NonprofitsAspire Institute Inc

International, Foreign Affairs & National Security

Aspire Institute Inc

CAMBRIDGE, MA

Total revenue

$1.5M

Total expenses

$1.8M

Net assets

$1.2M

Grants received

$3.3M

9 grants

EIN

870960615

Tax year

2024

Mission

Aspire's mission is to empower low-income and first-generation college students and recent graduates to act independently, make informed choices, and affect meaningful change. Through the tuition-free, online Aspire Leaders Program, participants develop resilience, cultural awareness, and leadership skills to help them navigate challenges and embrace opportunities in education, careers, and life. By fostering confidence, self-efficacy, and collaboration, Aspire equips future leaders to create lasting impacts in their communities and beyond.

Financials

FY 2024

Revenue

Contributions & grants$1.5M
Program service revenue
Investment income
Other revenue
Total revenue$1.5M

Expenses

Grants paid$61K
Salaries & benefits$1.1M
Fundraising$63K
Other expenses$512K
Total expenses$1.8M
Total assets$1.3M
Net assets$1.2M

People

5 listed

NameRoleCompensation

Meena Sonea Hewett

Clerk and CEO

Board

$175K

43 hrs/wk

Arthur Hunt

Finance Officer

Board

$53K

15 hrs/wk

Tarun Khanna

President

Board

3 hrs/wk

Karim Lakhani

Treasurer

Board

3 hrs/wk

Tom Brown

IT Officer

Staff

$110K

40 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$500K
In support of The Aspire Institute, who's mission is to prepare low-income, first-generation college students worldwide to be leaders in their communities and reach their full potential academically and professionally through a fully funded leadership development program.
2024
$500K
In support of The Aspire Institute, who's mission is to prepare low-income, first-generation college students worldwide to be leaders in their communities and reach their full potential academically and professionally through a fully funded leadership development program.
2023
$11K
For grant recipient's exempt purposes
2023
$10K
CHARITABLE CONTRIBUTION
2023
$100K
For grant recipient's exempt purposes
2021
$100K
For grant recipient's exempt purposes
2021

Funded by

$3.3M from 4 funders · 9 grants · 2021–2024

National Philanthropic Trust

$2.1M · 3 grants · 2021–2023

Claure Family Foundation Inc

$1M · 2 grants · 2023–2024

Fidelity Investments Charitable Gift Fund

$211K · 3 grants · 2021–2023

Details

EIN870960615
NTEE codeQ33
Subsection03
Ruling date2021-12
Formed2021
Employees20
Volunteers40