2023-08-21T10:37:50-05:00 2022-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-01-01 870960615 Aspire Institute Inc ASPI 6172912101 1627 Massachusetts Avenue Cambridge MA 02138 Meena Sonea Hewett Executive Director 6172912101 2023-08-17 1 Meena Sonea Hewett 999009999 1 Joseph R Byrne P01289281 2077752387 2023-08-17 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Meena Sonea Hewett 1627 Massachusetts Avenue Cambridge MA 02138 3350000 0 X www.aspireleaders.org X 2021 MA To transform the lives of low-income students globally by identifying and nurturing hidden talent to build cohorts of next-generation leaders. 3 2 13 32 0 0 105000 3350000 65000 0 0 0 0 0 170000 3350000 0 35763 0 0 67064 587331 0 0 0 55527 243354 122591 866448 47409 2483552 48449 2610387 1040 15923 47409 2594464 X To transform the lives of low-income students globally by identifying and nurturing hidden talent to build cohorts of next-generation leaders. 0 0 741681 35763 Leaders in Training:Candidates for the program receive a host of academic and professional development resources through a tiered application structure that reaches thousands of students globally. In 2022, Aspire reached students across 135 countries and plans to accept applications from all over the globe this year.Students access Harvard course materials, receive developmental feedback, find strong intellectual communities, and interact directly with faculty and one another as they grapple with questions of identity, technology, ethics, and structural change. Leaders of Tomorrow:ScholarshipsUp to 10 scholarships available for up to $1,000 USD purchasing power parity per qualifying finalist. Two types of scholarships: online academic or internship experience.Community Action AwardsFunding for projects dedicated to catalyzing high-impact ideas. Up to nine awards, each up to $10,000 USD purchasing power parity. Project teams must have at least one 2021 finalist and a domestic partner organization.Mentorship OpportunitiesAccess to mentorship opportunities from industry leaders across the world for finalists. Mentors have offered to provide advice on professional career growth, job searches, interviews, graduate school application, etc. 741681 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 MA X Arthur Hunt 2034301095 1627 Massachusetts Avenue Cambridge MA 02138 Tarun Khanna President & Director 5.00 X X 0 0 0 Karim Lakhani Treasurer & Director 5.00 X X 0 0 0 Meena Sonea Hewett Executive Director & Clerk 50.00 X X 170655 0 31905 Arthur Hunt Finance Officer 20.00 X 3960 0 0 174615 0 31905 1 0 1 0 0 3350000 3350000 3350000 0 0 0 150 150 35613 35613 206520 181899 24621 321865 283492 38373 20259 17844 2415 38687 34075 4612 14000 14000 15895 15895 62396 42531 19865 19535 19535 33300 31972 1328 43151 43151 44577 42100 2477 7417 7417 661 661 Miscellaneous Expense 2422 1902 520 866448 741681 124767 0 48449 624563 1963503 22321 48449 2610387 1040 15923 1040 15923 X 47409 544464 2050000 47409 2594464 48449 2610387 X 2483552 150000 -86497 X 0 1 X 1 0 X 255000 3350000 3605000 255000 3350000 3605000 3239500 365500 3605000 65000 X Schedule A, Part II, Short Year: 2021 was the first year of operation for the Organization. Schedule A, Part II, 2021 column contains information for the short period 6/1/2021-12/31/2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3263503 0 3263503 86497 86497 3350000 866448 0 866448 0 866448 Part XI, Line 4b - Other Adjustments: Change in Present Value Adjustment of Pledges 86,497. 1 Sub-Saharan Africa 0 0 Grantmaking 24000 0 0 0 0 0 0 24000 0 24000 Sub-Saharan Africa Public Health Initiative related to Menstruation 7000 Wire Transfer 0 Sub-Saharan Africa Teach HS students the importance of local agriculture in local communities 9000 Wire Transfer 0 Sub-Saharan Africa Access to water and sanitation facilities in the informal settlements in Kampala 8000 Wire Transfer 0 3 0 0 0 0 0 0 0 Part I, Line 2: Aspire makes competitive grants for community development projects to Alumni around the world. The are called Community Action Awards (CAA) and can be up to $10,000 for projects benefiting their local communities. In most cases, CAA awards were disbursed to a local NGO acting as the fiscal sponsor for the recipient. Part III Accounting Method: X X 0 0 0 0 0 0 0 0 0 Meena Sonea Hewett Executive Director & Clerk 170655 0 0 0 0 0 0 0 31905 0 202560 0 0 0 Form 990, Part VI, Section B, line 11b The Board is given a draft copy of the entity's Form 990 to review for accuracy prior to filing the return. Form 990, Part VI, Section B, line 12c The Organization regularly monitors compliance with its conflict of interest policy.: "Aspire Institute is concerned with conflicts of interest that create actual or potential job-related concerns, especially in the areas of confidentiality, student, relations, safety, security, and morale. If there is any actual or potential conflict of interest between you and a competitor, supplier, distributor, or contactor to the organization, you must disclose it to yours manager. If an actual or potential conflict of interest is determined to exist, the organization will take such steps as it deems necessary to reduce or eliminate this conflict." Form 990, Part VI, Section B, line 15a Benchmarked against comparable positions and years of experience of the ED at other non profits. Form 990, Part VI, Section C, line 19 In addition, Form 990 and 1023 and conflicts of interest policy are available upon written request or by calling the organization. Form 990, Part XI, line 9: Change in Present Value Adjustment of Pledges -86,497.