Inspiredu Inc
- Assets
- $1.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3606525
Organization Overview
Inspiredu Inc is located in Atlanta, GA. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Inspiredu Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiredu 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, Inspiredu Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIREDUS MISSION IS TO HELP UNDERSERVED YOUTH DEVELOP THE SKILLS NEEDED FOR EDUCATION AND CAREER SUCCESS THROUGH TECHNOLOGY-BASED LEARNING TOOLS AND ENGAGEMENT ACTIVITIES WITH THEIR FAMILIES, COMMUNITIES, AND SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEARNING SPARK INITIATIVE BRINGS THE TECHNOLOGY, THE TRAINING, AND THE LEARNER BOTH CHILD AND PARENT TOGETHER AND WE MEET THEM WHERE THEY ARE IN THEIR DIGITAL LITERACY. THE STEM PIPELINE PROGRAMMING SUPPORTS THE EDUCATIONAL PATHWAY FOR STUDENTS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hicks CEO | Officer | 40 | $109,980 |
Will Alexander Board Chair | OfficerTrustee | 5 | $0 |
Ruth Davis Board Vice Chair | OfficerTrustee | 5 | $0 |
Jay Ferro Treasurer | OfficerTrustee | 5 | $0 |
Renee Pearson Director | Trustee | 2 | $0 |
Nikhil Narvekar Director | Trustee | 2 | $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 | $1,755,589 |
| Noncash contributions included in lines 1a–1f | $749,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,755,589 |
| Total Program Service Revenue | $154,425 |
| Investment income | $678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $189,024 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,099,716 |
| 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. | $651,952 |
| Compensation of current officers, directors, key employees. | $97,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $36,794 |
| Other employee benefits | $348 |
| Payroll taxes | $76,414 |
| Fees for services: Management | $34,698 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,135 |
| Advertising and promotion | $25,610 |
| Office expenses | $0 |
| Information technology | $450,770 |
| Royalties | $0 |
| Occupancy | $99,260 |
| 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 | $839 |
| Insurance | $1,883 |
| All other expenses | $0 |
| Total functional expenses | $1,496,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,601 |
| Savings and temporary cash investments | $224,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $515,085 |
| Prepaid expenses and deferred charges | $2,406 |
| Net Land, buildings, and equipment | $8,228 |
| Investments—publicly traded securities | $62,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,570,683 |
| Accounts payable and accrued expenses | $73,333 |
| 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 | $73,333 |
| Net assets without donor restrictions | $1,297,350 |
| Net assets with donor restrictions | $200,000 |
| 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 | $1,570,683 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Inspiredu Inc has recieved totaling $496,252.
| Awarding Organization | Amount |
|---|---|
Goizueta Foundation Inc Atlanta, GA PURPOSE: PROGRAM | $300,000 |
F T Stent Family Foundation Inc Stone Mountain, GA PURPOSE: CHARITY | $50,000 |
Zeist Foundation Inc Atlanta, GA PURPOSE: EDUCATION | $50,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $45,000 |
Mary Alice And Bennett Brown Foundation Inc Wilmington, DE PURPOSE: THE FAMILY LEARNING PROGRAM | $15,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |