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EIN 11-3317234

Ascendus

IRS 501(c) type
501(c)(3)
Num. employees
54
City
New York
State
New York
Year formed
1996
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Accion East empowers low-to-moderate income entrepreneurs with access to capital, financial education, and microloans for small businesses in NYC.
Also known as...
Accion East
Total revenues
$10,641,559
2023
Total expenses
$13,189,359
2023
Total assets
$44,490,956
2023
Num. employees
54
2023

Program areas at Ascendus

Ascendus has one lending program focused on micro-entrepreneurs. The loan types offered are term loans, lines of credit, and participations. Ascendus is a community development financial institution ("cdfi"), certified by the u.s. department of the treasury, a small business administration ("sba") microloan intermediary, and a community advantage small business lending company with offices in new york and Florida, but lending across forty-nine states.

Who funds Ascendus

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Boston Foundation (TBF)Operating Support/annual Fund$936,250
Nybdc Local Development CorporationTo Address Income Inequality in New York City By Providing Capital To Businesses and Entrepreneurs in Highly Distressed Neighborhoods.$796,450
Restaurant Workers' Community FoundationTo Support the Organization's Mission.$375,000
...and 14 more grants received

Personnel at Ascendus

NameTitleCompensation
Paul QuinteroChief Executive Officer$438,111
Ana HammockChief Operating Officer$241,866
Joshua BrackettChief Financial Officer$146,666
Jennifer SpazianoSenior Vice President of Operations and Innovation$181,352
Victoria RichardsonSenior Vice President of Development and Communications$171,035
...and 15 more key personnel

Financials for Ascendus

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,182,715
Program services$5,065,545
Investment income and dividends$393,299
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,641,559

Form 990s for Ascendus

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-01990View PDF
2022-122023-10-12990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2019-122021-02-09990View PDF
...and 10 more Form 990s

Organizations like Ascendus

OrganizationLocationRevenue
DreamspringAlbuquerque, NM$25,867,927
TruFund Financial servicesNew York, NY$16,024,804
Access To Capital for EntrepreneursCleveland, GA$26,987,407
Entrepreneur FundDuluth, MN$12,753,094
Mountain BizworksAsheville, NC$6,406,300
Pathway LendingNashville, TN$45,168,768
AccessitySan Diego, CA$6,158,404
Grassroots Business Fund (GBF)Washington, DC$5,368,779
Carolina Small Business Development FundRaleigh, NC$10,484,327
CDC Small Business Finance CorporationSan Diego, CA$27,607,207
Data update history
September 22, 2024
Updated personnel
Identified 5 new personnel
September 21, 2024
Received grants
Identified 5 new grant, including a grant for $936,250 from The Boston Foundation (TBF)
May 19, 2024
Received grants
Identified 4 new grant, including a grant for $255,000 from Tides Foundation
January 3, 2024
Received grants
Identified 5 new grant, including a grant for $255,000 from Tides Foundation
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Business and industry
Characteristics
Operates internationallyReceives government fundingTax deductible donationsAccepts online donations
General information
Address
25 Broadway Floor 10
New York, NY 10004
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
ascendus.org/ 
Phone
(646) 833-4514
IRS details
EIN
11-3317234
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
California AB-488 details
AB 488 status
Not Operating or In Process of Dissolving
Charity Registration status
Withdrawn
FTB status revoked
Not revoked
AG Registration Number
None yet
FTB Entity ID
3483784
AB 488 data last updated ("as-of") date
2024-12-04
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