Ascend Charter Schools
- Assets
- $45.2m
- Revenue
- $130.1m
- Investments
- $0.0
- Employees
- 879
- Location
- Brooklyn, NY
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 45-3957158
Organization Overview
Ascend Charter Schools is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ascend Charter Schools employed 879 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascend Charter Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ascend Charter Schools generated $130.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.3% each year . All expenses for the organization totaled $116.5m during the year ending 06/2021. While expenses have increased by 60.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP EVERY STUDENT WITH THE KNOWLEDGE, CONFIDENCE, AND CHARACTER TO SUCCEED IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCEND CHARTER SCHOOLS IS A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS SERVING 5,980 STUDENTS IN 10 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zelda Washington Principal | 60 | $193,175 | |
Billie Quigley Principal | 60 | $167,119 | |
Pascale Artamin Principal | 60 | $165,141 | |
Tracy Deoliveira-Lewis Principal | 60 | $164,708 | |
Livia Angiolillo Principal | 60 | $147,829 | |
Glenn Hopps Co-Treasurer | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martinez Cleaning Company Inc Custodial Services | 6/29/21 | $1,198,990 |
Port53 Technologies Inc It Services | 6/29/21 | $129,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,159,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,258,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,418,239 |
| Total Program Service Revenue | $120,607,454 |
| Investment income | $5,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,071,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,971,679 |
| Pension plan accruals and contributions | $624,810 |
| Other employee benefits | $6,263,972 |
| Payroll taxes | $4,117,827 |
| Fees for services: Management | $16,041,302 |
| Fees for services: Legal | $69,143 |
| Fees for services: Accounting | $120,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,226,722 |
| Advertising and promotion | $90,389 |
| Office expenses | $1,477,033 |
| Information technology | $1,936,503 |
| Royalties | $0 |
| Occupancy | $25,805,671 |
| Travel | $218,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $181,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,210,863 |
| Insurance | $593,265 |
| All other expenses | $699,082 |
| Total functional expenses | $116,547,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,743,715 |
| Savings and temporary cash investments | $23,296,518 |
| Pledges and grants receivable | $3,465,648 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $510,686 |
| Net Land, buildings, and equipment | $13,981,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,183,650 |
| Total assets | $45,182,055 |
| Accounts payable and accrued expenses | $5,801,689 |
| Grants payable | $0 |
| Deferred revenue | $34,342 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,203,049 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,686,079 |
| Total liabilities | $36,725,159 |
| Net assets without donor restrictions | $8,456,896 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,182,055 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ascend Charter Schools has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $10,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $10,000 |
Kpmg U S Foundation Inc Montvale, NJ PURPOSE: GENERAL SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Success Academy Charter Schools - Nyc New York, NY | $153,203,967 | $391,023,772 |
Achievement First Brooklyn Charter Schools New Haven, CT | $54,254,449 | $167,076,018 |
Uncommon New York City Charter Schools New York, NY | $122,371,103 | $160,782,001 |
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Team Academy Charter School Inc Newark, NJ | $62,784,056 | $112,036,254 |
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |