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Filing year 2023

GReat Aspirations Scholarship Program Inc

Richmond, Virginia·EIN 52-1277427·NTEE B82Z · Education·501(c)(3)
Total revenue
$2.7M
Total assets
$8.1M
Total expenses
$2.2M
Reported officers
22
Mission

GRASP's mission is to help all students and their families, with a focus on financially disadvantaged households, by: giving inspiration and hope that their goals are attainable; assisting them with the financial aid process and awarding scholarships; and supporting them in the attainment of their post-secondary goals at the lowest possible cost. GRASP is the only organization in the regions we serve that is primarily focused on assisting students with the postsecondary financial aid process and scholarship searching for all students. Financial aid is critical to increasing college access and success and is most effective when students and families learn about it early enough to make informed choices and plans. GRASP fills a substantial gap in the college access and success pipeline and fulfills our mission to ensure that every student has an equal opportunity for continuing education after high school through a balanced continuum of services.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.

President and CEO
Median to 75th percentile
$148k
$161k
Chief Compliance Officer
Officer (Unspecified)
$88k
$97k
Chief Financial Officer
25th percentile to median
$55k
$60k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 19 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at GReat Aspirations Scholarship Program Inc equaled 7% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
7%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 2%
from 2022

From $145k in 2022 to $148k in 2023.

$145k
2022
$148k
2023
In today's dollarsEst.
Down 2% in real terms$165k to $161k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 2% from 2022 to 2023, while revenue rose 14%.

$145k in 2022 to $148k in 2023.
  • Chief Financial Officer pay fell 1% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GReat Aspirations Scholarship Program Inc

What does the Chief Executive Officer of GReat Aspirations Scholarship Program Inc earn?

In 2023, the Chief Executive Officer of GReat Aspirations Scholarship Program Inc received $147,725 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Education organizations in Virginia, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GReat Aspirations Scholarship Program Inc compare with similar nonprofits?

Compared with the same role at Education organizations in Virginia, the 2023 pay of the Chief Executive Officer at GReat Aspirations Scholarship Program Inc falls between the median and the 75th percentile. In 2023, the highest total compensation at GReat Aspirations Scholarship Program Inc equaled 7% of the organization's total expenses. The median for education organizations is 7%.

What are GReat Aspirations Scholarship Program Inc's revenue and expenses?

In 2023, GReat Aspirations Scholarship Program Inc reported $2.7M in total revenue and $2.2M in total expenses on its IRS Form 990.

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