Totals
- Total revenue
- $705,865
- Total expenses
- $653,982
- Contributions and grants received
- $676,767
- Grants paid
- $0
- Program service revenue
- $28,698
- Investment income
- $0
- Other revenue
- $400
- Total assets, end of year
- $839,705
- Total liabilities, end of year
- $165,706
- Net assets or fund balances, end of year
- $673,999
- Program services expenses (Part IX)
- $467,063
- Management and general expenses
- $148,904
- Fundraising expenses
- $38,015
- Program service expenses (Part III)
- $467,063
Program services were 71.4% 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
$676,767
-
2a · Program service revenue: Program Revenue
total $28,698 · related or exempt $28,698
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $400 · related or exempt $400
-
11e · Other revenue, total
$400
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $96,058 · program services $57,635 · management and general $19,212 · fundraising $19,211
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $128,601 · program services $110,859 · management and general $14,487 · fundraising $3,255
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,364 · program services $1,023 · management and general $205 · fundraising $136
-
10 · Payroll taxes
total $18,962 · program services $14,222 · management and general $2,844 · fundraising $1,896
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $69,750 · management and general $69,750
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $131,248 · program services $126,309 · management and general $3,704 · fundraising $1,235
-
12 · Advertising and promotion
total $8,455 · program services $6,341 · fundraising $2,114
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $33,471 · program services $25,103 · management and general $5,021 · fundraising $3,347
-
17 · Travel
total $24,123 · program services $17,259 · management and general $3,626 · fundraising $3,238
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $124 · management and general $124
-
23 · Insurance
total $0
-
24a · Other expenses: Operations
total $56,744 · program services $46,090 · management and general $9,661 · fundraising $993
-
24b · Other expenses: Dues & Subscriptions
total $39,595 · program services $39,595
-
24c · Other expenses: Board Expenses
total $16,860 · management and general $16,860
-
24d · Other expenses: Special Events
total $15,976 · program services $14,718 · fundraising $1,258
-
24e · All other expenses
total $12,651 · program services $7,909 · management and general $3,410 · fundraising $1,332
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $613,536 · end of year $575,934
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $140,000 · end of year $143,716
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $10,080 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$10,393
-
10b · Land, buildings and equipment: accumulated depreciation
$124
-
10c · Land, buildings and equipment, net
end of year $10,269
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $109,786
-
17 · Accounts payable and accrued expenses
beginning of year $4,000 · end of year $57,377
-
25 · Other liabilities
beginning of year $137,500 · end of year $108,329
-
27 · Net assets without donor restrictions
beginning of year $314,616 · end of year $336,487
-
28 · Net assets with donor restrictions
beginning of year $307,500 · end of year $337,512
Mission and programs · 2022
Mission
Radically Transforming Lives and Communities through Business Ownership
-
Community Business AcademyThe CBA provides 12-weeks of business training for entrepreneurs seeking to start and grow businesses. The program covers topics such as bookkeeping, marketing, insurance, etc. Business Accelerator ServicesThe BAS program is a 90-day program for graduates of the CBA to receive 1:1 coaching and group masterminding sessions. Business Readiness Program The Business Readiness Program (BRP) Provides 6-weeks of curriculum training that supports startups in conceptual stage, as well as existing businesses with high level overview of business. It addresses the gaps, risk, and fundamental business structure deficiences experienced by startups and entrepreneural businesses. Progammatic Support - CMSProgrammatic support is offered for all three programs offered by ASPIRE for continued education, training, and business development.Progammatic Support - Charlotte is CreativeProgrammatic support to deliver CBA program for creative entreprenuers enrolled with Charlotte Is Creative.
Expenses $467,063
As filed on the 2022 return.
Listed in Part VII
-
Manuel Campbell
CEO
- Total calculated
- $96,058
- From this org
- $96,058
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ronnie Bryant
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Edward Timberlake
Member
- Total calculated
- $0
- Hours/week
- 1
-
Artie Nicholson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Steven Cohen
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Alvaro Luna
Member
- Total calculated
- $0
- Hours/week
- 1
-
Tristan Ridley
Member
- Total calculated
- $0
- Hours/week
- 1
-
Laszlo Balassy
Member
- Total calculated
- $0
- Hours/week
- 1
-
Marcus Smith
Member
- Total calculated
- $0
- Hours/week
- 1
-
Adam Holtzschue
Member
- Total calculated
- $0
- Hours/week
- 1
-
Chiquitha Lloyd
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Penny Campbell
Member
- Total calculated
- $0
- Hours/week
- 1
-
Cam Dyer
Member
- Total calculated
- $0
- Hours/week
- 1
-
Crystal Joy
Member
- Total calculated
- $0
- Hours/week
- 1
-
Sharai Lavoie
Member
- Total calculated
- $0
- Hours/week
- 1
-
Olufemi Lamikanra
Member
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420389349302007
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