Overview
What is Ascend Cares Foundation?
The Ascend Cares Foundation is a charitable organization headquartered in Houston, Texas, with a mission to contribute to the communities where Ascend Performance Materials operates. They achieve this by funding various nonprofit programs and projects, benefiting the less fortunate and the community at large. The foundation provides aid to victims of natural or civil disasters or emergency hardships, supporting relief organizations in their efforts. Furthermore, Ascend Cares Foundation offers scholarships and supports numerous not-for-profit organizations, focusing on children's health and safety, education, housing, hunger, and the military. The corporation also coordinates volunteers and provides financial support to 501(c)(3) organizations that share these causes.
Official website here: www.ascendmaterials.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Ascend Cares Foundation has received a One-Star rating from Charity Navigator, indicating substantial concerns regarding its accountability and financial practices. With an overall score of 58%, the organization exhibits significant weaknesses, particularly regarding board independence and financial transparency. The foundation does not have any independent board members, which raises questions about governance and oversight.
Despite these deficiencies, the organization does demonstrate a strong program expense ratio of 100%, suggesting that all funds are directed towards its programs. Additionally, it has a favorable liabilities to assets ratio of 41.73%, indicating a manageable level of debt relative to its resources. However, the absence of critical policies, such as a whistleblower policy and document retention protocols, highlights potential risks in its operational practices.
Overall, while Ascend Cares Foundation appears to effectively allocate its financial resources to its mission, the lack of independent oversight and incomplete financial documentation could undermine public trust and accountability. Potential donors and stakeholders should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ascend Cares Foundation legitimate?
Ascend Cares Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascend Cares Foundation 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:
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Official website here: www.ascendmaterials.com
What is the mission statement of Ascend Cares Foundation?
The Ascend Cares Foundation is established with a charitable, scientific, and educational purpose, falling under Section 501(C)(3) of the Internal Revenue Code of 1986. Primarily, the foundation provides aid to individuals and communities affected by natural or civil disasters and emergency hardships, supporting the efforts of relief organizations. In addition, Ascend Cares coordinates volunteers and offers financial assistance to various not-for-profit organizations that focus on children's health and safety, education, housing, hunger, and military support.
Official website here: www.ascendmaterials.com
What is the revenue of Ascend Cares Foundation?
Ascend Cares Foundation's revenue in 2023 was $1,735,776.
Official website here: www.ascendmaterials.com
Who are the executives of Ascend Cares Foundation and what are their salaries?
There 1650 volunteers at Ascend Cares Foundation.
Here are 9 key members and their salaries:
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Official website here: www.ascendmaterials.com
Where can I find the form 990 for Ascend Cares Foundation?
Ascend Cares Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ascendmaterials.com
Learn more at the official website: www.ascendmaterials.com
Mission Statement of Ascend Cares Foundation
Ascend Cares Foundation, a charitable organization, is dedicated to operating for purposes that fall under the category of charitable, scientific, and educational pursuits, as defined by Section 501(c)(3) of the Internal Revenue Code of 1986. This organization is committed to providing aid to individuals who have been affected by natural or civil disasters or emergency hardships. In addition, Ascend Cares Foundation supports the efforts of relief organizations that share its mission of aiding victims of such calamities.
Beyond disaster relief, Ascend Cares Foundation also coordinates volunteers and provides financial support to various 501(c)(3) organizations that focus on supporting children's health and safety, education, housing, hunger, and the military. By doing so, the foundation contributes to the well-being of numerous communities and families, ensuring they have access to essential resources and opportunities.
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Impact
July, 2024
Ascend Cares Foundation's impact can be seen in the support it provides to victims of natural or civil disasters, emergency hardships, and relief organizations. The foundation also contributes to scholarships and various nonprofit organizations, benefiting the needy and the community overall. With a focus on charitable, scientific, and educational purposes, Ascend Cares Foundation coordinates volunteers, offers financial aid, and collaborates with 501(c)(3) organizations to address children's health and safety, education, housing, hunger, and military support. Overall, Ascend Cares Foundation plays a significant role in making a positive difference in the face of adversity and in supporting vulnerable populations.
This information is meant to be a general summary of Ascend Cares Foundation. 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 2023.
- Gross Receipts: $1,879,812
Assets and Liabilities:
- Total Assets: $729,356
- Total Liabilities: $304,429
- Net Assets: $424,927
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Organization Details
Founding Year
2011
Principal Officer
Andrew Ralston
Website
www.ascendmaterials.comNTEE Category
Code: M122 - Public safety
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