Inspire Possible
- Assets
- $6.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Lake Park, MN
- Founding
- 06/2018
- Data as of
- 12/2020
- EIN
- 82-3401202
Organization Overview
Inspire Possible is located in Spring Lake Park, MN. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Possible 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 Possible generated $46.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $43.4k during the year ending 12/2020. While expenses have increased by 33.6% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
SOAR (SCHOOL OF ARTISTIC REFINEMENT) IS A PLACE TO EMPOWER PEOPLE TO REACH THEIR FULLEST POTENTIAL IN THE CREATIVE ARTS. SOAR IS A TRAINING GROUND TO HELP PEOPLE GROW, DISCOVER, AND FULFILL THEIR UNIQUE PURPOSE-CREATIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Sanders Executive Di | 5 | $0 | |
Joncarlos Velez Director | 15 | $0 | |
Gabriella Velez Director | 15 | $0 | |
Dr Nate Ruch Board Presid | 4 | $0 | |
Colleen Pederson Board Member | 4 | $0 | |
David Baker Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,843 |
| Total Program Service Revenue | $35,431 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,276 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,396 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,989 |
| Total expenses | $43,385 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,940 |
| Other assets | $0 |
| Total assets | $6,940 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
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Our Saviours Community Services Minneapolis, MN | $1,113,008 | $3,093,408 |
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