Inspired Nation Inc
- Assets
- $21.7k
- Revenue
- $69.8k
- Investments
- $0.0
- Employees
- 0
- Location
- York, ME
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-1044066
Organization Overview
Inspired Nation Inc is located in York, ME. The organization was established in 2018. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, 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. Inspired Nation 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 12/2021, Inspired Nation Inc generated $69.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.2%) each year. All expenses for the organization totaled $91.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Inspired Nation Inc has awarded 20 individual grants totaling $210,835. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED NATION IS AN ORGANIZATION THAT AIMS TO BUILD A BRIDGE BETWEEN THE TALENT AND DREAMS OF OUR YOUTH AND THEIR HOPE FOR A BETTER, MORE INSPIRED WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRED NATION IS AN ORGANIZATION THAT AIMS TO BUILD A BRIDGE BETWEEN THE TALENT AND DREAMS OF OUR YOUTH AND THEIR HOPE FOR A BETTER, MORE INSPIRED WORLD. TO FOSTER YOUNG TALENT, BUILD COMMUNITY, AND RAISE MONEY AND AWARENESS, INSPIRED NATION SPONSORS REGIONAL BENEFIT VOCAL COMPETITIONS. OUR EVENTS HIGHLIGHT SINGERS/ARTISTS BETWEEN THE AGES OF 12 - 21 WHILE PUTTING A SPOTLIGHT ON COMMUNITY NEEDS BY DONATING ALL PROCEEDS TO LOCAL CHARITIES THAT BENEFIT YOUTH. OUR PLAN IS TO LAUNCH 5 - 10 REGIONAL EVENTS PER YEAR, CULMINATING IN A NATIONAL COMPETITION BETWEEN REGIONAL WINNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Dioguardi President | OfficerTrustee | 1 | $0 |
Sara Simonds Secretary | OfficerTrustee | 1 | $0 |
Michael Galvin Treasurer | OfficerTrustee | 1 | $0 |
Jeff Cohen Director | Trustee | 1 | $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 | $69,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,700 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $69,809 |
| 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 | $413 |
| Fees for services: Accounting | $4,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,025 |
| Advertising and promotion | $1,594 |
| Office expenses | $2,642 |
| Information technology | $73,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59 |
| 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 | $0 |
| Insurance | $1,158 |
| All other expenses | $0 |
| Total functional expenses | $90,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,656 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,656 |
| Accounts payable and accrued expenses | $1,473 |
| 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 | $1,473 |
| Net assets without donor restrictions | $20,183 |
| 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 | $21,656 |
Grants Awarded
Over the last fiscal year, Inspired Nation Inc has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Encino, CA PURPOSE: Donation to further the exempt purpose of recipient. | $5,000 |
Ogunquit, ME PURPOSE: Donation to further the exempt purpose of recipient. | $5,000 |
Beverly Hills, CA PURPOSE: Donation to further the exempt purpose of recipient. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inspired Nation Inc has recieved totaling $73,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $73,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain Top Music Center Conway, NH | $3,445,290 | $535,467 |
Choral Art Society Portland, ME | $188,428 | $0 |
Manchester Choral Society Manchester, NH | $109,885 | $0 |
Inspired Nation Inc York, ME | $21,656 | $69,809 |
Concord Chorale Inc Concord, NH | $98,462 | $0 |
New Hampshire Master Chorale Plymouth, NH | $20,080 | $0 |
Down East Singers Rockport, ME | $47,250 | $0 |
Grand Monadnock Youth Choirs Peterborough, NH | $29,170 | $0 |
Monadnock Chorus Peterborough, NH | $146,021 | $55,980 |
Una Voce Chamber Choir Bath, ME | $7,831 | $0 |
Portsmouth Pro Musica Portsmouth, NH | $35,176 | $0 |
Nashua Choral Society Hudson, NH | $47,570 | $0 |