Ascend Inc
- Assets
- $5.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 10/2005
- Data as of
- 09/2021
- EIN
- 51-0527847
Organization Overview
Ascend Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Ascend Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascend Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Ascend Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. 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 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCEND NATIONAL CONVENTION:ASCEND NATIONAL CONVENTION AND CAREER FAIR IS THE LARGEST GATHERING OF PAN-ASIAN BUSINESS LEADERS AND PROFESSIONALS IN NORTH AMERICA. 1,800+ TOP INDUSTRY LEADERS, SENIOR EXECUTIVES AND PROFESSIONALS, ALONG WITH MBAS AND UNDERGRADUATE STUDENTS REPRESENTING 250+ CORPORATIONS AND UNIVERSITIES PARTICIPATE IN ONE WEEK OF LEADERSHIP AND PROFESSIONAL DEVELOPMENT AND NETWORKING.
PROFESSIONAL AND STUDENT CHAPTERS:ASCEND INC.'S PROFESSIONAL CHAPTERS ORGANIZE A VARIETY OF LOCAL EVENTS AND SOCIAL MIXERS, AND DELIVER LOCAL PROGRAMS SUCH AS PROFESSIONAL DEVELOPMENT WORKSHOPS, REGIONAL CONFERENCES AND MENTORING PROGRAMS. PROFESSIONAL CHAPTERS ALSO ENCOURAGE AND PROMOTE CIVIC ENGAGEMENT THROUGH COMMUNITY SERVICE. ASCEND INC.'S STUDENT CHAPTERS BRING UNIQUE VALUE TO THE MEMBERS BY CREATING A PLATFORM FOR CAREER DEVELOPMENT AND TO BUILD A NETWORK OF MENTORS AND COACHES. WITH FOCUS ON FOSTERING THE NEXT GENERATION OF PAN-ASIAN LEADERS, STUDENT CHAPTERS ORGANIZE NETWORKING EVENTS, RESUME WRITING SESSIONS, MOCK-INTERVIEWS, COMPANY VISITS, AND DELIVER PROGRAMS FOCUSED ON LEADERSHIP TRAINING.
EXECUTIVE 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tifanny Papish National Director | 40 | $124,000 | |
Katherine Lee National Director | 40 | $118,603 | |
Peyen Fong National Advisor | 40 | $110,490 | |
Jeff Chin Treasurer | OfficerTrustee | 10 | $0 |
Andrew T Hahn Secretary | OfficerTrustee | 0.5 | $0 |
Jenny C Wei VP Of Ia | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $128,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,867 |
| Noncash contributions included in lines 1a–1f | $2,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,614 |
| Total Program Service Revenue | $2,803,984 |
| Investment income | $34,549 |
| 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 | $3,173,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,127 |
| 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 | $812,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,518 |
| Payroll taxes | $64,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,934 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $482,463 |
| Advertising and promotion | $0 |
| Office expenses | $65,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,214 |
| Travel | $2,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,355 |
| All other expenses | $0 |
| Total functional expenses | $1,839,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436,729 |
| Savings and temporary cash investments | $1,052,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $539,800 |
| 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 | $11,695 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,126,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,164 |
| Total assets | $5,589,868 |
| Accounts payable and accrued expenses | $107,825 |
| Grants payable | $0 |
| Deferred revenue | $418,050 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $184,622 |
| Other liabilities | $0 |
| Total liabilities | $710,497 |
| Net assets without donor restrictions | $4,879,371 |
| 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 | $5,589,868 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ascend Inc has recieved totaling $30,800.
| Awarding Organization | Amount |
|---|---|
Armanino Foundation San Ramon, CA PURPOSE: GENERAL ASSISTANCE | $15,800 |
Association Of International Certified Professional Accountants Durham, NC PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sound Recording Special Payments Fund New York, NY | $20,084,543 | $13,023,174 |
Meet Ac Atlantic City, NJ | $1,297,633 | $9,877,625 |
Southern Tier Rural Integrated Performing Provider System Inc Binghamton, NY | $93,646,541 | $188,761 |
Hong Kong Trade Development Council Inc New York, NY | $1,322,669 | $4,447,221 |
Plumb Club Of New York State Inc Englewood, NJ | $4,015,109 | $3,124,546 |
Leadingage Pa Mechanicsburg, PA | $5,513,628 | $3,623,011 |
Hydraulic Institute Parsippany, NJ | $5,955,075 | $2,798,484 |
International Association Of Credit Portfolio Managers Inc New York, NY | $3,469,133 | $2,422,450 |
Call Before You Dig Inc Hamden, CT | $1,482,458 | $2,467,576 |
New England Trade Adjustment Assistance Center Inc North Billerica, MA | $129,956 | $1,964,794 |
Ascend Inc New York, NY | $5,589,868 | $3,173,147 |
Rhode Island Lumber & Building Material Dealers Association Rensselaer, NY | $6,807,037 | $1,588,921 |