Aspen Education Foundation
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Aspen, CO
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 84-1181681
Organization Overview
Aspen Education Foundation is located in Aspen, CO. The organization was established in 1991. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen Education Foundation 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 06/2021, Aspen Education Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING OF EDUCATIONAL PROGRAMS AT THE ASPEN SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING OF EDUCATIONAL PROGRAMS AT THE ASPEN SCHOOL DISTRICT.
PROVIDES FAMILIES WITH RELIEF FUNDS DURING COVID OUTBREAK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Chase Executive Director | 40 | $138,000 | |
Raifie Bass Past President | OfficerTrustee | 5 | $0 |
Cari Kuhlman Treasurer | OfficerTrustee | 5 | $0 |
Maxwell Rispoli Secretary | OfficerTrustee | 5 | $0 |
Paul Sohn President | Trustee | 5 | $0 |
Craig Navias Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,513 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,534,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,772,740 |
| Total Program Service Revenue | $0 |
| Investment income | $17,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $125,477 |
| Net Income from Fundraising Events | $164,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,080,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $786,891 |
| Grants and other assistance to domestic individuals. | $488,773 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,400 |
| Compensation of current officers, directors, key employees. | $13,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $9,024 |
| Office expenses | $25,738 |
| Information technology | $2,256 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,457 |
| All other expenses | $25,000 |
| Total functional expenses | $1,577,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,319,600 |
| Pledges and grants receivable | $210,100 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,641,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,171,157 |
| Accounts payable and accrued expenses | $99,933 |
| Grants payable | $508,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $607,933 |
| Net assets without donor restrictions | $969,268 |
| Net assets with donor restrictions | $2,593,956 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,171,157 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aspen Education Foundation has recieved totaling $145,000.
| Awarding Organization | Amount |
|---|---|
Bluespruce Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $145,000 |
Endowment Analysis
| Beg. Balance | $1,345,715 |
| Earnings | $379,322 |
| Net Contributions | $458,296 |
| Other Expense | $78,160 |
| Ending Balance | $2,105,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Childrens Advocacy Center Denver, CO | $5,469,550 | $2,831,456 |
Aspen Education Foundation Aspen, CO | $4,171,157 | $2,080,642 |
Regional Aids Intercommunity Network Of Oklahoma Oklahoma City, OK | $231,177 | $1,310,848 |
Project Return To Work Incorporated Boulder, CO | $455,643 | $206,011 |
Quality Support Solutions Inc Salt Lake City, UT | $35,599 | $304,589 |
Sooners Helping Sooners Inc Norman, OK | $49,783 | $262,483 |
Oklahoma Corrections Professionals Oklahoma City, OK | $16,094 | $0 |
Division On Career Development And Transition Lawrence, KS | $538,074 | $223,983 |
Mesa Hotline School Inc Limon, CO | $365,164 | $0 |
Tempe Chamber Of Commerce Foundation Tempe, AZ | $186,204 | $0 |
Glen Haven Association Glen Haven, CO | $668,880 | $47,564 |
Colorado State Parks Employees Protective Association Rifle, CO | $186,849 | $0 |