Friends Of@ascend Charter Schools Inc

Organization Overview

Friends Of@ascend Charter Schools Inc is located in Brooklyn, NY. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of@ascend Charter Schools 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 06/2021, Friends Of@ascend Charter Schools Inc generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $15.3m during the year ending 06/2021. While expenses have increased by 22.8% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE OPERATIONS OF ASCEND CHARTER SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SUPPORTS THE OPERATIONS OF ASCEND CHARTER SCHOOLS ("ACS"), A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS LOCATED IN BROOKLYN, NEW YORK, BY MANAGING ACS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE ORGANIZATION TO PROVIDE SUPPORT TO ACS AND ENHANCE THE EXPERIENCE OF ACS' STUDENTS. THE ORGANIZATION LEASES FACILITIES TO ACS.


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Board, Officers & Key Employees

Name (title)Compensation
Jonathan Rosenberg
President
$0
James Ford
Treasurer
$0
Neil Shapiro
Secretary
$0
Rick Arroyo
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Executive Cleaning
Custodial Services
$166,248
Martinez Cleaning Company Llc
Custodial Services
$1,514,118
Bloodhound Investigations
Security Services
$126,920
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$16,135,713
Investment income $157
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 $16,135,870

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