2025-05-05T10:34:10-05:00 2024-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2024-01-01 870960615 Aspire Institute Inc ASPI 6172912101 255 Main Street 8th Floor Cambridge MA 02142 Meena Sonea Hewett CEO 6172912101 2025-05-01 1 1 X Melissa Magoon CPA P01712842 2077752387 2025-05-01 2024 2025-03-06 01:10:19Z X Meena Sonea Hewett 255 Main Street 8th Floor Cambridge MA 02142 1512937 0 X www.aspireleaders.org X 2021 MA Aspire's mission is to empower low-income and first-generation college students and recent graduates to act independently, make informed choices, and affect meaningful change. Through the tuition-free, online Aspire Leaders Program, participants develop resilience, cultural awareness, and leadership skills to help them navigate challenges and embrace opportunities in education, careers, and life. By fostering confidence, self-efficacy, and collaboration, Aspire equips future leaders to create lasting impacts in their communities and beyond. 3 2 20 40 0 0 571500 1512937 0 0 0 0 0 0 571500 1512937 88143 60600 0 0 1009391 1144146 0 63097 63097 511597 512456 1609131 1780299 -1037631 -267362 1625590 1286086 145293 83853 1480297 1202233 X Aspire's mission is to empower low-income and first-generation college students and recent graduates to act independently, make informed choices, and affect meaningful change. Through the tuition-free, online Aspire Leaders Program, participants develop resilience, cultural awareness, and leadership skills to help them navigate challenges and embrace opportunities in education, careers, and life. By fostering confidence, self-efficacy, and collaboration, Aspire equips future leaders to create lasting impacts in their communities and beyond. 0 0 1550674 60600 Aspire Leaders Program (ALP): 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 2024 Aspire reached almost 120,000 students across 180 countries and accepted 53,686 applications from 169 countries. Students access source materials designed by Harvard and other prominent faculty, receive feedback, connect with peers, and interact with faculty and one another as they develop their individual leadership skills to make an impact in their local communities. (Continued on Schedule O).Advanced Leadership Opportunities: Scholarships: Participants who complete the ALP are eligible for scholarships for up to $1,000 USD purchasing power parity per qualifying finalist. Two types of scholarships: online academic or professional development. Community Action Awards: Participants who complete the ALP are eligible for funding for local community projects dedicated to catalyzing high-impact ideas. Up to nine awards, each up to $10,000 USD purchasing power parity. Project teams must have a domestic partner organization equivalent to a fiscal sponsor that provides the administrative support to the participant for the one year project duration.Mentorship Opportunities: Participants who complete the ALP are eligible have access 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. 1550674 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 20 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 1 1 1 1 1 0 0 MA X Arthur Hunt 2034301095 255 Main Street 8th Floor Cambridge MA 02142 Tarun Khanna President 3.00 X X 0 0 0 Karim Lakhani Treasurer 3.00 X X 0 0 0 Meena Sonea Hewett Clerk and CEO 43.00 X X 175000 0 19663 Arthur Hunt Finance Officer 15.00 X 53323 0 0 Tom Brown IT Officer 40.00 X 110000 0 0 338323 0 19663 2 0 1 0 0 1512937 8393 1512937 1512937 0 0 0 2400 2400 58200 58200 247986 232995 14991 736628 692097 44531 85488 85488 74044 64400 9644 17200 17200 63097 63097 96444 34750 61694 93061 93061 17417 16694 723 52432 52432 73641 67701 5940 25343 25343 7898 7898 5126 5126 Pledge Writedown 100000 100000 Staff Events 16534 16534 Miscellaneous Expense 7360 681 6679 1780299 1550674 166528 63097 590623 346605 886967 893265 21945 46216 126055 0 1625590 1286086 19238 83853 126055 0 145293 83853 X 593330 308968 886967 893265 1480297 1202233 1625590 1286086 X -267362 -10702 X 0 1 X 1 0 X 255000 3350000 571500 1512937 5689437 255000 3350000 571500 1512937 5689437 1172422 4517015 5689437 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 1402235 0 1402235 110702 110702 1512937 1680299 0 1680299 100000 100000 1780299 Part XI, Line 4b - Other Adjustments: Pledge Writedown 100,000. Change in Present Value Adjustment of Pledges 10,702. Part XII, Line 4b - Other Adjustments: Pledge Writedown 100,000. 1 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 Grantmaking 28250 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 Grantmaking 9150 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 0 Grantmaking 5800 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 Grantmaking 8400 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Grantmaking 2800 Russia and Neighboring States - Armenia, Azerbijan, Belarus, 0 0 Grantmaking 400 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Grantmaking 1800 North America - Canada and Mexico, but not the United States 0 0 Grantmaking 1400 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Grantmaking 200 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 Program Services Marketing of Program Services in Region 54212 0 0 0 0 0 0 58000 54412 112412 Social Impact Seed Funding (SISF) Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 66 28250 Wire Transfer Social Impact Seed Funding (SISF) Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 22 9150 Wire Transfer Social Impact Seed Funding (SISF) South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 15 5800 Wire Transfer Social Impact Seed Funding (SISF) South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 28 8400 Wire Transfer Social Impact Seed Funding (SISF) Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 9 2800 Wire Transfer Social Impact Seed Funding (SISF) Russia and Neighboring States - Armenia, Azerbijan, Belarus, 1 400 Wire Transfer Social Impact Seed Funding (SISF) East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 4 1800 Wire Transfer Social Impact Seed Funding (SISF) North America - Canada and Mexico, but not the United States 3 1400 Wire Transfer Social Impact Seed Funding (SISF) Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 1 200 Wire Transfer 0 0 0 0 0 0 Part I, Line 2: Aspire makes competitive Community Action Awards (CAA) grants for community development projects which Alumni around are eligible to apply for. Participants who complete the ALP are eligible for scholarships for up to $1,000 USD purchasing power parity per qualifying finalist. Two types of scholarships: online academic or professional development. X X X X X 0 Lawrence Horne 200 Schermerhorn Street Suite 407 Brooklyn NY 11201 Grant writing 0 0 33300 -33300 Upwork 530 Lytton Ave Suite 301 Palo Alto CA 94301 Grant writing 0 0 29797 -29797 63097 -63097 MA X X 0 0 0 0 0 0 0 0 0 Meena Sonea Hewett Clerk and CEO 175000 0 0 0 0 0 0 0 19663 0 194663 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. One of the three board members signs the return. Form 990, Part VI, Section B, line 12c The Organization regularly monitors compliance with its conflict of interest policy. All organization employees, officers and board members are required to disclose potential conflicts. Conflicts are disclosed when they arise. "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 your 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 nonprofits with the assistance of a consultant HR Generalist. 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 -10,702.