Austin Aspires Inc
- Assets
- $561.1k
- Revenue
- $529.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Austin, MN
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5424422
Organization Overview
Austin Aspires Inc is located in Austin, MN. The organization was established in 2014. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Austin Aspires Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Aspires 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 12/2021, Austin Aspires Inc generated $529.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $546.8k during the year ending 12/2021. 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
AUSTIN ASPIRES INC STRIVES TO DEVELOP A WORLD-CLASS, UNIQUE CITY-WIDE LEARNING CAMPUS LINKING TOGETHER THE ARTS, EDUCATION, SCIENCE AND BUSINESS COMMUNITIES. THIS ENVIRONMENT WILL EMPHASIZE PROGRAMS IN SCIENCE AND TECHNOLOGY, COLLEGE-READINESS, ALTERNATIVE LEARNING AND REAL-LIFE APPLICATION TO PREPARE STUDENTS FOR THE WORK FORCE AND/OR HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUSTIN ASPIRES WILL BRING TOGETHER COMMUNITY RESOURCES AND FAMILIES TO CHALLENGE ALL LEARNERS TO SEEK EXCELLENCE AND EQUIP THEM TO ACHIEVE RESULTS THROUGH SHARED COMMUNITY VISION, EVIDENCE-BASED DECISION MAKING, COLLABORATIVE ACTION, AND INVESTMENT AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Gibson Executive Di | Officer | 40 | $99,538 |
Gema Alvarado President | OfficerTrustee | 3 | $0 |
Jill Andrews Treasurer | OfficerTrustee | 3 | $0 |
Shelly King Vice Preside | OfficerTrustee | 2 | $0 |
Jill Hart Secretary | OfficerTrustee | 2 | $0 |
Sheri Dankert Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $84,267 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,188 |
| Noncash contributions included in lines 1a–1f | $10,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,740 |
| Total Program Service Revenue | $17,000 |
| Investment income | $215 |
| 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 | $528,955 |
| 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. | $99,538 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,891 |
| Payroll taxes | $28,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,184 |
| Advertising and promotion | $2,001 |
| Office expenses | $24,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,216 |
| Travel | $975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,716 |
| All other expenses | $0 |
| Total functional expenses | $546,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,265 |
| Savings and temporary cash investments | $502,795 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,060 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $190,000 |
| 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 | $345 |
| Total liabilities | $190,345 |
| Net assets without donor restrictions | $370,715 |
| 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 | $561,060 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Austin Aspires Inc has recieved totaling $287,667.
| Awarding Organization | Amount |
|---|---|
Strivetogether Inc Cincinnati, OH PURPOSE: Challenge Fund | $190,000 |
United Way Of Mower County Inc Austin, MN PURPOSE: HORMEL FOUNDATION GRANT-UW PASSES THROUGH GRANT | $77,667 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $20,000 |