2024-05-15T07:23:08-05:00 2023-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-01-01 870960615 Aspire Institute Inc ASPI 6172912101 1627 Massachusetts Avenue Cambridge MA 02138 Meena Sonea Hewett Executive Director 6172912101 2024-05-14 1 Meena Sonea Hewett 999009999 1 Joseph R Byrne P01289281 2077752387 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Meena Sonea Hewett 1627 Massachusetts Avenue Cambridge MA 02138 571500 0 X www.aspireleaders.org X 2021 MA To prepare low-income, first-generation college students worldwide to be leaders in their communities and reach their full potential through a fully funded leadership development programs. 3 2 17 38 0 0 3350000 571500 0 0 0 0 0 0 3350000 571500 35763 88143 0 0 587331 1009391 0 0 0 243354 511597 866448 1609131 2483552 -1037631 2610387 1625590 15923 145293 2594464 1480297 X To prepare low-income, first-generation college students worldwide to be leaders in their communities and reach their full potential through a fully funded leadership development programs. 0 0 1473607 88143 Aspire Leaders Program (ALP): Candidates for the program receive a host of academic and professional development resources through a tiered application structure that reaches thousands of students globally. In 2023 Aspire reached students across 180 countries and accepted over 51,000 applications from all over the globe. Students access source materials designed by Harvard faculty, receive feedback, connect with peers, and interact with faculty and one another as they develop their individual leadership skills to make an impact in their local communities. Leaders of Tomorrow: Scholarships: Participants who complete the ALP are eligible for scholarships for up to $1,000 USD purchasing power parity per qualifying finalist. Two types of scholarships: online academic or professional development. Community Action Awards: Funding for local community projects dedicated to catalyzing high-impact ideas. Up to nine awards, each up to $10,000 USD purchasing power parity. Project teams must have a domestic partner organization equivalent to a fiscal sponsor that provides the administrative support to the participant for the one year project duration.Mentorship Opportunities: Access to mentorship opportunities from industry leaders across the world for finalists. Mentors have offered to provide advice on professional career growth, job searches, interviews, graduate school application, etc. 1473607 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 0 0 MA X Arthur Hunt 2034301095 1627 Massachusetts Avenue Cambridge MA 02138 Tarun Khanna President 5.00 X X 0 0 0 Karim Lakhani Treasurer 5.00 X X 0 0 0 Meena Sonea Hewett Executive Director & Clerk 40.00 X X 175000 0 23972 Arthur Hunt Finance Officer 20.00 X 55550 0 0 230550 0 23972 1 0 1 0 0 571500 571500 571500 0 0 0 388 388 87755 87755 254522 237577 16945 645654 602670 42984 48059 44859 3200 61156 57085 4071 4000 4000 16640 16640 52600 50922 1678 24812 24812 15398 14093 1305 108584 108584 61880 55692 6188 17194 17194 327 327 4429 4429 28025 28025 4826 4826 Pledge Writedown 150000 150000 Staff Events 19087 19087 Miscellaneous Expense 3795 2562 1233 1609131 1473607 135524 0 624563 590623 1963503 886967 22321 21945 0 126055 2610387 1625590 15923 19238 0 126055 15923 145293 X 544464 593330 2050000 886967 2594464 1480297 2610387 1625590 X -1037631 -76536 X 0 1 X 1 0 X 255000 3350000 571500 4176500 255000 3350000 571500 4176500 3248820 927680 4176500 65000 X Schedule A, Part II, Short Year: 2021 was the first year of operation for the Organization. Schedule A, Part II, 2021 column contains information for the short period 6/1/2021-12/31/2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Operating Lease Obligation 126055 126055 344964 0 344964 226536 226536 571500 1459131 0 1459131 150000 150000 1609131 Part XI, Line 4b - Other Adjustments: Change in Present Value Adjustment of Pledges 76,536. Pledge Writedown 150,000. Part XII, Line 4b - Other Adjustments: Pledge Writedown 150,000. 1 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 Grantmaking 43602 East Asia and the Pacific 0 0 Grantmaking 9932 North America 0 0 Grantmaking 11708 Europe (Including Iceland & Greenland) 0 0 Grantmaking 8638 Middle East and North Africa 0 0 Grantmaking 756 South Asia 0 0 Grantmaking 2767 South America 0 0 Grantmaking 10133 Central America and the Caribbean 0 0 Grantmaking 219 South Asia 0 0 Program Services Marketing of Program Services in Region 2642 0 0 0 0 0 0 87755 2642 90397 South America Community Action Award 8630 Wire Transfer 0 East Asia and the Pacific Community Action Award 9774 Wire Transfer 0 North America Community Action Award 9000 Wire Transfer 0 Europe (Including Iceland & Greenland) Community Action Award 7830 Wire Transfer 0 Sub-Saharan Africa Community Action Award 9500 Wire Transfer 0 Sub-Saharan Africa Community Action Award 9500 Wire Transfer 0 Sub-Saharan Africa Community Action Award 9500 Wire Transfer 0 7 0 Mini Grants Central America and the Caribbean 1 219 Wire Transfer Mini Grants East Asia and the Pacific 1 158 Wire Transfer Mini Grants Europe (Including Iceland & Greenland) 6 808 Wire Transfer Mini Grants Middle East and North Africa 5 756 Wire Transfer Exploratory Grants North America 1 2500 Wire Transfer Mini Grants North America 1 208 Wire Transfer Mini Grants South America 7 1503 Wire Transfer Mini Grants South Asia 14 2767 Wire Transfer Community Action Award Sub-Saharan Africa 2 9491 Wire Transfer Exploratory Grants Sub-Saharan Africa 2 2000 Wire Transfer Mini Grants Sub-Saharan Africa 17 3151 Wire Transfer Travel Grants Sub-Saharan Africa 8 460 Wire Transfer 0 0 0 0 0 0 Part I, Line 2: Aspire makes competitive Community Action Awards (CAA) grants for community development projects to Alumni around the world. Participants who complete the ALP are eligible for scholarships for up to $1,000 USD purchasing power parity per qualifying finalist. Two types of scholarships: online academic or professional development. X X 0 0 0 0 0 0 0 0 0 Meena Sonea Hewett Executive Director & Clerk 175000 0 0 0 0 0 0 0 23972 0 198972 0 0 0 Form 990, Part VI, Section B, line 11b The Board is given a draft copy of the entity's Form 990 to review for accuracy prior to filing the return. Form 990, Part VI, Section B, line 12c The Organization regularly monitors compliance with its conflict of interest policy.: "Aspire Institute is concerned with conflicts of interest that create actual or potential job-related concerns, especially in the areas of confidentiality, student, relations, safety, security, and morale. If there is any actual or potential conflict of interest between you and a competitor, supplier, distributor, or contactor to the organization, you must disclose it to your manager. If an actual or potential conflict of interest is determined to exist, the organization will take such steps as it deems necessary to reduce or eliminate this conflict." Form 990, Part VI, Section B, line 15a Benchmarked against comparable positions and years of experience of the ED at other non profits. Form 990, Part VI, Section C, line 19 In addition, Form 990 and 1023 and conflicts of interest policy are available upon written request or by calling the organization. Form 990, Part XI, line 9: Change in Present Value Adjustment of Pledges -76,536.