Civic Intelligence

Inspire Innovation Lab

990EZ • Fiscal year 2017 • EIN 47-0973679

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2017

423 Main AveMoorhead, MN 56560

(218) 477-1370

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

91st percentile

106%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

80%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$72,577

Up $37,393 (+106%) from 2016

Net Assets

$72,577

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$150,996

Up $67,278 (+80%) from 2016

Expenses

Up

$113,601

Up $54,954 (+94%) from 2016

Net Income

Up

$37,395

Up $12,324 (+49%) from 2016

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0-$20KAssets 2016: $35,184Liabilities 2016: $02016Assets 2017: $72,577Net Assets 2017: $72,5772017Assets 2018: $7,196Net Assets 2018: $7,1962018Assets 2019: $22,400Liabilities 2019: $1,2772019Assets 2020: $14,069Liabilities 2020: $17,9002020Assets 2021: $14,458Liabilities 2021: $21,662Net Assets 2021: -$7,2042021Assets 2022: $34,551Liabilities 2022: $25,615Net Assets 2022: $8,9362022Assets 2023: $38,316Liabilities 2023: $21,190Net Assets 2023: $17,1262023Assets 2024: $17,637Liabilities 2024: $16,636Net Assets 2024: $1,0012024

Highlighted filing

2017

Assets$72,577
Liabilities-
Net Assets$72,577

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $83,718Expenses 2016: $58,647Net Income 2016: $25,0712016Revenue 2017: $150,996Expenses 2017: $113,601Net Income 2017: $37,3952017Revenue 2018: $136,311Expenses 2018: $151,091Net Income 2018: -$14,7802018Revenue 2019: $182,631Expenses 2019: $168,704Net Income 2019: $13,9272019Revenue 2020: $149,240Expenses 2020: $174,194Net Income 2020: -$24,9542020Revenue 2021: $203,844Expenses 2021: $207,217Net Income 2021: -$3,3732021Revenue 2022: $289,326Expenses 2022: $273,186Net Income 2022: $16,1402022Revenue 2023: $391,434Expenses 2023: $383,244Net Income 2023: $8,1902023Revenue 2024: $400,645Expenses 2024: $416,770Net Income 2024: -$16,1252024

Highlighted filing

2017

Revenue$150,996
Expenses$113,601
Net Income$37,395
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2017
Return Version
2016v3.1
Gross Receipts
$150,996
Mission and Program Overview

Mission

To provide professional development, student programming, and innovative learning experiences for teachers, students and the community in an effort to achieve widespread educational impact with a focus toward the empowerment of underrepresented groups.

Program Services

DescriptionGrantsExpenses
DEVELOP AND PROVIDE STEM EDUCATIONAL RESOURCES AND STEM CONTINUING EDUCATION TO INSTRUCTORS, DEVELOP AND IMPLEMENT STEM, ENTREPRENEURIAL, AND ART EDUCATIONAL PROGRAMS AND SUPPORT TO PRIMARY AND SECONDARY STUDENTS, DEVELOP AND IMPLEMENT STEM, ENTREPRENEURIAL, AND ART EDUCATIONAL PROGRAMS TO THE COMMUNITY, AND FOSTER A NETWORK OF COMMUNITY BUSINESSES SEEKING TO PROVIDE VOLUNTEER, FINANCIAL, AND MENTORING ASSETS TO INCREASE STEM ENTREPRENEURIAL AND ART FLUENCY WITHIN THE EDUCATIONAL MILIEU OF THE REGION.-$68,508
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARRIE LEOPOLDPres/Board C-$0--
CHRIS ORTHVice Preside-$0--
LILLIAN JONESBoard Member-$0--
RUTH BUFFALOBoard Member-$0--
JASON BAUMGARTNERBoard Member-$0--
JENNIFER ARANDASecretary-$0--
TONY BORMANNBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Inspire Innovation Lab
EIN
47-0973679
Phone
2184771370
Address
423 MAIN AVE, MOORHEAD, MN 56560

Signing Officer

Name
Carrie Leopold
Title
Pres/board Chair
Phone
2184771370
Signed
2017-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Padgett Business Services
Address
3509 INTERSTATE BLVD S STE F, FARGO, ND 58106-2248
Preparer
Daniel D Hoefs Ea
Phone
7013649650
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Church rent 4,020 other income - interest 24 total 4,044

Form 990-ez, Part I, Line 16

Expenses marketing 4,260 office 3,226 insurance 2,186 lab supplies 7,663 repairs & maintenance 601 small equipment 985 credit card process fees 216 lab supplies - reimbursed 2,873 contract labor 20,627 bank service charges 400 postage and deliver 53 printing & reproduction 95 telephone 657 equipment lease/rental 836 software and computer 430 water 548 meals 1,002 charitable contributions 775 total 47,433

Form 990-ez, Part II, Line 24

1,488 1,488 less accumulated depreciation 1,488 1,488 total 0 0

Form 990-ez, Part III

To provide professional development, student programming, and innovative learning experiences for teachers, students and the community in an effort to achieve widespread educational impact with a focus toward the empowerment of underrepresented groups.

Form 990-ez, Part III, Line 28

Develop and provide stem educational resources and stem continuing education to instructors, develop and implement stem, entrepreneurial, and art educational programs and support to primary and secondary students, develop and implement stem, entrepreneurial, and art educational programs to the community, and foster a network of community businesses seeking to provide volunteer, financial, and mentoring assets to increase stem entrepreneurial and art fluency within the educational milieu of the region.

Raw XML Appendix143 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHURCH RENT 4,020 OTHER INCOME - INTEREST 24 TOTAL 4,044
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES MARKETING 4,260 OFFICE 3,226 INSURANCE 2,186 LAB SUPPLIES 7,663 REPAIRS & MAINTENANCE 601 SMALL EQUIPMENT 985 CREDIT CARD PROCESS FEES 216 LAB SUPPLIES - REIMBURSED 2,873 CONTRACT LABOR 20,627 BANK SERVICE CHARGES 400 POSTAGE AND DELIVER 53 PRINTING & REPRODUCTION 95 TELEPHONE 657 EQUIPMENT LEASE/RENTAL 836 SOFTWARE AND COMPUTER 430 WATER 548 MEALS 1,002 CHARITABLE CONTRIBUTIONS 775 TOTAL 47,433
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21,488 1,488 LESS ACCUMULATED DEPRECIATION 1,488 1,488 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE PROFESSIONAL DEVELOPMENT, STUDENT PROGRAMMING, AND INNOVATIVE LEARNING EXPERIENCES FOR TEACHERS, STUDENTS AND THE COMMUNITY IN AN EFFORT TO ACHIEVE WIDESPREAD EDUCATIONAL IMPACT WITH A FOCUS TOWARD THE EMPOWERMENT OF UNDERREPRESENTED GROUPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEVELOP AND PROVIDE STEM EDUCATIONAL RESOURCES AND STEM CONTINUING EDUCATION TO INSTRUCTORS, DEVELOP AND IMPLEMENT STEM, ENTREPRENEURIAL, AND ART EDUCATIONAL PROGRAMS AND SUPPORT TO PRIMARY AND SECONDARY STUDENTS, DEVELOP AND IMPLEMENT STEM, ENTREPRENEURIAL, AND ART EDUCATIONAL PROGRAMS TO THE COMMUNITY, AND FOSTER A NETWORK OF COMMUNITY BUSINESSES SEEKING TO PROVIDE VOLUNTEER, FINANCIAL, AND MENTORING ASSETS TO INCREASE STEM ENTREPRENEURIAL AND ART FLUENCY WITHIN THE EDUCATIONAL MILIEU OF THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02184771370
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ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings