Inspirasian
- Assets
- $710.8k
- Revenue
- $237.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 12/1997
- Data as of
- 09/2021
- 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 09/2021, Inspirasian generated $237.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $171.2k during the year ending 09/2021. 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
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
WHILE THE MAJORITY OF OUR SCHOLARSHIP FUNDS WERE RECEIVED AS A RESULT OF A $142,424 MATCHING GRANTS FROM THE AT&T FOUNDATIONS, LOCAL INSPIRASIAN CHAPTERS HOSTED A MIXTURE OF EVENTS TO HELP RAISE AN ADDITIONAL $75,354 FOR THE SCHOLARSHIP PROGRAM LISTED ABOVE. EVENTS INCLUDE LUNAR NEW YEAR DINNERS, ASIAN HERITAGE MONTH ACTIVITIES, ART CLASSES, GOLF TOURNAMENTS, SILENT AUCTIONS, AND CANDY, COOKBOOK, TEE-SHIRT AND PINS SALES, AND THE EMPLOYEE GIVING CAMPAIGN.
DESPITE THE SHELTER IN PLACE MANDATE FROM THE COVID-19 PANDEMIC, SOME OF THE LOCAL INSPIRASIAN CHAPTERS HOSTED VIRTUAL 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 |
Lao Yang Trustee | OfficerTrustee | 8 | $0 |
Deniz Kustu Vice President | OfficerTrustee | 8 | $0 |
Yan Xum Tech Officer | OfficerTrustee | 8 | $0 |
Jeffrey Wang Treasurer | OfficerTrustee | 8 | $0 |
Tom Yang Membership Mgr | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $31,410 |
| Membership dues | $0 |
| Fundraising events | $18,220 |
| Related organizations | $0 |
| Government grants | $142,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,054 |
| Total Program Service Revenue | $186 |
| Investment income | $1,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,400 |
| Grants and other assistance to domestic individuals. | $128,148 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,946 |
| 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 | $1,154 |
| Information technology | $1,751 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,424 |
| All other expenses | $0 |
| Total functional expenses | $171,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,041 |
| Savings and temporary cash investments | $433,751 |
| 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 | $710,792 |
| 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 | $710,792 |
| 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 | $710,792 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Inspirasian has recieved totaling $118,657.
| Awarding Organization | Amount |
|---|---|
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $90,878 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $27,548 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |