ASPIRE EDUCATION PROJECT

EIN: 205274459 501(c)(3) Education

OAKLAND, CA

Total Revenue
$876,786
Total Expenses
$741,307
Total Assets
$670,365
Net Assets
$89,076
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
MONICA CHELLAM
Phone
5106587500
Tax Period
2024-07-01 to 2025-06-30

ASPIRE EDUCATION PROJECT, founded in 2006, is a small nonprofit in the Education sector that reported $877K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 15% operating margin.

Mission

ENSURE EVERY STUDENT IN THE BAY AREA HAS ACCESS TO A TRANSFORMATIVE EDUCATIONAL MENTOR.

Program Service Accomplishments

Program 1
Expenses: $519,587 Revenue: $550,514

ASPIRE EDUCATION IS THE BAY AREA'S LEADER IN EFFECTIVE SUPPLEMENTAL EDUCATION PROGRAMMING. FOR NEARLY 20 YEARS, WE HAVE DELIVERED REAL RESULTS TO OVER 15,000 STUDENTS BY CONNECTING THEM TO A SMALL...

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ASPIRE EDUCATION IS THE BAY AREA'S LEADER IN EFFECTIVE SUPPLEMENTAL EDUCATION PROGRAMMING. FOR NEARLY 20 YEARS, WE HAVE DELIVERED REAL RESULTS TO OVER 15,000 STUDENTS BY CONNECTING THEM TO A SMALL COMMUNITY OF EDUCATORS AND MENTORS STOCKED WITH CONTENT EXPERTISE AND EMOTIONAL INTELLIGENCE. WE ARE DRIVEN BY THE CONVICTION THAT ALTHOUGH POTENTIAL IS EQUALLY DISTRIBUTED ACROSS LINES OF RACE AND CLASS, OPPORTUNITY IS NOT. ASPIRE IS DEDICATED TO INTERRUPTING PATTERNS OF INEQUITY IN OUR COMMUNITY, WITH THE SHARED VISION THAT ALL YOUNG PEOPLE SHOULD HAVE THE OPPORTUNITY FOR EQUALLY HIGH OUTCOMES WITHOUT REGARD TO WHERE THEY START IN LIFE.ASPIRE HAS THREE MAIN SERVICE OFFERINGS:-COLLABORATIVE EDUCATION PROGRAMMING AND SUPPORT. ASPIRE HAS PARTNERED WITH DOZENS OF BAY AREA ORGANIZATIONS TO DESIGN CUSTOM PROGRAMS THAT EMPOWER STUDENTS TO REACH GREATER RESULTS IN COLLEGE ENTRANCE EXAMS OR INCREASE CONFIDENCE AND ACHIEVEMENT LEVELS IN SUBJECTS IN WHICH THEY'VE STRUGGLED. WHILE MANY OF OUR PROGRAMS TYPICALLY DEAL WITH THE SAT, ACT, OR HIGH SCHOOL ENTRANCE EXAMS, OUR SPECIALISTS PROVIDE ACADEMIC SUPPORT IN ALL SUBJECTS.-ONE-ON-ONE TUTORING. THROUGH A TEAM OF TUTORS STOCKED WITH CONTENT EXPERTISE AND EMOTIONAL INTELLIGENCE, ASPIRE PROVIDES HIGH-QUALITY ACADEMIC ASSISTANCE WITH INDIVIDUAL STUDENTS AND FAMILIES ON A SLIDING SCALE FEE BASIS. ASPIRE'S APPROACH TO TUTORING AS EDUCATIONAL MENTORSHIP NOT ONLY LEADS TO GREATER CONFIDENCE AND IMPROVED GRADES, BUT ALSO EMPOWERS OUR STUDENTS TO BE BETTER PREPARED FOR THE NEXT PHASE OF THEIR EDUCATIONAL CAREERS.-COMMUNITY READING BUDDIES. COMMUNITY READING BUDDIES MOBILIZES BAY AREA YOUNG ADULTS TO MENTOR YOUNGER STUDENTS IN LITERACY AND IGNITE THEM WITH A PASSION FOR READING. IN TURN, THE YOUNG ADULTS ARE TRAINED IN SOCIAL-EMOTIONAL SKILLS THAT PREPARE THEM TO BECOME SUCCESSFUL, INDEPENDENT COMMUNITY MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $307,153
Program Service Revenue $424,800
Investment Income $19,119
Other Revenue $125,714
TOTAL REVENUE $876,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $560,857
Fundraising Expenses $21,058
Program Expenses $519,587
Other Expenses $180,450
TOTAL EXPENSES $741,307

Year-over-Year Comparison

2024 2023 Change
Revenue $876,786 $534,455 +0.6%
Expenses $741,307 $553,292 +0.3%
Net Income $135,479 $-18,837 -8.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
58
Volunteers
407

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK WOODRUFF BOARD CHAIR 2.00
Officer Director
$0 $0 $0
ALBERT LIU BOARD MEMBER 1.00
Director
$0 $0 $0
GWYNETH HUTCHINSON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MONICA CHELLAM BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE MCCLUER BOARD MEMBER 1.00
Director
$0 $0 $0
FATEMEH KHATIBLOO BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA MARCONE BOARD MEMBER 1.00
Director
$0 $0 $0
BLERINA SANOCKI BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $876,786 $741,307 $670,365 $135,479
2024 $534,455 $553,292 $557,524 $-18,837
2023 $398,667 $564,993 $554,792 $-166,326
2022 $556,644 $477,483 $738,289 $79,161
2021 $544,726 $477,720 $300,530 $67,006
2020 $538,584 $629,478 $233,195 $-90,894
2019 $758,003 $765,632 $194,747 $-7,629
2018 $692,081 $678,870 $200,925 $13,211
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