Civic Intelligence

Great Aspirations Scholarship Program Inc.

990 • Fiscal year 2011 • EIN 52-1277427

Jul 01, 2010 to Jun 30, 2011 • Filed on Nov 09, 2011

4551 Cox Road Suite 11023060-6740
Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2011 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$788,569

No earlier filing loaded for comparison.

Net Assets

$788,569

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$553,325

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $788,569Liabilities 2011: $0Net Assets 2011: $788,5692011Assets 2012: $1,029,102Liabilities 2012: $0Net Assets 2012: $1,029,1022012Assets 2013: $1,656,577Liabilities 2013: $3,841Net Assets 2013: $1,652,7362013Assets 2014: $2,270,070Liabilities 2014: $1,603Net Assets 2014: $2,268,4672014Assets 2015: $2,760,503Liabilities 2015: $23,516Net Assets 2015: $2,736,9872015Assets 2016: $3,546,518Liabilities 2016: $4,247Net Assets 2016: $3,542,2712016Assets 2017: $3,816,873Liabilities 2017: $345Net Assets 2017: $3,816,5282017Assets 2018: $3,882,556Liabilities 2018: $0Net Assets 2018: $3,882,5562018Assets 2019: $3,723,797Liabilities 2019: $0Net Assets 2019: $3,723,7972019Assets 2020: $3,717,172Liabilities 2020: $172,958Net Assets 2020: $3,544,2142020Assets 2021: $4,561,771Liabilities 2021: $447,517Net Assets 2021: $4,114,2542021Assets 2022: $4,687,835Liabilities 2022: $271,502Net Assets 2022: $4,416,3332022Assets 2023: $4,988,018Liabilities 2023: $237,321Net Assets 2023: $4,750,6972023Assets 2024: $8,059,909Liabilities 2024: $2,892,409Net Assets 2024: $5,167,5002024Assets 2025: $8,410,475Liabilities 2025: $2,823,385Net Assets 2025: $5,587,0902025

Highlighted filing

2011

Assets$788,569
Liabilities$0
Net Assets$788,569

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $553,3252011Expenses 2012: $634,7472012Expenses 2013: $811,4992013Revenue 2014: $1,596,843Expenses 2014: $978,787Net Income 2014: $618,0562014Revenue 2015: $1,524,671Expenses 2015: $1,050,514Net Income 2015: $474,1572015Revenue 2016: $2,003,035Expenses 2016: $1,197,751Net Income 2016: $805,2842016Revenue 2017: $1,921,038Expenses 2017: $1,646,781Net Income 2017: $274,2572017Revenue 2018: $1,837,707Expenses 2018: $1,771,679Net Income 2018: $66,0282018Revenue 2019: $2,165,058Expenses 2019: $2,323,817Net Income 2019: -$158,7592019Revenue 2020: $1,518,825Expenses 2020: $1,698,408Net Income 2020: -$179,5832020Revenue 2021: $2,086,879Expenses 2021: $1,516,839Net Income 2021: $570,0402021Revenue 2022: $1,872,899Expenses 2022: $1,570,820Net Income 2022: $302,0792022Revenue 2023: $2,319,158Expenses 2023: $1,984,794Net Income 2023: $334,3642023Revenue 2024: $2,650,977Expenses 2024: $2,234,174Net Income 2024: $416,8032024Revenue 2025: $2,490,185Expenses 2025: $2,481,101Net Income 2025: $9,0842025

Highlighted filing

2011

Revenue-
Expenses$553,325
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Nov 9, 2011
Return Version
2010v3.4
Gross Receipts
$806,020
Mission and Program Overview

Mission

GRASP's mission is to help all students and their families, with a focus on financially disadvantaged households, by: giving inspiration and hope that their goals are attainable; assisting them with the financial aid process and awarding scholarships; and supporting them in the attainment of their post-secondary goals at the lowest possible cost. GRASP is the only organization in the regions we serve that is primarily focused on assisting students with the postsecondary financial aid process and scholarship searching for all students. Financial aid is critical to increasing college access and success and is most effective when students and families learn about it early enough to make informed choices and plans. GRASP fills a substantial gap in the college access and success pipeline and fulfills our mission to ensure that every student has an equal opportunity for continuing education after high school through a balanced continuum of services.

Major Activities

Activity 2
Grasp awarded "last dollar" scholarships to students in the high schools where grasp advisors work. These scholarships are intended to close the "gap" between a student's financial aid award and the money actually needed to attend college.
Filing and Contact Details

Filer

EIN
52-1277427
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IRS990/Activity2/Description0GRASP AWARDED "LAST DOLLAR" SCHOLARSHIPS TO STUDENTS IN THE HIGH SCHOOLS WHERE GRASP ADVISORS WORK. THESE SCHOLARSHIPS ARE INTENDED TO CLOSE THE "GAP" BETWEEN A STUDENT'S FINANCIAL AID AWARD AND THE MONEY ACTUALLY NEEDED TO ATTEND COLLEGE.
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IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalOfBookValueLandBuildings06977
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant0144926
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients0145
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0SCHOLARSHIP
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0ORGANIZATION, WITH FEW EXCEPTIONS, MAKES SCHOLARSHIP CHECK DIRECTLY PAYABLE TO THE COLLEGE OR UNIVERSITY FOR WHICH THE STUDENT ATTENDS. SCHOLARSHIPS ARE BASED ON A COMPETITIVE APPLICATION PROCESS. EACH SCHOLARSHIP APPLICATION IS INDIVIDUALLY REVIEWED.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/RecordsMaintained0true
IRS990/ScheduleJRequired0false
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction09225
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0DONATED SERVICES
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10STOSCH DACEY & GEORGE PC
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0SON OF CHAIRMAN
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleO/GeneralExplanation/Explanation0TO PROVIDE RESOURCES TO STUDENTS AND FAMILIES IN NEED TO ACCESS FINANCIAL AID, SCHOLARSHIPS, PRIVATE FINANCIAL SUPPORT AND COUNSELING TO ENCOURAGE AND MAXIMIZE EACH STUDENT'S EDUCATIONAL OPPORTUNITIES. GRASP'S MISSION IS TO INCREASE THE COLLEGE ATTENDANCE AND THE GRADUATION RATE, PARTICULARLY AMONG FAMILIES WITHOUT SUFFICIENT FINANCIAL RESOURCES TO ACCOMPLISH SUCH MISSION WITHOUT GRASP'S GUIDANCE AND FINANCIAL ASSISTANCE.
IRS990ScheduleO/GeneralExplanation/Explanation1DURING ITS FISCAL YEAR ENDING JUNE 30, 2011, GRASP ENTERED INTO AN AGREEMENT WITH THE VIRGINIA COLLEGE SAVINGS PLAN, AN INDEPENDENT AGENCY OF THE COMMONWEALTH OF VIRGINIA, TO PROMOTE AND ADMINISTER SOAR VIRGINIA AT PARTICIPATING HIGH SCHOOLS. SOAR VIRGINIA IS AN EARLY COMMITMENT SCHOLARSHIP PROGRAM CREATED TO INSPIRE AND ASSIST HIGH SCHOOL STUDENTS TO REACH THEIR POST-SECONDARY EDUCATION GOALS. TO PARTICIPATE, ELIGIBLE STUDENTS PLEDGE TO MEET PROGRAM REQUIREMENTS. IN RETURN, PARTICIPATING STUDENTS RECEIVE SCHOLARSHIP SUPPORT OF UP TO 2,000 TO APPLY TOWARD THEIR POST-SECONDARY EDUCATION EXPENSES. THE PROGRAM IS CURRENTLY IN PILOT IN THE CENTRAL VIRGINIA AREA AND HIGHLAND COUNTY. GRASP WAS REIMBURSED 35,954 BY SOAR VIRGINIA FOR THE FISCAL YEAR ENDED JUNE 30, 2011 TO BE USED IN THE IMPLEMENTATION AND ADMINISTRATION OF SOAR VIRGINIA IN PARTICIPATING HIGH SCHOOLS TO SUPPORT ELIGIBLE STUDENTS THAT MEET CERTAIN PROGRAM REQUIREMENTS.
IRS990ScheduleO/GeneralExplanation/Explanation2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/GeneralExplanation/Explanation3GRASP'S CONFLICT OF INTEREST POLICY DOCUMENT IDENTIFIES PROCEDURES FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS, THE DISCLOSURE OF SUCH, AND ACTIONS TO BE TAKEN BY THE BOARD MEMBER AND THE GOVERNING BOARD UPON DISCLOSURE OF SUCH A CONFLICT. GRASP HAS ALSO DOCUMENTED ITS PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. GRASP HAS DOCUMENTED THE PROCEDURES TO BE TAKEN WHEN IT IS BELIEVES THAT A VIOLATION OF ITS CONFLICT OF INTEREST POLICY HAS OCCURRED AND PROCEDURES TO BE TAKEN WHEN VIOLATION HAS BEEN DEEMED TO HAVE OCCURRED. ANNUALLY, EACH BOARD MEMBER, COMMITTEE MEMBER AND MANAGER WITH BOARD DELEGATED POWERS SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY AND UNDERSTANDS GRASP IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. OUTSIDE ADVISORS MAY BE USED BY GRASP TO ASSIST ITS BOARD WITH MONITORING ITS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation4COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND MANAGEMENT IS SUBJECT TO REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation5COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation6GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7TAX BASIS DEPRECIATION EXCEEDS GAAP BASIS DEPRECIATION IN THE AMOUNT OF 6,977 AT JUNE 30, 2011.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1ANY SIGNIFICANT NEW PROGRAM SERVICES NOT LISTED ON A PRIOR RETURN
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 5
IRS990/ScheduleORequired0false
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0true
IRS990/StateLegalDomicile0VA
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY0256606
IRS990/TemporarilyRestrictedNetAssets/EOY0378177

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.41$2.82$5.59$2.49$2.48$0.01
2024Detailed filing. Detailed filing data is available for this year.$8.06$2.89$5.17$2.65$2.23$0.42
2023Detailed filing. Detailed filing data is available for this year.$4.99$0.24$4.75$2.32$1.98$0.33
2022Detailed filing. Detailed filing data is available for this year.$4.69$0.27$4.42$1.87$1.57$0.30
2021Detailed filing. Detailed filing data is available for this year.$4.56$0.45$4.11$2.09$1.52$0.57
2020Detailed filing. Detailed filing data is available for this year.$3.72$0.17$3.54$1.52$1.70$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$2.17$2.32$0.16
2018Detailed filing. Detailed filing data is available for this year.$3.88$0.00$3.88$1.84$1.77$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.82$0.00$3.82$1.92$1.65$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.55$0.00$3.54$2.00$1.20$0.81
2015Summary only. Only limited summary data is available for this year.$2.76$0.02$2.74$1.52$1.05$0.47
2014Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$1.60$0.98$0.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.00$1.65$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.55