Civic Intelligence

Aspect Foundation Inc.

990 • Fiscal year 2017 • EIN 94-3040365

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 12, 2018

Organization ProfileWWW.ASPECTFOUNDATION.ORG

View Organization Page

250 Columbus Avenue No 200San Francisco, CA 94133

(415) 228-8050

Siviq Scores

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

Liabilities / Assets

40th percentile

0.09x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.15x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$180,964

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$5,266,943

Up $728,976 (+16%) from 2016

Net Assets

Up

$4,783,061

Up $570,753 (+14%) from 2016

Liabilities

Up

$483,882

Up $158,223 (+49%) from 2016

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin69th percentile

Revenue

Up

$3,261,072

Up $415,616 (+15%) from 2016

Expenses

Up

$2,888,680

Up $131,565 (+4.8%) from 2016

Net Income

Up

$372,392

Up $284,051 (+322%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,228,279Liabilities 2010: $671,252Net Assets 2010: $557,0272010Assets 2011: $2,040,508Liabilities 2011: $808,686Net Assets 2011: $1,231,8222011Assets 2012: $2,388,682Liabilities 2012: $505,666Net Assets 2012: $1,883,0162012Assets 2013: $3,074,447Liabilities 2013: $644,837Net Assets 2013: $2,429,6102013Assets 2014: $4,361,745Liabilities 2014: $1,044,196Net Assets 2014: $3,317,5492014Assets 2015: $4,877,889Liabilities 2015: $1,020,829Net Assets 2015: $3,857,0602015Assets 2016: $4,537,967Liabilities 2016: $325,659Net Assets 2016: $4,212,3082016Assets 2017: $5,266,943Liabilities 2017: $483,882Net Assets 2017: $4,783,0612017Assets 2018: $5,578,698Liabilities 2018: $418,105Net Assets 2018: $5,160,5932018Assets 2019: $5,727,049Liabilities 2019: $453,103Net Assets 2019: $5,273,9462019Assets 2020: $5,577,605Liabilities 2020: $592,342Net Assets 2020: $4,985,2632020Assets 2021: $7,025,540Liabilities 2021: $438,579Net Assets 2021: $6,586,9612021Assets 2022: $5,874,359Liabilities 2022: $515,891Net Assets 2022: $5,358,4682022Assets 2023: $5,986,201Liabilities 2023: $494,248Net Assets 2023: $5,491,9532023Assets 2024: $6,720,980Liabilities 2024: $440,956Net Assets 2024: $6,280,0242024Assets 2025: $7,301,036Liabilities 2025: $538,512Net Assets 2025: $6,762,5242025

Highlighted filing

2017

Assets$5,266,943
Liabilities$483,882
Net Assets$4,783,061
Open 2017 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,058,8022010Expenses 2011: $2,235,9232011Expenses 2012: $2,443,8312012Revenue 2013: $2,990,438Expenses 2013: $2,443,843Net Income 2013: $546,5952013Revenue 2014: $3,228,436Expenses 2014: $2,327,670Net Income 2014: $900,7662014Revenue 2015: $3,484,670Expenses 2015: $2,809,260Net Income 2015: $675,4102015Revenue 2016: $2,845,456Expenses 2016: $2,757,115Net Income 2016: $88,3412016Revenue 2017: $3,261,072Expenses 2017: $2,888,680Net Income 2017: $372,3922017Revenue 2018: $3,177,092Expenses 2018: $2,872,767Net Income 2018: $304,3252018Revenue 2019: $3,163,275Expenses 2019: $3,139,762Net Income 2019: $23,5132019Revenue 2020: $1,188,857Expenses 2020: $1,903,150Net Income 2020: -$714,2932020Revenue 2021: $3,524,658Expenses 2021: $2,061,597Net Income 2021: $1,463,0612021Revenue 2022: $2,872,592Expenses 2022: $2,792,215Net Income 2022: $80,3772022Revenue 2023: $2,044,149Expenses 2023: $2,908,241Net Income 2023: -$864,0922023Revenue 2024: $2,713,935Expenses 2024: $2,822,193Net Income 2024: -$108,2582024Revenue 2025: $2,250,464Expenses 2025: $2,359,852Net Income 2025: -$109,3882025

Highlighted filing

2017

Revenue$3,261,072
Expenses$2,888,680
Net Income$372,392
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 12, 2018
Return Version
2016v3.0
Gross Receipts
$3,261,072
Mission and Program Overview

Mission

To build international goodwill, cross-cultural understanding and a peaceful future through educational and cultural exchange.

TO BUILD INTERNATIONAL GOODWILL, CROSS-CULTURAL UNDERSTANDING AND A (CONTINUED ON SCHEDULE O) Peaceful FUTURE THROUGH EDUCATIONAL AND CULTURAL EXCHANGE.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,194,004$3,608,357▲ $414,353
Cash and Non-Interest-Bearing Accounts$1,079,361$1,227,769▲ $148,408
Land, Buildings, and Equipment, Net$97,692$96,575▼ $1,117
Pledges and Grants Receivable$92,089$89,905▼ $2,184
Prepaid Expenses and Deferred Charges$43,853$61,634▲ $17,781
Accounts Receivable$1,404$7,778▲ $6,374
Total Assets$4,537,967$5,266,943▲ $728,976
Other Assets Total$29,564$174,925▲ $145,361
Liabilities
Accounts Payable and Accrued Expenses$309,844$411,139▲ $101,295
Other Liabilities$4,582$52,131▲ $47,549
Deferred Revenue$11,233$20,612▲ $9,379
Total Liabilities$325,659$483,882▲ $158,223
Net Assets / Fund Balance
Unrestricted Net Assets$4,212,308$4,783,061▲ $570,753
Total Net Assets Fund Balance$4,212,308$4,783,061▲ $570,753
Total Liabilities and Net Assets / Fund Balance$4,537,967$5,266,943▲ $728,976

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$76,409$33,812$110,221
Equipment$12,782$25,692$38,474
Other Land Buildings$7,384$20,907$28,291
Investment Program Related Org$1,493,996--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,194,003-▲ $453,382-$3,608,357
2015$2,790,754-▲ $446,743-$3,194,003
2014$1,487,038$2,500,000▼ $152,846-$2,790,754
2013$0$1,500,000▼ $9,645-$1,487,038
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Vivian FearenPresidentFT$180,964$180,964
victor guzmanTreasurerFT$98,760$98,760
eileen o'neillSecretaryFT$90,080$90,080

Board Members and Trustees

NameTitle
Richard LaneChairman of the Board
David HodgesDirector
Sarah MaceachernDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$396,232
Program Service Revenue
$2,599,431
Investment Income
$255,022
Other Revenue
$10,387
All Other Contributions
$396,232
Change in Net Assets
$372,392

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,261,072
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$198,360
Total Revenue per Audited Statements
$3,459,432
Total Revenue per Form 990
$3,261,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,789,564
Salaries, Compensation, and Employee Benefits$1,099,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$568,863$160,449-$729,312
Current Officers, Directors, Trustees, and Key Employees$288,447$81,357-$369,804
Insurance$148,276$40,877-$189,153
Conferences and Meetings$158,421--$158,421
Advertising$125,443$8,167-$133,610
Occupancy$100,946$28,472-$129,418
Travel$33,372$30,209-$63,581
Fees for Services Accounting-$42,512-$42,512
Information Technology-$41,412-$41,412
Depreciation Depletion-$40,676-$40,676
Fees for Service Investment Mgmnt Fees-$39,028-$39,028
Office Expenses$21,687$16,983-$38,670
Other Expenses$160,733$14,201-$14,201
All Other Expenses-$4,109-$4,109
Fees for Services Legal-$3,066-$3,066
Interest-$609-$609
Total Functional Expenses$2,265,192$623,488$0$2,888,680

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,888,680
Total Expenses per Audited Statements$2,888,680
Total Expenses per Form 990$2,888,680
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Subtenant$48,454
Long-Term Lease Obligation$3,677
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 tax return is reviewed by members of the governing body and certain officers prior to filing the tax return.”

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

“Conflict of interest policy is communicated to all employees and directors. As conflicts of interest develop, they are discussed by the governing body in their periodic meetings.”

Form 990, Part VI, Section B, line 15

“The governing board approves the president and treasurer's salaries and the president approves the secretary's salaries.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents are made available to the public upon request as well as posted on various websites that can be accessed directly by the public.”

FORM 990, PART VIII, LINES 7A AND 7B:

“Gross proceeds and cost basis were not readily available at the time of filing. Thus, the gross proceeds as shown on the return reflects the actual realized gain, not the proceeds, and cost basis is shown as zero.”

Filing and Contact Details

Filer

Filer Name
Aspect Foundation Inc
EIN
94-3040365
Phone
4152288050
Address
250 Columbus Avenue No 200, San Francisco, CA 94133

Signing Officer

Name
victor guzman
Title
Treasurer
Phone
4152288050
Signed
2018-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Guzman
Formed
1985
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
18
Volunteers
125

Preparer

Firm
Marcum LLP
Address
1 Montgomery Street Suite 1700, San Francisco, CA 94104
Preparer
Steven H Boultbee
Phone
4154326200
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“To provide scholarships for U.S. students to study abroad and foreign students to study in the United States.”

Part X, Line 2:

“"Tax-exempt" enterprises generally do not reflect income tax benefits or burdens in their financial statements since they are not typically income tax-paying enterprises. As such, in general, the only material tax position that requires evaluation is the enterprise's continued qualification as a "tax-exempt" enterprise. The Foundation has elected to include interest and penalties related to its tax contingencies in income tax expense. There were no accruals for interest and penalties related to uncertain tax positions for the year ended September 30, 2017. The Foundation files Federal and State annual information returns. The Foundation has determined that its major tax jurisdictions are the United States and California. For state income tax purposes, the Foundation is generally no longer subject to tax examinations for years prior to 2012. For federal income tax purposes, the Foundation is no longer subject to tax examinations for years prior to 2013. Based on our review, analysis, and discussions, management believes the organization qualifies as a "tax-exempt" enterprise and no material tax positions taken, or expected to be taken, should be recognized under as uncertain tax positions as of September 30, 2017.”

Raw XML AppendixShowing 400 of 512 raw XML fields

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/OtherLiabilitiesGrp/EOYAmt052131
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/Desc0Misc Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt010387
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010387
IRS990/OtherRevenueTotalAmt010387
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0160449
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0568863
IRS990/OtherSalariesAndWagesGrp/TotalAmt0729312
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt092089
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt089905
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043853
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061634
IRS990/PrincipalOfficerNm0VICTOR GUZMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02599431
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02599431
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0183636
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0179833
IRS990/PYOtherExpensesAmt01589084
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02481987
IRS990/PYRevenuesLessExpensesAmt088341
IRS990/PYSalariesCompEmpBnftPaidAmt01168031
IRS990/PYTotalExpensesAmt02757115
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02845456
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0372392
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt02995663
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0396232
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0183636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0579868
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt029491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt042160
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt034395
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011390
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0201
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0117637
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02599431
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02481987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03450275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03217046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02969186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014717925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt029491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042160
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt034395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0117637
IRS990ScheduleA/InvestmentIncomeCYPct00.00760
IRS990ScheduleA/InvestmentIncomePYPct00.00570
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010387
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt015922
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt021051
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047360
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95380
IRS990ScheduleA/PublicSupportPY509Pct00.99160
IRS990ScheduleA/PublicSupportTotal509Amt014748280
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0365877
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0183636
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0549513
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0365877
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0183636
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0549513
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02995663
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02665623
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03450275
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03217046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02969186
IRS990ScheduleA/Total509Grp/TotalAmt015297793
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03035541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02723705
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03484670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03228436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02990438
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015462790
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-39028
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03194003
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03608357
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0453382
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-43494
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02790754
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03194003
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0446743
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-26825
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01487038
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02500000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02790754
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-152846
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-3297
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01500000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01487038
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-9645
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt012782
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025692
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038474
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02888680
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02114361
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11493996
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SVCF - Aspect Scholarship Fund
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1SVCF - Aspect Operational Fund
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt076409
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033812
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0110221
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0198360
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07384
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020907
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028291
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03677
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt148454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Long-Term Lease Obligation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposit Subtenant
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt0198360
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03261072
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To provide scholarships for U.S. students to study abroad and foreign students to study in the United States.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1"Tax-exempt" enterprises generally do not reflect income tax benefits or burdens in their financial statements since they are not typically income tax-paying enterprises. As such, in general, the only material tax position that requires evaluation is the enterprise's continued qualification as a "tax-exempt" enterprise. The Foundation has elected to include interest and penalties related to its tax contingencies in income tax expense. There were no accruals for interest and penalties related to uncertain tax positions for the year ended September 30, 2017. The Foundation files Federal and State annual information returns. The Foundation has determined that its major tax jurisdictions are the United States and California. For state income tax purposes, the Foundation is generally no longer subject to tax examinations for years prior to 2012. For federal income tax purposes, the Foundation is no longer subject to tax examinations for years prior to 2013. Based on our review, analysis, and discussions, management believes the organization qualifies as a "tax-exempt" enterprise and no material tax positions taken, or expected to be taken, should be recognized under as uncertain tax positions as of September 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt096575
IRS990ScheduleD/TotalBookValueProgramRltdAmt03608357
IRS990ScheduleD/TotalExpensesPerForm990Amt02888680
IRS990ScheduleD/TotalLiabilityAmt052131
IRS990ScheduleD/TotalRevenuePerForm990Amt03261072
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03459432
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02888680
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0180964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,266,943
Liabilities
$483,882
Net assets
$4,783,061
Revenue
$3,261,072
Expenses
$2,888,680
Net income
$372,392
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.30$0.54$6.76$2.25$2.36$0.11
2024Detailed filing. Detailed filing data is available for this year.$6.72$0.44$6.28$2.71$2.82$0.11
2023Detailed filing. Detailed filing data is available for this year.$5.99$0.49$5.49$2.04$2.91$0.86
2022Detailed filing. Detailed filing data is available for this year.$5.87$0.52$5.36$2.87$2.79$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.03$0.44$6.59$3.52$2.06$1.46
2020Detailed filing. Detailed filing data is available for this year.$5.58$0.59$4.99$1.19$1.90$0.71
2019Detailed filing. Detailed filing data is available for this year.$5.73$0.45$5.27$3.16$3.14$0.02
2018Detailed filing. Detailed filing data is available for this year.$5.58$0.42$5.16$3.18$2.87$0.30
2017Detailed filing. Detailed filing data is available for this year.$5.27$0.48$4.78$3.26$2.89$0.37
2016Detailed filing. Detailed filing data is available for this year.$4.54$0.33$4.21$2.85$2.76$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.88$1.02$3.86$3.48$2.81$0.68
2014Detailed filing. Detailed filing data is available for this year.$4.36$1.04$3.32$3.23$2.33$0.90
2013Summary only. Only limited summary data is available for this year.$3.07$0.64$2.43$2.99$2.44$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.51$1.88$2.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.81$1.23$2.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.67$0.56$2.06