Aspa Endowment FY2022 filing

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To improve the policies, processes, personnel and institutions of public administration.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1484469) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $8K a year · 10% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
8.6 mo
of spending, in cash
Plus $868K in investments, Pt X · Ln 11–13
8.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69K
7% of total assets
Liabilities are 7% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$51K
-59% vs prior year
Spent
$87K
To programs
86%
Net assets
$868K
By yearFY2020–FY2024
Revenue
$51K
FY2022▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2020$60K
FY2021$124K
FY2022$51K
FY2023$151K
FY2024$33K
Expenses
$87K
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$66K
FY2022$87K
FY2023$77K
FY2024$161K
Net assets
$868K
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$923K
FY2021$1.1M
FY2022$868K
FY2023$945K
FY2024$875K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1989.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $75K Management & general 14% · $12K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (to March 2022)
$0Pt VII · Sec A
Director (to March 2022)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aspa Endowment 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

Improves government policies, processes, and public administration institutions.

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1 program · $75K · in their own filed words · FY2022
01

To provide charitable, educational and scientific support to promote the improvement of policies, processes, personnel and institutions of public administration, including providing student scholarships to Aspa events, assisting minority undergraduate and graduate students in pursuing careers in public service by providing opportunities…

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1484469) · Dispute this line
$75Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$51K
Ln 12
Investment incomeLn 3$23K
Gifts and grantsLn 1h$15K
Other incomeLn 4–11$12K
Money outPt IX
$87K
Ln 25
Programscol B$75K
Managementcol C$12K
Owns and owesPt X
$868K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$937K
LiabilitiesLn 26$69K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$23K
Other incomeLn 4–11$12K
Gains on assetsLn 7$12K
Total revenueLn 12$51K
Assets in detailPt X, end of year
SavingsLn 2$62K
Cash and savings togetherLn 1–2$62K
Accounts receivableLn 4$6K
InvestmentsLn 11–13$868K
Total assetsLn 16$937K
LiabilitiesLn 26$69K
Net assetsLn 32$868K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$12K
Share of the $521K endowmentSch D 1g2.4%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$521K$678K$595K$623K$566K
AddedLn 1b$10K$28K$2K$5K$9K
SpentLn 1d–1f$47K$36K$40K$35K$28K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$84K$62K
InvestmentsLn 11–13$1.0M$868K
Total assetsLn 16$1.1M$937K
LiabilitiesLn 26$37K$69K
Net assetsLn 32$1.1M$868K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$2K$2K
Management feesLn 11a$35K$35K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$20K$20K
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$3K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$5K$5K
Total functional expensesLn 25$87K$75K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 4, 2025 $33K$161K−$129K$875K 990 PDF
FY2023Filed with the IRS Sep 24, 2024 $151K$77K$74K$945K 990 PDF
FY2022 ViewingFiled with the IRS Nov 10, 2023 $51K$87K−$37K$868K 990 PDF
FY2021Filed with the IRS Oct 28, 2022 $124K$66K$59K$1.1M 990 PDF
FY2020Filed with the IRS Nov 8, 2021 $60K$70K−$10K$923K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $50,582 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,797$14,971
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $70,695$35,611
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $124,492$50,582
I-13 Grants and similar amounts paidPrior year $7,563$6,140
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,188$81,273
I-18 Total expensesPrior year $65,751$87,413
I-19 Revenue less expensesPrior year $58,741−$36,831
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $50,582 across 5 lines filed
VIII-1f All other contributions, gifts and grants$14,971
VIII-1h Total contributions, gifts and grants$14,971
VIII-3 Investment incomeExcluded from tax $23,495$23,495
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,116$12,116
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $35,611$50,582
Part IX · Statement of functional expenses $87,413 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $4,640$4,640
IX-2 Grants to domestic individualsPrograms $1,500$1,500
IX-11a Management feesPrograms $35,000$35,000
IX-11f Investment management feesManagement $12,301$12,301
IX-11g Other fees for servicesPrograms $20,412$20,412
IX-13 Office expensesPrograms $2,146$2,146
IX-14 Information technologyPrograms $3,435$3,435
IX-19 Conferences, conventions and meetingsPrograms $2,656$2,656
IX-22 Depreciation, depletion and amortizationPrograms $5,323$5,323
IX-25 Total functional expensesPrograms $75,112 · Management $12,301 · Fundraising $0$87,413
Part X · Balance sheet $936,828 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $84,352$62,468
X-4 Accounts receivable$6,021
X-11 Publicly traded securitiesStart of year $1,012,550$868,339
X-16 Total assetsStart of year $1,104,337$936,828
X-17 Accounts payable and accrued expensesStart of year $5,053$3,577
X-25 Other liabilitiesStart of year $31,535$65,203
X-26 Total liabilitiesStart of year $36,588$68,780
X-27 Net assets without donor restrictionsStart of year $451,886$366,053
X-28 Net assets with donor restrictionsStart of year $615,863$501,995
X-32 Total net assets or fund balancesStart of year $1,067,749$868,048
X-33 Total liabilities and net assetsStart of year $1,104,337$936,828
Part XI · Reconciliation of net assets $868,048 net assets at year end
XI-1 Total revenue$50,582
XI-2 Total expenses$87,413
XI-3 Revenue less expenses−$36,831
XI-4 Net assets at start of year$1,067,749
XI-5 Net unrealized gains (losses) on investments−$162,870
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$868,048

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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