The Aspire Project FY2020 filing

Yacolt, WAUnknown exempt organization EIN 27-1118835Revenue $260K in FY2020

On file with the IRStheaspireproject.org22106 Ne Worthington Rd · Yacolt, WA

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The Aspire Project provides quality dance classes for all children who are genuinely interested in the arts. The intent is to reach economically at-risk students whose families/schools cannot provide such opportunities. We accomplish this through non-tuition based after-school programs in partnership with the sun community schools & classes and summer camps offered on a sliding scale at our studio. Adult dance and fitness classes are also offered along with math tutoring and computer labs for youth.

78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $13K a year · 10% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$260K
Spent
$283K
To programs
78%
Net assets
$4K
By yearFY2020–FY2021
Revenue
$260K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$260K
FY2021$601
Expenses
$283K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$283K
FY2021$5K
Net assets
$4K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4K
FY2021$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $220K Management & general 9% · $27K Fundraising 13% · $37K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Aspire Project 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers free dance classes and arts programs to economically at-risk children.

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Provided by the organization

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3 programs · $220K · in their own filed words · FY2019
01

The studio program grew to 500 registrants weekly in our dance program, including tap, ballet, jazz, contemporary and hip hop classes. The studio program also offered pilates and yoga for adults each week. These programs ran for 20 weeks from oct, 2019 through march, 2020. No summer camps were held in 2020.

$197Kprogram expense
02

In our academic lab, math tutoring was taught twice each week at no cost for 3-8TH grade, from sept, 2019 through march 2020. Additionally, computer coding classes were offered for a nominal fee for 3-6TH graders. A girls-only class and a boys-only class were taught weekly. 35 students participated in the academic lab.

$12Kprogram expense
03

Our outreach program included after school classes at each of four north portland sun school programs. 60 students are served each week in ballet, jazz and hip hop classes. The aspire project also taught senior chair yoga each week to seniors at assumption village, a neighborhood assisted living facility.

$11Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$50

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$260K
Ln 12
Gifts and grantsLn 1h$155K
Fees for servicesLn 2g$91K
Other incomeLn 4–11$14K
Money outPt IX
$283K
Ln 25
Programscol B$220K
Managementcol C$27K
Fundraisingcol D$37K
Owns and owesPt X
$4K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$19K
LiabilitiesLn 26$15K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$91K
Investment incomeLn 3$70
Other incomeLn 4–11$14K
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Total assetsLn 16$19K
LiabilitiesLn 26$15K
Net assetsLn 32$4K
OperationsPt I, VI
EmployeesI 525
VolunteersI 660
Fiscal year endsHeaderJune
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
Cash and savingsLn 1–2$20K$18K
Total assetsLn 16$30K$19K
LiabilitiesLn 26$3K$15K
Net assetsLn 32$27K$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$131K$104K$5K$22K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$45K$36K$1K$8K
Legal feesLn 11b$299$299
Advertising and promotionLn 12$300$300
Office expensesLn 13$11K$10K$264$1K
Information technologyLn 14$7K$6K$484$186
OccupancyLn 16$56K$45K$11K
Conferences, conventions and meetingsLn 19$6K$2K$50$4K
Depreciation, depletion and amortizationLn 22$6K$6K$751
InsuranceLn 23$3K$2K$1K
Other expenses (24a–d)Ln 24$9K$2K$6K$1K
All other expensesLn 24e$553$203$350
Total functional expensesLn 25$283K$220K$27K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $601$5K−$4K$0 990 PDF
FY2020 Viewing $260K$283K−$23K$4K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $260,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $111,635$155,233
I-9 Program service revenuePrior year $66,912$91,425
I-10 Investment income$70
I-11 Other revenuePrior year −$2,489$13,642
I-12 Total revenuePrior year $176,058$260,370
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $113,512$184,041
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $62,712$99,075
I-18 Total expensesPrior year $176,224$283,116
I-19 Revenue less expensesPrior year −$166−$22,746
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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 payYes
Part VIII · Statement of revenue $260,370 across 9 lines filed
VIII-1c Fundraising events$14,650
VIII-1f All other contributions, gifts and grants$140,583
VIII-1h Total contributions, gifts and grants$155,233
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $91,425$91,425
VIII-3 Investment incomeRelated to mission $70$70
VIII-6 Net rental income or lossExcluded from tax $837$837
VIII-8 Net income from fundraising eventsExcluded from tax $9,805$9,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,000$3,000
VIII-12 Total revenueRelated to mission $94,495 · Excluded from tax $10,642$260,370
Part IX · Statement of functional expenses $283,116 across 13 lines filed
IX-7 Other salaries and wagesPrograms $103,945 · Management $5,280 · Fundraising $22,000$131,225
IX-9 Other employee benefitsPrograms $7,875$7,875
IX-10 Payroll taxesPrograms $36,241 · Management $1,000 · Fundraising $7,700$44,941
IX-11b Legal feesManagement $299$299
IX-12 Advertising and promotionFundraising $300$300
IX-13 Office expensesPrograms $9,947 · Management $264 · Fundraising $1,078$11,289
IX-14 Information technologyPrograms $6,009 · Management $484 · Fundraising $186$6,679
IX-16 OccupancyPrograms $44,625 · Management $10,931$55,556
IX-19 Conferences, conventions and meetingsPrograms $1,701 · Management $50 · Fundraising $4,135$5,886
IX-22 Depreciation, depletion and amortizationPrograms $5,681 · Management $751$6,432
IX-23 InsurancePrograms $1,743 · Management $1,031$2,774
IX-24 Other expenses (24a–d)Programs $1,879 · Management $6,129 · Fundraising $1,299$9,307
IX-24e All other expensesPrograms $203 · Management $350$553
IX-25 Total functional expensesPrograms $219,849 · Management $26,569 · Fundraising $36,698$283,116
Part X · Balance sheet $19,021 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $20,490$18,321
X-4 Accounts receivableStart of year $2,880$700
X-16 Total assetsStart of year $29,802$19,021
X-26 Total liabilitiesStart of year $3,000$15,000
X-27 Net assets without donor restrictionsStart of year $26,802$4,021
X-32 Total net assets or fund balancesStart of year $26,802$4,021
X-33 Total liabilities and net assetsStart of year $29,802$19,021
Part XI · Reconciliation of net assets $4,021 net assets at year end
XI-1 Total revenue$260,370
XI-2 Total expenses$283,116
XI-3 Revenue less expenses−$22,746
XI-4 Net assets at start of year$26,802
XI-8 Prior period adjustments−$35
XI-10 Net assets at end of year$4,021

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

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