Inspire Innovation Lab: Nonprofit Profile, Financials & Form 990 (EIN 47-0973679)

Revenue by fiscal year
FY2022	$289K
FY2023	$391K
FY2024	$401K

Expenses by fiscal year
FY2022	$273K
FY2023	$383K
FY2024	$417K

Net assets by fiscal year
FY2022	$9K
FY2023	$17K
FY2024	$1K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.

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

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $378K Management & general 9% · $39K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Ruth Buffalo

Board Member

$0Pt VII · Sec A

Lillian Jones

Board Member

$0Pt VII · Sec A

Carrie Leopold

Pres/Board C

$0Pt VII · Sec A

Allen Ralston

Vice Preside

$0Pt VII · Sec A

Patricia Smith

Board Member

$0Pt VII · Sec A

Latha Swenson

Board Member

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Empowers underrepresented groups through teacher training, student programs, and innovative learning for educational impact.

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Provided by the organization

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1 program · $378K · in their own filed words · FY2023

01

Develop and provide stem educational resources and stem continuing education to instructors, develop and implement stem, entrepreneurial, and art educational programs and support to primary and secondary students, develop and implement stem, entrepreneurial, and art educational programs to the community, and foster a network of community…

$378Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Fargo-Moorhead Area Foundation CorporationFY2024$10K

Fidelity Investments Charitable Gift FundFY2024$10K

Total grants receivedfrom 2 funders$20K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$401K

Ln 12

Fees for servicesLn 2g$374K

Gifts and grantsLn 1h$20K

Other incomeLn 4–11$6K

Money outPt IX

$417K

Ln 25

Programscol B$378K

Managementcol C$39K

Owns and owesPt X

$1K

net assets · Ln 32

Cash and savingsLn 1–2$9K

Total assetsLn 16$18K

LiabilitiesLn 26$17K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$20K

Fees for servicesLn 2g$374K

Investment incomeLn 3$274

Other incomeLn 4–11$6K

Total revenueLn 12$401K

Assets in detailPt X, end of year

CashLn 1$9K

SavingsLn 2$67

Cash and savings togetherLn 1–2$9K

Land, buildings, equipmentLn 10c$8K

Total assetsLn 16$18K

LiabilitiesLn 26$17K

Net assetsLn 32$1K

OperationsPt I, VI

EmployeesI 519

VolunteersI 610

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$23K	$9K
Land, buildings, equipmentLn 10c	$15K	$8K
Total assetsLn 16	$38K	$18K
LiabilitiesLn 26	$21K	$17K
Net assetsLn 32	$17K	$1K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$258K	$258K
Payroll taxesLn 10	$20K	$20K
Accounting feesLn 11c	$6K		$6K
Advertising and promotionLn 12	$2K	$2K
Office expensesLn 13	$16K		$16K
OccupancyLn 16	$55K	$55K
InterestLn 20	$1K	$1K
Depreciation, depletion and amortizationLn 22	$6K	$6K
InsuranceLn 23	$11K		$11K
Other expenses (24a–d)Ln 24	$37K	$32K	$5K
All other expensesLn 24e	$4K	$4K	$211
Total functional expensesLn 25	$417K	$378K	$39K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$401K	$417K	−$16K	$1K	990 PDF
FY2023	$391K	$383K	$8K	$17K	990 PDF
FY2022	$289K	$273K	$16K	$9K	990 PDF

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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 FY2024 990 (6 parts)

Part I · Summary $400,645 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $56,846$20,070

I-9 Program service revenuePrior year $334,472$374,482

I-10 Investment incomePrior year $116$274

I-11 Other revenue$5,819

I-12 Total revenuePrior year $391,434$400,645

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $235,794$277,535

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $147,450$139,235

I-18 Total expensesPrior year $383,244$416,770

I-19 Revenue less expensesPrior year $8,190−$16,125

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $400,645 across 6 lines filed

VIII-1f All other contributions, gifts and grants$20,070

VIII-1h Total contributions, gifts and grants$20,070

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $374,482$374,482

VIII-3 Investment incomeExcluded from tax $274$274

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,819$5,819

VIII-12 Total revenueRelated to mission $380,301 · Excluded from tax $274$400,645

Part IX · Statement of functional expenses $416,770 across 11 lines filed

IX-7 Other salaries and wagesPrograms $257,587$257,587

IX-10 Payroll taxesPrograms $19,948$19,948

IX-11c Accounting feesManagement $6,117$6,117

IX-12 Advertising and promotionPrograms $1,787$1,787

IX-13 Office expensesManagement $16,172$16,172

IX-16 OccupancyPrograms $55,388$55,388

IX-20 InterestPrograms $1,142$1,142

IX-22 Depreciation, depletion and amortizationPrograms $6,349$6,349

IX-23 InsuranceManagement $11,278$11,278

IX-24 Other expenses (24a–d)Programs $31,943 · Management $4,741$36,684

IX-24e All other expensesPrograms $4,107 · Management $211$4,318

IX-25 Total functional expensesPrograms $378,251 · Management $38,519 · Fundraising $0$416,770

Part X · Balance sheet $17,637 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $9,522$9,101

X-2 Savings and temporary cash investmentsStart of year $13,975$67

X-10c Land, buildings and equipment, netStart of year $14,819$8,469

X-16 Total assetsStart of year $38,316$17,637

X-25 Other liabilitiesStart of year $21,190$16,636

X-26 Total liabilitiesStart of year $21,190$16,636

X-27 Net assets without donor restrictionsStart of year $17,126$1,001

X-32 Total net assets or fund balancesStart of year $17,126$1,001

X-33 Total liabilities and net assetsStart of year $38,316$17,637

Part XI · Reconciliation of net assets $1,001 net assets at year end

XI-1 Total revenue$400,645

XI-2 Total expenses$416,770

XI-3 Revenue less expenses−$16,125

XI-4 Net assets at start of year$17,126

XI-10 Net assets at end of year$1,001

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Inspire Innovation Lab

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Inspire Innovation Lab

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV