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uAspire (previously known as ACCESS)

AKA uAspire

Boston, MA

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uAspire (previously known as ACCESS)

Also Known As:
uAspire
Physical Address:
Boston, MA 02116 
EIN:
04-3564307
Web URL:
www.uaspire.org
Leadership:
Mr. Bob Giannino-Racine
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Legitimacy Information

  • This organization is registered with the IRS.
  • This organization is required to file an IRS Form 990 or 990-EZ.

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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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Fiscal Year Starting: Jul 01, 2010
Fiscal Year Ending: Jun 30, 2011
Revenue
Total Revenue $2,815,384
Expenses
Total Expenses $2,676,466

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Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
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Basic Organization Information

uAspire (previously known as ACCESS)

Also Known As:
uAspire
Physical Address:
Boston, MA 02116 
EIN:
04-3564307
Web URL:
www.uaspire.org 
NTEE Category:
B Educational Institutions 
B82 Scholarships, Student Financial Aid, Awards 
Year Founded:
1985 
Ruling Year:
2006 

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Mission Statement

uAspire works to ensure that all young people have the financial information and resources necessary to find an affordable path to – and through – a postsecondary education. To accomplish this mission, uAspire places financial aid advisors inside high schools and community organizations to provide free financial aid advice and advocacy to all the students of Boston, Springfield and Lawrence - and soon, in Miami, FL - to help them overcome the financial barriers to higher education. Our programs work with students and their families from middle school to high school through college graduation – serving more than 11,000 students and families last year alone – to ensure that finances never get in the way of potential. In the last three years, uAspire has helped students secure more than $150 million in financial aid. Through partnerships with high schools, community organizations and local universities, uAspire has helped more than 60,000 students achieve their dream of higher education since our founding in 1985.

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Impact Summary from the Nonprofit

uAspire has undergone dramatic growth over the last three years due to the increasing need for our services and the effectiveness of our programs. The increase in tuition and fees, by more than 68% between 2001 and 2006 for Massachusetts four-year public colleges, is perhaps hardest felt by students in the Boston Public Schools, where more than 70% of the students come from families at or below the federal poverty line. This has resulted in the significant growth of our Senior Advising program over the past few years. In 2004, uAspire held 1,388 one on one advising sessions with 600 high school seniors. Last year, uAspire served more than 4,000 high school seniors in three sites across Massachusetts - Boston, Springfield and Lawrence. As a result of these advising sessions, last year uAspire helped high school seniors secure more than $85.4 million in grants, loans and scholarships. Thanks to proper management and our highly trained Advisors, for the past two years uAspire has been able to show a return on investment of $62 in financial aid secured for every $1 invested in the program.   uAspire’s financial aid advising services have already had a remarkable effect on the students of Boston. uAspire completed a survey with the help of the National Student Clearinghouse of 250 Boston students from the Class of 2000 who participated in the uAspire Senior Advising Program and received an uAspire Last Dollar Scholarship and found that 75% graduated from a two or four year college within seven years. This number is remarkable given the report released by Northeastern University and the Private Industry Counsel, funded by the Boston Foundation, which indicated that only 35.5% of the graduates from the Boston Public Schools Class of 2000 who enrolled in college had earned a two-year or four-year post-secondary degree or certificate within the same time period.

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Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Revenue and Expenses

Revenue and Expense data from Forms 990 for 2011, 2010, 2009, 2008 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Balance Sheet

Balance Sheet data from Forms 990 for Year 2011, 2010, 2009, 2008 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Forms 990 Provided by the Nonprofit for 2011, 2010, 2009, 2008 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Financial Statements

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Annual Reports

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Leadership

Mr. Bob Giannino-Racine

Term:

Since May 2005

Profile:

Bob Giannino-Racine is the Executive Director of uAspire, the leading provider of financial aid advising in Massachusetts. Bob has 16 years of experience within the Boston nonprofit community. Prior to joining uAspire, he served as the Vice President of Business Development and Government Relations at Jumpstart for Young Children, a Boston-based national nonprofit organization that engages college-aged young people in service. While at Jumpstart, Bob held several senior level management positions, including three years as Executive Director of Jumpstart Boston, where he oversaw a threefold increase in the organization's impact on the City's children. Bob's previous experience includes being involved in the start-up of a number of other successful nonprofit ventures, and a stint in the for-profit sector with Procter and Gamble. As a product of the Somerville Public Schools and a graduate of Harvard College, Bob knows first hand the need for high quality advising services and the role that financial aid, in particular scholarship support, plays in making a difference in one's life. In addition to his work with uAspire, Bob serves on the Board of Directors of idealist.org - the leading nonprofit career internet site - and Social Capital Inc., is a member of the Selection Committee for the Jimmy and Rosalynn Carter Partnership Award for Campus-Community Collaboration, and has served as an advisor to the Institute for School/Community Collaboration. A member of the Boston Study Group, a panel of business, philanthropic and nonprofit leaders from across Boston who meet monthly to examine pressing issues facing the city, Bob was Co-Chair of the Education Convening for The Boston Foundation's 2006 Boston Indicators Project, a biennial gathering of Boston's educational leaders, and recently served as a member of EdVestors Educational Review Panel. Bob also serves an Alumni Interviewer for Harvard. Bob resides with his family in Dorchester, MA

Board Chair

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Board of Directors

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Officers for Fiscal Year

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Highest Paid Employees & Their Compensation

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Program: High School Advising

Budget:
$987,000
Category:
Education, General/Other
Population Served:
Youth/Adolescents only (14 - 19 years)

Program Description:

uAspire’s financial aid Advisors offer one-on-one advising to high school seniors and guide students through the process, from initial intake to review of the financial aid award letter. Support includes: an initial conversation with students to understand their situation and educational goals; assistance completing the FAFSA; and review of financial aid award letters. Advisors also host workshops for students to help build awareness of the financial aid process.

Program Long-Term Success:

students have an affordable plan to graduate from college, earn their degree reduced/eliminated student debt upon graduation more than 84% of uAspire advisees persist to 2nd year of college, compared to 66% of all students nationwide across all incomes MA leads nation in FAFSA completion, college access and success

Program Short-Term Success:

more than 4,000 HS seniors receive uAspire advising services FAFSA completion and award letter review $62 leveraged in financial aid for every $1 given to senior advising program

Program Success Monitored by:

advisor notes use of Salesforce database to track progress family financial data National Student Clearinghouse data

Program Success Examples:

–J.I.

Program: Early College Affordability Awareness (ECAA)

Budget:
$200,000
Category:
Education, General/Other
Population Served:
Youth/Adolescents only (14 - 19 years)

Program Description:

uAspire began the Early College Affordability Awareness program (ECAA) in 2009 with the goal of providing direct advising and workshops to students in Boston high schools as early as the 9th grade. With continued reinforcement of the importance to start preparing for college early, students will have more time and opportunities to plan ahead for their education once they reach senior year. Components include: 9th – Students learn about the positive benefits of investing in college; the connection between academics, extracurricular activities and financial aid; and an understanding of the financial aid process. 10th – Students learn about the different types of financial aid; the difference between the “sticker price” and the actual cost of a college education; and the different types of colleges. 11th – Students learn about how different choices can help make college more affordable; the need for a “financial safety” school; and the basics of a financial aid award letter.

Program Long-Term Success:

increased knowledge of college financial aid process change in behavior towards positive choices re: college (i.e. taking advanced courses, joining extracurricular activities, saving for college early, visiting colleges)

Program Short-Term Success:

83% of 9th grade students were able to correctly answer three or four questions from a four-question survey (vs. 69% pre-test) and 91% of 10th graders were able to do the same (vs. 79% pre-test) 75% of 9th graders know that uAspire is in their schools and is a service for them – up from 35% at the beginning of the year. 9th grade students who spoke with a college graduate rose from 45% to 53%. The number of 10th graders participating in a club or after-school activity rose as well, from 55% to 63%.

Program Success Monitored by:

student surveys, questionnaires use of Salesforce database to record outputs, impact

Program Success Examples:

The data shared above which show increased knowledge of the financial aid process has been very promising and is evident of the impact that ECAA advising has on students. We anticipate that, by the time these students enter senior year of high school, they will be better prepared to navigate the complex financial aid process and make informed decisions about their college education.

Program: Community Engagement Program

Budget:
$324,000
Category:
Education, General/Other
Population Served:
Children and Youth (0 - 19 years)

Program Description:

uAspire has developed partnerships with more than 20 community-based organizations, including Artists for Humanity, Boys & Girls Club of Boston, College Bound Dorchester and Year Usome organization choose to cost-share partnerships

Program Long-Term Success:

uAspire's geographic scope is expanded beyond high schools, becoming well-known name in community CBO professionals are better equipped to handle financial aid questions that they young people and families they serve have college-going cultures are built and grown in neighborhoods across Boston, Springfield, Lawrence

Program Short-Term Success:

more than 2,200 students, families impacted by community engagement last year more than 60 partnerships with community-based organizations popular events such as FAFSA completion day are successful

Program Success Monitored by:

partner surveys student/family feedback

Program Success Examples:

uAspire has maintained valuable partnerships with more than 60 community partners in the three cities where we operate. Through these partnerships, uAspire offered more than 100 workshops, directly impacting 2,200 students and families. The services we offered include:  Financial Aid 101 workshops, FAFSA Completion Day, one-on-one advising, and staff training.

Program: Postsecondary Success

Budget:
$300,000
Category:
Education, General/Other
Population Served:
Children and Youth (0 - 19 years)

Program Description:

uAspire is a participating organization in The Boston Foundation’s Success Boston initiative. The initiative was launched in November 2008 after a report found that only 35% of Boston Public Schools high school graduates from the Class of 2000 earned a college degree within seven years of graduation. uAspire’s role in this groundbreaking initiative is to provide students and their families with financial aid guidance, as well as convene meetings of the participating organizations and collect and manage student data.

Program Long-Term Success:

students successfully graduate from college graduate with minimal, manageable student debt PSE completion numbers are higher in Boston, Springfield, Lawrence

Program Short-Term Success:

400 Success Boston students last year served through financial aid and financial education workshops, FAFSA fill-ins, 1-on-1 meetings, and indirect advising through their success coaches

Program Success Monitored by:

data collection in collaboration with our CBO, Success Boston partners National Student Clearinghouse data Salesforce database to capture, track, analyze data

Program Success Examples:

uAspire's college students, as part of this program, appreciate the services we offer and turn to us for additional support. With FAFSA needing to be completed every year, we ensure that students continue their track towards their degree. 84% of uAspire Scholars persist into their second year of college, compared to a national average of 66%, which includes students across all income levels.

Program: Last Dollar Scholarships

Budget:
$310,000
Category:
Education, General/Other
Population Served:
Youth/Adolescents only (14 - 19 years)

Program Description:

uAspire provides direct scholarships to students with the greatest amount of unmet financial need upon completion of a full year of advising in their senior year of high school. Scholarships average $1,000 per student and are renewable for six years. This amount often means the difference between a student being able to attend the college of their choice or not attending. 40% of BPS Valedictorians have applied for our Last Dollar Scholarship.

Program Long-Term Success:

students fill critical gaps of funding that otherwise may derail their track towards a college degree with finances in order, students focus on their academics, rather than whether or not they can afford tuition next semester

Program Short-Term Success:

nearly 300 students in Boston and Springfield received a Last Dollar Scholarship in 2012 more than $270,000 granted in scholarships

Program Success Monitored by:

student feedback Salesforce database

Program Success Examples:




Evidence of Impact

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