Civic Intelligence

Ascend Inc

990 • Fiscal year 2017 • EIN 51-0527847

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 14, 2018

247 West 30th Street 12th FloorNew York, NY 10001

(212) 248-4888

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.26x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.34x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

63rd percentile

6.9%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$172,750

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

32nd percentile

0.1%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

27%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,090,916

Up $5,577 (+0.1%) from 2016

Net Assets

Up

$3,020,956

Up $1,204,627 (+66%) from 2016

Liabilities

Down

$1,069,960

Down $1,199,050 (-53%) from 2016

Revenue

Up

$3,159,552

Up $665,239 (+27%) from 2016

Expenses

Up

$2,941,176

Up $249,735 (+9.3%) from 2016

Net Income

Up

$218,376

Up $415,504 (+211%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $2,642,884Liabilities 2011: $263,521Net Assets 2011: $2,379,3632011Assets 2012: $3,173,316Liabilities 2012: $1,073,024Net Assets 2012: $2,100,2922012Assets 2013: $3,359,371Liabilities 2013: $844,514Net Assets 2013: $2,514,8572013Assets 2014: $3,611,080Liabilities 2014: $1,344,727Net Assets 2014: $2,266,3532014Assets 2015: $4,022,830Liabilities 2015: $1,949,200Net Assets 2015: $2,073,6302015Assets 2016: $4,085,339Liabilities 2016: $2,269,010Net Assets 2016: $1,816,3292016Assets 2017: $4,090,916Liabilities 2017: $1,069,960Net Assets 2017: $3,020,9562017Assets 2018: $4,025,647Liabilities 2018: $649,992Net Assets 2018: $3,375,6552018Assets 2019: $4,031,851Liabilities 2019: $585,879Net Assets 2019: $3,445,9722019Assets 2020: $4,041,236Liabilities 2020: $602,561Net Assets 2020: $3,438,6752020Assets 2021: $5,589,868Liabilities 2021: $710,497Net Assets 2021: $4,879,3712021Assets 2022: $6,260,721Liabilities 2022: $1,019,085Net Assets 2022: $5,241,6362022Assets 2023: $7,818,217Liabilities 2023: $633,743Net Assets 2023: $7,184,4742023Assets 2024: $9,026,063Liabilities 2024: $744,309Net Assets 2024: $8,281,7542024

Highlighted filing

2017

Assets$4,090,916
Liabilities$1,069,960
Net Assets$3,020,956

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,597,095Expenses 2011: $1,208,361Net Income 2011: $388,7342011Revenue 2012: $1,711,692Expenses 2012: $1,268,414Net Income 2012: $443,2782012Revenue 2013: $2,094,829Expenses 2013: $1,644,311Net Income 2013: $450,5182013Revenue 2014: $1,680,923Expenses 2014: $1,966,323Net Income 2014: -$285,4002014Revenue 2015: $2,371,683Expenses 2015: $2,549,383Net Income 2015: -$177,7002015Revenue 2016: $2,494,313Expenses 2016: $2,691,441Net Income 2016: -$197,1282016Revenue 2017: $3,159,552Expenses 2017: $2,941,176Net Income 2017: $218,3762017Revenue 2018: $3,605,489Expenses 2018: $3,300,751Net Income 2018: $304,7382018Revenue 2019: $3,412,370Expenses 2019: $3,297,683Net Income 2019: $114,6872019Revenue 2020: $2,224,523Expenses 2020: $2,135,068Net Income 2020: $89,4552020Revenue 2021: $3,173,147Expenses 2021: $1,839,374Net Income 2021: $1,333,7732021Revenue 2022: $4,264,274Expenses 2022: $3,645,982Net Income 2022: $618,2922022Revenue 2023: $6,507,282Expenses 2023: $4,753,454Net Income 2023: $1,753,8282023Revenue 2024: $7,404,448Expenses 2024: $5,577,795Net Income 2024: $1,826,6532024

Highlighted filing

2017

Revenue$3,159,552
Expenses$2,941,176
Net Income$218,376
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 14, 2018
Return Version
2016v3.0
Gross Receipts
$4,371,844
Mission and Program Overview

Mission

To promote the contributions of asian american in business, to serve as role model for young asians, to cultivate growth of business leaders, advance networking and business development, to serve the public and the community by encouraging community service and involvement, disseminating business information and to promote business by providing scholarship programs to assist asian american students pursuing higher education opportunities. To enhance the presence, influence and visibility of current and future Pan-Asian business leaders, develop the full potential of members by leveraging the Ascend networks to build connections through our mentoring and leadership programs and build awareness and eminence for our corporate partners while helping them to achieve their business, talent and diversity goals.

To promote the contributions of asian american in business, to serve as role model for young asians, to cultivate growth of business knowledge, advance networking and business development, to serve the public and the community by encouraging community service and disseminating business information and to promote business by providing scholarship programs to assist asian american students pursuing higher education oportunities. To enhance the presence, influence and visibility of current and future pan-asian business leaders, develop the full potential of members by leveraging the ascend networks to build connections through our mentoring and leadership programs and build awareness and eminence for our corporate partners while helping them to achieve their business, talent and diversity goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,036,618$1,631,140▲ $594,522
Investments in Publicly Traded Securities$1,474,355$1,366,591▼ $107,764
Savings and Temporary Cash Investments$821,720$823,356▲ $1,636
Accounts Receivable$238,542$196,237▼ $42,305
Prepaid Expenses and Deferred Charges$4,268$36,975▲ $32,707
Total Assets$3,603,018$4,090,916▲ $487,898
Other Assets Total$27,515$36,617▲ $9,102
Liabilities
Deferred Revenue$615,500$605,000▼ $10,500
Accounts Payable and Accrued Expenses$289,379$464,960▲ $175,581
Total Liabilities$904,879$1,069,960▲ $165,081
Net Assets / Fund Balance
Unrestricted Net Assets$2,698,139$3,020,956▲ $322,817
Total Net Assets Fund Balance$2,698,139$3,020,956▲ $322,817
Total Liabilities and Net Assets / Fund Balance$3,603,018$4,090,916▲ $487,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David MartinezFormer Chief Operating OfficerFT$164,250$8,500$172,750

Board Members and Trustees

NameTitle
Jeff ChinPresident
David PangBoard Member
Hussain HasanBoard Member
Sharmila FowlerBoard Member
Steven PaeBoard Member
Susan ChungBoard Member
Yogesh BahlBoard Member
Anna MokExecutive VP
Andrew HahnSecretary
Amy ShangTreasurer
Sandeep GuptaVP of Chapter Affairs
Wes HomVP of Ext. Affairs
Jenny WeiVP of Int. Affairs
Tariq KhanVP of Student and Mba Programs
Revenue and Support

Revenue Composition

Contributions and Grants
$193,099
Program Service Revenue
$2,892,985
Investment Income
$73,468
Other Revenue
$0
Change in Net Assets
$218,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,159,552
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$104,441
Total Revenue per Audited Statements
$3,263,993
Total Revenue per Form 990
$3,159,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,862,743
Salaries, Compensation, and Employee Benefits$1,055,902
Total Fundraising Expense$107,198
Grants and Similar Amounts Paid$22,531
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$897,429$710$356$898,495
Other Salaries and Wages$520,246$109,525$54,763$684,534
Fees for Services Other$410,529$3,380$1,985$415,894
Travel$174,469$9,530$4,765$188,764
Current Officers, Directors, Trustees, and Key Employees$131,290$27,640$13,820$172,750
Occupancy$112,697$23,726$11,863$148,286
Other Employee Benefits$101,423$21,352$10,677$133,452
Office Expenses$68,697$5,438$2,719$76,854
Payroll Taxes$49,526$10,427$5,213$65,166
Fees for Services Accounting-$28,519-$28,519
Other Expenses$14,112$191$95$14,398
Grants to Domestic Individuals$12,596--$12,596
Insurance$8,950$1,884$942$11,776
Fees for Service Investment Mgmnt Fees-$11,198-$11,198
Grants to Domestic Orgs$9,935--$9,935
Fees for Services Legal-$7,376-$7,376
Total Functional Expenses$2,524,484$309,494$107,198$2,941,176

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,941,176
Total Expenses per Audited Statements$2,941,176
Total Expenses per Form 990$2,941,176
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Ascend, inc. Is a membership organization and collects dues from its members.

Form 990, Part VI, Section A, Line 7A

Members elect the organization's board of directors but are not given authority to make governing decisions.

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

Process the organization uses to review form 990: the accounting manager compares tax return to financial statements and other relevant documents. After any changes are made tax return is forwarded to board for review and approval. Once approved form 990 is filed with irs.

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

Organization has a written conflict of interest policy were officers, directors, or trustees, and key employees are required to disclose annually interests that could give rise to conflicts. Organization regularly and consistently monitor and enforce compliance with the policy.

Form 990, Part VI, Section B, Line 15

Process the organization uses to determine compensation: all salaries are apporved by board committee and consistent with salaries of nonprofit organizations of similar size and scope of work.

Form 990, Part VI, Section C, Line 19

Process the organization uses to make documents available to the public for inspection: organization's governing documents, conflict of interest policy and financial statements are available for public inspection on organization's main office upon request.

Filing and Contact Details

Filer

Filer Name
Ascend Inc
EIN
51-0527847
Phone
2122484888
Address
247 WEST 30TH STREET 12TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
Jeff Chin
Title
President
Phone
2122484888
Signed
2018-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Chin
Formed
2004
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
13
Volunteers
300

Preparer

Firm
Ncheng Llp
Address
40 WALL STREET 32ND FLOOR, NEW YORK, NY 10005
Preparer
Alwayne Burke CPA
Phone
2127850100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 152,580. Management and general expenses 0. Fundraising expenses 0. Total expenses 152,580. Professional fees - convention: program service expenses 107,497. Management and general expenses 0. Fundraising expenses 0. Total expenses 107,497. Professional fees - honorarium: program service expenses 121,950. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,950. Professional fees - temporary help contract: program service expenses 28,317. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,317. Professional fees - other: program service expenses 185. Management and general expenses 3,380. Fundraising expenses 1,985. Total expenses 5,550.

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

Income taxes. Ascend, inc. Is exempt from income taxes under section 501(c)(6) of the internal revenue code. Ascend, inc. Has analyzed tax positions taken for filing with the internal revenue service and state jurisdictions where it operates. Ascend, inc. Does not anticipate any significant uncertain tax positions that would require recognition in the consolidated financial statements. Periods ending in 2014 and subsequent remain subject to examination by the taxing authorities.

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IRS990/Desc0ASCEND NATIONAL CONVENTION: ASCEND NATIONAL CONVENTION AND CAREER FAIR IS THE LARGEST GATHERING OF PAN-ASIAN BUSINESS LEADERS AND PROFESSIONALS IN NORTH AMERICA. 3,000+ TOP INDUSTRY LEADERS, SENIOR EXECUTIVES AND PROFESSIONALS, ALONG WITH MBAS AND UNDERGRADUATE STUDENTS REPRESENTING 250+ CORPORATIONS AND UNIVERSITIES PARTICIPATE IN THREE DAYS OF LEADERSHIP AND PROFESSIONAL DEVELOPMENT AND NETWORKING.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP OF EXT. AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OF INT. AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP OF STUDENT AND MBA PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP OF CHAPTER AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt061613
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt022531
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt012596
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt012596
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09935
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09935
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01273905
IRS990/GrossReceiptsAmt04371844
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0942
IRS990/InsuranceGrp/ManagementAndGeneralAmt01884
IRS990/InsuranceGrp/ProgramServicesAmt08950
IRS990/InsuranceGrp/TotalAmt011776
IRS990/InvestmentIncomeGrp/ExclusionAmt011855
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011855
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01474355
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01366591
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01212292
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0193099
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THE CONTRIBUTIONS OF ASIAN AMERICAN IN BUSINESS, TO SERVE AS ROLE MODEL FOR YOUNG ASIANS, TO CULTIVATE GROWTH OF BUSINESS LEADERS, ADVANCE NETWORKING AND BUSINESS DEVELOPMENT, TO SERVE THE PUBLIC AND THE COMMUNITY BY ENCOURAGING COMMUNITY SERVICE AND INVOLVEMENT, DISSEMINATING BUSINESS INFORMATION AND TO PROMOTE BUSINESS BY PROVIDING SCHOLARSHIP PROGRAMS TO ASSIST ASIAN AMERICAN STUDENTS PURSUING HIGHER EDUCATION OPPORTUNITIES. TO ENHANCE THE PRESENCE, INFLUENCE AND VISIBILITY OF CURRENT AND FUTURE PAN-ASIAN BUSINESS LEADERS, DEVELOP THE FULL POTENTIAL OF MEMBERS BY LEVERAGING THE ASCEND NETWORKS TO BUILD CONNECTIONS THROUGH OUR MENTORING AND LEADERSHIP PROGRAMS AND BUILD AWARENESS AND EMINENCE FOR OUR CORPORATE PARTNERS WHILE HELPING THEM TO ACHIEVE THEIR BUSINESS, TALENT AND DIVERSITY GOALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02698139
IRS990/NetAssetsOrFundBalancesEOYAmt03020956
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt061613
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt061613
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0104441
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt011863
IRS990/OccupancyGrp/ManagementAndGeneralAmt023726
IRS990/OccupancyGrp/ProgramServicesAmt0112697
IRS990/OccupancyGrp/TotalAmt0148286
IRS990/OfficeExpensesGrp/FundraisingAmt02719
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05438
IRS990/OfficeExpensesGrp/ProgramServicesAmt068697
IRS990/OfficeExpensesGrp/TotalAmt076854
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt027515
IRS990/OtherAssetsTotalGrp/EOYAmt036617
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010677
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021352
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0101423
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0133452
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1PRINTING AND COPYING
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt195
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1191
IRS990/OtherExpensesGrp/ProgramServicesAmt012585
IRS990/OtherExpensesGrp/ProgramServicesAmt114112
IRS990/OtherExpensesGrp/TotalAmt061183
IRS990/OtherExpensesGrp/TotalAmt114398
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt054763
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0109525
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0520246
IRS990/OtherSalariesAndWagesGrp/TotalAmt0684534
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05213
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010427
IRS990/PayrollTaxesGrp/ProgramServicesAmt049526
IRS990/PayrollTaxesGrp/TotalAmt065166
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04268
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036975
IRS990/PrincipalOfficerNm0JEFF CHIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02892985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02892985
IRS990/ProgSrvcAccomActy2Grp/Desc0PINNACLE:PINNACLE WAS LAUNCHED BY ASCEND, INC. TO FOCUS ON ASIAN AMERICAN CORPORATE BOARD DIRECTORS ON COMPANY BOARDS. THE GOAL IS TO INCREASE THE NUMBER OF ASIAN AMERICANS ON FORTUNE 1000 BOARDS TO BE MORE REFLECTIVE OF THE ASIAN POPULATION IN THE WORKFORCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0342282
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0460924
IRS990/ProgSrvcAccomActy3Grp/Desc0EXECUTIVE INSIGHT SERIES:THE EXECUTIVE INSIGHT SERIES (EIS) ASSISTS HIGH-POTENTIAL PAN-ASIAN MANAGERS, SENIOR PROFESSIONALS AND YOUNG EXECUTIVES ATTAIN LEADERSHIP ROLES IN MAJOR NORTH AMERICAN CORPORATIONS. EIS PROVIDES INSIGHT INTO KEY CHARACTERISTICS, SPECIFIC BEHAVIORS, COMPETENCIES, AND EXPERIENCES REQUIRED TO REACH THE EXECUTIVE LEVEL. PARTICIPANTS TYPICALLY HAVE 8-12 YEARS OF EXPERIENCE AND HOLD MANAGER, DIRECTOR, OR VICE PRESIDENT POSITIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0299001
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0320020
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0826346
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0458994
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0128179
IRS990/PYGrantsAndSimilarPaidAmt01100
IRS990/PYInvestmentIncomeAmt08853
IRS990/PYOtherExpensesAmt0839812
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01847552
IRS990/PYRevenuesLessExpensesAmt0858621
IRS990/PYSalariesCompEmpBnftPaidAmt0285051
IRS990/PYTotalExpensesAmt01125963
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01984584
IRS990/ReconcilationRevenueExpnssAmt0218376
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01653047
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0821720
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0823356
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02941176
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0104441
IRS990ScheduleD/RevenueNotReportedAmt0104441
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03159552
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES. ASCEND, INC. IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ASCEND, INC. HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. ASCEND, INC. DOES NOT ANTICIPATE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. PERIODS ENDING IN 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02941176
IRS990ScheduleD/TotalRevenuePerForm990Amt03159552
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03263993
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02941176
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt012596
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE AWARDED TO STUDENTS AT THE NATIONAL AND LOCAL LEVEL BASED ON A LONG-STANDING TRADITION OF HONORING SCHOLASTIC EXCELLENCE, CONTRIBUTION TO THE COMMUNITY AT LARGE AND A COMMITMENT TO THE WORK AND MISSION OF ASCEND. APPLICANTS ARE SELECTED VIA THIS CRITERIA AND REVIEWED AT THE LOCAL AND NATIONAL LEVEL BEFORE THE AWARDS ARE MADE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART III, COLUMN (B)
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0164250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID MARTINEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION WAS DETERMINED BASED ON FORMS 990 OF OTHER ORGANIZATIONS AND THEN AN ULTIMATE DETERMINATION BY THE PERSONNEL/NOMINATING COMMITEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASCEND, INC. IS A MEMBERSHIP ORGANIZATION AND COLLECTS DUES FROM ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE ORGANIZATION'S BOARD OF DIRECTORS BUT ARE NOT GIVEN AUTHORITY TO MAKE GOVERNING DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCESS THE ORGANIZATION USES TO REVIEW FORM 990: THE ACCOUNTING MANAGER COMPARES TAX RETURN TO FINANCIAL STATEMENTS AND OTHER RELEVANT DOCUMENTS. AFTER ANY CHANGES ARE MADE TAX RETURN IS FORWARDED TO BOARD FOR REVIEW AND APPROVAL. ONCE APPROVED FORM 990 IS FILED WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WERE OFFICERS, DIRECTORS, OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS THE ORGANIZATION USES TO DETERMINE COMPENSATION: ALL SALARIES ARE APPORVED BY BOARD COMMITTEE AND CONSISTENT WITH SALARIES OF NONPROFIT ORGANIZATIONS OF SIMILAR SIZE AND SCOPE OF WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS THE ORGANIZATION USES TO MAKE DOCUMENTS AVAILABLE TO THE PUBLIC FOR INSPECTION: ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ON ORGANIZATION'S MAIN OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 152,580. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 152,580. PROFESSIONAL FEES - CONVENTION: PROGRAM SERVICE EXPENSES 107,497. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,497. PROFESSIONAL FEES - HONORARIUM: PROGRAM SERVICE EXPENSES 121,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,950. PROFESSIONAL FEES - TEMPORARY HELP CONTRACT: PROGRAM SERVICE EXPENSES 28,317. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,317. PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 185. MANAGEMENT AND GENERAL EXPENSES 3,380. FUNDRAISING EXPENSES 1,985. TOTAL EXPENSES 5,550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.03$0.74$8.28$7.40$5.58$1.83
2023Detailed filing. Detailed filing data is available for this year.$7.82$0.63$7.18$6.51$4.75$1.75
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$1.02$5.24$4.26$3.65$0.62
2021Detailed filing. Detailed filing data is available for this year.$5.59$0.71$4.88$3.17$1.84$1.33
2020Detailed filing. Detailed filing data is available for this year.$4.04$0.60$3.44$2.22$2.14$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.03$0.59$3.45$3.41$3.30$0.11
2018Detailed filing. Detailed filing data is available for this year.$4.03$0.65$3.38$3.61$3.30$0.30
2017Detailed filing. Detailed filing data is available for this year.$4.09$1.07$3.02$3.16$2.94$0.22
2016Summary only. Only limited summary data is available for this year.$4.09$2.27$1.82$2.49$2.69$0.20
2015Summary only. Only limited summary data is available for this year.$4.02$1.95$2.07$2.37$2.55$0.18
2014Summary only. Only limited summary data is available for this year.$3.61$1.34$2.27$1.68$1.97$0.29
2013Summary only. Only limited summary data is available for this year.$3.36$0.84$2.51$2.09$1.64$0.45
2012Summary only. Only limited summary data is available for this year.$3.17$1.07$2.10$1.71$1.27$0.44
2011Summary only. Only limited summary data is available for this year.$2.64$0.26$2.38$1.60$1.21$0.39