Nonprofit · EIN 16-1599412
INSPIRE S-VE INC
Tax-exempt · SPENCER, NY 14883
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $91,587 | $78,922 | $12,665 | $607,319 | $19,548 | $587,771 |
| December 31, 2023 | 990 | $180,624 | $184,966 | -$4,342 | $585,251 | $19,476 | $565,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $46,625
- Program service revenue
- $23,381
- Investment income
- $15,558
- Net rental income
- $6,023
- Net gain from sales of assets
- $82
- Other revenue
- $6,023
Expenses
- Grants and similar amounts paid
- $7,452
- Compensation of officers, directors and key employees
- $19,698
- Salaries, compensation and benefits (total)
- $21,964
- Professional fundraising fees
- $0
- Accounting fees
- $2,669
- Occupancy
- $13,525
- Depreciation
- $8,106
- Program services (functional)
- $67,753
- Management and general (functional)
- $10,119
- Fundraising (functional)
- $1,050
Balance sheet and other
- Total assets, start of year
- $585,251
- Total assets, end of year
- $607,319
- Total liabilities, end of year
- $19,548
- Net assets, end of year
- $587,771
- Land, buildings and equipment
- $200,395
- Publicly traded securities
- $239,005
- Net assets without donor restrictions
- $545,484
- Net assets with donor restrictions
- $42,287
- Gross receipts
- $93,564
- Employees
- 1
- Volunteers
- 15
- Year formed
- 2000
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bonnie Thomas | Director of CFC Key employee | 12 | $19,698 |
| Erica Lilly | President Officer | 15 | $0 |
| Sean Lanning | VP Officer | 3 | $0 |
| Jean Fisher | Secretary Officer | 3 | $0 |
| Cynthia Reuter | Treasurer Officer | 5 | $0 |
| Lee Haefele | Board Member Trustee or director | 1 | $0 |
| John Palomaki | Emeritus Trustee or director, Former | 1 | $0 |
| David Jackson | Board Member Trustee or director | 1 | $0 |
| Tyler Lawrence | Board Member Trustee or director | 1 | $0 |
| Zaan Austen | Board Member Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Erica Lilly | President Officer | 15 | $0 |
| Sean Lanning | VP Officer | 3 | $0 |
| Jean Fisher | Secretary Officer | 3 | $0 |
| Cynthia Reuter | Treasurer Officer | 5 | $0 |
| Lee Haefele | Board Member Trustee or director | 1 | $0 |
| John Palomaki | Emeritus Trustee or director, Former | 1 | $0 |
| David Jackson | Board Member Trustee or director | 1 | $0 |
| Jennifer Moraczewski | Board Member Trustee or director | 1 | $0 |
| Bonnie Thomas | Director of CFC Key employee | 12 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 600, SPENCER, NY 14883-0600
- Principal officer (990 for 2024)
- Cynthia Reuter, 576 Fisher Settlement Rd, Spencer, NY 14883
- Signed the 990
- Cynthia Reuter, Treasurer
- Phone
- (607) 351-5538
- Website
- www.inspiresve.com
- Return prepared by
- SIMONETTA ANTENUCCI CPA
Mission
See Statement Attached.
Program accomplishments
- Program Expense include the following: Taste & Tunes, Art Cafe, Xmas Adopted Family, Senior Lunch Program, Music in the Park, Grants & related. See additional statement attached:Expenses $11,062 · grants $7,452 · revenue $547
- Sponsored Funds include the following: Collins Memorial, Childrens Fund, Cronkhite Memorial, Graduation Project, Principal Acct-Elementary, NPPBP, Willcox Memorial and Waynes Run Fund. See additional statement attached:Expenses $10,842 · revenue $10,129
- Community Fitness Ctr-see additional statement attached.Expenses $45,849 · revenue $22,831
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1599412
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $607,319
- Income (IRS master file)
- $93,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $91,587 | $78,922 | $607,319 | XML |
| 990 | December 2023 | $180,624 | $184,966 | $585,251 | XML |
| 990 | December 2022 | $81,045 | $57,123 | $563,758 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 16-1599412).
Questions about INSPIRE S-VE INC
- What is the EIN of INSPIRE S-VE INC?
- The employer identification number (EIN) of INSPIRE S-VE INC is 16-1599412.
- Is INSPIRE S-VE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to INSPIRE S-VE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRE S-VE INC 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 S-VE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSPIRE S-VE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSPIRE S-VE INC?
- The 990 for the year ended December 31, 2024 names Cynthia Reuter.
- Who are the officers and directors of INSPIRE S-VE INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $19,698 (Bonnie Thomas, Director of CFC).
- How much revenue does INSPIRE S-VE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $91,587, expenses of $78,922 and total assets of $607,319 at year end.
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