Overview
What is Shared Ascent Fund?
Shared Ascent Fund (SAF) is a California-based nonprofit organization situated in Sacramento. Its mission is to uphold democratic values, promote health, and advance social equity. In 2022, SAF actively contributed to preserving voting rights, strengthening healthcare policies, and combating systemic racism in America. Besides grantmaking, SAF also serves as a fiscal sponsor, offering administrative services to organizations such as the Student Borrower Protection Center and the Coalition to Expand Contraceptive Access. The Student Borrower Protection Center has been instrumental in safeguarding student loan borrowers nationwide, while the Coalition to Expand Contraceptive Access works to broaden contraceptive access through policy and research, ultimately promoting sexual and reproductive health equity and reproductive quality of life for all individuals.
Official website here: www.sharedascentfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Shared Ascent Fund has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The rating is based on various metrics, including a significant emphasis on the independence of its board members and the transparency of its financial practices, both of which scored exceptionally high. The organization has effectively demonstrated its commitment to sound financial management and governance.
Among its organizational strengths, the Shared Ascent Fund boasts a fully independent board, which is crucial for unbiased decision-making and oversight. The charity has no recorded material diversions of assets and maintains robust policies, including whistleblower and conflict of interest policies, ensuring ethical practices. Financially, the organization spends a substantial 94.38% of its expenses directly on programs, showcasing a strong focus on its mission.
However, there are some areas for improvement, particularly in fundraising efficiency, where it received a lower score. While the organization is financially stable with a low ratio of liabilities to assets, the fundraising efficiency ratio indicates that there may be room for better resource utilization in generating funds. Overall, the Shared Ascent Fund stands out as a financially transparent and accountable organization, though enhancing fundraising strategies could further improve its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Shared Ascent Fund legitimate?
Shared Ascent Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shared Ascent Fund 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: $32,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,797,173
For more financial information, click here
Official website here: www.sharedascentfund.org
What is the mission statement of Shared Ascent Fund?
The Shared Ascent Fund's mission is centered around promoting the common good and upholding democratic values. It strives to enhance health care policies and access for all, and works towards combating systemic racism in America. In addition to grantmaking, the Shared Ascent Fund serves as a fiscal sponsor, providing administrative services to organizations such as the Student Borrower Protection Center and the Coalition to Expand Contraceptive Access. These organizations are dedicated to protecting student loan borrowers and halting abuses in the student loan industry, respectively, and expanding contraceptive access to advance sexual and reproductive health equity and reproductive quality of life for all individuals.
Official website here: www.sharedascentfund.org
Who is the CEO of Shared Ascent Fund?
Avi Garbow is the Dir., President of Shared Ascent Fund.
Official website here: www.sharedascentfund.org
What is the revenue of Shared Ascent Fund?
Shared Ascent Fund's revenue in 2022 was $6,441,198.
Official website here: www.sharedascentfund.org
Who are the executives of Shared Ascent Fund and what are their salaries?
The average compensation at Shared Ascent Fund during 2022 was $78,602. There are 36 employees and 6 volunteers at Shared Ascent Fund.
Here are 15 key members and their salaries:
- Compensation: $16,540
- Related: $74,433
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $8,031
- Related: $27,150
- Other: $0
- Compensation: $5,574
- Related: $18,183
- Other: $0
- Compensation: $2,363
- Related: $16,145
- Other: $0
- Compensation: $304,844
- Related: $0
- Other: $31,089
- Compensation: $229,914
- Related: $0
- Other: $34,506
- Compensation: $207,110
- Related: $0
- Other: $19,242
- Compensation: $189,350
- Related: $0
- Other: $10,367
- Compensation: $157,035
- Related: $0
- Other: $18,287
Official website here: www.sharedascentfund.org
Where can I find the form 990 for Shared Ascent Fund?
Shared Ascent Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sharedascentfund.org
Learn more at the official website: www.sharedascentfund.org
Mission Statement of Shared Ascent Fund
The Shared Ascent Fund, a nonprofit organization, is dedicated to promoting the common good by upholding democratic values, advocating for health, and advancing social equity. In line with this mission, the Shared Ascent Fund has supported initiatives aimed at maintaining and strengthening voting rights, enhancing healthcare policies, and counteracting systemic racism in America. Beyond grant-making, this organization serves as a fiscal sponsor, offering administrative services such as human resources, legal, financial, and technological support to organizations like the Student Borrower Protection Center. The Student Borrower Protection Center has been leading a nationwide effort to safeguard student loan borrowers and halt the widespread abuses prevalent in the student loan industry. Additionally, the Shared Ascent Fund supports the Coalition to Expand Contraceptive Access, an organization that works to expand contraceptive access by leveraging policy and research to advance sexual and reproductive health equity and improve the reproductive quality of life for all individuals.
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Impact
July, 2024
Shared Ascent Fund's impact can be seen in its efforts to maintain and strengthen voting rights, improve healthcare policies and access for all, and address systemic racism in America. In addition to providing grants, Shared Ascent Fund serves as a fiscal sponsor, offering administrative services to organizations like the Student Borrower Protection Center and the Coalition to Expand Contraceptive Access. By supporting these initiatives, Shared Ascent Fund contributes to the protection of student loan borrowers and the expansion of contraceptive access, ultimately working towards promoting social equity and upholding democratic values.
This information is meant to be a general summary of Shared Ascent Fund. 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: $7,008
- Program Service Revenue: $406,350
- Gross Receipts: $8,896,430
Assets and Liabilities:
- Total Assets: $4,259,803
- Total Liabilities: $952,607
- Net Assets: $3,307,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$406,350
Organization Details
Founding Year
2019
Phone
(916) 442-5057Principal Officer
Avi Garbow
Main Address
400 CAPITOL MALL 2150, SACRAMENTO, CA, 95814
Website
www.sharedascentfund.orgNTEE Category
Code: R99 - Civil rights
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