Inspiration Labs Inc
- Assets
- $130.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-2581148
Organization Overview
Inspiration Labs Inc is located in Tampa, FL. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiration Labs 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 12/2023, Inspiration Labs Inc generated $136.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $150.1k during the year ending 12/2023. While expenses have increased by 5.7% 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A WORKSHOP AREA/SPACE FOR MEMBERS TO WORK ON THEIR PROJECTSSUCH AS ROBOTICS, AQUAPONICS, ELECTRONICS, VIDEO AND ARCADE GAMING, 3DPRINTING, ART, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Wingeier Director | 5 | $0 | |
Carl Dorman Director | 10 | $0 | |
Jonathan Adair Director | 5 | $0 | |
William Stillwell Director | 5 | $0 | |
Ben Um Director | 1 | $0 | |
Richard Boake Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,418 |
| Total Program Service Revenue | $9,028 |
| Membership dues | $125,673 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $34,391 |
| Occupancy, rent, utilities, and maintenance | $93,931 |
| Printing, publications, postage, and shipping | $38 |
| Other expenses | $19,203 |
| Total expenses | $150,104 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,198 |
| Other assets | $0 |
| Total assets | $130,170 |
| Total liabilities | $18,788 |
| Net assets or fund balances | $111,382 |