EIN 87-0960615

Aspire Institute

IRS 501(c) type
501(c)(3)
Num. employees
17
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Aspire Institute transforms the lives of low-income students globally by identifying and nurturing hidden talent to build cohorts of next-generation leaders. The program reaches thousands of students worldwide through a tiered application structure that provides academic and professional development resources. In 2022, Aspire reached students across 135 countries.
Total revenues
$571,500
2023
Total expenses
$1,609,131
2023
Total assets
$1,625,590
2023
Num. employees
17
2023

Program areas at Aspire Institute

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 2023 Aspire reached students across 180 countries and accepted over 51,000 applications from all over the globe. Students access source materials designed by Harvard 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. Leaders of Tomorrow: 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: 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: 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.

Who funds Aspire Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustEducation$650,000
Claure Family FoundationIn Support of the Aspire Institute, Who'S Mission Is To Prepare Low-Income, First-Generation College Students Worldwide To Be Leaders in Their Communities and Reach Their Full Potential Academically and Professionally Through A Fully Funded Leadership Development Program.$500,000

Personnel at Aspire Institute

NameTitleCompensation
Meena SoneaExecutive Director
Art HuntFinance Director
Laurie KennedyDirector of Development
Whitney KavanaughOffice Manager
Jenna MaurerCommunications and Outreach Manager
...and 5 more key personnel

Financials for Aspire Institute

RevenuesFYE 12/2023
Total grants, contributions, etc.$571,500
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$571,500

Form 990s for Aspire Institute

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-08-21990View PDF
2021-122022-03-31990View PDF

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Data update history
July 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 15, 2024
Received grants
Identified 1 new grant, including a grant for $500,000 from Claure Family Foundation
October 12, 2023
Updated personnel
Identified 8 new personnel
October 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 25, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationForeign affairsInternational development
Characteristics
Operates internationallyTax deductible donationsFiscal sponsorAccepts online donations
General information
Address
1627 Massachusetts Ave
Cambridge, MA 02138
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
Website URL
aspireleaders.org/ 
Phone
(617) 291-2101
IRS details
EIN
87-0960615
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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