Aspiration, Aspirationtech Org in San Francisco, California (CA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Aspiration, Aspirationtech Org | |
| Employer Identification Number (EIN) | 912106274 |
| Name of Organization | Aspiration |
| Secondary Name | Aspirationtech Org |
| Address | PO BOX 880264, San Francisco, CA 94188-0264 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $155,970 |
| Amount of Income | $485,777 |
| Form 990 Revenue Amount | $440,440 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management & Technical Assistance |
Non-representatives - add comments:
Amount of income in 2013: $485,777 (it was $440,440 in 2011)
| Aspiration, Aspirationtech Org: | $485,777 |
| Other organizations performing similar types of work: | $175,340 |
Assets in 2013: $155,970 (it was $66,294 in 2011)
| Aspiration, Aspirationtech Org: | $155,970 |
| Other organizations performing similar types of work: | $104,499 |
Expenses in 2011: $393,861
| This organization: | $393,861 |
| Other organizations performing similar types of work: | $189,573 |
Income to expenses ratio in 2011: 1.2
| Aspiration, Aspirationtech Org: | 1.2 |
| Other organizations performing similar types of work: | -,nan,(ind) |
Grants share in income in 2011: 14.8%
| This organization: | 14.8% |
| Other organizations performing similar types of work: | 5.2% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $440,440 | $2 | $375,120 | |
| Contributions, gifts, grants, etc., received | $65,320 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $43,148 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $331,970 | |||
| Total expenses and disbursements | $393,861 | $130 | $213,738 | $179,993 |
| Compensation of officers, directors, trustees, etc. | $90,000 | |||
| Total operating and administrative expenses | $393,861 | $130 | $179,993 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $46,579 | |||
| Net investment income | $0 | |||
| Adjusted net income | $161,382 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $66,294 | $66,294 |
| Cash - non-interest-bearing | $25,808 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $40,486 | |
| Total liabilities | $2,885 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,885 | |
| Total liabilities and net assets/fund balances | $63,409 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $101 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $101 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $101 |
| Amount to be credited to 2012 estimated tax | $101 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $38,134 |
| Net value of noncharitable-use assets | $37,560 |
| Minimum investment return | $1,878 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1,878 | $1,090 | $0 | $143 | $3,111 |
| Qualifying distributions made directly for active conduct of exempt activities | $179,993 | $139,382 | $208,531 | $234,932 | $762,838 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $1,252 | $727 | $805 | $95 | $2,879 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rural Developement Institute | 1424 4th Ave Ste 300, Seattle, WA 98101-2290 | WA | 2002-01 | $11,527,471 |
| 2 | Salesforce Org | One Market Street Suite 300, San Francisco, CA 94105 | CA | 2009-02 | $28,064,286 |
| 3 | Center For Place-Based Initiatives | 1024 N Orange Drive Apt No 120, Los Angeles, CA 90038 | CA | 2009-12 | $1,180,300 |
| 4 | Aqua Maintenance Corporation | 388 E Ocean Blvd, Long Beach, CA 90802-5252 | CA | 2005-09 | $1,164,765 |
| 5 | Aspiration, Aspirationtech Org | PO BOX 880264, San Francisco, CA 94188-0264 | CA | 2001-10 | $485,777 |
| 6 | Octane Foundation For Innovation | 65 Enterprise, Aliso Viejo, CA 92656-2705 | CA | 2005-08 | $252,269 |
| 7 | American Independent Business Alliance, Modesto Independent Business Alliance | 1700 Mchenry Ave 27a, Modesto, CA 95355 | CA | 2010-08 | $175,340 |
| 8 | Home & Community Inc | Po Box 65756, Los Angeles, CA 90065-0756 | CA | 2000-08 | $117,121 |
| 9 | Every Voice Engaged Foundation | 5271 Scotts Valley Drive Suite 16, Scotts Valley, CA 95066-3577 | CA | 2013-04 | $109,722 |
| 10 | Institute Of The Commons | 140 Alhambra Street, San Francisco, CA 94123-2004 | CA | 2008-02 | $65,093 |
| 11 | Sierra Commons | 792 Searls Ave, Nevada City, CA 95959-3056 | CA | 2011-12 | $49,118 |
| 12 | American Independent Business Alliance, Hunboldt Independent Business Allia | PO BOX 858, Eureka, CA 95502-0858 | CA | 2010-08 | $10,330 |
| 13 | Insightout Enterprises | 4460-16 Redwood Highway 304, San Rafael, CA 94903 | CA | 2000-02 | $1 |
| 14 | Acuavita Foundation Inc | 1041 Market Street Suite 165, San Diego, CA 92101 | CA | 2014-10 | $0 |
| 15 | Agency Funding Assistance Corporation | 942 S Quincy Rd, Turlock, CA 95380-9163 | CA | 1999-02 | $0 |
| 16 | Community Tax Clinic | 400 Continental Blvd 6th Floor, El Segundo, CA 90245 | CA | 2005-01 | $0 |
| 17 | I-Lead-Glocal | 18682 Lancashire Way, San Diego, CA 92128-1034 | CA | 2011-10 | $0 |
| 18 | Los Angeles 2020 | 350 S Grand Ave 25th Floor, Los Angeles, CA 90071-3460 | CA | 2013-08 | $0 |
| 19 | Palm Leaf Management Inc | 9020 Reseda Blvd Ste 105c, Northridge, CA 91324-3923 | CA | 2006-07 | $0 |
| 20 | Testability Management Action Group Inc | 8929 S Sepulveda Blvd Ste 314, Los Angeles, CA 90045-3642 | CA | 2008-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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