Civic Intelligence

Aspiritech Nfp

990 • Fiscal year 2022 • EIN 26-2556543

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

1770 1st Street 108Highland Park, IL 60035

(312) 945-8378

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.16x

Higher debt load relative to assets than 55% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.11x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

73rd percentile

23%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$181,618

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

92nd percentile

67%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

29%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$6,073,369

Up $2,434,174 (+67%) from 2021

Net Assets

Up

$5,120,700

Up $2,078,181 (+68%) from 2021

Liabilities

Up

$952,669

Up $355,993 (+60%) from 2021

Revenue

Up

$9,061,183

Up $2,031,587 (+29%) from 2021

Expenses

Up

$6,983,002

Up $440,898 (+6.7%) from 2021

Net Income

Up

$2,078,181

Up $1,590,689 (+326%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $218,828Liabilities 2014: $4,548Net Assets 2014: $214,2802014Assets 2015: $588,106Liabilities 2015: $55,277Net Assets 2015: $532,8292015Assets 2016: $817,150Liabilities 2016: $160,902Net Assets 2016: $656,2482016Assets 2017: $1,024,189Liabilities 2017: $36,140Net Assets 2017: $988,0492017Assets 2018: $1,094,175Liabilities 2018: $17,158Net Assets 2018: $1,077,0172018Assets 2019: $1,366,870Liabilities 2019: $74,189Net Assets 2019: $1,292,6812019Assets 2020: $3,161,168Liabilities 2020: $19,436Net Assets 2020: $3,141,7322020Assets 2021: $3,639,195Liabilities 2021: $596,676Net Assets 2021: $3,042,5192021Assets 2022: $6,073,369Liabilities 2022: $952,669Net Assets 2022: $5,120,7002022Assets 2023: $4,929,332Liabilities 2023: $420,965Net Assets 2023: $4,508,3672023Assets 2024: $5,071,856Liabilities 2024: $333,144Net Assets 2024: $4,738,7122024

Highlighted filing

2022

Assets$6,073,369
Liabilities$952,669
Net Assets$5,120,700

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $422,039Expenses 2014: $362,943Net Income 2014: $59,0962014Revenue 2015: $959,902Expenses 2015: $641,353Net Income 2015: $318,5492015Revenue 2016: $1,548,254Expenses 2016: $1,424,835Net Income 2016: $123,4192016Revenue 2017: $2,587,922Expenses 2017: $2,256,121Net Income 2017: $331,8012017Revenue 2018: $4,468,121Expenses 2018: $4,246,386Net Income 2018: $221,7352018Revenue 2019: $6,029,196Expenses 2019: $5,692,068Net Income 2019: $337,1282019Revenue 2020: $7,859,476Expenses 2020: $6,514,627Net Income 2020: $1,344,8492020Revenue 2021: $7,029,596Expenses 2021: $6,542,104Net Income 2021: $487,4922021Revenue 2022: $9,061,183Expenses 2022: $6,983,002Net Income 2022: $2,078,1812022Revenue 2023: $5,944,702Expenses 2023: $6,472,035Net Income 2023: -$527,3332023Revenue 2024: $5,361,381Expenses 2024: $5,131,038Net Income 2024: $230,3432024

Highlighted filing

2022

Revenue$9,061,183
Expenses$6,983,002
Net Income$2,078,181
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$9,061,183
Mission and Program Overview

Mission

Aspiritech nfp is a nonprofit organization that was incorporated on may 6, 2008, whose purpose is to provide a path for high functioning individuals on the autism spectrum to realize their potential through meaningful employment. Aspiritech provides a meaningful career track for adults on the autism spectrum by employing well-supervised, highly skilled individuals to deliver exceptional software testing and other quality assurances services to a growing number of satisfied companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$599,744$2,888,771▲ $2,289,027
Land, Buildings, and Equipment, Net$1,494,616$1,460,264▼ $34,352
Savings and Temporary Cash Investments$760,033$1,015,629▲ $255,596
Cash and Non-Interest-Bearing Accounts$733,827$456,024▼ $277,803
Prepaid Expenses and Deferred Charges$20,386$70,446▲ $50,060
Intangible Assets-$50,000-
Total Assets$3,639,195$6,073,369▲ $2,434,174
Other Assets Total$30,589$132,235▲ $101,646
Liabilities
Other Liabilities$468,532$539,328▲ $70,796
Accounts Payable and Accrued Expenses$128,144$413,341▲ $285,197
Total Liabilities$596,676$952,669▲ $355,993
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,041,020$5,035,700▲ $1,994,680
Net Assets With Donor Restrictions$1,499$85,000▲ $83,501
Total Net Assets Fund Balance$3,042,519$5,120,700▲ $2,078,181
Total Liabilities and Net Assets / Fund Balance$3,639,195$6,073,369▲ $2,434,174

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,451,923$48,077$1,500,000
Equipment$1,264$50,368$51,632
Other Land Buildings$7,077$21,165$28,242
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tara MayExecutive DirectorFT$181,618$181,618

Board Members and Trustees

NameTitle
Ben ProzinskiBoard Member
Beverly ShapiroBoard Member
Brad ZelingerBoard Member
Bud GlickBoard Member
David RappaportBoard Member
Ester SteinBoard Member
Janice Block ChaddockBoard Member
Kyle CramerBoard Member
Maureen DunneBoard Member
Michael DuffBoard Member
Rachel LoftinBoard Member
Rachelle Jervis ChopraBoard Member
Roman EisenbergBoard Member
Ron Brix-wringleyBoard Member
Steve HenkelsBoard Member
Vivek ChopraBoard Member
Vladimir AnastasovBoard Member
Veronica ScottoSecretary
Alan BerkowitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,122,037
Program Service Revenue
$5,939,146
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,122,037
Change in Net Assets
$2,078,181

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$50,000Fair Value
Other Non Cash Contri Table1$8,492Fair Value
Total Noncash Contributions2$58,492-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,061,182
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,061,182
Total Revenue per Form 990
$9,061,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,671,180
Other Expenses$1,311,822
Total Fundraising Expense$2,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,816,098$148,951-$4,965,049
Fees for Services Other$735,426$35,387$2,690$773,503
Payroll Taxes$354,318$10,958-$365,276
Other Employee Benefits$330,629$10,226-$340,855
Office Expenses$186,680$84,078-$270,758
Advertising$145,949--$145,949
Depreciation Depletion$40,702$2,142-$42,844
Insurance$39,212--$39,212
Fees for Services Legal-$19,940-$19,940
Travel$14,544--$14,544
Conferences and Meetings-$2,572-$2,572
Other Expenses-$2,500-$2,500
Total Functional Expenses$6,663,558$316,754$2,690$6,983,002

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,983,002
Total Expenses per Audited Statements$6,983,002
Total Expenses per Form 990$6,983,002
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Notes Payable$239,233
Accrued Expenses$176,240
Lease Liability - Short Term Portion$68,521
Lease Liability - Long Term Portion$55,334
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The volunteers are board members and advisory board members who spend various amounts of time performing and guiding the organization.

Form 990, Part VI, Section A, Line 2

Related party information among officers aspiritech nfp aspiritech nfp exec dir dir of oper husband and wife

Form 990, Part VI, Section A, Line 6

The volunteers are board members and advisory board members who spend various amounts of time performing and guiding the organization.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is given to the members of the board of directors for review before the return is submitted to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

In the event there is a conflict of interest by any members of the board of directors, the conflict is resolved by the director not voting on the issue specific issue or resigning form the board.

Form 990, Part VI, Section B, Line 15

The salaries of officers or key employees are set by the board of directors after comparisons are made to others holding similar positions in other non-profit organizations.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request of the organization or by going to the guidestar website

Filing and Contact Details

Filer

Filer Name
Aspiritech Nfp
EIN
26-2556543
Phone
3129458378
Address
1770 1ST STREET 108, HIGHLAND PARK, IL 60035

Signing Officer

Name
Tara May
Title
Executive Director
Phone
3129458378
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara May
Formed
2008
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
138
Volunteers
0

Preparer

Firm
Weiss & Company Llp
Address
2700 PATRIOT BOULEVARD - SUITE 400, GLENVIEW, IL 60026
Preparer
Dennis Anderson
Phone
8474418800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services fee: program service expenses 366,716. Management and general expenses 0. Fundraising expenses 0. Total expenses 366,716. Computer technology and equipment rental: program service expenses 126,892. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,892. Bank fees: program service expenses 11,712. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,712. Activity fees: program service expenses 13,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,474. Ace fund expense: program service expenses 20,201. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,201. Utilities: program service expenses 44,856. Management and general expenses 2,361. Fundraising expenses 0. Total expenses 47,217. Supplies: program service expenses 5,840. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,840. Training: program service expenses 42,195. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,195. Payroll service fees: program service expenses 22,456. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,456. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,690. Total expenses 2,690. Dues and subscriptions: program service expenses 0. Management and general expenses 4,810. Fundraising expenses 0. Total expenses 4,810. Other business expenses: program service expenses 0. Management and general expenses 18,612. Fundraising expenses 0. Total expenses 18,612. Rent: program service expenses 72,869. Management and general expenses 3,835. Fundraising expenses 0. Total expenses 76,704. Mortgage expense: program service expenses 8,215. Management and general expenses 432. Fundraising expenses 0. Total expenses 8,647. Parking and storage: program service expenses 0. Management and general expenses 4,708. Fundraising expenses 0. Total expenses 4,708. Board meeting: program service expenses 0. Management and general expenses 629. Fundraising expenses 0. Total expenses 629.

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