Ascend Learning Inc.

“The form 990 is prepared by an outside accounting firm. The return is reviewed by management and a complete copy of the form 990 is provided to all board members prior to filing with the irs.”

“The organization shares its conflict of interest policy with officers, directors, and key employees as part of their regular meetings. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises. In addition, the board of directors sign an annual conflict of interest disclosure form. The board determines whether a conflict exists by majority vote, and the conflicted person must recuse himself/herself from the discussion and vote on such matter.”

“The compensation of all officers of the organization, including the chief executive officer, was determined and approved by the board of directors. An annual meeting was held during which the board reviewed officer performance and utilized comparability data from nyc public schools and national to determine compensation for the annual year. The process was last conducted in fy2023 and was documented in the board minutes.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Recruiting: program service expenses 0. Management and general expenses 964,983. Fundraising expenses 0. Total expenses 964,983. Consultants - education: program service expenses 845. Management and general expenses 94. Fundraising expenses 0. Total expenses 939. Payroll services: program service expenses 0. Management and general expenses 28,661. Fundraising expenses 0. Total expenses 28,661. Financial consultants: program service expenses 0. Management and general expenses 148,673. Fundraising expenses 0. Total expenses 148,673. Executive consultants: program service expenses 0. Management and general expenses 1,591,656. Fundraising expenses 0. Total expenses 1,591,656. Curriculum & facilities consultants: program service expenses 502,900. Management and general expenses 167,385. Fundraising expenses 0. Total expenses 670,285. Admin/temp staffing services: program service expenses 0. Management and general expenses 855,709. Fundraising expenses 0. Total expenses 855,709. Other professional fees: program service expenses 91,607. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,607.”

“Write off of grant receivable -236,830.”

“The audit committee is responsible for the oversight of the audit and the selection of the independent auditors. This process has not changed from prior year.”