Incspire Inc
- Assets
- $7.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 20-8619579
Organization Overview
Incspire Inc is located in Reston, VA. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Incspire 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 06/2022, Incspire Inc generated $56.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $62.4k during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE BIZMAKER GRANT PROGRAM, LAUNCHED IN 2021, WAS CREATED TO PROMOTE INCLUSIVE ENTREPRENEURSHIP AND DIVERSITY OF ECONOMIC OPPORTUNITIES FOR BUSINESSES COMMITTED TO JOB CREATION AND REVENUE GENERATION WITHIN FAIRFAX COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Harpalani Director | 2 | $0 | |
Matt Brennan Director | 2 | $0 | |
Eric Horvitz Director | 2 | $0 | |
William Berg Director | 2 | $0 | |
Colin May Director | 2 | $0 | |
Casey Veatch Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,225 |
| Total Program Service Revenue | $19,370 |
| Membership dues | $0 |
| Investment income | $12,650 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,245 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,579 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,690 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,126 |
| Total expenses | $62,395 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,111 |
| Other assets | $0 |
| Total assets | $7,611 |
| Total liabilities | $11,300 |
| Net assets or fund balances | -$3,689 |