Aspire Innovative Learning INC

IRS exemption revoked

Clearwater, FLUnknown exempt organization EIN 27-1960726Revenue $1.4M in FY2022Latest return filed Jul 7, 2023

On file with the IRSClearwater, FL

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Equal Access to Edutainment, a foundation for EDÜT providing financial services for families and children in need.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1960726) · Dispute this line
54¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $333K a year · 41% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
54%
of spending
54% of spending went to programs.
Pt IX · Ln 25 · col B
20.7 mo
of spending, in cash
20.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $43
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 8 voting members
4 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.4M
+100% vs prior year
Spent
$580K
To programs
54%
Net assets
$1.0M
By yearFY2020–FY2022
Revenue
$1.4M
FY2022▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$350K
FY2021$700K
FY2022$1.4M
Expenses
$580K
FY20220%
Tap a bar for its year
Expenses by fiscal year
FY2020$290K
FY2021$580K
FY2022$580K
Net assets
$1.0M
FY2022▲ +456%
Tap a bar for its year
Net assets by fiscal year
FY2020$60K
FY2021$180K
FY2022$1.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $312K Management & general 21% · $123K Fundraising 2% · $10K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
Presient
$0Pt VII · Sec A
See Aspire Innovative Learning INC executive salaries →

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 financial aid for families and children needing educational entertainment.

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3 programs · $894K · in their own filed words · FY2022
01

Our hands on approach helps families and children overcome financial lack that can impact academic success. We help youth grow up knowing how to earn save manage and invest their money regardless of social economic background. We focus on free enterprise global economics entrepreneurship,banking and personal finance.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1960726) · Dispute this line
$600Kprogram expense
02

Online & Blended Learning Solutions. Virtual programs empower learners to discover their own academic paths and allow education to take place in class at home and anywhere in between. We partner with educators across the worldto develop full-time virtual programs.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1960726) · Dispute this line
$178Kprogram expense
03

The tests provide a yardstick for educators to evaluate the performance of students and schools measuring it against state and national standards. If she scored low in a particular area you may want to provide her with exercises that reinforce that subject.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1960726) · Dispute this line
$116Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$43
Grants paid · 1 grant · $150K · 2020–2020
Unitemized GrantFY2020$150,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$800K
Gifts and grantsLn 1h$600K
Money outPt IX
$580K
Ln 25
Programscol B$312K
Managementcol C$123K
Fundraisingcol D$10K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$600K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$800K
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$820K
SavingsLn 2$180K
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$180K$1.0M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$180K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$180K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Grants to domestic individualsLn 2$150K$15K
Grants and assistance to foreign recipientsLn 3$50K$50K
Benefits paid to or for membersLn 4$50K$50K
Pay of officers and key staff (Part IX, line 5)Ln 5$50K$0$50K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$150K$100K$50K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$10K$0$10K$0
Accounting feesLn 11c$10K$0$10K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$10K$0$0$10K
Office expensesLn 13$4K$4K$0$0
Information technologyLn 14$5K$5K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$10K$10K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$5K$5K$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$20K$20K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$580K$312K$123K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Jul 7, 2023 $1.4M$580K$820K$1.0M 990 PDF
FY2021Filed with the IRS May 17, 2022 $700K$580K$120K$180K 990 PDF
FY2020Filed with the IRS May 18, 2021 $350K$290K$60K$60K 990 PDF

Schedules filed Part IV

F · Foreign I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $1,400,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $300,000$600,000
I-9 Program service revenuePrior year $400,000$800,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $700,000$1,400,000
I-13 Grants and similar amounts paidPrior year $250,000$250,000
I-14 Benefits paid to membersPrior year $50,000$50,000
I-15 Salaries and benefitsPrior year $200,000$200,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $80,000$80,000
I-18 Total expensesPrior year $580,000$580,000
I-19 Revenue less expensesPrior year $120,000$820,000
Part VI · Governance 4 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,400,000 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$400,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$600,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $800,000 · Unrelated business $0 · Excluded from tax $0$800,000
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $800,000 · Unrelated business $0 · Excluded from tax $0$1,400,000
Part IX · Statement of functional expenses $580,000 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-2 Grants to domestic individualsPrograms $15,000$150,000
IX-3 Grants and assistance to foreign recipientsPrograms $50,000$50,000
IX-4 Benefits paid to or for membersPrograms $50,000$50,000
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $50,000 · Fundraising $0$50,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $100,000 · Management $50,000 · Fundraising $0$150,000
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $10,000 · Fundraising $0$10,000
IX-11c Accounting feesPrograms $0 · Management $10,000 · Fundraising $0$10,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $10,000$10,000
IX-13 Office expensesPrograms $4,000 · Management $0 · Fundraising $0$4,000
IX-14 Information technologyPrograms $5,000 · Management $0 · Fundraising $0$5,000
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $10,000 · Management $0 · Fundraising $0$10,000
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $5,000 · Management $0 · Fundraising $0$5,000
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $3,000 · Management $0 · Fundraising $0$3,000
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $3,000 · Fundraising $0$3,000
IX-24 Other expenses (24a–d)Programs $20,000 · Management $0 · Fundraising $0$20,000
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $312,000 · Management $123,000 · Fundraising $10,000$580,000
Part X · Balance sheet $1,000,000 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $100,000$820,000
X-2 Savings and temporary cash investmentsStart of year $80,000$180,000
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $180,000$1,000,000
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $180,000$820,000
X-28 Net assets with donor restrictionsStart of year $0$180,000
X-32 Total net assets or fund balancesStart of year $180,000$1,000,000
X-33 Total liabilities and net assetsStart of year $180,000$1,000,000
Part XI · Reconciliation of net assets $1,000,000 net assets at year end
XI-1 Total revenue$1,400,000
XI-2 Total expenses$580,000
XI-3 Revenue less expenses$820,000
XI-4 Net assets at start of year$180,000
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,000,000

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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