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Nonprofiteer
← INSPIRATION STUDIOS INC

Form 990 for tax year 2023

Filed by INSPIRATION STUDIOS INC.

Totals

Total revenue
$935,099
Total expenses
$752,273
Contributions and grants received
$817,886
Grants paid
$0
Program service revenue
$45,812
Investment income
$8,412
Other revenue
$62,989
Total assets, end of year
$666,805
Total liabilities, end of year
$7,568
Net assets or fund balances, end of year
$659,237
Program services expenses (Part IX)
$561,046
Management and general expenses
$137,904
Fundraising expenses
$53,323
Program service expenses (Part III)
$561,046

Program services were 74.6% 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.

  • 1e · Government grants (contributions)

    $617,339

  • 1f · All other contributions, gifts and grants

    $200,547

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $45,812 · related or exempt $45,812

  • 3 · Investment income

    total $8,412 · related or exempt $8,412

  • 8a · Fundraising events: gross income

    $89,293

  • 8b · Fundraising events: direct expenses

    $23,367

  • 8c · Net income from fundraising events

    total $65,926

  • 10a · Gross sales of inventory

    $58,607

  • 10b · Cost of goods sold

    $61,559

  • 10c · Net income from sales of inventory

    total -$2,952 · related or exempt -$2,952

  • 11a · Other revenue: SALES TAX DISCOUNT

    total $15 · related or exempt $15

  • 11e · Other revenue, total

    $15

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $359,938 · program services $260,267 · management and general $67,570 · fundraising $32,101

  • 9 · Other employee benefits

    total $54,633 · program services $39,505 · management and general $10,257 · fundraising $4,871

  • 10 · Payroll taxes

    total $42,792 · program services $30,942 · management and general $8,034 · fundraising $3,816

  • 11b · Fees: legal

    total $1,001 · management and general $1,001

  • 11c · Fees: accounting

    total $34,085 · program services $17,887 · management and general $16,198

  • 11g · Fees: other

    total $13,680 · program services $5,389 · management and general $2,800 · fundraising $5,491

  • 12 · Advertising and promotion

    total $6,201 · program services $972 · management and general $1,704 · fundraising $3,525

  • 13 · Office expenses

    total $1,329 · program services $126 · management and general $1,203

  • 14 · Information technology

    total $14,068 · program services $11,224 · management and general $2,844

  • 16 · Occupancy

    total $50,633 · program services $40,138 · management and general $10,495

  • 17 · Travel

    total $37,476 · program services $37,476

  • 22 · Depreciation, depletion and amortization

    total $95,168 · program services $90,477 · management and general $3,752 · fundraising $939

  • 23 · Insurance

    total $5,021 · program services $2,945 · management and general $2,076

  • 24a · Other expenses: MISCELLANEOUS

    total $16,376 · program services $9,966 · management and general $5,729 · fundraising $681

  • 24b · Other expenses: SUPPLIES

    total $5,740 · program services $4,615 · management and general $1,118 · fundraising $7

  • 24c · Other expenses: SHIPPING AND POSTAGE

    total $4,628 · program services $2,556 · management and general $416 · fundraising $1,656

  • 24d · Other expenses: SOCIAL AND CAMPUS ACTIVIT

    total $3,623 · program services $2,463 · management and general $1,160

  • 24e · All other expenses

    total $5,881 · program services $4,098 · management and general $1,547 · fundraising $236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,321 · end of year $293,353

  • 4 · Accounts receivable

    beginning of year $2,549

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

    $517,082

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

    $143,630

  • 10c · Land, buildings and equipment, net

    beginning of year $368,215 · end of year $373,452

  • 24 · Unsecured notes and loans payable

    beginning of year $7,996 · end of year $7,027

  • 25 · Other liabilities

    beginning of year $678 · end of year $541

  • 27 · Net assets without donor restrictions

    beginning of year $476,411 · end of year $651,737

  • 28 · Net assets with donor restrictions

    end of year $7,500

Mission and programs · 2023

Mission

INSPIRATION STUDIOS INSPIRES INDIVIDUALS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES TO LEAD PURPOSEFUL, HEALTHY, AND SELF-DIRECTED LIVES THROUGH INNOVATIVE PROGRAMMING AND SERVICES.

  • INSIDEOUT STUDIO IS A VOCATIONAL HABILITATION PROGRAM THAT EMPLOYS INDIVIDUALS WITH DISABILITIES. THIS PROGRAM PROVIDES THE OPPORTUNITY FOR ARTISTS WITH DISABILITIES TO PRODUCE, MARKET, AND RECEIVE AN INCOME FROM THEIR ART, WHILE GAINING CONFIDENCE IN THEIR ABILITIES.

    Expenses $305,799 · Revenue $36,393

  • INSPIRED TRANSPORTATION IS A NON-MEDICAL TRANSPORTATION PROGRAM. THIS PROGRAM MOVES COMMUNITY FORWARD WITH TIMELY, DEPENDABLE, AND SAFE TRANSPORTATION FOR INDIVIDUALS WITH DISABILITIES.

    Expenses $200,260 · Revenue $8,679

  • INSPIRATION STUDIOS IS A 501(C)3 NON-PROFIT THAT OVERSEES THE PROGRAMMATIC SERVICES OF INSIDEOUT STUDIOS IN HAMILTON, OH.

    Expenses $54,987 · Revenue $740

As filed on the 2023 return.

Listed in Part VII

  • KIM NEAL

    EXECUTIVE DI

    Total calculated
    $63,847
    From this org
    $63,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • TIM SPEIGHT

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • MICHELLE BARNES DAVIS

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • KATHY BEATTY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • DEBBIE MANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ADAM MARCUM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • TEDDY KREMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ALISA MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CHERYL KREMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TIFFANY GRUBB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • AARON HUFFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INSPIRED TRANSPORT LLC

    OH

    Directly controlled by INSPIRATIO

  • INSIDE OUT LLC

    OH

    Directly controlled by INSPIRATIO

Provenance

Return type
form_990
Tax year
2023
Filed
11 July 2024
IRS schema version
2023v5.0
Source object
202441949349300809

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