Inspiration Outreach Foundation
- Assets
- $61.6k
- Revenue
- $536.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3646130
Organization Overview
Inspiration Outreach Foundation is located in Palatine, IL. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiration Outreach Foundation 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 Outreach Foundation generated $536.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (72.9%) each year. All expenses for the organization totaled $152.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES MEDICAL MOBILE UNITS THAT TRAVEL WEEKLY TO LAKE MCHENRY, DUPAGE, AND NORTHERN COOK COUNTIES IN ILLINOIS TO HELP INDIVIDUALS WITH SUBSTANCE USE DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy L Harding President | 40 | $75,000 | |
Marilyn A Ehlert Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $524 |
| Total Revenue | $536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,555 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,512 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,593 |
| Printing and publications | $0 |
| Other expenses | $7,105 |
| Total operating and administrative expenses | $119,606 |
| Contributions, gifts, grants paid | $33,176 |
| Total expenses and disbursements | $152,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,213 |
| Savings and temporary cash investments | $33,561 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,790 |
| Other assets | $0 |
| Total assets | $61,564 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Inspiration Outreach Foundation has awarded $101,805 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE FOR HEALING PURPOSE: TO SUPPORT COMMUNITY OUTREACH. | $721 |
LIVE 4 LALI PURPOSE: TO SUPPORT INDIVIDUALS WITH SUBSTANCE USE DISORDER. | $78,584 |
RECOVERY CENTERS OF AMERICA FOUNDATION CORPORATION PURPOSE: TO SUPPORT INDIVIDUALS WITH SUBSTANCE USE DISORDER. | $22,500 |