Civic Intelligence

Great Aspirations Scholarship Program Inc.

990 • Fiscal year 2021 • EIN 52-1277427

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 21, 2021

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

55th percentile

0.10x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

71st percentile

27%

Higher net margin than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$135,494

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

71st percentile

23%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

37%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,561,771

Up $844,599 (+23%) from 2020

Net Assets

Up

$4,114,254

Up $570,040 (+16%) from 2020

Liabilities

Up

$447,517

Up $274,559 (+159%) from 2020

Revenue

Up

$2,086,879

Up $568,054 (+37%) from 2020

Expenses

Down

$1,516,839

Down $181,569 (-11%) from 2020

Net Income

Up

$570,040

Up $749,623 (+417%) from 2020

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

2021

Assets$4,561,771
Liabilities$447,517
Net Assets$4,114,254

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

2021

Revenue$2,086,879
Expenses$1,516,839
Net Income$570,040
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 21, 2021
Return Version
2020v4.1
Gross Receipts
$2,086,879
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$3,283,668$3,492,719▲ $209,051
Savings and Temporary Cash Investments$211,547$547,263▲ $335,716
Cash and Non-Interest-Bearing Accounts$168,682$235,370▲ $66,688
Pledges and Grants Receivable$28,750$32,500▲ $3,750
Land, Buildings, and Equipment, Net$24,525$24,551▲ $26
Total Assets$3,717,172$4,561,771▲ $844,599
Other Assets Total$0$229,368▲ $229,368
Liabilities
Other Liabilities$274$297,517▲ $297,243
Unsecured Notes Loans Payable$172,684$150,000▼ $22,684
Total Liabilities$172,958$447,517▲ $274,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,456,500$4,053,930▲ $597,430
Net Assets With Donor Restrictions$87,714$60,324▼ $27,390
Total Net Assets Fund Balance$3,544,214$4,114,254▲ $570,040
Total Liabilities and Net Assets / Fund Balance$3,717,172$4,561,771▲ $844,599

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,551$28,112$52,663
Investment Program Related Org$3,492,719--
Other Assets Org$229,368--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd D MartinPresident and CEOFT$135,494$135,494
Patricia Y GordonChief Financial OfficerPT$50,432$50,432
Revenue and Support

Revenue Composition

Contributions and Grants
$1,634,221
Program Service Revenue
$114,700
Investment Income
$337,958
Other Revenue
$0
All Other Contributions
$961,537
Change in Net Assets
$570,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,086,879
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,086,879
Total Revenue per Form 990
$2,086,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$827,596
Grants and Similar Amounts Paid$496,800
Other Expenses$191,499
Professional Fundraising Fees$944
Total Fundraising Expense$944

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$558,402$186,134-$744,536
Grants to Domestic Individuals$496,800--$496,800
Payroll Taxes$43,719$14,573-$58,292
Occupancy$32,731$10,910-$43,641
Office Expenses$26,382--$26,382
Other Employee Benefits$24,768--$24,768
Fees for Services Accounting$16,491$5,497-$21,988
All Other Expenses$12,026$316-$12,342
Depreciation Depletion$9,557--$9,557
Insurance$4,172$1,391-$5,563
Other Expenses$4,594$2,468-$4,594
Interest$1,023$341-$1,364
Fees for Services Professional Fundraising--$944$944
Total Functional Expenses$1,294,265$221,630$944$1,516,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,516,839
Total Expenses per Audited Statements$1,516,839
Total Expenses per Form 990$1,516,839
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$944
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term portion of lease liability$195,413
Scholarships awarded and not paid$35,425
Current portion of lease liability$33,956
Advance donations$16,275
Accrued payroll$16,008
Accrued interest$440
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
2021-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd D Martin
Formed
1983
Legal Domicile
Va
Voting Board Members
26
Independent Board Members
26
Employees
78
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, 2021, 2020 and 2019. 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, 2021.

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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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24135494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2550432
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director, Former Chairman/
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt25Chief Financial Officer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt0672684
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0496800
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0496800
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02086879
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01391
IRS990/InsuranceGrp/ProgramServicesAmt04172
IRS990/InsuranceGrp/TotalAmt05563
IRS990/InterestGrp/ManagementAndGeneralAmt0341
IRS990/InterestGrp/ProgramServicesAmt01023
IRS990/InterestGrp/TotalAmt01364
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0337958
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0337958
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03283668
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03492719
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt028112
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024525
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024551
IRS990/LandBldgEquipCostOrOtherBssAmt052663
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
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
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03544214
IRS990/NetAssetsOrFundBalancesEOYAmt04114254
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03456500
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04053930
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010910
IRS990/OccupancyGrp/ProgramServicesAmt032731
IRS990/OccupancyGrp/TotalAmt043641
IRS990/OfficeExpensesGrp/ProgramServicesAmt026382
IRS990/OfficeExpensesGrp/TotalAmt026382
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0229368
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024768
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024768
IRS990/OtherExpensesGrp/Desc0Computer database servi
IRS990/OtherExpensesGrp/Desc1Cellular communicatons
IRS990/OtherExpensesGrp/Desc2Training expenses
IRS990/OtherExpensesGrp/Desc3Mileage reimbursement
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IRS990/OtherExpensesGrp/ProgramServicesAmt029621
IRS990/OtherExpensesGrp/ProgramServicesAmt122212
IRS990/OtherExpensesGrp/ProgramServicesAmt211767
IRS990/OtherExpensesGrp/ProgramServicesAmt34594
IRS990/OtherExpensesGrp/TotalAmt029621
IRS990/OtherExpensesGrp/TotalAmt124680
IRS990/OtherExpensesGrp/TotalAmt211767
IRS990/OtherExpensesGrp/TotalAmt34594
IRS990/OtherLiabilitiesGrp/BOYAmt0274
IRS990/OtherLiabilitiesGrp/EOYAmt0297517
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0186134
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0558402
IRS990/OtherSalariesAndWagesGrp/TotalAmt0744536
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014573
IRS990/PayrollTaxesGrp/ProgramServicesAmt043719
IRS990/PayrollTaxesGrp/TotalAmt058292
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt028750
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt032500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Todd D Martin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/Desc0Public School Advisor
IRS990/ProgramServiceRevenueGrp/Desc1SOAR Virginia 529
IRS990/ProgramServiceRevenueGrp/Desc2Fees Earned Scholarshi
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt063500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt063500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21200
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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0496800
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0496800
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt050000
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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01384603
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0596938
IRS990/PYInvestmentIncomeAmt067972
IRS990/PYOtherExpensesAmt0201198
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt066250
IRS990/PYRevenuesLessExpensesAmt0-179583
IRS990/PYSalariesCompEmpBnftPaidAmt0882297
IRS990/PYTotalExpensesAmt01698408
IRS990/PYTotalProfFndrsngExpnsAmt017975
IRS990/PYTotalRevenueAmt01518825
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0570040
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01

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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