Aspire Public Schools
- Assets
- $245.3m
- Revenue
- $254.8m
- Investments
- $0.0
- Employees
- 2,525
- Location
- Oakland, CA
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 94-3311088
Organization Overview
Aspire Public Schools is located in Oakland, CA. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Aspire Public Schools employed 2,525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspire Public Schools 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 06/2022, Aspire Public Schools generated $254.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $250.4m during the year ending 06/2022. While expenses have increased by 5.0% 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 OPEN AND OPERATE SMALL, HIGH-QUALITY CHARTER SCHOOLS IN LOW-INCOMENEIGHBORHOODS; TO INCREASE ACADEMIC PERFORMANCE OF UNDERSERVEDSTUDENTS; TO DEVELOP EFFECTIVE EDUCATORS; TO SHARE SUCCESSFUL PRACTICESWITH OTHER FORWARD THINKING EDUCATORS; TO CATALYZE CHANGE IN PUBLICSCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASPIRE PUBLIC SCHOOLS BUILDS AND OPERATES HIGH QUALITY PUBLIC CHARTER SCHOOLS TO PREPARE STUDENTS FOR COLLEGE. ASPIRE PUBLIC SCHOOLS OPERATES 36 SCHOOLS SERVING OVER 15,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Hunkapiller Chairman | Trustee | 2 | $0 |
Kay Hong Director | Trustee | 2 | $0 |
Anthony Barkett Director | Trustee | 2 | $0 |
Carol Ornelas Director | Trustee | 2 | $0 |
Leslie Hume Director | Trustee | 2 | $0 |
Ay'anna Moody Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobile Modular Management Construction | 6/29/22 | $2,800,485 |
Amazon (Ach)campus Llc Online Retail | 6/29/22 | $2,642,430 |
Ascent Builders Inc(ach) Construction | 6/29/22 | $2,174,437 |
Beals Martin And Associates Inc Construction | 6/29/22 | $2,323,628 |
Cdw Government Inc Technology | 6/29/22 | $2,718,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,239,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,686,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,926,830 |
| Total Program Service Revenue | $9,628 |
| Investment income | $67,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $800,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,804,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,560 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,633,368 |
| Compensation of current officers, directors, key employees. | $560,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,322,913 |
| Pension plan accruals and contributions | $20,920,395 |
| Other employee benefits | $1,080,434 |
| Payroll taxes | $20,272,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $761,915 |
| Fees for services: Accounting | $130,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,865,428 |
| Advertising and promotion | $0 |
| Office expenses | $7,307,578 |
| Information technology | $5,760,012 |
| Royalties | $0 |
| Occupancy | $26,649,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $932,039 |
| Interest | $490,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,864,456 |
| Insurance | $1,197,622 |
| All other expenses | $0 |
| Total functional expenses | $250,355,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,361,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $67,454,223 |
| 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 | $1,271,463 |
| Net Land, buildings, and equipment | $86,805,545 |
| Investments—publicly traded securities | $50,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,336,662 |
| Total assets | $245,280,490 |
| Accounts payable and accrued expenses | $26,329,252 |
| Grants payable | $0 |
| Deferred revenue | $7,599,696 |
| 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 | $24,223,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,282,160 |
| Total liabilities | $146,434,232 |
| Net assets without donor restrictions | $79,910,083 |
| Net assets with donor restrictions | $18,936,175 |
| 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 | $245,280,490 |