Aroostook Aspiration Initiative
- Assets
- $573.1k
- Revenue
- $128.5k
- Investments
- $360.8k
- Employees
- 1
- Location
- Presque Isle, ME
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 46-1594917
Organization Overview
Aroostook Aspiration Initiative is located in Presque Isle, ME. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aroostook Aspiration Initiative 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 12/2021, Aroostook Aspiration Initiative generated $128.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $96.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
(A) PROMOTING ACCESS AND AVAILABILITY OF HIGHER EDUCATION OPPORTUNTIES TO MAINE'S HIGH SCHOOL GRADUATES (B) PROVIDING FINANCIAL ASSISTANCE TO ACADEMICALLY DERSING AND/OR FINANCAILLY NEEDY HIGH SCHOOL GRADUATES IN THE FORM OF SCHOLARSHIP GRANTS AND AWARDS (C) RAISING FUNDS AND ACEPTING CONTRIBUTIONS, GRANTS, OR GIFTS FRON ANY PUBLIC OR PROVATE AGENCY, ORGANIZATION, OR INDIVIDUAL FOR THE PURPOSES OF FINANCING ITS ACTIVITIES AND EXPENDING THOSE MONIES FOR THE PURPOSES OF THE CORPORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WILL AWARD A 1,000 SCHOLARSHIP FOR A SENIOR IN EACH OF THE 16 HIGH SCHOOLS IN AROOSTOOK COUNTY. OUR PRIORITY POPULATION IS THE FIRST GENERATION AND/OR ECONOMICALLY DISADVANTAGED AROOSTOOK COUNTY YOUTH WHO SELECTS ONE OF THE 3 COLLEGES LOCATED IN AROOSTOOK COUNTY OR THE 1 COLLEGE IN KENNEBEC COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raynold Gauvin Treasurer | OfficerTrustee | 10 | $0 |
Sandra Gauvin President | OfficerTrustee | 10 | $0 |
Christopher Rogeski Secretary | OfficerTrustee | 1 | $0 |
Scott Smith Vice Preside | OfficerTrustee | 1 | $0 |
Jennifer Deschene Director | Trustee | 1 | $0 |
Haley Kelley Director | Trustee | 1 | $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 | $101,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,862 |
| Total Program Service Revenue | $0 |
| Investment income | $20,607 |
| 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 | $128,543 |
| 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 | $29,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,829 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,330 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $803 |
| Insurance | $1,593 |
| All other expenses | $1,990 |
| Total functional expenses | $96,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $360,794 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,142 |
| Accounts payable and accrued expenses | $550 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $550 |
| Net assets without donor restrictions | $109,060 |
| Net assets with donor restrictions | $463,532 |
| 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 | $573,142 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aroostook Aspiration Initiative has recieved totaling $5,005.
| Awarding Organization | Amount |
|---|---|
Fisher Charitable Foundation Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Maine Community Action Inc East Wilton, ME | $2,655,425 | $7,908,915 |
Midcoast Maine Community Action Bath, ME | $8,784,018 | $7,409,207 |
Gather Portsmouth, NH | $3,371,502 | $5,178,457 |
Listen Lebanon In Service To Each Neighbor Lebanon, NH | $8,445,232 | $5,474,105 |
Family Resource Center At Gorham Gorham, NH | $2,061,078 | $4,256,786 |
Second Start Concord, NH | $3,257,715 | $3,964,815 |
Knox County Homeless Coalition Rockland, ME | $2,775,608 | $3,860,914 |
Snhs Management Corporation Manchester, NH | $31,390,681 | $3,932,890 |
Topfield Foundation Inc Loudon, NH | $42,571 | $1,936,292 |
Crotched Mountain Foundation Manchester, NH | $33,417,985 | $3,858,205 |
The Front Door Agency Inc Nashua, NH | $5,544,911 | $2,115,957 |
Swimming With A Mission Inc Bedford, NH | $1,000,015 | $1,985,165 |