Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
29 people listed on the 990; $1.6M paid to officers and key staff.
Paul Quintero’s $372K as CEO is at the 65th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Paul Quintero | $371,626 | $388,360 | $438,111 | $387,981 | $361,266 | $290,800 |
| Ana Hammock | $247,000 | $232,273 | $241,866 | $185,053 | — | — |
| Joshua Brackett | $187,520 | $192,403 | $146,666 | — | — | — |
| Jennifer Spaziano | $157,170 | $162,273 | $181,352 | $142,439 | $143,893 | — |
| Ana I Hammock | — | — | — | — | $180,020 | $159,961 |
| Andrea Ierace | $161,072 | $165,131 | $176,998 | $133,171 | — | — |
| Fabiana a Estrada | $144,130 | $148,397 | $171,609 | $149,979 | $137,521 | $114,042 |
| Victoria N Richardson | $157,429 | $159,421 | $171,035 | $137,420 | $141,086 | $110,296 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers low-to-moderate income business owners with capital and financial education to build assets and create jobs.
Questions for Ascendus INC
Your first name shows with your question. Ascendus INC answers here, for everyone.
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Ascendus has two primary programs, the largest of which is the provision of business loans and development services to entrepreneurs. We serve low-to moderate-income and underserved entrepreneurs who lack access to mainstream credit sources.
In the second program, ascendus participates in partnership programs where loans are originated and portions are sold to the partner organization. This program provides both a liqudity and risk mitigation allowing ascendus to make more loans serving more clients than it would without these programs.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $25.1M | $17.9M |
| Land, buildings, equipmentLn 10c | $11K | $3K |
| Total assetsLn 16 | $61.5M | $53.4M |
| LiabilitiesLn 26 | $47.2M | $37.4M |
| Net assetsLn 32 | $14.4M | $16.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $910K | $471K | $332K | $108K |
| Other salaries and wagesLn 7 | $3.6M | $2.3M | $834K | $454K |
| Pension plan contributionsLn 8 | $124K | $78K | $32K | $15K |
| Other employee benefitsLn 9 | $832K | $562K | $170K | $100K |
| Payroll taxesLn 10 | $336K | $217K | $82K | $37K |
| Management feesLn 11a | $175K | $142K | $4K | $29K |
| Legal feesLn 11b | $65K | $65K | ||
| Accounting feesLn 11c | $139K | $66K | $62K | $12K |
| Other fees for servicesLn 11g | $15K | $584 | $8K | $6K |
| Advertising and promotionLn 12 | $3K | $422 | $3K | |
| Office expensesLn 13 | $8K | $2K | $3K | $3K |
| Information technologyLn 14 | $993K | $823K | $149K | $20K |
| OccupancyLn 16 | $158K | $118K | $32K | $8K |
| TravelLn 17 | $107K | $48K | $25K | $34K |
| Conferences, conventions and meetingsLn 19 | $7K | $175 | $5K | $2K |
| InterestLn 20 | $1.4M | $1.4M | ||
| Depreciation, depletion and amortizationLn 22 | $48K | $40K | $6K | $1K |
| InsuranceLn 23 | $103K | $80K | $21K | $1K |
| Other expenses (24a–d)Ln 24 | $4.2M | $4.1M | $107K | $2K |
| Total functional expensesLn 25 | $13.2M | $10.5M | $1.9M | $834K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $14.8M | $13.2M | $1.6M | $16.0M | 990 PDF |
| FY2024 | $12.2M | $15.8M | −$3.6M | $14.4M | 990 PDF |
| FY2023 | $10.6M | $13.2M | −$2.5M | $18.0M | 990 PDF |
| FY2022 | $13.4M | $9.1M | $4.3M | $20.8M | 990 PDF |
| FY2021 | $14.6M | $7.8M | $6.8M | $16.4M | 990 PDF |
| FY2020 | $12.4M | $9.2M | $3.2M | $8.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $14,826,378 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $14,826,378 across 6 lines filed
Part IX · Statement of functional expenses $13,244,280 across 19 lines filed
Part X · Balance sheet $53,358,328 assets, 18 lines filed
Part XI · Reconciliation of net assets $15,953,860 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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