Ascending Way Inc
- Assets
- $403.5k
- Revenue
- $9.7k
- Investments
- $395.3k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-3901518
Organization Overview
Ascending Way Inc is located in Los Altos, CA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascending Way Inc 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 12/2022, Ascending Way Inc generated $9.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (39.5%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
07/18/2018 DONATION CASH TO HEART OF HOPE ASIAN AMERICAN HOSPICE CHECK : GENERAL DONATION.
02/27/2018 DONATION CASH TO OMF WF DEBIT CARD: TO MISSIONARY SUPPORT.
09/30/2018 DONATION CASH TO KERALA FLOOD RELIEF EFFORTS CREDIT CARD: TO DISASTER RELIEF.
11/18/2018 DONATION CASH TO US FOUNDATION FOR LIBERTY AND HUMAN RIGHT CREDIT CARD : TO SUPPORT THE NEED OF IRANIAN EXILES IN ALBANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chin-Peng Dow CEO | 2 | $0 | |
Anny Dow Director | 2 | $0 | |
Ancy Dow Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $411 |
| Depreciation | $95 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,178 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,579 |
| Contributions, gifts, grants paid | $11,814 |
| Total expenses and disbursements | $14,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,404 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $527 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,190 |
| Net Land, buildings, and equipment | $246 |
| Other assets | $0 |
| Total assets | $403,520 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $646 |
| Total liabilities | $646 |
Grants Awarded
Over the last fiscal year, Ascending Way Inc has awarded $11,814 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED HELP UKRAINE PURPOSE: CHARITABLE | $1,100 |
NOVA UKRAINE PURPOSE: CHARITABLE | $1,000 |
COMPASSION INTERNATIONAL PURPOSE: CHARITABLE | $1,414 |
ABUNDANT LIFE CHRISTIAN FELLOWSHIP PURPOSE: CHARITABLE | $8,000 |
CHURCH OF THE BELOVED PURPOSE: CHARITABLE | $300 |