Nonprofit · EIN 88-3094715
INSPIRE ACCESS INC
Tax-exempt · POTOMAC, MD 20854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,738,587 | $810,117 | $2,928,470 | $8,468,550 | $4,700,049 | $3,768,501 |
| December 31, 2023 | 990 (amended) | $1,135,203 | $313,206 | $821,997 | $5,630,384 | $4,822,065 | $808,319 |
| December 31, 2023 | 990-EZ | – | – | – | $0 | – | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,505,786
- Program service revenue
- -$32,847
- Investment income
- $265,648
- Net gain from sales of assets
- $56,462
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $78,250
- Other salaries and wages
- $174,622
- Salaries, compensation and benefits (total)
- $194,417
- Professional fundraising fees
- $0
- Legal fees
- $39,696
- Accounting fees
- $15,666
- Travel
- $2,517
- Program services (functional)
- $519,157
- Management and general (functional)
- $193,030
- Fundraising (functional)
- $97,930
Balance sheet and other
- Total assets, start of year
- $5,630,384
- Total assets, end of year
- $8,468,550
- Total liabilities, end of year
- $4,700,049
- Net assets, end of year
- $3,768,501
- Publicly traded securities
- $6,500,288
- Net assets without donor restrictions
- $3,239,246
- Net assets with donor restrictions
- $529,255
- Gross unrelated business income
- $240,618
- Gross receipts
- $5,693,773
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- MD
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 |
|---|---|---|---|
| PATRICE KING BRICKMAN | PRESIDENT & CEO Trustee or director, Officer | 40 | $0 |
| LEROY PINGHO | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERNITA THOMAS | TREASURER Trustee or director, Officer | 1 | $0 |
| HILLARY BALTIMORE | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| ANNE MOSLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICE KING BRICKMAN | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 |
| ERNITA THOMAS | TREASURER Trustee or director, Officer | 1 | $0 |
| LEROY PINGHO | SECRETARY Trustee or director, Officer | 1 | $0 |
| HILLARY BALTIMORE | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| ANNE MOSLE | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICE KING BRICKMAN | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 9001 DURHAM DR, POTOMAC, MD 20854-4615
- Principal officer (990 for 2024)
- PATRICE KING BRICKMAN, 9001 DURHAM DRIVE, POTOMAC, MD 20854
- Signed the 990
- PATRICE KING BRICKMAN, PRESIDENT & CEO
- Phone
- (301) 704-2002
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
OUR MISSION IS TO MOBILIZE PHILANTHROPIC CAPITAL TOWARDS FOR-PROFIT VENTURES IN SUPPORT OF UNDERREPRESENTED FOUNDERS AND COMMUNITIES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL. WE ADVANCE THIS BY PROVIDING PRIS, FISCAL SPONSORSHIPS, AND OTHER FOUNDER-FRIENDLY TOOLS THAT CHANNEL UNRESTRICTED DONATIONS INTO MISSION-ALIGNED VENTURES. BY BRIDGING DONORS AND ENTREPRENEURS, WE EXPAND ACCESS TO CAPITAL, FUEL INNOVATION, AND ADVANCE SOCIAL EQUITY.
Program accomplishments
- IN 2024, INSPIRE ACCESS FULFILLED ITS PUBLIC CHARITY MISSION BY MOBILIZING PHILANTHROPIC CAPITAL TO SUPPORT UNDERREPRESENTED FOUNDERS AND COMMUNITIES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL. WE DEPLOYED CHARITABLE FUNDS TO SCALE OUR MISSION, SUPPORTING EARLY-STAGE COMPANIES AND TAKING LP POSITIONS IN MISSION-ALIGNED FUNDS.THE ORGANIZATIONS WE SUPPORTED SPAN VITAL SECTORS, INCLUDING HEALTH, EDUCATION, CLIMATE RESILIENCE, AND FINANCIAL INCLUSION. MANY SERVE COMMUNITIES THAT HAVE HISTORICALLY FACED BARRIERS TO OPPORTUNITY. OUR SUPPORT HELPED THESE VENTURES GROW, ATTRACT FOLLOW-ON INVESTMENT, AND INCREASE VISIBILITY ACROSS FUNDING AND NETWORK ECOSYSTEMS.THE DEPLOYMENT OF ALL OUR FUNDS WAS DRIVEN BY OUR CHARITABLE PURPOSE, ENSURING EACH ACTION WAS MISSION-FIRST, DESIGNED TO INCREASE OPPORTUNITY AND REDUCE SYSTEMIC INEQUITY. OUR MODEL IS DISTINGUISHED BY A FOUNDER-FRIENDLY APPROACH THAT CENTERS TRUST, FLEXIBILITY, AND ALIGNMENT. BY MINIMIZING EXTRACTIVE TERMS AND SIMPLIFYING CAPITAL FLOW, WE UNLOCK CATALYTIC SUPPORT FOR VENTURES OFTEN EXCLUDED BY TRADITIONAL INVESTMENT OR PHILANTHROPIC PATHWAYS.WE ALSO LAUNCHED A MODEL C FISCAL SPONSORSHIP PROGRAM, PROVIDING OPERATIONAL INFRASTRUCTURE FOR EMERGING CHARITABLE INITIATIVES LED BY UNDERREPRESENTED FOUNDERS. THIS NEW OFFERING REMOVES EARLY ADMINISTRATIVE BARRIERS, ENABLING FOUNDERS TO PILOT AND GROW MISSION-DRIVEN WORK WITHOUT NEEDING TO FORM STANDALONE NONPROFITS.IN PARALLEL, INSPIRE ACCESS CONTINUED TO SHAPE HOW PHILANTHROPY ENGAGES WITH THE PRIVATE SECTOR. THROUGH CONVENINGS, ADVISORY WORK, AND FISCAL SPONSORSHIP, WE CREATED NEW PATHWAYS FOR DONORS AND ENTREPRENEURS TO COLLABORATE. THESE EFFORTS REFLECT OUR BROADER MISSION: TO EXPAND ACCESS, REDUCE FRICTION, AND SHIFT HOW CHARITABLE CAPITAL FLOWS TOWARD INCLUSIVE ECONOMIC OPPORTUNITYExpenses $519,157 · grants $78,250
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
- 88-3094715
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $8,468,550
- Income (IRS master file)
- $5,693,773
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,738,587 | $810,117 | $8,468,550 | XML |
| 990 | December 2023 | $1,135,203 | $313,206 | $5,630,384 | XML |
| 990-EZ | December 2023 | $0 | $0 | $0 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-3094715).
Questions about INSPIRE ACCESS INC
- What is the EIN of INSPIRE ACCESS INC?
- The employer identification number (EIN) of INSPIRE ACCESS INC is 88-3094715.
- Is INSPIRE ACCESS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to INSPIRE ACCESS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRE ACCESS 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 ACCESS 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 ACCESS 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 ACCESS INC?
- The 990 for the year ended December 31, 2024 names PATRICE KING BRICKMAN.
- Who are the officers and directors of INSPIRE ACCESS INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does INSPIRE ACCESS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,738,587, expenses of $810,117 and total assets of $8,468,550 at year end.
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