2020-06-30T09:55:11-05:00 2019-06-30 043027605 SAMET & COMPANY PC 1330 BOYLSTON STREET CHESTNUT HILL MA 024672111 990 2018-07-01 461314848 UASPIRE INC UASP 6177787195 31 MILK STREET NO 900 BOSTON MA 02109 ROBERT GIANNINO CHIEF EXECUTIVE OFFICER 6177787195 2020-06-23 1 PAUL FORD CPA P01332603 6177311222 173.166.42.113 2020-06-23 11:13:45 ED P A79822C5CD29B156F8AAD256F1E859682CB4087F DFB87BE6B491637FE8B802370EE75FD2DE326764 2018 2021-01-29 14:40:06Z ROBERT GIANNINO 31 MILK STREET NO 900 BOSTON MA 02109 9393893 0 X WWW.UASPIRE.ORG X 2012 MA 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. 16 16 90 16 0 0 5619819 8294439 1453160 891515 50207 52160 -7339 -34470 7115847 9203644 184987 229100 0 0 6697514 6796967 0 0 2002124 1590068 1407024 8472569 8433091 -1356722 770553 2207791 3388104 962531 1380280 1245260 2007824 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 3662131 636318 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, LAWRENCE, AND FALL RIVER MASSACHUSETTS AND SAN FRANCISCO AND OAKLAND, CALIFORNIA AND NEW YORK CITY. 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. 896398 15609 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. 584395 132885 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. 517808 229100 106703 OTHER PROGRAM SERVICES CONSIST OF SCHOLARSHIP ADMINISTRATION INCLUSIVE OF DIRECT DISTRIBUTIONS TO STUDENTS AS WELL AS PROGRAM QUALITY AND EVALUATION. 517808 229100 106703 5660732 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 90 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 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 ROBERT GIANNINO CHIEF EXECUTIVE OFFICER 50.00 X X 193067 0 14842 MARY JO MEISNER SECRETARY 1.00 X X 0 0 0 EJ LANDRY TREASURER 1.00 X 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 DIRECTOR 1.00 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 DIRECTOR 1.00 X 0 0 0 LUIS ECHEVERRI DIRECTOR 1.00 X 0 0 0 AMIT PATEL DIRECTOR 1.00 X 0 0 0 PATTI BELLINGER DIRECTOR 1.00 X 0 0 0 ALI EL ABBOUD DIRECTOR 1.00 X 0 0 0 NADINE DUPLESSY KEARNS DIRECTOR 1.00 X 0 0 0 DAVID DORE CHIEF FINANCE & OPERATIONS 40.00 X 157362 0 21784 GABRIELLE KING-MORSE EXECUTIVE DIRECTOR, MASSAC 45.00 X 163872 0 22110 LAURA KEANE VICE PRESIDENT OF INNOVATI 50.00 X 173795 0 8690 ERIN WEINBERG CHIEF STRATEGY OFFICER 50.00 X 173887 0 22610 WALTER DEGUGLIELMO CHIEF EXTERNAL AFFAIRS OFF 45.00 X 155744 0 7787 JACLYN PINERO CHIEF REGIONAL OFFICER 45.00 X 140660 0 22706 JERMAINE MYRIE CHIEF EXTERNAL AFFAIRS OFF 45.00 X 121410 0 6071 HOLLY MORROW SENIOR VP OF KNOWLEDGE 40.00 X 120654 0 18738 MELISSA LANGNESS DIRECTOR, DEVELOPMENT & STRATEGIC GROWTH 40.00 X 119110 0 21628 CLAIRE COSENZE CHIEF PROGRAM OFFICER 40.00 X 111662 0 18701 1631223 0 185667 13 0 1 0 0 439698 7854741 26741 8294439 COLLEGE AFFORDABILITY 611710 636318 636318 TRAINING & TECHNICAL A 611710 132885 132885 POLICY & SYSTEMS CHANG 611710 15609 15609 106703 106703 891515 52160 52160 155779 439698 190249 -34470 -34470 9203644 891515 0 17690 229100 229100 349242 230849 30733 87660 5224142 3454479 459875 1309788 222578 144906 20186 57486 578826 376824 52487 149515 422179 279161 37163 105855 24500 15393 5268 3839 93735 58894 20153 14688 8460 8060 400 33928 19803 11439 2686 100154 66226 8816 25112 523033 385292 46041 91700 191539 138877 3591 49071 35996 35996 36157 24807 11350 SOFTWARE 196502 129935 17297 49270 TELEPHONE AND INTERNET 58444 22687 5145 30612 OTHER EVENT EXPENSE 48437 37294 0 11143 RECRUITING AND STAFF DE 34227 28418 3013 2796 21912 9727 1682 10503 8433091 5660732 770235 2002124 199660 626911 411172 173866 481915 1303544 137196 480818 126381 73539 91500 42250 71951 49250 773786 667001 5730 13175 2207791 3388104 341799 310315 21280 1500 66388 619232 982297 962531 1380280 X 1752 74299 685599 1375616 557909 557909 1245260 2007824 2207791 3388104 X 770553 -2671 112831 -5318 -112831 X X 0 1 X 1 0 X 4041802 5409806 5787159 5616143 7892435 28747345 1042507 2002838 2259442 1453160 891515 7649462 5084309 7412644 8046601 7069303 8783950 36396807 260479 110011 233796 100479 190411 895176 1075116 1632830 1712897 843668 229763 5494274 1335595 1742841 1946693 944147 420174 6389450 30007357 34158 39504 34688 50207 52160 210717 34158 39504 34688 50207 52160 210717 5118467 7452148 8081289 7119510 8836110 36607524 0.81970 0.00580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12312 12312 8420779 8433091 571655 142914 0 0 571655 571655 857483 12312 12312 142914 142914 214371 1 1500 316498 251610 66388 1 X 605033 41395 88519 557909 601556 47124 43647 605033 562294 43647 4385 601556 607931 4385 50022 562294 557909 50022 607931 0.00000 1.00000 0.00000 0 0 28029 13717 14312 63471 28533 34938 49250 DEFERRED RENT 157097 LINE OF CREDIT 825200 982297 X 9498733 -2671 112831 110160 9388573 5320 -190249 -184929 9203644 8736171 112831 190249 303080 8433091 0 8433091 PART IV, LINE 2B: THE ORGANIZATION RECEIVED A GRANT ON BEHALF OF ANOTHER NON-PROFIT. THE ENDING BALANCE REPRESENTS FUNDS NOT YET DISTRIBUTED TO THE NON-PROFIT. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES SPECIAL EVENT PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES SPECIAL EVENT FIRST ONE - MA 330837 214788 116049 91955 23917 FIRST ONE - NYC 140603 100873 39730 37875 1900 2 124037 124037 20301 14301 595477 439698 155779 150131 40118 190249 -34470 1 FINANCIAL ASSISTANCE FOR HIGHER EDUCATION 105 229100 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 ROBERT GIANNINO CHIEF EXECUTIVE OFFICER 193067 0 0 0 0 0 9653 0 5189 0 207909 0 0 0 DAVID DORE CHIEF FINANCE & OPERATIONS 157362 0 0 0 0 0 7868 0 13916 0 179146 0 0 0 GABRIELLE KING-MORSE EXECUTIVE DIRECTOR, MASSAC 163872 0 0 0 0 0 8194 0 13916 0 185982 0 0 0 LAURA KEANE VICE PRESIDENT OF INNOVATI 173795 0 0 0 0 0 8690 0 0 0 182485 0 0 0 ERIN WEINBERG CHIEF STRATEGY OFFICER 173887 0 0 0 0 0 8694 0 13916 0 196497 0 0 0 WALTER DEGUGLIELMO CHIEF EXTERNAL AFFAIRS OFF 155744 0 0 0 0 0 7787 0 0 0 163531 0 0 0 JACLYN PINERO CHIEF REGIONAL OFFICER 140660 0 0 0 0 0 7033 0 15673 0 163366 0 0 0 JERMAINE MYRIE CHIEF EXTERNAL AFFAIRS OFF 121410 0 0 0 0 0 6071 0 0 0 127481 0 0 0 HOLLY MORROW SENIOR VP OF KNOWLEDGE 120654 0 0 0 0 0 6033 0 12705 0 139392 0 0 0 MELISSA LANGNESS DIRECTOR, DEVELOPMENT & STRATEGIC GR 119110 0 0 0 0 0 5955 0 15673 0 140738 0 0 0 CLAIRE COSENZE CHIEF PROGRAM OFFICER 111662 0 0 0 0 0 5583 0 13118 0 130363 0 0 0 X 5 26741 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) -112,831. FORM 990, PART XII, LINE 2C: THERE HAS NOT BEEN A CHANGE IN THIS PROCESS FROM THE PRIOR TAX YEAR.