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 06/2022, 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 06/2022, Aspire Carolinas Foundation Inc generated $5.2m in total revenue. All expenses for the organization totaled $754.6k during the year ending 06/2022. While expenses have increased by 90.0% per year over the past 3 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
2022
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer Nichols Director | OfficerTrustee | 40 | $100,000 |
Dale Halton Vice-Chair | Officer | $0 | |
Lauren Nicholson Treasurer | Officer | $0 | |
Derek Partee Secretary | Officer | $0 | |
James Secuda Chair | Officer | $0 |
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 | $4,755,827 |
Noncash contributions included in lines 1a–1f | $4,655,832 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,755,827 |
Total Program Service Revenue | $446,050 |
Investment income | $1,414 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $36,544 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,242,941 |
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 | $447,975 |
Pension plan accruals and contributions | $45,336 |
Other employee benefits | $0 |
Payroll taxes | $35,979 |
Fees for services: Management | $0 |
Fees for services: Legal | $900 |
Fees for services: Accounting | $2,009 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $15,431 |
Advertising and promotion | $0 |
Office expenses | $10,971 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $29,132 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,373 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $72,692 |
Insurance | $0 |
All other expenses | $26,892 |
Total functional expenses | $754,570 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $365,170 |
Savings and temporary cash investments | $5,352,815 |
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 | $3,097,060 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $45,577 |
Total assets | $8,860,622 |
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 | $1,712 |
Total liabilities | $1,712 |
Net assets without donor restrictions | $954,198 |
Net assets with donor restrictions | $7,904,712 |
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 | $8,860,622 |
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