Nonprofit · EIN 83-1122214
ASPIRE ACADEMY
Tax-exempt · SHAKOPEE, MN 55379
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,814,656 | $3,381,850 | $432,806 | $3,231,767 | $3,224,163 | $7,604 |
| June 30, 2024 | 990 | $2,823,324 | $3,045,155 | -$221,831 | $2,800,152 | $3,225,354 | -$425,202 |
| December 31, 2023 | 990 | $1,086,796 | $903,618 | $183,178 | $275,194 | $81,424 | $193,770 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,809,843
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $4,813
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,254,359
- Salaries, compensation and benefits (total)
- $1,539,761
- Professional fundraising fees
- $0
- Occupancy
- $32,620
- Travel
- $29,548
- Depreciation
- $252,530
- Program services (functional)
- $3,137,403
- Management and general (functional)
- $244,447
Balance sheet and other
- Total assets, start of year
- $2,800,152
- Total assets, end of year
- $3,231,767
- Total liabilities, end of year
- $3,224,163
- Net assets, end of year
- $7,604
- Land, buildings and equipment
- $85,047
- Gross receipts
- $3,814,656
- Employees
- 33
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MK ADAM | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| MUSTAF MOHAMED | BOARD CHAIR Trustee or director | 2 | $0 |
| ABDUKADIR SHEIKH ABDI | VICE CHAIR Trustee or director | 2 | $0 |
| ZAHRA BASHIR | TREASURER Trustee or director, Officer | 2 | $0 |
| HUSSEIN HAYBE | BOARD MEMBER Trustee or director | 2 | $0 |
| OSMAN MOHAMED | BOARD MEMBER Trustee or director | 40 | $0 |
| OMAR NUR | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MK Adam MK | Executive Director Trustee or director, Officer | 40 | $0 |
| Mustaf Mohamed | Board Chair Trustee or director | 2 | $0 |
| Abdukadir Sheikh Abdi | Vice Chair / Community Member Trustee or director | 2 | $0 |
| Sahra Bashir | Treasurer Trustee or director, Officer | 2 | $0 |
| Hussein Haybe | Board Member Trustee or director | 2 | $0 |
| Osman Mohamed | Teacher / Community Member Trustee or director | 40 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MK Adam MK | Executive Director Trustee or director, Officer | 40 | $0 |
| Mustaf Mohamed | Board Chair Trustee or director | 2 | $0 |
| Abdukadir Sheikh Abdi | Vice Chair / Community Member Trustee or director | 2 | $0 |
| Sahra Bashir | Treasurer Trustee or director, Officer | 2 | $0 |
| Hussein Haybe | Board Member Trustee or director | 2 | $0 |
| Osman Mohamed | Teacher / Community Member Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1260 SHAKOPEE TOWN SQUARE, SHAKOPEE, MN 55379-0000
- In care of
- % MOHAMED ADAM
- Principal officer (990 for 2024)
- MOHAMED ADAM, 1210 SHAKOPEE TOWN SQUARE, SHAKOPEE, MN 55379
- Signed the 990
- MOHAMED ADAM, EXECUTIVE DIRECTOR
- Phone
- (952) 295-0401
- Return prepared by
- THOMAS & COMPANY CPA PA
Mission
ASPIRE IS A COMMUNITY-BASED SCHOOL COMMITTED TO EMPOWER AND EDUCATE ALL STUDENTS TO ATTAINHIGH ACADEMIC PERFORMANCE WHILE ELIMINATING THE ACHIEVEMENT GAP BY DELIVERING AN ENGAGIN STEM CURRICULUM AND MEET THE INDIVIDUAL
Program accomplishments
- ASPIRE EQUIPS ALL STUDENTS WITH KNOWLEDGE, CHARACTER AND SKILLS NEEDED TO MEET THE DEMANDS OF A COMPETITIVE GLOBAL ECONOMYExpenses $3,137,403
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1122214
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $3,231,767
- Income (IRS master file)
- $3,814,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,086,796 | $903,618 | $275,194 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ASPIRE ACADEMY
- What is the EIN of ASPIRE ACADEMY?
- The employer identification number (EIN) of ASPIRE ACADEMY is 83-1122214.
- Is ASPIRE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ASPIRE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASPIRE ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASPIRE ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASPIRE ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASPIRE ACADEMY?
- The 990 for the year ended June 30, 2025 names MOHAMED ADAM.
- Who are the officers and directors of ASPIRE ACADEMY?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ASPIRE ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,814,656, expenses of $3,381,850 and total assets of $3,231,767 at year end.
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All nonprofits in SHAKOPEE · Minnesota · Philanthropy, voluntarism and grantmaking foundations