Inspiracion Inc
- Assets
- $206.4k
- Revenue
- $112.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 04/2019
- Data as of
- 08/2022
- EIN
- 82-5230800
Organization Overview
Inspiracion Inc is located in Waco, TX. The organization was established in 2019. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiracion 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 08/2022, Inspiracion Inc generated $112.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $168.3k during the year ending 08/2022. While expenses have increased by 11.2% per year over the past 4 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
TO LESSEN THE BURDENS OF GOVERNMENT THROUGH CLOSE WORKING RELATIONSHIPS WITH ONE OR MORE SCHOOL DISTRICTS, PROVIDING SERVICES IN SUPPORT OF THE STATE EDUCATIONAL MISSION/OBJECTIVES, MAKING PARENTS FULL PARTNERS IN THE EDUCATION OF THEIR CHILDREN, ENCOURAGING CHILDREN TO MEET THIER FULL EDUCATIONAL POTENTIAL, REDUCING DROP-OUT RATES, PROVIDING A WELL-BALANCE AND APPROPRIATE CURRICULUM THAT PREPARES STUDENTS TO SUCCEED IN EMPLOYMENT AND HIGHER EDUCATION, AND PREPARING STUDENTS TO BE THOUGHTFUL, ACTIVE CITIZENS. THIS WILL BE ACCOMPLISHED BY FOCUSING ON EDUCATION AND SERVICES FOR PARENTS AND THEIR YOUNG CHILDREN, WICH AN AWARENESS OF THE SPECIAL CHALLENGES FACED BY FIRST-GENERATION IMMIGRANTS AND THOSE LIVING IN POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF FUNDS, INCLUDING DIRECT PAYMENTS TO VENDORS, TO SUPPORT THE SALARIES, BENEFITS AND TRAINING OF ADDITIONAL STAFF NEEDED TO ASSIST IN THE EDUCATIONAL PROCESS FOR CHILDREN IN AN UNDERPERFORMING SCHOOL AS WELL AS OTHER PROGRAM ACTIVITIES FOR THE PARENTS AND CHILDREN IN THE SCHOOL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benji Gomez Board Chair | OfficerTrustee | 2 | $0 |
Hector Sabido Past Board Chair | OfficerTrustee | 2 | $0 |
Marshall Stewman Treasurer | OfficerTrustee | 2 | $0 |
Kay Bond Secretary | OfficerTrustee | 2 | $0 |
Fernando Arroyo Director | Trustee | 2 | $0 |
Eloisa Cruz Arredondo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,758 |
| Total Program Service Revenue | $0 |
| Investment income | $3,562 |
| 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 | $112,320 |
| 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 | $146,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,902 |
| All other expenses | $1,686 |
| Total functional expenses | $168,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,384 |
| 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 | $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 | $206,384 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $206,384 |
| 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 | $206,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Higher Education Authority Inc Arlington, TX | $1,018,646,765 | $26,983,231 |
University Of Louisiana Monroe Facilities Inc Monroe, LA | $82,040,215 | $15,012,687 |
Restore Education San Antonio, TX | $2,530,386 | $5,936,619 |
College Houses Austin, TX | $15,789,327 | $3,775,047 |
Books Between Kids Inc Houston, TX | $1,448,531 | $2,188,217 |
Communities In Schools Of New Mexico Santa Fe, NM | $908,559 | $2,316,828 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Austin Partners In Education Austin, TX | $1,240,919 | $1,858,475 |
Health Occupations Students Of America Southlake, TX | $3,397,887 | $1,856,291 |
Collegiate Edu-Nation Roscoe, TX | $1,605,609 | $1,649,388 |
Sci-Tech Discovery Center Inc Frisco, TX | $1,024,000 | $1,631,074 |
Communities In Schools Of The Big Country Abilene, TX | $1,261,919 | $2,051,094 |