Aspira Inc Of New Jersey
- Assets
- $872.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 74
- Location
- Newark, NJ
- Founding
- 03/1969
- Data as of
- 06/2022
- EIN
- 22-1859916
Organization Overview
Aspira Inc Of New Jersey is located in Newark, NJ. The organization was established in 1969. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Aspira Inc Of New Jersey employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspira Inc Of New Jersey 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 06/2022, Aspira Inc Of New Jersey generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASPIRA INC OF NEW JERSEY DEVELOPS THE INTELLECTUAL AND CREATIVE CAPACITY OF PUERTO RICAN AND OTHER YOUTH IN THEIR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK READINESS PROGRAM: ASSIST OUT OF WORK CLIENTS WITH DEVELOPMENT OF BASICS JOB SEARCH TECHNIQUES & ACQUISITION OF SOFT SKILLS NEEDED TO FIND AND SECURE EMPLOYMENT.
THE COMPREHENSIVE SUPPORT SERVICE THAT ARE PROVIDED TO HELP CHILDREN AND FAMILIES MEET THEIR NEEDS BY PROVIDING SAFE NATURE AND SUPPORT SYSTEMS THROUGHOUT DIFFERENT AGENCIES AND PROGRAM WITHIN THE STATE OF NJ. THOSE PROGRAMS ARE: JUVENILE JUSTICE PROGRAM, ASPIRA FITNESS BOXING PROGRAM, FAMILY SUCCESS CENTER, AMONG OTHERS.
EDUCATION LEADERSHIP DEVELOPMENT INCLUDING,21ST CENTURY PROGRAM:SUCCESSFULLY SERVED OVER 300 KIDS IN LUIS MUNOZ MARIN AND RAFAEL HERNANDEZ ELEMENTARY SCHOOLS DURING THE ACADEMIC YEAR IN FILL STEM PROGRAMMING FOR GRADES 4 TO 8. PROVIDED SCHOLARSHIPS TO 10 KIDS FOR ATTENDING COLLEGE,EXPANDED ASPIRA CLUBS TO MORE SCHOOLS INCLUDING BARRINGER HIGH SCHOOL AND TECHNOLOGY HIGH SCHOOL. EXPANDED PROGRAMMING TO NOW INCLUDE A PARTNERSHIP WITH NEWARK PUBLIC SCHOOLS AND PROGRAM FOR PARENTS TO OFFER SERVICES TO THE PRE K AND K CHILDREN AT LUIS MUNOZ MARIN, AVON AVE AND LUIS A SPENSCER SCHOOL
PROVIDED JOB SERACH ASSSITANCE TO OVER 100 CLIENTS WHO RECEIVED PUBLIC ASSISTANCE THROUGH ESSEX COUNTY CITIZEN SERVICES. SERVICED OVER 450 CHILDREN THROUGH OUT SUMMER PROGRAM, PROVIDING THEM WITH MANY FUN AND EDUCATIONAL ACTIVITIES THROUHGOUT THE SUMMER AT MCKINLEY ELEMENTARY AND ELLIOT STREET SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Valentin Jr Executive Director | Officer | 2 | $242,635 |
Fernando Acevedo Jr Chairperson | Officer | 2 | $0 |
Mr Aurelio Diaz Treasurer | Officer | 2 | $0 |
Victor Afanador Secretary | Officer | 2 | $0 |
Elizabeth Jimenez Member | Officer | 2 | $0 |
Natasha Alvarado Member-Student Rep | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,044,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,801 |
| Total Program Service Revenue | $0 |
| 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 | $1,413,779 |
| 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. | $242,635 |
| Compensation of current officers, directors, key employees. | $180,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,390 |
| Payroll taxes | $117,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,878 |
| Advertising and promotion | $0 |
| Office expenses | $87,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,466 |
| Travel | $20,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,307 |
| Interest | $2,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,203 |
| Insurance | $34,823 |
| All other expenses | $50,871 |
| Total functional expenses | $1,647,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $353,738 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,398 |
| Total assets | $872,110 |
| Accounts payable and accrued expenses | $0 |
| 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 | $24,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273 |
| Total liabilities | $24,589 |
| Net assets without donor restrictions | $847,521 |
| 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 | $872,110 |