Inspired Harmony INC EIN 83-1379607 Form 990 (PDF) Claim this org

Inspired Harmony INC FY2020 filing

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Presents, supports, and promotes performing arts initiatives. For fiscal year 2020 it reported $163K in revenue, $318K in expenses.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Hamden, CT
Website
inspiredharmony.org
Filings
5 on file (2020–2020)
Revenue
$163KFY2020
Expenses
$318K
Net assets
$0
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-1379607 Public charity (501(c)(3)) Hamden, CT
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Presents, supports, and promotes performing arts initiatives.
Leadership
Karolina Wojteczko · President
Money in and out
$163K revenue, $318K expenses
Bottom line
17% program efficiency
Where the money goes · FY2020
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$318K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$155K
Where spending went · Part IX cols B–D
Program services $0.17 Management & general $0.83
Program efficiency
17%
of spending reaches programs
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-95%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$163K
FY2020
Expenses
$318K
FY2020
Total assets
$447K
FY2020
Total liabilities
$447K
FY2020
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$318K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$155K
Total assetsPt X · Ln 16$447K
Program-expense ratioPt IX · col B17%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInspired Harmony INC
EINHdr · item D83-1379607
Principal addressHdr · item CHamden, CT
WebsiteHdr · item Jinspiredharmony.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A61)
Ruling yearIRS BMFAug 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A

Karolina Wojteczko’s $20K as President is at the 72nd percentile of top reported officer pay among 249 <$100K arts & culture 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021
Alison Pryce$14,125$28,550$24,000
Karolina Wojteczko$20,000$27,000$3,000
Maxfield Heath$19,000$9,500

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.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Supports performing arts

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$163K
Investment income$785
Total revenueLn 12$163K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.17 Management & general $0.83
Program services17%$53K
Management & general83%$265K
Total functional expensesLn 25$318K

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$447K
Total liabilitiesLn 26$447K
Total net assetsLn 32$0
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $47K · Operating expenses/yr $318K
1.8 months
Where the money goes
Program services
Program services $53K · Total expenses $318K
17%
Management & General
Management & general $265K · Total expenses $318K
83%
Fundraising
Fundraising $0 · Total expenses $318K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $163K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $163K · Total revenue $163K
100%
Government reliance
Government grants — · Total revenue $163K
Earned-income share
Program service revenue $0 · Total revenue $163K
0%
Investment reliance
Investment income $785 · Total revenue $163K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $318K
0%
Growth & trend
Revenue growth (YoY)
This year $163K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $163K · Expenses $318K
-95%
Liabilities-to-Assets
Total liabilities — · Total assets $447K
Net-asset ratio
Net assets $0 · Total assets $447K
0%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $447K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karolina Wojteczko · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $318K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $53K · Total expenses $318K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 17%
Overhead ratio 83%
Fundraising cost ratio 0%
Accounting fee ratio 0.1%

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 2 funders$25K

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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
FY2024 (Latest)$31K revenue · ⤓ 990 PDF
FY2023$66K revenue · ⤓ 990 PDF
FY2022$231K revenue · ⤓ 990 PDF
FY2021$101K revenue · ⤓ 990 PDF
FY2020$163K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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