Totals
- Total revenue
- $2,692,910
- Total expenses
- $1,312,130
- Contributions and grants received
- $2,454,852
- Grants paid
- $120,000
- Program service revenue
- $113,500
- Investment income
- $124,558
- Other revenue
- $0
- Total assets, end of year
- $7,258,000
- Total liabilities, end of year
- $842,752
- Net assets or fund balances, end of year
- $6,415,248
- Program services expenses (Part IX)
- $950,105
- Management and general expenses
- $67,135
- Fundraising expenses
- $294,890
- Program service expenses (Part III)
- $950,105
Program services were 72.4% 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.
-
1c · Fundraising events
$1,034,520
-
1f · All other contributions, gifts and grants
$1,420,332
-
2a · Program service revenue: PROGRAM SERVICE FEES
total $113,500 · related or exempt $113,500
-
3 · Investment income
total $124,839 · excluded $124,839
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $7,370
-
7b · Less cost or other basis and sales expenses
securities $7,651
-
7c · Gain or loss
securities -$281
-
7d · Net gain or loss
total -$281 · excluded -$281
-
8a · Fundraising events: gross income
$335,031
-
8a · Fundraising events: contributions included on line 1c
$1,034,520
-
8b · Fundraising events: direct expenses
$335,031
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $120,000 · program services $120,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $320,389 · program services $243,566 · management and general $21,001 · fundraising $55,822
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $37,455 · program services $28,474 · management and general $2,455 · fundraising $6,526
-
10 · Payroll taxes
total $24,200 · program services $18,397 · management and general $1,587 · fundraising $4,216
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,575 · management and general $3,575
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $8,900 · management and general $8,900
-
11g · Fees: other
total $404,217 · program services $241,558 · management and general $5,674 · fundraising $156,985
-
12 · Advertising and promotion
total $14,654 · management and general $14,654
-
13 · Office expenses
total $30,347 · program services $9,203 · management and general $99 · fundraising $21,045
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $44,193 · program services $34,291 · management and general $2,707 · fundraising $7,195
-
17 · Travel
total $39,039 · program services $13,457 · fundraising $25,582
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $243,274 · program services $236,671 · fundraising $6,603
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,446 · program services $1,999 · management and general $173 · fundraising $2,274
-
24a · Other expenses: Other
total $12,361 · program services $2,489 · management and general $6,310 · fundraising $3,562
-
24b · Other expenses: Printing and Publications
total $5,080 · fundraising $5,080
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,018,524 · end of year $1,878,024
-
2 · Savings and temporary cash investments
beginning of year $41,464 · end of year $42,012
-
3 · Pledges and grants receivable
beginning of year $31,500 · end of year $200,000
-
4 · Accounts receivable
end of year $122,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $202,511 · end of year $46,396
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $818,330 · end of year $3,915,582
-
12 · Investments: other securities
end of year $1,017,013
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $36,973
-
17 · Accounts payable and accrued expenses
beginning of year $9,720 · end of year $42,889
-
19 · Deferred revenue
beginning of year $510,510 · end of year $251,900
-
25 · Other liabilities
beginning of year $125,753 · end of year $547,963
-
27 · Net assets without donor restrictions
beginning of year $4,414,346 · end of year $6,088,418
-
28 · Net assets with donor restrictions
beginning of year $52,000 · end of year $326,830
Mission and programs · 2022
Mission
The Ascend Foundation is a 501(c)(3) non-profit organization that drives and supports initiatives that make a positive impact for the API community at work across all major global industries. The Ascend Foundation delivers educational initiatives and community focused programs, publishes research and thought leadership reports, and awards merit and need based scholarships to enable, elevate, and empower Pan-Asians to become leaders, innovators, role models, and catalysts for workplace, community, and societal change. Together with Ascend, the ?rst and largest global network advancing API professionals in the workplace, Ascend Foundation is uniquely positioned to mobilize our constituents and galvanize allies to tackle long standing biases that impact our workforce and society at large.
-
Other miscellanesous programs:ASCEND Foudation, INC. PROVIDES OTHER MISCELLANEOUS PROGRAMS IN AN EFFORT TO CULTIVATE AND ADVANCE PAN-ASIAN PROFESSIONALS.
Expenses $635,725
-
Ascend PinnacleAscend Pinnacle is an initiative focused on Pan-Asian corporate board directors that aims to further support and strengthen networking amongst the group, sharing common business interests, and developing candidates for future Board service. The vision of Ascend Pinnacle is to help corporations enhance their business objectives by increasing the number of Asian American corporate board directors. Ascend Pinnacle was launched in 2014 and is the only network of its kind. Ascend Pinnacle hosts the Asian Corporate Directors Summit, an annual event for Asian American experienced corporate directors and senior corporate executives; the Aspiring Director Academy (ADA), a year round cohort based Board readiness program for senior executives who aspire to join a public company or large private company board in the next 1-3 years; regional roundtable events held in major cities throughout the year; and engages in thought leadership regarding corporate board issues.
Expenses $314,380
As filed on the 2022 return.
Listed in Part VII
-
Lawrence Low
COO
- Total calculated
- $213,948
- From this org
- $0
- From related orgs
- $200,000
- Other
- $13,948
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- not reported + $200,000 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $13,948 related
- Filer's total
- not reported + $213,948 related
-
Peyen Fong
Director
- Total calculated
- $140,000
- From this org
- $140,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 30 related
-
Anna MokANNA MOK
President
- Total calculated
- $0
- Hours/week
- 5
-
Jeff ChinJEFF CHIN
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jenny C Wei
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Dylan Jeng
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandeep Gupta
Board member
- Total calculated
- $0
- Hours/week
- 0.5
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
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.
-
501(C)(6) · TO PROVIDE Leadership AND PRO. DEV. · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402279349300100
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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