GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC

As filed

Subsection

03

NTEE code

B82Z

Classification

1200

Street

2821 EMERYWOOD PKWY STE 204

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (STE 204). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• COMMONWEALTH COLLEGE ACCESS NETWORK

  EIN 20-5275457

Mission and programs · 2024

• GRASP IS A NON-PROFIT ORGANIZATION SPECIALIZING WITH HELPING STUDENTS AND THEIR FAMILIES, REGARDLESS OF FINANCIAL RESOURCES, TO DEVELOP AN EDUCATIONAL PLAN FOR POST SECONDARY EDUCATION. GRASP'S PROFESSIONAL FINANCIAL AID ADVISORS WORK IN HIGH SCHOOLS AND PRIVATE SETTINGS, WITHOUT CHARGE TO STUDENTS AND FAMILIES, TO ASSIST WITH OVERCOMING FINANCIAL AND MOTIVATIONAL CHALLENGES TO THE GOAL OF HIGHER EDUCATION.

  Expenses $1,186,644 · Revenue $393,459

• UNIQUE AMONG MANY COLLEGE ACCESS AND SUCCESS PROGRAMS, GRASP OPERATES SEVERAL SCHOLARSHIP PROGRAMS, INCLUDING AT LEAST ONE SCHOLARSHIP FOR EVERY SCHOOL IT SERVES. STUDENTS HAVE THE OPTION TO USE THESE SCHOLARSHIPS FOR 2-YEAR, 4-YEAR, AND TRADE SCHOOLS.

  Expenses $392,770 · Grants $371,800 · Revenue $114,438

• GRASP ANTICIPATES CONTINUING TO TAKE ADVANTAGE OF THE VIRGINIA NEIGHBORHOOD ASSISTANCE TAX CREDIT PROGRAM ("NAP") AND EDUCATION IMPROVEMENT SCHOLARSHIP PROGRAM ("EISP"). THE NAP AND EISP PROGRAMS PROVIDE SIGNIFICANT TAX INCENTIVES TO VIRGINIA PRIVATE AND BUSINESS DONORS WHO SUPPORT SCHOLARSHIPS AND OTHER TUITION ASSISTANCE PROGRAMS OF (1) STUDENTS AND FAMILIES OF LOW TO MODEST FINANCIAL MEANS AND (2) PROVIDE SCHOLASTIC ASSISTANCE IN DEVELOPING POST - SECONDARY ACADEMIC AND VOCATIONAL PLANS FOR CHILDREN WITH ONE OR MORE DISABILITIES AS DEFINED UNDER THE FEDERAL IDEA LEGISLATION. THE NAP PROGRAM REQUIRES THAT MORE THAN 50% OF GRASP TAX CREDIT DERIVED REVENUES ARE USED FOR EDUCATION SERVICES IN SUPPORT OF STUDENTS AND FAMILIES WITH INCOME AT OR BELOW 300% OF THE RECOGNIZED POVERTY LEVEL OF INCOME OR 400% OF THE RECOGNIZED POVERTY LEVEL FOR STUDENTS WITH DISABILITIES. THE EISP PROGRAM, A SCHOLARSHIP PROGRAM FOR STUDENTS IN K-12 WHO WISH TO ATTEND A PRIVATE SCHOOL, REQUIRES THAT AT LEAST 90% OF TAX CREDIT GENERATED REVENUES UNDER THIS PROGRAM BE PAID OUT IN SCHOLARSHIPS FOR STUDENTS AT OR BELOW 300% OF POVERTY, OR IN THE CASE OF STUDENTS WITH DISABILITIES, 400% OF POVERTY BY THE END OF THE FOLLOWING FISCAL YEAR END. THE GRASP BOARD HAS DIRECTED THAT PREFERENCE BY GIVEN TO SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES ATTENDING PRIVATE SCHOOLS WITH SPECIALIZED DISABILITY SERVICES UNDER THE EISP PROGRAM.

  Expenses $261,154 · Grants $261,154 · Revenue $240,000

• IN 2024, GRASP LAUNCHED THE PATHWAYS SCHOLARSHIP PROGRAM, A NEW 4-YEAR PILOT INITIATIVE DESIGNED TO HELP RICHMOND, VIRGINIA'S YOUTH OVERCOME THE BARRIERS THAT TOO OFTEN PREVENT THEM FROM REACHING THEIR FULL POTENTIAL. MANY YOUNG PEOPLE IN RICHMOND FACE SIGNIFICANT BUT SURMOUNTABLE CHALLENGES AS THEY TRANSITION FROM HIGH SCHOOL TO POSTSECONDARY EDUCATION. TO ADDRESS THESE BARRIERS, THE PATHWAYS PROGRAM WILL OFFER OPPORTUNITIES TO EXPLORE POSTSECONDARY OPTIONS, EDUCATE YOUTH REGARDING SETTING AND ACHIEVING LONG- TERM GOALS, AND SUPPORT YOUTH TO APPLY FOR FINANCIAL AID AND COMMUNITY COLLEGE. IN ADDITION, PARTICIPANTS WILL RECEIVE A SCHOLARSHIP AND A MONTHLY STIPEND TO COVER BASIC LIVING NEEDS FOR UP TO THREE YEARS WHILE ATTENDING COMMUNITY COLLEGE. THIS PROGRAM IS A CRITICAL RESOURCE FOR KEEPING RICHMOND PUBLIC SCHOOL STUDENTS AT RISK OF DROPPING OUT ENGAGED AND SUPPORTED. INITIAL FUNDING FROM THE CITY OF RICHMOND ENSURES THAT THE PROGRAM WILL BE SUSTAINABLE THROUGHOUT ITS FOUR-YEAR PILOT PHASE.

  Expenses $177,605 · Grants $177,605

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,490,185

  Expenses

  $2,481,101

  Contributions

  $1,698,173

  Grants paid

  $810,559

• 2023

  Revenue

  $2,650,977

  Expenses

  $2,234,174

  Contributions

  $1,835,494

  Grants paid

  $700,171

• 2022

  Revenue

  $2,319,158

  Expenses

  $1,984,794

  Contributions

  $1,690,411

  Grants paid

  $630,774

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,872,899

  Expenses

  $1,570,820

  Assets (EOY)

  $4,687,835

• 2020 · 990

  Revenue

  $2,086,879

  Expenses

  $1,516,839

  Assets (EOY)

  $4,561,771

• 2019 · 990

  Revenue

  $1,518,825

  Expenses

  $1,698,408

  Assets (EOY)

  $3,717,172

• 2018 · 990

  Revenue

  $2,165,058

  Expenses

  $2,323,817

  Assets (EOY)

  $3,723,797

• 2017 · 990

  Revenue

  $1,837,707

  Expenses

  $1,771,679

  Assets (EOY)

  $3,882,556

• 2016 · 990

  Revenue

  $1,921,038

  Expenses

  $1,646,781

  Assets (EOY)

  $3,816,873

• 2015 · 990

  Revenue

  $2,003,035

  Expenses

  $1,197,751

  Assets (EOY)

  $3,546,518

• 2013 · 990

  Revenue

  $1,596,843

  Expenses

  $978,787

  Assets (EOY)

  $2,270,070

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $811,499

  Assets (EOY)

  $1,656,577

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $634,747

  Assets (EOY)

  $1,029,102

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $87,000

  2024 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $83,500

  2023 · For grant recipient's exempt purposes

• THE PAULEY FAMILY FOUNDATION

  $50,000

  2024 · GENERAL OPERATIONS IN THE RICHMOND REGION

• THE PAULEY FAMILY FOUNDATION

  $50,000

  2023 · GENERAL OPERATING FUNDS TO SUPPORT ASSISTANCE WITH COLLEGE FINANCIAL AID

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $45,000

  2022 · For grant recipient's exempt purposes

• THE COMMUNITY FOUNDATION INC

  $44,750

  2022 · EDUCATIONAL SUCCESS

• THE COMMUNITY FOUNDATION INC

  $44,000

  2024 · EDUCATIONAL SUCCESS

• THE COMMUNITY FOUNDATION INC

  $39,168

  2023 · EDUCATIONAL SUCCESS

• FLYING SQUIRRELS CHARITIES

  $29,700

  2024 · GENERAL PURPOSES

• VANGUARD CHARITABLE ENDOWMENT PROGRAM

  $26,000

  2022 · FOR RECIPIENT'S EXEMPT PURPOSE

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files