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Nonprofiteer
← IMC NONPROFIT INC

Form 990 for tax year 2024

Filed by IMC NONPROFIT INC.

Totals

Total revenue
$129,000
Total expenses
$184,080
Contributions and grants received
$78,000
Grants paid
$0
Program service revenue
$49,000
Investment income
$0
Other revenue
$2,000
Total assets, end of year
$98,000
Total liabilities, end of year
$98,000
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$177,280
Fundraising expenses
$6,800
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $78,000

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Educational support services Other schools and instruction

    total $25,000 · related or exempt $25,000 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Record Production

    total $11,000 · related or exempt $11,000 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Promoters of performing arts sports andsimiilar events

    total $2,000 · related or exempt $2,000 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Musical Groups and Artists

    total $11,000 · related or exempt $0 · unrelated business $0 · excluded $11,000

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $2,000

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $2,000 · unrelated business $0 · excluded $2,000

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $42,440 · program services $0 · management and general $42,440 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

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

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

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

  • 12 · Advertising and promotion

    total $6,800 · program services $0 · management and general $0 · fundraising $6,800

  • 13 · Office expenses

    total $24,440 · program services $0 · management and general $24,440 · fundraising $0

  • 14 · Information technology

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

  • 15 · Royalties

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

  • 16 · Occupancy

    total $90,000 · program services $0 · management and general $90,000 · fundraising $0

  • 17 · Travel

    total $400 · program services $0 · management and general $400 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

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

  • 21 · Payments to affiliates

    total $20,000 · program services $0 · management and general $20,000 · fundraising $0

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

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

  • 26 · Joint costs (an allocation of the lines above)

    total $5,800 · program services $90,000 · management and general $42,400 · fundraising -$126,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $50,000

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $48,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $98,000

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

We are a vibrant hub of creativity and community transformation. Our mission is to empower youth musicians and creatives through the universal language of music offering them an avenue to explore their talents inspired by Indianapolis rich musical heritage and todays innovative spirit. Proudly serving our community as a 501c3 nonprofit organization.

Activities or mission (Part I)

INSPIRE Music Collective stands as a force of empowerment arming individuals with the tools of music media and creative expression to shape their own futures. We do not wait for opportunity-we create it. Through immersive workshops and transformative programs like Healing HeARTS we provide the knowledge the skills and the vision necessary to build something greater. Led by masters of the craft we equip those ready to rise with the power to turn struggle into strength talent into success and creativity into liberation. Music is more than sound-it is movement it is freedom it is the key to a future we define for ourselves.

  • Our one-day workshops provide a practical introduction to Digital Media Audio Engineering Composition and Instrument Instruction. They serve as a valuable addition to conventional music education by offering students a more comprehensive view of music and arts as well as exposing them to potential career paths in these creative fields. Participants engage in hands-on activities to deepen their understanding and skills in these areas fostering a well-rounded artistic education that can inspire and empower aspiring musicians and artists.

    Revenue $38,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ed McClung

    Director of Operations

    Total calculated
    $0
    Hours/week
    30
  • Tyesha Clark

    Director of Development

    Total calculated
    $0
    Hours/week
    30
  • Kevin Deardorff

    Director of Community Engagement

    Total calculated
    $0
    Hours/week
    30

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
17 November 2025
IRS schema version
2024v5.1
Source object
202503219349320600

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