Civic Intelligence

Great Aspirations Scholarship Program Inc.

990 • Fiscal year 2016 • EIN 52-1277427

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 10, 2016

Organization Profilewww.grasp4virginia.com
4551 Cox Road Suite 115Glen Allen, VA 23060-6740

(804) 527-7726

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

90th percentile

40%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$66,000

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

86th percentile

28%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,546,518

Up $786,015 (+28%) from 2015

Net Assets

Up

$3,542,271

Up $805,284 (+29%) from 2015

Liabilities

Down

$4,247

Down $19,269 (-82%) from 2015

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin90th percentile

Revenue

Up

$2,003,035

Up $478,364 (+31%) from 2015

Expenses

Up

$1,197,751

Up $147,237 (+14%) from 2015

Net Income

Up

$805,284

Up $331,127 (+70%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

2016

Assets$3,546,518
Liabilities$4,247
Net Assets$3,542,271
Open 2016 Filing

Operations Trend

Revenue Growth83rd percentile

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

2016

Revenue$2,003,035
Expenses$1,197,751
Net Income$805,284
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$2,003,035
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.

To 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.GRASP anticipates continuing to take advantage of the Virginia Neighborhood Assistance Tax Credit Program ("NAP") and Education Improvement Scholarship Program ("EISP"). The NAP and EISP programs provide significant tax incentives to Virginia private and business donors who support scholarships and other tuition assistance programs as defined further in Item III, 4(c).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,484,487$2,735,676▲ $251,189
Savings and Temporary Cash Investments$116,362$639,202▲ $522,840
Cash and Non-Interest-Bearing Accounts$110,304$155,134▲ $44,830
Pledges and Grants Receivable$39,250$8,750▼ $30,500
Land, Buildings, and Equipment, Net$10,100$7,756▼ $2,344
Total Assets$2,760,503$3,546,518▲ $786,015
Liabilities
Accounts Payable and Accrued Expenses$5,000--
Other Liabilities$18,516$4,247▼ $14,269
Total Liabilities$23,516$4,247▼ $19,269
Net Assets / Fund Balance
Unrestricted Net Assets$2,175,893$2,658,919▲ $483,026
Temporarily Rstr Net Assets$561,094$883,352▲ $322,258
Total Net Assets Fund Balance$2,736,987$3,542,271▲ $805,284
Total Liabilities and Net Assets / Fund Balance$2,760,503$3,546,518▲ $786,015

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,756$15,837$23,593
Investment Program Related Org$2,735,676--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth E Heggie MBAChief Executive OfficerFT$66,000$66,000

Board Members and Trustees

NameTitle
Robert Holsworth PhDChairman
Senator Walter A StoschDirector, Past Chairman/Treas.
Kenneth M DyeVice Chairman
Andrea P McDanielDirector
Congressman David A Brat PhDDirector
David L Bailey Jr PhDDirector
David W Didawick CPADirector
Dianne Reynolds-Cane MDDirector
Elsie Rose CPA CGMADirector
James W BeamerDirector
Jane M Alford MEdCRCDirector
Jean W Cunningham EsqDirector
Judge Randolph A BealesDirector
Julian S Hillery III CFADirector
Kenneth D BarkerDirector
Levar M StoneyDirector
Matthew P Bosher EsqDirector
Paula F RobinsonDirector
Raymond Garguilo EdDDirector
Robert B Maxwell III M EdDirector
Robyn Diehl McDougle PhDDirector
Sarah H Scarbrough PhDDirector
Stacey Strawn MA EdHDDirector
Thomas M Denson III CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,905,208
Program Service Revenue
$56,672
Investment Income
$41,155
Other Revenue
$0
All Other Contributions
$1,464,208
Change in Net Assets
$805,284

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$16,161Hourly rate of $125
Other Non Cash Contri Table1$13,531Hourly rate of $125
Total Noncash Contributions2$29,692-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,003,035
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,003,035
Total Revenue per Form 990
$2,003,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$559,495
Grants and Similar Amounts Paid$413,206
Other Expenses$225,050
Total Fundraising Expense$14,136
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$388,735$129,578-$518,313
Grants to Domestic Individuals$413,206--$413,206
Occupancy$36,341$12,113-$48,454
Payroll Taxes$28,957$9,652-$38,609
All Other Expenses$37,141$1,244-$38,385
Office Expenses$30,530--$30,530
Fees for Services Accounting$20,358$6,786-$27,144
Other Expenses$16,035-$14,136$14,136
Insurance$3,000$1,001-$4,001
Depreciation Depletion$3,582--$3,582
Other Employee Benefits$2,573--$2,573
Total Functional Expenses$1,023,241$160,374$14,136$1,197,751

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,197,751
Total Expenses per Audited Statements$1,197,751
Total Expenses per Form 990$1,197,751
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
Accrued payroll$4,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 B, line 11

“Form 990 is reviewed by Organization's Treasurer before its release.”

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

“GRASP'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.”

Form 990, Part VI, Section B, line 15

“Compensation of the Chief Executive Officer and Management is subject to review and approval by the Executive Committee of the Board of Directors on an annual basis. Compensation 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.”

Form 990, Part VI, Section C, line 19

“Governing documents are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
GReat Aspirations
EIN
52-1277427
Phone
8045277726
Address
4551 Cox Road Suite 115, Glen Allen, VA 23060-6740
Doing Business As
Dba Grasp

Signing Officer

Name
Anne P Michie Esq
Title
Director
Phone
8045277726
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne P Michie Esq
Formed
1983
Legal Domicile
Va
Voting Board Members
24
Independent Board Members
24
Employees
64
Volunteers
0

Preparer

Firm
Owen Plc
Address
11229 Ensley Court, Richmond, VA 23233-1850
Preparer
Thomas E Owen Jr CPA
Phone
8042413258
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2(C)

“The organization has not changed its process since its prior tax year for internal oversight or auditor selection.”

Financial Statement Notes

Part X, Line 2:

“GRASP has evaluated its tax position for all open tax years subject to examination by the Internal Revenue Service which include the fiscal years ended June 30, 2016, 2015 and 2014. Based on the evaluation of GRASP's tax positions, management believes all tax positions taken by GRASP will be upheld for any examination that may follow in the open tax years previously mentioned. Therefore, no provision for the effects of uncertain tax positions has been made by management for the year ended June 30, 2016.”

Part XI, Line 2D - Other Adjustments:

“Loss on disposition of fixed assets - tax basis”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Senator Walter A Stosch
IRS990/Form990PartVIISectionAGrp/PersonNm1Congressman David A Brat PhD
IRS990/Form990PartVIISectionAGrp/PersonNm2Sarah H Scarbrough PhD
IRS990/Form990PartVIISectionAGrp/PersonNm3Jane M Alford MEdCRC
IRS990/Form990PartVIISectionAGrp/PersonNm4David L Bailey Jr PhD
IRS990/Form990PartVIISectionAGrp/PersonNm5Thomas M Denson III CPA
IRS990/Form990PartVIISectionAGrp/PersonNm6Raymond Garguilo EdD
IRS990/Form990PartVIISectionAGrp/PersonNm7Robert Holsworth PhD
IRS990/Form990PartVIISectionAGrp/PersonNm8Andrea P McDaniel
IRS990/Form990PartVIISectionAGrp/PersonNm9David W Didawick CPA
IRS990/Form990PartVIISectionAGrp/PersonNm10Robert B Maxwell III M Ed
IRS990/Form990PartVIISectionAGrp/PersonNm11Kenneth D Barker
IRS990/Form990PartVIISectionAGrp/PersonNm12Kenneth M Dye
IRS990/Form990PartVIISectionAGrp/PersonNm13Robyn Diehl McDougle PhD
IRS990/Form990PartVIISectionAGrp/PersonNm14Elsie Rose CPA CGMA
IRS990/Form990PartVIISectionAGrp/PersonNm15Stacey Strawn MA EdHD
IRS990/Form990PartVIISectionAGrp/PersonNm16Judge Randolph A Beales
IRS990/Form990PartVIISectionAGrp/PersonNm17Levar M Stoney
IRS990/Form990PartVIISectionAGrp/PersonNm18James W Beamer
IRS990/Form990PartVIISectionAGrp/PersonNm19Matthew P Bosher Esq
IRS990/Form990PartVIISectionAGrp/PersonNm20Jean W Cunningham Esq
IRS990/Form990PartVIISectionAGrp/PersonNm21Julian S Hillery III CFA
IRS990/Form990PartVIISectionAGrp/PersonNm22Dianne Reynolds-Cane MD
IRS990/Form990PartVIISectionAGrp/PersonNm23Paula F Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm24Elizabeth E Heggie MBA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director, Past Chairman/Treas.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chief Executive Officer
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IRS990/MissionDesc0To 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.
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IRS990/NetAssetsOrFundBalancesEOYAmt03542271
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt029692
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt036341
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt02573
IRS990/OtherExpensesGrp/Desc0Training expenses
IRS990/OtherExpensesGrp/Desc1Mileage reimbursement
IRS990/OtherExpensesGrp/Desc2Computer database servi
IRS990/OtherExpensesGrp/Desc3Fundraising
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09652
IRS990/PayrollTaxesGrp/ProgramServicesAmt028957
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Anne P Michie Esq
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/Desc0Public School Advisor
IRS990/ProgramServiceRevenueGrp/Desc1Fees Earned Scholarshi
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11022
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11022
IRS990/ProgSrvcAccomActy2Grp/Desc0GRASP 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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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0413206
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt055650
IRS990/ProgSrvcAccomActy3Grp/Desc0GRASP anticipates continuing to take advantage of the Virginia Neighborhood Assistance Tax Credit Program ("NAP") and Education Improvement Scholarship Program ("EISP"). The NAP and EISP programs provide significant tax incentives to Virginia private and business donors who support scholarships and other tuition assistance programs of (1) students and families of low to modest financial means and (2) provide scholastic assistance in developing post - secondary academic and vocational plans for children with one or more disabilities as defined under the federal IDEA legislation. The NAP program requires that more than 50% of GRASP tax credit derived revenues are used for education services in support of students and families with income at or below 300% of the recognized poverty level of income or 400% of the recognized poverty level for students with disabilities. The EISP Program, primarily a scholarship program for students in K-12 who wish to attend a private school, requires that at least 90% of tax credit generated revenues under this program be paid out in scholarships for students at or below 300% of poverty, or in the case of students with disabilities, 400% of poverty by the end of the following fiscal year end. The GRASP Board has directed that preference be given to scholarships for students with disabilities attending private schools with specialized disability services under the EISP Program.
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,546,518
Liabilities
$4,247
Net assets
$3,542,271
Revenue
$2,003,035
Expenses
$1,197,751
Net income
$805,284
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