Ascend Foundation INC FY2021 filing
Empowers Pan-Asians in North America through research, education, and leadership development, offering scholarships. For fiscal year 2021 it reported $2.9M in revenue, $940K in expenses, and $3.1M in net assets.Pt I
- Founded
- 2006
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- New York, NY
- Filings
- 5 on file (2020–2021)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Peyen Fong’s $140K as Natl Programs & Marketing Advisor is at the 41st percentile of top reported officer pay among 2832 $1–10M 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2023 | FY2022 |
|---|---|---|---|---|
| Peyen Fong | $140,000 | $145,385 | $140,000 | $33,600 |
| Sharisse Guisao | $63,750 | — | — | — |
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
Impact Fund
The program is to Combat Anti-Asian Hate and Support National Pan-Asian Community through the following:Advocacy: Share, inform, and advance the AAPI story through a unified voice.Allyship: Foster allyship in the workplace and society through programs and partnerships to educate and increase awareness and understanding.Education: Develop…
Other Miscellanesous Programs
Ascend foudation, inc. Provides other miscellaneous programs in an effort to cultivate and advance pan-asian professionals.
Pinnacle
Pinnacle was launched by ascend foundation, inc. To focus on asian american corporate board directors on company boards. The goal is to increase the number of asian americans on fortune 1000 boards to be more reflective of the asian population in the workforce.
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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 | 83% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 3% | — | — |
| Revenue growth | 143% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0.9% | — | — |
| Accounting fee ratio | 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.
Grants
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Filings & Schedule Manifest
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Sources
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