2020-05-13T11:19:46-05:00 2019-06-30 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2018-07-01 363673980 Inspiration Corporation INSP 7738780981 4554 N Broadway No 207 Chicago IL 60640 Shannon K Stewart Executive Director 7738780981 2020-05-08 1 Paul Betlinski P01960501 7737794720 2020-05-08 96.84.64.45 2020-05-08 10:20:56 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2021-01-29 14:40:06Z Shannon K Stewart 4554 N Broadway No 207 Chicago IL 60640 3840856 0 X www.inspirationcorp.org X 1989 IL Social services, employment training and placement, and housing for homeless people 16 16 70 950 0 0 3256232 3278624 563570 443741 74 3265 74275 75396 3894151 3801026 564647 558288 0 0 2055039 2111986 0 0 411261 1372374 1247862 3992060 3918136 -97909 -117110 2721835 2542209 783794 721278 1938041 1820931 X Inspiration Corporation's mission is to help people who are affected by homelessness and poverty, to improve their lives and increase self-sufficiency through the provision of social services, employment training and placement, and housing. Additionally, the Foodservice Training program, operated within Inspiration Corporation's restaurants, provides skill-specific job training and employment placement.5840 S. Dr. Martin Luther King Jr. Drive, LLC provides affordable and permanent supportive housing to low-income families, including those experiencing homelessness, in Chicago. 0 0 1781283 475975 100175 Housing Services program provides formerly homeless individuals and families with an apartment and the wraparound services and support they need to make their new place a home.Case managers connect with individuals and families experiencing homelessness, help them identify a new home, and work with their new landlord to make sure that they transition smoothly into their unit. We strive to help our participants increase their self-sufficiency with the ultimate goal of helping them exit poverty for good.We work with more than 100 households and landlords, administering rental subsidies paid through federal and state contracts. Each contract requires us to match a percentage of the total amount with funds raised from private donors. 1279886 45619 359611 Job training is located in Chicago's East Garfield Park neighborhood. Inspiration Kitchens, our restaurant and Foodservice Training program site has offered low-income individuals the opportunity to learn to cook professionally at a restaurant open to the paying public, helping them gain the skills and experience they need in the food service industry.Our 12-week program is free to participants, and includes hands-on instruction, kitchen demonstrations, classroom culinary instruction, nutrition education, and employment and life skills classes. We also provide them with the services they need to overcome obstacles like homelessness, criminal backgrounds, mental or physical disabilities, substance addictions, and mental illness. 84560 36694 The Lori Jericho Memorial Education Fund links individuals to vocational training or education programs. We provide limited scholarships and financial support for textbooks, entrance exams and other related expenses. 3145729 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 4 0 1 70 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X Kimberly Davis 7738780981 4554 N Broadway Suite 207 Chicago IL 60640 Elisabeth Payne Chair 5.00 X X 0 0 0 Lisa Hampton Vice Chair-Program Develop 5.00 X X 0 0 0 Larissa Chaikowsky Vice Chair-Board Developme 5.00 X X 0 0 0 Kristen Nomura Vice Chair-External Relati 5.00 X X 0 0 0 Lisa Jericho Treasurer 5.00 X X 0 0 0 April Williams Secretary 1.00 X X 0 0 0 Vita Martinelli Boese Director 1.00 X 0 0 0 Ann O'Shaughnessy Director 1.00 X 0 0 0 Natalie Lynch Director 1.00 X 0 0 0 George Semaan Director 1.00 X 0 0 0 Vinu Ramasamy Director 1.00 X 0 0 0 John Bernard Potter Director 1.00 X 0 0 0 Bill Pekin Director 1.00 X 0 0 0 Bill Sitter Director 1.00 X 0 0 0 Emily Blum Director 1.00 X 0 0 0 Travis Hughes Director 1.00 X 0 0 0 John T Shapiro General Counsel 1.00 X 0 0 0 Shannon K Stewart MSW Executive Director 40.00 X X 111816 0 17800 Kimberly Davis Chief Financial Officer 40.00 X 79350 0 14650 191166 0 32450 1 0 0 0 0 198182 52500 1328505 1699437 303120 3278624 Inspiration Kitchens 900099 344611 344611 Rent King Drive 532000 56408 56408 Housing 532000 42722 42722 443741 3265 3265 99181 52500 39830 59351 59351 Other 900099 16045 16045 16045 3801026 459786 0 62616 558288 558288 230785 107263 110114 13408 1568403 1206605 135555 226243 6222 4880 429 913 146652 122481 554 23617 159924 118019 20888 21017 7533 7533 20165 20165 130760 109195 17308 4257 12481 7931 4550 151665 113055 9605 29005 276783 237406 11730 27647 14469 12138 1792 539 46102 34292 2152 9658 165143 129188 12438 23517 62097 47384 9287 5426 Program supplies 204107 202853 1022 232 Food supplies 121796 121796 Special event 20352 20352 Bad debt 5534 5534 8875 5422 2573 880 3918136 3145729 361146 411261 108385 67108 33307 30576 641049 675580 29042 25650 20087 15773 3259549 1532027 1889965 1727522 2721835 2542209 214952 233612 486182 407471 82660 80195 783794 721278 X 1389126 1261956 548915 558975 1938041 1820931 2721835 2542209 -117110 0 X 0 1 X 1 1 1 X 3044005 3702261 2483876 3256232 3278624 15764998 3044005 3702261 2483876 3256232 3278624 15764998 1002669 14762329 1070 560 246 74 3265 5215 15770213 1885055 0.93610 0.90620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 2543373 1043534 1499839 494516 367467 127049 161660 121026 40634 1727522 Security deposit 3792 Refundable advance 51240 Reserve requirement 25163 80195 X 3705911 26681 26681 3679230 121796 121796 3801026 3823021 26681 26681 3796340 121796 121796 3918136 Part X, Line 2: FIN48 Note from Audited Financial Statements The Organization was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Organization qualifies for the charitable contribution deduction and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax-exempt purpose of the Organization and the nature in which it operates is described above. The Organization continues to operate in compliance with its tax-exempt purpose. Management believes that it did not engage in any unrelated business activities; as such, no provision for income tax has been provided for in the financial statements. The Organization's Form 990, Return of Organization Exempt from Income Tax, are subject to examination by the IRS, generally for three years after filing. Part XI, Line 4b - Other Adjustments: Food supplies 121,796. Part XII, Line 4b - Other Adjustments: Food supplies 121,796. One Inspired Evening 151681 52500 99181 39380 151681 52500 99181 39380 39380 59801 1 Housing subsidies 74 398371 Direct support 768 159917 Part I, Line 2: The Organization follows federal compliance requirements from the US Department of Housing and Urban Development in administering its assistance programs for low income individuals. X 4 256342 X 56 46778 0 0 0 Form 990, Part VI, Section B, line 11b Management reviewed the 990 and related schedules prepared by an independent CPA firm. The 990 was provided electronically to the Financial Advisory Committee and the Board of Directors prior to filing. The Board Members had the opportunity to review the return and ask questions. Form 990, Part VI, Section B, line 12c Each board member is required to sign a conflict of interest disclosure form annually on which they must describe any potential conflicts of interest. Form 990, Part VI, Section B, line 15a A board committee reviews comparative data and makes a recommendation to the entire Board of Directors on Executive Director Compensation. This is then voted on by board members duirng an executive session. The Executive Director determines salary for all other staff members. The Board review the salaries and makes recommendations. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available on the Organization's website. The conflict of interest policy is available upon written request. 5840 S Dr Martin Luther King Jr Drive LLC 5840 S Dr Martin Luther King Jr Dri Chicago IL 60637 453450724 apartment lessors IL 94279 243634 1