Inspire Me Learning Academy EIN 47-3577758 Form 990 (PDF) Claim this org

Inspire Me Learning Academy

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Provides childcare and meals for 70 low-income families with young children. For fiscal year 2023 it reported $885K in revenue, $976K in expenses, and $164K in net assets.Pt I

Type
Membership association · Human Services
Location
Dayton, OH
Website
www.imladayton.org
Filings
4 on file (2020–2023)
Revenue
$885KFY2023
Expenses
$976K
Net assets
$164K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-3577758 Membership association Dayton, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides childcare and meals for 70 low-income families with young children.
Leadership
Heather L Henning · Chief Executive Director of Operations · $136K
Money in and out
$885K revenue, $976K expenses
Bottom line
-10% operating surplus
Membership & operating revenue · FY2023
Total revenue
$885K
Pt VIII · Ln 12
Total expenses
$976K
Pt IX · Ln 25
Net assets
$164K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$91K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Operating surplus
-10%
revenue over expenses▼ -227% vs prior filing year
Earned revenue
87%
of revenue from program services & dues
Payroll share
72%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$885K
FY2023▼ -8%
Expenses
$976K
FY2023▲ +10%
Total assets
$186K
FY2023▼ -32%
Total liabilities
$22K
FY2023▲ +14%
Total revenue
$885K
Pt VIII · Ln 12
Total expenses
$976K
Pt IX · Ln 25
Net assets
$164K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$91K
Total assetsPt X · Ln 16$186K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInspire Me Learning Academy
EINHdr · item D47-3577758
Principal addressHdr · item CDayton, OH
WebsiteHdr · item Jwww.imladayton.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Director of Operations
$135,577Pt VII · Sec A
Chief Executive Compliance Officer
$94,035Pt VII · Sec A
$4,291Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Heather L Henning’s $136K as Chief Executive Director of Operations is at the 96th percentile of top reported officer pay among 2165 $100K–1M 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $768K of program spending, described in the organization's own filed words · FY2023.
01

Inspire Me Learning Academy provides childcare services to low income families for children 6 weeks to 12 years old. Services include preschool, before and aftercare, tutoring, and summer enrichment. We provide developmentally appropriate education and growth tracking for all students.

$768Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$767K · 87%
Contributions & grants$117K · 13%
Program service revenue87%$767K
Contributions & grants13%$117K
Other revenue$1K
— government grantsLn 1e$58K
Total revenueLn 12$885K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$768K
Management & general21%$208K
Total functional expensesLn 25$976K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$186K
Total liabilitiesLn 26$22K
Total net assetsLn 32$164K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $976K
0.9 months
Where the money goes
Program services
Program services $768K · Total expenses $976K
79%
Management & General
Management & general $208K · Total expenses $976K
21%
Fundraising
Fundraising $0 · Total expenses $976K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $30K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $117K · Total revenue $885K
13%
Government reliance
Government grants $58K · Total revenue $885K
7%
Earned-income share
Program service revenue $767K · Total revenue $885K
87%
Investment reliance
Investment income $0 · Total revenue $885K
0%
Program self-sufficiency
Program service revenue $767K · Total expenses $976K
79%
Growth & trend
Revenue growth (YoY)
This year $885K · Prior year $967K
-8%
Net-asset trend (YoY)
End of year $164K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $885K · Expenses $976K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $186K
Net-asset ratio
Net assets $164K · Total assets $186K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $186K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Heather L Henning · Reported title Chief Executive Director of Operations · Highest reported compensation $136K · Total expenses $976K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $700K · Total expenses $976K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth -8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$108K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$885K revenue · viewing · ⤓ 990 PDF
FY2022$967K revenue · ⤓ 990 PDF
FY2021$749K revenue · ⤓ 990 PDF
FY2020$426K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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