Civic Intelligence

Ascend Charter Schools

EIN 45-3957158 • 501(c)3 • Brooklyn, NY

Profile

Ascend charter schools' (the "school") mission is to equip every student with the knowledge, confidence, and character to succeed in college and beyond. The school will span kindergarten through the 12th grade at maturity. From the earliest grades, students will steadily build a strong foundation of learning habits, critical thinking skills, and knowledge; excel academically in the middle and high school, mastering high-level math and science; and graduate as confident young adults, prepared to succeed as college students, as citizens, and as leaders in their chosen fields.

205 Rockaway PkwyBrooklyn, NY 11212

www.ascendlearning.org

Siviq Scores

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

Liabilities / Assets

90th percentile

0.97x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

3.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

36th percentile

0.2%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

7th percentile

$210,301

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

78th percentile

13%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-5.6%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$482,019,155

Up $57,236,662 (+13%) from 2023

Liabilities

Up

$467,887,395

Up $57,025,678 (+14%) from 2023

Net Assets

Up

$14,131,760

Up $210,984 (+1.5%) from 2023

Revenue

Down

$139,253,884

Down $8,270,434 (-5.6%) from 2023

Expenses

Down

$139,042,900

Down $6,902,620 (-4.7%) from 2023

Net Income

Down

$210,984

Down $1,367,814 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0-$200MAssets 2013: $153,664Liabilities 2013: $215,2652013Assets 2014: $623,153Liabilities 2014: $1,191,635Net Assets 2014: -$568,4822014Assets 2015: $1,221,030Liabilities 2015: $2,045,604Net Assets 2015: -$824,5742015Assets 2016: $3,060,437Liabilities 2016: $3,688,695Net Assets 2016: -$628,2582016Assets 2017: $32,876,057Liabilities 2017: $33,303,970Net Assets 2017: -$427,9132017Assets 2018: $22,245,821Liabilities 2018: $23,159,232Net Assets 2018: -$913,4112018Assets 2019: $23,948,867Liabilities 2019: $25,347,005Net Assets 2019: -$1,398,1382019Assets 2020: $29,376,376Liabilities 2020: $34,443,347Net Assets 2020: -$5,066,9712020Assets 2021: $45,182,055Liabilities 2021: $36,725,159Net Assets 2021: $8,456,8962021Assets 2022: $56,267,292Liabilities 2022: $46,034,297Net Assets 2022: $10,232,9952022Assets 2023: $424,782,493Liabilities 2023: $410,861,717Net Assets 2023: $13,920,7762023Assets 2024: $482,019,155Liabilities 2024: $467,887,395Net Assets 2024: $14,131,7602024

Highlighted filing

2024

Assets$482,019,155
Liabilities$467,887,395
Net Assets$14,131,760

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2013: $100,078Expenses 2013: $145,811Net Income 2013: -$45,7332013Revenue 2014: $3,575,343Expenses 2014: $4,082,224Net Income 2014: -$506,8812014Revenue 2015: $4,459,705Expenses 2015: $4,715,797Net Income 2015: -$256,0922015Revenue 2016: $7,104,503Expenses 2016: $6,908,187Net Income 2016: $196,3162016Revenue 2017: $71,873,396Expenses 2017: $71,183,128Net Income 2017: $690,2682017Revenue 2018: $85,211,791Expenses 2018: $85,954,647Net Income 2018: -$742,8562018Revenue 2019: $103,657,162Expenses 2019: $104,141,889Net Income 2019: -$484,7272019Revenue 2020: $117,818,252Expenses 2020: $120,979,969Net Income 2020: -$3,161,7172020Revenue 2021: $130,071,368Expenses 2021: $116,547,501Net Income 2021: $13,523,8672021Revenue 2022: $137,441,682Expenses 2022: $135,665,583Net Income 2022: $1,776,0992022Revenue 2023: $147,524,318Expenses 2023: $145,945,520Net Income 2023: $1,578,7982023Revenue 2024: $139,253,884Expenses 2024: $139,042,900Net Income 2024: $210,9842024

Highlighted filing

2024

Revenue$139,253,884
Expenses$139,042,900
Net Income$210,984

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$139,253,884
Mission and Program Overview

Mission

Ascend charter schools' (the "school") mission is to equip every student with the knowledge, confidence, and character to succeed in college and beyond. The school will span kindergarten through the 12th grade at maturity. From the earliest grades, students will steadily build a strong foundation of learning habits, critical thinking skills, and knowledge; excel academically in the middle and high school, mastering high-level math and science; and graduate as confident young adults, prepared to succeed as college students, as citizens, and as leaders in their chosen fields.

To equip every student with the knowledge, confidence, and character to succeed in college and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$16,194,873$18,168,576▲ $1,973,703
Land, Buildings, and Equipment, Net$16,776,732$16,690,157▼ $86,575
Pledges and Grants Receivable$15,994,676$15,081,561▼ $913,115
Cash and Non-Interest-Bearing Accounts$1,380,776$5,062,832▲ $3,682,056
Prepaid Expenses and Deferred Charges$186,955$341,493▲ $154,538
Total Assets$424,782,493$482,019,155▲ $57,236,662
Other Assets Total$374,248,481$426,674,536▲ $52,426,055
Liabilities
Other Liabilities$401,684,188$455,205,176▲ $53,520,988
Accounts Payable and Accrued Expenses$6,923,401$10,759,196▲ $3,835,795
Mortgage Notes Payable Secured by Investment Property$1,947,756$1,792,502▼ $155,254
Deferred Revenue$306,372$130,521▼ $175,851
Total Liabilities$410,861,717$467,887,395▲ $57,025,678
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,920,776$14,131,760▲ $210,984
Total Net Assets Fund Balance$13,920,776$14,131,760▲ $210,984
Total Liabilities and Net Assets / Fund Balance$424,782,493$482,019,155▲ $57,236,662

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,253,466$15,429,454$21,682,920
Leasehold Improvements$10,056,895$7,954,978$18,011,873
Equipment$379,796$1,316,738$1,696,534
Other Assets Org$549,940--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leyde St LegerPrincipalFT$191,617$18,684$210,301
Curtis DurhamPrincipalFT$187,241$20,388$207,629
Latasha WilliamsPrincipalFT$182,964$16,572$199,536
Katherine StearnsPrincipalFT$167,859$12,101$179,960
Lisa RoachPrincipalFT$138,934$21,589$160,523
Justin MoormanPrincipalFT$137,549$21,633$159,182
Axel NdaPrincipalFT$132,364$26,376$158,740
Inan BarrettPrincipalFT$137,011$18,276$155,287
Sophia Balis HarrisPrincipalFT$136,279$15,853$152,132

Board Members and Trustees

NameTitle
Emmanuel FordjourChair
Gabrielle RamosCo Chair
Anthony RoseTrustee
Courtenaye-jackson ChaseTrustee
Jackie WilsonTrustee
Taiesha SealesTrustee
Recy BenjaminCEO
Edison De La CruzChief Financial Officer Eff. 6/17/24
Janai JeterSecretary
Gamal WalkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
School ProfessionalsSubstitute Teachers622 THIRD AVENUE39TH FLOOR, New York, NY 10017$1,583,642
Kokua Education INCSubstitute TeachersPO BOX 732697, Dallas, TX 75373$1,170,051
Lavinia Group LLCCurriculum ConsultingPO BOX 18228, Palatine, IL 60055-8288$1,164,021
Swing Education INCSubstitute TeachersPO BOX 92376, Las Vegas, NV 89193-2376$1,082,435
Martinez Cleaning Company INCCleaning Services90-07 31ST AVENUE, East Elmhurst, NY 11369$818,646
Revenue and Support

Revenue Composition

Contributions and Grants
$13,953,988
Program Service Revenue
$124,928,389
Investment Income
$368,679
Other Revenue
$2,828
All Other Contributions
$122,454
Change in Net Assets
$210,984

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$373,191Cost
Other Non Cash Contri Table1$86,785Cost
Total Noncash Contributions1$459,976-

Audited Revenue Reconciliation

Revenue per Audited Statements
$139,253,884
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$139,253,884
Total Revenue per Form 990
$139,253,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,413,020
Salaries, Compensation, and Employee Benefits$60,629,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,319,098$6,147,882-$48,466,980
Occupancy$28,844,156$4,969,745-$33,813,901
Fees for Services Management$6,841,252$9,844,728-$16,685,980
Other Employee Benefits$5,532,284$877,864-$6,410,148
Fees for Services Other$5,431,120$613,106-$6,044,226
Payroll Taxes$3,868,741$651,554-$4,520,295
Information Technology$3,557,532$604,316-$4,161,848
Depreciation Depletion$3,419,830$605,391-$4,025,221
Advertising$1,508,633$234,522-$1,743,155
Office Expenses$602,395$347,879-$950,274
Current Officers, Directors, Trustees, and Key Employees-$876,070-$876,070
Insurance$660,806$108,283-$769,089
Fees for Services Legal-$487,040-$487,040
Other Expenses$403,154$68,906-$472,060
Travel$321,337$54,860-$376,197
Pension Plan Contributions$310,700$45,687-$356,387
All Other Expenses$252,789$55,297-$308,086
Fees for Services Accounting-$115,000-$115,000
Interest$20,344$4,285-$24,629
Total Functional Expenses$112,206,271$26,836,629$0$139,042,900

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$139,042,900
Total Expenses per Audited Statements$139,042,900
Total Expenses per Form 990$139,042,900
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Operating Lease Liabilities$452,584,974
Due to Affiliates$2,620,202
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school is managed by ascend learning, inc., a new york state not-for-profit corporation. Pursuant to an agreement, the following duties have been assigned to the management company: - designing, selecting, acquiring, and implementing the education program for the school - recruiting, supervising, and evaluating the school directors on behalf of the school - day-to-day business management of the school, including management of business administration, payroll, and contracts with public and private entities. Management fees for the year ended june 30, 2024 amounted to $16,685,980. No individuals reported on part vii, section a was compensated by ascend learning, inc. The ceo, recy benjamin listed in part vii, section a was compensated by the management company in the amount of $166,297 for services to ascend charter schools.

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

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.

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

The school shares its conflict of interest policy with officers, trustees, and key employees as part of their regular meetings. Officers, trustees, and key employees are expected to declare if at any point a conflict of interest arises. In addition, the board of trustees 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 is documented in the minutes.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Ascend Charter Schools
EIN
45-3957158
Phone
3474647600
Address
205 ROCKAWAY PKWY, BROOKLYN, NY 11212

Signing Officer

Name
Edison De La Cruz
Title
Chief Financial Officer
Phone
3474647600
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Recy Dunn
Formed
2011
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
1,052
Volunteers
11

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
300 TICE BOULEVARD SUITE 315, WOODCLIFF LAKE, NJ 07677
Preparer
Sacha Richards
Phone
2017129800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The school has a finance committee that is responsible for the oversight of the audit and the selection of the independent auditor. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The school recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the school had no uncertain tax positions that would require financial statement recognition or disclosure. The school is no longer subject to examinations by the applicable taxing jurisdictions for years prior to june 30, 2021.

Raw XML AppendixShowing 400 of 749 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0ASCEND CHARTER SCHOOLS IS A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS SERVING 5,470 STUDENTS IN 17 SCHOOLS ACROSS BROOKLYN, NEW YORK'S MOST POPULOUS BOROUGH. OUR UNDERTAKING IS TO LEAD OUR STUDENTS ON A GREAT INTELLECTUAL ADVENTURE, PROVIDE THEM WITH AN EXCEPTIONAL COLLEGE PREPARATORY EDUCATION, AND PLACE THEM FIRMLY ON THE PATH TO SUCCESS IN COLLEGE AND BEYOND.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF FINANCIAL OFFICER EFF. 6/17/24
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRINCIPAL
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IRS990/FormationYr02011
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IRS990/FSAuditedInd01
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IRS990/MissionDesc0ASCEND CHARTER SCHOOLS' (THE "SCHOOL") MISSION IS TO EQUIP EVERY STUDENT WITH THE KNOWLEDGE, CONFIDENCE, AND CHARACTER TO SUCCEED IN COLLEGE AND BEYOND. THE SCHOOL WILL SPAN KINDERGARTEN THROUGH THE 12TH GRADE AT MATURITY. FROM THE EARLIEST GRADES, STUDENTS WILL STEADILY BUILD A STRONG FOUNDATION OF LEARNING HABITS, CRITICAL THINKING SKILLS, AND KNOWLEDGE; EXCEL ACADEMICALLY IN THE MIDDLE AND HIGH SCHOOL, MASTERING HIGH-LEVEL MATH AND SCIENCE; AND GRADUATE AS CONFIDENT YOUNG ADULTS, PREPARED TO SUCCEED AS COLLEGE STUDENTS, AS CITIZENS, AND AS LEADERS IN THEIR CHOSEN FIELDS.
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