Overview
What is Ascend Foundation Inc?
Ascend Foundation Inc, based in New York City, is a 501(c)(3) non-profit organization that champions initiatives benefiting the Asian Pacific Islander (API) community in various industries worldwide. Their mission is to foster educational programs, community projects, and scholarship opportunities, empowering Pan-Asians to emerge as leaders, innovators, and role models. Through their annual Ascend A-List Awards gala, they celebrate outstanding leaders who excel in their professions and contribute positively to their communities. Additionally, Ascend Foundation publishes research and thought leadership reports, aiming to eliminate long-standing biases affecting the workforce and society as a whole. With a dedicated team of five employees, they collaborate with Ascend, the first and largest global network promoting API professionals, in driving change and fostering a more inclusive workplace and society.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
Ascend Foundation Inc has achieved a Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 90% overall, reflecting a solid commitment to financial health and transparency. Notably, it has a perfect score in aspects like the accountability of its board, lack of conflict of interest, and no material diversion of assets.
The charity boasts an independent board with a majority of members, although it lacks larger board size representation, which slightly affects its score in that area. Nonetheless, it excels with a high program expense ratio of 86.37%, showcasing that a significant portion of its funding is directed toward its mission. The organization also demonstrates excellent fundraising efficiency, with a minimal cost of just $0.04 to raise a dollar.
While the overall financial management appears robust, potential supporters might want to note the limited size of the board, as larger, diverse boards can often bring a wider range of perspectives and insights. Overall, Ascend Foundation Inc presents itself as a reliable and effective organization in the nonprofit sector, with commendable practices in governance and finance.
This AI summary has been generated from information found on Charity Navigator.
Is Ascend Foundation Inc legitimate?
Ascend Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascend Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $446,735
For more financial information, click here
What is the mission statement of Ascend Foundation Inc?
The Ascend Foundation, as a 501(c)(3) non-profit organization, works to positively impact the API community in various industries worldwide. It accomplishes this by delivering educational initiatives, community programs, and publishing research reports. The foundation also provides merit and need-based scholarships to empower Pan-Asians, enabling them to emerge as leaders, innovators, and role models. By collaborating with Ascend, the first and largest global network advancing API professionals, the foundation is uniquely positioned to address and challenge long-standing biases affecting both the workforce and society at large.
Who is the CEO of Ascend Foundation Inc?
Jeff Chin is the Director of Ascend Foundation Inc.
What is the revenue of Ascend Foundation Inc?
Ascend Foundation Inc's revenue in 2022 was $2,725,602.
Who are the executives of Ascend Foundation Inc and what are their salaries?
The average compensation at Ascend Foundation Inc during 2022 was $89,347. There are 5 employees and 57 volunteers at Ascend Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $33,600
- Related: $83,160
- Other: $0
- Compensation: $0
- Related: $66,667
- Other: $3,748
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ascend Foundation Inc?
Ascend Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ascend Foundation Inc
Ascend Foundation, a 501(c)(3) organization, is dedicated to driving positive changes for the Asian American and Pacific Islander (API) community. Their mission is multifaceted, encompassing the delivery of educational initiatives and community-focused programs, the publication of research and thought leadership reports, and the awarding of merit and need-based scholarships. This nonprofit aims to empower Pan-Asians, enabling them to become leaders, innovators, role models, and catalysts for change in the workplace, community, and society at large. By working in tandem with Ascend, the first and largest global network advancing API professionals in the workplace, Ascend Foundation is uniquely positioned to mobilize its constituents and rally allies to tackle long-standing biases that impact the workforce and society as a whole.
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Impact
July, 2024
Ascend Foundation Inc has a significant impact on the API community in workplaces across major global industries. The organization drives and supports initiatives that empower Pan-Asians to become leaders, innovators, and role models. Through educational programs, community-focused initiatives, research publications, and scholarships, Ascend Foundation enables individuals to make positive contributions to the workplace, community, and society at large. Their efforts aim to tackle long-standing biases and promote diversity and inclusion in the workforce.
This information is meant to be a general summary of Ascend Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,204
- Program Service Revenue: $1,530,750
- Gross Receipts: $2,725,602
Assets and Liabilities:
- Total Assets: $5,112,329
- Total Liabilities: $645,983
- Net Assets: $4,466,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,530,750
Organization Details
Founding Year
2006
Phone
(212) 248-4888Principal Officer
Jeff Chin
Main Address
160 BROADWAY 6TH FL EAST BUILDING, NEW YORK, NY, 10038
NTEE Category
Code: S194 - Community improvement
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