Skip to content
Nonprofiteer
← ASPIRE INSTITUTE INC

Form 990 for tax year 2025

Filed by ASPIRE INSTITUTE INC.

Totals

Total revenue
$1,662,193
Total expenses
$2,114,758
Contributions and grants received
$1,662,193
Grants paid
$150,895
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$839,508
Total liabilities, end of year
$66,105
Net assets or fund balances, end of year
$773,403
Program services expenses (Part IX)
$1,993,735
Management and general expenses
$121,023
Fundraising expenses
$0
Program service expenses (Part III)
$1,993,735

Program services were 94.3% 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

    $1,662,193

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $36,817 · program services $36,817

  • 3 · Grants to foreign organizations and individuals

    total $114,078 · program services $114,078

  • 5 · Compensation of officers, directors and key employees

    total $250,748 · program services $239,048 · management and general $11,700

  • 7 · Other salaries and wages

    total $1,052,817 · program services $1,003,693 · management and general $49,124

  • 9 · Other employee benefits

    total $90,924 · program services $90,924

  • 10 · Payroll taxes

    total $73,952 · program services $66,259 · management and general $7,693

  • 11b · Fees: legal

    total $4,848 · management and general $4,848

  • 11c · Fees: accounting

    total $18,925 · management and general $18,925

  • 11g · Fees: other

    total $12,693 · management and general $12,693

  • 12 · Advertising and promotion

    total $60,256 · program services $60,256

  • 13 · Office expenses

    total $25,083 · program services $23,135 · management and general $1,948

  • 14 · Information technology

    total $214,208 · program services $214,208

  • 16 · Occupancy

    total $78,698 · program services $70,853 · management and general $7,845

  • 17 · Travel

    total $29,558 · program services $29,558

  • 23 · Insurance

    total $5,575 · management and general $5,575

  • 24a · Other expenses: Pledge Writedown

    total $25,000 · program services $25,000

  • 24b · Other expenses: Staff Events

    total $14,341 · program services $14,341

  • 24c · Other expenses: Miscellaneous Expense

    total $6,237 · program services $5,565 · management and general $672

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,605 · end of year $401,348

  • 3 · Pledges and grants receivable

    beginning of year $893,265 · end of year $434,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,216 · end of year $4,160

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,853 · end of year $66,105

  • 27 · Net assets without donor restrictions

    beginning of year $308,968 · end of year $339,414

  • 28 · Net assets with donor restrictions

    beginning of year $893,265 · end of year $433,989

Mission and programs · 2025

Mission

Aspire's mission is to empower low-income and first-generation college students and recent graduates to act independently, make informed choices, and affect meaningful change. Through the tuition-free, online Aspire Leaders Program, participants develop resilience, cultural awareness, and leadership skills to help them navigate challenges and embrace opportunities in education, careers, and life. By fostering confidence, self-efficacy, and collaboration, Aspire equips future leaders to create lasting impacts in their communities and beyond.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,993,735 · Grants $150,895

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Meena Sonea Hewett

    CEO

    Total calculated
    $191,375
    From this org
    $173,719
    From related orgs
    $0
    Other
    $17,656
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,719
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,656
    Filer's total
    $191,375
  • Tarun Khanna

    President

    Total calculated
    $0
    Hours/week
    5
  • Karim Lakhani

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Arthur Hunt

    Finance Officer

    Total calculated
    $59,373
    From this org
    $59,373
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Dimitri Antoniou

    Chief of Staff

    Total calculated
    $110,354
    From this org
    $100,106
    From related orgs
    $0
    Other
    $10,248
    Hours/week
    40

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
2025
Filed
11 May 2026
IRS schema version
2025v4.1
Source object
202611339349302566

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.