Ascendus INC FY2020 filing
Empowers low-to-moderate income business owners with capital and financial education to build assets and create jobs. For fiscal year 2020 it reported $12.4M in revenue, $9.2M in expenses, and $8.8M in net assets.Pt I
- Founded
- 1996
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- New York, NY
- Website
- ascendus.org
- Filings
- 6 on file (2020–2020)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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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Where the work happens
Ascendus has two primary programs, the largest of which is the provision of microloans and development services to micro-entrepreneurs (I.E., entrepreneurs that employ five or less employees). We serve low-to moderate-income, minority, immigrant and women entrepreneurs, populations that lack access to mainstream credit sources.
Ascendus is a certified community advantage lender under the U.S. Small business administration. Through this program, ascendus offers small business loans ranging from $50,000 to $250,000 and technical assistance to small business owners in the fourteen states in which it is certified (FL, ga, SC, NC, va, MD, de, pa, NJ, ny, CT, ma, ri…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 86% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Legal fee ratio | 0.8% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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