Program areas at GRASP
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. GRASP's professional financial aid advisors work in high schools and private settings, without charge to students and families, to assist with overcoming financial and motivational challenges to the goal of higher education.
GRASP anticipates continuing to take advantage of the Virginia Neighborhood Assistance Tax Credit Program ("NAP") and Education Improvement Scholarship Program ("EISP"). The NAP and EISP programs provide significant tax incentives to Virginia private and business donors who support scholarships and other tuition assistance programs of (1) students and families of low to modest financial means and (2) provide scholastic assistance in developing post - secondary academic and vocational plans for children with one or more disabilities as defined under the federal IDEA legislation. The NAP program requires that more than 50% of GRASP tax credit derived revenues are used for education services in support of students and families with income at or below 300% of the recognized poverty level of income or 400% of the recognized poverty level for students with disabilities. The EISP Program, a scholarship program for students in K-12 who wish to attend a private school, requires that at least 90% of tax credit generated revenues under this program be paid out in scholarships for students at or below 300% of poverty, or in the case of students with disabilities, 400% of poverty by the end of the following fiscal year end. The GRASP Board has directed that preference be given to scholarships for students with disabilities attending private schools with specialized disability services under the EISP Program.
Unique among many college access and success programs, GRASP operates several scholarship programs, including at least one scholarship for every school it serves. Students have the option to use these scholarships for 2-year, 4-year, and trade schools.
Who funds Great Aspirations Scholarship Program (GRASP)
Grants from foundations and other nonprofits
Personnel at GRASP
Name | Title | Compensation | Date of data |
---|
Todd Martin | President and Chief Executive | $135,494 | 2022-02-24 |
Bettsy Heggie | Chief Operating Officer | | 2022-02-24 |
Patricia Gordon | Chief Financial Officer | $50,432 | 2022-02-24 |
Anne Michie | Chief Compliance and Program Officer | | 2022-02-24 |
Paula Buckley | Director of Outreach and Public Affairs | | 2022-02-24 |
...and 7 more key personnel |
Financials for GRASP
Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
---|
Total grants, contributions, etc. | $1,641,035 | $1,634,221 | 0.4% |
Program services | $476,693 | $114,700 | 315.6% |
Investment income and dividends | $788 | $337,958 | -99.8% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $-245,617 | $0 | -999% |
Total revenues | $1,872,899 | $2,086,879 | -10.3% |
Organizations like GRASP
Organization | Type | Location | Revenue |
---|
Sierra College Foundation | 501(c)(3) | Rocklin, CA | $2,297,129 |
Telacu Education Foundation | 501(c)(3) | Los Angeles, CA | $3,920,920 |
Chicana Latina Foundation | 501(c)(3) | Burlingame, CA | $974,318 |
Rankin Women's Scholarship Fund | 501(c)(3) | Athens, GA | $1,027,544 |
Aaaa Foundation | 501(c)(3) | New York, NY | $3,368,477 |
Nexstar Legacy Foundation | 501(c)(3) | Saint Paul, MN | $575,348 |
First Command Educational Foundation | 501(c)(3) | Fort Worth, TX | $1,064,951 |
Astronaut Scholarship Foundation | 501(c)(3) | Orlando, FL | $2,792,261 |
Palmer Scholars | 501(c)(3) | Tacoma, WA | $1,138,687 |
Illinois Legislative Black Caucus Foundation | 501(c)(3) | Springfield, IL | $542,891 |
Data update history
October 21, 2022
Used new vendors
Identified 1 new vendor, including
February 24, 2022
Updated personnel
Identified 5 new personnel
September 23, 2021
Received grants
Identified 1 new grant, including a grant for $15,000 from Cameron Foundation June 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsReceives government fundingProvides scholarshipsTax deductible donations
General information
- Address
- 2821 Emerywood Pkwy 204
- Richmond, VA 23294
- Metro area
- Richmond, VA
- Website URL
- grasp4va.org/Â
- Phone
- (804) 527-7726
IRS details
- EIN
- 52-1277427
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1983
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B82: Scholarships, Student Financial Aid Services
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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