Inspiring Arts Inc
- Assets
- $38.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 12/2018
- Data as of
- 08/2021
- EIN
- 82-2906728
Organization Overview
Inspiring Arts Inc is located in Cincinnati, OH. The organization was established in 2018. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Inspiring Arts 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 08/2021, Inspiring Arts Inc generated $73.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $51.5k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUCCESSFULLY HELD TWO PRODUCTIONS WHICH SERVED A TOTAL OF 160 CAST AND CREW MEMBERS. THE REGULAR SPRING 2021 SHOW WAS CANCELED DUE TO COVID.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Kenniv Artistic Director | 15 | $12,000 | |
Kerry Marsh Administrative Director | 15 | $6,000 | |
Tara Dudley President | 6 | $0 | |
Deb Meinerding Secretary | 7 | $0 | |
Stephanie Patrick Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,659 |
| Total Program Service Revenue | $61,594 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,253 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,092 |
| Professional fees and other payments to independent contractors | $14,868 |
| Occupancy, rent, utilities, and maintenance | $3,510 |
| Printing, publications, postage, and shipping | $236 |
| Other expenses | $12,786 |
| Total expenses | $51,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,734 |
| Other assets | $0 |
| Total assets | $38,734 |
| Total liabilities | $1,807 |
| Net assets or fund balances | $36,927 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inspiring Arts Inc has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flint Institute Of Arts Flint, MI | $64,606,144 | $9,980,420 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Blue Lake Fine Arts Camp Twin Lake, MI | $13,832,939 | $7,779,561 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Graham Gund Gallery Gambier, OH | $8,250,705 | $4,357,194 |
Oxbow Saugatuck, MI | $6,747,769 | $2,600,895 |
Caring Communities For Aids Wilkes Barre, PA | $1,533,545 | $2,739,121 |
Art Opportunities Inc Cincinnati, OH | $2,054,110 | $2,614,332 |
Samuel S Fleisher Art Memorial Inc Philadelphia, PA | $22,590,929 | $2,413,309 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |
Philadelphia Arts In Education Partnership Philadelphia, PA | $1,201,357 | $1,737,170 |
Yocum Institute For Arts Education Inc West Lawn, PA | $15,531,722 | $1,674,179 |