Aspire Education Project
- Assets
- $300.5k
- Revenue
- $544.7k
- Investments
- $0.0
- Employees
- 81
- Location
- Oakland, CA
- Founding
- 07/2007
- Data as of
- 06/2021
- EIN
- 20-5274459
Organization Overview
Aspire Education Project is located in Oakland, CA. The organization was established in 2007. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2021, Aspire Education Project employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspire Education Project 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 06/2021, Aspire Education Project generated $544.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $477.7k during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO A TRANSFORMATIVE EDUCATIONAL MENTOR TO EVERY CHILD IN THE BAY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMED TUTORING IN LOCAL SCHOOLS AND OTHER NGOS. ASPIRE EDUCATION PROJECT WAS FOUNDED AS A NONPROFIT IN THE FALL OF 2005 IN ORDER TO ADVANCE EDUCATIONAL EQUITY IN THE BAY AREA. WE BRING HIGH-QUALITY TUTORING AND PERSONALIZED LEARNING TO STUDENTS WHO DO NOT HAVE READY ACCESS TO THOSE SERVICES. DURING THE SCHOOL YEAR, WE PROVIDE TUTORING, MENTORING, AND STANDARDIZED TEST PREPARATION TO STUDENTS IN THEIR HOMES, AT AFTER-SCHOOL CENTERS, AND IN PARTNERSHIP WITH SCHOOLS AND OTHER ORGANIZATIONS. IN THE SUMMERS, WE FLIP THE EQUATION AND EMPOWER TEENS TO BECOME TEACHERS THEMSELVES, BRINGING ONE-ON-ONE READING RELATIONSHIPS TO OAKLAND'S YOUNGEST AND MOST VULNERABLE VIA THE COMMUNITY READING BUDDIES PROGRAM (CRB). THROUGH CRB, OVER 200 TEENS BECOME TRAINED LITERACY INSTRUCTORS FOR OUR COMMUNITY'S YOUNGEST AND MOST AT-RISK READERS: PREK - 3RD GRADERS FROM LOW-INCOME FAMILIES AND DISADVANTAGED BACKGROUNDS. IN PAIRS, TEENS AND THEIR "BUDDIES" READ AND CONNECT ALL SUMMER, FORMING RELATIONSHIPS AND BUILDING SKILLS CRITICAL FOR SUCCESS IN SCHOOL. AS WITH ALL OF OUR PROGRAMMING, COMMUNITY READING BUDDIES NURTURES BOTH EDUCATIONAL EQUITY AND COMMUNITY BONDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tejaswi Doddapaneni Board Member | OfficerTrustee | 3 | $0 |
Nancy E Glasenk Board Member | OfficerTrustee | 3 | $0 |
Katrina M Journey Board Member | OfficerTrustee | 3 | $0 |
Dana Sherry Board Member | OfficerTrustee | 3 | $0 |
Jack Woodruff Board Chair | OfficerTrustee | 6 | $0 |
Linda Pelton Board Member | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,611 |
| Total Program Service Revenue | $259,852 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,726 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,466 |
| Payroll taxes | $32,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,917 |
| Advertising and promotion | $3,615 |
| Office expenses | $6,456 |
| Information technology | $1,978 |
| Royalties | $0 |
| Occupancy | $5,350 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188 |
| Interest | $1,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,732 |
| Total functional expenses | $477,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,854 |
| 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 | $72 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,700 |
| Total assets | $300,530 |
| Accounts payable and accrued expenses | $9,708 |
| Grants payable | $0 |
| Deferred revenue | $25,308 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $137,062 |
| Other liabilities | $20,492 |
| Total liabilities | $192,570 |
| Net assets without donor restrictions | $107,960 |
| 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 | $300,530 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aspire Education Project has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Impact 100 East Bay Inc Castro Valley, CA PURPOSE: Reading buddies program for disadvantaged youth initial installment disbursed | $100,000 |
Bernard E & Alba Witkin Charitable Foundation Berkeley, CA PURPOSE: READIN BUDDIES PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reading Partners Oakland, CA | $38,809,028 | $49,953,069 |
Institute For Native Pacific Education And Culture Kapolei, HI | $1,941,780 | $5,639,876 |
San Joaquin A Plus Inc Stockton, CA | $3,892,784 | $3,942,790 |
Make Way For Books Tucson, AZ | $2,670,198 | $2,705,326 |
United Through Reading San Diego, CA | $1,933,982 | $2,576,774 |
Tandem Partners In Early Learning San Francisco, CA | $1,207,894 | $2,135,047 |
Developments In Literacy Inc Irvine, CA | $1,716,599 | $2,242,453 |
The Riordan Foundation South Pasadena, CA | $13,591,111 | $7,320,901 |
Arpan Foundation Incorporated Diamond Bar, CA | $1,095,710 | $1,209,090 |
Read Better Be Better Phoenix, AZ | $1,920,458 | $1,563,168 |
Oakland Literacy Coalition Oakland, CA | $916,422 | $1,367,279 |
916 Ink Sacramento, CA | $593,574 | $1,036,980 |