Inspire Heart Inc
- Assets
- $12.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, NM
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-4511972
Organization Overview
Inspire Heart Inc is located in Farmington, NM. The organization was established in 2019. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Inspire Heart 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 12/2022, Inspire Heart Inc generated $93.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $149.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lola Parks President | 0 | $0 | |
Lavon Adams Treasurer | 0 | $0 | |
Davena Benton Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,866 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $102,127 |
| Professional fees and other payments to independent contractors | $3,959 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,379 |
| Total expenses | $149,465 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,506 |
| Other assets | $0 |
| Total assets | $12,506 |
| Total liabilities | $28,680 |
| Net assets or fund balances | -$16,174 |