Inspire Access

Nonprofit profile at a glance

EIN
883094715
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Potomac, MD, USA
Phone
3017042002
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$3,738,587
Expenses
$810,117
Assets
$8,468,550
Liabilities
$4,700,049

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • PATRICE KING BRICKMAN (PRESIDENT & CEO)

People named in this filing

  • PATRICE KING BRICKMAN (PRESIDENT & CEO)
  • LEROY PINGHO (SECRETARY)
  • ERNITA THOMAS (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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 mobilize philanthropic capital towards for-profit ventures in support of underrepresented founders and communities who have historically lacked access to capital. We advance this by providing pris, fiscal sponsorships, and other founder-friendly tools that channel unrestricted donations into mission-aligned ventures. By bridging donors and entrepreneurs, we expand access to capital, fuel innovation, and advance social equity.

What it reported doing in 2024

In 2024, inspire access fulfilled its public charity mission by mobilizing philanthropic capital to support underrepresented founders and communities who have historically lacked access to capital. We deployed charitable funds to scale our mission, supporting early-stage companies and taking lp positions in mission-aligned funds.the organizations we supported span vital sectors, including health, education, climate resilience, and financial inclusion. Many serve communities that have historically faced barriers to opportunity. Our support helped these ventures grow, attract follow-on investment, and increase visibility across funding and network ecosystems.the deployment of all our funds was driven by our charitable purpose, ensuring each action was mission-first, designed to increase opportunity and reduce systemic inequity. Our model is distinguished by a founder-friendly approach that centers trust, flexibility, and alignment. By minimizing extractive terms and simplifying capital flow, we unlock catalytic support for ventures often excluded by traditional investment or philanthropic pathways.we also launched a model c fiscal sponsorship program, providing operational infrastructure for emerging charitable initiatives led by underrepresented founders. This new offering removes early administrative barriers, enabling founders to pilot and grow mission-driven work without needing to form standalone nonprofits.in parallel, inspire access continued to shape how philanthropy engages with the private sector. Through convenings, advisory work, and fiscal sponsorship, we created new pathways for donors and entrepreneurs to collaborate. These efforts reflect our broader mission: to expand access, reduce friction, and shift how charitable capital flows toward inclusive economic opportunity

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 85% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 88
  • Accountability: 90
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.9%; rating input score 19
  • Program expense ratio: 64.1%; rating input score 64
  • Fundraising efficiency: $35.8 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 93%; rating input score 93; 28th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 78.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 10.45; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 93.5% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 106.8% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 90.1% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 18.9% of revenue deployed · 64.1% of spending went to programs
  • Governance: 5 of 6 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $519K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 19/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.