Ascent Classical Foundation: Nonprofit Profile, Financials & Form 990 (EIN 86-3943208)

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $47K Management & general 0% · $113

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Derec Shuler

President

$0Pt VII · Sec A

Stacey Bowman

Secretary

$0Pt VII · Sec A

Chris Scott

Treasurer

$0Pt VII · Sec A

See Ascent Classical Foundation executive salaries →

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

Ascent Classical Foundation is a nonprofit organization based in Golden, CO.

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1 program · $47K · in their own filed words · FY2022

01

The Ascent Classical Foundation supports and promotes classical education by assisting to expand educational options for families desiring their children to learn in a content-rich, liberal arts environment.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-3943208) · Dispute this line

$47Kprogram 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$350K

Total grants receivedfrom 1 funder$350K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$296K

Ln 12

Gifts and grantsLn 1h$296K

Money outPt IX

$48K

Ln 25

Programscol B$47K

Managementcol C$113

Owns and owesPt X

$249K

net assets · Ln 32

Cash and savingsLn 1–2$296K

Total assetsLn 16$296K

LiabilitiesLn 26$47K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$296K

Total revenueLn 12$296K

Assets in detailPt X, end of year

CashLn 1$296K

Cash and savings togetherLn 1–2$296K

Total assetsLn 16$296K

LiabilitiesLn 26$47K

Net assetsLn 32$249K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2		$296K
Total assetsLn 16	$0	$296K
LiabilitiesLn 26	$0	$47K
Net assetsLn 32	$0	$249K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$37K	$37K
Accounting feesLn 11c	$1K	$1K
Other fees for servicesLn 11g	$245	$132	$113
Advertising and promotionLn 12	$1K	$1K
Travel and entertainment for public officialsLn 18	$8K	$8K
Other expenses (24a–d)Ln 24	$145	$145
Total functional expensesLn 25	$48K	$47K	$113	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest ViewingFiled with the IRS May 11, 2023	$296K	$48K	$249K	$249K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $296,275 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$296,275

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $0$296,275

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$47,550

I-18 Total expensesPrior year $0$47,550

I-19 Revenue less expensesPrior year $0$248,725

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $296,275 across 3 lines filed

VIII-1f All other contributions, gifts and grants$296,275

VIII-1h Total contributions, gifts and grants$296,275

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$296,275

Part IX · Statement of functional expenses $47,550 across 6 lines filed

IX-11b Legal feesPrograms $36,786$36,786

IX-11c Accounting feesPrograms $1,224$1,224

IX-11g Other fees for servicesPrograms $132 · Management $113$245

IX-12 Advertising and promotionPrograms $1,317$1,317

IX-18 Travel and entertainment for public officialsPrograms $7,833$7,833

IX-24 Other expenses (24a–d)Programs $145$145

IX-25 Total functional expensesPrograms $47,437 · Management $113 · Fundraising $0$47,550

Part X · Balance sheet $296,042 assets, 7 lines filed

X-1 Cash, non-interest-bearing$296,042

X-16 Total assetsStart of year $0$296,042

X-17 Accounts payable and accrued expenses$47,317

X-26 Total liabilitiesStart of year $0$47,317

X-27 Net assets without donor restrictions$248,725

X-32 Total net assets or fund balancesStart of year $0$248,725

X-33 Total liabilities and net assetsStart of year $0$296,042

Part XI · Reconciliation of net assets $248,725 net assets at year end

XI-1 Total revenue$296,275

XI-2 Total expenses$47,550

XI-3 Revenue less expenses$248,725

XI-4 Net assets at start of year$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$248,725

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Ascent Classical Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ascent Classical Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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