Civic Intelligence

Ascend Foundation Inc

EIN 65-1284462 • 501(c)3 • New York, NY

Profile

The Ascend Foundation is a 501(c)(3) non-profit organization that drives and supports initiatives that make a positive impact for the API community at work across all major global industries. The Ascend Foundation delivers educational initiatives and community focused programs, publishes research and thought leadership reports, and awards merit and need based scholarships to enable, elevate, and empower Pan-Asians to become leaders, innovators, role models, and catalysts for workplace, community, and societal change. Together with Ascend, the ?rst and largest global network advancing API professionals in the workplace, Ascend Foundation is uniquely positioned to mobilize our constituents and galvanize allies to tackle long standing biases that impact our workforce and society at large.

262 West 38th Street STE 503New York, NY 10018

n/A

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.17x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

93rd percentile

64%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

42%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

45%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$10,310,030

Up $3,052,030 (+42%) from 2023

Liabilities

Down

$666,649

Down $176,103 (-21%) from 2023

Net Assets

Up

$9,643,381

Up $3,228,133 (+50%) from 2023

Operations
Liabilities / Revenue43rd percentileNet Margin93rd percentile

Revenue

Up

$3,913,347

Up $1,220,437 (+45%) from 2023

Expenses

Up

$1,414,586

Up $102,456 (+7.8%) from 2023

Net Income

Up

$2,498,761

Up $1,117,981 (+81%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

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

$15M$10M$5.0M$0Assets 2011: $98,538Liabilities 2011: $87,0062011Assets 2012: $82,055Liabilities 2012: $62,7342012Assets 2013: $123,129Liabilities 2013: $96,2162013Assets 2014: $122,737Liabilities 2014: $02014Assets 2015: $247,458Liabilities 2015: $0Net Assets 2015: $247,4582015Assets 2016: $280,119Liabilities 2016: $0Net Assets 2016: $280,1192016Assets 2017: $476,199Liabilities 2017: $12,554Net Assets 2017: $463,6452017Assets 2018: $636,111Liabilities 2018: $0Net Assets 2018: $636,1112018Assets 2019: $877,257Liabilities 2019: $0Net Assets 2019: $877,2572019Assets 2020: $1,550,934Liabilities 2020: $451,167Net Assets 2020: $1,099,7672020Assets 2021: $4,154,499Liabilities 2021: $1,039,963Net Assets 2021: $3,114,5362021Assets 2022: $5,112,329Liabilities 2022: $645,983Net Assets 2022: $4,466,3462022Assets 2023: $7,258,000Liabilities 2023: $842,752Net Assets 2023: $6,415,2482023Assets 2024: $10,310,030Liabilities 2024: $666,649Net Assets 2024: $9,643,3812024

Highlighted filing

2024

Assets$10,310,030
Liabilities$666,649
Net Assets$9,643,381
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $46,979Expenses 2011: $44,096Net Income 2011: $2,8832011Revenue 2012: $86,506Expenses 2012: $87,989Net Income 2012: -$1,4832012Revenue 2013: $75,399Expenses 2013: $58,535Net Income 2013: $16,8642013Revenue 2014: $151,128Expenses 2014: $55,304Net Income 2014: $95,8242014Revenue 2015: $235,271Expenses 2015: $110,550Net Income 2015: $124,7212015Revenue 2016: $155,010Expenses 2016: $122,349Net Income 2016: $32,6612016Revenue 2017: $373,988Expenses 2017: $178,496Net Income 2017: $195,4922017Revenue 2018: $400,712Expenses 2018: $228,245Net Income 2018: $172,4672018Revenue 2019: $432,105Expenses 2019: $201,562Net Income 2019: $230,5432019Revenue 2020: $1,197,129Expenses 2020: $974,619Net Income 2020: $222,5102020Revenue 2021: $2,910,361Expenses 2021: $940,210Net Income 2021: $1,970,1512021Revenue 2022: $2,725,602Expenses 2022: $1,134,695Net Income 2022: $1,590,9072022Revenue 2023: $2,692,910Expenses 2023: $1,312,130Net Income 2023: $1,380,7802023Revenue 2024: $3,913,347Expenses 2024: $1,414,586Net Income 2024: $2,498,7612024

Highlighted filing

2024

Revenue$3,913,347
Expenses$1,414,586
Net Income$2,498,761
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,310,030
Liabilities
$666,649
Net assets
$9,643,381
Revenue
$3,913,347
Expenses
$1,414,586
Net income
$2,498,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.3$0.67$9.64$3.91$1.41$2.50
2023Detailed filing. Detailed filing data is available for this year.$7.26$0.84$6.42$2.69$1.31$1.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.65$4.47$2.73$1.13$1.59
2021Detailed filing. Detailed filing data is available for this year.$4.15$1.04$3.11$2.91$0.94$1.97
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.45$1.10$1.20$0.97$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.43$0.20$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.40$0.23$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.01$0.46$0.37$0.18$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.16$0.12$0.03
2015Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.24$0.11$0.12
2014Summary only. Only limited summary data is available for this year.$0.12$0.00$0.15$0.06$0.10
2013Summary only. Only limited summary data is available for this year.$0.12$0.10$0.08$0.06$0.02
2012Summary only. Only limited summary data is available for this year.$0.08$0.06$0.09$0.09$0.00
2011Summary only. Only limited summary data is available for this year.$0.10$0.09$0.05$0.04$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$4,174,328
Mission and Program Overview

Mission

ASCEND FOUNDATION, Inc. IS A 501(C)(3) NON-PROFIT PAN-ASIAN ORGANIZATION PRIMARILY ENGAGED IN RESERACH WITH A MISSION TO ADVOCATE, ENABLE AND ASSIST PAN-ASIANS IN NORTH AMERICA TO BECOME THE LEADERS OF TODAY AND TOMORROW. THE GOAL OF THE ASCEND FOUNDATION IS TO HELP MAKE A DIFFERENCE IN THE PAN-ASIAN COMMUNITY AND INDUSTRY IN MAJOR NORTH AMERICAN METROPOLITAN REGIONS.ASCEND FOUNDATION, Inc. ENGAGES IN BOTH BASIC AND APPLIED RESEARCH TO CREATE APPLICABLE WAYS FOR THE PAN-ASIAN COMMUNITY IN NORTH AMERICA TO BECOME BETTER INNOVATORS, ROLE MODELS AND CATALYSTS FOR CHANGE. THE ASCEND FOUNDATION'S RESEARCH FINDINGS SUPPORT AND ADVOCATE THE PAN-ASIAN COMMUNITY BY CULTIVATING THE LEADERSHIP SKILLS NEEDED TO IMPROVE THE STANCE OF PAN-ASIANS IN NORTH AMERICAN CORPORATE ENVIRONMENTS AS WELL AS RECOGNIZE SKILLS THAT COULD PROPEL THEM TO LEADERSHIP POSITIONS. THE ASCEND FOUNDATION AIMS TO REACH AN UNDERSTANDING OF HOW TO INTEGRATE MULTIPLE CULTURES AND LEADERSHIP STYLES LEADING TO GLOBAL SUCCESS.

The Ascend Foundation is a 501(C)(3) non-profit organization that drives and supports initiatives that make a positive impact for the API community at work across all major global industries. The Ascend Foundation delivers educational initiatives and community focused progr

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,915,582$7,954,455▲ $4,038,873
Cash and Non-Interest-Bearing Accounts$1,878,024$1,733,276▼ $144,748
Investments Other Securities$1,017,013$279,459▼ $737,554
Accounts Receivable$122,000$112,000▼ $10,000
Pledges and Grants Receivable$200,000$100,000▼ $100,000
Prepaid Expenses and Deferred Charges$46,396$61,524▲ $15,128
Savings and Temporary Cash Investments$42,012$42,564▲ $552
Total Assets$7,258,000$10,310,030▲ $3,052,030
Other Assets Total$36,973$26,752▼ $10,221
Liabilities
Deferred Revenue$251,900$509,707▲ $257,807
Other Liabilities$547,963$131,637▼ $416,326
Accounts Payable and Accrued Expenses$42,889$25,305▼ $17,584
Total Liabilities$842,752$666,649▼ $176,103
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,088,418$7,187,212▲ $1,098,794
Net Assets With Donor Restrictions$326,830$2,456,169▲ $2,129,339
Total Net Assets Fund Balance$6,415,248$9,643,381▲ $3,228,133
Total Liabilities and Net Assets / Fund Balance$7,258,000$10,310,030▲ $3,052,030

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$26,752--
Other Securities$279,459--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseOtherTotal
Peyen FongNatl Programs & Marketing Ad$145,385$5,255$150,640
Peyen FongNatl Programs & Marketing Advisor$145,385$5,255$150,640

Board Members and Trustees

NameTitle
Kiet A VuAscend Leadership Executive
Sharisse GuisaoManager of Executive Engageme
Christy BaeProgram Associate
Victorine LeonardProgram Associate
Shaila LotheResearch Assistant
Jeff ChinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,538,095
Program Service Revenue
$202,279
Investment Income
$997,935
Other Revenue
$1,175,038
All Other Contributions
$1,538,095
Change in Net Assets
$2,498,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$718,560
Salaries, Compensation, and Employee Benefits$436,683
Grants and Similar Amounts Paid$259,343
Total Fundraising Expense$166,731
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$250,091$67,482$43,012$360,585
Other Salaries and Wages$278,773$48,910$24,251$351,934
Grants to Domestic Individuals$259,343--$259,343
Conferences and Meetings$173,811-$31,174$204,985
Office Expenses$22,111$4,503$38,451$65,065
Other Employee Benefits$42,481$7,453$3,696$53,630
Occupancy$31,541$5,534$2,744$39,819
Travel$18,946-$12,762$31,708
Payroll Taxes$24,650$4,325$2,144$31,119
Other Expenses$3,272$2,085$7,533$12,890
Insurance$1,553$711$964$3,228
Fees for Services Legal-$280-$280
Total Functional Expenses$1,106,572$141,283$166,731$1,414,586
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,436,019
Fundraising Direct Expenses$260,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Even$1,175,038$1,175,038$4,749$1,170,289
Total Events$1,175,038$1,175,038$260,981$914,057
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to related party$105,530
Lease liabilities - noncurent porti$18,163
Lease liabilities - curent portion$7,944
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
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 governing body review Part VI line 11

“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 prior to filing with irs.”

Conflict of interest policy compliance Part VI line 12C

“Organization has a written conflict of interest policy where 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.”

CEO executive director top management comp Part VI line 15A

“The board does not approve specific compensation. The organization does a comparison to other nonprofits and sets a range for employee levels that the board reviews in connection with budget approval.”

Other officer or key employee compensation Part VI line 15B

“The board does not approve specific compensation. The organization does a comparison to other nonprofits and sets a range for employee levels that the board reviews in connection with budget approval.”

Governing documents etc available to public Part VI line 19

“Process the organization uses to make documents available to the public for inspection: organizations governing documents, conflict of interest policy and financial statements are available for public inspection in organizations main office upon request.”

Filing and Contact Details

Filer

Filer Name
Ascend Foundation Inc
EIN
65-1284462
Address
262 West 38th Street STE 503, New York, NY 10018

Signing Officer

Name
Jeff Chin
Title
Treasurer
Phone
2122484888
Signed
2025-08-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeff Chin
Formed
2006
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
60

Preparer

Firm
Padilla and Company LLP
Address
175-61 Hillside Avenue Ste 200, Jamaica, NY 11432
Preparer
Jose Paolo Espiritu
Phone
7185585858
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“To align the beginning balance reported in the prior years tax return with the audited beginning net asset balance.”

List of other fees for services expenses Part IX line 11G

“Other professional fees: Marketing, Payroll Processing Fees, Others”

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“Ascend foundation, inc. Is exempt from income taxes under 501(c)(3) of the internalrevenue code. Ascend foundation, inc. Has analyzed tax positions taken for filingwith the internal revenue service and state jurisdictions where it operates. Ascendfoundation, inc. Does not anticipate any significant uncertain tax positions thatwould require recognition in the consolidated financial statements. Periods endingin 2020 and subsequent remain subject to examination by the taxing authorities.”

Raw XML AppendixShowing 400 of 493 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASCEND FOUNDATION, INC. IS EXEMPT FROM INCOME TAXES UNDER 501(C)(3) OF THE INTERNALREVENUE CODE. ASCEND FOUNDATION, INC. HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGWITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. ASCENDFOUNDATION, INC. DOES NOT ANTICIPATE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THATWOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. PERIODS ENDINGIN 2020 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS 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 PRIOR TO FILING WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHERE 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/ExplanationTxt2THE BOARD DOES NOT APPROVE SPECIFIC COMPENSATION. THE ORGANIZATION DOES A COMPARISON TO OTHER NONPROFITS AND SETS A RANGE FOR EMPLOYEE LEVELS THAT THE BOARD REVIEWS IN CONNECTION WITH BUDGET APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DOES NOT APPROVE SPECIFIC COMPENSATION. THE ORGANIZATION DOES A COMPARISON TO OTHER NONPROFITS AND SETS A RANGE FOR EMPLOYEE LEVELS THAT THE BOARD REVIEWS IN CONNECTION WITH BUDGET APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS THE ORGANIZATION USES TO MAKE DOCUMENTS AVAILABLE TO THE PUBLIC FOR INSPECTION: ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION IN ORGANIZATIONS MAIN OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5To align the beginning balance reported in the prior years tax return with the audited beginning net asset balance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other professional fees: Marketing, Payroll Processing Fees, Others
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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