Nonprofit · EIN 92-2460863
INSPIRING FUTURES INC
Tax-exempt · NEW YORK, NY 10027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $504,192 | $415,641 | $88,551 | $431,703 | $76,715 | $354,988 |
| June 30, 2024 | 990 (amended) | $320,004 | $147,599 | $172,405 | $253,408 | $11,971 | $241,437 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $491,843
- Program service revenue
- $10,201
- Investment income
- $2,148
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $70,000
- Other salaries and wages
- $159,576
- Salaries, compensation and benefits (total)
- $332,757
- Professional fundraising fees
- $0
- Accounting fees
- $18,867
- Occupancy
- $3,526
- Program services (functional)
- $333,814
- Management and general (functional)
- $81,827
Balance sheet and other
- Total assets, start of year
- $278,408
- Total assets, end of year
- $431,703
- Total liabilities, end of year
- $76,715
- Net assets, end of year
- $354,988
- Net assets without donor restrictions
- $354,988
- Gross receipts
- $504,192
- Employees
- 6
- Volunteers
- 2
- Year formed
- 2022
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKY GARALINA | EXECUTIVE DI Trustee or director, Officer | 40 | $70,000 |
| SALEM ABOGHODIEH | GENERAL BOAR Officer | 1 | $0 |
| HENRY LOVE | BOARD PRESID Officer | 1 | $0 |
| SHAWN O'RILEY | GENERAL BOAR Officer | 1 | $0 |
| DORA OWUOR | BOARD SECRET Officer | 1 | $0 |
| TERRENCE SMITH | GENERAL BOAR Officer | 1 | $0 |
| VICTOR TARANTINO | COMPLIANCE O Officer | 1 | $0 |
| NICHOLAS WOO | BOARD TREASU Officer | 1 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKY GARALINA | EXECUTIVE DIRECTOR Trustee or director, Officer, Key employee | 40 | $70,000 |
| HENRY LOVE | BOARD PRESIDENT Officer | 1 | $0 |
| DORA OWUOR | BOARD SECRETARY Officer | 1 | $0 |
| NICHOLAS WOO | BOARD TREASURER Officer | 1 | $0 |
| VICTOR TARANTINO | COMPLIANCE OFFICER Officer | 1 | $0 |
| LOREN MICHAELS | GENERAL BOARD MEMBER Officer | 1 | $0 |
| SHAWN O RILEY | GENERAL BOARD MEMBER Officer | 1 | $0 |
| TERRENCE SMITH | GENERALL BOARD MEMBER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 461 W 126TH ST 5W, NEW YORK, NY 10027-2543
- In care of
- % VICTORIA GARAFOLA
- Principal officer (990 for 2024)
- VICKY GARALINA
- Signed the 990
- VICKY GARALINA, EXECUTIVE DIRECTOR
- Phone
- (929) 376-7537
- Website
- WWW.INSPIRINGFUTURES.US
- Return prepared by
- LEHMAN FLYNN VOLLARO NY CPAS PLLC
Mission
INSPIRING FUTURES WAS FORMED ON NOVEMBER 16, 2022 . THEIR MISSION IS TO IMPROVE HIGH SCHOOL AND COLLEGE EDUCATIONAL OUTCOMES FOR YOUTH WITH CURRENT OR PAST INVOLVEMENT IN THE CHILD WELFARE, HOMELESS, JUVENILE JUSTICE SYSTEMS THROUGH COMPREHENSIVE AND FLEXIBLE MENTAL HEALTH AND ACADEMIC SUPPORT.
Program accomplishments
- INSPIRING FUTURES INC PROVIDES MENTAL HEAL AND EDUCATIONAL SERVICES TO SYSTEM INVOLVED YOUTH AND TRAIN THE COMMUNITY TO INCREASE SUPPORT. THEIR MISSION IS TO INCREASE HIGH SCHOOL AND COLLEGE GRADUATION RATES FOR THIS POPULATION.Expenses $333,814 · revenue $10,201
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2460863
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $431,703
- Income (IRS master file)
- $504,192
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $504,192 | $415,641 | $431,703 | XML |
| 990 | June 2024 | $320,004 | $147,599 | $253,408 | XML |
| 990-EZ | June 2023 | $129,700 | $12,676 | $117,024 | IRS |
| 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 92-2460863).
Questions about INSPIRING FUTURES INC
- What is the EIN of INSPIRING FUTURES INC?
- The employer identification number (EIN) of INSPIRING FUTURES INC is 92-2460863.
- Is INSPIRING FUTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to INSPIRING FUTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSPIRING FUTURES 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 INSPIRING FUTURES INC 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 INSPIRING FUTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INSPIRING FUTURES INC?
- The 990 for the year ended June 30, 2025 names VICKY GARALINA.
- Who are the officers and directors of INSPIRING FUTURES INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $70,000 (VICKY GARALINA, EXECUTIVE DI).
- How much revenue does INSPIRING FUTURES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $504,192, expenses of $415,641 and total assets of $431,703 at year end.
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