Ascend INC FY2020 filing

New York, NY · Business league / trade association · Since 2004

! Not tax-deductible
Revenue
$2.2M
Spent
$2.1M
To programs
82%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$2.2M
FY2020
Revenue by fiscal year
FY2020$2.2M
FY2021$3.2M
FY2022$4.3M
FY2023$6.5M
FY2023$7.0M
FY2024$6.2M
Expenses
$2.1M
FY2020
Expenses by fiscal year
FY2020$2.1M
FY2021$1.8M
FY2022$3.6M
FY2023$4.8M
FY2023$5.6M
FY2024$7.2M
Net assets
$3.4M
FY2020
Net assets by fiscal year
FY2020$3.4M
FY2021$4.9M
FY2022$5.2M
FY2023$7.2M
FY2023$8.3M
FY2024$7.7M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAscend INC
EINHdr · item D51-0527847
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFOct 2005
Year of formationHdr · item L2004
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.ascendleadership.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program services82%$1.8M
Management & general12%$261K
Fundraising6%$121K
Total functional expensesLn 25$2.1M

Financial health

Is it on solid ground?

Operating surplus
+4%
revenue over expenses
Earned revenue
84%
of revenue from program services & dues
Payroll share
49%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$4.0M
FY2020
Total assets by fiscal year
FY2020$4.0M
FY2021$5.6M
FY2022$6.3M
FY2023$7.8M
FY2023$9.0M
FY2024$8.3M
Total liabilities
$603K
FY2020
Total liabilities by fiscal year
FY2020$603K
FY2021$710K
FY2022$1.0M
FY2023$634K
FY2023$744K
FY2024$600K
Revenue less expensesPt I · Ln 19$89K
Total assetsPt X · Ln 16$4.0M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$4.0M
Total liabilitiesLn 26$603K
Total net assetsLn 32$3.4M
Months of cash on handcomputed6.3

Statement of Revenue

Part VIII
Program service revenue$1.9M · 84%
Investment income$193K · 9%
Contributions & grants$164K · 7%
Program service revenue84%$1.9M
Investment income9%$193K
Contributions & grants7%$164K
Total revenueLn 12$2.2M

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.7M · Operating expenses/yr $2.1M
20.7 months
Where the money goes
Program services
Program services $1.8M · Total expenses $2.1M
82%
Management & General
Management & general $261K · Total expenses $2.1M
12%
Fundraising
Fundraising $121K · Total expenses $2.1M
6%
Cost to raise $1
Fundraising expense $121K · Solicited contributions $164K
$0.74 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $164K · Total revenue $2.2M
7%
Government reliance
Government grants — · Total revenue $2.2M
—
Earned-income share
Program service revenue $1.9M · Total revenue $2.2M
84%
Investment reliance
Investment income $193K · Total revenue $2.2M
+9%
Program self-sufficiency
Program service revenue $1.9M · Total expenses $2.1M
87%
Growth & trend
Revenue growth (YoY)
This year $2.2M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.2M · Expenses $2.1M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $4.0M
—
Net-asset ratio
Net assets $3.4M · Total assets $4.0M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.6M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.0M
63%
People & payroll
Highest Reported Total Compensation
Individual Peyen Fong · Reported title National Advisor · Highest reported compensation $135K · Total expenses $2.1M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $2.1M
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 12%——
Fundraising cost ratio 74%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1.0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
National Advisor
$135,100Pt VII · Sec A
National Director
$132,900Pt VII · Sec A
National Director
$121,454Pt VII · Sec A
National Director
$120,000Pt VII · Sec A
VP of IA
$0Pt VII · Sec A
VP of Ch. Aff.
$0Pt VII · Sec A
VP of Stu. Aff.
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021FY2020
Lawrence Low——$200,000———
Tifanny Papish$134,000$140,125$124,000$134,000$124,000$120,000
Allison Graham$133,800$137,692————
Katherine Lee$132,829$136,971$124,000—$118,603—
Peyen Fong———$83,160$110,490$135,100
Robina Singh$131,250$134,736$115,000$105,000——
Anna W Kronthal—————$132,900
Kathy Lee———$130,900—$121,454

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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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers Asian American business leaders through networking, mentorship, and scholarships.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.7M of program spending, described in the organization's own filed words · FY2019.
01

Ascend National Convention

Ascend national convention and career fair is the largest gathering of pan-asian business leaders and professionals in north america. 3,000+ top industry leaders, senior executives and professionals, along with mbas and undergraduate students representing 250+ corporations and universities participate in three days of leadership and…

$1.1Mprogram expense
02

Professional and Student Chapters

Ascend Inc.'s professional chapters organize a variety of local events and social mixers, and deliver local programs such as professional development workshops, regional conferences and mentoring programs. Professional chapters also encourage and promote civic engagement through community service.

$522Kprogram expense
03

Executive Insight Series

The executive insight series (eis) assists high-potential pan-asian managers, senior professionals and young executives attain leadership roles in major north american corporations. Eis provides insight into key characteristics, specific behaviors, competencies, and experiences required to reach the executive level.

$113Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$12K
Grants paid · 3 grants · $21K · 2019–2020
Pratham USATX · FY2020$6,127
Unitemized GrantFY2019$10,000
Unitemized GrantFY2019$4,500

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $6.2M$7.2M-11% 990 PDF
FY2023 $6.5M$4.8M+53% 990 PDF
FY2022 $4.3M$3.6M+34% 990 PDF
FY2021 $3.2M$1.8M+43% 990 PDF
FY2020 Viewing $2.2M$2.1M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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