EIN 92-3678959 • 501(c)3 • Laguna Beach, CA
Profile
The specific purposes of this corporation include but are not limited to engaging in charitable and educational activites,including those activites that contribute to international understanding by providing students from various countries with the opportunity to improve their knowledge of foreign cultures and languages through interacting with fellow american students, colleagues and members of their organizations and communities in countries or regions other than their own.
Scores are not available for this record yet.
Assets
Up$2,852,980
Up $98,880 (+3.6%) from 2024
Liabilities
Up$780,800
Up $35,660 (+4.8%) from 2024
Net Assets
Up$2,072,180
Up $63,220 (+3.1%) from 2024
Revenue
Down$2,852,010
Down $2,105,720 (-42%) from 2024
Expenses
Down$2,788,790
Down $159,980 (-5.4%) from 2024
Net Income
Down$63,220
Down $1,945,740 (-97%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2025Detailed filing. Detailed filing data is available for this year. | $2.85 | $0.78 | $2.07 | $2.85 | $2.79 | $0.06 |
| 2024Detailed filing. Detailed filing data is available for this year. | $2.75 | $0.75 | $2.01 | $4.96 | $2.95 | $2.01 |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.15 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 |
The specific purposes of this corporation include but are not limited to engaging in charitable and educational activites,including those activites that contribute to international understanding by providing students from various countries with the opportunity to improve their knowledge of foreign cultures and languages through interacting with fellow american students, colleagues and members of their organizations and communities in countries or regions other than their own.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,381,810 | $2,265,930 | ▼ $115,880 |
| Cash and Non-Interest-Bearing Accounts | $195,660 | $410,700 | ▲ $215,040 |
| Prepaid Expenses and Deferred Charges | $137,660 | $133,440 | ▼ $4,220 |
| Accounts Receivable | $38,970 | $42,910 | ▲ $3,940 |
| Total Assets | $2,754,100 | $2,852,980 | ▲ $98,880 |
| Liabilities | |||
| Deferred Revenue | $269,900 | $415,260 | ▲ $145,360 |
| Accounts Payable and Accrued Expenses | $475,240 | $365,540 | ▼ $109,700 |
| Total Liabilities | $745,140 | $780,800 | ▲ $35,660 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,008,960 | $2,072,180 | ▲ $63,220 |
| Total Net Assets Fund Balance | $2,008,960 | $2,072,180 | ▲ $63,220 |
| Total Liabilities and Net Assets / Fund Balance | $2,754,100 | $2,852,980 | ▲ $98,880 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| William Gustafson | Presidnt and | PT | $141,770 | $393,050 | $534,820 |
| Diane Mathuny | Chief Financ | PT | $129,070 | $377,520 | $506,590 |
| Fei Jiang | Chief Operat | PT | $269,740 | $127,320 | $397,060 |
| Fei Jiang | Chief Operating Offi | - | $231,430 | $47,910 | $317,650 |
| William Gustafson | Presidnt and CEO | - | $137,040 | $37,310 | $160,450 |
| Diane Mathuny | Chief Financial Offi | - | $115,170 | $61,220 | $151,980 |
| Name | Title |
|---|---|
| Philippe Kohn | Chair of the |
| Denise Nunn | Vice Chair |
| Jingjue Shi | Director |
| Ting Gong | Director |
| Eric Spitaleri | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,520,600 |
| Other Expenses | $1,268,190 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Insurance | $515,910 | $120,570 | - | $636,480 |
| Other Salaries and Wages | $477,100 | $148,920 | - | $626,020 |
| Current Officers, Directors, Trustees, and Key Employees | $293,470 | $302,630 | - | $596,100 |
| Other Employee Benefits | $110,660 | $45,800 | - | $156,460 |
| Occupancy | $98,480 | $15,950 | - | $114,430 |
| Travel | $79,400 | $4,810 | - | $84,210 |
| Conferences and Meetings | $70,420 | $11,870 | - | $82,290 |
| Payroll Taxes | $45,990 | $26,090 | - | $72,080 |
| Pension Plan Contributions | $52,250 | $17,690 | - | $69,940 |
| Fees for Services Other | $44,680 | - | - | $44,680 |
| Other Expenses | $25,800 | $21,600 | - | $25,800 |
| Information Technology | $19,240 | $1,550 | - | $20,790 |
| Fees for Services Legal | - | $19,790 | - | $19,790 |
| Fees for Services Accounting | - | $16,170 | - | $16,170 |
| Office Expenses | $2,240 | - | - | $2,240 |
| Total Functional Expenses | $2,035,350 | $753,440 | $0 | $2,788,790 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,788,790 |
| Total Expenses per Audited Statements | $2,788,790 |
| Total Expenses per Form 990 | $2,788,790 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Philippe kohn 17 cardiff laguna niguel, ca 92607 denise nunn 15542 aulnay lane huntington beach, ca 92647 eric spitaleri 1600 emerald bay laguna beach, ca 92651 ting gong 7 beihuan east road room 806 bld 6 daxing district, beijing, ch 100176 jingjue shi lane 1199, 20 pudong avenue suite401 shanghai, ch 201318”
“The form 990 is prepared by the chief financial officer and chief operating officer, and reviewed by the president and ceo.”
“Officers and directors disclose conflicts of interest at the annual board of directors meeting. Ongoing conflicts of interest are approved by the board of directors at the start of each fiscal year.”
“The form 990 is made available to the public in compliance with the freedom of information act.”
“The specific purposes of this corporation include but are not limited to engaging in charitable and educational activites,including those activites that contribute to international understanding by providing students from various countries with the opportunity to improve their knowledge of foreign cultures and languages through interacting with fellow american students, colleagues and members of their organizations and communities in countries or regions other than their own.”
“Asse aspire, inc. (the company) is a not-for-profit organization as described in section 501(c)(3) of the internal revenue code (irc) and is exempt from federal income taxes pursuant to the applicable sections of the irc. The company received a favorable determination letter from the internal revenue service, dated december 5, 2023, stating that asse aspire, inc. Qualifies for tax exempt status. Management believes that the company currently operates such that it qualifies for continued exemption from income taxes. Accordingly, no provision for federal income tax has been recorded in the accompanying financial statements. The company is subject, however, to federal and california income taxes on net unrelated business income as stipulated in irc section 511 and regulation section 1.511. During the years ended august 31, 2025 and 2024, the company had no unrelated business income. Asse aspire, inc. Annually evaluates tax positions as part of the preparation of its exempt tax return. This process includes an analysis of whether tax positions the company takes with regard to a particular item of income or deduction would meet the definition of an uncertain tax position under current accounting guidance. The company believes its tax positions are appropriate based on current facts and circumstances. The company's policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. At august 31, 2025 and 2024, the company did not have any unrecognized tax benefits. The company is no longer subject to u.s. Federal, state or local income tax examinations by tax authorities for years before 2021.”
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/ProgSrvcAccomActy2Grp/Desc | 0 | INTERNSHIP PROGRAM - TO ENHANCE AN EXCHANGE VISITOR'S SKILLS IN HIS/HER OCCUPATION THROUGH PARTICIPATION IN A STRUCTURED INTERNSHIP TRAINING PROGRAM IN AN AMERICAN HOST COMPANY FOR UP TO TWELVE MONTHS. TO IMPROVE THE PARTICIPANT'S KNOWLEDGE OF AMERICAN TECHNIQUES, METHODOLOGIES, AND/OR EXPERTISE WITHIN THE INDIVIDUAL'S FIELD OF ENDEAVOR. TO ENABLE FULLTIME UNIVERSITY STUDENTS OR RECENT GRADUATES TO BETTER UNDERSTAND AMERICAN CULTURE AND SOCIETY. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ASSE ASPIRE, INC. (THE COMPANY) IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO THE APPLICABLE SECTIONS OF THE IRC. THE COMPANY RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE, DATED DECEMBER 5, 2023, STATING THAT ASSE ASPIRE, INC. QUALIFIES FOR TAX EXEMPT STATUS. MANAGEMENT BELIEVES THAT THE COMPANY CURRENTLY OPERATES SUCH THAT IT QUALIFIES FOR CONTINUED EXEMPTION FROM INCOME TAXES. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT, HOWEVER, TO FEDERAL AND CALIFORNIA INCOME TAXES ON NET UNRELATED BUSINESS INCOME AS STIPULATED IN IRC SECTION 511 AND REGULATION SECTION 1.511. DURING THE YEARS ENDED AUGUST 31, 2025 AND 2024, THE COMPANY HAD NO UNRELATED BUSINESS INCOME. ASSE ASPIRE, INC. ANNUALLY EVALUATES TAX POSITIONS AS PART OF THE PREPARATION OF ITS EXEMPT TAX RETURN. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS THE COMPANY TAKES WITH REGARD TO A PARTICULAR ITEM OF INCOME OR DEDUCTION WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER CURRENT ACCOUNTING GUIDANCE. THE COMPANY BELIEVES ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE COMPANY'S POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. AT AUGUST 31, 2025 AND 2024, THE COMPANY DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE SPECIFIC PURPOSES OF THIS CORPORATION INCLUDE BUT ARE NOT LIMITED TO ENGAGING IN CHARITABLE AND EDUCATIONAL ACTIVITES,INCLUDING THOSE ACTIVITES THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING STUDENTS FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH INTERACTING WITH FELLOW AMERICAN STUDENTS, COLLEAGUES AND MEMBERS OF THEIR ORGANIZATIONS AND COMMUNITIES IN COUNTRIES OR REGIONS OTHER THAN THEIR OWN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PHILIPPE KOHN 17 CARDIFF LAGUNA NIGUEL, CA 92607 DENISE NUNN 15542 AULNAY LANE HUNTINGTON BEACH, CA 92647 ERIC SPITALERI 1600 EMERALD BAY LAGUNA BEACH, CA 92651 TING GONG 7 BEIHUAN EAST ROAD ROOM 806 BLD 6 DAXING DISTRICT, BEIJING, CH 100176 JINGJUE SHI LANE 1199, 20 PUDONG AVENUE SUITE401 SHANGHAI, CH 201318 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS PREPARED BY THE CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER, AND REVIEWED BY THE PRESIDENT AND CEO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | OFFICERS AND DIRECTORS DISCLOSE CONFLICTS OF INTEREST AT THE ANNUAL BOARD OF DIRECTORS MEETING. ONGOING CONFLICTS OF INTEREST ARE APPROVED BY THE BOARD OF DIRECTORS AT THE START OF EACH FISCAL YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC IN COMPLIANCE WITH THE FREEDOM OF INFORMATION ACT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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