Inspire Women
- Assets
- $19.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 35-2203762
Organization Overview
Inspire Women is located in Houston, TX. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Inspire Women employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Women 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 Women generated $1.0m 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 (6.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
TO PROVIDE BIBLICAL RESOURCES TO INSPIRE, AFFIRM AND CONTINUE A PASSION INWOMEN OF ALL ETHNICITIES, DEMONINATIONS AND ECONOMIC LEVELS TO LIVE ATTHEIR GOD GIVEN POTENTIAL BY ALIGNING THEIR UNIQUE GIFTEDNESS, INFLUENCEAND BACKGROUND WITH GOD'S CHARACTER AND PURPOSE IN THEIR COMMUNITIES ANDTHE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE SCHOLARSHIPS / ENDOWMENT TO ENABLE RECIPIENTS TO PURSUE BIBLICALEDUCATION AT THE HIGHEST LEVEL POSSIBLE. THE COLLEGE OF BIBLICAL STUDIES,DALLAS THEOLOGICAL SEMINARY, HOUSTON BAPTIST UNIVERSITY AND SOUTHWESTERNBAPTIST THEOLOGICAL SEMINARY ARE INSPIRE WOMEN'S INSTITUTIONS OF CHOICE FORSCHOLARSHIPS FOR THE UNDERGRADUATE LEVEL.PRODUCE AWARD EVENTS/PROGRAMS TO RECOGNIZE AND AFFIRM WOMEN FOR EXCELLENCEIN SERVICE. PRODUCED THE INSPIRE CONFERENCE WITH NATIONAL SPEAKERS, STRONGDYNAMIC TEACHING AND PROGRAMMING. YEAR ROUND GIFTS ASSESSMENT AND CONSELINGFOR WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita G Carman President | OfficerTrustee | 60 | $197,500 |
Kim Watson Vice President | OfficerTrustee | 5 | $0 |
Cathy Wining-Thomas Secretary | OfficerTrustee | 10 | $0 |
Robert Carman Treasurer | OfficerTrustee | 30 | $0 |
Judy Horne Director | Trustee | 20 | $0 |
Denise Malloy Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $267,490 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $289,948 |
| Noncash contributions included in lines 1a–1f | $31,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,438 |
| Total Program Service Revenue | $0 |
| Investment income | $123,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $140,408 |
| Net Income from Fundraising Events | -$35,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,462 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,026,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $220,876 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,500 |
| Compensation of current officers, directors, key employees. | $5,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $505 |
| Fees for services: Accounting | $39,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,143 |
| Office expenses | $128,637 |
| Information technology | $17,907 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,346 |
| 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 | $58,222 |
| Insurance | $36,721 |
| All other expenses | -$26,162 |
| Total functional expenses | $1,076,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,878 |
| Savings and temporary cash investments | $4,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,602 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,128,011 |
| Investments—publicly traded securities | $18,606,467 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $19,920,351 |
| Accounts payable and accrued expenses | $689,315 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $689,315 |
| Net assets without donor restrictions | $7,709,627 |
| Net assets with donor restrictions | $11,521,409 |
| 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 | $19,920,351 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Inspire Women has recieved totaling $76,365.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $56,133 |
The Lanier Theological Library Foundation Houston, TX PURPOSE: GENERAL OPERATIONS | $15,000 |
Hildebrand Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Endowment Analysis
| Beg. Balance | $17,031,428 |
| Earnings | $1,392,306 |
| Net Contributions | $49,920 |
| Other Expense | $117,300 |
| Grants | $228,626 |
| Ending Balance | $18,127,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |