Inspire Artistic Minds
Nonprofit profile at a glance
- EIN
- 455198669
- IRS 990-EZ coverage
- 2016–2019
- Forms available
- Form 990 2018, Form 990-EZ 2019
- Location
- Garden Grove, CA, USA
- Phone
- 7146738117
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $59,543
- Expenses
- $58,160
- Assets
- $1,539
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Robert Navarro (President)
- Leonard Chan (Vice President)
People named in this filing
- Robert Navarro (President)
- Leonard Chan (Vice President)
- Geoff Kutnick (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-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
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.
What it reported doing in 2019
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.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.5%; rating input score 94
- Program expense ratio: 96.7%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 2.3%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 58.7% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 49.7% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: -24.9% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 94.5% of revenue deployed · 96.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $56K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2016 to 2019
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.