Inspire S-Ve Inc
- Assets
- $589.7k
- Revenue
- $71.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Spencer, NY
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 16-1599412
Organization Overview
Inspire S-Ve Inc is located in Spencer, NY. The organization was established in 2001. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire S-Ve Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Inspire S-Ve Inc generated $71.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $41.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED MISSION STATEMENT ATTACHED TO PAGE 2, PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSE INCLUDE THE FOLLOWING:BABY SITTING CLASS,BASKET RAFFLE, X'MAS ADOPTED FAMILY, COMMUNITY FITNESS CTR, LUNCH PROGRAM, EASTER EGG HUNT, GRANTS & RELATED, AND SENIOR CITIZENS. SEE ADDITIONAL STATEMENT ATTACHED:
SPONSORED FUNDS INCLUDE THE FOLLOWING:CHILDRENS FUND, GRADUATION PROJECT, HS PRINCIPAL FUND, LIBRARY MEDIA CENTER, NPPBP, PRINCIPAL ACCOUNT ELEMENTARY,NL HODSON FD, SCHMUCHER FD, WILLCOX MEMORIAL AND WAYNE'S RUN FUND. SEE ADDITIONAL STATEMENT ATTACHED:
COMMUNITY FITNESS CTR-SEE ADDITIONAL STATEMENT ATTACHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Thomas Director Of Cfc | Officer | 12 | $1,500 |
Erica Lilly President | Officer | 15 | $0 |
Michele Conrad VP | Officer | 3 | $0 |
Jean Fisher Secretary | Officer | 3 | $0 |
Cynthia Reuter Treasurer | Officer | 5 | $0 |
John Palomaki Emeritus | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,346 |
| Total Program Service Revenue | $4,449 |
| Investment income | $12,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $909 |
| Net Gain/Loss on Asset Sales | $950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,769 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $494 |
| Payroll taxes | $155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,864 |
| Fees for services: Other | $0 |
| Advertising and promotion | $390 |
| Office expenses | $0 |
| Information technology | $964 |
| Royalties | $0 |
| Occupancy | $13,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,040 |
| Insurance | $0 |
| All other expenses | $9,263 |
| Total functional expenses | $41,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,815 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $174,148 |
| Investments—publicly traded securities | $234,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $589,727 |
| Accounts payable and accrued expenses | $270 |
| Grants payable | $0 |
| Deferred revenue | $23,584 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,854 |
| Net assets without donor restrictions | $523,323 |
| Net assets with donor restrictions | $42,550 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $589,727 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Inspire S-Ve Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Tompkins Charitable Gift Fund Inc Ithaca, NY PURPOSE: FURTHERANCE OF TAX EXEMPT PURPOSE | $20,000 |
Blanchard Family Foundation Wilmington, DE PURPOSE: UNRESTRICTED TO SUPPORT OPERATIONS | $6,000 |
Tsb Foundation Inc Spencer, NY PURPOSE: UNRESTRICTED DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Horizons National Student Enrichment Program Inc Westport, CT | $6,013,839 | $4,724,137 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |