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Education : Scholarship and Financial Support

Great Aspirations Scholarship Program

Ensuring that every student has an equal opportunity for continuing education after high school, regardless of financial or social circumstances

four stars

92.21

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

Board Leadership
Robert D. Holsworth
Chairman

CEO
Elizabeth E. Heggie
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 92.21 four stars
  Financial 99.51 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2016 and includes data from FY2015, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

four stars

99.51

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2016 and includes data from FY2015, 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)
83.3%
  Administrative Expenses 14.0%
  Fundraising Expenses 2.5%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 2.89
  Program Expenses Growth 20.5%
  Liabilities to Assets 0.8%
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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Great Aspirations Scholarship Program (VA) 92.21 four stars
Student Sponsor Partners (NY) 91.16 four stars
Marine Corps Scholarship Foundation (VA) 85.05 three stars
Take Stock in Children (FL) 95.46 four stars
Children of Fallen Patriots Foundation (VA) 88.85 three stars

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Founded in 1983, GRASP is a college-access organization that assists students and families in obtaining funding for post-secondary education. GRASP will help students and their families, regardless of their financial resources and at no charge to them, develop an educational plan. Our goal is to ensure that every student has an equal opportunity for continuing education after high school, regardless of financial or social circumstances.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,118,178
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $287,250
Total Contributions $1,405,428
   Program Service Revenue $91,299
Total Primary Revenue $1,496,727
   Other Revenue $27,944
TOTAL REVENUE $1,524,671
   
EXPENSES  
   Program Expenses $887,565
   Administrative Expenses $152,616
   Fundraising Expenses $10,333
TOTAL FUNCTIONAL EXPENSES $1,050,514
   
Payments to Affiliates $0
Excess (or Deficit) for the year $474,157
   
Net Assets $2,736,987

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
Help Students and Families Develop a Plan for Higher Education $554,135 62.4%
"Last Dollar" Scholarships $333,430 37.6%

Ratings History
Great Aspirations Scholarship Program has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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]
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, 2015
  • June, 2014
  • June, 2013
  • June, 2012
  • June, 2011

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

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Compensation % of Expenses Paid to Title
$64,200 6.11% Elizabeth E. Heggie Chief Executive Officer

Founded in 1983, GRASP is a college-access organization that assists students and families in obtaining funding for post-secondary education. GRASP will help students and their families, regardless of their financial resources and at no charge to them, develop an educational plan. Our goal is to ensure that every student has an equal opportunity for continuing education after high school, regardless of financial or social circumstances.

Highly Rated

Charity Name & State Overall Score Overall Rating
Great Aspirations Scholarship Program (VA) 92.21 four stars
Take Stock in Children (FL) 95.46 four stars
The Posse Foundation (NY) 91.52 four stars
Daniel Murphy Scholarship Fund (IL) 89.28 three stars
Children's Scholarship Fund (NY) 91.16 four stars

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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

Robert D. Holsworth
Chairman

CEO

Elizabeth E. Heggie
Chief Executive Officer

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