2025-11-14T09:17:16-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 883094715 INSPIRE ACCESS INSP 3017042002 9001 DURHAM DRIVE POTOMAC MD 20854 PATRICE KING BRICKMAN PRESIDENT & CEO 3017042002 2025-11-12 1 0 ANN NEIL P01817922 6123764500 2025-11-12 2024 2025-03-06 01:10:19Z PATRICE KING BRICKMAN 9001 DURHAM DRIVE POTOMAC MD 20854 5693773 0 X HTTPS://WWW.INSPIREACCESS.ORG/ X 2022 MD 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. 6 5 1 0 240618 29284 1042798 3505786 0 -32847 92405 265648 0 0 1135203 3738587 25000 78250 0 0 0 194417 0 0 97930 288206 537450 313206 810117 821997 2928470 5630384 8468550 4822065 4700049 808319 3768501 X 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. 0 0 519157 78250 0 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 519157 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 1 1 MD X CHRISTINE RODDY 7032014162 9001 DURHAM DRIVE POTOMAC MD 20854 X PATRICE KING BRICKMAN PRESIDENT & CEO 40.00 X X 0 0 0 LEROY PINGHO SECRETARY 1.00 X X 0 0 0 ERNITA THOMAS TREASURER 1.00 X X 0 0 0 HILLARY BALTIMORE DIRECTOR 1.00 X 0 0 0 LAURIE MARTIN DIRECTOR 1.00 X 0 0 0 ANNE MOSLE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3505786 3505786 PRI INCOME 523000 -32847 -32847 -32847 209186 184156 25030 2011648 1955186 56462 56462 56462 3738587 -32847 240618 25030 78250 78250 174622 90980 45874 37768 6010 2879 1687 1444 13785 6216 4309 3260 39696 22000 17696 15666 15666 27137 27137 77977 12500 65477 42347 42347 356 207 47 102 15149 9115 1541 4493 2517 2517 19970 9777 1677 8516 280400 280400 3128 3128 UBI TAX 6833 6833 6274 6274 810117 519157 193030 97930 134940 703719 5222358 6500288 273086 1264543 5630384 8468550 3355 19825 72750 4818710 4607474 4822065 4700049 X 527919 3239246 280400 529255 808319 3768501 5630384 8468550 2928470 31712 0 X 0 1 X 1 0 X 1042798 3505786 4548584 1042798 3505786 4548584 473721 4074863 25030 25030 20201 33538 53739 4627353 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PROGRAM LOANS RECEIVABLE 524375 C PROGRAM EQUITY INVESTMENTS 740168 C 1264543 X 3984480 31712 241318 273030 3711450 27137 27137 3738587 1024298 241318 241318 782980 27137 27137 810117 PART X, LINE 2: 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. 1 YELEEN BEAUTY 3443 BENNING RD NE WASHINGTON DC 20019 851614780 OTHER 72750 0 BUSINESS GROWTH, EXPANSION, AND ORGANIZATIONAL CAPACITY BUILDING 0 1 PART I, LINE 2: 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. PATRICE KING BRICKMAN PRESIDENT & CEO START UP CAPITAL X 5099110 4607474 0 1 1 4607474 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.