Form 990 for tax year 2022

Filed by AUSTIN ASPIRES INC.

Totals

Total revenue: $616,744
Total expenses: $503,961
Contributions and grants received: $613,513
Grants paid: $0
Program service revenue: $0
Investment income: $3,231
Other revenue: $0
Total assets, end of year: $707,537
Total liabilities, end of year: $13,946
Net assets or fund balances, end of year: $693,591
Program services expenses (Part IX): $475,429
Management and general expenses: $28,532
Fundraising expenses: $0
Program service expenses (Part III): $475,429

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.

1a · Federated campaigns

$77,700
1e · Government grants (contributions)

$249,738
1f · All other contributions, gifts and grants

$286,075
3 · Investment income

total $3,231 · excluded $3,231

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $104,236 · program services $104,236
7 · Other salaries and wages

total $268,515 · program services $254,904 · management and general $13,611
10 · Payroll taxes

total $49,704 · program services $47,889 · management and general $1,815
11g · Fees: other

total $8,150 · program services $7,772 · management and general $378
12 · Advertising and promotion

total $2,230 · management and general $2,230
13 · Office expenses

total $13,729 · program services $10,881 · management and general $2,848
16 · Occupancy

total $7,858 · program services $6,729 · management and general $1,129
17 · Travel

total $2,652 · program services $2,652
19 · Conferences, conventions and meetings

total $9,633 · program services $9,490 · management and general $143
23 · Insurance

total $4,446 · program services $766 · management and general $3,680
24a · Other expenses: PROGRAM EXPENSES

total $27,572 · program services $27,572
24b · Other expenses: DUES

total $5,211 · program services $2,538 · management and general $2,673
24c · Other expenses: TAX AND LICENSE

total $25 · management and general $25

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $58,265 · end of year $22,183
2 · Savings and temporary cash investments

beginning of year $502,795 · end of year $506,026
4 · Accounts receivable

end of year $175,903
7 · Other notes and loans receivable

end of year $445
9 · Prepaid expenses and deferred charges

end of year $2,980
10a · Land, buildings and equipment: cost or other basis

$4,350
10b · Land, buildings and equipment: accumulated depreciation

$4,350
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

end of year $13,946
19 · Deferred revenue

beginning of year $190,000
25 · Other liabilities

beginning of year $345 · end of year $0
27 · Net assets without donor restrictions

beginning of year $370,715 · end of year $536,415
28 · Net assets with donor restrictions

end of year $157,176

Mission and programs · 2022

Mission

AUSTIN ASPIRES WILL BRING TOGETHER COMMUNITY RESOURCES AND FAMILIES TO CHALLENGE ALL LEARNERS TO SEEK EXCELLENCE AND EQUIP THEM TO ACHIEVE RESULTS THROUGH SHARED COMMUNITY VISION, EVIDENCE-BASED DECISION MAKING, COLLABORATIVE ACTION, AND INVESTMENT AND SUSTAINABILITY

Activities or mission (Part I)

AUSTIN ASPIRES INC STRIVES TO DEVELOP A WORLD-CLASS, UNIQUE CITY-WIDE LEARNING CAMPUS LINKING TOGETHER THE ARTS, EDUCATION, SCIENCE AND BUSINESS COMMUNITIES. THIS ENVIRONMENT WILL EMPHASIZE PROGRAMS IN SCIENCE AND TECHNOLOGY, COLLEGE-READINESS, ALTERNATIVE LEARNING AND REAL-LIFE APPLICATION TO PREPARE STUDENTS FOR THE WORK FORCE AND/OR HIGHER EDUCATION.

AUSTIN ASPIRES WILL BRING TOGETHER COMMUNITY RESOURCES AND FAMILIES TO CHALLENGE ALL LEARNERS TO SEEK EXCELLENCE AND EQUIP THEM TO ACHIEVE RESULTS THROUGH SHARED COMMUNITY VISION, EVIDENCE-BASED DECISION MAKING, COLLABORATIVE ACTION, AND INVESTMENT AND SUSTAINABILITY. DURING THE 2022-2023 SCHOOL YEAR, STAFF IN OUR ASPIRES LEADERS OF TOMORROW (ALOT) PROGRAM, WORKED INTENTIONALLY WITH MORE THAN 500 STUDENTS IN GRADES 5-12. OVER 90% OF THESE SCHOLARS WERE STUDENTS OF COLOR AND 83% COME FROM FAMILIES LIVING IN POVERTY. THESE STUDENTS AVERAGED A 91% ATTENDANCE RATE, AND NEARLY 70% OF THE SCHOLARS ARE ON TRACK TO GRADUATION. WE SEEN AN INCREASE IN STUDENTS OF COLOR, SPECFICIALLY STUDENTS IDENTIFYING AS HISPANIC, ENROLLING IN ABOVE GRADE LEVEL COURSES (IN 2019, 13.9% OF STUDENTS ENROLLED IN HONORS/AP/CONCURRENT ENROLLMENT/PSEO COURSES IDENTFIED AS HISPANIC. IN 2023, THAT PERCENTAGE HAD INCREASED TO 21.5%. THE TOTAL NUMBER OF STUDENT POPULATION IDENTIFYING AS HISPANIC AT THAT TIME WAS 29.5%.)

Expenses $290,075 · Revenue $1,181
IN EXCESS OF 500 FAMILIES WITH CHILDREN PRENATAL THROUGH AGE 5 RECEIVED SUPPORT THROUGH OUR WEE ASPIREE PROGRAM. IN THIS PROGRAM, FAMILIES ARE CONNECTED TO NEEDED RESOURCES TO ENSURE THEIR CHILD GETS THE BEST EARLY LEARNING EXPERIENCE POSSIBLE. THIS INCLUDES CONNECTION TO CHILDCARE, PRESCHOOL, BASIC NEEDS RESOURCES AND MORE. AS ONE FAMILY RECENTLY SHARED, "YOU MAKE ME A BETTER PARENT".

Expenses $148,633
DURING THE 2022-2023 ACADEMIC SCHOOL YEAR, 788 TUTORING WAS PROVIDED TO STUDENTS IN GRADES K-12 AT NO COST TO THE CHILD OR FAMILY. QUALIFIED TUTORS PROVIDED SUPPORT TO THESE SCHOLARS IN PUBLIC SPACES INCLUDING THE YMCA, LIBRARY, THE CHILD'S SCHOOL AND THE ASPIRES' OFFICE. FAMILIES REPORTED THAT THEY SEEN AN INCREASE IN THEIR CHILDREN'S GRADES, COMPLETED WORK TURNED IN, AND ATTITUDE TOWARDS SCHOOL AFTER THEIR CHILD BEGAN WORKING WITH A TUTOR.

Expenses $36,721 · Revenue $2,381

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

SHELLEY KING

PRESIDENT

Total calculated

$0

Hours/week

3
THAD KUSICK

VICE PRESIDENT

Total calculated

$0

Hours/week

2
JILL ANDREWS

TREASURER

Total calculated

$0

Hours/week

3
JILL HART

SECRETARY

Total calculated

$0

Hours/week

2
SHERI DANKERT

DIRECTOR

Total calculated

$0

Hours/week

2
VARINH VAN VUGT

DIRECTOR

Total calculated

$0

Hours/week

2
JAYNE GIBSON

EXECUTIVE DIRECTOR

Total calculated

$104,236

From this org

$101,636

From related orgs

$0

Other

$2,600

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 18 September 2023
IRS schema version: 2022v5.0
Source object: 202342789349300029

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