Nonprofit · EIN 47-0973679
INSPIRE INNOVATION LAB
Tax-exempt · MOORHEAD, MN 56560
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $400,645 | $416,770 | -$16,125 | $17,637 | $16,636 | $1,001 |
| June 30, 2023 | 990 | $391,434 | $383,244 | $8,190 | $38,316 | $21,190 | $17,126 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $20,070
- Program service revenue
- $374,482
- Investment income
- $274
- Other revenue
- $5,819
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $257,587
- Salaries, compensation and benefits (total)
- $277,535
- Professional fundraising fees
- $0
- Accounting fees
- $6,117
- Occupancy
- $55,388
- Depreciation
- $6,349
- Program services (functional)
- $378,251
- Management and general (functional)
- $38,519
Balance sheet and other
- Total assets, start of year
- $38,316
- Total assets, end of year
- $17,637
- Total liabilities, end of year
- $16,636
- Net assets, end of year
- $1,001
- Land, buildings and equipment
- $8,469
- Net assets without donor restrictions
- $1,001
- Gross receipts
- $400,645
- Employees
- 18
- Volunteers
- 6
- Year formed
- 2014
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUTH BUFFALO | BOARD MEMBER Trustee or director | – | $0 |
| LILLIAN JONES | BOARD MEMBER Trustee or director | – | $0 |
| CARRIE LEOPOLD | PRES/BOARD C Trustee or director, Officer | – | $0 |
| ALLEN RALSTON | VICE PRESIDE Trustee or director, Officer | – | $0 |
| PATRICIA SMITH | BOARD MEMBER Trustee or director | – | $0 |
| LATHA SWENSON | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUTH BUFFALO | BOARD MEMBER Trustee or director | – | $0 |
| LILLIAN JONES | BOARD MEMBER Trustee or director | – | $0 |
| CARRIE LEOPOLD | PRES/BOARD C Trustee or director, Officer | – | $0 |
| ALLEN RALSTON | VICE PRESIDE Trustee or director, Officer | – | $0 |
| PATRICIA SMITH | BOARD MEMBER Trustee or director | – | $0 |
| LATHA SWENSON | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 810 4TH AVE S, MOORHEAD, MN 56560-2800
- In care of
- % CARRIE LEOPOLD
- Mailing address (990-N for 2014)
- 510 Center Ave, Moorhead MN 56560
- Principal officer (990 for 2023)
- CARRIE LEOPOLD, 810 4TH AVE S SUITE 101, MOORHEAD, MN 56560
- Principal officer (990-N for 2014)
- Carrie Leopold, 713 8th Ave West, West Fargo ND 58078
- Signed the 990
- CARRIE LEOPOLD, PRES/BOARD CHAIR
- Phone
- (218) 477-1370
- Website
- www.inspireinnovationlab.org
- Return prepared by
- PADGETT
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 accomplishments
- 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.Expenses $378,251 · revenue $374,482
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0973679
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $17,637
- Income (IRS master file)
- $400,645
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $400,645 | $416,770 | $17,637 | XML |
| 990 | June 2023 | $391,434 | $383,244 | $38,316 | XML |
| 990 | June 2022 | $289,326 | $273,186 | $34,551 | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
| 990-EZ | June 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: Carrie Leopold | June 30, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0973679).
Questions about INSPIRE INNOVATION LAB
- What is the EIN of INSPIRE INNOVATION LAB?
- The employer identification number (EIN) of INSPIRE INNOVATION LAB is 47-0973679.
- Is INSPIRE INNOVATION LAB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to INSPIRE INNOVATION LAB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRE INNOVATION LAB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSPIRE INNOVATION LAB due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSPIRE INNOVATION LAB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of INSPIRE INNOVATION LAB?
- The 990 for the year ended June 30, 2024 names CARRIE LEOPOLD.
- Who are the officers and directors of INSPIRE INNOVATION LAB?
- The 990 for the year ended June 30, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does INSPIRE INNOVATION LAB have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $400,645, expenses of $416,770 and total assets of $17,637 at year end.
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