Inspiration Academy
Legal name: 21St Century Ministries Inc
Nonprofit profile at a glance
- EIN
- 471557521
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Bradenton, FL, USA
- Phone
- (941) 795-5466 (LIONS)
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Protestant
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,267,549
- Expenses
- $4,791,747
- Assets
- $1,063,921
- Liabilities
- $871,338
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- EDDIE SPEIR (DIRECTOR AND CHAIRMAN): $72,004 total reported compensation
- CLAIRE SPEIR (DIRECTOR): $53,572 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to help students discover and develop their God-given gifts while growing in faith, character, and purpose, through a Christ-centered education that partners with families in developing students academically, spiritually, and personally. We are honored that you are considering Inspiration Academy for your family. By visiting our website, you have already taken the first step toward discovering a Christ-centered education that partners with families in developing students academically, spiritually, and personally. At Inspiration Academy, we believe education is about more than academics. Our mission is to help students discover and develop their God-given gifts while growing in faith, character, and purpose. Through rigorous academics, biblical teaching, intentional discipleship, and meaningful mentorship, we strive to equip students to impact the world for Christ. Our...
What it reported doing in 2024
The school grew its enrollment in the past three years in its goal to serve more families in the community. Additionally, the academy continued to grow the newer sports to provide more opportunities for students to be part of teams and to be stretched beyond what they think is possible. The school expanded its drama offering providing students opportunties for students to participate in two plays and in a musical in the past year.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Accountability: 69
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.2%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.3%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 19.4% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 17.9% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 23.8% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 96.2% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4.6M in reported program spending
- Leadership: top reported pay $72K · 3 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.