Aspire Clarksville FY2020 filing

Tax-deductible

Clarksville, TN501(c)(3)Community DevelopmentEIN 20-1825049Revenue $979K in FY2020

On file with the IRS335 Franklin St, 37040-3421 · Clarksville, TNTax-exempt since Aug 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Promoting and marketing business development and economic growth in the Clarksville-montgomery county, tennessee area.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $299K a year · 23% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $620K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$45K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$979K
Spent
$751K
To programs
88%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$979K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$979K
FY2021$182K
FY2022$116K
FY2023$472K
FY2024$4.3M
FY2025$1.8M
Expenses
$751K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$751K
FY2021$566K
FY2022$634K
FY2023$719K
FY2024$1.3M
FY2025$2.1M
Net assets
$3.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.3M
FY2022$2.7M
FY2023$2.5M
FY2024$5.5M
FY2025$5.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2005.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $663K Management & general 8% · $57K Fundraising 4% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Former Exec Dir
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
Dir of Finance
$0Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
See Aspire Clarksville executive salaries →

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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 15aYes

Programs and updates

Promoting business growth and economic development in Clarksville-Montgomery County, Tennessee.

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Provided by the organization

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1 program · $663K · in their own filed words · FY2019
01

Aspire clarksville provided cash grants during the fiscal year ended to promote the economic welfare of the 195,000+ residents of the clarksville-montgomery county, TN area, including over 23,000 soldiers and their families of the nearby fort campbell army post.

$663Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 16 grants · $4.8M · 2019–2024
Clks-Mont Co Tourism CommissionFY2020$205,158
Clks-Mont Co Indus Devel BoardFY2020$98,112
Clks-Mont Co Tourism CommissionFY2019$189,101
Clks-Mont Co Indus Devel BoardFY2019$185,664

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$979K
Ln 12
Gifts and grantsLn 1h$976K
Investment incomeLn 3$3K
Money outPt IX
$751K
Ln 25
Programscol B$663K
Managementcol C$57K
Fundraisingcol D$31K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.7M
LiabilitiesLn 26$45K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$976K
Noncash giftsLn 1g$45K
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$979K
Assets in detailPt X, end of year
CashLn 1$764K
SavingsLn 2$302K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.7M
LiabilitiesLn 26$45K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.0M$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$3.6M$3.7M
LiabilitiesLn 26$196K$45K
Net assetsLn 32$3.4M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$663K$663K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$31K$31K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$0
Total functional expensesLn 25$751K$663K$57K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$2.1M−$243K$5.2M 990 PDF
FY2024 $4.3M$1.3M$3.0M$5.5M 990 PDF
FY2023 $472K$719K−$246K$2.5M 990 PDF
FY2022 $116K$634K−$518K$2.7M 990 PDF
FY2021 $182K$566K−$384K$3.3M 990 PDF
FY2020 Viewing $979K$751K$228K$3.6M 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 $978,898 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,041,191$976,094
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,268$2,804
I-11 Other revenue$0
I-12 Total revenuePrior year $3,044,459$978,898
I-13 Grants and similar amounts paidPrior year $686,553$662,734
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $198,107$30,764
I-17 Other expensesPrior year $262,611$57,476
I-18 Total expensesPrior year $1,147,271$750,974
I-19 Revenue less expensesPrior year $1,897,188$227,924
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $978,898 across 9 lines filed
VIII-1f All other contributions, gifts and grants$976,094
VIII-1g Noncash contributions (included above)$45,000
VIII-1h Total contributions, gifts and grants$976,094
VIII-3 Investment incomeExcluded from tax $2,804$2,804
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $2,804$978,898
Part IX · Statement of functional expenses $750,974 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $662,734$662,734
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,150$10,150
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $30,764$30,764
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $4,388$4,388
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $42,938$42,938
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $662,734 · Management $57,476 · Fundraising $30,764$750,974
Part X · Balance sheet $3,694,126 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,012,878$763,963
X-2 Savings and temporary cash investments$301,928
X-3 Pledges and grants receivableStart of year $2,603,689$2,628,235
X-4 Accounts receivableStart of year $215$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,616,782$3,694,126
X-18 Grants payableStart of year $195,519$44,939
X-26 Total liabilitiesStart of year $195,519$44,939
X-27 Net assets without donor restrictionsStart of year $520,341$778,621
X-28 Net assets with donor restrictionsStart of year $2,900,922$2,870,566
X-32 Total net assets or fund balancesStart of year $3,421,263$3,649,187
X-33 Total liabilities and net assetsStart of year $3,616,782$3,694,126
Part XI · Reconciliation of net assets $3,649,187 net assets at year end
XI-1 Total revenue$978,898
XI-2 Total expenses$750,974
XI-3 Revenue less expenses$227,924
XI-4 Net assets at start of year$3,421,263
XI-10 Net assets at end of year$3,649,187

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

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