2024-05-15T07:52:07-05:00 2023-06-30 131459550 MAZARS USA LLP 1330 BOYLSTON STREET CHESTNUT HILL MA 02467 990 2022-07-01 461314848 UASPIRE INC UASP 8573440770 6 LIBERTY SQUARE PMB 98549 BOSTON MA 02109 JACLYN PINERO CHIEF EXECUTIVE OFFICER 8573440770 2024-05-14 1 JACLYN PINERO 999009999 0 TAMAR PLOTZKER P02047230 6177311222 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JACLYN PINERO 6 LIBERTY SQUARE PMB 98549 BOSTON MA 02109 18367111 0 X WWW.UASPIRE.ORG X 2012 MA UASPIRE WORKS TO REMOVE FINANCIAL BARRIERS TO A POSTSECONDARY DEGREE. 25 25 86 26 0 0 9327389 11024591 1435971 1101816 238275 133498 0 87219 11001635 12347124 199534 301489 0 0 5994246 7074058 0 0 1946863 1489415 1741240 7683195 9116787 3318440 3230337 9973087 13772012 717706 1087280 9255381 12684732 X UASPIRE'S MISSION IS TO IMPROVE THE ECONOMIC MOBILITY OF UNDERREPRESENTED STUDENTS BY CREATING FINANCIAL SOLUTIONS TO DIVERSE POSTSECONDARY PATHWAYS. 0 0 3117071 174725 826362 UASPIRE GUIDES STUDENTS, FAMILIES, AND COMMUNITIES TO NAVIGATE COMPLEX FINANCIAL AID SYSTEMS IN PURSUIT OF EQUITABLE ACCESS TO AFFORDABLE POSTSECONDARY PATHWAYS THROUGH IN-PERSON AND VIRTUAL ADVISING. UASPIRE PROVIDES POSTSECONDARY FINANCIAL AID ADVISING TO 10,000 STUDENTS IN LOCATIONS ACROSS MASSACHUSETTS (BOSTON, CAMBRIDGE, SOMERVILLE, MALDEN, AND FALL RIVER) AND THE SAN FRANCISCO BAY AREA (SAN FRANCISCO, OAKLAND, AND HAYWARD) AND NEW YORK, NEW YORK. UASPIRE'S HIGH SCHOOL ADVISING PROGRAM, AFFORD, DELIVERS ROBUST, INDIVIDUALIZED SUPPORT IN THEIR HIGH SCHOOLS AND OVER TEXT MESSAGING TO APPLY FOR FINANCIAL AID, MAKE FINANCIALLY INFORMED COLLEGE DECISIONS, AND SUCCESSFULLY ENROLL. UASPIRE'S POSTSECONDARY ADVISING PROGRAM, SUCCEED, SUPPORTS STUDENTS TO MAINTAIN/SECURE FINANCIAL AID AND MANAGE COLLEGE COSTS TO PERSIST AND ULTIMATELY COMPLETE THEIR DEGREES. UASPIRE ADVISORS SUPPLEMENT HIGH SCHOOL COUNSELORS AND OTHER COMMUNITY-BASED ORGANIZATIONS WHO DEPEND ON UASPIRE TO HELP WITH THE FINANCIAL ISSUES RELATED TO AFFRODABILITY, MATRICULATION AND PERSISTENCE TO A CERTIFICATE OR DEGREE. 1447211 275454 UASPIRE TRAINS SCHOOL COUNSELORS AND PROGRAM STAFF TO SUPPORT THE STUDENTS THEY WORK WITH THROUGH THE FINANCIAL AID PROCESS. TAILORED TO STAFF'S EXPERIENCE AND STATE CONTEXT, OUR ONLINE AND IN-PERSON COURSES OFFER BEST-IN-CLASS INSTRUCTION, ACTION PLANNING, AND TOOLS TO USE WITH STUDENTS AND FAMILIES. WE ALSO OFFER PRACTITIONERS UNLIMITED ONLINE ACCESS TO UASPIRE'S RESOURCES, TECHNICAL ASSISTANCE, AND FINANCIAL AID EXPERTISE THROUGH OUR PARTNER PORTAL. THROUGH THE PORTAL, MEMBERS CAN REQUEST SUPPORT OR ASK A QUESTION TO GET THE BEST SOLUTION FOR THEIR STUDENTS, FIND HOW-TO VIDEOS AND TOOLS TO SHARE WITH STUDENTS AND FAMILIES, AND STAY CURRENT WITH COLLEGE AFFORDABILITY NEWS. 723606 BY LEVERAGING OUR OWN AND OUR STUDENTS' FINANCIAL AID EXPERTISE, UASPIRE ADVOCATES FOR INSTITUTIONAL, STATE, AND FEDERAL POLICY CHANGE TO TRANSFORM FINANCIAL AID AND HIGHER EDUCATION SYSTEMS. WE ALSO RUN A PAID POLICY FELLOWSHIP, WHERE COLLEGE STUDENTS BUILD ADVOCACY SKILLS AND INFLUENCE POLICYMAKERS TO MAKE HIGHER EDUCATION MORE AFFORDABLE AND EQUITABLE. 232303 126764 87219 OTHER PROGRAM SERVICES CONSIST OF OUR: 1) CONSULTING PRACTICE WHERE WE COLLABORATE WITH PARTNERS TO ASSESS THEIR NEEDS AND OFFER UNIQUELY DESIGNED SOLUTIONS IN THE AREAS OF CONTENT DEVELOPMENT, PROGRAM IMPROVEMENT AND SYSTEMS CHANGE, BY LEVERAGING OUR FINANCIAL AID EXPERTISE, STUDENT-ADVISING EXPERIENCE, AND STUDENT-CENTERED RESEARCH; AND 2) SCHOLARSHIP AND EMERGENCY AID SUPPORT WHICH IS INCLUSIVE OF THE DISTRIBUTION AND ADMINISTRATION OF FUNDS AS WELL AS PROGRAM QUALITY AND EVALUATION. 232303 126764 87219 5520191 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 86 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CA PA NY X JACLYN PINERO 8573440770 6 LIBERTY SQUARE PMB 98549 BOSTON MA 02109 KERRY ANN JAMES BOARD CHAIR 1.00 X X 0 0 0 BILL MCCLEMENTS VICE CHAIR 1.00 X X 0 0 0 MICHAEL BOYLE TREASURER 1.00 X X 0 0 0 CYNTHIA RIVERA WEISSBLUM SECRETARY 1.00 X X 0 0 0 HO NAM DIRECTOR 1.00 X 0 0 0 PETER NOVEMBER DIRECTOR 1.00 X 0 0 0 BOB SHIREMAN DIRECTOR (THRU 12/2022) 1.00 X 0 0 0 JOEL STEINHAUS DIRECTOR (THRU 6/30/23) 1.00 X 0 0 0 LUIS ECHEVERRI DIRECTOR (THRU 6/30/23) 1.00 X 0 0 0 AMIT PATEL DIRECTOR 1.00 X 0 0 0 NADINE DUPLESSY KEARNS DIRECTOR 1.00 X 0 0 0 MARK ALPER DIRECTOR (THRU 6/30/23) 1.00 X 0 0 0 SYDNEY ATKINS DIRECTOR 1.00 X 0 0 0 MAY BUMAR DIRECTOR 1.00 X 0 0 0 JONATHAN COX DIRECTOR 1.00 X 0 0 0 VALDUVINO GONCALVES DIRECTOR 1.00 X 0 0 0 SIMONE HILL DIRECTOR 1.00 X 0 0 0 JOHN HUDSON DIRECTOR 1.00 X 0 0 0 BILL MANDELL DIRECTOR 1.00 X 0 0 0 BOB O'SULLIVAN DIRECTOR 1.00 X 0 0 0 SHARAM PAVRI DIRECTOR 1.00 X 0 0 0 KATHRYN SCHOX DIRECTOR 1.00 X 0 0 0 CHARLES SHIRLEY DIRECTOR 1.00 X 0 0 0 JENN STREDLER DIRECTOR 1.00 X 0 0 0 LAURIE THOMSEN DIRECTOR (THRU 6/30/23) 1.00 X 0 0 0 ELLYN CHARTERS ZARRACINA DIRECTOR (THRU 6/30/23) 1.00 X 0 0 0 DAVID DORE CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 168853 0 35226 JACLYN PINERO CHIEF EXECUTIVE OFFICER 50.00 X 222804 0 38983 JANEIRA FORTE CHIEF IMPACT OFFICER 40.00 X 181817 0 10476 HOLLY MORROW CHIEF KNOWLEDGE OFFICER 40.00 X 172761 0 32405 AYEESHA LANE CHIEF PEOPLE AND OPERATIONS OFFICER 40.00 X 164730 0 32263 JERMAINE MYRIE CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 185840 0 10690 CARRIE FETHE VP OF MARKETING & COMMUNICATIONS 40.00 X 108643 0 6674 LEAH MCLEAN VP OF EXTERNAL ENGAGEMENT 40.00 X 116666 0 17106 SAGE RUTH SENIOR VP OF FINANCE & OPERATIONS 40.00 X 117903 0 34929 ANIKA VAN EATON VICE PRESIDENT OF POLICY 50.00 X 115543 0 15655 KIMBERLY NIDAH VP OF DEVELOPMENT, MA 40.00 X 112573 0 11495 1668133 0 245902 13 0 1 0 POSITIVELY PARTNERS 6218 GEORGIA AVE NW 5072 WASHINGTON DC 20011 HUMAN RESOURCES SERVICES 108846 1 11024591 120692 11024591 COLLEGE AFFORDABILITY ADVISING 611710 826362 826362 TRAINING & TECHNICAL ASSISTANCE 611710 275454 275454 1101816 190831 190831 5962654 6019987 -57333 -57333 -57333 MISC. REVENUE 900099 87219 87219 87219 12347124 1189035 0 133498 301489 301489 1212813 733267 194535 285011 4673565 2825721 749578 1098266 183750 111096 29473 43181 578344 349679 92757 135908 425586 257316 68259 100011 32500 32500 42561 42561 531863 199568 289586 42709 32676 26141 6535 98816 54995 16034 27787 209546 176382 9136 24028 394329 238618 63243 92468 112626 79934 19480 13212 47442 33670 8207 5565 5525 3341 886 1298 13641 8247 2188 3206 STAFF DEVELOPMENT 187096 113121 30008 43967 EVENTS 24500 2697 21803 EQUIPMENT RENTAL & MAIN 8119 4909 1302 1908 9116787 5520191 1649733 1946863 3910392 3063990 45454 83175 692892 3874252 271494 244609 108318 136325 60562 59364 6723 1198 4928114 6195608 9700 172855 9973087 13772012 544214 802167 1600 171892 285113 717706 1087280 X 5401139 7525070 3854242 5159662 9255381 12684732 9973087 13772012 3230337 199014 0 X 0 1 X 1 0 X 7892435 10950535 6954691 9327389 11024591 46149641 7892435 10950535 6954691 9327389 11024591 46149641 14759603 31390038 52160 40774 56503 107745 190831 448013 87219 87219 46684873 4691948 0.67240 0.68120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 578 23053 23631 9093156 9116787 605839 151460 0 0 562889 543019 534160 605839 2245907 3368861 9669 12011 6692 23631 52003 140722 135755 133540 151460 561477 842216 578 578 557909 26096 26096 557909 557909 30226 -30226 557909 557909 24498 24498 557909 557909 19648 19648 557909 605033 41395 88519 557909 1.00000 0 0 28028 27623 405 32534 31741 793 1198 OTHER LIABILITIES 17433 DONOR-DESIGNATED FUNDS 83517 OPERATING LEASE LIABILITY 184163 285113 12585734 199014 82157 281171 12304563 42561 42561 12347124 9156383 82157 82157 9074226 42561 42561 9116787 PART V, LINE 4: THE PERMANENT ENDOWMENT CONSISTS OF INVESTMENT ACCOUNTS. THE BOARD OF DIRECTORS INTEND TO PRESERVE THE FAIR VALUE OF THE ORIGINAL GIFT AS EXPLICITLY STIPULATED BY THE DONORS. 1 FINANCIAL ASSISTANCE FOR HIGHER EDUCATION 117 174725 BOOK VALUE DIRECT STUDENT AID FUNDING 139 126764 BOOK VALUE PART I, LINE 2: THE ORGANIZATION WORKS WITH FINANCIAL AID OFFICES AT HIGHER EDUCATION INSTITUTIONS TO PROVIDE SCHOLARSHIP FUNDS FOR STUDENTS. SCHOLARSHIPS ARE PROVIDED DIRECTLY TO HIGHER EDUCATION INSTITUTIONS TO ENSURE FUNDS ARE CREDITED DIRECTLY TO ENROLLED STUDENTS' OUTSTANDING TUITION BILLS. X X X 0 0 0 0 0 0 0 0 0 JACLYN PINERO CHIEF EXECUTIVE OFFICER 222744 0 0 0 60 0 11981 0 27002 0 261787 0 0 0 HOLLY MORROW CHIEF KNOWLEDGE OFFICER 172701 0 0 0 60 0 9133 0 23272 0 205166 0 0 0 DAVID DORE CHIEF FINANCIAL & OPERATING OFFICER 168763 0 0 0 90 0 9123 0 26103 0 204079 0 0 0 AYEESHA LANE CHIEF PEOPLE AND OPERATIONS OFFICER 164592 0 0 0 138 0 8856 0 23407 0 196993 0 0 0 JERMAINE MYRIE CHIEF EXTERNAL AFFAIRS OFFICER 185750 0 0 0 90 0 9655 0 1035 0 196530 0 0 0 JANEIRA FORTE CHIEF IMPACT OFFICER 181727 0 0 0 90 0 9447 0 1029 0 192293 0 0 0 SAGE RUTH SENIOR VP OF FINANCE & OPERATIONS 117849 0 0 0 54 0 6675 0 28254 0 152832 0 0 0 X 6 120692 SALES PRICE 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPORTED REPRESENTS THE TOTAL NUMBER OF DONORS OF PUBLICLY TRADED SECURITIES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND FINANCE LEADERSHIP, INCLUDING THE BOARD TREASURER, PRIOR TO FILING. THE FORM 990 IS THEN DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS SHARED ANNUALLY. ALL NEW BOARD MEMBERS COMPLETE THE CONFLICT OF INTEREST FORM. BOARD MEMBERS ARE REQUESTED ON AN ANNUAL BASIS TO PROVIDE AN UPDATED CONFLICT OF INTEREST FORM. THE EXISTENCE OF ANY ISSUES THAT COULD GIVE RISE TO CONFLICTS IS REVIEWED PERIODICALLY BY THE CHIEF FINANCIAL AND OPERATING OFFICER AND THE CHIEF EXECUTIVE OFFICER TO ASCERTAIN WHETHER ANY DIRECTOR, BOARD MEMBER OR EMPLOYEE MIGHT CONCEIVABLY HAVE AN INTEREST WHICH COULD GIVE RISE TO A CONFLICT. ALL MEMBERS OF THE ORGANIZATION ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCUSS WITH THE CHIEF EXECUTIVE OFFICER OR DIRECTLY WITH THE BOARD, SHOULD THEY FEEL THERE ARE ANY CONFLICTS AS DEFINED BY THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTING FIRM TO PERFORM A STUDY OF EXECUTIVE COMPENSATION BASED ON COMPARABLE ORGANIZATIONS AND SIMILAR SIZED COMPANIES, INCLUDING COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND OTHER CHIEF LEVEL EXECUTIVE LEADERS. SPECIFICALLY, FOR THE CHIEF EXECUTIVE OFFICER, THEIR SALARY WAS WITHIN THE RANGE SUGGESTED BY THE CONSULTING FIRM AND WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE ORGANIZATION, WHICH REPORTED ITS CONCLUSION AND PROCESS TO THE ENTIRE BOARD OF DIRECTORS. A POLICY IS IN PLACE TO ENGAGE IN SUBSEQUENT ANNUAL ADJUSTMENTS TO THE CHIEF EXECUTIVE OFFICER'S COMPENSATION LED BY THE BOARD OF DIRECTORS. THE CHIEF EXECUTIVE OFFICER DOES NOT PARTICIPATE IN THE PROCESS. FOR OTHER CHIEF EXECUTIVE COMPENSATION, THE CHIEF EXECUTIVE OFFICER RECOMMENDS ANNUAL ADJUSTMENTS FOR APPROVAL, BASED ON INDEPENDENT COMPENSATION DATA, TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. CHIEF EXECUTIVES DO NOT PARTICIPATE IN THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, AND ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS OF THE ORGANIZATION ARE ATTACHED TO THE FORM PC FILED WITH THE MASSACHUSETTS DIVISION OF PUBLIC CHARITIES AND ARE AVAILABLE FOR PUBLIC INSPECTION ON THE ATTORNEY GENERAL'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT POSTED TO SUCH WEBSITE, BUT ARE AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST.