Aspire INC FY2020 filing

Tax-deductible

Emerson, NJ501(c)(3)Human ServicesEIN 13-3430888Revenue $66K in FY2020

On file with the IRSPo Box 305, 07630-0305 · Emerson, NJTax-exempt since Jan 1989Publicly supported charity — 170(b)(1)(A)(vi)

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After school child care program

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $7K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Liabilities
$33K
×78 of total assets
Concern: liabilities are 7800% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
Spent
$107K
To programs
100%
Net assets
−$32K
By yearFY2020–FY2024
Revenue
$66K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$66K
FY2021$120K
FY2022$272K
FY2023$377K
FY2024$436K
Expenses
$107K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$122K
FY2022$263K
FY2023$393K
FY2024$419K
Net assets
−$32K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$32K
FY2021$18K
FY2022$28K
FY2023$11K
FY2024$29K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $107K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$28,400Pt VII · Sec A

Neil Stepman’s $174K as Director is at the 99th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Neil Stepman$173,725$138,300$96,000$47,200$28,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides safe, engaging after-school care and activities for children.

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Provided by the organization

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1 program · $79K · in their own filed words · FY2020
01

The company's primary purpose is the operation of an after school program for infants, toddlers and young children

$79Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$66K
Money outPt IX
$107K
Ln 25
Programscol B$107K
Owns and owesPt X
−$32K
net assets · Ln 32
Total assetsLn 16$427
LiabilitiesLn 26$33K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$66K
Total revenueLn 12$66K
Assets in detailPt X, end of year
Other assetsLn 15$427
Total assetsLn 16$427
LiabilitiesLn 26$33K
Net assetsLn 32−$32K
OperationsPt I, VI
EmployeesI 515
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Total assetsLn 16$10K$427
LiabilitiesLn 26$2K$33K
Net assetsLn 32$8K−$32K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$28K$28K
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$4K$4K
OccupancyLn 16$9K$9K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$15K$15K
All other expensesLn 24e$243$243
Total functional expensesLn 25$107K$107K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $436K$419K$17K$29K 990 PDF
FY2023 $377K$393K−$16K$11K 990 PDF
FY2022 $272K$263K$9K$28K 990 PDF
FY2021 $120K$122K−$2K$18K 990 PDF
FY2020 Viewing $66K$107K−$41K−$32K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $66,290 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $193,128$66,290
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $193,128$66,290
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $146,175$74,685
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $39,256$32,332
I-18 Total expensesPrior year $185,431$107,017
I-19 Revenue less expensesPrior year $7,697−$40,727
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $66,290 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,290$66,290
VIII-12 Total revenueRelated to mission $66,290$66,290
Part IX · Statement of functional expenses $107,017 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,400$28,400
IX-7 Other salaries and wagesPrograms $40,364$40,364
IX-10 Payroll taxesPrograms $5,921$5,921
IX-11c Accounting feesPrograms $2,230$2,230
IX-13 Office expensesPrograms $4,458$4,458
IX-16 OccupancyPrograms $9,100$9,100
IX-23 InsurancePrograms $1,171$1,171
IX-24 Other expenses (24a–d)Programs $15,130$15,130
IX-24e All other expensesPrograms $243$243
IX-25 Total functional expensesPrograms $107,017 · Management $0 · Fundraising $0$107,017
Part X · Balance sheet $427 assets, 7 lines filed
X-15 Other assetsStart of year $2,395$427
X-16 Total assetsStart of year $10,041$427
X-24 Unsecured notes and loans payable$25,700
X-25 Other liabilitiesStart of year $1,681$7,094
X-26 Total liabilitiesStart of year $1,681$32,794
X-32 Total net assets or fund balancesStart of year $8,360−$32,367
X-33 Total liabilities and net assetsStart of year $10,041$427
Part XI · Reconciliation of net assets −$32,367 net assets at year end
XI-1 Total revenue$66,290
XI-2 Total expenses$107,017
XI-3 Revenue less expenses−$40,727
XI-4 Net assets at start of year$8,360
XI-10 Net assets at end of year−$32,367

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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