Overview
What is Aspira Inc Of New Jersey?
Aspira Inc of New Jersey, situated in Newark, New Jersey, is a nonprofit organization with a mission to foster the intellectual and creative potential of Puerto Rican and other youth within their community. Their primary focus is on work readiness, assisting unemployed individuals by honing essential job search skills and acquiring necessary soft skills to secure employment. With a team of 74 dedicated professionals, this organization is committed to empowering local youth, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Aspira Inc Of New Jersey has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is based entirely on their accountability and finance score, which stands at 98%. This rating reflects the organization’s commitment to transparency and financial management, essential qualities for building trust with donors and stakeholders.
The organization showcases strong governance practices, with a fully independent board and effective financial oversight mechanisms. They have demonstrated sound financial practices, evident in their low liability-to-asset ratio of 3.55% and a program expense ratio of 83.16%, meaning the majority of their funds are directed towards their programs rather than administrative costs. The presence of well-defined policies, such as conflict of interest and whistleblower protections, further underscores their commitment to ethical management.
Overall, while Aspira Inc Of New Jersey excels in accountability and financial management, the summary does not indicate any specific limitations or areas of concern. This strong performance positions them well to continue their mission effectively and maintain the trust of their supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Aspira Inc Of New Jersey legitimate?
Aspira Inc Of New Jersey is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspira Inc Of New Jersey submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $242,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $718,063
For more financial information, click here
What is the mission statement of Aspira Inc Of New Jersey?
Aspira Inc of New Jersey's mission is centered around enhancing the intellectual and creative abilities of Puerto Rican and other youth within their community. The organization's primary objective is to foster this development, aiming to equip these young individuals with the necessary skills to thrive. In addition to this, Aspira Inc of New Jersey offers work readiness programs, assisting unemployed individuals in honing essential job search techniques and acquiring the soft skills required to secure employment.
Who is the CEO of Aspira Inc Of New Jersey?
Carlos Valentin Jr is the Executive Director of Aspira Inc Of New Jersey.
What is the revenue of Aspira Inc Of New Jersey?
Aspira Inc Of New Jersey's revenue in 2022 was $1,413,779.
Who are the executives of Aspira Inc Of New Jersey and what are their salaries?
The average compensation at Aspira Inc Of New Jersey during 2022 was $12,982. There are 74 employees at Aspira Inc Of New Jersey.
Here are 6 key members and their salaries:
- Compensation: $242,635
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Aspira Inc Of New Jersey?
Aspira Inc Of New Jersey's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aspira Inc Of New Jersey
Aspira Inc of New Jersey is an organization dedicated to fostering the intellectual and creative abilities of Puerto Rican and other youth within their community. The primary mission of this nonprofit is to empower these young individuals, providing them with the necessary tools and resources to reach their full potential. By offering various programs and initiatives, Aspira Inc of New Jersey strives to nurture the growth and development of its youth, ultimately contributing to a stronger and more prosperous community.
One of the ways Aspira Inc of New Jersey achieves its mission is through its Work Readiness Program. This initiative assists unemployed individuals, primarily of Puerto Rican descent, by teaching them essential job search techniques and instilling the soft skills required to secure employment. By equipping these clients with the necessary tools to navigate the job market, Aspira Inc of New Jersey is not only fostering self-sufficiency but also contributing to the overall economic growth of its community.
In summary, Aspira Inc of New Jersey is a nonprofit organization that focuses on the intellectual and creative development of Puerto Rican and other youth within its community. By providing programs and initiatives such as the Work Readiness Program, Aspira Inc of New Jersey empowers its young population, ultimately contributing to a stronger and more prosperous community.
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Impact
October, 2024
Aspira Inc Of New Jersey significantly impacts the community by focusing on the intellectual and creative development of Puerto Rican and other youth. Through targeted programs, it enhances the employability of out-of-work individuals by equipping them with essential job search techniques and soft skills crucial for securing employment. This approach not only fosters individual potential but also contributes to the broader community's socioeconomic development. By investing in youth development, Aspira helps cultivate a skilled workforce that can better participate in the local economy, ultimately uplifting the community as a whole.
This information is meant to be a general summary of Aspira Inc Of New Jersey. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,413,779
Assets and Liabilities:
- Total Assets: $872,110
- Total Liabilities: $24,589
- Net Assets: $847,521
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Organization Details
Founding Year
1968
Phone
(973) 484-7554Principal Officer
Carlos Valentin Jr
Main Address
390 BROAD STREET, NEWARK, NJ, 07104
NTEE Category
Code: O50 - Youth development
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