Aspire Carolinas Foundation Inc
- Assets
- $12.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Belmont, NC
- Founding
- 06/2018
- Data as of
- 06/2023
- EIN
- 82-3432311
Organization Overview
Aspire Carolinas Foundation Inc is located in Belmont, NC. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Aspire Carolinas Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspire Carolinas Foundation 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 06/2023, Aspire Carolinas Foundation Inc generated $5.2m in total revenue. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 62.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASPIRE CAROLINAS FOUNDATION, INC., IS A NON-PROFIT ORGANIZATION DESIGNED TO DEVELOP, SUPPORT, AND MAINTAIN SCHOOLS THAT TEACH CHILDREN WITH AUTISM/ ASPERGER'S ANDLEARNING DIFFERENCES IN THE GREATER CHARLOTTE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HALTON SCHOOL: AN EXTRAORDINARY SCHOOL DESIGNED FOR 3-8TH GRADERS WITH ASPERGERS AND TRAITS ASSOCIATED WITH AUTISM SPECTRUM DISORDER. IN RESPONSE TO THE LIMITED EDUCATION OPTIONS IN THE GREATER CHARLOTTE REGION FOR AVERAGE- TO ABOVE-AVERAGE INTELLIGENCE CHILDREN WITH ASPERGER?S/AUTISM SPECTRUM DISORDER AND OTHER SPECIFIC LEARNING DIFFERENCES, ASPIRE CAROLINAS FOUNDATION WILL OPEN THE HALTON SCHOOL, THE FIRST OF THREE SCHOOLS IN THE HUNTERSVILLE EDUCATION VILLAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Nichols Director | OfficerTrustee | 40 | $99,343 |
Dale Halton Vice-Chair | Officer | $0 | |
Lauren Nicholson Treasurer | Officer | $0 | |
Derek Partee Secretary | Officer | $0 | |
James Secuda Chair | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,215,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,343,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,558,650 |
| Total Program Service Revenue | $665,083 |
| Investment income | $16,893 |
| 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 | $5,241,069 |
| 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 | $661,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,830 |
| Payroll taxes | $50,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,054 |
| Fees for services: Accounting | $6,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,466 |
| Travel | $1,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,831 |
| Insurance | $0 |
| All other expenses | $64,560 |
| Total functional expenses | $1,231,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,998 |
| Savings and temporary cash investments | $664,296 |
| 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 | $3,067,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,746,090 |
| Total assets | $12,868,331 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,204,035 |
| Net assets with donor restrictions | $664,296 |
| 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 | $12,868,331 |