Ascend Cares Foundation FY2021 filing

Tax-deductible

Houston, TX501(c)(3)Public Safety & DisasterEIN 90-0709302Revenue $1.5M in FY2021

On file with the IRSascendmaterials.com/who/ascend-cares1010 Travis St Ste 900, 77002-5928 · Houston, TXTax-exempt since Aug 2011Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation shall provides aid to victims of natural or civil disasters or emergency hardships and support the efforts of relief organizations. Furthermore, the corporation provides to other 501(c)(3) charitable organizations within the communities, scholarships and support the efforts of various not for profit organizations.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$307K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+40% vs prior year
Spent
$1.1M
To programs
100%
Net assets
$641K
By yearFY2020–FY2024
Revenue
$1.5M
FY2021▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$1.3M
Expenses
$1.1M
FY2021▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.1M
FY2022$1.9M
FY2023$1.9M
FY2024$896K
Net assets
$641K
FY2021▲ +170%
Tap a bar for its year
Net assets by fiscal year
FY2020$238K
FY2021$641K
FY2022$425K
FY2023$266K
FY2024$664K

From the FY2021 Form 990 · 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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2011.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ascend Cares Foundation 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 15aNo

Programs and updates

Provides aid to disaster victims and supports charitable organizations with scholarships and relief efforts.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2021
01

The ascend cares foundation serves all areas where ascend performance materials has a presence by funding various nonprofits programs, and projects benefitting the needy and the community as a whole.

$903Kprogram expense
02

The ascend cares foundation awards scholarships based on financial need academic performance and community service. Applicants explain their financial need and community service in an essay format; payments are made directly to the school.

$164Kprogram expense
03

The purpose of the grant is to support several ascend employees and their family members during illness or disaster. To be eligible the employee fills out an application for assistance and is approved by the ascend cares committee. 38 hardship grants were given during 2021.

$50Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 173 grants · $3.8M · 2020–2024
Unitemized GrantFY2024$139,150
Unitemized GrantFY2024$86,954
Depelchin Children's CenterTX · FY2024$25,000
Alvin Independent School DistrictFY2024$18,290
Wreaths Across AmericaME · FY2024$11,509
Trees for HoustonTX · FY2024$9,901
The Womens HomeTX · FY2024$7,885
Dan's House of Hope INCTX · FY2024$7,500
United Way WorldwideVA · FY2024$7,200
See all 173 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$235K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$641K
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$948K
LiabilitiesLn 26$307K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$235K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$321K
Cash and savings togetherLn 1–2$321K
Total assetsLn 16$948K
LiabilitiesLn 26$307K
Net assetsLn 32$641K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,799
Fiscal year endsHeaderDecember
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$252K$321K
Total assetsLn 16$492K$948K
LiabilitiesLn 26$254K$307K
Net assetsLn 32$238K$641K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$903K$903K
Grants to domestic individualsLn 2$214K$214K
Professional fundraising feesLn 11e$0
Other fees for servicesLn 11g$16K$16K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$0
Conferences, conventions and meetingsLn 19$2K$2K
Total functional expensesLn 25$1.1M$1.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$896K$398K$664K 990 PDF
FY2023 $1.7M$1.9M−$159K$266K 990 PDF
FY2022 $1.7M$1.9M−$216K$425K 990 PDF
FY2021 Viewing $1.5M$1.1M$403K$641K 990 PDF
FY2020 $1.1M$1.5M−$398K$238K 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 $1,549,131 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,104,000$1,314,550
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$234,581
I-12 Total revenuePrior year $1,104,000$1,549,131
I-13 Grants and similar amounts paidPrior year $1,462,069$1,117,145
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 $39,860$28,582
I-18 Total expensesPrior year $1,501,929$1,145,727
I-19 Revenue less expensesPrior year −$397,929$403,404
Part VI · Governance 0 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,549,131 across 10 lines filed
Lines not itemized here account for $5,143 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$699,491
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$615,059
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,314,550
VIII-8 Net income from fundraising eventsUnrelated business $229,438 · Excluded from tax $0$229,438
VIII-12 Total revenueRelated to mission $0 · Unrelated business $234,581 · Excluded from tax $0$1,549,131
Part IX · Statement of functional expenses $1,145,727 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $903,361$903,361
IX-2 Grants to domestic individualsPrograms $213,784$213,784
IX-11e Professional fundraising fees$0
IX-11g Other fees for servicesPrograms $15,656$15,656
IX-12 Advertising and promotionPrograms $11,131$11,131
IX-13 Office expenses$0
IX-19 Conferences, conventions and meetingsPrograms $1,795$1,795
IX-25 Total functional expensesPrograms $1,145,727 · Management $0 · Fundraising $0$1,145,727
Part X · Balance sheet $948,154 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $252,389$320,916
X-3 Pledges and grants receivableStart of year $239,282$627,238
X-16 Total assetsStart of year $491,671$948,154
X-17 Accounts payable and accrued expensesStart of year $254,008$307,087
X-26 Total liabilitiesStart of year $254,008$307,087
X-32 Total net assets or fund balancesStart of year $237,663$641,067
X-33 Total liabilities and net assetsStart of year $491,671$948,154
Part XI · Reconciliation of net assets $641,067 net assets at year end
XI-1 Total revenue$1,549,131
XI-2 Total expenses$1,145,727
XI-3 Revenue less expenses$403,404
XI-4 Net assets at start of year$237,663
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$641,067

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

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