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EIN 83-4584093

Shared Ascent Fund

IRS 501(c) type
501(c)(3)
Num. employees
55
City
Sacramento
State
California
Year formed
2019
Most recent tax filings
2023-12-01
NTEE code, primary
R00: Civil Rights, Social Action, Advocacy: General
Description
The Shared Ascent Fund upholds democratic values, promotes health, and advances social equity in order to promote the common good. In 2021, the fund supported efforts that maintained and strengthened voting rights, improved access to healthcare policies for all, and countered systemic racism in America. Besides grantmaking, the fund also serves as a fiscal sponsor.
Related structure
Shared Ascent Fund is a subordinate organization under Fund for A Better Future.
Total revenues
$8,389,901
2023
Total expenses
$5,869,114
2023
Total assets
$7,484,913
2023
Num. employees
55
2023

Program areas at Shared Ascent Fund

In 2023, Shared Ascent Fund (saf) supported efforts to maintain and strengthen voting rights; strengthen health care policies and access for all; and counter systemic racism in america. In addition to grantmaking, saf serves as fiscal sponsor--providing administrative (human resources, legal, financial, technology) services--of the student borrower protection center, which has been successfully leading a nationwide effort to protect student loan borrowers and halt widespread abuses by the student loan industry, and to the coalition to expand contraceptive access, which works to expand contraceptive access by leveraging policy and research to advance sexual and reproductive health equity and reproductive quality of life for all individuals.

Grants made by Shared Ascent Fund

GranteeGrant descriptionAmount
Campaign Legal CenterGeneral Support$250,000
Citizens for Responsibility and Ethics in Washington (CREW)General Support$250,000
Constitutional Accountability Center (CAC)General Support$100,000
...and 1 more grant made

Who funds Shared Ascent Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Susan Thompson Buffett FoundationProgram Support$1,488,065
Sandler FoundationStudent Borrower Protection Center$1,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$500,000
...and 7 more grants received

Personnel at Shared Ascent Fund

NameTitleCompensation
Christopher KimChief Executive Officer
Rosina BugarinTreasurer and Chief Financial Officer$15,039
Katherine WelbeckAdvocacy Director , STDT Borr Center$157,035
Michael PierceDirector , Student Borrowing CTR.$229,914
Persis Siching YuPol Director and Counsel , STDT Borr CTR.$189,350
...and 9 more key personnel

Financials for Shared Ascent Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$7,587,480
Program services$800,999
Investment income and dividends$4,432
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,000
Net gain from sale of non-inventory assets$-4,010
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$8,389,901

Form 990s for Shared Ascent Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-11990View PDF
2022-122023-10-12990View PDF
2021-122022-10-24990View PDF
2020-122021-10-20990View PDF
2019-122022-01-05990View PDF
Data update history
November 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 26, 2024
Updated personnel
Identified 3 new personnel
November 26, 2024
Received grants
Identified 1 new grant, including a grant for $200,000 from Wellspring Philanthropic Fund
July 13, 2024
Received grants
Identified 6 new grant, including a grant for $1,488,065 from The Susan Thompson Buffett Foundation
December 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Social advocacy organizationsCivil rights and social justice organizationsChapter / child organizationsCharities
Issues
Voting rights
Characteristics
LobbyingNational levelReceives government fundingTax deductible donationsFiscal sponsorAccepts online donations
General information
Address
400 Capitol Mall 2150
Sacramento, CA 95814
Metro area
Sacramento-Roseville-Folsom, CA
County
Sacramento County, CA
Website URL
sharedascentfund.org/ 
Phone
(916) 442-5057
IRS details
EIN
83-4584093
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
R00: Civil Rights, Social Action, Advocacy: General
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Subordinate organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0268051
FTB Entity ID
4293629
AB 488 data last updated ("as-of") date
2024-12-31
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