EIN 65-1284462

Ascend Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
2006
Most recent tax filings
2023-09-01
Description
The Ascend Foundation is a non-profit organization with a mission to drive and support initiatives for the API community in all major global industries. It delivers educational initiatives and facilitates networking opportunities through Ascend Pinnacle, which focuses on Pan-Asian corporate board directors, and supports anti-racism advocacy through the Ascend Impact Fund. The organization is located in New York, NY.
Related structure
Ascend Foundation is a subordinate organization under Ascend.
Total revenues
$2,692,910
2023
Total expenses
$1,312,130
2023
Total assets
$7,258,000
2023
Num. employees
7
2023

Program areas at Ascend Foundation

Other miscellanesous programs:ASCEND Foudation, INC. PROVIDES OTHER MISCELLANEOUS PROGRAMS IN AN EFFORT TO CULTIVATE AND ADVANCE PAN-ASIAN PROFESSIONALS.
Ascend PinnacleAscend Pinnacle is an initiative focused on Pan-Asian corporate board directors that aims to further support and strengthen networking amongst the group, sharing common business interests, and developing candidates for future Board service. The vision of Ascend Pinnacle is to help corporations enhance their business objectives by increasing the number of Asian American corporate board directors. Ascend Pinnacle was launched in 2014 and is the only network of its kind. Ascend Pinnacle hosts the Asian Corporate Directors Summit, an annual event for Asian American experienced corporate directors and senior corporate executives; the Aspiring Director Academy (ADA), a year round cohort based Board readiness program for senior executives who aspire to join a public company or large private company board in the next 1-3 years; regional roundtable events held in major cities throughout the year; and engages in thought leadership regarding corporate board issues.

Who funds Ascend Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$275,403
The Coca-Cola FoundationWomen of Ascend Leadership Development Program for Aapi Women$250,000
Ernst & Young FoundationGeneral Support$150,000
...and 16 more grants received

Personnel at Ascend Foundation

NameTitleCompensation
Lawrence LowChief Operating Officer$0
Peyen FongDirector$140,000
Jeff ChinTreasurer$0
Anna MokPresident$0
Larry LowPast Chief Operating Officer$0
...and 1 more key personnel

Financials for Ascend Foundation

RevenuesFYE 09/2023
Total grants, contributions, etc.$2,454,852
Program services$113,500
Investment income and dividends$124,839
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-281
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,692,910

Form 990s for Ascend Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-13990View PDF
2022-092023-08-14990View PDF
2021-092022-08-12990View PDF
2020-092021-08-12990View PDF
2019-092020-09-25990View PDF
...and 15 more Form 990s
Data update history
November 25, 2024
Received grants
Identified 3 new grant, including a grant for $11,742 from The Blackbaud Giving Fund
September 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 21, 2024
Updated personnel
Identified 2 new personnel
July 16, 2024
Received grants
Identified 3 new grant, including a grant for $150,000 from Ernst & Young Foundation
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $275,403 from American Online Giving Foundation
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvement
Characteristics
Partially liquidatedFundraising eventsState / local levelProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
160 Broadway 6th FL E Building
New York, NY 10038
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Phone
(212) 248-4888
IRS details
EIN
65-1284462
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S00: Community Improvement, Capacity Building: General
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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