ASCEND FOUNDATION INC

Address
247 WEST 30TH STREET 12TH FLOOR
NEW YORK, NY 10001
Contact
Phone: +1 (212) 248-4888
Nonprofit
NTEE: S19 - Nonmonetary Support N.E.C.
EIN: 65-1284462

Mission

ASCEND FOUNDATION 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.THE ASCEND FOUNDATION 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.
 201720162015
Basic features of the organization
Year of formation2006
Subsection501(c)(3)
Organization typeCorporation
Metropolitan statistical area5602
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00  
Number of employees1  
Number of people compensated >$100k0  
Number of volunteers0  
Number of highly compensated contractors0  
Personnel
Chin, Jeff
TitlePRESIDENTPRESIDENT 
Name of key/compensated personJEFF CHINJEFF CHIN 
Officer, director, trustee, or key employee True 
Average hours per week working for org5.00  
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Gupta, Sandeep
Title VP CHAP. AFFAIRS 
Name of key/compensated person SANDEEP GUPTA 
Officer, director, trustee, or key employee True 
Reportable compensation from org $0.00 
Hom, Wes
Title VP EXT. AFFAIRS 
Name of key/compensated person WES HOM 
Officer, director, trustee, or key employee True 
Reportable compensation from org $0.00 
Jeng, Dylan
TitleSECRETARYDIRECTOR 
Name of key/compensated personDYLAN JENGDYLAN JENG 
Officer, director, trustee, or key employee True 
Average hours per week working for org0.50  
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Mok, Anna
Title EXECUTIVE VICE PRESIDENT 
Name of key/compensated person ANNA MOK 
Officer, director, trustee, or key employee True 
Reportable compensation from org $0.00 
Wei, Jenny
TitleTREASURERDIRECTOR 
Name of key/compensated personJENNY WEIJENNY WEI 
Officer, director, trustee, or key employee True 
Average hours per week working for org0.50  
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Purpose: mission, activities & accomplishments
Mission or significant activitiesTO PROVIDE RESEARCH WITH A MISSION TO ADVOCATE, ENABLE AND ASSIST PAN-ASIANS IN NORTH AMERICA TO BECOME THE LEADERS OF TODAY AND TOMORROW. ASCEND FOUNDATION INC.'S RESEARCH FINDINGS SUPPORT AND ADVOCATE THE PAN-ASIAN COMMUNITY THROUGH EDUCATIONAL PROGRAMMING AND IT CREATES FORUMS WHERE FINANCIAL, BUSINESS AND PROFESSIONAL LEADERS CAN SHARE THEIR EXPERIENCES WITH MEMBERS OF THE PAN-ASIAN COMMUNITY IN NORTH AMERICA AND OTHERS, AND PROVIDE INVALUABLE INSIGHTS INTO BUSINESS LEADERSHIP, CAREER DEVELOPMENT ANDCORPORATE LIFE. ASCEND FOUNDATION INC. ALSO GRANTS SCHOLARSHIPS.  
Primary exempt purpose TO PROVIDE RESEARCH WITH A MISSION TO ADVOCATE, ENABLE AND ASSIST PAN-ASIANS IN NORTH AMERICA TO BECOME THE LEADERS OF TODAY AND TOMORROW. ASCEND FOUNDATION INC.'S RESEARCH FINDINGS SUPPORT AND ADVOCATE THE PAN-ASIAN COMMUNITY THROUGH EDUCATIONAL PROGRAMMING AND IT CREATES FORUMS WHERE FINANCIAL, BUSINESS AND PROFESSIONAL LEADERS CAN SHARE THEIR EXPERIENCES WITH MEMBERS OF THE PAN-ASIAN COMMUNITY IN NORTH AMERICA AND OTHERS, AND PROVIDE INVALUABLE INSIGHTS INTO BUSINESS LEADERSHIP, CAREER DEVELOPMENT ANDCORPORATE LIFE. ASCEND FOUNDATION INC. ALSO GRANTS SCHOLARSHIPS. 
Program expenses (total)$157,858.00$108,535.00 
Programs, including revenue & expenses
ASCEND FOUNDATION GOLF OUTINGTHE CHARITY GOLF OUTING WAS CONCEIVED TO RAISE FUNDS FOR THE ASCEND FOUNDATION TO FURTHER THE FOUNDATION'S RESEARCH AND CONTRIBUTIONS TO THE PAN-ASIAN COMMUNITY.
Program expenses$101,757.00  
Program revenue$104,160.00  
Program descriptionASCEND FOUNDATION GOLF OUTINGTHE CHARITY GOLF OUTING WAS CONCEIVED TO RAISE FUNDS FOR THE ASCEND FOUNDATION TO FURTHER THE FOUNDATION'S RESEARCH AND CONTRIBUTIONS TO THE PAN-ASIAN COMMUNITY.  
SCHOLARSHIPS AND OTHER
Program expenses$56,101.00  
Program revenue$36,237.00  
Program descriptionSCHOLARSHIPS AND OTHER  
Financial data
Expense categories (totals)
Sum (total functional expenses)$178,496.00  
Program services (total functional expenses)$157,858.00  
Management & general (total functional expenses)$15,281.00  
Fundraising (total functional expenses)$5,357.00  
Revenue
Total revenue$373,988.00$155,010.00 
Program service revenue (total)$140,397.00 $10,341.00
Revenue from contributions (total)$233,165.00 $224,894.00
Investment income$426.00  
Total unrelated business revenue$0.00  
Other revenue, current yr$0.00  
Net unrelated business taxable revenue$0.00  
Total revenue from grants, etc., current yr$233,165.00  
Gross receipts$373,988.00$155,010.00 
Sources of contributions
Revenue from all other contributions$233,165.00  
Other types of revenue
Income from dividends, interest, and similar investments$426.00  
Net rental income  $0.00
Fees for services
Fundraising service fees (total)$0.00  
Assets and liabilities
Total assets$476,199.00$280,119.00$247,458.00
Total assets, beginning of year$318,822.00$247,458.00 
Total liabilities$12,554.00$0.00$0.00
Total liabilities, beginning of year$50,669.00$0.00 
Pledges & accounts receivable, net$0.00  
Net assets$463,645.00$280,119.00 
Net assets, beginning of year$268,153.00  
Other liabilities$12,554.00  
Cash: non-interest bearing$124,071.00  
Cash: non-interest bearing, beginning of year$210,467.00  
Other financial variables
Revenue less expenses$195,492.00  
Savings & temp cash investment$348,781.00  
Accounts receivable, net$3,347.00  
Accounts payable & accrued expenses$0.00  
Total net assets or fund balances$463,645.00  
Governance and accountability
Number of voting members3  
Number of independent voting members3  
Financial sheets auditedTrue  
Audit on consolidated basisTrue  
Tax year start date2016-10-012015-07-01 
Tax year end date2017-09-302016-06-30 
Has local chaptersTrue  
Accounting methodAccrualAccrual 
Metadata about the filing
E-return type990990EZ 
Date e-filing submitted2018-10-052017-08-01 
IRS schema version2016v3.02015v3.0 
Filing identifier201802269349302140201710469349200341 
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