Public Charity

GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC

GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC is a Public Charity headquartered in RICHMOND, VA. Financial data from the 2025 filing: $2.5M revenue, $2.5M expenses, $8.4M total assets. 48 publicly reported grants to this organization, totaling roughly $1.1M, appear in IRS filings.

EIN: 521277427 RICHMOND, VA Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$2.5M
Total Expenses$2.5M
Total Assets$8.4M
Grant Records48
Funding Total$1.1M
Filing Years2020–2025

Mission

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.

Where $100 goes at Great Aspirations Scholarship Program Inc

How Great Aspirations Scholarship Program Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$84 Programs the work itself
$14 Management running the organization
$2 Fundraising raising the next dollar

Inside the $84 for programs

$50
Grasp is a non-profit organization specializing with helping students and their families, regardless of financial resources, to develop an educational plan for post secondary education
59% of program spending
$16
Unique among many college access and success programs, grasp operates several scholarship programs, including at least one scholarship for every school it serves
19% of program spending
$11
Grasp anticipates continuing to take advantage of the virginia neighborhood assistance tax credit program ("nap") and education improvement scholarship program ("eisp")
13% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHIEF COMPLI Anne Michie
DIRECTOR Cheryl Burke
DIRECTOR Christopher Lloyd
DIRECTOR Chuck Duvall
DIRECTOR David Didawick
DIRECTOR Ebony Lambert

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$651,270 31 grants
Education
$401,374 14 grants
Youth Development
$5,500 1 grant
Unspecified
$7,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.5M $2.5M $8.4M
2024 $2.7M $2.2M $8.1M
2023 $2.3M $2.0M $5.0M
2021 $2.1M $1.5M $4.6M
2020 $1.5M $1.7M $3.7M

Between 2020 and 2025, reported annual revenue grew from $1.5M to $2.5M (+64%), with total assets most recently reported at $8.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for GREAT ASPIRATIONS SCHOLARSHIP PROGRAM INC

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