Inspirasian
- Assets
- $691.6k
- Revenue
- $130.1k
- Investments
- $0.0
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 12/1997
- Data as of
- 09/2023
- EIN
- 94-3053602
Organization Overview
Inspirasian is located in San Ramon, CA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Inspirasian 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 09/2023, Inspirasian generated $130.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $154.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRASIAN FOSTERS DIVERSITY APPRECIATION AND INCLUSION IN OUR WORKPLACE. WE INVOKE INSPIRATION FROM CELEBRATING ASIAN AND PACIFIC ISLANDER HERITAGE INCREASING CULTURAL AWARENESS AND DEVELOPING INSPIRING LEADERS. WE ENGAGE WITH IMAGINATION TO DELIVER MEANINGFUL EVENTS AND INNOVATIVE PROGRAMS THAT INSPIRE OTHERS TO MAKE A DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRASIAN DISTRIBUTED $119,600 IN SCHOLARSHIPS INCLUDING FIFTY-NINE $1,000 AND THIRTY $2,000 SCHOLARSHIPS TO 89 GRADUATING HIGH SCHOOL SENIORS WHO HAVE BEEN ACCEPTED TO ACCREDITED UNIVERSITIES. STUDENTS APPLIED ONLINE SUBMITTED THEIR TRANSCRIPTS SENT A LETTER OF RECOMMENDATION WROTE AN ESSAY ON THE TOPIC WE PROVIDED AND SHOWED THEIR LEADERSHIP SKILLS THROUGH VOLUNTEERISM AT SCHOOL AND THEIR COMMUNITY. THE $2,000 SCHOLARSHIPS WERE AWARDED TO THE TOP 30 STUDENTS THROUGH THE NATIONAL SCHOLARSHIP PROGRAM. THE NEXT TIER OF STUDENTS WERE SENT TO THE LOCAL CHAPTERS WHO AWARDED THE $1,000 TO THE NEXT HIGHEST RANKING 59 STUDENTS. INSPIRASIAN WORKS WITH LOCAL HIGH SCHOOL COUNSELORS TO HELP DISTRIBUTE THE INSPIRASIAN SCHOLARSHIP INFORMATION. THE PROGRAM IS AVAILABLE TO ALL STUDENTS REGARDLESS OF RACE. WE ARE PROUD TO BE ABLE TO DISTRIBUTE THE SCHOLARSHIPS TO THE STUDENTS BASED ON THEIR NEEDS AND ACCOMPLISHMENTS. ADDITIONALLY $59,600 WAS DISTRIBUTED TO SCHOLARSHIP ASSISTANCE BY CHAPTERS WITHIN THEIR LOCAL COMMUNITIES.
INSPIRASIAN CHAPTERS HOSTED EVENTS FOR THE BENEFIT OF THEIR MEMBERS. EVENTS INCLUDED LUNCH AND LEARNS WITH EXECUTIVE SPEAKERS FIRESIDE CHATS SESSIONS ON SELF DEVELOPMENT TOPICS CULTURAL EVENTS FOR LUNAR NEW YEAR AND MID-AUTUMN FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Kwong President | OfficerTrustee | 10 | $0 |
Deniz Kustu Vice President | OfficerTrustee | 8 | $0 |
Lao Yang Secretary | OfficerTrustee | 8 | $0 |
Sisi Kang Chief Technology Officer | OfficerTrustee | 8 | $0 |
Kimberly Saenbandith Chief Financial Officer | OfficerTrustee | 8 | $0 |
Tom Yang National Member Engage Officer | OfficerTrustee | 8 | $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 | $151,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,102 |
| Total Program Service Revenue | $3,618 |
| Investment income | $2,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,750 |
| Grants and other assistance to domestic individuals. | $119,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $23,185 |
| 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 | $0 |
| 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 | $0 |
| 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 | $996 |
| Information technology | $1,029 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $669 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,806 |
| All other expenses | $0 |
| Total functional expenses | $154,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,959 |
| Savings and temporary cash investments | $517,602 |
| 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 | $691,561 |
| 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 | $691,561 |
| 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 | $691,561 |