Form 990 for tax year 2022

Filed by ASPIRE EDUCATION PROJECT.

Totals

Total revenue: $398,667
Total expenses: $564,993
Contributions and grants received: $238,434
Grants paid: $0
Program service revenue: $156,529
Investment income: $3,704
Other revenue: $0
Total assets, end of year: $554,792
Total liabilities, end of year: $557,334
Net assets or fund balances, end of year: -$2,542
Program services expenses (Part IX): $322,823
Management and general expenses: $218,810
Fundraising expenses: $23,360
Program service expenses (Part III): $322,823

Program services were 57.1% 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.

1e · Government grants (contributions)

$90,000
1f · All other contributions, gifts and grants

$148,434
1g · Noncash contributions included above

$6,094
2a · Program service revenue: PROGRAMS & PARTNERSHIP

total $100,203 · related or exempt $100,203
2b · Program service revenue: TUTORING

total $56,326 · related or exempt $56,326
3 · Investment income

total $3,704 · excluded $3,704

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $37,030 · program services $26,754 · management and general $8,063 · fundraising $2,213
7 · Other salaries and wages

total $309,562 · program services $223,656 · management and general $67,403 · fundraising $18,503
9 · Other employee benefits

total $12,135 · program services $9,708 · management and general $2,184 · fundraising $243
10 · Payroll taxes

total $27,551 · program services $22,041 · management and general $4,959 · fundraising $551
11b · Fees: legal

total $490 · management and general $490
11c · Fees: accounting

total $15,575 · management and general $15,575
11g · Fees: other

total $62,684 · program services $9,170 · management and general $53,285 · fundraising $229
12 · Advertising and promotion

total $16,356 · program services $14,747 · fundraising $1,609
13 · Office expenses

total $2,590 · program services $304 · management and general $2,274 · fundraising $12
14 · Information technology

total $4,184 · management and general $4,184
16 · Occupancy

total $16,450 · management and general $16,450
17 · Travel

total $1,980 · program services $215 · management and general $1,765
19 · Conferences, conventions and meetings

total $21 · management and general $21
20 · Interest

total $13,750 · management and general $13,750
23 · Insurance

total $4,755 · management and general $4,755
24a · Other expenses: RECRUITING EXPENSES

total $21,243 · management and general $21,243
24b · Other expenses: TEACHING MATERIALS AND

total $6,870 · program services $6,870
24c · Other expenses: OTHER BOOKS, SUBSCRIPTI

total $5,181 · program services $4,582 · management and general $599
24d · Other expenses: BOOKS

total $4,124 · program services $4,124
24e · All other expenses

total $2,462 · program services $652 · management and general $1,810

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $607,021 · end of year $266,465
4 · Accounts receivable

beginning of year $129,568 · end of year $33,927
12 · Investments: other securities

beginning of year $0 · end of year $252,700
15 · Other assets

beginning of year $1,700 · end of year $1,700
17 · Accounts payable and accrued expenses

beginning of year $849 · end of year $18,091
18 · Grants payable

beginning of year $500,000 · end of year $500,000
19 · Deferred revenue

beginning of year $25,308 · end of year $25,308
25 · Other liabilities

beginning of year $11,208 · end of year $13,935
27 · Net assets without donor restrictions

beginning of year $136,524 · end of year -$2,542
28 · Net assets with donor restrictions

beginning of year $64,400 · end of year $0

Mission and programs · 2022

Mission

ENSURE EVERY STUDENT IN THE BAY AREA HAS ACCESS TO AN EDUCATIONAL MENTOR.

ASPIRE EDUCATION IS THE BAY AREA'S LEADER IN EFFECTIVE SUPPLEMENTAL EDUCATION PROGRAMMING. FOR NEARLY 20 YEARS, WE HAVE DELIVERED REAL RESULTS TO OVER 15,000 STUDENTS BY CONNECTING THEM TO A SMALL COMMUNITY OF EDUCATORS AND MENTORS STOCKED WITH CONTENT EXPERTISE AND EMOTIONAL INTELLIGENCE. WE ARE DRIVEN BY THE CONVICTION THAT ALTHOUGH POTENTIAL IS EQUALLY DISTRIBUTED ACROSS LINES OF RACE AND CLASS, OPPORTUNITY IS NOT. ASPIRE IS DEDICATED TO INTERRUPTING PATTERNS OF INEQUITY IN OUR COMMUNITY, WITH THE SHARED VISION THAT ALL YOUNG PEOPLE SHOULD HAVE THE OPPORTUNITY FOR EQUALLY HIGH OUTCOMES WITHOUT REGARD TO WHERE THEY START IN LIFE.ASPIRE HAS THREE MAIN SERVICE OFFERINGS:-COLLABORATIVE EDUCATION PROGRAMMING AND SUPPORT. ASPIRE HAS PARTNERED WITH DOZENS OF BAY AREA ORGANIZATIONS TO DESIGN CUSTOM PROGRAMS THAT EMPOWER STUDENTS TO REACH GREATER RESULTS IN COLLEGE ENTRANCE EXAMS OR INCREASE CONFIDENCE AND ACHIEVEMENT LEVELS IN SUBJECTS IN WHICH THEY'VE STRUGGLED. WHILE MANY OF OUR PROGRAMS TYPICALLY DEAL WITH THE SAT, ACT, OR HIGH SCHOOL ENTRANCE EXAMS, OUR SPECIALISTS PROVIDE ACADEMIC SUPPORT IN ALL SUBJECTS.-ONE-ON-ONE TUTORING. THROUGH A TEAM OF TUTORS STOCKED WITH CONTENT EXPERTISE AND EMOTIONAL INTELLIGENCE, ASPIRE PROVIDES HIGH-QUALITY ACADEMIC ASSISTANCE WITH INDIVIDUAL STUDENTS AND FAMILIES ON A SLIDING SCALE FEE BASIS. ASPIRE'S APPROACH TO TUTORING AS EDUCATIONAL MENTORSHIP NOT ONLY LEADS TO GREATER CONFIDENCE AND IMPROVED GRADES, BUT ALSO EMPOWERS OUR STUDENTS TO BE BETTER PREPARED FOR THE NEXT PHASE OF THEIR EDUCATIONAL CAREERS.-COMMUNITY READING BUDDIES. COMMUNITY READING BUDDIES MOBILIZES BAY AREA YOUNG ADULTS TO MENTOR YOUNGER STUDENTS IN LITERACY AND IGNITE THEM WITH A PASSION FOR READING. IN TURN, THE YOUNG ADULTS ARE TRAINED IN SOCIAL-EMOTIONAL SKILLS THAT PREPARE THEM TO BECOME SUCCESSFUL, INDEPENDENT COMMUNITY MEMBERS.

Expenses $322,823 · Revenue $156,529

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

Listed in Part VII

JACK WOODRUFF

BOARD CHAIR

Total calculated

$0

Hours/week

4
NANCY E GLASENK

BOARD MEMBER

Total calculated

$0

Hours/week

2
ALBERT LIU

BOARD MEMBER

Total calculated

$0

Hours/week

2
DANA SHERRY

BOARD MEMBER

Total calculated

$0

Hours/week

2
DR LINDA L DELGADO

BOARD MEMBER

Total calculated

$0

Hours/week

2
FATEMEH KHATIBLOO

BOARD MEMBER

Total calculated

$0

Hours/week

2
GWYNETH HUTCHINSON

BOARD MEMBER

Total calculated

$0

Hours/week

2
MONICA CHELLAM

BOARD MEMBER

Total calculated

$0

Hours/week

2
MIKE MCCLUER

BOARD MEMBER

Total calculated

$0

Hours/week

2
KATHLEEN MAUTNER

EXECUTIVE DIRECTOR

Total calculated

$37,030

From this org

$37,030

From related orgs

$0

Other

$0

Hours/week

45

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: 12 February 2024
IRS schema version: 2022v5.0
Source object: 202430439349301833

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