Civic Intelligence

Great Aspirations Scholarship Program Inc.

990 • Fiscal year 2022 • EIN 52-1277427

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 10, 2022

2821 Emerywood Parkway 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

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.14x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

65th percentile

16%

Higher net margin than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$138,853

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

54th percentile

2.8%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-10%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,687,835

Up $126,064 (+2.8%) from 2021

Net Assets

Up

$4,416,333

Up $302,079 (+7.3%) from 2021

Liabilities

Down

$271,502

Down $176,015 (-39%) from 2021

Revenue

Down

$1,872,899

Down $213,980 (-10%) from 2021

Expenses

Up

$1,570,820

Up $53,981 (+3.6%) from 2021

Net Income

Down

$302,079

Down $267,961 (-47%) from 2021

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

2022

Assets$4,687,835
Liabilities$271,502
Net Assets$4,416,333

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

2022

Revenue$1,872,899
Expenses$1,570,820
Net Income$302,079
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 10, 2022
Return Version
2021v4.2
Gross Receipts
$1,872,899
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$3,492,719$3,935,455▲ $442,736
Cash and Non-Interest-Bearing Accounts$235,370$383,885▲ $148,515
Pledges and Grants Receivable$32,500$84,162▲ $51,662
Savings and Temporary Cash Investments$547,263$69,072▼ $478,191
Land, Buildings, and Equipment, Net$24,551$18,852▼ $5,699
Total Assets$4,561,771$4,687,835▲ $126,064
Other Assets Total$229,368$196,409▼ $32,959
Liabilities
Other Liabilities$297,517$271,252▼ $26,265
Unsecured Notes Loans Payable$150,000--
Accounts Payable and Accrued Expenses-$250-
Total Liabilities$447,517$271,502▼ $176,015
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,053,930$4,067,595▲ $13,665
Net Assets With Donor Restrictions$60,324$348,738▲ $288,414
Total Net Assets Fund Balance$4,114,254$4,416,333▲ $302,079
Total Liabilities and Net Assets / Fund Balance$4,561,771$4,687,835▲ $126,064

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,852$27,097$45,949
Investment Program Related Org$3,935,455--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd D MartinPresident and CEOFT$138,853$138,853
Patricia Y GordonChief Financial OfficerPT$49,195$49,195
Revenue and Support

Revenue Composition

Contributions and Grants
$1,641,035
Program Service Revenue
$476,693
Investment Income
$788
Other Revenue
$-245,617
All Other Contributions
$985,787
Change in Net Assets
$302,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,872,899
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,872,899
Total Revenue per Form 990
$1,872,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$978,044
Grants and Similar Amounts Paid$380,638
Other Expenses$209,834
Total Fundraising Expense$60,058
Professional Fundraising Fees$2,304

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$585,336$234,286$53,532$873,154
Grants to Domestic Individuals$380,638--$380,638
Payroll Taxes$46,158$18,475$4,222$68,855
Other Employee Benefits$36,035--$36,035
Occupancy$24,720$8,240-$32,960
Office Expenses$30,526--$30,526
Fees for Services Accounting$19,843$6,614-$26,457
All Other Expenses$23,760$363-$24,123
Other Expenses$12,344$2,473-$12,344
Depreciation Depletion$7,592--$7,592
Insurance$4,764$1,588-$6,352
Fees for Services Professional Fundraising--$2,304$2,304
Interest$727$242-$969
Total Functional Expenses$1,238,481$272,281$60,058$1,570,820

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,570,820
Total Expenses per Audited Statements$1,570,820
Total Expenses per Form 990$1,570,820
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$2,304
Fundraising Direct Expenses$0
Fundraising Gross Income$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
Long-term portion of lease liability$165,292
Scholarships awarded and not paid$73,000
Current portion of lease liability$32,960
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 204, Richmond, VA 23294-3726
Doing Business As
Dba Grasp

Signing Officer

Name
Todd D Martin
Title
President and CEO
Phone
8045277728
Signed
2022-12-10
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
84
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, 2022, 2021 and 2020. 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, 2022.

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IRS990/Form990PartVIISectionAGrp/PersonNm11Levar M Stoney
IRS990/Form990PartVIISectionAGrp/PersonNm12James W Beamer
IRS990/Form990PartVIISectionAGrp/PersonNm13Matthew P Bosher Esq
IRS990/Form990PartVIISectionAGrp/PersonNm14Paula F Robinson MPA
IRS990/Form990PartVIISectionAGrp/PersonNm15Mary Y Neal
IRS990/Form990PartVIISectionAGrp/PersonNm16Gary R Thomson
IRS990/Form990PartVIISectionAGrp/PersonNm17Maria Pitre-Martin PhD
IRS990/Form990PartVIISectionAGrp/PersonNm18Paul C Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm19Richard D Adams
IRS990/Form990PartVIISectionAGrp/PersonNm20Charmica Epps Harris
IRS990/Form990PartVIISectionAGrp/PersonNm21Lorraine Justice PhD
IRS990/Form990PartVIISectionAGrp/PersonNm22Ebony A Lambert PhD
IRS990/Form990PartVIISectionAGrp/PersonNm23Van C Wilson EdD
IRS990/Form990PartVIISectionAGrp/PersonNm24Martha Burton
IRS990/Form990PartVIISectionAGrp/PersonNm25Kristin Carleton AAMS
IRS990/Form990PartVIISectionAGrp/PersonNm26Juan Espinoza
IRS990/Form990PartVIISectionAGrp/PersonNm27Delegate J William Morefield
IRS990/Form990PartVIISectionAGrp/PersonNm28Kelli Parker
IRS990/Form990PartVIISectionAGrp/PersonNm29Todd D Martin
IRS990/Form990PartVIISectionAGrp/PersonNm30Patricia Y Gordon
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29138853
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3049195
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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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/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
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/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt30Chief Financial Officer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt05248
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt0650000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0380638
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0380638
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01872899
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01588
IRS990/InsuranceGrp/ProgramServicesAmt04764
IRS990/InsuranceGrp/TotalAmt06352
IRS990/InterestGrp/ManagementAndGeneralAmt0242
IRS990/InterestGrp/ProgramServicesAmt0727
IRS990/InterestGrp/TotalAmt0969
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0788
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0788
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03492719
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03935455
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt024551
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018852
IRS990/LandBldgEquipCostOrOtherBssAmt045949
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.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt024720
IRS990/OccupancyGrp/TotalAmt032960
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IRS990/OfficeExpensesGrp/TotalAmt030526
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0196409
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036035
IRS990/OtherExpensesGrp/Desc0Computer database servi
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IRS990/OtherExpensesGrp/Desc2Program expense
IRS990/OtherExpensesGrp/Desc3Training expenses
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IRS990/OtherExpensesGrp/ProgramServicesAmt027312
IRS990/OtherExpensesGrp/ProgramServicesAmt122256
IRS990/OtherExpensesGrp/ProgramServicesAmt216470
IRS990/OtherExpensesGrp/ProgramServicesAmt312344
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IRS990/OtherExpensesGrp/TotalAmt124729
IRS990/OtherExpensesGrp/TotalAmt216470
IRS990/OtherExpensesGrp/TotalAmt312344
IRS990/OtherLiabilitiesGrp/BOYAmt0297517
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IRS990/OtherRevenueMiscGrp/Desc0Decline in fair value
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-245617
IRS990/OtherRevenueTotalAmt0-245617
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt053532
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0234286
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0585336
IRS990/OtherSalariesAndWagesGrp/TotalAmt0873154
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04222
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018475

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

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