Aspire INC

Grand Forks, ND · Public charity (501(c)(3)) · Since 1978

✓ Tax-deductible
Revenue
$233K
-12% vs prior year
Spent
$246K
To programs
76%
Net assets
$376K
By yearFY2020–FY2025
Revenue
$233K
FY2025▼ -12%
Revenue by fiscal year
FY2020$210K
FY2021$225K
FY2022$216K
FY2023$207K
FY2024$265K
FY2025$233K
Expenses
$246K
FY2025▲ +18%
Expenses by fiscal year
FY2020$109K
FY2021$164K
FY2022$219K
FY2023$319K
FY2024$209K
FY2025$246K
Net assets
$376K
FY2025▼ -3%
Net assets by fiscal year
FY2020$387K
FY2021$448K
FY2022$445K
FY2023$333K
FY2024$389K
FY2025$376K

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CAspire INC
EINHdr · item D87-0375866
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1985
Year of formationHdr · item L1978
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CGrand Forks, ND
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.aspireonline.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.22 Fundraising $0.02
Program services76%$187K
Management & general22%$54K
Fundraising2%$5K
Total functional expensesLn 25$246K

Financial health

Is it on solid ground?

Program efficiency
76%
of spending reaches programs
Operating runway
18.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year▼ -127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$380K
FY2025▼ -3%
Total assets by fiscal year
FY2020$388K
FY2021$449K
FY2022$444K
FY2023$445K
FY2024$392K
FY2025$380K
Total liabilities
$4K
FY2025▲ +37%
Total liabilities by fiscal year
FY2020$1K
FY2021$1K
FY2022−$885
FY2023$112K
FY2024$3K
FY2025$4K
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$380K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$372K
Total assetsLn 16$380K
Total liabilitiesLn 26$4K
Total net assetsLn 32$376K
Months of cash on handcomputed18.1

Statement of Revenue

Part VIII
Program service revenue$164K · 71%
Contributions & grants$53K · 23%
Other revenue$10K · 4%
Investment income$5K · 2%
Program service revenue71%$164K
Contributions & grants23%$53K
Other revenue4%$10K
Investment income2%$5K
Total revenueLn 12$233K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $372K · Operating expenses/yr $246K
18.1 months
Where the money goes
Program services
Program services $187K · Total expenses $246K
76%
Management & General
Management & general $54K · Total expenses $246K
22%
Fundraising
Fundraising $5K · Total expenses $246K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $9K · Solicited contributions (2-yr avg) $54K
$0.17 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $233K
23%
Government reliance
Government grants — · Total revenue $233K
—
Earned-income share
Program service revenue $164K · Total revenue $233K
71%
Investment reliance
Investment income $5K · Total revenue $233K
+2%
Program self-sufficiency
Program service revenue $164K · Total expenses $246K
67%
Growth & trend
Revenue growth (YoY)
This year $233K · Prior year $265K
-12%
Revenue CAGR
FY2020 $210K · FY2025 $233K
+2%
Net-asset trend (YoY)
End of year $376K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $233K · Expenses $246K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $380K
—
Net-asset ratio
Net assets $376K · Total assets $380K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $380K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelsey Anderson · Reported title MT DIRECTOR · Highest reported compensation $0 · Total expenses $246K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $246K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 22%——
Fundraising cost ratio 10%——
Revenue growth -12%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Mt Director
$0Pt VII · Sec A
Ut Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
ND Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Pres. Elect
$0Pt VII · Sec A
WY Director
$0Pt VII · Sec A
Past Pres.
$0Pt VII · Sec A
See Aspire INC executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds educational programs at colleges and universities.

Provided by the organization

This section is blank until Aspire INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $187K of program spending, described in the organization's own filed words · FY2025.
01

Support higher education programs that identify and provide services for individuals from disadvantaged backgrounds, offer annual conferences including prof. Dev. Workshops and seminars.

$187Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $233K$246K-12% 990 PDF
FY2024 $265K$209K+28% 990 PDF
FY2023 $207K$319K-4% 990 PDF
FY2022 $216K$219K-4% 990 PDF
FY2021 $225K$164K+7% 990 PDF
FY2020 $210K$109K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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