UASPIRE INC

EIN: 461314848 501(c)(3) Education

BOSTON, MA

Total Revenue
$6,168,715
Total Expenses
$10,299,635
Total Assets
$16,281,677
Net Assets
$12,475,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MA
Phone
8573440770
Tax Period
2024-07-01 to 2025-06-30

UASPIRE INC, founded in 2012, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $10.3M exceeded revenue, resulting in a 67% operating deficit.

Mission

UASPIRE'S MISSION IS TO IMPROVE THE ECONOMIC MOBILITY OF UNDERREPRESENTED STUDENTS BY CREATING FINANCIAL SOLUTIONS TO DIVERSE POSTSECONDARY PATHWAYS.

Program Service Accomplishments

Program 1
Expenses: $3,905,665 Revenue: $829,008

UASPIRE GUIDES STUDENTS, FAMILIES, AND COMMUNITIES TO NAVIGATE COMPLEX FINANCIAL AID SYSTEMS IN PURSUIT OF EQUITABLE ACCESS TO AFFORDABLE POSTSECONDARY PATHWAYS THROUGH IN-PERSON AND VIRTUAL...

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UASPIRE GUIDES STUDENTS, FAMILIES, AND COMMUNITIES TO NAVIGATE COMPLEX FINANCIAL AID SYSTEMS IN PURSUIT OF EQUITABLE ACCESS TO AFFORDABLE POSTSECONDARY PATHWAYS THROUGH IN-PERSON AND VIRTUAL ADVISING. UASPIRE PROVIDES POSTSECONDARY FINANCIAL AID ADVISING TO 10,000 STUDENTS IN LOCATIONS ACROSS MASSACHUSETTS (BOSTON, CAMBRIDGE, SOMERVILLE, MALDEN, AND FALL RIVER) AND THE SAN FRANCISCO BAY AREA (SAN FRANCISCO, OAKLAND, AND HAYWARD) AND NEW YORK, NEW YORK. UASPIRE'S HIGH SCHOOL ADVISING PROGRAM, AFFORD, DELIVERS ROBUST, INDIVIDUALIZED SUPPORT IN THEIR HIGH SCHOOLS AND OVER TEXT MESSAGING TO APPLY FOR FINANCIAL AID, MAKE FINANCIALLY INFORMED COLLEGE DECISIONS, AND SUCCESSFULLY ENROLL. UASPIRE'S POSTSECONDARY ADVISING PROGRAM, SUCCEED, SUPPORTS STUDENTS TO MAINTAIN/SECURE FINANCIAL AID AND MANAGE COLLEGE COSTS TO PERSIST AND ULTIMATELY COMPLETE THEIR DEGREES. UASPIRE ADVISORS SUPPLEMENT HIGH SCHOOL COUNSELORS AND OTHER COMMUNITY-BASED ORGANIZATIONS WHO DEPEND ON UASPIRE TO HELP WITH THE FINANCIAL ISSUES RELATED TO AFFRODABILITY, MATRICULATION AND PERSISTENCE TO A CERTIFICATE OR DEGREE.

Program 2
Expenses: $1,813,344 Revenue: $310,709

UASPIRE TRAINS SCHOOL COUNSELORS AND PROGRAM STAFF TO SUPPORT THE STUDENTS THEY WORK WITH THROUGH THE FINANCIAL AID PROCESS. TAILORED TO STAFF'S EXPERIENCE AND STATE CONTEXT, OUR ONLINE AND IN-PERSON...

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UASPIRE TRAINS SCHOOL COUNSELORS AND PROGRAM STAFF TO SUPPORT THE STUDENTS THEY WORK WITH THROUGH THE FINANCIAL AID PROCESS. TAILORED TO STAFF'S EXPERIENCE AND STATE CONTEXT, OUR ONLINE AND IN-PERSON COURSES OFFER BEST-IN-CLASS INSTRUCTION, ACTION PLANNING, AND TOOLS TO USE WITH STUDENTS AND FAMILIES. WE ALSO OFFER PRACTITIONERS UNLIMITED ONLINE ACCESS TO UASPIRE'S RESOURCES, TECHNICAL ASSISTANCE, AND FINANCIAL AID EXPERTISE THROUGH OUR PARTNER PORTAL. THROUGH THE PORTAL, MEMBERS CAN REQUEST SUPPORT OR ASK A QUESTION TO GET THE BEST SOLUTION FOR THEIR STUDENTS, FIND HOW-TO VIDEOS AND TOOLS TO SHARE WITH STUDENTS AND FAMILIES, AND STAY CURRENT WITH COLLEGE AFFORDABILITY NEWS.

Program 3
Expenses: $906,673

BY LEVERAGING OUR OWN AND OUR STUDENTS' FINANCIAL AID EXPERTISE, UASPIRE ADVOCATES FOR INSTITUTIONAL, STATE, AND FEDERAL POLICY CHANGE TO TRANSFORM FINANCIAL AID AND HIGHER EDUCATION SYSTEMS. WE ALSO...

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BY LEVERAGING OUR OWN AND OUR STUDENTS' FINANCIAL AID EXPERTISE, UASPIRE ADVOCATES FOR INSTITUTIONAL, STATE, AND FEDERAL POLICY CHANGE TO TRANSFORM FINANCIAL AID AND HIGHER EDUCATION SYSTEMS. WE ALSO RUN A PAID POLICY FELLOWSHIP, WHERE COLLEGE STUDENTS BUILD ADVOCACY SKILLS AND INFLUENCE POLICYMAKERS TO MAKE HIGHER EDUCATION MORE AFFORDABLE AND EQUITABLE.

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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 $4,427,950
Program Service Revenue $1,272,317
Investment Income $461,493
Other Revenue $6,955
TOTAL REVENUE $6,168,715

Expense Breakdown

Grants Paid $87,829
Salaries & Benefits $8,401,917
Fundraising Expenses $1,068,629
Program Expenses $7,063,771
Other Expenses $1,809,889
TOTAL EXPENSES $10,299,635

Year-over-Year Comparison

2024 2023 Change
Revenue $6,168,715 $11,091,810 -0.4%
Expenses $10,299,635 $9,433,373 +0.1%
Net Income $-4,130,920 $1,658,437 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
88
Volunteers
19

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
3
$342,227
Total Directors
17
$0
Key Employees
4
$941,725
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA RIVERA WEISSBLUM SECRETARY 1.0
Officer Director
$0 $0 $0
MICHAEL BOYLE TREASURER 1.0
Officer Director
$0 $0 $0
AMIT PATEL DIRECTOR 1.0
Director
$0 $0 $0
BILL MCCLEMENTS VICE CHAIR 1.0
Director
$0 $0 $0
BOB O'SULLIVAN DIRECTOR 1.0
Director
$0 $0 $0
CHARLES SHIRLEY DIRECTOR 1.0
Director
$0 $0 $0
HO NAM DIRECTOR 1.0
Director
$0 $0 $0
JENN STREDLER DIRECTOR 1.0
Director
$0 $0 $0
JOHN HUDSON DIRECTOR 1.0
Director
$0 $0 $0
JONATHAN COX DIRECTOR 1.0
Director
$0 $0 $0
KERRY ANN JAMES BOARD CHAIR 1.0
Director
$0 $0 $0
MAY BUMAR DIRECTOR 1.0
Director
$0 $0 $0
PETE NOVEMBER DIRECTOR 1.0
Director
$0 $0 $0
SIMONE HILL OKAFOR DIRECTOR 1.0
Director
$0 $0 $0
TERRY VAUGHAN III DIRECTOR 1.0
Director
$0 $0 $0
VALDUVINO GONCALVES DIRECTOR 1.0
Director
$0 $0 $0
WILLIAM BILL MANDELL DIRECTOR 1.0
Director
$0 $0 $0
JACLYN PINERO CHIEF EXECUTIVE OFFICER 40.0
Officer
$295,760 $46,467 $342,227
AYEESHA LANE CHIEF PEOPLE AND OPERATIONS OFFICER 40.0
Key Emp
$197,101 $33,740 $230,841
HOLLY MORROW CHIEF KNOWLEDGE OFFICER 40.0
Key Emp
$202,492 $39,296 $241,788
JANEIRA FORTE CHIEF IMPACT OFFICER 40.0
Key Emp
$218,853 $11,971 $230,824
VALERIA WELLS CHIEF DEVELOPMENT OFFICER 40.0
Key Emp
$225,665 $12,607 $238,272
ANIKA VAN EATON VICE PRESIDENT OF POLICY 40.0
Highest
$130,811 $17,250 $148,061
BRENDAN WILLIAMS VICE PRESIDENT OF KNOWLEDGE 40.0
Highest
$123,838 $62,404 $186,242
Erica Rose VP of Strategic Partnerships 40.0
Highest
$123,956 $35,707 $159,663
Hallan Hanson Chief Development Officer 40.0
Highest
$131,773 $3,890 $135,663
KIMBERLY NIDAH Senior VP of Institutional Giving 40.0
Highest
$124,322 $16,736 $141,058
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 $6,168,715 $10,299,635 $16,281,677 $-4,130,920
2024 No data No data No data No data
2023 $12,347,124 $9,116,787 $13,772,012 $3,230,337
2022 $11,001,635 $7,683,195 $9,973,087 $3,318,440
2021 $8,929,537 $7,860,385 $8,161,176 $1,069,152
2020 $11,477,969 $8,257,779 $7,088,035 $3,220,190
2019 $9,203,644 $8,433,091 $3,388,104 $770,553
2018 $7,115,847 $8,472,569 $2,207,791 $-1,356,722
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