Totals
- Total revenue
- $3,350,000
- Total expenses
- $866,448
- Contributions and grants received
- $3,350,000
- Grants paid
- $35,763
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,610,387
- Total liabilities, end of year
- $15,923
- Net assets or fund balances, end of year
- $2,594,464
- Program services expenses (Part IX)
- $741,681
- Management and general expenses
- $124,767
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $741,681
Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$3,350,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $150 · program services $150
-
3 · Grants to foreign organizations and individuals
total $35,613 · program services $35,613
-
5 · Compensation of officers, directors and key employees
total $206,520 · program services $181,899 · management and general $24,621
-
7 · Other salaries and wages
total $321,865 · program services $283,492 · management and general $38,373
-
9 · Other employee benefits
total $20,259 · program services $17,844 · management and general $2,415
-
10 · Payroll taxes
total $38,687 · program services $34,075 · management and general $4,612
-
11b · Fees: legal
total $14,000 · management and general $14,000
-
11c · Fees: accounting
total $15,895 · management and general $15,895
-
11g · Fees: other
total $62,396 · program services $42,531 · management and general $19,865
-
12 · Advertising and promotion
total $19,535 · program services $19,535
-
13 · Office expenses
total $33,300 · program services $31,972 · management and general $1,328
-
14 · Information technology
total $43,151 · program services $43,151
-
16 · Occupancy
total $44,577 · program services $42,100 · management and general $2,477
-
17 · Travel
total $7,417 · program services $7,417
-
23 · Insurance
total $661 · management and general $661
-
24a · Other expenses: Miscellaneous Expense
total $2,422 · program services $1,902 · management and general $520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $48,449 · end of year $624,563
-
3 · Pledges and grants receivable
end of year $1,963,503
-
9 · Prepaid expenses and deferred charges
end of year $22,321
-
17 · Accounts payable and accrued expenses
beginning of year $1,040 · end of year $15,923
-
27 · Net assets without donor restrictions
beginning of year $47,409 · end of year $544,464
-
28 · Net assets with donor restrictions
end of year $2,050,000
Mission and programs · 2022
Mission
To transform the lives of low-income students globally by identifying and nurturing hidden talent to build cohorts of next-generation leaders.
-
Leaders in Training:Candidates for the program receive a host of academic and professional development resources through a tiered application structure that reaches thousands of students globally. In 2022, Aspire reached students across 135 countries and plans to accept applications from all over the globe this year.Students access Harvard course materials, receive developmental feedback, find strong intellectual communities, and interact directly with faculty and one another as they grapple with questions of identity, technology, ethics, and structural change. Leaders of Tomorrow:ScholarshipsUp to 10 scholarships available for up to $1,000 USD purchasing power parity per qualifying finalist. Two types of scholarships: online academic or internship experience.Community Action AwardsFunding for projects dedicated to catalyzing high-impact ideas. Up to nine awards, each up to $10,000 USD purchasing power parity. Project teams must have at least one 2021 finalist and a domestic partner organization.Mentorship OpportunitiesAccess to mentorship opportunities from industry leaders across the world for finalists. Mentors have offered to provide advice on professional career growth, job searches, interviews, graduate school application, etc.
Expenses $741,681 · Grants $35,763
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tarun Khanna
President & Director
- Total calculated
- $0
- Hours/week
- 5
-
Karim Lakhani
Treasurer & Director
- Total calculated
- $0
- Hours/week
- 5
-
Meena Sonea Hewett
Executive Director & Clerk
- Total calculated
- $202,560
- From this org
- $170,655
- From related orgs
- $0
- Other
- $31,905
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $170,655
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,905
- Filer's total
- $202,560
-
Arthur Hunt
Finance Officer
- Total calculated
- $3,960
- From this org
- $3,960
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322339349300962
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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