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Nonprofiteer
← ASPIRE PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2022

Filed by ASPIRE PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$2,868,708
Total expenses
$3,848,415
Contributions and grants received
$2,868,708
Grants paid
$53,324
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,689,305
Total liabilities, end of year
$3,385,625
Net assets or fund balances, end of year
$2,303,680
Program services expenses (Part IX)
$339,145
Management and general expenses
$385,056
Fundraising expenses
$3,124,214
Program service expenses (Part III)
$339,145

Program services were 8.8% 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

    $2,868,708

  • 1g · Noncash contributions included above

    $24,838

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $53,324 · program services $53,324

  • 7 · Other salaries and wages

    total $1,526,146 · management and general $152,615 · fundraising $1,373,531

  • 8 · Pension plan contributions

    total $295,730 · management and general $29,573 · fundraising $266,157

  • 9 · Other employee benefits

    total $135,539 · management and general $13,554 · fundraising $121,985

  • 10 · Payroll taxes

    total $56,394 · management and general $5,639 · fundraising $50,755

  • 11g · Fees: other

    total $719,649 · management and general $71,965 · fundraising $647,684

  • 13 · Office expenses

    total $19,423 · management and general $1,942 · fundraising $17,481

  • 14 · Information technology

    total $309,114 · management and general $30,912 · fundraising $278,202

  • 16 · Occupancy

    total $230,893 · management and general $23,089 · fundraising $207,804

  • 19 · Conferences, conventions and meetings

    total $323,742 · program services $285,821 · management and general $37,921

  • 24a · Other expenses: MATERIALS & SUPPLIES

    total $178,461 · management and general $17,846 · fundraising $160,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,466,419 · end of year $5,152,175

  • 3 · Pledges and grants receivable

    beginning of year $287,138 · end of year $332,138

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $18,000

  • 10a · Land, buildings and equipment: cost or other basis

    $39,470

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $39,470 · end of year $39,470

  • 15 · Other assets

    beginning of year $472,168 · end of year $147,522

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,194 · end of year $93,294

  • 25 · Other liabilities

    beginning of year $2,957,614 · end of year $3,292,331

  • 27 · Net assets without donor restrictions

    beginning of year $2,983,033 · end of year $1,704,555

  • 28 · Net assets with donor restrictions

    beginning of year $300,354 · end of year $599,125

Mission and programs · 2022

Mission

THE NONPROFIT ASPIRE PUBLIC SCHOOLS FOUNDATION IS THE PHILANTHROPIC ARM OF ASPIRE PUBLIC SCHOOLS. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL AND MATERIAL RESOURCES TO FURTHER ASPIRE'S MISSION OF PREPARING OUR 15,400+ SCHOLARS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. PHILANTHROPIC DOLLARS ARE HELD WITHIN THE FOUNDATION TO ENSURE TRANSPARENCY REGARDING UTILIZATION OF FUNDS FOR THEIR INTENDED PURPOSES. RESOURCES GARNERED BY THE FOUNDATION ARE ALLOCATED DIRECTLY TO SUPPORT FACILITIES, GROWTH AND EXPANSION, AND KEY ORGANIZATIONAL INITIATIVES THAT BETTER SERVE ALL OF OUR SCHOLARS.

Activities or mission (Part I)

THE NONPROFIT ASPIRE PUBLIC SCHOOLS FOUNDATION IS THE PHILANTHROPIC ARM OF ASPIRE PUBLIC SCHOOLS. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL AND MATERIAL RESOURCES TO FURTHER ASPIRE'S MISSION OF PREPARING OUR 15,300+ SCHOLARS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. PHILANTHROPIC DOLLARS ARE HELD WITHIN THE FOUNDATION TO ENSURE TRANSPARENCY REGARDING UTILIZATION OF FUNDS FOR THEIR INTENDED PURPOSES. RESOURCES GARNERED BY THE FOUNDATION ARE ALLOCATED DIRECTLY TO SUPPORT FACILITIES, GROWTH AND EXPANSION, AND KEY ORGANIZATIONAL INITIATIVES THAT BETTER SERVE ALL OF OUR SCHOLARS.

  • THE NONPROFIT ASPIRE PUBLIC SCHOOLS FOUNDATION IS THE PHILANTHROPIC ARM OF ASPIRE PUBLIC SCHOOLS. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL AND MATERIAL RESOURCES TO FURTHER ASPIRE'S MISSION OF PREPARING OUR 15,300+ SCHOLARS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. PHILANTHROPIC DOLLARS ARE HELD WITHIN THE FOUNDATION TO ENSURE TRANSPARENCY REGARDING UTILIZATION OF FUNDS FOR THEIR INTENDED PURPOSES. RESOURCES GARNERED BY THE FOUNDATION ARE ALLOCATED DIRECTLY TO SUPPORT FACILITIES, GROWTH AND EXPANSION, AND KEY ORGANIZATIONAL INITIATIVES THAT BETTER SERVE ALL OF OUR SCHOLARS.

    Expenses $339,145 · Grants $53,324

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

Listed in Part VII

  • Liat Bishko

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Beth Grossman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Billy Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Hunkapiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sai Selvaganesan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Raphael Akinsipe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mala Batra

    PRESIDENT

    Total calculated
    $372,264
    From this org
    $0
    From related orgs
    $282,431
    Other
    $89,833
    Hours/week
    2 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,481 related
    Bonus
    $0 + $667 related
    Other
    $0 + $283 related
    Deferred
    $0 + $68,009 related
    Nontaxable benefits
    $0 + $21,824 related
    Filer's total
    $0 + $372,264 related

  • Michael Wimbish

    CFO

    Total calculated
    $281,050
    From this org
    $0
    From related orgs
    $218,316
    Other
    $62,734
    Hours/week
    2 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,640 related
    Bonus
    $0 + $667 related
    Other
    $0 + $6,009 related
    Deferred
    $0 + $37,435 related
    Nontaxable benefits
    $0 + $25,299 related
    Filer's total
    $0 + $281,050 related

  • Bess Kennedy

    EXECUTIVE DIRECTOR ASPIRE FOUNDATION

    Total calculated
    $211,456
    From this org
    $0
    From related orgs
    $137,469
    Other
    $73,987
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,244 related
    Bonus
    $0 + $1,147 related
    Other
    $0 + $2,078 related
    Deferred
    $0 + $48,685 related
    Nontaxable benefits
    $0 + $25,302 related
    Filer's total
    $0 + $211,456 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION, ASPIRE PUBLIC SCHOOLS, USES A COMPENSATION COMMITTEE, COMPENSATION SURVEYS OR STUDIES, FORM 990 OF OTHER ORGANIZATIONS AND THE APPROVAL BY THE BOARD TO HELP ESTABLISH THE COMPENSATION OF THE PRESIDENT AND CEO OF ASPIRE PUBLIC SCHOOLS.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421369349315377

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