Civic Intelligence

Inspire Arts and Music Inc.

EIN 04-3081057 • 501(c)3 • Boston, MA

Pub. 78 Eligible

Profile

Youth activity-providing music education, travel, and performance opportunities for approximately 18,500 teenagers and young adults.

PO Box 51391Boston, MA 02205

www.inspirearts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.62x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

71st percentile

0.41x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

34th percentile

-0.9%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$215,674

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

27th percentile

-2.4%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

-0.2%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$3,246,525

Down $80,783 (-2.4%) from 2024

Liabilities

Down

$1,998,265

Down $38,413 (-1.9%) from 2024

Net Assets

Down

$1,248,260

Down $42,370 (-3.3%) from 2024

Operations
Liabilities / Revenue71st percentileNet Margin34th percentile

Revenue

Down

$4,900,429

Down $7,910 (-0.2%) from 2024

Expenses

Up

$4,942,799

Up $133,813 (+2.8%) from 2024

Net Income

Down

-$42,370

Down $141,723 (-143%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $304,132Liabilities 2011: $518,399Net Assets 2011: -$214,2672011Assets 2012: $304,831Liabilities 2012: $457,171Net Assets 2012: -$152,3402012Assets 2013: $283,493Liabilities 2013: $566,742Net Assets 2013: -$283,2492013Assets 2014: $800,657Liabilities 2014: $1,058,858Net Assets 2014: -$258,2012014Assets 2015: $1,526,997Liabilities 2015: $1,939,110Net Assets 2015: -$412,1132015Assets 2016: $1,753,397Liabilities 2016: $2,166,700Net Assets 2016: -$413,3032016Assets 2017: $1,827,430Liabilities 2017: $1,971,664Net Assets 2017: -$144,2342017Assets 2018: $2,246,959Liabilities 2018: $2,212,148Net Assets 2018: $34,8112018Assets 2019: $2,429,896Liabilities 2019: $2,230,709Net Assets 2019: $199,1872019Assets 2020: $2,295,545Liabilities 2020: $2,282,076Net Assets 2020: $13,4692020Assets 2021: $3,550,291Liabilities 2021: $2,589,565Net Assets 2021: $960,7262021Assets 2022: $3,281,905Liabilities 2022: $1,884,672Net Assets 2022: $1,397,2332022Assets 2023: $3,284,492Liabilities 2023: $2,093,215Net Assets 2023: $1,191,2772023Assets 2024: $3,327,308Liabilities 2024: $2,036,678Net Assets 2024: $1,290,6302024Assets 2025: $3,246,525Liabilities 2025: $1,998,265Net Assets 2025: $1,248,2602025

Highlighted filing

2025

Assets$3,246,525
Liabilities$1,998,265
Net Assets$1,248,260
Open 2025 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $958,1502011Expenses 2012: $1,293,8732012Revenue 2013: $1,284,018Expenses 2013: $1,268,832Net Income 2013: $15,1862013Revenue 2014: $2,263,512Expenses 2014: $2,129,170Net Income 2014: $134,3422014Revenue 2015: $2,892,263Expenses 2015: $2,963,464Net Income 2015: -$71,2012015Revenue 2016: $2,855,336Expenses 2016: $2,785,253Net Income 2016: $70,0832016Revenue 2017: $3,077,190Expenses 2017: $2,797,061Net Income 2017: $280,1292017Revenue 2018: $3,654,631Expenses 2018: $3,475,586Net Income 2018: $179,0452018Revenue 2019: $3,700,082Expenses 2019: $3,695,330Net Income 2019: $4,7522019Revenue 2020: $1,459,889Expenses 2020: $1,680,107Net Income 2020: -$220,2182020Revenue 2021: $2,909,058Expenses 2021: $2,036,801Net Income 2021: $872,2572021Revenue 2022: $4,525,414Expenses 2022: $4,088,907Net Income 2022: $436,5072022Revenue 2023: $4,260,129Expenses 2023: $4,466,085Net Income 2023: -$205,9562023Revenue 2024: $4,908,339Expenses 2024: $4,808,986Net Income 2024: $99,3532024Revenue 2025: $4,900,429Expenses 2025: $4,942,799Net Income 2025: -$42,3702025

Highlighted filing

2025

Revenue$4,900,429
Expenses$4,942,799
Net Income-$42,370
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,246,525
Liabilities
$1,998,265
Net assets
$1,248,260
Revenue
$4,900,429
Expenses
$4,942,799
Net income
-$42,370
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.25$2.00$1.25$4.90$4.94$0.04
2024Detailed filing. Detailed filing data is available for this year.$3.33$2.04$1.29$4.91$4.81$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.28$2.09$1.19$4.26$4.47$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$1.88$1.40$4.53$4.09$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$2.59$0.96$2.91$2.04$0.87
2020Detailed filing. Detailed filing data is available for this year.$2.30$2.28$0.01$1.46$1.68$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.43$2.23$0.20$3.70$3.70$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.25$2.21$0.03$3.65$3.48$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.83$1.97$0.14$3.08$2.80$0.28
2016Detailed filing. Detailed filing data is available for this year.$1.75$2.17$0.41$2.86$2.79$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.53$1.94$0.41$2.89$2.96$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.80$1.06$0.26$2.26$2.13$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.57$0.28$1.28$1.27$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.46$0.15$1.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.52$0.21$0.96
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Mar 10, 2026
Return Version
2024v5.5
Gross Receipts
$5,252,781
Mission and Program Overview

Mission

Youth activity-providing music education, travel, and performance opportunities for approximately 18,500 teenagers and young adults.

Youth activity-music education and performance opportunities for children & young adults age 6-21.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,353,340$2,361,791▲ $8,451
Intangible Assets$405,209$327,710▼ $77,499
Cash and Non-Interest-Bearing Accounts$90,716$152,133▲ $61,417
Savings and Temporary Cash Investments$126,280$125,518▼ $762
Pledges and Grants Receivable$89,919$116,000▲ $26,081
Inventories for Sale or Use$123,113$51,599▼ $71,514
Prepaid Expenses and Deferred Charges$1,165$36,022▲ $34,857
Accounts Receivable$94,011$15,200▼ $78,811
Other Notes and Loans Receivable, Net$405$0▼ $405
Total Assets$3,327,308$3,246,525▼ $80,783
Other Assets Total$43,150$60,552▲ $17,402
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,485,867$1,500,989▲ $15,122
Accounts Payable and Accrued Expenses$358,072$330,983▼ $27,089
Other Liabilities$184,736$151,222▼ $33,514
Deferred Revenue$8,003$15,071▲ $7,068
Total Liabilities$2,036,678$1,998,265▼ $38,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,290,630$1,248,260▼ $42,370
Total Net Assets Fund Balance$1,290,630$1,248,260▼ $42,370
Total Liabilities and Net Assets / Fund Balance$3,327,308$3,246,525▼ $80,783

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,193,518$379,066$1,572,584
Buildings$682,172$220,094$902,266
Equipment$486,101$387,786$873,887
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris HollandCEO and Executive DirectorFT$165,179$50,495$215,674
Donna MontemagnoChief Financial OfficerFT$112,580$11,196$123,776

Board Members and Trustees

NameTitle
Martin McgeePresident, Executive Committee
Kim Mitchell-potterVice President, Executive Committee
Anil GuptaDirector
Brent McdonaldDirector
Dave HealeyDirector
Dave LafondDirector
Dave ReynoldsDirector
David SurfaceDirector
Denise PurvisDirector
Dolores ZappalaDirector
Greg SmallDirector
Gretchen ChamberlainDirector
JIM O'NEILDirector
Jack ShallowDirector
James LazaroDirector
Jeff BickfordDirector
John CampeseDirector
John SheaDirector
Jon RandallDirector
Josh MalateDirector
Julia CichowskiDirector
Karen DillardDirector
Kelly HartDirector
Kristen WilsonDirector
Lisa SilipignoDirector
Mike KelleyDirector
Nick KlesarisDirector
Nick RuthmannDirector
Paul WardDirector
Rob HardyDirector
Rob McgillDirector
Shige BrownDirector
Charlie JaccoDirector, Executive Committee
Chris MadaioDirector, Executive Committee
Chuck RossiDirector, Executive Committee
Jennifer GoldDirector, Executive Committee
Jim CroninDirector, Executive Committee
Marsha WhitmanDirector, Executive Committee
Melissa GreerDirector, Executive Committee
Michael WoodallDirector, Executive Committee
Mike StevensDirector, Executive Committee
Jeff BajgotSecretary, Executive Committee
David SimonTreasurer, Executive Committee

Highest Paid Contractors

ContractorServicesLocationCompensation
Napaway BusTransportation180 L ST NE, Washington, DC 20002$203,500
Florida ToursTransportation515 N FLAGLER DRIVE SUITE 350, West Palm Beach, FL 33401$197,019
Kevin's WorldwideSupply/services710 CAPOUSE AVE, Scranton, PA 18509$148,279
Revenue and Support

Revenue Composition

Contributions and Grants
$1,497,700
Program Service Revenue
$3,002,176
Investment Income
$-23,182
Other Revenue
$423,735
All Other Contributions
$1,410,732
Change in Net Assets
$-42,370

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table6$397,371Cost
Other Non Cash Contri Table1$48,255Cost
Securities Publicly Traded2$17,500Value on Date Received
Other Non Cash Contri Table1$5,715Cost
Total Noncash Contributions10$468,841-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,900,429
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,900,429
Total Revenue per Form 990
$4,900,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,647,795
Salaries, Compensation, and Employee Benefits$1,295,004
Total Fundraising Expense$35,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$1,258,279$597-$1,258,876
Other Salaries and Wages$687,157$73,551-$760,708
Fees for Services Other$390,248$39,616-$429,864
Current Officers, Directors, Trustees, and Key Employees$254,310$76,645$32,348$363,303
Depreciation Depletion$250,618--$250,618
Other Expenses$89,880$255$2,162$92,297
Insurance$83,703$3,000$1,300$88,003
Payroll Taxes$28,945$54,013-$82,958
Other Employee Benefits$9,422$62,762-$72,184
Interest$38,876$28,257-$67,133
Office Expenses$40,546$9,882-$50,428
Fees for Services Accounting-$39,276-$39,276
Information Technology$25,399$5,553-$30,952
Occupancy$9,223$17,386-$26,609
Pension Plan Contributions$1,976$13,875-$15,851
Conferences and Meetings$5,946--$5,946
Advertising$138--$138
Total Functional Expenses$4,480,783$426,206$35,810$4,942,799

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,942,799
Total Expenses per Audited Statements$4,942,799
Total Expenses per Form 990$4,942,799
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,043
Gaming Gross Income$12,460
Fundraising Direct Expenses$7,065
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$57,411$19,043$5,409$13,634
Total Events$57,411$19,043$7,065$11,978
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael WoodallBoard Member and Owner of FleetwoodIN FISCAL YEAR 2016, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH FLEETWOOD SOUNDS, LLC (FLEETWOOD), WHICH IS OWNED BY A BOARD MEMBER. THE AGREEMENT STATES THAT THE ORGANIZATION WILL BE THE EXCLUSIVE DEALER OF ALL FLEETWOOD PRODUCTS AND WILL MANAGE ITS DAY-TO-DAY OPERATIONS BY HOSTING FLEETWOOD'S BUSINESS OPERATIONS, PERFORMING FINANCIAL ACCOUNTING, MARKETING, WEB AND ONLINE PRESENCE. ALL PHYSICAL AND INTELLECTUAL PROPERTIES OF FLEETWOOD WILL BE MANAGED BY, AND ALL REVENUES AND EXPENSES WILL BE REALIZED BY, THE ORGANIZATION. EITHER PARTY MAY TERMINATE THE AGREEMENT BY GIVING 90 DAYS WRITTEN NOTICE.No$5,170
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Related Party$151,222
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Inspire arts & music investment club (iamic) is organized as a general partnership domiciled in the state of new hampshire. It operates under its own by-laws and a majority of its partners also sit on the board of trustees of the organization. The primary purpose of iamic is to generate capital funding for the organization through investments in the form of promissory notes with the organization. At year end, $184,736 was owed to iamic.”

Form 990, Part VI, Section A, Line 2

“Chris stevens and michael stevens have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization maintains a conflict of interest policy which is reviewed at the annual board meeting.”

Form 990, Part VI, Section B, Line 15

“Annual review of executive director compensation-who is the only key employee and paid member of top management.”

Form 990, Part VI, Section C, Line 19

“Information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Inspire Arts and Music Inc
EIN
04-3081057
Phone
6172684600
Address
PO BOX 51391, BOSTON, MA 02205

Signing Officer

Name
David Lafond
Title
Chair of Audit & Finance Committee
Phone
6172684600
Signed
2026-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Lafond
Formed
1990
Legal Domicile
Ma
Voting Board Members
43
Independent Board Members
43
Employees
27
Volunteers
50

Preparer

Firm
Cbiz Advisors LLC
Address
53 STATE STREET 17TH FLOOR, BOSTON, MA 02109
Preparer
Douglas Farrington
Phone
6178075000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as an organization described in irc section 501(c)(3), qualifies for charitable contribution deductions, and has been determined not to be a private foundation. The organization is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The organization accounts for uncertain tax provisions under fasb asc 740, income taxes, which provides a framework for how entities should recognize, measure, present, and disclose uncertain tax positions in their financial statements. The organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management has reviewed the organization's reporting and believes they have not taken tax positions that are more likely than not to be determined to be incorrect by the irs and, therefore, no adjustments or disclosures are required. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.”

Raw XML AppendixShowing 400 of 935 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm30CHUCK ROSSI
IRS990/Form990PartVIISectionAGrp/PersonNm31NICK RUTHMANN
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IRS990/Form990PartVIISectionAGrp/PersonNm33JOHN SHEA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR, EXECUTIVE COMMITTEE

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