Skip to content
Nonprofiteer
← INSPIREDU INC

Form 990 for tax year 2024

Filed by INSPIREDU INC.

Totals

Total revenue
$2,415,436
Total expenses
$2,488,174
Contributions and grants received
$2,216,560
Grants paid
$0
Program service revenue
$28,554
Investment income
$11,201
Other revenue
$159,121
Total assets, end of year
$3,146,689
Total liabilities, end of year
$626,950
Net assets or fund balances, end of year
$2,519,739
Program services expenses (Part IX)
$1,667,406
Management and general expenses
$623,817
Fundraising expenses
$196,951
Program service expenses (Part III)
$1,667,406

Program services were 67.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,216,560

  • 1g · Noncash contributions included above

    $299,810

  • 2a · Program service revenue: COMPUTER RECYCLING FEES

    total $28,554 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $11,201 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $311,951

  • 8b · Fundraising events: direct expenses

    $152,830

  • 8c · Net income from fundraising events

    total $159,121 · unrelated business $0 · excluded $159,121

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $870,917 · program services $696,733 · management and general $87,092 · fundraising $87,092

  • 8 · Pension plan contributions

    total $121,051 · program services $96,841 · management and general $12,105 · fundraising $12,105

  • 9 · Other employee benefits

    total $11,955 · program services $9,563 · management and general $1,196 · fundraising $1,196

  • 10 · Payroll taxes

    total $76,481 · program services $61,186 · management and general $7,648 · fundraising $7,647

  • 11b · Fees: legal

    total $48,497 · program services $0 · management and general $48,497 · fundraising $0

  • 11c · Fees: accounting

    total $207,225 · program services $0 · management and general $207,225 · fundraising $0

  • 11g · Fees: other

    total $138,688 · program services $114,602 · management and general $24,086 · fundraising $0

  • 12 · Advertising and promotion

    total $76,803 · program services $0 · management and general $0 · fundraising $76,803

  • 14 · Information technology

    total $56,043 · program services $0 · management and general $56,043 · fundraising $0

  • 16 · Occupancy

    total $121,147 · program services $96,932 · management and general $12,107 · fundraising $12,108

  • 17 · Travel

    total $18,490 · program services $0 · management and general $18,490 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $29,665 · program services $0 · management and general $29,665 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $42,979 · program services $0 · management and general $42,979 · fundraising $0

  • 24a · Other expenses: MISCELLANEOUS

    total $17,171 · program services $4,938 · management and general $12,233 · fundraising $0

  • 24b · Other expenses: BANK FEES

    total $5,168 · program services $0 · management and general $5,168 · fundraising $0

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $629 · program services $0 · management and general $629 · fundraising $0

  • 24d · Other expenses: COMPUTER REHAB AND SUPPLIES

    total $645,265 · program services $586,611 · management and general $58,654 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,619,319 · end of year $254,568

  • 2 · Savings and temporary cash investments

    beginning of year $226,391 · end of year $207,253

  • 4 · Accounts receivable

    beginning of year $3,422

  • 8 · Inventories for sale or use

    beginning of year $575,465 · end of year $364,232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,426 · end of year $58,244

  • 10a · Land, buildings and equipment: cost or other basis

    $1,697,032

  • 10b · Land, buildings and equipment: accumulated depreciation

    $47,937

  • 10c · Land, buildings and equipment, net

    beginning of year $51,596 · end of year $1,649,095

  • 11 · Investments: publicly traded securities

    beginning of year $59,086 · end of year $61,996

  • 15 · Other assets

    beginning of year $627,343 · end of year $551,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,275 · end of year $46,195

  • 25 · Other liabilities

    beginning of year $647,511 · end of year $580,755

  • 27 · Net assets without donor restrictions

    beginning of year $1,207,929 · end of year $2,020,529

  • 28 · Net assets with donor restrictions

    beginning of year $1,285,333 · end of year $499,210

Mission and programs · 2024

Mission

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.

  • 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.

    Expenses $1,667,406 · Grants $1,778,747

As filed on the 2024 return.

Listed in Part VII

  • Richard Hicks

    CEO

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ruth Davis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Susan Karamer

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Nikhil Narvekar

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Edwina Blanchard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Roger Fugett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Renee Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Grant Shih

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kelly Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ryan Esparza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ryan Applegate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Nathalie Charlot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Derold McIver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Larisa Joiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Craig Hyde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Damian Apone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Durgesh Das

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Erika Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Will Wesley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Justin Laliberte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michele Noll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Trey Keisler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dante Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tim Huff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Chris Hardwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2025
IRS schema version
2024v5.2
Source object
202542249349302259

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.