Inspire Creative Company FY2022 filing

IRS exemption revoked

Winston Salem, NCPrivate foundation / grantmaker EIN 85-2983441Revenue $25K in FY2022Latest return filed Nov 14, 2024

On file with the IRSWinston Salem, NC

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FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $102 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
990-PF Pt I · 3 filings
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
Spent
$18K
Net assets
$10K
By yearFY2022–FY2024
Revenue
$25K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$25K
FY2023$26K
FY2024$29K
Expenses
$18K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$18K
FY2023$33K
FY2024$29K
Net assets
$10K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$10K
FY2023$3K
FY2024$3K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2023
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 7% · $1K Operating & administrative 93% · $17K

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

The filing lists no officers, directors or key staff.

Programs and updates

A private foundation based in Winston Salem, NC.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 2 grants · $2K · 2023–2023
Christmas for the CityFY2023$1,300
Main Street Baptist ChurchFY2023$650

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$975
Median grantPart XV$1K
Largest grantPart XV$1K

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$25K
Gifts and grants$21K
Other income$4K
Money out
$18K
Grants paid$1K
Running costs$17K
Owns and owes
$10K
net assets
Cash and savings$10K
Total assets$10K
Liabilities$0
2In more detail
Revenue in detail
Gifts and grants$21K
Other income$4K
Total revenue$25K
Assets in detailEnd of year
Cash and savings together$10K
Total assets$10K
Liabilities$0
Net assets$10K
Operations
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2024 $29K$29K$559$3K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $26K$33K−$7K$3K 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2024 $25K$18K$7K$10K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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