Aspire Institute Inc

EIN: 870960615 501(c)(3) International Affairs

Cambridge, MA

Total Revenue
$1,662,193
Total Expenses
$2,114,758
Total Assets
$839,508
Net Assets
$773,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MA
Principal Officer
Meena Sonea Hewett
Phone
6172912101
Tax Period
2025-01-01 to 2025-12-31

Aspire Institute Inc, founded in 2021, is a community nonprofit in the International Affairs sector that reported $1.7M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

Aspire's mission is to empower low-income and first-generation college students and recent graduates to act independently, make informed choices, and affect meaningful change. Through the tuition-free, online Aspire Leaders Program, participants develop resilience, cultural awareness, and leadership skills to help them navigate challenges and embrace opportunities in education, careers, and life. By fostering confidence, self-efficacy, and collaboration, Aspire equips future leaders to create lasting impacts in their communities and beyond.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,662,193
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,662,193

Expense Breakdown

Grants Paid $150,895
Salaries & Benefits $1,468,441
Fundraising Expenses $0
Program Expenses $1,993,735
Other Expenses $495,422
TOTAL EXPENSES $2,114,758

Year-over-Year Comparison

2025 2024 Change
Revenue $1,662,193 $1,512,937 +0.1%
Expenses $2,114,758 $1,780,299 +0.2%
Net Income $-452,565 $-267,362 +0.7%
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
3
Independent Members
2
Employees
24
Volunteers
188

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
$250,748
Total Directors
3
$191,375
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meena Sonea Hewett CEO 50.00
Officer Director
$173,719 $17,656 $191,375
Tarun Khanna President 5.00
Officer Director
$0 $0 $0
Karim Lakhani Treasurer 5.00
Officer Director
$0 $0 $0
Arthur Hunt Finance Officer 15.00
Officer
$59,373 $0 $59,373
Dimitri Antoniou Chief of Staff 40.00
Highest
$100,106 $10,248 $110,354
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 $1,662,193 $2,114,758 $839,508 $-452,565
2024 No data No data No data No data
2023 $571,500 $1,609,131 $1,625,590 $-1,037,631
2022 $3,350,000 $866,448 $2,610,387 $2,483,552
2021 $170,000 $122,591 $48,449 $47,409
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