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Nonprofit · EIN 56-2403601

INSPIRE THE FIRE

Tax-exempt · CHARLOTTE, NC 28269

Financials

$7K$48K2023
Revenue Expenses · by fiscal year end
Financials of INSPIRE THE FIRE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$7,150$47,918-$40,768$63,038$171$62,867
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$3,824
Program service revenue
$3,326
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$13
Accounting fees
$2,908
Occupancy
$8,162
Travel
$2,536
Depreciation
$1,372
Program services (functional)
$44,345
Management and general (functional)
$3,573

Balance sheet and other

Total assets, start of year
$103,736
Total assets, end of year
$63,038
Total liabilities, end of year
$171
Net assets, end of year
$62,867
Land, buildings and equipment
$559
Net assets without donor restrictions
$62,867
Gross receipts
$7,150
Employees
0
Volunteers
20
Year formed
2004
State of legal domicile
NC

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
TONICIA MULLINSSECRETARY
Trustee or director
15$16,200
DENNIS REED JRCEO
Officer
15$3,000
MONICA BACONCHAIRMAN/TRE
Trustee or director, Officer
7$0
MELANIE PRATTCO-CHAIRMAN
Trustee or director, Officer
2$0
JERRI REEDEMERITUS AT
Trustee or director
3$0
DENNIS REED SREMERITUS AT
Trustee or director
2$0
JONATHAN STEWARTBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
3811 YORKFORD DR, CHARLOTTE, NC 28269-8948
In care of
% DENNIS E REED JR
Mailing address (990-N for 2025)
3811 Yorkford Drive, Charlotte NC 28269
Principal officer (990 for 2023)
DENNIS REED JR
Principal officer (990-N for 2025)
Dennis Reed Jr, 3811 Yorkford Drive, Charlotte NC 28269
Signed the 990
DENNIS REED JR, CEO
Phone
(704) 335-2395
Return prepared by
RH CPAS PLLC

Mission

INSPIRE THE FIRE INC. IS A NON-PROFIT ORGANIZATION THAT PROVIDES STUDENTS, AGES 10 - 19, COACHING IN ARTISTIC DEVELOPMENT, LIFE SKILLS AND COMMUNITY ENGAGEMENT. EACH PARTICIPANT IS REQUIRED TO CHOOSE AN ARTISTIC MAJOR OF CONCENTRATION. CURRENT MAJORS INCLUDE: DANCE, VOICE, THEATER, SPOKEN WORD, RAP AND VISUAL ARTS. PARTICIPANTS ARE GUIDED IN THEIR MAJOR AND SUPPORTED BY OUR ENTIRE TEAM TO LEARN AND GROW AS INDIVIDUALS. THE ORGANIZATION MEETS AND PRACTICES BI-WEEKLY AND PERFORM IN CHARLOTTE, NC, AND SURROUNDING AREAS YEAR ROUND. EACH YEAR, INSPIRE THE FIRE HELPS NEARLY 400 YOUTH PREPARE FOR THEIR FUTURE. MISSION: HELP YOUNG PEOPLE SUCCEED ON STAGE AND IN LIFE.

990 for the year ended December 31, 2023

Program accomplishments

  • FIRE HIGH IS THE ORGANIZATION'S YEAR-ROUND PROGRAM OFFERING ARTISTIC TRAINING TO YOUTH AGES 10-19 IN THE AREAS OF DANCE, VOICE, AND DRAMA UNDER THE COACHING OF INDUSTRY PROFESSIONALS. STUDENTS MEET MINIMUM OF TWO TIMES EACH MONTH, FOR FOUR HOUR DAYS. FIRE HIGH ALSO INCLUDES LIFE SKILLS COACHING FROM ITF HOPE COACHES AND INCLUDES A HOST OF SOCIAL ACTIVITIES AND COMMUNITY OUTREACH EVENTS.
  • AT X-PERIENCE THE STUDENTS RECEIVE WORKSHOPS IN SINGING, DANCE, THEATRE, VISUAL ARTS, AND RAP/SPOKEN WORD. THE WEEKLONG PROGRAM INCLUDES MULTIPLE EVENTS FOR PARTICIPATING YOUTH INCLUDING: SPECIAL GUEST APPEARANCES, MOTIVATIONAL SPEAKERS, TEAM BUILDING, AND CONCLUDES WITH A FINAL PERFORMANCE SPOTLIGHTING YOUTH TALENT AT CPCC'S HALTON THEATER
    Expenses $37,678
  • OTHER PROGRAMS AND EVENTS SPONSORED BY THE ORGANIZATION.
    Expenses $6,667

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-N on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-2403601
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
2006
Accounting year ends
December
Files
Form 990-N (e-Postcard)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: Dennis Reed Jr
December 31, 2025≤ $50,000 receipts––e-Postcard
990-N for 2024
Officer: Dennis Reed Jr
December 31, 2024≤ $50,000 receipts––e-Postcard
990December 2023$7,150$47,918$63,038XML
990December 2022$18,236$31,761$103,736IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2017
Officer: Dennis E Reed Jr
December 31, 2017≤ $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 56-2403601).

Questions about INSPIRE THE FIRE

What is the EIN of INSPIRE THE FIRE?
The employer identification number (EIN) of INSPIRE THE FIRE is 56-2403601.
Is INSPIRE THE FIRE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to INSPIRE THE FIRE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSPIRE THE FIRE file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of INSPIRE THE FIRE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSPIRE THE FIRE last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of INSPIRE THE FIRE?
The 990 for the year ended December 31, 2023 names DENNIS REED JR.
Who are the officers and directors of INSPIRE THE FIRE?
The 990 for the year ended December 31, 2023 lists 7 people; 2 received compensation from the organization, the highest $16,200 (TONICIA MULLINS, SECRETARY).
How much revenue does INSPIRE THE FIRE have?
On its 990 for the year ended December 31, 2023 it reported revenue of $7,150, expenses of $47,918 and total assets of $63,038 at year end.

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