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 06/2023, Aspire Education Project employed 44 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 06/2023, Aspire Education Project generated $398.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $565.0k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE EVERY STUDENT IN THE BAY AREA HAS ACCESS TO AN EDUCATIONAL MENTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jack Woodruff Board Chair | OfficerTrustee | 4 | $0 |
Nancy E Glasenk Board Member | OfficerTrustee | 2 | $0 |
Albert Liu Board Member | Trustee | 2 | $0 |
Dana Sherry Board Member | Trustee | 2 | $0 |
Dr Linda L Delgado Board Member | Trustee | 2 | $0 |
Fatemeh Khatibloo Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $90,000 |
All other contributions, gifts, grants, and similar amounts not included above | $148,434 |
Noncash contributions included in lines 1a–1f | $6,094 |
Total Revenue from Contributions, Gifts, Grants & Similar | $238,434 |
Total Program Service Revenue | $156,529 |
Investment income | $3,704 |
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 | $398,667 |
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. | $37,030 |
Compensation of current officers, directors, key employees. | $8,063 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $309,562 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,135 |
Payroll taxes | $27,551 |
Fees for services: Management | $0 |
Fees for services: Legal | $490 |
Fees for services: Accounting | $15,575 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $62,684 |
Advertising and promotion | $16,356 |
Office expenses | $2,590 |
Information technology | $4,184 |
Royalties | $0 |
Occupancy | $16,450 |
Travel | $1,980 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $21 |
Interest | $13,750 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $4,755 |
All other expenses | $2,462 |
Total functional expenses | $564,993 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $266,465 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $33,927 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $252,700 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,700 |
Total assets | $554,792 |
Accounts payable and accrued expenses | $18,091 |
Grants payable | $500,000 |
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 | $0 |
Other liabilities | $13,935 |
Total liabilities | $557,334 |
Net assets without donor restrictions | -$2,542 |
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 | $554,792 |