Uaspire INC FY2020 filing

Tax-deductible

Boston, MA501(c)(3)Since 2012EducationEIN 46-1314848Revenue $11.5M in FY2020

On file with the IRSuaspire.org6 Liberty Sq, 02109-5800 · Boston, MATax-exempt since May 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Uaspire's mission is to improve the economic mobility of underrepresented students by creating financial solutions to diverse postsecondary pathways.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$1.6M 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
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
5 of 6
filings with a surplus
Average surplus $1.4M a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.5M
Spent
$8.3M
To programs
64%
Net assets
$5.2M
By yearFY2020–FY2025
Revenue
$11.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$11.5M
FY2021$8.9M
FY2022$11.0M
FY2023$12.3M
FY2024$11.1M
FY2025$6.2M
Expenses
$8.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.3M
FY2021$7.9M
FY2022$7.7M
FY2023$9.1M
FY2024$9.4M
FY2025$10.3M
Net assets
$5.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$6.4M
FY2022$9.3M
FY2023$12.7M
FY2024$16.2M
FY2025$12.5M

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

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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 May 2013.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $5.3M Management & general 10% · $788K Fundraising 26% · $2.2M

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

46 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Executive Officer
$189,038Pt VII · Sec A
Chief Policy Officer
$173,705Pt VII · Sec A
Chief Regional Officer
$158,600Pt VII · Sec A
Chief of Staff & Equity
$158,000Pt VII · Sec A
Chief Finance & Operations
$157,303Pt VII · Sec A
Chief External Affairs Off
$152,056Pt VII · Sec A
Chief Program Officer
$145,287Pt VII · Sec A
Senior VP of Knowledge
$125,641Pt VII · Sec A

Jaclyn Pinero’s $296K as Chief Executive Officer is at the 95th percentile of top reported officer pay among 3395 $1–10M education 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jaclyn Pinero$295,760$218,035$222,804$224,044$183,809$158,600
Valeria Wells$225,665—————
Janeira Forte$218,853$190,757$181,817$162,690——
Holly Morrow$202,492$179,251$172,761$156,498$124,489$125,641
Ayeesha Lane$197,101$170,101$164,730$153,940$110,340—
Robert Giannino—————$189,038
Jermaine Myrie——$185,840$180,623$160,690$152,056
Laura Keane———$155,724$179,006$173,705

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 15aYes

Programs and updates

Helps students overcome financial obstacles to earn a college degree.

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Provided by the organization

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3 programs · $5.1M · in their own filed words · FY2019
01

Working in coordination with guidance counselors, uaspire provides in-school college financial aid advising to thousands of high school seniors in boston, cambridge, somerville, malden, and fall river massachusetts and san francisco and oakland, california and new york, new york .

$3.5Mprogram expense
02

By leveraging financial aid expertise, uaspire works to transform financial aid and higher education systems so that they help rather than hinder the attainment of an affordable college degreee.

$933Kprogram expense
03

Uaspire partners with school districts, charter management organizations, and youth serving organizations across the country to provide them with the knowledge and tools necessary to ensure the students they serve are able to find an affordable path to and through a post secondary degree program.

$673Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 11 grants · $1.5M · 2019–2024
Unitemized GrantFY2024$73,912
Unitemized GrantFY2024$13,917
Unitemized GrantFY2023$48,500
Unitemized GrantFY2023$27,678
Unitemized GrantFY2022$174,725
Unitemized GrantFY2022$126,764
Unitemized GrantFY2021$161,583
Unitemized GrantFY2021$37,950
Unitemized GrantFY2020$370,325
Unitemized GrantFY2020$134,951
Unitemized GrantFY2019$303,450

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$11.5M
Ln 12
Gifts and grantsLn 1h$11.0M
Fees for servicesLn 2g$487K
Investment incomeLn 3$41K
Money outPt IX
$8.3M
Ln 25
Programscol B$5.3M
Managementcol C$788K
Fundraisingcol D$2.2M
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$7.1M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
46
listed · VII A
PaidVII A11
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.0M
Noncash giftsLn 1g$31K
Fees for servicesLn 2g$487K
Investment incomeLn 3$41K
Total revenueLn 12$11.5M
Assets in detailPt X, end of year
CashLn 1$4.8M
SavingsLn 2$70K
Cash and savings togetherLn 1–2$4.9M
InvestmentsLn 11–13$823K
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$29K
Total assetsLn 16$7.1M
LiabilitiesLn 26$1.9M
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 588
VolunteersI 619
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$801K$4.9M
InvestmentsLn 11–13$667K$823K
Land, buildings, equipmentLn 10c$49K$31K
Total assetsLn 16$3.4M$7.1M
LiabilitiesLn 26$1.4M$1.9M
Net assetsLn 32$2.0M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$303K$303K
Pay of current officers, directors and key staffLn 5$1.0M$616K$100K$292K
Other salaries and wagesLn 7$4.2M$2.6M$416K$1.2M
Pension plan contributionsLn 8$209K$122K$22K$65K
Other employee benefitsLn 9$508K$296K$54K$158K
Payroll taxesLn 10$400K$244K$40K$116K
Accounting feesLn 11c$23K$19K$3K$1K
Other fees for servicesLn 11g$277K$230K$32K$14K
Advertising and promotionLn 12$12K$10K$2K
Office expensesLn 13$33K$26K$6K$1K
Information technologyLn 14$188K$153K$9K$26K
OccupancyLn 16$503K$308K$50K$146K
TravelLn 17$137K$101K$35K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$63K$52K$11K
Other expenses (24a–d)Ln 24$353K$267K$22K$64K
All other expensesLn 24e$25K$626$5K$19K
Total functional expensesLn 25$8.3M$5.3M$788K$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.2M$10.3M−$4.1M$12.5M 990 PDF
FY2024 $11.1M$9.4M$1.7M$16.2M 990 PDF
FY2023 $12.3M$9.1M$3.2M$12.7M 990 PDF
FY2022 $11.0M$7.7M$3.3M$9.3M 990 PDF
FY2021 $8.9M$7.9M$1.1M$6.4M 990 PDF
FY2020 Viewing $11.5M$8.3M$3.2M$5.2M 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 $11,477,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,294,439$10,950,535
I-9 Program service revenuePrior year $891,515$486,660
I-10 Investment incomePrior year $52,160$40,774
I-11 Other revenuePrior year −$34,470$0
I-12 Total revenuePrior year $9,203,644$11,477,969
I-13 Grants and similar amounts paidPrior year $229,100$303,450
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,796,967$6,321,718
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,407,024$1,632,611
I-18 Total expensesPrior year $8,433,091$8,257,779
I-19 Revenue less expensesPrior year $770,553$3,220,190
Part VI · Governance 35 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,477,969 across 6 lines filed
Lines not itemized here account for $39,100 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$10,950,535
VIII-1g Noncash contributions (included above)$30,557
VIII-1h Total contributions, gifts and grants$10,950,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $447,560$447,560
VIII-3 Investment incomeExcluded from tax $40,774$40,774
VIII-12 Total revenueRelated to mission $486,660 · Unrelated business $0 · Excluded from tax $40,774$11,477,969
Part IX · Statement of functional expenses $8,257,779 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $303,450$303,450
IX-5 Pay of current officers, directors and key staffPrograms $615,893 · Management $99,793 · Fundraising $292,322$1,008,008
IX-7 Other salaries and wagesPrograms $2,565,471 · Management $415,921 · Fundraising $1,215,495$4,196,887
IX-8 Pension plan contributionsPrograms $121,889 · Management $22,217 · Fundraising $64,955$209,061
IX-9 Other employee benefitsPrograms $296,084 · Management $53,967 · Fundraising $157,787$507,838
IX-10 Payroll taxesPrograms $244,444 · Management $39,625 · Fundraising $115,855$399,924
IX-11c Accounting feesPrograms $19,379 · Management $2,717 · Fundraising $1,204$23,300
IX-11g Other fees for servicesPrograms $230,220 · Management $32,283 · Fundraising $14,296$276,799
IX-12 Advertising and promotionPrograms $9,914 · Fundraising $1,750$11,664
IX-13 Office expensesPrograms $25,852 · Management $5,919 · Fundraising $1,100$32,871
IX-14 Information technologyPrograms $152,749 · Management $9,056 · Fundraising $26,477$188,282
IX-16 OccupancyPrograms $307,595 · Management $49,863 · Fundraising $145,786$503,244
IX-17 TravelPrograms $101,445 · Fundraising $35,218$136,663
IX-22 Depreciation, depletion and amortizationManagement $18,696$18,696
IX-23 InsurancePrograms $51,994 · Management $11,102$63,096
IX-24 Other expenses (24a–d)Programs $267,057 · Management $21,905 · Fundraising $64,048$353,010
IX-24e All other expensesPrograms $626 · Management $5,413 · Fundraising $18,947$24,986
IX-25 Total functional expensesPrograms $5,314,062 · Management $788,477 · Fundraising $2,155,240$8,257,779
Part X · Balance sheet $7,088,035 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $626,911$4,846,751
X-2 Savings and temporary cash investmentsStart of year $173,866$69,734
X-3 Pledges and grants receivableStart of year $1,303,544$1,089,412
X-4 Accounts receivableStart of year $480,818$157,562
X-9 Prepaid expenses and deferred chargesStart of year $73,539$41,384
X-10c Land, buildings and equipment, netStart of year $49,250$30,554
X-11 Publicly traded securitiesStart of year $667,001$823,243
X-15 Other assetsStart of year $13,175$29,395
X-16 Total assetsStart of year $3,388,104$7,088,035
X-17 Accounts payable and accrued expensesStart of year $310,315$388,976
X-25 Other liabilitiesStart of year $982,297$1,310,654
X-26 Total liabilitiesStart of year $1,380,280$1,877,027
X-27 Net assets without donor restrictionsStart of year $74,299$1,478,177
X-28 Net assets with donor restrictionsStart of year $1,933,525$3,732,831
X-32 Total net assets or fund balancesStart of year $2,007,824$5,211,008
X-33 Total liabilities and net assetsStart of year $3,388,104$7,088,035
Part XI · Reconciliation of net assets $5,211,008 net assets at year end
XI-1 Total revenue$11,477,969
XI-2 Total expenses$8,257,779
XI-3 Revenue less expenses$3,220,190
XI-4 Net assets at start of year$2,007,824
XI-5 Net unrealized gains (losses) on investments−$11,782
XI-6 Donated services and use of facilities$282,985
XI-7 Investment expenses−$5,224
XI-9 Other changes in net assets−$282,985
XI-10 Net assets at end of year$5,211,008

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

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