Civic Intelligence

Great Aspirations Scholarship Program Inc.

990 • Fiscal year 2020 • EIN 52-1277427

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 22, 2020

2821 Emerywood Parkway No 204Richmond, VA 23294-3726

(804) 527-7726

Siviq Scores

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

Liabilities / Assets

39th percentile

0.05x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.11x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$72,617

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

31st percentile

-0.2%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-30%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,717,172

Down $6,625 (-0.2%) from 2019

Net Assets

Down

$3,544,214

Down $179,583 (-4.8%) from 2019

Liabilities

Up

$172,958

Up $172,958 from 2019

Revenue

Down

$1,518,825

Down $646,233 (-30%) from 2019

Expenses

Down

$1,698,408

Down $625,409 (-27%) from 2019

Net Income

Down

-$179,583

Down $20,824 (-13%) from 2019

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

2020

Assets$3,717,172
Liabilities$172,958
Net Assets$3,544,214

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

2020

Revenue$1,518,825
Expenses$1,698,408
Net Income-$179,583
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 22, 2020
Return Version
2019v5.1
Gross Receipts
$1,518,825
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 focus is on increasing college, technical school, and workforce credential access and graduation rates, particularly among families without sufficient financial resources to accomplish this 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$3,261,093$3,283,668▲ $22,575
Savings and Temporary Cash Investments$341,742$211,547▼ $130,195
Cash and Non-Interest-Bearing Accounts$99,115$168,682▲ $69,567
Pledges and Grants Receivable$13,007$28,750▲ $15,743
Land, Buildings, and Equipment, Net$8,840$24,525▲ $15,685
Total Assets$3,723,797$3,717,172▼ $6,625
Liabilities
Unsecured Notes Loans Payable-$172,684-
Other Liabilities$0$274▲ $274
Total Liabilities$0$172,958▲ $172,958
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,537,698$3,456,500▼ $81,198
Net Assets With Donor Restrictions$186,099$87,714▼ $98,385
Total Net Assets Fund Balance$3,723,797$3,544,214▼ $179,583
Total Liabilities and Net Assets / Fund Balance$3,723,797$3,717,172▼ $6,625

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,525$18,555$43,080
Investment Program Related Org$3,283,668--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth E Heggie MBAChief Operating OfficerFT$72,617$72,617
Kenneth D BarkerFormer President and CEOPT$57,500$57,500
Patricia Y GordonChief Financial OfficerPT$49,717$49,717
Revenue and Support

Revenue Composition

Contributions and Grants
$1,384,603
Program Service Revenue
$66,250
Investment Income
$67,972
Other Revenue
$0
All Other Contributions
$827,103
Change in Net Assets
$-179,583

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$16,000$125/hr max for elig
Other Non Cash Contri Table1$3,062$125/hr max for elig
Total Noncash Contributions2$19,062-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,518,825
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$19,363
Total Revenue per Audited Statements
$1,538,188
Total Revenue per Form 990
$1,518,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$882,297
Grants and Similar Amounts Paid$596,938
Other Expenses$201,198
Professional Fundraising Fees$17,975
Total Fundraising Expense$17,975

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$603,083$201,028-$804,111
Grants to Domestic Individuals$596,938--$596,938
Occupancy$47,305$15,768-$63,073
Payroll Taxes$46,136$15,379-$61,515
Office Expenses$26,579--$26,579
Fees for Services Professional Fundraising--$17,975$17,975
Other Employee Benefits$16,671--$16,671
Other Expenses$11,375--$11,375
Insurance$4,539$1,513-$6,052
Depreciation Depletion$4,599--$4,599
Fees for Services Other$1,760$586-$2,346
Interest$205$69-$274
All Other Expenses$-138,976$2,655-$-136,321
Total Functional Expenses$1,443,435$236,998$17,975$1,698,408

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,717,771
Expenses per Audited Statements$1,698,408
Total Expenses per Form 990$1,698,408
Expenses Not Reported on Form 990$19,363
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,975
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 interest$274
Governance and Compliance

Governance Checklist

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

The final version Form 990 is e-mailed to the Chief Financial Officer who then e-mails the return to each voting Board member before the Form 990 is e-filed. The Form 990 is reviewed by the Chief Financial Officer, Treasurer, President and Audit Committee Chairwoman before the it is released for e-filing to the IRS, All board members will have also received the return and have access to the return before its filing.

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 conflict 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 on the public website.

Filing and Contact Details

Filer

Filer Name
GReat Aspirations
EIN
52-1277427
Phone
8045277726
Address
2821 Emerywood Parkway No 204, Richmond, VA 23294-3726
Doing Business As
Dba Grasp

Signing Officer

Name
Todd D Martin
Title
President and CEO
Phone
8045277728
Signed
2020-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd D Martin
Formed
1983
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
23
Employees
74
Volunteers
0

Preparer

Firm
Owen Plc
Address
7294 Ellingham Court, Glen Allen, VA 23059-7172
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, 2020, 2019 and 2018. 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, 2020.

Part XII, Line 2D - Other Adjustments:

Nondeduct Rev Rul 2020-27 payroll expenses for anticipated PPP forgiveness 172,684. HR 133 allowance of PPP payroll expenses for anticipated PPP forgiveness -172,684.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Senator Walter A Stosch
IRS990/Form990PartVIISectionAGrp/PersonNm1Sarah H Scarbrough PhD
IRS990/Form990PartVIISectionAGrp/PersonNm2Raymond Garguilo EdD
IRS990/Form990PartVIISectionAGrp/PersonNm3Andrea P McDaniel
IRS990/Form990PartVIISectionAGrp/PersonNm4David W Didawick CPA
IRS990/Form990PartVIISectionAGrp/PersonNm5Robert B Maxwell III M Ed
IRS990/Form990PartVIISectionAGrp/PersonNm6Kenneth M Dye
IRS990/Form990PartVIISectionAGrp/PersonNm7Robyn Diehl McDougle PhD
IRS990/Form990PartVIISectionAGrp/PersonNm8Elsie L Rose CPA CGMA
IRS990/Form990PartVIISectionAGrp/PersonNm9Stacey Strawn MA EdHD
IRS990/Form990PartVIISectionAGrp/PersonNm10Judge Randolph A Beales
IRS990/Form990PartVIISectionAGrp/PersonNm11Levar M Stoney
IRS990/Form990PartVIISectionAGrp/PersonNm12James W Beamer
IRS990/Form990PartVIISectionAGrp/PersonNm13Matthew P Bosher Esq
IRS990/Form990PartVIISectionAGrp/PersonNm14Julian S Hillery III CFA
IRS990/Form990PartVIISectionAGrp/PersonNm15Paula F Robinson MPA
IRS990/Form990PartVIISectionAGrp/PersonNm16Mary Y Neal
IRS990/Form990PartVIISectionAGrp/PersonNm17Gary R Thomson
IRS990/Form990PartVIISectionAGrp/PersonNm18Maria Pitre-Martin PhD
IRS990/Form990PartVIISectionAGrp/PersonNm19Paul C Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm20Richard D Adams
IRS990/Form990PartVIISectionAGrp/PersonNm21Elizabeth E Heggie MBA
IRS990/Form990PartVIISectionAGrp/PersonNm22Kenneth D Barker
IRS990/Form990PartVIISectionAGrp/PersonNm23Todd D Martin
IRS990/Form990PartVIISectionAGrp/PersonNm24Patricia Y Gordon
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director, Former Chairman/Tr
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt22Former President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chief Financial Officer
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GRASP'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.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc0HR 133 overrule of Rev
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IRS990/OtherExpensesGrp/Desc2Training expenses
IRS990/OtherExpensesGrp/Desc3Computer database servi
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IRS990/PayrollTaxesGrp/ProgramServicesAmt046136
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IRS990/PrincipalOfficerNm0Todd D Martin
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Public School Advisor
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066250
IRS990/ProgSrvcAccomActy2Grp/Desc0Unique among many college access and success programs, GRASP operates several scholarship programs, including at least one scholarship for every school it serves. Students have the option to use these scholarships for 2-year, 4-year, and trade schools.Additionally, GRASP awarded scholarships for students from low to moderate income households for private K-12 Virginia schools based on donations through the Education Improvement Scholars Program ("EISP").
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0596938
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt057500
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, 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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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt053623
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IRS990/PYOtherRevenueAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0211547
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01999024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01728244
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01786506
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01905208
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt067972
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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
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