Ascent Network
- Assets
- $70.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laguna Hills, CA
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 27-2304761
Organization Overview
Ascent Network is located in Laguna Hills, CA. The organization was established in 2014. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascent Network 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 12/2020, Ascent Network generated $198.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $226.3k during the year ending 12/2020. While expenses have increased by 5.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
EDUCATE HOMEOWNERS OF THEIR RIGHTS, NEGOTIATE LOAN MODIFICATIONS FOR CLIENTS IN FINANCIAL TROUBLE, AND CREDIT RESTORATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Huebner President | 40 | $57,415 | |
William Grider Secretary | 2 | $0 | |
Louis Lopez Vice Chairman | 2 | $0 | |
William Bowman Chairman | 2 | $0 | |
George Craig Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,100 |
| Total Program Service Revenue | $179,794 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,894 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $95,881 |
| Professional fees and other payments to independent contractors | $58,803 |
| Occupancy, rent, utilities, and maintenance | $6,885 |
| Printing, publications, postage, and shipping | $6,350 |
| Other expenses | $58,423 |
| Total expenses | $226,342 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,671 |
| Other assets | $0 |
| Total assets | $70,269 |
| Total liabilities | $237,252 |
| Net assets or fund balances | -$166,983 |
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