Aspire Education

What it reported doing in 2024

Aspire education is the bay area's leader in effective supplemental education programming. For nearly 20 years, we have delivered real results to over 15,000 students by connecting them to a small community of educators and mentors stocked with content expertise and emotional intelligence. We are driven by the conviction that although potential is equally distributed across lines of race and class, opportunity is not. Aspire is dedicated to interrupting patterns of inequity in our community, with the shared vision that all young people should have the opportunity for equally high outcomes without regard to where they start in life.aspire has three main service offerings:-collaborative education programming and support. Aspire has partnered with dozens of bay area organizations to design custom programs that empower students to reach greater results in college entrance exams or increase confidence and achievement levels in subjects in which they've struggled. While many of our programs typically deal with the sat, act, or high school entrance exams, our specialists provide academic support in all subjects.-one-on-one tutoring. Through a team of tutors stocked with content expertise and emotional intelligence, aspire provides high-quality academic assistance with individual students and families on a sliding scale fee basis. Aspire's approach to tutoring as educational mentorship not only leads to greater confidence and improved grades, but also empowers our students to be better prepared for the next phase of their educational careers.-community reading buddies. Community reading buddies mobilizes bay area young adults to mentor younger students in literacy and ignite them with a passion for reading. In turn, the young adults are trained in social-emotional skills that prepare them to become successful, independent community members.

Financial Efficiency

• Mission deployment rate: 60.1%; rating input score 60
• Program expense ratio: 70.1%; rating input score 70
• Fundraising efficiency: $14.59 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 15.5%; rating input score 70; 70th percentile among comparable filings
• Total-asset coverage ratio: 0.9; rating input score 40; 40th percentile among comparable filings
• Liabilities to assets ratio: 0.87; rating input score 8; 8th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings
• Revenue growth: 2% per year; rating input score 100; 25th percentile among comparable filings
• Asset growth: 19.1% per year; rating input score 100; 80th percentile among comparable filings