Aspire Living & Learning Inc
- Assets
- $53.7m
- Revenue
- $89.2m
- Investments
- $0.0
- Employees
- 1,407
- Location
- Barre, VT
- Founding
- 12/1982
- Data as of
- 06/2024
- EIN
- 03-0284103
Organization Overview
Aspire Living & Learning Inc is located in Barre, VT. The organization was established in 1982. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2024, Aspire Living & Learning Inc employed 1,407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspire Living & Learning Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Aspire Living & Learning Inc generated $89.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $85.9m during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O. ASPIRE PROVIDES TREATMENT AND SUPPORT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, ALLOWING THEM TO LIVE MORE FULLY AND MORE INDEPENDENTLY IN THEIR COMMUNITIES. THE ORGANIZATION SERVES BOTH THE CHILDREN AND ADULT POPULATIONS, OFFERING A WIDE ARRAY OF SERVICES TO MEET THE NEEDS AND INTERESTS OF THE INDIVIDUALS SERVED. SUPPORTS FOR CHILDREN INCLUDE FOSTER CARE, EDUCATIONAL SERVICES AND BEHAVIORAL SERVICES. SUPPORTS FOR ADULTS INCLUDE COMMUNITY BASED LONG-TERM/RESIDENTIAL SUPPORTS, DAY AND EMPLOYMENT SUPPORT OPTIONS AND CASE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS FOR ADULTS - COMMUNITY BASED LONG-TERM/RESIDENTIAL SUPPORTS:ASPIRE LIVING AND LEARNING SUPPORTS THE RESIDENTIAL NEEDS OF INDIVIDUALS LIVING WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES AND/OR BEHAVIORAL HEALTH CONCERNS. SUPPORTS ARE WIDE RANGING AND COMMUNITY BASED. ASPIRE LIVING AND LEARNING STRIVES TO PROVIDE EXCELLENT PERSON-CENTERED RESIDENTIAL SUPPORTS.
SUPPORTS FOR ADULTS - DAY AND EMPLOYMENT SUPPORT OPTIONS:ASPIRE LIVING & LEARNING SUPPORTS ADULTS WHO ARE INTERESTED IN EMPLOYMENT OR OTHER COMMUNITY-BASED OPPORTUNITIES FOR VOLUNTEERING, CIVIC ENGAGEMENT, SOCIALIZATION, EDUCATION, ETC. THROUGH A PERSON-CENTERED APPROACH, INDIVIDUALS RECEIVE THE SUPPORT NECESSARY TO REACH THEIR UNIQUE GOALS.
SUPPORTS FOR CHILDREN - EDUCATIONAL SERVICES:ASPIRE LIVING & LEARNING EDUCATES CHILDREN AGED 3 TO 22 TO REACH THEIR FULL POTENTIAL. WHETHER AT ONE OF ASPIRE'S SPECIAL EDUCATION SCHOOLS OR THROUGH CONSULTATION SERVICES AT PUBLIC SCHOOLS, CHILDREN WITH AN AUTISM SPECTRUM DISORDER DIAGNOSIS, DEVELOPMENTAL DISABILITIES AND/OR BEHAVIOR CHALLENGES RECEIVE HIGHLY INDIVIDUALIZED EDUCATIONAL SERVICES, IN A SETTING THAT BEST WORKS FOR THEM TO ACHIEVE THEIR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Higdon Chair | OfficerTrustee | 1 | $0 |
Katie Franco Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Emens-Butler Treasurer | OfficerTrustee | 1 | $0 |
Chris Meehan Secretary | OfficerTrustee | 1 | $0 |
Ed Denmark Director | Trustee | 1 | $0 |
Susan Sheckley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ram Building Group Llc Construction Services | 6/29/24 | $791,044 |
James Zygmont Dba Zyg Llc It Consulting | 6/29/24 | $231,422 |
Ddn Consulting Services Llc Nursing & Dietary Services | 6/29/24 | $479,203 |
Robin Thapa Dba Summit New Hampshir Direct Support Services | 6/29/24 | $580,817 |
Jamil Sulemana Shared Living Provider Services | 6/29/24 | $214,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $240,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,549 |
| Total Program Service Revenue | $88,741,580 |
| Investment income | $348,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$182,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,198,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,494,805 |
| Compensation of current officers, directors, key employees. | $1,416,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,513,142 |
| Pension plan accruals and contributions | $699,243 |
| Other employee benefits | $9,516,505 |
| Payroll taxes | $3,552,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,291 |
| Fees for services: Accounting | $110,418 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,028,431 |
| Advertising and promotion | $437,219 |
| Office expenses | $444,514 |
| Information technology | $1,298,811 |
| Royalties | $0 |
| Occupancy | $5,764,436 |
| Travel | $1,867,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $328,343 |
| Interest | $165,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703,325 |
| Insurance | $945,883 |
| All other expenses | $1,003,480 |
| Total functional expenses | $85,927,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,709 |
| Savings and temporary cash investments | $15,882,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,129,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $672,804 |
| Net Land, buildings, and equipment | $11,156,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,059,311 |
| Other assets | $421,448 |
| Total assets | $53,689,905 |
| Accounts payable and accrued expenses | $6,592,320 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,543,181 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,590,357 |
| Total liabilities | $26,725,858 |
| Net assets without donor restrictions | $26,760,121 |
| Net assets with donor restrictions | $203,926 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,689,905 |