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Inspired For Excellence Academy Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Primary, Elementary Schools (NTEE)

Details

According to its July 2019 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.75M (2019)

Expenses
$1.42M (2019)

Total Assets
$502k (2019)

Total Liabilities
$2.53M (2019)

Source: Form 990 tax filings from 2010 to 2019

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,750,562
Expenses
$1,422,633
Net Income
$327,929
Net Assets
-$2,031,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $161,630
9.2%
Program Services $1,587,303
90.7%
Investment Income $129
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,500
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,046,342
73.5%
Assets/Debt
Total Assets $502,277
Total Liabilities $2,533,406
Net Assets -$2,031,129
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paula Harris (President) $0 $0 $0
Opal Brandy (Secretary) $0 $0 $0
James Douglas (Treasurer) $0 $0 $0
John Rudley (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,667,475
Expenses
$1,674,203
Net Income
-$6,728
Net Assets
-$2,359,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,667,475
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $919,101
54.9%
Assets/Debt
Total Assets $365,382
Total Liabilities $2,724,440
Net Assets -$2,359,058

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$930,638
Expenses
$1,319,005
Net Income
-$388,367
Net Assets
-$2,352,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $930,638
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $533,348
40.4%
Assets/Debt
Total Assets $56,156
Total Liabilities $2,408,486
Net Assets -$2,352,330

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$784,389
Expenses
$1,199,155
Net Income
-$414,766
Net Assets
-$1,963,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $784,389
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $414,408
34.6%
Assets/Debt
Total Assets $284,985
Total Liabilities $2,248,948
Net Assets -$1,963,963
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lois Bullock Bullock (Head Of Schools) $100,000 $0 $0
Brandy Opal (Treasurer) $0 $0 $0
James Douglas (President) $0 $0 $0

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,336,669
Expenses
$1,723,954
Net Income
-$387,285
Net Assets
-$1,549,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,336,669
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $677,333
39.3%
Assets/Debt
Total Assets $330,702
Total Liabilities $1,879,899
Net Assets -$1,549,197
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lois Bullock (Head Of Schools) $100,000 $0 $0
Atty Melvin Houston (President) $0 $0 $0
Brandy Opal (Treasurer) $0 $0 $0
Joyce Bethany (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,037,559
Expenses
$1,702,142
Net Income
-$664,583
Net Assets
-$1,161,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,037,559
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $494,782
29.1%
Assets/Debt
Total Assets $404,797
Total Liabilities $1,566,709
Net Assets -$1,161,912
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lois Bullock (Head Of Schools) $100,000 $0 $0
Atty Melvin Houston (President) $0 $0 $0
Brandy Opal (Treasurer) $0 $0 $0
Joyce Bethany (Seceretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$753,080
Expenses
$1,080,836
Net Income
-$327,756
Net Assets
$262,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $753,080
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $498,399
46.1%
Assets/Debt
Total Assets $1,166,121
Total Liabilities $903,319
Net Assets $262,802

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$979,919
Expenses
$1,072,283
Net Income
-$92,364
Net Assets
$605,880
Notable Sources of Revenue Percent of Total Revenue
Contributions $978,046
99.8%
Program Services $2
0.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,871
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $405,250
37.8%
Assets/Debt
Total Assets $1,121,796
Total Liabilities $515,916
Net Assets $605,880

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,162,340
Expenses
$942,245
Net Income
$220,095
Net Assets
$699,070
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,161,267
99.9%
Program Services $0
Investment Income $1,073
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $488,285
51.8%
Assets/Debt
Total Assets $1,615,279
Total Liabilities $916,209
Net Assets $699,070

Document Links

Fiscal Year Ending July
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$595,160
Expenses
$669,258
Net Income
-$74,098
Net Assets
$654,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $594,814
99.9%
Program Services $0
Investment Income $346
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $553,331
82.7%
Assets/Debt
Total Assets $1,184,015
Total Liabilities $529,824
Net Assets $654,191

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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