Inspire Experiences Corporation

Nonprofit profile at a glance

EIN
842577542
IRS 990 coverage
2020–2022
Forms available
Form 990 2022, Form 990-EZ 2019
Location
Bethany, OK, USA
Phone
4054350193
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Christianity

Reported finances

Revenue
$1,037,100
Expenses
$892,618
Assets
$253,221
Liabilities
$8,687

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Michael McAfee (Director, President)

Highest reported compensation

  • Michael McAfee (Director, President): $75,777 total reported compensation
  • Dale Brantner (Director, Secretary): $50,769 total reported compensation
  • Thomas Yates (Director, Chair, Treasurer): $15,264 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Organization is a cooperative undertaking by churches with shared doctrinal beliefs to lead people to become fully devoted followers of Christ by inspiring Christ-centered Bible exploration and experiences.

What it reported doing in 2022

The Organization seeks to lead people to become fully devoted followers of Christ by inspiring Christ-centered Bible exploration and experiences. The Organization partners with pastors and church leaders to craft memorable and meaningful three to seven day discipleship trips called "Church Experiences." The Church Experience includes a visit to the Museum of the Bible, monuments, and other historical sites and are designed for churches, small groups, and church networks. In addition the Organization periodically conducts "Student Experiences" which provide the opportunity for students to receive religious educational teaching on various topics while being immersed in the history of Washington, D.C. The Student Experiences includes lectures, visits to the Museum of the Bible, monuments, and other historical sites led by the Association's personnel. The Organization also conducts "Leader Experiences" which are intended for businesses, communities, and ministry leaders who want to explore Biblical truths together. While the experiences are the heart of the Organization's activities, the Organization also collaborates with other church networks, Christian ministries, and churches to organize and facilitate large group gatherings.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 94
  • Accountability: 52
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.7%; rating input score 57
  • Program expense ratio: 65.9%; rating input score 66
  • Fundraising efficiency: $8.14 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 13.9%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 43.8% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 61.6% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 51.7% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 56.7% of revenue deployed · 65.9% of spending went to programs
  • Governance: 3 of 6 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $589K in reported program spending
  • Leadership: top reported pay $76K · 6 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 6 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.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.