Ascend College Prep
- Assets
- $574.2k
- Revenue
- $759.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- Data as of
- 06/2023
- EIN
- 85-1435725
Organization Overview
Ascend College Prep is located in Colorado Springs, CO. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Ascend College Prep employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascend College Prep 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 06/2023, Ascend College Prep generated $759.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $761.8k during the year ending 06/2023. While expenses have increased by 36.9% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASCEND COLLEGE PREP IS A PUBLIC SECONDARY SCHOOL FOR 11TH-12TH GRADE STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT ASCEND, WE WANT OUR STUDENTS TO ASK "WHY" WE WANT THEM TO DIG DEEPER INTO THE MATERIAL INSTEAD OF SIMPLY REPLICATING THE WORK THEY HAVE BEEN SHOWN DURING A CLASS. TRUE LEARNING IS ABOUT SO MUCH MORE THAN MEMORIZING FORMULAS AND STEPS. WE WILL FOCUS ON THE UNDERLYING CONCEPTS BEHIND THE MECHANICS IN EACH COURSE AS A WAY TO MORE FULLY UNDERSTAND THE CONTENT. OUR SMALL CLASS SIZES AND APPLICATIONS-BASED CURRICULUM ALLOW US TO TAILOR INSTRUCTION TO EACH STUDENT'S INDIVIDUAL INTERESTS AND NEEDS. IN A TRADITIONAL CLASSROOM, ALL STUDENTS ARE REQUIRED TO WORK AT THE SAME PACE; THIS DOES A DISSERVICE TO THOSE STUDENTS WHO WOULD LIKE TO WORK FASTER, OR THOSE WHO REQUIRE ADDITIONAL HELP. WE WILL WORK WITH STUDENTS, ON AN INDIVIDUAL BASIS, TO CUSTOMIZE THEIR EDUCATIONAL EXPERIENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Frost President | OfficerTrustee | 2 | $0 |
Mary Szucs Vice President | OfficerTrustee | 2 | $45,001 |
Cody Dozier Secretary | OfficerTrustee | 1 | $0 |
Martha Turobiner Treasurer | OfficerTrustee | 1 | $0 |
David Vollmer Member | Trustee | 1 | $0 |
Catherine Dunham Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,191 |
| Total Program Service Revenue | $713,736 |
| Investment income | $201 |
| 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 | $759,304 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $5,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,058 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,590 |
| Insurance | $24,840 |
| All other expenses | $43,086 |
| Total functional expenses | $761,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270 |
| 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 | $0 |
| Net Land, buildings, and equipment | $474,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,883 |
| Total assets | $574,246 |
| Accounts payable and accrued expenses | $30,501 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $559,344 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $589,845 |
| Net assets without donor restrictions | -$37,599 |
| Net assets with donor restrictions | $22,000 |
| 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 | $574,246 |