Ascend College Prep FY2024 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)EducationEIN 85-1435725

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Ascend College Prep is a public secondary school for 11th-12th grade students

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$58K 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

FY2024 · 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 4
filings with a surplus
Average surplus $38K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
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
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $80K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$493K
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
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
$1.1M
+47% vs prior year
Spent
$975K
To programs
72%
Net assets
$124K
By yearFY2022–FY2025
Revenue
$1.1M
FY2024▲ +47%
Revenue by fiscal year
FY2022$392K
FY2023$759K
FY2024$1.1M
FY2025$1.3M
Expenses
$975K
FY2024▲ +28%
Expenses by fiscal year
FY2022$407K
FY2023$762K
FY2024$975K
FY2025$1.3M
Net assets
$124K
FY2024▲ +896%
Net assets by fiscal year
FY2022−$13K
FY2023−$16K
FY2024$124K
FY2025$155K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Oct 2021.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $703K Management & general 26% · $255K Fundraising 2% · $17K

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

9 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Principal and Director
$58,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Karin McWhorter’s $91K as Principal and Director is at the 26th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Karin McWhorter$91,054$58,000$58,000$12,000
Jennifer Staack-Kennerty$70,320———
Mary Szucs——$45,001—

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.

See Ascend College Prep executive salaries →

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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 high school juniors and seniors for college success.

Provided by the organization

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1 program · $703K · in their own filed words · FY2023
01

At Ascend, we want our students to ask "why" we want them to dig deeper into the material instead of simply replicating the work they have been shown during a class. True learning is about so much more than memorizing formulas and steps.

$703Kprogram 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 · FY2023
Daniels FundFY2023$80K
Total grants receivedfrom 1 funder$80K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$979K
Gifts and grantsLn 1h$127K
Other incomeLn 4–11$7K
Money outPt IX
$975K
Ln 25
Programscol B$703K
Managementcol C$255K
Fundraisingcol D$17K
Owns and owesPt X
$124K
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$618K
LiabilitiesLn 26$493K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Government grantsLn 1e$40K
Fees for servicesLn 2g$979K
Investment incomeLn 3$958
Other incomeLn 4–11$7K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$87K
Cash and savings togetherLn 1–2$87K
Land, buildings, equipmentLn 10c$510K
Other assetsLn 15$17K
Total assetsLn 16$618K
LiabilitiesLn 26$493K
Net assetsLn 32$124K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
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 FY24End FY24
Cash and savingsLn 1–2$85K$87K
Land, buildings, equipmentLn 10c$474K$510K
Total assetsLn 16$574K$618K
LiabilitiesLn 26$590K$493K
Net assetsLn 32−$16K$124K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$43K$7K$17K
Other salaries and wagesLn 7$73K$66K$7K
Payroll taxesLn 10$12K$11K$1K
Advertising and promotionLn 12$1K$1K$196
OccupancyLn 16$106K$90K$16K
InterestLn 20$25K$21K$4K
Depreciation, depletion and amortizationLn 22$142K$142K
InsuranceLn 23$32K$27K$5K
Other expenses (24a–d)Ln 24$480K$408K$72K
All other expensesLn 24e$36K$35K$1K
Total functional expensesLn 25$975K$703K$255K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.3M$31K$155K 990 PDF
FY2024 Viewing $1.1M$975K$140K$124K 990 PDF
FY2023 $759K$762K−$2K−$16K 990 PDF
FY2022 $392K$407K−$14K−$13K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,114,478 across 7 lines filed
VIII-1e Government grants$39,872
VIII-1f All other contributions, gifts and grants$87,248
VIII-1h Total contributions, gifts and grants$127,120
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $979,120$979,120
VIII-3 Investment incomeExcluded from tax $958$958
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,280$7,280
VIII-12 Total revenueRelated to mission $986,400 · Unrelated business $0 · Excluded from tax $958$1,114,478
Part IX · Statement of functional expenses $974,718 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,303 · Management $6,662 · Fundraising $16,653$66,618
IX-7 Other salaries and wagesPrograms $66,042 · Management $7,338$73,380
IX-10 Payroll taxesPrograms $11,207 · Management $1,245$12,452
IX-12 Advertising and promotionPrograms $1,109 · Management $196$1,305
IX-16 OccupancyPrograms $90,442 · Management $15,960$106,402
IX-20 InterestPrograms $21,094 · Management $3,723$24,817
IX-22 Depreciation, depletion and amortizationManagement $141,940$141,940
IX-23 InsurancePrograms $26,931 · Management $4,753$31,684
IX-24 Other expenses (24a–d)Programs $407,845 · Management $71,972$479,817
IX-24e All other expensesPrograms $35,134 · Management $1,169$36,303
IX-25 Total functional expensesPrograms $703,107 · Management $254,958 · Fundraising $16,653$974,718
Part X · Balance sheet $617,604 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $84,925$87,309
X-4 Accounts receivableStart of year $270$3,191
X-10c Land, buildings and equipment, netStart of year $474,168$509,824
X-15 Other assetsStart of year $14,883$17,280
X-16 Total assetsStart of year $574,246$617,604
X-17 Accounts payable and accrued expensesStart of year $30,501$4,694
X-24 Unsecured notes and loans payable$99,000
X-26 Total liabilitiesStart of year $589,845$493,443
X-27 Net assets without donor restrictionsStart of year −$37,599$93,161
X-28 Net assets with donor restrictionsStart of year $22,000$31,000
X-32 Total net assets or fund balancesStart of year −$15,599$124,161
X-33 Total liabilities and net assetsStart of year $574,246$617,604
Part XI · Reconciliation of net assets $124,161 net assets at year end
XI-1 Total revenue$1,114,478
XI-2 Total expenses$974,718
XI-3 Revenue less expenses$139,760
XI-4 Net assets at start of year−$15,599
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$124,161

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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