Overview

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Est.

1983

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Great Aspirations Scholarship Program Inc (EIN: 52-1277427) is a nonprofit organization dedicated to providing essential resources for students and families in need, focusing on scholarships, financial aid, and counseling to enhance educational opportunities. With an operating budget of $1.7 million and total revenue of $2.5 million for the filing year 2025, GRASP aims to increase access to college, technical schools, and workforce credentials, particularly for those lacking sufficient financial resources. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. More information can be found on their website at http://grasp4va.org/.

Mission Statement

TO PROVIDE RESOURCES TO STUDENTS AND FAMILIES IN NEED TO ACCESS FINANCIAL AID, SCHOLARSHIPS, PRIVATE FINANCIAL SUPPORT AND COUNSELING TO ENCOURAGE AND MAXIMIZE EACH STUDENT'S EDUCATIONAL OPPORTUNITIES. GRASP'S FOCUS IS ON INCREASING COLLEGE, TECHNICAL SCHOOL, AND WORKFORCE CREDENTIAL ACCESS AND GRADUATION RATES, PARTICULARLY AMONG FAMILIES WITHOUT SUFFICIENT FINANCIAL RESOURCES TO ACCOMPLISH THIS WITHOUT GRASP'S GUIDANCE AND FINANCIAL ASSISTANCE.
Revenues
$2.5M
Expenses
$2.5M
Net Income:
+$9.1K
Assets
$8.4M
Liabilities
$2.8M
Net Assets:
+$5.6M
Operating Budget
$1.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
11
Median grant size
$10K
Largest grant received
$83.5K
J
Juan Espinoza
Board Member
K
Kelli Parker
Board Member
R
Randolph Beales
Board Member

Frequently Asked Questions

What is GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC’s budget?
In 2025, GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC support?
GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC supports work in Education and Scholarships & Financial Aid.
Where does GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC operate?
GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC is headquartered in Richmond, VA.
Who funded GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC recently?
In 2025, GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC received grants from GIVE LIVELY FOUNDATION INC, OBICI HEALTHCARE FOUNDATION INC, and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC received in 2024?
The largest grant to GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC in 2024 exceeds $84 thousand.
What is GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC’s reliance on government grants?
GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC relied on government grants for more than 20% of their total revenue in 2025.