | 1 | $0 |
Frederick Lokuta Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stevens & Lee Legal Services | 6/29/21 | $931,350 |
Timmy Brown Sponsorship | 6/29/21 | $146,477 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,356,770 |
| Investment income | $35,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $951 |
| 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 | $5,396,460 |
| 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 | $1,266,195 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,408,228 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $869 |
| Travel | $118,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,913 |
| Insurance | $5,482 |
| All other expenses | $0 |
| Total functional expenses | $6,443,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,684 |
| 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 | $2,525,727 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,087 |
| Net Land, buildings, and equipment | $146,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,440,000 |
| Investments—program-related | $0 |
| Intangible assets | $2,346,464 |
| Other assets | $0 |
| Total assets | $6,490,850 |
| 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 | $38,729 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,390,775 |
| Total liabilities | $9,429,504 |
| Net assets without donor restrictions | -$2,938,654 |
| 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 | $6,490,850 |