Aspect Foundation Inc
- Assets
- $5.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 12
- Location
- San Francisco, CA
- Founding
- 01/1988
- Data as of
- 09/2022
- EIN
- 94-3040365
Organization Overview
Aspect Foundation Inc is located in San Francisco, CA. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Aspect Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspect Foundation Inc 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 09/2022, Aspect Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. While expenses have increased by 0.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD INTERNATIONAL GOODWILL, CROSS-CULTURAL UNDERSTANDING AND A PEACEFUL FUTURE THROUGH EDUCATIONAL AND CULTURAL EXCHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES AS AN EXCHANGE VISITOR SPONSOR BY PLACING FOREIGN EXCHANGE STUDENTS WITH U.S. FAMILIES AND SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian Fearen CEO | OfficerTrustee | 40 | $161,952 |
Victor Guzman CFO | $104,201 | ||
Eileen O'neill Secretary | OfficerTrustee | 40 | $83,371 |
David Hodges Director | Trustee | $0 | |
Richard Lane Chairman Of | Trustee | $0 | |
Sarah Maceachern Director | Trustee | $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 | $722,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $722,560 |
| Total Program Service Revenue | $2,144,030 |
| Investment income | $6,002 |
| 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 | $2,872,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $839,968 |
| Pension plan accruals and contributions | $123,567 |
| Other employee benefits | $136,065 |
| Payroll taxes | $65,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,170 |
| Fees for services: Other | $0 |
| Advertising and promotion | $86,896 |
| Office expenses | $102,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,825 |
| Travel | $38,640 |
| 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 | $5,311 |
| Insurance | $92,868 |
| All other expenses | $12,710 |
| Total functional expenses | $2,792,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,381,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,837 |
| 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 | $45,956 |
| Net Land, buildings, and equipment | $14,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,329,152 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,874,359 |
| Accounts payable and accrued expenses | $384,264 |
| Grants payable | $0 |
| Deferred revenue | $131,627 |
| 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 | $515,891 |
| Net assets without donor restrictions | $5,358,468 |
| Net assets with donor restrictions | $0 |
| 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 | $5,874,359 |