Apse Foundation EIN 54-1645986

Apse Foundation

EIN  54-1645986 Public charity (501(c)(3)) Rockville, MD
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Apse Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Funds training and support for people with disabilities, their families, and employment professionals to expand inclusive, supported career opportunities nationwide.
Leadership
Julie Christensen · Executive Dir.
Money in and out
$254K revenue, $171K expenses
Bottom line
97% program efficiency

Funds training and support for people with disabilities, their families, and employment professionals to expand inclusive, supported career opportunities nationwide. For fiscal year 2024 it reported $254K in revenue, $171K in expenses, and $148K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$171K
Pt IX · Ln 25
Net assets
$148K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $83K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate▲ +117% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ +888% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$254K
FY2024▲ +51%
Expenses
$171K
FY2024▼ -73%
Total assets
$148K
FY2024▼ -40%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$171K
Pt IX · Ln 25
Net assets
$148K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$83K
Total assetsPt X · Ln 16$148K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $165K of program spending, described in the organization's own filed words · FY2023.
01

To develop opportunities and provide support to individuals, their family members, and their employment support personnel to access training events on disability employment and supported employment around the country to help individuals with disabilities to access supported employment needs and to expand supported employment service…

$165Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CApse Foundation
EINHdr · item D54-1645986
Principal addressHdr · item CRockville, MD
WebsiteHdr · item Japse.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFJul 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Apse Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$159K · 63%
Program service revenue$50K · 20%
Other revenue$44K · 18%
Contributions & grants63%$159K
Program service revenue20%$50K
Other revenue18%$44K
Total revenueLn 12$254K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$165K
Management & general3%$6K
Total functional expensesLn 25$171K

Balance Sheet

Part X · end of year
CashLn 1$148K
Total assetsLn 16$148K
Total liabilitiesLn 26$0
Total net assetsLn 32$148K
Months of cash on handcomputed10.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $148K · Operating expenses/yr $171K
10.4 months
Where the money goes
Program services
Program services $165K · Total expenses $171K
97%
Management & General
Management & general $6K · Total expenses $171K
3%
Fundraising
Fundraising $0 · Total expenses $171K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $159K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $159K · Total revenue $254K
63%
Government reliance
Government grants — · Total revenue $254K
Earned-income share
Program service revenue $50K · Total revenue $254K
20%
Investment reliance
Investment income $0 · Total revenue $254K
0%
Program self-sufficiency
Program service revenue $50K · Total expenses $171K
29%
Growth & trend
Revenue growth (YoY)
This year $254K · Prior year $168K
+51%
Revenue CAGR
FY2019 $645K · FY2023 $254K
-21%
Net-asset trend (YoY)
End of year $148K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $254K · Expenses $171K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $148K
Net-asset ratio
Net assets $148K · Total assets $148K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $148K
0%
People & payroll
Highest Reported Total Compensation
Individual Julie Christensen · Reported title Executive Dir. · Highest reported compensation $0 · Total expenses $171K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $171K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth 51%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$94K

Similar Organizations

Closest in mission — by what they do
See all organizations like Apse Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$254K revenue · viewing · ⤓ 990 PDF
FY2023$168K revenue · ⤓ 990 PDF
FY2022$130K revenue · ⤓ 990 PDF
FY2021$186K revenue · ⤓ 990 PDF
FY2020$645K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.