2026-02-20T06:34:10-06:00 2025-06-30 510229493 BARBACANE THORNTON AND COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 198092863 990 2024-07-01 264060822 ASPIRA OF DELAWARE CHARTER OPERATIONS IN ASPI 3022921463 326 RUTHAR DRIVE NEWARK DE 197118017 GREGORY PANCHISIN CHIEF OPERATING OFFICER 3022921463 2026-02-20 1 JOSEPH V MANFRE P01982332 3024788940 2026-02-19 2024 2025-03-06 01:10:19Z GREGORY PANCHISIN 326 RUTHAR DRIVE NEWARK DE 197118017 32851155 0 X WWW.ASPIRAACADEMY.ORG X 2011 DE THE MISSION OF THE LAS AMERICAS ASPIRA ACADEMY (LAAA) IS TO EDUCATE AND EMPOWER EACH STUDENT TO REALIZE THEIR FULL POTENTIAL AND POSITIVELY IMPACT THEIR COMMUNITIES. 13 12 0 962 0 0 28078726 30277906 473162 508222 773063 845396 304896 1219631 29629847 32851155 0 0 0 0 23548730 25176668 0 0 0 9933364 9778043 33482094 34954711 -3852247 -2103556 71027393 72097685 100287772 103461620 -29260379 -31363935 X THE MISSION OF THE LAS AMERICAS ASPIRA ACADEMY (LAAA) IS TO EDUCATE AND EMPOWER EACH STUDENT TO REALIZE THEIR FULL POTENTIAL AND POSITIVELY IMPACT THEIR COMMUNITIES. LAAA SERVES STUDENTS K-12. LOCATED IN NEW CASTLE COUNTY, THE SCHOOL SEEKS TO ACHIEVE A STUDENT BODY THAT IS 50% FIRST LANGUAGE SPANISH - ENGLISH LANGUAGE LEARNERS & 50% FIRST LANGUAGE ENGLISH - SPANISH LANGUAGE LEARNERS. 0 0 28872816 508222 SCHOOL OPERATIONS - ASPIRA ACADEMY WELCOMES STUDENTS FROM DIVERSE ETHNIC, RACIAL, LANGUAGE (ENGLISH & SPANISH), AND SOCIO-ECONOMIC BACKGROUNDS. HALF OF THE ACADEMY'S STUDENTS ARE PRIMARILY ENGLISH-SPEAKERS AND THE OTHER HALF ARE PRIMARILY SPANISH SPEAKERS.THE ACADEMY'S CURRICULUM IS RIGOROUS AND CHALLENGING. AT ASPIRA, THEY BELIEVE EVERY CHILD IS COLLEGE BOUND OR CAREER READY. ALL STUDENTS WILL BECOME BILINGUAL, BI-LITERATE AND BICULTURAL WITHIN SIX YEARS IN THE PROGRAM WHILE GAINING THE ACADEMIC, PHYSICAL, SOCIAL AND EMOTIONAL SKILLS TO SUCCEED IN SCHOOL AND IN LIFE.THE CURRICULUM IS ALIGNED WITH DELAWARE STANDARDS AND IS PROJECT-BASED, SO STUDENTS LEARN BY DOING. 28872816 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 1 0 X X X GREGORY PANCHISIN CHIEF OPERATING OFFICER 3022921463 326 RUTHAR DRIVE NEWARK DE 19711 GUILLERMINA GONZALEZ CHAIRPERSON 20.00 X X 0 0 0 ANAS BEN ADDI TREASURER 10.00 X X 0 0 0 ALBERTO E CHAVEZ SECRETARY 10.00 X X 0 0 0 KEAIRA FANA-RUIZ DIRECTOR (TEACHER REP) 40.00 X 65078 0 43021 JEFF LAWRENCE DIRECTOR 4.00 X 0 0 0 ROBERT REDDEN-HUFF DIRECTOR 4.00 X 0 0 0 PEDRO VIERA DIRECTOR 4.00 X 0 0 0 ELIZABETH DIAZ VICE CHAIR 10.00 X X 0 0 0 CARLOS DIPRES DIRECTOR 4.00 X 0 0 0 RUTH MIRANDA DIRECTOR 4.00 X 0 0 0 MUNAZAH ASHRAF DIRECTOR (PARENT REP) 4.00 X 0 0 0 MARIA JULIETA CASANOVA DIRECTOR 4.00 X 0 0 0 MONICA CURREY EDD DIRECTOR 4.00 X 0 0 0 GREG PANCHISIN CHIEF OPERATING OFFICER 60.00 X 157783 0 37201 MARGIE LOPEZ-WAITE CHIEF EXECUTIVE OFFICER 60.00 X 160297 0 37782 DEYANNA YANCEY-HARRIS CHIEF MISSION OFFICER 60.00 X 104042 0 52212 JOSE AVILES DIRECTOR (HOS - K8) 60.00 X 138307 0 61484 DEBBIE PANCHISIN DIRECTOR (HOS - HS) 60.00 X 140615 0 59411 766122 0 291111 5 0 1 0 0 29682047 595859 30277906 AFTER SCHOOL 611710 311162 311162 SUMMER CAMP 611710 119754 119754 FOOD SERVICE PROGRAM 611710 77306 77306 508222 845396 845396 OTHER LOCAL REVENUES 611110 1219631 1219631 1219631 32851155 508222 0 2065027 1274669 1052053 222616 13877237 11453635 2423602 3417273 2820461 596812 5517320 4553743 963577 1090169 899776 190393 2620 2162 458 26500 21872 4628 1700683 1403666 297017 55884 46124 9760 95653 78948 16705 12403 10237 2166 352351 290814 61537 130476 107689 22787 1828417 1509092 319325 2034645 1679303 355342 136426 112600 23826 TRANSPORTATION - BUSES 1610115 1328915 281200 SUPPLIES AND MATERIALS 892891 736951 155940 INSTRUCTIONAL SUPPLIES 510277 421159 89118 REPAIRS AND MAINTENANCE 258156 213070 45086 130546 130546 34954711 28872816 6081895 0 7187686 5737949 3496767 2776340 1041370 1180105 52694 46104 51581738 13613950 36074046 37967788 23174830 24389399 71027393 72097685 2770810 3539454 42481772 42038880 691655 336640 54343535 57546646 100287772 103461620 X 0 0 0 0 -29260379 -31363935 -29260379 -31363935 71027393 72097685 -2103556 0 X X 0 1 X 1 1 1 X 1502686 1502686 41143785 9502081 31641704 4194736 3340659 854077 4740531 771210 3969321 37967788 DEFERRED OUTFLOWS RELATED TO PENSION 6280211 DEFERRED OUTFLOWS RELATED TO OPEB 18109188 24389399 COMPENSATED ABSENCES 1833672 DEFERRED INFLOWS RELATED TO OPEB 10594448 NET OPEB LIABILITY 37623511 NET PENSION LIABILITY 7495015 57546646 X 32851155 0 32851155 0 32851155 34954711 0 34954711 0 34954711 PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3), AND ITS ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. IN ACCORDANCE WITH THE SECTION OF FASB ASC REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE SCHOOL IS REQUIRED TO RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION IN THE FINANCIAL STATEMENTS. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE SCHOOL'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE SCHOOL WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATORY POLICY IS AVAILABLE TO ALL PARTS OF THE GENERAL COMMUNITY SERVED VIA THE ORGANIZATION'S WEBSITE, UNDER THE GOVERNANCE SECTION IN THE FAMILY AND STUDENT HANDBOOK AT WWW.ASPIRAACADEMY.ORG. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES SIGNIFICANT FINANCIAL ASSISTANCE FROM FEDERAL AGENCIES IN THE FORM OF GRANTS. THE DISBURSEMENT OF FUNDS RECEIVED UNDER THESE PROGRAMS GENERALLY REQUIRES COMPLIANCE WITH TERMS AND CONDITIONS SPECIFIED IN THE GRANT AGREEMENTS AND IS SUBJECT TO AUDIT BY THE STATE OFFICE OF AUDITOR OF ACCOUNTS. ANY DISALLOWED CLAIMS RESULTING FROM SUCH AUDITS COULD BECOME A LIABILITY OF THE GENERAL FUND. THE SCHOOL'S ADMINISTRATION BELIEVES SUCH DISALLOWANCE, IF ANY, WOULD BE IMMATERIAL. X 0 0 0 0 0 0 0 0 0 MARGIE LOPEZ-WAITE CHIEF EXECUTIVE OFFICER 160297 0 0 0 0 0 0 0 0 0 160297 0 0 0 GREG PANCHISIN CHIEF OPERATING OFFICER 157783 0 0 0 0 0 0 0 0 0 157783 0 0 0 A ASPIRA OF DELAWARE CHARTER - SERIES OF 2016A 264060822 246387RUO 2016-07-28 1600000 REFINANCE 0 0 0 B ASPIRA OF DELAWARE CHARTER - SERIES OF 2016A 264060822 246387RV8 2016-07-28 4885000 CAPITAL PROJECTS CASH 0 0 0 C ASPIRA OF DELAWARE CHARTER - SERIES OF 2016A 264060822 246387RW6 2016-07-28 7955000 CAPITAL PROJECTS CASH 0 0 0 D ASPIRA OF DELAWARE CHARTER - SERIES OF 2016A 264060822 246387RX4 2016-07-28 5685000 REFINANCE 0 0 0 A 1725571 5522 34892 1685157 2016 1 0 1 1 B 5268348 470100 421503 92691 4284054 2017 0 0 0 0 C 8579382 765380 686259 150911 6976832 2017 0 0 0 0 D 6131212 19623 123999 5987590 2016 1 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A ASPIRA OF DELAWARE CHARTER - SERIES OF 2022A 264060822 246372BA3 2022-01-19 1370000 CAPITAL PROJECTS CASH 0 0 0 B ASPIRA OF DELAWARE CHARTER - SERIES OF 2022A 264060822 246372BB1 2022-01-19 5280000 CAPITAL PROJECTS CASH 0 0 0 C ASPIRA OF DELAWARE CHARTER - SERIES OF 2022A 264060822 246372BC9 2022-01-19 7815000 CAPITAL PROJECTS CASH 0 0 0 D ASPIRA OF DELAWARE CHARTER - SERIES OF 2022A 264060822 246372BD7 2022-01-19 5230000 CAPITAL PROJECTS CASH 0 0 0 A 1449811 76599 53244 28781 1291187 2022 0 0 0 0 B 5587433 295059 205097 110866 4976411 2022 0 0 0 0 C 8270014 436700 303551 164088 7365675 2023 0 0 0 0 D 5534451 292198 203108 109791 3131252 1798102 2023 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE INDEPENDENT CPA FIRM BASED ON THE SCHOOL'S ANNUAL, INDEPENDENT AUDIT. THE 990 IS REVIEWED BY THE SCHOOL'S CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER AND/OR BOARD TREASURER PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON THE SCHOOL'S WEBSITE, AND AT GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ANNUAL REPORTS, ANNUAL AUDITS, AND BOARD OF TRUSTEE MINUTES. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM THE PRIOR YEAR. FORM 990, PART XII, LINE 2D THE CHARTER SCHOOL IS A COMPONENT UNIT OF THE STATE OF DELAWARE AND THEREFORE THE SCHOOL'S FINANCIAL ACTIVITIES ARE INCLUDED IN THE STATE OF DELAWARE'S ANNUAL FINANCIAL STATEMENTS. ASPIRA OF DELAWARE 326 RUTHAR DRIVE NEWARK DE 19711 205980174 DEVOTED SOLELY TO THE EDUCATION AND LEADERSHIP DEVELOPMENT OF LATINO YOUTH. DE 501(C)(3) 0 ASPIRA ASSOCIATION 1220 L STREET NW SUITE 701 WASHINGTON DC 20005 132627568 DEVELOPING THE EDUCATIONAL AND LEADERSHIP CAPACITY OF HISPANIC YOUTH. DC 501(C)(3) 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0