Aspire Public Schools Foundation
- Assets
- $4.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- Data as of
- 06/2021
- EIN
- 84-2381617
Organization Overview
Aspire Public Schools Foundation is located in Oakland, CA. Aspire Public Schools Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NONPROFIT ASPIRE PUBLIC SCHOOLS FOUNDATION IS THE PHILANTHROPIC ARM OF ASPIRE PUBLIC SCHOOLS. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL AND MATERIAL RESOURCES TO FURTHER ASPIRE'S MISSION OF PREPARING OUR 15,300+ SCHOLARS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. PHILANTHROPIC DOLLARS ARE HELD WITHIN THE FOUNDATION TO ENSURE TRANSPARENCY REGARDING UTILIZATION OF FUNDS FOR THEIR INTENDED PURPOSES. RESOURCES GARNERED BY THE FOUNDATION ARE ALLOCATED DIRECTLY TO SUPPORT FACILITIES, GROWTH AND EXPANSION, AND KEY ORGANIZATIONAL INITIATIVES THAT BETTER SERVE ALL OF OUR SCHOLARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NONPROFIT ASPIRE PUBLIC SCHOOLS FOUNDATION IS THE PHILANTHROPIC ARM OF ASPIRE PUBLIC SCHOOLS. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL AND MATERIAL RESOURCES TO FURTHER ASPIRE'S MISSION OF PREPARING OUR 15,500 SCHOLARS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. PHILANTHROPIC DOLLARS ARE HELD WITHIN THE FOUNDATION TO ENSURE TRANSPARENCY REGARDING UTILIZATION OF FUNDS. RESOURCES GARNERED BY THE FOUNDATION ARE ALLOCATED DIRECTLY TO SUPPORT FACILITIES, GROWTH AND EXPANSION, AND KEY ORGANIZATIONAL INITIATIVES THAT BETTER SERVE ALL OF OUR SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liat Bishko Chair | OfficerTrustee | 2 | $0 |
Mala Batra President | Officer | 2 | $0 |
Michael Wimbish CFO | Officer | 2 | $0 |
Jeanine Hawk Until Oct 2020 CFO | Officer | 2 | $0 |
Betsy Ellis Chung Director | Trustee | 2 | $0 |
Beth Grossman Director | Trustee | 2 | $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 | $4,763,680 |
| Noncash contributions included in lines 1a–1f | $48,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,763,680 |
| 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 | $4,763,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $358,224 |
| 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 | $947,093 |
| Pension plan accruals and contributions | $151,765 |
| Other employee benefits | $10,582 |
| Payroll taxes | $144,133 |
| 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 | $179,174 |
| Advertising and promotion | $0 |
| Office expenses | $166,631 |
| Information technology | $184,601 |
| Royalties | $0 |
| Occupancy | $156,295 |
| Travel | $19,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $326,763 |
| Total functional expenses | $2,687,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,857,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $375,000 |
| 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 | $39,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,272,358 |
| Accounts payable and accrued expenses | $9,768 |
| 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 | $621,092 |
| Total liabilities | $630,860 |
| Net assets without donor restrictions | $2,160,285 |
| Net assets with donor restrictions | $1,481,213 |
| 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 | $4,272,358 |
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