Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
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
22 people listed on the 990; $291K paid to officers and key staff.
Todd D Martin’s $147K as President an is at the 62nd 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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Todd D Martin | $147,027 | $147,725 | $144,632 | $135,494 |
| Anne Michie | $92,292 | $88,440 | — | — |
| Patricia Y Gordon | $57,856 | $55,061 | $55,884 | $50,432 |
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 and families find financial aid and counseling for education and career training.
Questions for Great Aspirations Scholarship Program INC
Your first name shows with your question. Great Aspirations Scholarship Program INC answers here, for everyone.
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GRASP is a non-profit organization specializing with helping students and their families, regardless of financial resources, to develop an educational plan for post secondary education. GRASP's professional financial aid advisors work in high schools and private settings, without charge to students and families, to assist with overcoming…
Unique among many college access and success programs, GRASP operates several scholarship programs, including at least one scholarship for every school it serves. Students have the option to use these scholarships for 2-year, 4-year, and trade schools.
GRASP anticipates continuing to take advantage of the Virginia Neighborhood Assistance Tax Credit Program ("NAP") and Education Improvement Scholarship Program ("EISP"). The NAP and EISP programs provide significant tax incentives to Virginia private and business donors who support scholarships and other tuition assistance programs of…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $580K | $2.3M |
| InvestmentsLn 11–13 | $4.2M | $5.7M |
| Land, buildings, equipmentLn 10c | $18K | $16K |
| Total assetsLn 16 | $5.0M | $8.1M |
| LiabilitiesLn 26 | $237K | $2.9M |
| Net assetsLn 32 | $4.8M | $5.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $700K | $700K | ||
| Pay of current officers, directors and key staffLn 5 | $1.1M | $715K | $286K | $64K |
| Other employee benefitsLn 9 | $70K | $70K | ||
| Payroll taxesLn 10 | $78K | $52K | $21K | $5K |
| Accounting feesLn 11c | $31K | $23K | $8K | |
| Professional fundraising feesLn 11e | $8K | $8K | ||
| Office expensesLn 13 | $14K | $14K | ||
| OccupancyLn 16 | $42K | $31K | $10K | |
| InterestLn 20 | $1K | $1K | $344 | |
| Depreciation, depletion and amortizationLn 22 | $8K | $8K | ||
| InsuranceLn 23 | $6K | $5K | $2K | |
| Other expenses (24a–d)Ln 24 | $173K | $173K | ||
| All other expensesLn 24e | $39K | $36K | $3K | |
| Total functional expensesLn 25 | $2.2M | $1.8M | $330K | $77K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.5M | $2.5M | $9K | $5.6M | 990 PDF |
| FY2024 Viewing | $2.7M | $2.2M | $417K | $5.2M | 990 PDF |
| FY2023 | $2.3M | $2.0M | $334K | $4.8M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 | $2.1M | $1.5M | $570K | $4.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,650,977 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, no flags
Part VIII · Statement of revenue $2,650,977 across 10 lines filed
Part IX · Statement of functional expenses $2,234,174 across 13 lines filed
Part X · Balance sheet $8,059,909 assets, 14 lines filed
Part XI · Reconciliation of net assets $5,167,500 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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