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Nonprofiteer
← SHARED ASCENT FUND

Form 990 for tax year 2022

Filed by SHARED ASCENT FUND.

Totals

Total revenue
$6,441,198
Total expenses
$7,098,129
Contributions and grants received
$6,027,840
Grants paid
$2,221,341
Program service revenue
$406,350
Investment income
$7,008
Other revenue
$0
Total assets, end of year
$4,259,803
Total liabilities, end of year
$952,607
Net assets or fund balances, end of year
$3,307,196
Program services expenses (Part IX)
$6,513,877
Management and general expenses
$544,449
Fundraising expenses
$39,803
Program service expenses (Part III)
$6,513,877

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,027,840

  • 1g · Noncash contributions included above

    $2,455,232

  • 2a · Program service revenue: CONTRACT SERVICES

    total $406,350 · related or exempt $406,350

  • 3 · Investment income

    total $4,342 · excluded $4,342

  • 7a · Gross sales of assets other than inventory

    securities $2,457,898

  • 7b · Less cost or other basis and sales expenses

    securities $2,455,232

  • 7c · Gain or loss

    securities $2,666

  • 7d · Net gain or loss

    total $2,666 · excluded $2,666

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,221,341 · program services $2,221,341

  • 5 · Compensation of officers, directors and key employees

    total $32,508 · program services $13,514 · management and general $9,874 · fundraising $9,120

  • 7 · Other salaries and wages

    total $2,797,173 · program services $2,490,579 · management and general $287,975 · fundraising $18,619

  • 8 · Pension plan contributions

    total $169,760 · program services $150,227 · management and general $17,869 · fundraising $1,664

  • 9 · Other employee benefits

    total $383,317 · program services $339,211 · management and general $40,348 · fundraising $3,758

  • 10 · Payroll taxes

    total $193,604 · program services $171,328 · management and general $20,378 · fundraising $1,898

  • 11b · Fees: legal

    total $22,606 · management and general $22,606

  • 11c · Fees: accounting

    total $16,300 · management and general $16,300

  • 11f · Fees: investment management

    total $511 · management and general $511

  • 11g · Fees: other

    total $865,806 · program services $849,386 · management and general $16,420

  • 13 · Office expenses

    total $40,162 · program services $27,893 · management and general $11,703 · fundraising $566

  • 14 · Information technology

    total $123,968 · program services $79,317 · management and general $42,812 · fundraising $1,839

  • 16 · Occupancy

    total $122,355 · program services $91,164 · management and general $29,631 · fundraising $1,560

  • 17 · Travel

    total $45,877 · program services $43,123 · management and general $2,358 · fundraising $396

  • 19 · Conferences, conventions and meetings

    total $34,827 · program services $32,736 · management and general $1,790 · fundraising $301

  • 23 · Insurance

    total $22,171 · management and general $22,171

  • 24a · Other expenses: DUES & MEMBERSHIP

    total $5,843 · program services $4,058 · management and general $1,703 · fundraising $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,151,147 · end of year $722,762

  • 2 · Savings and temporary cash investments

    beginning of year $2,305,580 · end of year $2,031,322

  • 3 · Pledges and grants receivable

    beginning of year $838,200 · end of year $1,021,794

  • 4 · Accounts receivable

    beginning of year $35,000 · end of year $75,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,127 · end of year $21,332

  • 15 · Other assets

    beginning of year $0 · end of year $387,193

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,880 · end of year $397,483

  • 18 · Grants payable

    beginning of year $167,047 · end of year $166,687

  • 25 · Other liabilities

    beginning of year $0 · end of year $388,437

  • 27 · Net assets without donor restrictions

    beginning of year $199,837 · end of year $316,074

  • 28 · Net assets with donor restrictions

    beginning of year $3,764,290 · end of year $2,991,122

Mission and programs · 2022

Mission

SHARED ASCENT FUND'S MISSION IS TO PROMOTE THE COMMON GOOD BY UPHOLDING DEMOCRATIC VALUES, PROMOTING HEALTH, AND ADVANCING SOCIAL EQUITY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • IN 2022, SHARED ASCENT FUND (SAF) SUPPORTED EFFORTS TO MAINTAIN AND STRENGTHEN VOTING RIGHTS; STRENGTHEN HEALTH CARE POLICIES AND ACCESS FOR ALL; AND COUNTER SYSTEMIC RACISM IN AMERICA. IN ADDITION TO GRANTMAKING, SAF SERVES AS A FISCAL SPONSOR--PROVIDING ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES--TO THE STUDENT BORROWER PROTECTION CENTER, WHICH HAS BEEN SUCCESSFULLY LEADING A NATIONWIDE EFFORT TO PROTECT STUDENT LOAN BORROWERS AND HALT WIDESPREAD ABUSES BY THE STUDENT LOAN INDUSTRY, AND TO THE COALITION TO EXPAND CONTRACEPTIVE ACCESS, WHICH WORKS TO EXPAND CONTRACEPTIVE ACCESS BY LEVERAGING POLICY AND RESEARCH TO ADVANCE SEXUAL AND REPRODUCTIVE HEALTH EQUITY AND REPRODUCTIVE QUALITY OF LIFE FOR ALL INDIVIDUALS.

    Expenses $6,513,877 · Grants $2,221,341 · Revenue $406,350

As filed on the 2022 return.

Listed in Part VII

  • Avi Garbow See Sched O

    DIR., PRESIDENT

    Total calculated
    $90,973
    From this org
    $16,540
    From related orgs
    $74,433
    Other
    $0
    Hours/week
    1 + 6 related

  • Steve Daetz

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christopher J Elliman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jason Burnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martha Kongsgaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melissa Roy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Preston Pinkett III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rosina Bugarin See Sched O

    TREASURER; CHIEF FINANCIAL OFFICER

    Total calculated
    $35,181
    From this org
    $8,031
    From related orgs
    $27,150
    Other
    $0
    Hours/week
    1 + 4 related

  • Helena Choi See Sched O

    SECRETARY; VICE PRESIDENT

    Total calculated
    $23,757
    From this org
    $5,574
    From related orgs
    $18,183
    Other
    $0
    Hours/week
    1 + 3 related

  • Michael Mantell--Pres Thru

    1/10/22, THEN SR. ADV. (SEE SCHED O)

    Total calculated
    $18,508
    From this org
    $2,363
    From related orgs
    $16,145
    Other
    $0
    Hours/week
    0.25 + 1 related

  • Jamie Hart

    DIR., CONTRACEPTIVE ACCESS

    Total calculated
    $335,933
    From this org
    $304,844
    From related orgs
    $0
    Other
    $31,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,484
    Bonus
    $5,360
    Other
    $0
    Deferred
    $14,841
    Nontaxable benefits
    $16,248
    Filer's total
    $335,933

  • Michael Pierce

    DIR., STUDENT BORROWING CTR.

    Total calculated
    $264,420
    From this org
    $229,914
    From related orgs
    $0
    Other
    $34,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,854
    Bonus
    $5,060
    Other
    $0
    Deferred
    $13,469
    Nontaxable benefits
    $21,037
    Filer's total
    $264,420

  • Lisa F Stern

    DEPUTY DIR., CONTRACEPTIVE ACCESS

    Total calculated
    $226,352
    From this org
    $207,110
    From related orgs
    $0
    Other
    $19,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,750
    Bonus
    $10,360
    Other
    $0
    Deferred
    $10,461
    Nontaxable benefits
    $8,781
    Filer's total
    $226,352

  • Persis Siching Yu

    POL. DIR./COUNSEL, STDT. BORR. CTR.

    Total calculated
    $199,717
    From this org
    $189,350
    From related orgs
    $0
    Other
    $10,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,950
    Bonus
    $3,400
    Other
    $0
    Deferred
    $9,863
    Nontaxable benefits
    $504
    Filer's total
    $199,717

  • Katherine Welbeck

    ADVOCACY DIR., STDT. BORR. CENTER

    Total calculated
    $175,322
    From this org
    $157,035
    From related orgs
    $0
    Other
    $18,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,675
    Bonus
    $360
    Other
    $0
    Deferred
    $8,624
    Nontaxable benefits
    $9,663
    Filer's total
    $175,322

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION PAID BONUSES TO THE INDIVIDUALS LISTED ON SCHED J, PART II, SEE COL (II). IN ADDITION, INCLUDED IN THE COMPENSATION FIGURES REPORTED FOR AVI GARBOW, ROSINA BUGARIN, AND HELENA CHOI ARE BONUSES OF $148, $113, AND $62, RESPECTIVELY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 October 2023
IRS schema version
2022v5.0
Source object
202332859349300108

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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