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Nonprofiteer
← ASCEND FOUNDATION INC

Form 990 for tax year 2023

Filed by ASCEND FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 August 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$3,913,347 changed to $3,093,397
Investment income
$997,935 changed to $177,985

Listed only on the earlier return

  • Christy Bae
  • Kiet A Vu
  • Shaila Lothe
  • Sharisse Guisao
  • Victorine Leonard

Listed only on the later return

  • Anna Mok
  • Dylan Jeng
  • Jenny Wei
  • Sandeep Gupta

Totals

Total revenue
$3,093,397
Total expenses
$1,414,586
Contributions and grants received
$1,538,095
Grants paid
$259,343
Program service revenue
$202,279
Investment income
$177,985
Other revenue
$1,175,038
Total assets, end of year
$10,310,030
Total liabilities, end of year
$666,649
Net assets or fund balances, end of year
$9,643,381
Program services expenses (Part IX)
$1,106,572
Management and general expenses
$141,283
Fundraising expenses
$166,731
Program service expenses (Part III)
$1,106,572

Program services were 78.2% 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

    $1,538,095

  • 2a · Program service revenue: Program service fees

    total $202,279 · related or exempt $202,279

  • 3 · Investment income

    total $177,985 · excluded $177,985

  • 8a · Fundraising events: gross income

    $1,436,019

  • 8b · Fundraising events: direct expenses

    $260,981

  • 8c · Net income from fundraising events

    total $1,175,038 · excluded $1,175,038

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $259,343 · program services $259,343

  • 7 · Other salaries and wages

    total $351,934 · program services $278,773 · management and general $48,910 · fundraising $24,251

  • 9 · Other employee benefits

    total $53,630 · program services $42,481 · management and general $7,453 · fundraising $3,696

  • 10 · Payroll taxes

    total $31,119 · program services $24,650 · management and general $4,325 · fundraising $2,144

  • 11b · Fees: legal

    total $280 · management and general $280

  • 11g · Fees: other

    total $360,585 · program services $250,091 · management and general $67,482 · fundraising $43,012

  • 13 · Office expenses

    total $65,065 · program services $22,111 · management and general $4,503 · fundraising $38,451

  • 16 · Occupancy

    total $39,819 · program services $31,541 · management and general $5,534 · fundraising $2,744

  • 17 · Travel

    total $31,708 · program services $18,946 · fundraising $12,762

  • 19 · Conferences, conventions and meetings

    total $204,985 · program services $173,811 · fundraising $31,174

  • 23 · Insurance

    total $3,228 · program services $1,553 · management and general $711 · fundraising $964

  • 24a · Other expenses: Other

    total $12,890 · program services $3,272 · management and general $2,085 · fundraising $7,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,878,024 · end of year $1,733,276

  • 2 · Savings and temporary cash investments

    beginning of year $42,012 · end of year $42,564

  • 3 · Pledges and grants receivable

    beginning of year $200,000 · end of year $100,000

  • 4 · Accounts receivable

    beginning of year $122,000 · end of year $112,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,396 · end of year $61,524

  • 11 · Investments: publicly traded securities

    beginning of year $3,915,582 · end of year $7,954,455

  • 12 · Investments: other securities

    beginning of year $1,017,013 · end of year $279,459

  • 15 · Other assets

    beginning of year $36,973 · end of year $26,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,889 · end of year $25,305

  • 19 · Deferred revenue

    beginning of year $251,900 · end of year $509,707

  • 25 · Other liabilities

    beginning of year $547,963 · end of year $131,637

  • 27 · Net assets without donor restrictions

    beginning of year $6,088,418 · end of year $9,417,179

  • 28 · Net assets with donor restrictions

    beginning of year $326,830 · end of year $226,202

Mission and programs · 2023

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 progr

  • Ascend Pinnacle and other miscellaneous programs

    Expenses $1,106,572

As filed on the 2023 return.

Listed in Part VII

  • Peyen Fong

    Natl Programs & Marketing Ad

    Total calculated
    $150,640
    From this org
    $145,385
    From related orgs
    $0
    Other
    $5,255
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $145,385
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $5,255
    Filer's total
    $150,640

  • Dylan Jeng

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Sandeep Gupta

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Jenny Wei

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Jeff Chin

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Anna Mok

    President & Chair

    Total calculated
    $0
    Hours/week
    0

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.

  • ASCEND INC

    501C6 · TO PROVIDE LEADERSHIP AND PRO DEV · NY

Provenance

Return type
form_990
Tax year
2023
Filed
20 April 2026
IRS schema version
2023v6.0
Source object
202621149349300547

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