Overview
What is Aroostook Aspirations Initiative?
The Aroostook Aspirations Initiative is a nonprofit organization situated in Presque Isle, Maine. With a mission to promote and facilitate higher education opportunities for Maine's high school graduates, they aim to support academically deserving and financially needy students from Aroostook County, as well as a nearby college in Kennebec County. To achieve this, they offer scholarships of $1,000 to seniors in 16 high schools within Aroostook County. The initiative prioritizes first-generation and economically disadvantaged youth in the region, and funds are raised through contributions, grants, or gifts from various public or private sources. The organization's primary goal is to empower local talent by providing financial assistance for higher education.
Official website here: www.aroostookaspirations.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Aroostook Aspirations Initiative has received a One-Star rating from Charity Navigator, indicating a below-average performance in accountability and finance. While the charity has a strong governance structure with a fully independent board and effective policies in place, it struggles significantly with financial transparency, as noted by the absence of its tax form on its website.
The organization demonstrates strong governance practices, with perfect scores in areas such as board independence, conflict of interest policy, and documentation of board meeting minutes. However, these strengths are overshadowed by major weaknesses in financial metrics, particularly the lack of program expense reporting and the failure to showcase fiscal responsibility through a missing tax form.
In summary, while the Aroostook Aspirations Initiative has established a solid governance framework, its financial reporting deficiencies raise concerns. Potential donors and supporters may want to seek further clarity on these aspects before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Aroostook Aspirations Initiative legitimate?
Aroostook Aspirations Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aroostook Aspirations Initiative 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,550
For more financial information, click here
Official website here: www.aroostookaspirations.org
What is the mission statement of Aroostook Aspirations Initiative?
The Aroostook Aspirations Initiative is organized to serve charitable, educational, and scientific purposes. Its primary objective is to promote and facilitate the accessibility and availability of higher education opportunities for high school graduates. Additionally, it provides financial assistance in the form of scholarship grants or awards to academically deserving and financially needy high school graduates. To achieve these goals, the initiative raises funds and accepts contributions, grants, or gifts from various public or private agencies, organizations, or individuals. The funds raised are then utilized to finance its activities and support the higher education aspirations of eligible students.
Official website here: www.aroostookaspirations.org
Who is the CEO of Aroostook Aspirations Initiative?
Sandra Gauvin is the Director of Aroostook Aspirations Initiative.
Official website here: www.aroostookaspirations.org
What is the revenue of Aroostook Aspirations Initiative?
Aroostook Aspirations Initiative's revenue in 2022 was $74,368.
Official website here: www.aroostookaspirations.org
Who are the executives of Aroostook Aspirations Initiative and what are their salaries?
The average compensation at Aroostook Aspirations Initiative during 2022 was $15,550. There is 1 employee and 10 volunteers at Aroostook Aspirations Initiative.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aroostookaspirations.org
Where can I find the form 990 for Aroostook Aspirations Initiative?
Aroostook Aspirations Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aroostookaspirations.org
Learn more at the official website: www.aroostookaspirations.org
Mission Statement of Aroostook Aspirations Initiative
Aroostook Aspirations Initiative, a charitable organization, is dedicated to promoting educational opportunities for high school graduates in Maine. Its primary mission is twofold: firstly, it aims to increase the accessibility and availability of higher education for these graduates. Secondly, the initiative provides financial assistance to academically deserving and financially needy high school graduates in the form of scholarship grants or awards. To achieve these goals, Aroostook Aspirations Initiative raises funds and accepts contributions, grants, or gifts from various public or private agencies, organizations, or individuals. These funds are then utilized to finance its activities, ultimately benefiting the corporation and the deserving students it supports.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Aroostook Aspirations Initiative has made a significant impact by promoting access to higher education opportunities for Maine's high school graduates, providing financial assistance to academically deserving and/or financially needy students through scholarship grants and awards. Their focus on prioritizing first-generation and economically disadvantaged youth in Aroostook County demonstrates a commitment to addressing educational inequities and supporting the local community. By awarding scholarships and raising funds to support their activities, the Aroostook Aspirations Initiative plays a vital role in helping students pursue their academic goals and build a brighter future for themselves and their community.
This information is meant to be a general summary of Aroostook Aspirations Initiative. 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.
- Investment Income: $13,518
- Gross Receipts: $74,368
Assets and Liabilities:
- Total Assets: $532,582
- Total Liabilities: $0
- Net Assets: $532,582
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(207) 764-0876Principal Officer
Sandra Gauvin
Main Address
26 NORTH STREET BOX 138, PRESQUE ISLE, ME, 04769
Website
www.aroostookaspirations.orgNTEE Category
Code: P20 - Human services
If you are a representative of Aroostook Aspirations Initiative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.