The information for Ascend Learning Inc is as of the organization's most recent filing in June 2020. This organization is located in Brooklyn, NY. It has been in existence for 9 years, following its founding in 2011.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Ascend Learning Inc's NTEE code is B99. The "B" tells us that the organization is classified along with Education. The "99" tells us that the organization is an Education N.E.C. The NTEE describes Education N.E.C. as organizations that provide education services where the major purpose is unclear and cannot be accurately assigned.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
The mission of Ascend Learning Inc is to provide Charter Schools with education, management, and facility development services.
Ascend Learning, Inc. is a charter management organization based in New York City that operates nine charter schools. They provide management and development services as well as facility development services for these charter schools.
Ascend Learning Inc is run by Susan Pollock, who is the President. The organization has 182 employees, of whom 85 are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 12 volunteers.
Ascend Learning Inc is an exemplary non-profit organization that is well-governed. The organization has a total of 9 voting members, all of whom are independent, eliminating the potential for conflicts of interest. Board and committee meetings are documented, and the organization has a conflict of interest policy, a whistleblower policy, and a document retention policy. Furthermore, the organization substantiates and reviews both leadership and officer salaries, and provides copies of the 990 to the board prior to filing. All of these measures demonstrate that Ascend Learning Inc is committed to upholding the highest standards of governance and transparency.
Ascend Learning Inc has grown significantly over the past five years. Contributions & Grants Received, Program Service Revenue, Investment Income, and Total Revenue have all increased, while Total Expenses and Total Employees have also increased significantly. Although Other Revenue and Total Volunteers have increased, these line items are not meaningful enough to demonstrate growth.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Margosian Interim Chief Executive Officer | Officer | 40 | $345,678 |
Emeka Ibekweh Managing Director Of Technology | 40 | $316,047 | |
Andrew Epstein Chief Financial Officer Until July 2020 | Officer | 40 | $304,484 |
Brandon Sorlie Chief Schools Officer | Officer | 40 | $252,031 |
Carl-Anthony Watson Chief Operating Officer | Officer | 40 | $221,447 |
Marsha Gadsden Managing Director Of Schools | 40 | $210,448 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Education First Consulting Llc Educational Consulting | 6/29/21 | $313,000 |
Carey Llc Executive Consulting | 6/29/21 | $184,593 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,931,444 |
All other contributions, gifts, grants, and similar amounts not included above | $1,268,475 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,199,919 |
Total Program Service Revenue | $16,041,302 |
Investment income | $1,018 |
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 | $20,246,927 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,250,000 |
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. | $1,570,346 |
Compensation of current officers, directors, key employees. | $125,628 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,565,291 |
Pension plan accruals and contributions | $151,606 |
Other employee benefits | $246,210 |
Payroll taxes | $566,751 |
Fees for services: Management | $61,886 |
Fees for services: Legal | $100,986 |
Fees for services: Accounting | $108,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,721,692 |
Advertising and promotion | $299,208 |
Office expenses | $233,406 |
Information technology | $135,457 |
Royalties | $0 |
Occupancy | $135,000 |
Travel | $120,028 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $99 |
Interest | $26,750 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $175,215 |
Insurance | $39,931 |
All other expenses | $15,593 |
Total functional expenses | $15,961,811 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $840,579 |
Savings and temporary cash investments | $6,928,247 |
Pledges and grants receivable | $1,539,026 |
Accounts receivable, net | $0 |
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 | $40,279 |
Net Land, buildings, and equipment | $193,743 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,407,963 |
Total assets | $10,949,837 |
Accounts payable and accrued expenses | $591,337 |
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 | $2,675,000 |
Other liabilities | $1,397,552 |
Total liabilities | $4,663,889 |
Net assets without donor restrictions | $6,285,948 |
Net assets with donor restrictions | $0 |
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 | $10,949,837 |
Over the last fiscal year, we have identified 6 grants that Ascend Learning Inc has recieved totaling $540,005.
Awarding Organization | Amount |
---|---|
Tiger Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $140,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE GROWTH OF HIGH-QUALITY NYC CHARTERS BY PROVIDING OPERATING SUPPORT FOR MULTIPLE NEW SCHOOLS AND BACK-OFFICE INFRASTRUCTURE SUPPORT TO BUILD THE OPERATORS CAPACITY TO ACCOMMODATE MORE RAPID GROWTH. | $100,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $50,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Organization Name | Assets | Revenue |
---|---|---|
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
Voices For Independence Erie, PA | $11,834,971 | $20,276,084 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |