Aspire Developmental Services Inc
- Assets
- $7.9m
- Revenue
- $9.5m
- Investments
- $140.5k
- Employees
- 111
- Location
- Lynn, MA
- Founding
- 06/1955
- Data as of
- 06/2024
- EIN
- 04-2204289
Organization Overview
Aspire Developmental Services Inc is located in Lynn, MA. The organization was established in 1955. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2024, Aspire Developmental Services Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspire Developmental Services 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 Developmental Services Inc generated $9.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $9.9m during the year ending 06/2024. While expenses have increased by 6.4% 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
TO PROVIDE SERVICES TO PEOPLE WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FAMILY CENTERED HOME BASED SERVICES TO FACILITATE THE DEVELOPMENTAL PROGRESS OF CHILDREN. THIS PROGRAM IS AVAILABLE TO ELIGIBLE CHILDREN, BIRTH TO THREE YEARS OF AGE, WHO HAVE OR ARE AT RISK FOR DEVELOPMENTAL DISABILITIES DUE TO ESTABLISHED BIOLOGICAL OR ENVIRONMENTAL FACTORS. THESE SERVICES ARE PROVIDED IN THE CHILDS NATURAL ENVIRONMENT. ADDITIONALLY, ASPIRE EARLY SUPPORT PROVIDES SERVICES AND SUPPORT TO PREGNANT AND POSTPARTUM WOMEN LIVING IN LYNN AND SALEM, MASSACHUSETTS AND THE SURROUNDING COMMUNITIES WHO HAVE SOCIAL AND ENVIRONMENTAL RISK FACTORS. THE GOAL OF THE PROGRAM IS TO REDUCE INFANT MORTALITY BY EARLY INDENTIFICATION OF MATERNAL AND INFANT RISK AND PROVIDING LINKAGES TO SERVICES AND SUPPORT IN THE COMMUNITY TO PREVENT POOR HEALTH AND/OR DEVELOPMENTAL OUTCOMES.
FOR THE OPERATION OF A PRESCHOOL FOR CHILDREN BETWEEN TWO YEARS, NINE MONTHS AND FIVE YEARS OF AGE. THE PROGRAM RECEIVES VOUCHER INCOME NINE MONTHS AND FIVE YEARS OF AGE. THE PROGRAM RECEIVES VOUCHER INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | Officer | 40 | $222,170 |
Name Not Listed President | OfficerTrustee | 0 | $0 |
Name Not Listed Vice President | OfficerTrustee | 0 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0 | $0 |
Name Not Listed Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rcs Behavioral Educational Consulti Program Consultant | 6/29/20 | $107,672 |
Beacon Aba Services Inc Program Consultant | 6/29/20 | $242,864 |
Northeast Arc Inc Program Consultant | 6/29/20 | $184,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $867,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $904,128 |
| Total Program Service Revenue | $8,501,438 |
| Investment income | $79,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,498,480 |
| 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. | $232,869 |
| Compensation of current officers, directors, key employees. | $232,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,868,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $964,028 |
| Payroll taxes | $566,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $115,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,410 |
| Advertising and promotion | $48,377 |
| Office expenses | $166,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,175 |
| Travel | $125,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,023 |
| Insurance | $38,195 |
| All other expenses | $396,931 |
| Total functional expenses | $9,929,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,283 |
| Savings and temporary cash investments | $1,638,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,315,807 |
| 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 | $117,856 |
| Net Land, buildings, and equipment | $4,342,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $140,450 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,957 |
| Total assets | $7,897,286 |
| Accounts payable and accrued expenses | $954,412 |
| 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 | $2,859,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,206 |
| Total liabilities | $3,822,093 |
| Net assets without donor restrictions | $4,075,193 |
| Net assets with donor restrictions | $0 |
| 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 | $7,897,286 |