Aroostook Aspiration Initiative

Organization Overview

Aroostook Aspiration Initiative is located in Presque Isle, ME. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aroostook Aspiration Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Aroostook Aspiration Initiative generated $128.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $96.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

(A) PROMOTING ACCESS AND AVAILABILITY OF HIGHER EDUCATION OPPORTUNTIES TO MAINE'S HIGH SCHOOL GRADUATES (B) PROVIDING FINANCIAL ASSISTANCE TO ACADEMICALLY DERSING AND/OR FINANCAILLY NEEDY HIGH SCHOOL GRADUATES IN THE FORM OF SCHOLARSHIP GRANTS AND AWARDS (C) RAISING FUNDS AND ACEPTING CONTRIBUTIONS, GRANTS, OR GIFTS FRON ANY PUBLIC OR PROVATE AGENCY, ORGANIZATION, OR INDIVIDUAL FOR THE PURPOSES OF FINANCING ITS ACTIVITIES AND EXPENDING THOSE MONIES FOR THE PURPOSES OF THE CORPORATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE WILL AWARD A 1,000 SCHOLARSHIP FOR A SENIOR IN EACH OF THE 16 HIGH SCHOOLS IN AROOSTOOK COUNTY. OUR PRIORITY POPULATION IS THE FIRST GENERATION AND/OR ECONOMICALLY DISADVANTAGED AROOSTOOK COUNTY YOUTH WHO SELECTS ONE OF THE 3 COLLEGES LOCATED IN AROOSTOOK COUNTY OR THE 1 COLLEGE IN KENNEBEC COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Raynold Gauvin
Treasurer
$0
Sandra Gauvin
President
$0
Christopher Rogeski
Secretary
$0
Scott Smith
Vice Preside
$0
Jennifer Deschene
Director
$0
Haley Kelley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$101,862
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$101,862
Total Program Service Revenue$0
Investment income $20,607
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $128,543

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Aroostook Aspiration Initiative has recieved totaling $5,005.

Awarding OrganizationAmount
Fisher Charitable Foundation

Portland, ME

PURPOSE: GENERAL OPERATING SUPPORT

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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