Inspiration Corporation

Tax-deductible

Chicago, IL501(c)(3)Since 1989Human ServicesEIN 36-3673980Revenue $6.5M in FY2025

On file with the IRSinspirationcorp.org3504 W Lake St, 60624-1906 · Chicago, ILTax-exempt since Jun 1994Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

Inspiration Corporation's mission is to help people who are affected by homelessness and poverty, to improve their lives and increase self-sufficiency through the provision of social services, employment training and placement, and housing. Additionally, the Foodservice Training program, operated within Inspiration Corporation's restaurants, provides skill-specific job training and employment placement.5840 S. Dr. Martin Luther King Jr. Drive, LLC provides affordable and permanent supportive housing to low-income families, including those experiencing homelessness, in Chicago.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 750 volunteers and 57 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $259K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$545K
to officers and key staff · 10% of spending
Top officer’s pay higher than 84% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $66K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$446K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
+44% vs prior year
Spent
$5.3M
To programs
78%
Net assets
$3.4M
By yearFY2020–FY2025
Revenue
$6.5M
FY2025▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$5.1M
FY2022$4.8M
FY2023$5.0M
FY2024$4.5M
FY2025$6.5M
Expenses
$5.3M
FY2025-0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$4.1M
FY2022$4.5M
FY2023$4.8M
FY2024$5.3M
FY2025$5.3M
Net assets
$3.4M
FY2025▲ +52%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$2.6M
FY2022$2.9M
FY2023$3.0M
FY2024$2.2M
FY2025$3.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $4.1M Management & general 14% · $733K Fundraising 8% · $444K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

24 people listed on the 990; $545K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director & CEO
$176,728Pt VII · Sec A
Chief Financial Officer
$134,800Pt VII · Sec A
Chief Development Officer
$120,361Pt VII · Sec A
Chief Program Officer
$113,226Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Shannon Stewart’s $177K as Executive Director & CEO is at the 84th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shannon Stewart$176,728—————
Shannon K Stewart Msw—$165,775$150,376$130,677$114,620$111,909
Kimberly Davis$134,800$122,734$111,555$96,858$82,827$79,536
Mary Anne Coy$120,361$112,733————
Nancy Phillips$113,226$105,682————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Inspiration Corporation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides social services, job training, and housing for homeless individuals.

Questions for Inspiration Corporation

Tap to ask. Inspiration Corporation sees how many people are interested.

Your first name shows with your question. Inspiration Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $4.1M · in their own filed words · FY2024
01

Housing Services program provides formerly homeless individuals and families with an apartment and the wraparound services and support they need to make their new place a home.Case managers connect with individuals and families experiencing homelessness, help them identify a new home, and work with their new landlord to make sure that…

$1.8Mprogram expense
02

Job training is located in Chicago's East Garfield Park neighborhood. Inspiration Kitchens, our restaurant and Foodservice Training program site has offered low-income individuals the opportunity to learn to cook professionally at a restaurant open to the paying public, helping them gain the skills and experience they need in the food…

$1.5Mprogram expense
03

Inspiration Corporation's first program, Inspiration Cafe, serves hot, nutritious meals to our participants in an atmosphere of dignity and respect. Our cafe is open to our participants five days a week and operates like any other full-service restaurant in the city.

$820Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 12 grants · $5.2M · 2019–2024
Unitemized GrantFY2024$776,959
Unitemized GrantFY2024$105,030
Unitemized GrantFY2023$740,736
Unitemized GrantFY2023$154,554
Unitemized GrantFY2022$766,938
Unitemized GrantFY2022$172,413
Unitemized GrantFY2021$730,945
Unitemized GrantFY2021$140,049
Unitemized GrantFY2020$672,759
Unitemized GrantFY2020$115,681
Unitemized GrantFY2019$726,392
Unitemized GrantFY2019$129,070

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$6.3M
Fees for servicesLn 2g$246K
Money outPt IX
$5.3M
Ln 25
Programscol B$4.1M
Managementcol C$733K
Fundraisingcol D$444K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$821K
Total assetsLn 16$3.8M
LiabilitiesLn 26$446K
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Government grantsLn 1e$3.2M
Noncash giftsLn 1g$87K
Fundraising eventsLn 1c$160K
Fees for servicesLn 2g$246K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$146K
SavingsLn 2$675K
Cash and savings togetherLn 1–2$821K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$34K
Total assetsLn 16$3.8M
LiabilitiesLn 26$446K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 557
VolunteersI 6750
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$259K$821K
Land, buildings, equipmentLn 10c$1.3M$1.1M
Total assetsLn 16$3.1M$3.8M
LiabilitiesLn 26$860K$446K
Net assetsLn 32$2.2M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$882K$882K
Pay of current officers, directors and key staffLn 5$523K$381K$85K$56K
Other salaries and wagesLn 7$2.0M$1.5M$302K$220K
Pension plan contributionsLn 8$33K$23K$8K$3K
Other employee benefitsLn 9$159K$110K$36K$14K
Payroll taxesLn 10$192K$134K$40K$18K
Management feesLn 11a$7K$7K
Legal feesLn 11b$3K$1K$1K$294
Accounting feesLn 11c$28K$12K$13K$3K
Other fees for servicesLn 11g$310K$204K$57K$48K
Office expensesLn 13$20K$4K$4K$12K
OccupancyLn 16$251K$201K$28K$22K
TravelLn 17$9K$9K$449$23
InterestLn 20$29K$14K$7K$8K
Depreciation, depletion and amortizationLn 22$238K$235K$2K$2K
InsuranceLn 23$136K$109K$18K$9K
Other expenses (24a–d)Ln 24$376K$281K$73K$21K
All other expensesLn 24e$127K$61K$59K$7K
Total functional expensesLn 25$5.3M$4.1M$733K$444K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.5M$5.3M$1.2M$3.4M 990 PDF
FY2024 $4.5M$5.3M−$808K$2.2M 990 PDF
FY2023 $5.0M$4.8M$171K$3.0M 990 PDF
FY2022 $4.8M$4.5M$266K$2.9M 990 PDF
FY2021 $5.1M$4.1M$1.0M$2.6M 990 PDF
FY2020 $3.8M$4.1M−$252K$1.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $6,460,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,179,761$6,250,681
I-9 Program service revenuePrior year $257,928$245,730
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $61,718−$35,652
I-12 Total revenuePrior year $4,499,407$6,460,759
I-13 Grants and similar amounts paidPrior year $895,290$881,989
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,043,396$2,886,665
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,369,186$1,532,834
I-18 Total expensesPrior year $5,307,872$5,301,488
I-19 Revenue less expensesPrior year −$808,465$1,159,271
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,460,759 across 9 lines filed
VIII-1c Fundraising events$160,464
VIII-1e Government grants$3,161,349
VIII-1f All other contributions, gifts and grants$2,928,868
VIII-1g Noncash contributions (included above)$86,570
VIII-1h Total contributions, gifts and grants$6,250,681
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $245,730$245,730
VIII-8 Net income from fundraising eventsExcluded from tax −$42,819−$42,819
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,167$7,167
VIII-12 Total revenueRelated to mission $252,897 · Unrelated business $0 · Excluded from tax −$42,819$6,460,759
Part IX · Statement of functional expenses $5,301,488 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $881,989$881,989
IX-5 Pay of current officers, directors and key staffPrograms $381,467 · Management $85,341 · Fundraising $56,233$523,041
IX-7 Other salaries and wagesPrograms $1,457,329 · Management $302,220 · Fundraising $219,523$1,979,072
IX-8 Pension plan contributionsPrograms $22,685 · Management $7,904 · Fundraising $2,787$33,376
IX-9 Other employee benefitsPrograms $109,539 · Management $35,885 · Fundraising $13,905$159,329
IX-10 Payroll taxesPrograms $134,296 · Management $39,647 · Fundraising $17,904$191,847
IX-11a Management feesPrograms $7,213$7,213
IX-11b Legal feesPrograms $1,239 · Management $1,294 · Fundraising $294$2,827
IX-11c Accounting feesPrograms $12,165 · Management $12,698 · Fundraising $2,887$27,750
IX-11g Other fees for servicesPrograms $204,290 · Management $56,776 · Fundraising $48,477$309,543
IX-13 Office expensesPrograms $3,773 · Management $3,899 · Fundraising $12,401$20,073
IX-16 OccupancyPrograms $200,753 · Management $28,436 · Fundraising $22,264$251,453
IX-17 TravelPrograms $8,600 · Management $449 · Fundraising $23$9,072
IX-20 InterestPrograms $13,534 · Management $6,617 · Fundraising $8,483$28,634
IX-22 Depreciation, depletion and amortizationPrograms $234,796 · Management $1,788 · Fundraising $1,537$238,121
IX-23 InsurancePrograms $108,633 · Management $17,793 · Fundraising $9,310$135,736
IX-24 Other expenses (24a–d)Programs $281,439 · Management $72,758 · Fundraising $21,371$375,568
IX-24e All other expensesPrograms $60,859 · Management $59,145 · Fundraising $6,840$126,844
IX-25 Total functional expensesPrograms $4,124,599 · Management $732,650 · Fundraising $444,239$5,301,488
Part X · Balance sheet $3,820,738 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $60,744$145,915
X-2 Savings and temporary cash investmentsStart of year $198,162$675,140
X-3 Pledges and grants receivableStart of year $995,720$1,764,662
X-4 Accounts receivableStart of year $78,979$43,098
X-9 Prepaid expenses and deferred chargesStart of year $19,934$20,563
X-10c Land, buildings and equipment, netStart of year $1,328,794$1,136,880
X-15 Other assetsStart of year $393,447$34,480
X-16 Total assetsStart of year $3,075,780$3,820,738
X-17 Accounts payable and accrued expensesStart of year $251,173$200,397
X-25 Other liabilitiesStart of year $423,419$65,142
X-26 Total liabilitiesStart of year $859,928$445,615
X-27 Net assets without donor restrictionsStart of year $1,870,852$2,175,365
X-28 Net assets with donor restrictionsStart of year $345,000$1,199,758
X-32 Total net assets or fund balancesStart of year $2,215,852$3,375,123
X-33 Total liabilities and net assetsStart of year $3,075,780$3,820,738
Part XI · Reconciliation of net assets $3,375,123 net assets at year end
XI-1 Total revenue$6,460,759
XI-2 Total expenses$5,301,488
XI-3 Revenue less expenses$1,159,271
XI-4 Net assets at start of year$2,215,852
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,375,123

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.