Ascend Learning INC

Tax-deductible

Brooklyn, NY501(c)(3)Since 2008EducationEIN 33-1200239Revenue $19.6M in FY2025

On file with the IRSascendlearning.org205 Rockaway Parkway 6th Floor, 11212-3444 · Brooklyn, NYTax-exempt since Jan 2011Publicly supported — 509(a)(2)

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To develop a scalable solution to the underachievement of economically disadvantaged children by providing a network of urban college preparatory charter schools, operating with widely available resources, and achieving academic levels equal or superior to suburban schools educating students from middle-class families.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 9 volunteers and 122 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.6M a year · 12% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 13% of spending
Top officer’s pay higher than 71% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $2.6M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.6M
+3% vs prior year
Spent
$18.1M
To programs
83%
Net assets
$15.1M
By yearFY2020–FY2025
Revenue
$19.6M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.5M
FY2021$20.2M
FY2022$19.9M
FY2023$29.0M
FY2024$19.0M
FY2025$19.6M
Expenses
$18.1M
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.5M
FY2021$16.0M
FY2022$16.5M
FY2023$24.0M
FY2024$18.9M
FY2025$18.1M
Net assets
$15.1M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$6.3M
FY2022$9.7M
FY2023$14.4M
FY2024$13.6M
FY2025$15.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $15.1M Management & general 14% · $2.5M Fundraising 3% · $497K

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

20 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer - Thru 5/2025
$334,649Pt VII · Sec A
President
$296,929Pt VII · Sec A
Chief of Schools
$243,786Pt VII · Sec A
General Counsel
$229,568Pt VII · Sec A
Senior Managing Director of Schools
$200,469Pt VII · Sec A
Managing Dir. of People Operations
$186,562Pt VII · Sec A
Managing Director of Schools
$182,723Pt VII · Sec A
Managing Dir. of Safety & Facilities
$177,697Pt VII · Sec A

Recy Dunn’s $335K as Chief Executive Officer - Thru 5/2025 is at the 71st percentile of top reported officer pay among 3683 $10–100M education 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steven Wilson——$135,402$150,000—$714,485
Susan Pollock————$21,238$398,078
Lisa Margosian———$140,675$345,678—
Recy Dunn$334,649$324,270$323,351$208,182——
Emeka Ibekweh————$316,047$307,515
Andrew Epstein Chief————$304,484—
Maryann Li$296,929$262,056$243,426$103,428——
Brandon Sorlie————$252,031$265,191

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

Helps charter schools with education, management, and facility development.

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Provided by the organization

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1 program · $15.1M · in their own filed words · FY2024
01

Ascend learning, inc. Operates as a charter management organization based in new york city and provides management and development services and facility development services for ascend charter schools, an education corporation comprised of nine charter schools.

$15.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Charter Fund INCFY2024$835K
50can INCFY2024$224K
Tiger FoundationFY2024$100K
Total grants receivedfrom 4 funders$2.6M
See all 4 funders →
Grants paid · 3 grants · $6.2M · 2020–2024
Ascend Learning INCNY · FY2024$1,448,362
Ascend Charter SchoolsNY · FY2022$3,546,263
Ascend Charter SchoolsNY · FY2020$1,250,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$19.6M
Ln 12
Fees for servicesLn 2g$16.9M
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$203K
Money outPt IX
$18.1M
Ln 25
Programscol B$15.1M
Managementcol C$2.5M
Fundraisingcol D$497K
Owns and owesPt X
$15.1M
net assets · Ln 32
Cash and savingsLn 1–2$7.6M
Total assetsLn 16$17.7M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
20
listed · VII A
PaidVII A11
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$16.9M
Investment incomeLn 3$157K
Other incomeLn 4–11$203K
Total revenueLn 12$19.6M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$4.8M
Cash and savings togetherLn 1–2$7.6M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$6.1M
Total assetsLn 16$17.7M
LiabilitiesLn 26$2.6M
Net assetsLn 32$15.1M
OperationsPt I, VI
EmployeesI 5122
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7.5M$7.6M
Land, buildings, equipmentLn 10c$3.8M$2.7M
Total assetsLn 16$17.0M$17.7M
LiabilitiesLn 26$3.4M$2.6M
Net assetsLn 32$13.6M$15.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$1.5M$1.3M$122K$61K
Pay of disqualified personsLn 6$141K$141K
Other salaries and wagesLn 7$7.7M$6.9M$488K$315K
Pension plan contributionsLn 8$121K$106K$10K$5K
Other employee benefitsLn 9$545K$480K$43K$22K
Payroll taxesLn 10$870K$766K$70K$35K
Legal feesLn 11b$46K$46K
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$1.4M$244K$1.2M$4
Advertising and promotionLn 12$762K$686K$76K
Office expensesLn 13$410K$299K$110K$2K
Information technologyLn 14$185K$171K$10K$4K
OccupancyLn 16$415K$373K$42K
TravelLn 17$162K$139K$15K$8K
Conferences, conventions and meetingsLn 19$4K$4K$431
InterestLn 20$1K$1K$111$55
Depreciation, depletion and amortizationLn 22$1.1M$944K$86K$43K
InsuranceLn 23$84K$74K$7K$3K
Other expenses (24a–d)Ln 24$1.1M$1.1M$19K
All other expensesLn 24e$882$882
Total functional expensesLn 25$18.1M$15.1M$2.5M$497K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $19.6M$18.1M$1.5M$15.1M 990 PDF
FY2024 $19.0M$18.9M$138K$13.6M 990 PDF
FY2023 $29.0M$24.0M$4.9M$14.4M 990 PDF
FY2022 $19.9M$16.5M$3.4M$9.7M 990 PDF
FY2021 $20.2M$16.0M$4.3M$6.3M 990 PDF
FY2020 $18.5M$17.5M$1.1M$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $19,602,469 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,149,770$2,312,152
I-9 Program service revenuePrior year $16,685,980$16,930,511
I-10 Investment incomePrior year $174,085$156,788
I-11 Other revenuePrior year $5,924$203,018
I-12 Total revenuePrior year $19,015,759$19,602,469
I-13 Grants and similar amounts paidPrior year $0$1,448,362
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,886,952$10,931,051
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,990,808$5,726,859
I-18 Total expensesPrior year $18,877,760$18,106,272
I-19 Revenue less expensesPrior year $137,999$1,496,197
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,602,469 across 7 lines filed
VIII-1e Government grants$1,185,151
VIII-1f All other contributions, gifts and grants$1,127,001
VIII-1h Total contributions, gifts and grants$2,312,152
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,930,511$16,930,511
VIII-3 Investment incomeExcluded from tax $156,788$156,788
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $203,018$203,018
VIII-12 Total revenueRelated to mission $16,930,511 · Unrelated business $0 · Excluded from tax $359,806$19,602,469
Part IX · Statement of functional expenses $18,106,272 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $1,448,362$1,448,362
IX-5 Pay of current officers, directors and key staffPrograms $1,347,248 · Management $122,477 · Fundraising $61,239$1,530,964
IX-6 Pay of disqualified personsManagement $141,127$141,127
IX-7 Other salaries and wagesPrograms $6,920,516 · Management $488,011 · Fundraising $314,569$7,723,096
IX-8 Pension plan contributionsPrograms $106,482 · Management $9,680 · Fundraising $4,840$121,002
IX-9 Other employee benefitsPrograms $479,665 · Management $43,325 · Fundraising $21,733$544,723
IX-10 Payroll taxesPrograms $765,723 · Management $69,611 · Fundraising $34,805$870,139
IX-11b Legal feesManagement $45,672$45,672
IX-11c Accounting feesManagement $29,740$29,740
IX-11g Other fees for servicesPrograms $244,333 · Management $1,188,497 · Fundraising $4$1,432,834
IX-12 Advertising and promotionPrograms $685,549 · Management $76,172$761,721
IX-13 Office expensesPrograms $298,833 · Management $109,884 · Fundraising $1,670$410,387
IX-14 Information technologyPrograms $170,740 · Management $10,184 · Fundraising $4,494$185,418
IX-16 OccupancyPrograms $372,750 · Management $42,054$414,804
IX-17 TravelPrograms $139,222 · Management $15,075 · Fundraising $7,538$161,835
IX-19 Conferences, conventions and meetingsPrograms $3,845 · Management $431$4,276
IX-20 InterestPrograms $1,218 · Management $111 · Fundraising $55$1,384
IX-22 Depreciation, depletion and amortizationPrograms $944,264 · Management $85,842 · Fundraising $42,922$1,073,028
IX-23 InsurancePrograms $73,827 · Management $6,712 · Fundraising $3,356$83,895
IX-24 Other expenses (24a–d)Programs $1,101,690 · Management $19,293$1,120,983
IX-24e All other expensesPrograms $882$882
IX-25 Total functional expensesPrograms $15,105,149 · Management $2,503,898 · Fundraising $497,225$18,106,272
Part X · Balance sheet $17,723,163 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,543,717$2,807,884
X-2 Savings and temporary cash investmentsStart of year $4,939,493$4,773,736
X-3 Pledges and grants receivableStart of year $1,095,111$1,242,670
X-9 Prepaid expenses and deferred chargesStart of year $344,871$73,691
X-10c Land, buildings and equipment, netStart of year $3,779,211$2,726,532
X-15 Other assetsStart of year $4,294,369$6,098,650
X-16 Total assetsStart of year $16,996,772$17,723,163
X-17 Accounts payable and accrued expensesStart of year $2,759,152$2,292,226
X-19 Deferred revenue$197,120
X-24 Unsecured notes and loans payableStart of year $600,000$100,000
X-26 Total liabilitiesStart of year $3,359,152$2,589,346
X-27 Net assets without donor restrictionsStart of year $13,637,620$15,133,817
X-32 Total net assets or fund balancesStart of year $13,637,620$15,133,817
X-33 Total liabilities and net assetsStart of year $16,996,772$17,723,163
Part XI · Reconciliation of net assets $15,133,817 net assets at year end
XI-1 Total revenue$19,602,469
XI-2 Total expenses$18,106,272
XI-3 Revenue less expenses$1,496,197
XI-4 Net assets at start of year$13,637,620
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,133,817

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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