Ascend Learning Inc
- Assets
- $13.3m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 121
- Location
- Brooklyn, NY
- Founding
- 01/2011
- Data as of
- 06/2022
- EIN
- 33-1200239
Organization Overview
Ascend Learning Inc is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Ascend Learning Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascend Learning 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 06/2022, Ascend Learning Inc generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $16.5m during the year ending 06/2022. While expenses have increased by 11.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASCEND PROVIDES CHARTER SCHOOLS WITH EDUCATION, MANAGEMENT, AND FACILITY DEVELOPMENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCEND LEARNING, INC. OPERATES AS A CHARTER MANAGEMENT ORGANIZATION BASED IN NEW YORK CITY AND PROVIDES MANAGEMENT AND DEVELOPMENT SERVICES AND FACILITY DEVELOPMENT SERVICES FOR ASCEND CHARTER SCHOOLS, AN EDUCATION CORPORATION COMPRISED OF NINE CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlise Manuel Managing Director Of Finance | 40 | $193,473 | |
Recy Dunn Chief Executive Officer | Officer | 40 | $208,182 |
Anjya Thomas Chief Curriculum And Instructional Officer | 40 | $187,835 | |
Catherine Jessup Chief Financial Officer | Officer | 40 | $192,162 |
Janna Genzlinger Managing Director Of Leadership Development | 40 | $186,224 | |
Aaron Obrochta Managing Director Of Talent | 40 | $143,604 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lavinia Group Llc Education Consultants | 6/29/22 | $501,650 |
Herrick Feinstein Llp Legal Services | 6/29/22 | $215,772 |
Ideo Lp Consulting Services | 6/29/22 | $360,417 |
Smith & Architects Pllc Architectural Services | 6/29/22 | $182,930 |
Solomon-page Group Llc Staffing Services | 6/29/22 | $305,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,168,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,891,138 |
| Total Program Service Revenue | $16,045,385 |
| Investment income | $3,990 |
| 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 | $19,940,513 |
| 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. | $1,197,292 |
| Compensation of current officers, directors, key employees. | $95,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,183,255 |
| Pension plan accruals and contributions | $133,308 |
| Other employee benefits | $564,002 |
| Payroll taxes | $649,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,671 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,171,999 |
| Advertising and promotion | $490,308 |
| Office expenses | $357,452 |
| Information technology | $616,905 |
| Royalties | $0 |
| Occupancy | $226,500 |
| Travel | $494,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,490 |
| Interest | $43,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,802 |
| Insurance | $47,979 |
| All other expenses | $22,190 |
| Total functional expenses | $16,494,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,353 |
| Savings and temporary cash investments | $5,847,315 |
| Pledges and grants receivable | $1,577,266 |
| Accounts receivable, net | $65,190 |
| 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 | $409,121 |
| Net Land, buildings, and equipment | $673,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,497,570 |
| Total assets | $13,335,348 |
| Accounts payable and accrued expenses | $1,827,916 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,775,000 |
| Other liabilities | $0 |
| Total liabilities | $3,602,916 |
| Net assets without donor restrictions | $9,532,432 |
| Net assets with donor restrictions | $200,000 |
| 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 | $13,335,348 |