INSPIRE ACCESS

EIN: 883094715 501(c)(3) Philanthropy & Grantmaking

POTOMAC, MD

Total Revenue
$1,135,203
Total Expenses
$313,206
Total Assets
$5,630,384
Net Assets
$808,319
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MD
Principal Officer
PATRICE KING BRICKMAN
Phone
3017042002
Tax Period
2023-01-01 to 2023-12-31

INSPIRE ACCESS, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $822K, a strong 72% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $188,395 Revenue: $4,700

INSPIRE ACCESS MOBILIZES UNRESTRICTED PHILANTHROPIC CAPITAL TO SUPPORT FOR-PROFIT VENTURES ADVANCING RACIAL, GENDER, AND ECONOMIC EQUITY. WE SERVE AS A MISSION-DRIVEN INTERMEDIARY BRIDGING THE GAP...

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INSPIRE ACCESS MOBILIZES UNRESTRICTED PHILANTHROPIC CAPITAL TO SUPPORT FOR-PROFIT VENTURES ADVANCING RACIAL, GENDER, AND ECONOMIC EQUITY. WE SERVE AS A MISSION-DRIVEN INTERMEDIARY BRIDGING THE GAP BETWEEN TRADITIONAL CHARITABLE GIVING AND IMPACT INVESTING. OUR MODEL ADDRESSES A CRITICAL CAPITAL MARKET FAILURE: UNDERREPRESENTED FOUNDERS OFTEN OPERATE IN SECTORS AND GEOGRAPHIES OVERLOOKED BY CONVENTIONAL INVESTORS, YET MANY DONORS LACK TOOLS OR INFRASTRUCTURE TO DIRECT CHARITABLE DOLLARS TOWARD THESE VENTURES.BEYOND CAPITAL, WE FACILITATED ACCESS TO NETWORKS, SURFACING OPPORTUNITIES AND CATALYZING RELATIONSHIPS THAT HELPED FOUNDERS SECURE FOLLOW-ON CAPITAL, ADVISORY SUPPORT, AND VISIBILITY WITHIN THE BROADER PHILANTHROPIC AND VENTURE ECOSYSTEMS.THROUGH THIS WORK, INSPIRE ACCESS IS HELPING RESHAPE HOW PHILANTHROPY FLOWS INTO THE PRIVATE SECTOR. WE CONTINUE TO ENGAGE DONORS AND PARTNERS IN UNDERSTANDING HOW DONOR-ADVISED FUNDS (DAFS) CAN BE USED TO SUPPORT OUR MISSION. IN PARALLEL, WE SERVE AS A THOUGHT LEADER AND CONVENER BY HOSTING GATHERINGS, SHARING INSIGHTS, AND CREATING SPACES WHERE DONORS, FOUNDERS, AND FUND MANAGERS CAN LEARN FROM ONE ANOTHER. THESE EFFORTS HELP SHIFT PHILANTHROPIC BEHAVIOR AND EXPAND MEANINGFUL ACCESS TO CAPITAL, NETWORKS, AND VISIBILITY FOR UNDERREPRESENTED FOUNDERS, ALL IN SERVICE OF OUR PUBLIC CHARITABLE PURPOSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,042,798
Program Service Revenue $0
Investment Income $92,405
Other Revenue $0
TOTAL REVENUE $1,135,203

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $66,263
Program Expenses $188,395
Other Expenses $288,206
TOTAL EXPENSES $313,206

Year-over-Year Comparison

2023 2022 Change
Revenue $1,135,203 N/A N/A
Expenses $313,206 N/A N/A
Net Income $821,997 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICE KING BRICKMAN PRESIDENT & CEO 1.00
Officer Director
$0 $0 $0
ERNITA THOMAS TREASURER 1.00
Officer Director
$0 $0 $0
LEROY PINGHO SECRETARY 1.00
Officer Director
$0 $0 $0
HILLARY BALTIMORE DIRECTOR 1.00
Director
$0 $0 $0
LAURIE MARTIN DIRECTOR 1.00
Director
$0 $0 $0
ANNE MOSLE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,135,203 $313,206 $5,630,384 $821,997
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