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Nonprofiteer
← ASCEND CARES FOUNDATION

Form 990 for tax year 2023

Filed by ASCEND CARES FOUNDATION.

Totals

Total revenue
$1,735,776
Total expenses
$1,894,814
Contributions and grants received
$1,436,251
Grants paid
$1,626,278
Program service revenue
$0
Investment income
$0
Other revenue
$299,525
Total assets, end of year
$318,620
Total liabilities, end of year
$52,731
Net assets or fund balances, end of year
$265,889
Program services expenses (Part IX)
$1,894,814
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,894,814

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $802,819

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $633,432

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $443,561

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $144,036

  • 8c · Net income from fundraising events

    total $299,525 · unrelated business $299,525 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,317,592 · program services $1,317,592

  • 2 · Grants to domestic individuals

    total $308,686 · program services $308,686

  • 11g · Fees: other

    total $6,650 · program services $6,650

  • 12 · Advertising and promotion

    total $21,727 · program services $21,727

  • 19 · Conferences, conventions and meetings

    total $1,429 · program services $1,429

  • 24e · All other expenses

    total $238,730 · program services $238,730

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,536 · end of year $223,486

  • 3 · Pledges and grants receivable

    beginning of year $438,820 · end of year $95,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $304,429 · end of year $52,731

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $424,927 · end of year $265,889

Mission and programs · 2023

Mission

ASCEND CARES FOUNDATION (THE "CORPORATION") IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 IN FURTHERANCE OF SUCH PURPOSES, THE CORPORATION SHALL PROVIDE AID TO VICTIMS OF NATURAL OR CIVIL DISASTERS OR EMERGENCY HARDSHIPS AND SUPPORT THE EFFORTS OF RELIEF ORGANIZATIONS THAT PROVIDE AID TO VICTIMS OF NATURAL OR CIVIL DISASTERS OR EMERGENCY HARDSHIPS. ASCEND CARES COORDINATES VOLUNTEERS AND PROVIDES FINANCIAL SUPPORT TO 501(C)(3) ORGANIZATIONS THAT SUPPORT CHILDREN'S HEALTH AND SAFETY, EDUCATION, HOUSING, HUNGER AND THE MILITARY.

Activities or mission (Part I)

THE CORPORATION SHALL PROVIDES AID TO VICTIMS OF NATURAL OR CIVIL DISASTERS OR EMERGENCY HARDSHIPS AND SUPPORT THE EFFORTS OF RELIEF ORGANIZATIONS. FURTHERMORE THE CORPORATION, PROVIDES SCHOLARSHIPS AND SUPPORT THE EFFORTS OF VARIOUS NOT FOR PROFIT ORGANIZATIONS.

  • THE ASCEND CARES FOUNDATION SERVES ALL AREAS WHERE ASCEND PERFORMANCE MATERIALS HAS A PRESENCE BY FUNDING VARIOUS NONPROFITS PROGRAMS, AND PROJECTS BENEFITTING THE NEEDY AND THE COMMUNITY AS A WHOLE.

    Expenses $1,317,592 · Grants $1,317,592

  • THE ASCEND CARES FOUNDATION AWARDS SCHOLARSHIPS BASED ON FINANCIAL NEED ACADEMIC PERFORMANCE AND COMMUNITY SERVICE. APPLICANTS EXPLAIN THEIR FINANCIAL NEED AND COMMUNITY SERVICE IN AN ESSAY FORMAT; PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL. TO BE ELIGIABLE, APPLICANTS MUST ATTEND A 4 YEAR COLLEGE OR JUNIOR COLLEGE, AND MUST BE CHILDREN OR DEPENDENTS OF EMPLOYEES IN GOOD STANDING. IN 2023, 103 SCHOLARSHIPS WERE AWARDED.

    Expenses $218,929 · Grants $218,929

  • THE PURPOSE OF THE GRANT IS TO SUPPORT SEVERAL ASCEND EMPLOYEES AND THEIR FAMILY MEMBERS DURING ILLNESS OR DISASTER. TO BE ELIGIBLE THE EMPLOYEE FILLS OUT AN APPLICATION FOR ASSISTANCE AND IS APPROVED BY THE ASCEND CARES COMMITTEE. 31 HARDSHIP GRANTS WERE GIVEN DURING 2023.

    Expenses $89,757 · Grants $89,757

  • ORGANIZATION EXPENSES

    Expenses $268,536

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Phil McDivitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Andrew Ralston

    SECRETARY

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Tom Boggs

    CHAIR

    Total calculated
    $0
    Hours/week
    45 + 0.5 related

  • Scotty Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Mimi Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Rachell Gold

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Michael Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Riz Amanullah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

  • Hal McCord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 0.5 related

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.

Grants on this return

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ASCEND PERFORMANCE MATERIALS HOLDINGS

    C · CHEMICAL MFG · DE · 0% owned

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202413189349310256

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

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