Asse Aspire Inc
Nonprofit profile at a glance
- EIN
- 923678959
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Laguna Beach, CA, USA
- Phone
- 9494973310
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Exchange, N.E.C.
Reported finances
- Revenue
- $2,852,010
- Expenses
- $2,788,790
- Assets
- $2,852,980
- Liabilities
- $780,800
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- WILLIAM GUSTAFSON (PRESIDNT AND): $534,820 total reported compensation
- DIANE MATHUNY (CHIEF FINANC): $506,590 total reported compensation
- FEI JIANG (CHIEF OPERAT): $397,060 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 77
- Accountability: 90
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.9%; rating input score 69
- Program expense ratio: 73%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 1.02; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 26.5%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 71.2% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 54.8% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 70.2% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 68.9% of revenue deployed · 73% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2M in reported program spending
- Leadership: top reported pay $535K · 8 people listed · 3 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.