INSPIRE ACCESS INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INSPIRE ACCESS INC (EIN 88-3094715)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202513189349303421
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T09:17:16-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 S 6TH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 883094715 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSPIRE ACCESS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INSP | BusinessNameControlTxt |
| Phone | 3017042002 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9001 DURHAM DRIVE | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICE KING BRICKMAN | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 3017042002 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANN NEIL | PreparerPersonNm |
| PTIN | P01817922 | PTIN |
| Phone | 6123764500 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PATRICE KING BRICKMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9001 DURHAM DRIVE | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,693,773 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WWW.INSPIREACCESS.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2022 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO MOBILIZE PHILANTHROPIC CAPITAL TOWARDS FOR-PROFIT VENTURES IN SUPPORT OF UNDERREPRESENTED FOUNDERS AND COMMUNITIES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL. WE ADVANCE THIS BY PROVIDING PRIS, FISCAL SPONSORSHIPS, AND OTHER FOUNDER-FRIENDLY TOOLS THAT CHANNEL UNRESTRICTED DONATIONS INTO MISSION-ALIGNED VENTURES. BY BRIDGING DONORS AND ENTREPRENEURS, WE EXPAND ACCESS TO CAPITAL, FUEL INNOVATION, AND ADVANCE SOCIAL EQUITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $240,618 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $29,284 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,042,798 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,505,786 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | -$32,847 | CYProgramServiceRevenueAmt |
| PY Investment Income | $92,405 | PYInvestmentIncomeAmt |
| CY Investment Income | $265,648 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,135,203 | PYTotalRevenueAmt |
| CY Total Revenue | $3,738,587 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $25,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $78,250 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $194,417 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $97,930 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $288,206 | PYOtherExpensesAmt |
| CY Other Expenses | $537,450 | CYOtherExpensesAmt |
| PY Total Expenses | $313,206 | PYTotalExpensesAmt |
| CY Total Expenses | $810,117 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $821,997 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,928,470 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,630,384 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,468,550 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,822,065 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,700,049 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $808,319 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,768,501 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO MOBILIZE PHILANTHROPIC CAPITAL TOWARDS FOR-PROFIT VENTURES IN SUPPORT OF UNDERREPRESENTED FOUNDERS AND COMMUNITIES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL. WE ADVANCE THIS BY PROVIDING PRIS, FISCAL SPONSORSHIPS, AND OTHER FOUNDER-FRIENDLY TOOLS THAT CHANNEL UNRESTRICTED DONATIONS INTO MISSION-ALIGNED VENTURES. BY BRIDGING DONORS AND ENTREPRENEURS, WE EXPAND ACCESS TO CAPITAL, FUEL INNOVATION, AND ADVANCE SOCIAL EQUITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $519,157 | ExpenseAmt |
| Grant | $78,250 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | IN 2024, INSPIRE ACCESS FULFILLED ITS PUBLIC CHARITY MISSION BY MOBILIZING PHILANTHROPIC CAPITAL TO SUPPORT UNDERREPRESENTED FOUNDERS AND COMMUNITIES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL. WE DEPLOYED CHARITABLE FUNDS TO SCALE OUR MISSION, SUPPORTING EARLY-STAGE COMPANIES AND TAKING LP POSITIONS IN MISSION-ALIGNED FUNDS.THE ORGANIZATIONS WE SUPPORTED SPAN VITAL SECTORS, INCLUDING HEALTH, EDUCATION, CLIMATE RESILIENCE, AND FINANCIAL INCLUSION. MANY SERVE COMMUNITIES THAT HAVE HISTORICALLY FACED BARRIERS TO OPPORTUNITY. OUR SUPPORT HELPED THESE VENTURES GROW, ATTRACT FOLLOW-ON INVESTMENT, AND INCREASE VISIBILITY ACROSS FUNDING AND NETWORK ECOSYSTEMS.THE DEPLOYMENT OF ALL OUR FUNDS WAS DRIVEN BY OUR CHARITABLE PURPOSE, ENSURING EACH ACTION WAS MISSION-FIRST, DESIGNED TO INCREASE OPPORTUNITY AND REDUCE SYSTEMIC INEQUITY. OUR MODEL IS DISTINGUISHED BY A FOUNDER-FRIENDLY APPROACH THAT CENTERS TRUST, FLEXIBILITY, AND ALIGNMENT. BY MINIMIZING EXTRACTIVE TERMS AND SIMPLIFYING CAPITAL FLOW, WE UNLOCK CATALYTIC SUPPORT FOR VENTURES OFTEN EXCLUDED BY TRADITIONAL INVESTMENT OR PHILANTHROPIC PATHWAYS.WE ALSO LAUNCHED A MODEL C FISCAL SPONSORSHIP PROGRAM, PROVIDING OPERATIONAL INFRASTRUCTURE FOR EMERGING CHARITABLE INITIATIVES LED BY UNDERREPRESENTED FOUNDERS. THIS NEW OFFERING REMOVES EARLY ADMINISTRATIVE BARRIERS, ENABLING FOUNDERS TO PILOT AND GROW MISSION-DRIVEN WORK WITHOUT NEEDING TO FORM STANDALONE NONPROFITS.IN PARALLEL, INSPIRE ACCESS CONTINUED TO SHAPE HOW PHILANTHROPY ENGAGES WITH THE PRIVATE SECTOR. THROUGH CONVENINGS, ADVISORY WORK, AND FISCAL SPONSORSHIP, WE CREATED NEW PATHWAYS FOR DONORS AND ENTREPRENEURS TO COLLABORATE. THESE EFFORTS REFLECT OUR BROADER MISSION: TO EXPAND ACCESS, REDUCE FRICTION, AND SHIFT HOW CHARITABLE CAPITAL FLOWS TOWARD INCLUSIVE ECONOMIC OPPORTUNITY | Desc |
| Total Program Service Expenses | $519,157 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTINE RODDY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7032014162 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9001 DURHAM DRIVE | AddressLine1Txt |
| City | POTOMAC | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| PATRICE KING BRICKMAN | ||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LEROY PINGHO | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ERNITA THOMAS | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| HILLARY BALTIMORE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LAURIE MARTIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANNE MOSLE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $3,505,786 | AllOtherContributionsAmt |
| Total Contributions | $3,505,786 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRI INCOME | Desc |
| Business | 523000 | BusinessCd |
| Total Revenue Column | -$32,847 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$32,847 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | -$32,847 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $209,186 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $184,156 | UnrelatedBusinessRevenueAmt |
| Exclusion | $25,030 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,011,648 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,955,186 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $56,462 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,462 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $56,462 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,738,587 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$32,847 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $240,618 | UnrelatedBusinessRevenueAmt |
| Exclusion | $25,030 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,250 | TotalAmt |
| Program Services | $78,250 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,622 | TotalAmt |
| Program Services | $90,980 | ProgramServicesAmt |
| Management And General | $45,874 | ManagementAndGeneralAmt |
| Fundraising | $37,768 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,010 | TotalAmt |
| Program Services | $2,879 | ProgramServicesAmt |
| Management And General | $1,687 | ManagementAndGeneralAmt |
| Fundraising | $1,444 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,785 | TotalAmt |
| Program Services | $6,216 | ProgramServicesAmt |
| Management And General | $4,309 | ManagementAndGeneralAmt |
| Fundraising | $3,260 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,696 | TotalAmt |
| Program Services | $22,000 | ProgramServicesAmt |
| Management And General | $17,696 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,666 | TotalAmt |
| Management And General | $15,666 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,137 | TotalAmt |
| Management And General | $27,137 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,977 | TotalAmt |
| Program Services | $12,500 | ProgramServicesAmt |
| Management And General | $65,477 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,347 | TotalAmt |
| Fundraising | $42,347 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356 | TotalAmt |
| Program Services | $207 | ProgramServicesAmt |
| Management And General | $47 | ManagementAndGeneralAmt |
| Fundraising | $102 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,149 | TotalAmt |
| Program Services | $9,115 | ProgramServicesAmt |
| Management And General | $1,541 | ManagementAndGeneralAmt |
| Fundraising | $4,493 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,517 | TotalAmt |
| Management And General | $2,517 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,970 | TotalAmt |
| Program Services | $9,777 | ProgramServicesAmt |
| Management And General | $1,677 | ManagementAndGeneralAmt |
| Fundraising | $8,516 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,400 | TotalAmt |
| Program Services | $280,400 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,128 | TotalAmt |
| Management And General | $3,128 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBI TAX | Desc |
| Total | $6,833 | TotalAmt |
| Program Services | $6,833 | ProgramServicesAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,274 | TotalAmt |
| Management And General | $6,274 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $810,117 | TotalAmt |
| Program Services | $519,157 | ProgramServicesAmt |
| Management And General | $193,030 | ManagementAndGeneralAmt |
| Fundraising | $97,930 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,940 | BOYAmt |
| EOY | $703,719 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,222,358 | BOYAmt |
| EOY | $6,500,288 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $273,086 | BOYAmt |
| EOY | $1,264,543 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,630,384 | BOYAmt |
| EOY | $8,468,550 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,355 | BOYAmt |
| EOY | $19,825 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $72,750 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,818,710 | BOYAmt |
| EOY | $4,607,474 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,822,065 | BOYAmt |
| EOY | $4,700,049 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $527,919 | BOYAmt |
| EOY | $3,239,246 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,400 | BOYAmt |
| EOY | $529,255 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $808,319 | BOYAmt |
| EOY | $3,768,501 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,630,384 | BOYAmt |
| EOY | $8,468,550 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,928,470 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $31,712 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,042,798 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,505,786 | CurrentTaxYearAmt |
| Total | $4,548,584 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,042,798 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,505,786 | CurrentTaxYearAmt |
| Total | $4,548,584 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $473,721 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,074,863 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $25,030 | CurrentTaxYearAmt |
| Total | $25,030 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $20,201 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,538 | CurrentTaxYearAmt |
| Total | $53,739 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $4,627,353 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PROGRAM LOANS RECEIVABLE | $524,375 | C |
| PROGRAM EQUITY INVESTMENTS | $740,168 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $1,264,543 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,984,480 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $31,712 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $241,318 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $273,030 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,711,450 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $27,137 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $27,137 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,738,587 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,024,298 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $241,318 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $241,318 | ExpensesNotReportedAmt |
| Expenses Subtotal | $782,980 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $27,137 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $27,137 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $810,117 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2024 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE ORGANIZATION'S TAX RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE RESPECTIVE FILING DATES OF THOSE RETURNS. THERE ARE NO EXAMINATIONS PENDING OR IN PROGRESS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2024, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YELEEN BEAUTY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3443 BENNING RD NE | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 851614780 | RecipientEIN |
| IRC Section | OTHER | IRCSectionDesc |
| Cash Grant | $72,750 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | BUSINESS GROWTH, EXPANSION, AND ORGANIZATIONAL CAPACITY BUILDING | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | INSPIRE ACCESS MAINTAINS RECORDS TO SUBSTANTIATE GRANT AMOUNTS, ELIGIBILITY, AND SELECTION CRITERIA FOR ALL RE-GRANTED FUNDS. FOR PROJECTS SUPPORTED UNDER OUR MODEL C FISCAL SPONSORSHIP STRUCTURE, WE REQUIRE A FORMAL FISCAL SPONSORSHIP AGREEMENT THAT OUTLINES CHARITABLE PURPOSE ALIGNMENT, PERMISSIBLE USE OF FUNDS, REPORTING EXPECTATIONS, AND TERMINATION PROVISIONS. SPONSORED PROJECTS MUST SUBMIT PERIODIC NARRATIVE AND FINANCIAL REPORTS DOCUMENTING USE OF FUNDS AND PROGRAMMATIC OUTCOMES. INSPIRE ACCESS REVIEWS THESE REPORTS FOR COMPLIANCE AND ALIGNMENT WITH STATED OBJECTIVES AND IRS CHARITABLE GUIDELINES. DISBURSEMENT OF FUNDS IS CONTINGENT UPON INITIAL DUE DILIGENCE AND, IN SOME CASES, SATISFACTORY COMPLETION OF INTERIM REPORTING REQUIREMENTS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICE KING BRICKMAN | PersonNm |
| Relationship With Org | PRESIDENT & CEO | RelationshipWithOrgTxt |
| Loan Purpose | START UP CAPITAL | LoanPurposeTxt |
| Loan To Organization | Yes (X) | LoanToOrganizationInd |
| Original Principal | $5,099,110 | OriginalPrincipalAmt |
| Balance Due | $4,607,474 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $4,607,474 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | INSPIRE ACCESS MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF ALL BOARD MEETINGS AND WRITTEN ACTIONS, INCLUDING FORMAL MEETING MINUTES, RESOLUTIONS, AND UNANIMOUS WRITTEN CONSENTS, IN ACCORDANCE WITH NONPROFIT GOVERNANCE BEST PRACTICES. AS OF THE 2024 TAX YEAR, THE ORGANIZATION DID NOT HAVE ANY BOARD-DESIGNATED COMMITTEES WITH DELEGATED AUTHORITY TO ACT ON BEHALF OF THE BOARD. ALL GOVERNANCE DECISIONS WERE MADE AND DOCUMENTED AT THE FULL BOARD LEVEL. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT OF THE FORM 990 IS PREPARED BY THE ORGANIZATION'S EXTERNAL ACCOUNTANTS IN COORDINATION WITH STAFF. THE DRAFT IS REVIEWED INTERNALLY BY SENIOR LEADERSHIP, INCLUDING THE CEO, TO ENSURE COMPLETENESS AND ACCURACY. ONCE INTERNALLY VETTED, THE DRAFT IS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. BOARD MEMBERS ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS, REQUEST CLARIFICATIONS, AND PROVIDE FEEDBACK. ANY NECESSARY REVISIONS ARE INCORPORATED BEFORE THE FINAL VERSION IS SUBMITTED TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | INSPIRE ACCESS MONITORS AND ENFORCES COMPLIANCE WITH ITS BOARD-APPROVED POLICIES SUCH AS ITS CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION POLICIES THROUGH A COMBINATION OF ANNUAL AFFIRMATIONS, STAFF AND BOARD TRAINING, AND ONGOING OVERSIGHT BY LEADERSHIP. EACH YEAR, BOARD MEMBERS AND KEY STAFF ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM. LEADERSHIP MONITORS COMPLIANCE WITH INTERNAL CONTROLS AND RECORD KEEPING PROCEDURES THROUGHOUT THE YEAR, AND ANY POTENTIAL ISSUES ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS. POLICIES ARE REVIEWED PERIODICALLY AND UPDATED AS NEEDED TO ENSURE ALIGNMENT WITH EVOLVING LEGAL AND OPERATIONAL STANDARDS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST STARTING FOR CALENDAR YEAR 2024. |
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