Ascent College FY2021 filing

Tax-deductible

Gainesville, VA501(c)(3)ReligionEIN 54-1851377Revenue $451K in FY2021

On file with the IRSascent.eduPo Box 690, 20156-0690 · Gainesville, VATax-exempt since Feb 1995School — 170(b)(1)(A)(ii)

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We provide Post-Secondary education from a Biblical perspective in order to prepare students, spiritually, practically and academically for professional and lay ministry.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$27K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
2 of 5
filings with a surplus
Average deficit $6K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$451K
Spent
$485K
To programs
74%
Net assets
$106K
By yearFY2021–FY2025
Revenue
$451K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$451K
FY2022$675K
FY2023$903K
FY2024$715K
FY2025$873K
Expenses
$485K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$485K
FY2022$657K
FY2023$761K
FY2024$828K
FY2025$918K
Net assets
$106K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$106K
FY2022$124K
FY2023$267K
FY2024$154K
FY2025$108K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1995.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $361K Management & general 23% · $109K Fundraising 3% · $14K

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

10 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$27,425Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Robert J Rhoden’s $38K as President is at the 39th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Robert J Rhoden$38,500$45,000$48,000$51,424$27,425
Jacob Al Hassan—$7,900$4,700——

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

Prepares students spiritually, practically, and academically for ministry through biblical post-secondary education.

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Provided by the organization

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1 program · $361K · in their own filed words · FY2020
01

We provide Post-Secondary education from a Biblical perspective in order to prepare students, spiritually, practically and academically for professional and lay ministry.

$361Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$451K
Ln 12
Fees for servicesLn 2g$254K
Gifts and grantsLn 1h$196K
Other incomeLn 4–11$212
Money outPt IX
$485K
Ln 25
Programscol B$361K
Managementcol C$109K
Fundraisingcol D$14K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$146K
LiabilitiesLn 26$40K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Government grantsLn 1e$52K
Fees for servicesLn 2g$254K
Investment incomeLn 3$120
Other incomeLn 4–11$212
Total revenueLn 12$451K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$94K
Total assetsLn 16$146K
LiabilitiesLn 26$40K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 58
VolunteersI 646
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$29K$37K
Land, buildings, equipmentLn 10c$103K$94K
Total assetsLn 16$157K$146K
LiabilitiesLn 26$17K$40K
Net assetsLn 32$140K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$27K$27K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$114K$56K$43K$14K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$674$674
Accounting feesLn 11c$28K$14K$14K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$902$742$160
Office expensesLn 13$1K$1K
Information technologyLn 14$8K$8K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$6K$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$194K$194K
All other expensesLn 24e$90K$73K$17K
Total functional expensesLn 25$485K$361K$109K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $873K$918K−$45K$108K 990 PDF
FY2024 $715K$828K−$113K$154K 990 PDF
FY2023 $903K$761K$143K$267K 990 PDF
FY2022 $675K$657K$18K$124K 990 PDF
FY2021 Viewing $451K$485K−$34K$106K 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 FY2021 990 (6 parts)
Part I · Summary $450,743 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,059$196,155
I-9 Program service revenuePrior year $164,759$254,256
I-10 Investment income$120
I-11 Other revenuePrior year $2,679$212
I-12 Total revenuePrior year $224,497$450,743
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $70,415$141,013
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $180,381$343,590
I-18 Total expensesPrior year $250,796$484,603
I-19 Revenue less expensesPrior year −$26,299−$33,860
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $450,743 across 7 lines filed
VIII-1e Government grants$51,577
VIII-1f All other contributions, gifts and grants$144,578
VIII-1h Total contributions, gifts and grants$196,155
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$254,256
VIII-3 Investment income$120
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$212
VIII-12 Total revenue$450,743
Part IX · Statement of functional expenses $484,603 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $27,425$27,425
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $56,429 · Management $43,082 · Fundraising $14,077$113,588
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $674$674
IX-11c Accounting feesPrograms $14,061 · Management $14,061$28,122
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $742 · Fundraising $160$902
IX-13 Office expensesManagement $1,395$1,395
IX-14 Information technologyPrograms $7,698$7,698
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $5,591$5,591
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,034$9,034
IX-23 InsuranceManagement $5,793$5,793
IX-24 Other expenses (24a–d)Programs $194,219$194,219
IX-24e All other expensesPrograms $73,135 · Management $17,027$90,162
IX-25 Total functional expensesPrograms $360,909 · Management $109,457 · Fundraising $14,237$484,603
Part X · Balance sheet $145,771 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $29,164$15,149
X-2 Savings and temporary cash investments$21,735
X-4 Accounts receivableStart of year $24,716$14,631
X-10c Land, buildings and equipment, netStart of year $103,289$94,256
X-16 Total assetsStart of year $157,169$145,771
X-17 Accounts payable and accrued expensesStart of year $5,317$39,823
X-26 Total liabilitiesStart of year $17,361$39,823
X-27 Net assets without donor restrictionsStart of year $114,694$69,066
X-28 Net assets with donor restrictionsStart of year $25,114$36,882
X-32 Total net assets or fund balancesStart of year $139,808$105,948
X-33 Total liabilities and net assetsStart of year $157,169$145,771
Part XI · Reconciliation of net assets $105,948 net assets at year end
XI-1 Total revenue$450,743
XI-2 Total expenses$484,603
XI-3 Revenue less expenses−$33,860
XI-4 Net assets at start of year$139,808
XI-10 Net assets at end of year$105,948

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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