ASPIRE PUBLIC SCHOOLS FOUNDATION

EIN: 842381617 501(c)(3) Education

OAKLAND, CA

Total Revenue
$2,932,398
Total Expenses
$3,704,883
Total Assets
$3,425,613
Net Assets
$1,531,195
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
MALA BATRA
Phone
5104345000
Tax Period
2023-07-01 to 2024-06-30

ASPIRE PUBLIC SCHOOLS FOUNDATION, founded in 2019, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $3.7M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE NONPROFIT ASPIRE PUBLIC SCHOOLS FOUNDATION IS THE PHILANTHROPIC ARM OF ASPIRE PUBLIC SCHOOLS. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL AND MATERIAL RESOURCES TO FURTHER ASPIRE'S MISSION OF PREPARING OUR 15,400+ SCHOLARS FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. PHILANTHROPIC DOLLARS ARE HELD WITHIN THE FOUNDATION TO ENSURE TRANSPARENCY REGARDING UTILIZATION OF FUNDS FOR THEIR INTENDED PURPOSES. RESOURCES GARNERED BY THE FOUNDATION ARE ALLOCATED DIRECTLY TO SUPPORT FACILITIES, GROWTH AND EXPANSION, AND KEY ORGANIZATIONAL INITIATIVES THAT BETTER SERVE ALL OF OUR SCHOLARS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,932,389
Program Service Revenue $0
Investment Income $9
Other Revenue $0
TOTAL REVENUE $2,932,398

Expense Breakdown

Grants Paid $83,500
Salaries & Benefits $1,565,612
Fundraising Expenses $3,259,245
Program Expenses $83,500
Other Expenses $2,055,771
TOTAL EXPENSES $3,704,883

Year-over-Year Comparison

2023 2022 Change
Revenue $2,932,398 $2,868,708 +0.0%
Expenses $3,704,883 $3,848,415 0.0%
Net Income $-772,485 $-979,707 -0.2%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
6

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
4
$974,436
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIAT BISHKO DIRECTOR/BOARD CHAIR 2.00
Officer Director
$0 $0 $0
BETH GROSSMAN DIRECTOR 2.00
Director
$0 $0 $0
BILLY HARRIS DIRECTOR 2.00
Director
$0 $0 $0
BETH HUNKAPILLER DIRECTOR 2.00
Director
$0 $0 $0
MALA BATRA CHIEF EXECUTIVE OFFICER 2.00
Officer
$0 $102,104 $395,557
MICHAEL WIMBISH CHIEF FINANCIAL OFFICER 2.00
Officer
$0 $74,333 $300,727
ELIZABETH M KENNEDY EXECUTIVE DIRECTOR ASPIRE FOUNDATION 2.00
Officer
$0 $59,915 $278,152
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 No data No data No data No data
2024 $2,932,398 $3,704,883 $3,425,613 $-772,485
2023 $2,868,708 $3,848,415 $5,689,305 $-979,707
2022 $3,183,022 $3,541,133 $6,265,195 $-358,111
2021 $4,763,680 $2,687,505 $4,272,358 $2,076,175
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