Civic Intelligence

The Ascent Project Inc

EIN 27-1148162 • 501(c)3 • Atlanta, GA

Profile

Developing a legacy of healthy communities by supporting the potential of children and families via educational organization.

387 Joseph E Lowery Blvd 2nd FloorAtlanta, GA 30310

www.theascentproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.37x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.03x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

66th percentile

10%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

63rd percentile

15%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$83,361

Down $146,449 (-64%) from 2023

Liabilities

Up

$30,523

Up $17,575 (+136%) from 2023

Net Assets

Down

$52,838

Down $164,024 (-76%) from 2023

Revenue

Up

$1,197,452

Up $113,249 (+10%) from 2023

Expenses

Up

$1,361,476

Up $293,480 (+27%) from 2023

Net Income

Down

-$164,024

Down $180,231 (-1112%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2014: $0Liabilities 2014: $3,175Net Assets 2014: -$3,1752014Assets 2015: $0Liabilities 2015: $3,525Net Assets 2015: -$3,5252015Assets 2016: $0Liabilities 2016: $3,975Net Assets 2016: -$3,9752016Assets 2018: $8,679Liabilities 2018: $6,525Net Assets 2018: $2,1542018Assets 2019: $3,772Liabilities 2019: $4,425Net Assets 2019: -$6532019Assets 2020: $89,553Liabilities 2020: $7,796Net Assets 2020: $81,7572020Assets 2021: $71,308Liabilities 2021: $4,448Net Assets 2021: $66,8602021Assets 2022: $203,305Liabilities 2022: $2,650Net Assets 2022: $200,6552022Assets 2023: $229,810Liabilities 2023: $12,948Net Assets 2023: $216,8622023Assets 2024: $83,361Liabilities 2024: $30,523Net Assets 2024: $52,8382024

Highlighted filing

2024

Assets$83,361
Liabilities$30,523
Net Assets$52,838

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $0Expenses 2014: $225Net Income 2014: -$2252014Revenue 2015: $0Expenses 2015: $350Net Income 2015: -$3502015Revenue 2016: $0Expenses 2016: $450Net Income 2016: -$4502016Revenue 2018: $136,683Expenses 2018: $180,153Net Income 2018: -$43,4702018Revenue 2019: $297,676Expenses 2019: $300,483Net Income 2019: -$2,8072019Revenue 2020: $491,493Expenses 2020: $409,083Net Income 2020: $82,4102020Revenue 2021: $629,215Expenses 2021: $644,112Net Income 2021: -$14,8972021Revenue 2022: $904,321Expenses 2022: $770,526Net Income 2022: $133,7952022Revenue 2023: $1,084,203Expenses 2023: $1,067,996Net Income 2023: $16,2072023Revenue 2024: $1,197,452Expenses 2024: $1,361,476Net Income 2024: -$164,0242024

Highlighted filing

2024

Revenue$1,197,452
Expenses$1,361,476
Net Income-$164,024

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$1,197,452
Mission and Program Overview

Mission

Developing a legacy of healthy communities by supporting the potential of children and families via educational organization.

Developing a legacy of healthy communities by coaching, counseling, and connecting the residents to resoruces within the three pilliars : income, health, and education

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$168,662$83,361▼ $85,301
Cash and Non-Interest-Bearing Accounts$51,366$0▼ $51,366
Total Assets$229,810$83,361▼ $146,449
Other Assets Total$9,782$0▼ $9,782
Liabilities
Other Liabilities$3,828$30,523▲ $26,695
Accounts Payable and Accrued Expenses$9,120$0▼ $9,120
Total Liabilities$12,948$30,523▲ $17,575
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$216,862$52,838▼ $164,024
Total Net Assets Fund Balance$216,862$52,838▼ $164,024
Total Liabilities and Net Assets / Fund Balance$229,810$83,361▼ $146,449
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill MitchellProgram Director (until 9/2024)FT$115,759$5,952$121,711
Teaera RainesProgram DirectorFT$85,000$1,526$86,526
Hope BoldonExecutive DirectorPT$26,400-$26,400

Board Members and Trustees

NameTitle
Eric PinckneyBoard President
Rian SmithBoard Vice President
Bri BoldonBoard Member
Christinia CunninghamBoard Member
Kady DewitBoard Member
Karen Ramlall-abbottBoard Member
Mamie JonesBoard Member
Shannon JuddBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$260,957
Program Service Revenue
$929,085
Investment Income
$0
Other Revenue
$7,410
All Other Contributions
$248,320
Change in Net Assets
$-164,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$892,270
Other Expenses$469,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$529,728--$529,728
Current Officers, Directors, Trustees, and Key Employees$227,159--$227,159
Other Employee Benefits$74,125--$74,125
Payroll Taxes$61,258--$61,258
Travel$48,727--$48,727
Fees for Services Management$34,520--$34,520
Information Technology$17,851--$17,851
Office Expenses$16,768--$16,768
Fees for Services Accounting-$10,795-$10,795
Insurance$3,017--$3,017
Other Expenses$1,887--$1,887
Total Functional Expenses$1,350,681$10,795$0$1,361,476
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance From Integral$25,000
Truist Credit Card$4,455
Cash Overdraft$1,068
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Several members of the board of directors are employees of the integral group, llc, which serves as a key community development partner for the organization through the hud choice neighborhood initiative. Their dual roles serve to strengthen the collaboration between our organizations in carrying out the mission of the people component. These individuals serve on the board in a voluntary capacity, providing strategic oversight, governance, and subject-matter expertise. They do not receive financial compensation from the organization for their board service, nor does their participation affect the organization's independent nonprofit status or its ability to make decisions autonomously.

Form 990, Part VI, Section B, Line 11B

The organization's return is provided to the board for review.

Form 990, Part VI, Section B, Line 12C

Annually, the organization reviews potential conflicts.

Form 990, Part VI, Section B, Line 15A

The executive director's compensation is reviewed and approved by the board.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Ascent Project Inc
EIN
27-1148162
Phone
4048479447
Address
387 JOSEPH E LOWERY BLVD 2ND FLOOR, ATLANTA, GA 30310

Signing Officer

Name
Teaera Raines
Title
Prgm Director & Interim Exec. Director
Phone
4048479447
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hope Boldon
Formed
2017
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
32
Volunteers
31

Preparer

Firm
Warren Averett LLC
Address
2500 ACTON ROAD, BIRMINGHAM, AL 35243
Preparer
Megan Randolph
Phone
2059794100
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0150807
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0189262
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt093918
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0567202
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0219539
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0332694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0281021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0230454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02261879
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt011835
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IRS990ScheduleA/PublicSupportPY509Pct00.62140
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0393724
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0189262
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt093918
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01290221
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0629215
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0449993
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TRUIST CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCE FROM INTEGRAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CASH OVERDRAFT
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL MEMBERS OF THE BOARD OF DIRECTORS ARE EMPLOYEES OF THE INTEGRAL GROUP, LLC, WHICH SERVES AS A KEY COMMUNITY DEVELOPMENT PARTNER FOR THE ORGANIZATION THROUGH THE HUD CHOICE NEIGHBORHOOD INITIATIVE. THEIR DUAL ROLES SERVE TO STRENGTHEN THE COLLABORATION BETWEEN OUR ORGANIZATIONS IN CARRYING OUT THE MISSION OF THE PEOPLE COMPONENT. THESE INDIVIDUALS SERVE ON THE BOARD IN A VOLUNTARY CAPACITY, PROVIDING STRATEGIC OVERSIGHT, GOVERNANCE, AND SUBJECT-MATTER EXPERTISE. THEY DO NOT RECEIVE FINANCIAL COMPENSATION FROM THE ORGANIZATION FOR THEIR BOARD SERVICE, NOR DOES THEIR PARTICIPATION AFFECT THE ORGANIZATION'S INDEPENDENT NONPROFIT STATUS OR ITS ABILITY TO MAKE DECISIONS AUTONOMOUSLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S RETURN IS PROVIDED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, THE ORGANIZATION REVIEWS POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalOtherCompensationAmt07478
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0387 JOSEPH E LOWERY BLVD 2ND FLOOR
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA

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