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Education : Scholarship and Financial Support

Great Aspirations Scholarship Program

Ensuring career and college access for all

four stars

97.17

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
Ken Barker
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 97.17 four stars
  Financial 100.00 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 06/01/2019 and includes data from FY2018, 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

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Financial

four stars

100.00

Accountability & Transparency

four stars

96.00

This rating was published 06/01/2019 and includes data from FY2018, 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)
87.2%
  Administrative Expenses 11.5%
  Fundraising Expenses 1.2%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 2.52
  Program Expenses Growth 20.2%
  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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Great Aspirations Scholarship Program (VA) 97.17 four stars
Inner-City Scholarship Fund (NY) 88.90 three stars
Page Education Foundation (MN) 88.72 three stars
Thurgood Marshall College Fund (DC) 92.15 four stars
Daniel Murphy Scholarship Fund (IL) 90.96 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,244,542
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $456,000
Total Contributions $1,700,542
   Program Service Revenue $59,300
Total Primary Revenue $1,759,842
   Other Revenue $77,865
TOTAL REVENUE $1,837,707
   
EXPENSES  
   Program Expenses $1,541,430
   Administrative Expenses $199,659
   Fundraising Expenses $30,590
TOTAL FUNCTIONAL EXPENSES $1,771,679
   
Payments to Affiliates $0
Excess (or Deficit) for the year $66,028
   
Net Assets $3,882,556

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 $805,033 52.2%
Educational Planning $736,397 47.8%

Ratings History
Great Aspirations Scholarship Program has received 5 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$8,000 0.45% Kenneth D. Barker President, CEO
Other Salaries of Note
$71,427 4.03% Elizabeth E. Heggie Chief Operating Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Great Aspirations Scholarship Program (VA) 97.17 four stars
The College Crusade of Rhode Island (RI) 89.11 three stars
Denver Scholarship Foundation (CO) 87.89 three stars
Step Up For Students (FL) 96.66 four stars
I Know I Can (OH) 98.05 four stars

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This charity has an official representative registered with Charity Navigator.

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

Ken Barker
Chief Executive Officer

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