Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
6 people listed on the 990; $145K paid to officers and key staff.
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 | FY2025 | FY2024 | 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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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
Empowers Pan-Asians in North America through research, education, and leadership development, offering scholarships.
Questions for Ascend Foundation INC
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Ascend Pinnacle and other miscellaneous programs
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.9M | $1.8M |
| InvestmentsLn 11–13 | $4.9M | $8.2M |
| Total assetsLn 16 | $7.3M | $10.3M |
| LiabilitiesLn 26 | $843K | $667K |
| Net assetsLn 32 | $6.4M | $9.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $259K | $259K | ||
| Other salaries and wagesLn 7 | $352K | $279K | $49K | $24K |
| Other employee benefitsLn 9 | $54K | $42K | $7K | $4K |
| Payroll taxesLn 10 | $31K | $25K | $4K | $2K |
| Legal feesLn 11b | $280 | $280 | ||
| Other fees for servicesLn 11g | $361K | $250K | $67K | $43K |
| Office expensesLn 13 | $65K | $22K | $5K | $38K |
| OccupancyLn 16 | $40K | $32K | $6K | $3K |
| TravelLn 17 | $32K | $19K | $13K | |
| Conferences, conventions and meetingsLn 19 | $205K | $174K | $31K | |
| InsuranceLn 23 | $3K | $2K | $711 | $964 |
| Other expenses (24a–d)Ln 24 | $13K | $3K | $2K | $8K |
| Total functional expensesLn 25 | $1.4M | $1.1M | $141K | $167K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $4.7M | $1.2M | $3.5M | $14.3M | 990 PDF |
| FY2024 Viewing | $3.1M | $1.4M | $1.7M | $9.6M | 990 PDF |
| FY2023 | $2.7M | $1.3M | $1.4M | $6.4M | 990 PDF |
| FY2022 | $2.7M | $1.1M | $1.6M | $4.5M | 990 PDF |
| FY2021 | $2.9M | $940K | $2.0M | $3.1M | 990 PDF |
| FY2020 | $1.2M | $975K | $223K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,093,397 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $3,093,397 across 6 lines filed
Part IX · Statement of functional expenses $1,414,586 across 12 lines filed
Part X · Balance sheet $10,310,030 assets, 17 lines filed
Part XI · Reconciliation of net assets $9,643,381 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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