2022-05-12T11:10:34-05:00 2021-06-30 043027605 SAMET & COMPANY PC 1330 BOYLSTON STREET CHESTNUT HILL MA 024672111 990 2020-07-01 461314848 UASPIRE INC UASP 6177787195 31 MILK STREET NO 900 BOSTON MA 02109 JACLYN PINERO CHIEF EXECUTIVE OFFICER 6177787195 2022-05-04 1 JACLYN PINERO 999009999 PAUL FORD CPA P01332603 6177311222 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JACLYN PINERO 31 MILK STREET NO 900 BOSTON MA 02109 8929537 0 X WWW.UASPIRE.ORG X 2012 MA UASPIRE WORKS TO REMOVE FINANCIAL BARRIERS TO A POSTSECONDARY DEGREE. 31 31 78 16 0 0 10950535 8097048 486660 775986 40774 56503 0 0 11477969 8929537 303450 505276 0 0 6321718 6039286 0 0 1773342 1632611 1315823 8257779 7860385 3220190 1069152 7088035 8161176 1877027 1717942 5211008 6443234 X UASPIRE WORKS TO ENSURE THAT ALL YOUNG PEOPLE HAVE THE FINANCIAL INFORMATION AND RESOURCES NECESSARY TO FIND AN AFFORDABLE PATH TO - AND THROUGH - A POSTSECONDARY EDUCATION. 0 0 3155987 287262 WORKING IN COORDINATION WITH GUIDANCE COUNSELORS, UASPIRE PROVIDES IN-SCHOOL COLLEGE FINANCIAL AID ADVISING TO THOUSANDS OF HIGH SCHOOL SENIORS IN BOSTON, CAMBRIDGE, SOMERVILLE, MALDEN, AND FALL RIVER MASSACHUSETTS AND SAN FRANCISCO AND OAKLAND, CALIFORNIA AND NEW YORK, NEW YORK . STUDENTS ALSO RECEIVE ONGOING COUNSELING THROUGH THEIR TRANSITION TO AND THROUGHOUT THE FIRST TWO YEARS OF THEIR POST-SECONDARY EDUCATION TO HELP SUPPORT MATRICULATION AND PERSISTENCE. 825626 304218 UASPIRE PARTNERS WITH SCHOOL DISTRICTS, CHARTER MANAGEMENT ORGANIZATIONS, AND YOUTH SERVING ORGANIZATIONS ACROSS THE COUNTRY TO PROVIDE THEM WITH THE KNOWLEDGE AND TOOLS NECESSARY TO ENSURE THE STUDENTS THEY SERVE ARE ABLE TO FIND AN AFFORDABLE PATH TO AND THROUGH A POST SECONDARY DEGREE PROGRAM. 619901 143406 BY LEVERAGING FINANCIAL AID EXPERTISE, UASPIRE WORKS TO TRANSFORM FINANCIAL AID AND HIGHER EDUCATION SYSTEMS SO THAT THEY HELP RATHER THAN HINDER THE ATTAINMENT OF AN AFFORDABLE COLLEGE DEGREEE. 485276 505276 41100 OTHER PROGRAM SERVICES CONSIST OF SCHOLARSHIP ADMINISTRATION INCLUSIVE OF DIRECT DISTRIBUTIONS TO STUDENTS AS WELL AS PROGRAM QUALITY AND EVALUATION. 485276 505276 41100 5086790 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 78 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA CA PA NY X DAVID DORE 6177787195 31 MILK STREET 900 BOSTON MA 02109 MARY JO MEISNER DIRECTOR 1.00 X 0 0 0 EJ LANDRY DIRECTOR 1.00 X 0 0 0 BILL MCCLEMENTS BOARD CHAIR 1.00 X 0 0 0 HO NAM DIRECTOR 1.00 X 0 0 0 SCOTT ALDSWORTH DIRECTOR 1.00 X 0 0 0 CYNTHIA RIVERA WEISSBLUM SECRETARY 1.00 X X 0 0 0 PETER NOVEMBER DIRECTOR 1.00 X 0 0 0 BOB SHIREMAN DIRECTOR 1.00 X 0 0 0 JOEL STEINHAUS DIRECTOR 1.00 X 0 0 0 MICHAEL BOYLE TREASURER 1.00 X X 0 0 0 LUIS ECHEVERRI DIRECTOR 1.00 X 0 0 0 AMIT PATEL DIRECTOR 1.00 X 0 0 0 NADINE DUPLESSY KEARNS DIRECTOR 1.00 X 0 0 0 MARK ALPER DIRECTOR 1.00 X 0 0 0 SYDNEY ATKINS DIRECTOR 1.00 X 0 0 0 MAY BUMAR DIRECTOR 1.00 X 0 0 0 JONATHAN COX DIRECTOR 1.00 X 0 0 0 VALDUVINO GONCALVES DIRECTOR 1.00 X 0 0 0 DAVID HADDEN DIRECTOR 1.00 X 0 0 0 SIMONE HILL DIRECTOR 1.00 X 0 0 0 JOHN HUDSON DIRECTOR 1.00 X 0 0 0 JOIE JAGER HYMAN DIRECTOR 1.00 X 0 0 0 KERRY ANN JAMES DIRECTOR 1.00 X 0 0 0 JOHN LEHNER DIRECTOR 1.00 X 0 0 0 BILL MANDELL DIRECTOR 1.00 X 0 0 0 BOB O'SULLIVAN DIRECTOR 1.00 X 0 0 0 SHARAM PAVRI DIRECTOR 1.00 X 0 0 0 KATHRYN SCHOX DIRECTOR 1.00 X 0 0 0 CHARLES SHIRLEY DIRECTOR 1.00 X 0 0 0 JENN STREDLER DIRECTOR 1.00 X 0 0 0 LAURIE THOMSEN DIRECTOR 1.00 X 0 0 0 JACLYN PINERO CO-CHIEF EXECUTIVE OFFICER 50.00 X 183809 0 26066 DAVID DORE CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 156483 0 24700 LAURA KEANE CHIEF POLICY OFFICER 50.00 X 179006 0 8950 CLAIRE COSENZE CO-CHIEF EXECUTIVE OFFICER 50.00 X 163299 0 23150 JERMAINE MYRIE CHIEF EXTERNAL AFFAIRS OFF 45.00 X 160690 0 8034 HEATHER JENKINS CHIEF PEOPLE & EQUITY OFFICER 40.00 X 157387 0 22038 AYEESHA LANE VICE PRESIDENT OF EQUITY & CULTURE 40.00 X 110340 0 20502 HOLLY MORROW SENIOR VP OF KNOWLEDGE 40.00 X 124489 0 21209 SAGE RUTH SENIOR VICE PRESIDENT OF F 40.00 X 112525 0 20611 LEAH MCLEAN SENIOR DIRECTOR, DEVELOPME 40.00 X 108225 0 11001 ALICIA LEDEZMA DIRECTOR 40.00 X 113321 0 11967 1569574 0 198228 12 0 1 0 POSITIVELY PARTNERS 6218 GEORGIA AVE NW 5072 WASHINGTON DC 20011 HUMAN RESOURCES SERVICES 128370 1 1142357 6954691 15689 8097048 TRAINING & TECHNICAL A 611710 304218 304218 COLLEGE AFFORDABILITY 611710 287262 287262 POLICY & SYSTEMS CHANG 611710 143406 143406 41100 41100 775986 56503 56503 8929537 775986 0 56503 505276 505276 1161363 659655 180011 321697 3818671 2170401 591750 1056520 210558 210558 487374 487374 361320 205331 55994 99995 23301 16350 2540 4411 369797 259472 40313 70012 16188 16188 20841 11843 3230 5768 93431 60003 11999 21429 427069 240968 66803 119298 2854 2854 16282 16282 18911 18911 SOFTWARE 192666 155047 13504 24115 TELEPHONE AND INTERNET 58706 33361 9098 16247 RECRUITING AND STAFF DE 38808 22054 6014 10740 OTHER EVENT EXPENSE 15745 4244 11501 21224 6900 2715 11609 7860385 5086790 1000253 1773342 4846751 1799086 69734 46583 1089412 769011 157562 321508 41384 117881 91500 77228 30554 14272 823243 5081460 29395 11375 7088035 8161176 388976 427022 8000 177397 41981 1310654 1240939 1877027 1717942 X 1478177 3585941 3732831 2857293 5211008 6443234 7088035 8161176 X 1069152 166623 74649 -3549 -74649 X X 0 1 X 1 0 X 5787159 5616143 7892435 10950535 6954691 37200963 2259442 1453160 891515 486660 775986 5866763 8046601 7069303 8783950 11437195 7730677 43067726 233796 100479 190411 248017 181199 953902 1712897 843668 229763 2786328 1946693 944147 420174 248017 181199 3740230 39327496 34688 50207 52160 40774 56503 234332 34688 50207 52160 40774 56503 234332 8081289 7119510 8836110 11477969 7787180 43302058 0.90820 0.87150 0.00540 0.00510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12011 12011 7848374 7860385 543019 135755 0 0 571655 562889 543019 1677563 2516345 12312 9669 12011 33992 142914 140722 135755 419391 629087 1 177397 92950 228366 41981 1 X 557909 24498 24498 557909 557909 19648 19648 557909 605033 41395 88519 557909 601556 47124 43647 605033 562294 43647 4385 601556 0.00000 1.00000 0.00000 0 0 28029 22290 5739 63471 54938 8533 14272 DEFERRED RENT 113591 PAYCHECK PROTECTION PROGRAM LOAN 1109915 OTHER LIABILITIES 17433 1240939 X 9167260 166623 74649 241272 8925988 3549 3549 8929537 7935034 74649 74649 7860385 0 7860385 PART IV, LINE 2B: THE ORGANIZATION RECEIVED GRANTS ON BEHALF OF VARIOUS ORGANIZATIONS. THE ENDING BALANCE REPRESENTS FUNDS NOT YET DISTRIBUTED. PART V, LINE 4: THE PERMANENT ENDOWMENT CONSISTS OF INVESTMENT ACCOUNTS. THE BOARD OF DIRECTORS INTEND TO PRESERVE THE FAIR VALUE OF THE ORIGINAL GIFT AS EXPLICITLY STIPULATED BY THE DONOR. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") HAS ISSUED A STANDARD THAT CLARIFIES THE ACCOUNTING AND RECOGNITION OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT INCOME TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS. IF THE ORGANIZATION INCURS INTEREST OR PENALTIES AS A RESULT OF UNRECOGNIZED TAX POSITIONS THE POLICY IS TO CLASSIFY INTEREST ACCRUED WITH INTEREST EXPENSE AND PENALTIES THEREON WITH OPERATING EXPENSES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE PAST THREE YEARS. 1 FINANCIAL ASSISTANCE FOR HIGHER EDUCATION 187 370325 BOOK VALUE DIRECT STUDENT AID FUNDING 1015 134951 BOOK VALUE PART I, LINE 2: THE ORGANIZATION WORKS WITH FINANCIAL AID OFFICES AT HIGHER EDUCATION INSTITUTIONS TO PROVIDE SCHOLARSHIP FUNDS FOR STUDENTS. SCHOLARSHIPS ARE PROVIDED DIRECTLY TO HIGHER EDUCATION INSTITUTIONS TO ENSURE FUNDS ARE CREDITED DIRECTLY TO ENROLLED STUDENTS' OUTSTANDING TUITION BILLS. X 0 0 0 0 0 0 0 0 0 JACLYN PINERO CO-CHIEF EXECUTIVE OFFICER 183809 0 0 0 0 0 9190 0 16876 0 209875 0 0 0 LAURA KEANE CHIEF POLICY OFFICER 179006 0 0 0 0 0 8950 0 0 0 187956 0 0 0 CLAIRE COSENZE CO-CHIEF EXECUTIVE OFFICER 163299 0 0 0 0 0 8165 0 14985 0 186449 0 0 0 DAVID DORE CHIEF FINANCIAL & OPERATING OFFICER 156483 0 0 0 0 0 7824 0 16876 0 181183 0 0 0 HEATHER JENKINS CHIEF PEOPLE & EQUITY OFFICER 157387 0 0 0 0 0 7869 0 14169 0 179425 0 0 0 JERMAINE MYRIE CHIEF EXTERNAL AFFAIRS OFF 160690 0 0 0 0 0 8034 0 0 0 168724 0 0 0 X 2 15689 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL AND OPERATING OFFICER AND CHIEF EXECUTIVE OFFICER PRIOR TO FILING. IN ADDITION, IT IS REVIEWED BY AT LEAST ONE MEMBER OF THE BOARD OF DIRECTORS, WHO IS ALSO A MEMBER OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE EXISTENCE OF ANY ISSUES THAT COULD GIVE RISE TO CONFLICTS IS REVIEWED PERIODICALLY BY THE CHIEF FINANCIAL AND OPERATING OFFICER AND THE CHIEF EXECUTIVE OFFICER TO ASCERTAIN WHETHER ANY DIRECTOR, BOARD MEMBER OR EMPLOYEE MIGHT CONCEIVABLY HAVE AN INTEREST WHICH COULD GIVE RISE TO A CONFLICT. ALL MEMBERS OF THE ORGANIZATION ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCUSS WITH THE CHIEF EXECUTIVE OFFICER OR DIRECTLY WITH THE BOARD, SHOULD THEY FEEL THERE ARE ANY CONFLICTS AS DEFINED BY THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION ENGAGED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTING FIRM TO PERFORM A STUDY OF EXECUTIVE COMPENSATION BASED ON COMPARABLE ORGANIZATIONS AND SIMILAR SIZED COMPANIES, WITH AN EMPHASIS ON THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER'S SALARY WAS WITHIN THE RANGE SUGGESTED BY THE CONSULTING FIRM AND WAS APPROVED BY THE PERSONNEL COMMITTEE OF THE ORGANIZATION, WHICH REPORTED ITS CONCLUSION AND PROCESS TO THE ENTIRE BOARD OF DIRECTORS. THERE HAVE BEEN SUBSEQUENT ANNUAL ADJUSTMENTS TO THE CHIEF EXECUTIVE OFFICER'S COMPENSATION THAT HAVE BEEN ESTABLISHED BY THE BOARD OF DIRECTORS. THE CHIEF EXECUTIVE OFFICER DOES NOT PARTICIPATE IN THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, AND ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS OF THE ORGANIZATION ARE ATTACHED TO THE FORM PC FILED WITH THE MASSACHUSETTS DIVISION OF PUBLIC CHARITIES AND ARE AVAILABLE FOR PUBLIC INSPECTION ON THE ATTORNEY GENERAL'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT POSTED TO SUCH WEBSITE, BUT ARE AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DONATED SERVICES AND USE OF FACILITIES (EXPENSE) -74,649. FORM 990, PART XII, LINE 2C: THERE HAS NOT BEEN A CHANGE IN THIS PROCESS FROM THE PRIOR TAX YEAR.