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Education : Scholarship and Financial Support

Great Aspirations Scholarship Program

Ensuring career and college access for all

four stars

100.00

4551 Cox Road Suite 115
Glen Allen, VA 23060
tel: (804) 527-7726   Web Site
EIN: 52-1277427

Board Leadership
Kenneth M. Dye
Chairman

CEO
Todd Martin
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 100.00 four stars
  Financial 100.00 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Helping all students and their families, with a focus on financially disadvantaged households, by:
(a) Giving inspiration and hope that their goals are attainable;
(b) Assisting them with the financial aid process and awarding scholarships; and
(c) Supporting them in the attainment of their post-secondary goals at the lowest possible cost.

Helping all students and their families, with a focus on financially disadvantaged households, by:
(a) Giving inspiration and hope that their goals are attainable;
(b) Assisting them with the financial aid process and awarding scholarships; and
(c) Supporting them in the attainment of their post-secondary goals at the lowest possible cost.

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Gold Seal of Transparency for voluntarily and publicly describing their goals, strategies, and accomplishments.  Learn More about Impact Information.
Charting Impact

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What are your strategies for making this happen?

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How will your organization know if you are making progress?

What have and haven't you accomplished so far?

This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

100.00

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.0%
  Administrative Expenses 10.4%
  Fundraising Expenses 1.5%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 1.94
  Program Expenses Growth 26.1%
  Liabilities to Assets < 0.1%
All data for Financial Performance Metrics calculations was provided by Great Aspirations Scholarship Program on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Great Aspirations Scholarship Program on recent 990s filed with the IRS.

Constituent Voice

Charity Navigator believes collecting feedback from the people an organization serves can make it more effective. That is why we're partnering with GuideStar by Candid to share Constituent Voice information with you. Here's how this organization is listening and learning from its constituents:
How is the organization collecting feedback?
Electronic surveys (by email, tablet, etc)
How is the organization using feedback?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve
With whom is the organization sharing feedback?
The people we serve, Our staff, Our board, Our funders
What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Describe a recent change in your organization that resulted from feedback.
Note: This organization did not answer this question
This Constituent Voice information is provided to us by Candid. At this time, Constituent Voice information published on this organization's page has no effect on its rating per our methodology.

Highly Rated

Charity Name & State Overall Score Overall Rating
Great Aspirations Scholarship Program (VA) 100.00 four stars
Denver Scholarship Foundation (CO) 90.08 four stars
Mitchell Institute (ME) 94.01 four stars
The BISON Children's Scholarship Fund (NY) 93.57 four stars
The Posse Foundation (NY) 89.18 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,519,749
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $458,500
Total Contributions $1,978,249
   Program Service Revenue $6,400
Total Primary Revenue $1,984,649
   Other Revenue $180,409
TOTAL REVENUE $2,165,058
   
EXPENSES  
   Program Expenses $2,052,309
   Administrative Expenses $227,253
   Fundraising Expenses $44,255
TOTAL FUNCTIONAL EXPENSES $2,323,817
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-158,759
   
Net Assets $3,723,797

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $1,217,992 59.3%
Educational Planning $834,317 40.7%

Ratings History
Great Aspirations Scholarship Program has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 07/01/2020 100.00 four stars
2018-06 02/01/2020 100.00 four stars
2018-06 06/01/2019 97.17 four stars
2017-06 06/01/2018 97.17 four stars
2016-06 06/01/2017 94.34 four stars
2015-06 06/01/2016 92.21 four stars
 
CN 2.0
2014-06 02/01/2016 92.12 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-1277427
Name in IRS Master File GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
(41) Student loans
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$75,819 3.26% Elizabeth E. Heggie Chief Operating Officer
Other Salaries of Note
$60,000 2.58% Kenneth D. Barker President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Great Aspirations Scholarship Program (VA) 100.00 four stars
Point Foundation (CA) 87.42 three stars
Alliance for Education (WA) 86.99 three stars
ACE Scholarships (CO) 92.74 four stars
Scholarship America (MN) 87.80 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Constituent Voice

This organization is sharing information on how they communicate with stakeholders to better inform your giving.

Charity Contact Info

Great Aspirations Scholarship Program
4551 Cox Road
Suite 115
Glen Allen, VA 23060
tel: (804) 527-7726
fax: (804) 527-7750
EIN: 52-1277427

Visit Web Site

Board Leadership

Kenneth M. Dye
Chairman

CEO

Todd Martin
Chief Executive Officer

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