Civic Intelligence

Inspire Artistic Minds

990EZ • Fiscal year 2019 • EIN 45-5198669

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 29, 2020

12721 Lorna StreetGarden Grove, CA 92841

(714) 673-8117

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

48th percentile

2.3%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

880%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

129%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,539

Up $1,382 (+880%) from 2018

Net Assets

Up

$1,539

Up $1,382 (+880%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$59,543

Up $33,549 (+129%) from 2018

Expenses

Up

$58,160

Up $20,049 (+53%) from 2018

Net Income

Up

$1,383

Up $13,500 (+111%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15K$10K$5.0K$0Assets 2013: $162Liabilities 2013: $02013Assets 2014: $1,943Liabilities 2014: $02014Assets 2016: $504Net Assets 2016: $5042016Assets 2017: $12,274Liabilities 2017: $0Net Assets 2017: $12,2742017Assets 2018: $157Liabilities 2018: $0Net Assets 2018: $1572018Assets 2019: $1,539Liabilities 2019: $0Net Assets 2019: $1,5392019

Highlighted filing

2019

Assets$1,539
Liabilities$0
Net Assets$1,539

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2013: $52,652Expenses 2013: $34,407Net Income 2013: $18,2452013Revenue 2014: $85,332Expenses 2014: $79,447Net Income 2014: $5,8852014Revenue 2016: $9,001Expenses 2016: $8,960Net Income 2016: $412016Revenue 2017: $26,834Expenses 2017: $9,400Net Income 2017: $17,4342017Revenue 2018: $25,994Expenses 2018: $38,111Net Income 2018: -$12,1172018Revenue 2019: $59,543Expenses 2019: $58,160Net Income 2019: $1,3832019

Highlighted filing

2019

Revenue$59,543
Expenses$58,160
Net Income$1,383
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 29, 2020
Return Version
2019v5.0
Gross Receipts
$59,543
Mission and Program Overview

Mission

Inspire Artistic Minds is a nonprofit corporation organized and operated exclusively for charitable purposes. Specifically, this organization has been formed to educate the public on subjects useful to the individual and beneficial to the conununity and to promote the arts and culture. Our organization has designed and developed one (1) program in furtherance of our purposes.

Program Services

DescriptionGrantsExpenses
This charitable organization provides opportunity scholarships and educational experiences to advance the arts in the areas of taste, sight and sound, with a strong focus in the food and beverage industry. IAM encourages the growth of local economy, strengthens small business, and builds up the passionate individuals in varying creative industries.$56,264-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert NavarroPresident-$0--
Leonard ChanVice President-$0--
Geoff KutnickTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Inspire Artistic Minds
EIN
45-5198669
Phone
7146738117
Address
12721 Lorna Street, Garden Grove, CA 92841

Signing Officer

Name
Robert Navarro
Title
President & CEO
Signed
2020-09-29
Discuss with paid preparer
Yes

Preparer

Firm
First Class CPAs LLP
Address
2151 Michelson Drive Suite 200, Irvine, CA 92612
Preparer
Hugo Gonzalez
Phone
9492077055
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $167

Other Expenses.1005

Travel $4004

Other Expenses.1009

Depreciation $49

Other Expenses.1012

Insurance $616

Other Expenses.1

Event Promotions $37418

Other Expenses.2

Meals $8983

Other Expenses.3

General Event Expenses $3241

Other Expenses.4

Telephone $1104

Other Expenses.5

Bank Fees $562

Other Expenses.6

Automobile Expenses $351

Other Expenses.7

Computer Expense $344

Other Expenses.8

Parking and Tolls $130

Other Expenses.9

Charitable Donations $25

Other Expenses.10

Taxes - State $10

Other Assets.1003

Machinery and Equipment - Beginning $49 Machinery and Equipment - Ending $0

Raw XML Appendix167 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt056264
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt036663
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0164852
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $4004
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $49
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $616
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Event Promotions $37418
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Meals $8983
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6General Event Expenses $3241
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telephone $1104
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Fees $562
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Automobile Expenses $351
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Computer Expense $344
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Parking and Tolls $130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Charitable Donations $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Taxes - State $10
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Machinery and Equipment - Beginning $49 Machinery and Equipment - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Navarro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Inspire Artistic Minds
ReturnHeader/Filer/BusinessNameControlTxt0INSP
ReturnHeader/Filer/EIN0455198669
ReturnHeader/Filer/PhoneNum07146738117
ReturnHeader/Filer/USAddress/AddressLine1Txt012721 Lorna Street
ReturnHeader/Filer/USAddress/CityNm0Garden Grove
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092841
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832017677
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0First Class CPAs LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02151 Michelson Drive Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Irvine
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092612
ReturnHeader/PreparerPersonGrp/PhoneNum09492077055
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Hugo Gonzalez
ReturnHeader/ReturnTs02020-09-29T12:33:11-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings