Shared Ascent Fund
- Assets
- $7.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 55
- Location
- Sacramento, CA
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-4584093
Organization Overview
Shared Ascent Fund is located in Sacramento, CA. The organization was established in 2019. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Shared Ascent Fund employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shared Ascent Fund 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 12/2023, Shared Ascent Fund generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $5.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shared Ascent Fund has awarded 35 individual grants totaling $8,981,341. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, SHARED ASCENT FUND (SAF) SUPPORTED EFFORTS TO MAINTAIN AND STRENGTHEN VOTING RIGHTS; STRENGTHEN HEALTH CARE POLICIES AND ACCESS FOR ALL; AND COUNTER SYSTEMIC RACISM IN AMERICA. IN ADDITION TO GRANTMAKING, SAF SERVES AS FISCAL SPONSOR--PROVIDING ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES--OF THE STUDENT BORROWER PROTECTION CENTER, WHICH HAS BEEN SUCCESSFULLY LEADING A NATIONWIDE EFFORT TO PROTECT STUDENT LOAN BORROWERS AND HALT WIDESPREAD ABUSES BY THE STUDENT LOAN INDUSTRY, AND TO THE COALITION TO EXPAND CONTRACEPTIVE ACCESS, WHICH WORKS TO EXPAND CONTRACEPTIVE ACCESS BY LEVERAGING POLICY AND RESEARCH TO ADVANCE SEXUAL AND REPRODUCTIVE HEALTH EQUITY AND REPRODUCTIVE QUALITY OF LIFE FOR ALL INDIVIDUALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avi Garbow See Sch O Chair - As Of 09/2023; President | OfficerTrustee | 2 | $29,531 |
Steve Daetz Chair - Until 09/2023 | OfficerTrustee | 1 | $0 |
Jason Burnett Director | Trustee | 1 | $0 |
Christopher J Elliman Director | Trustee | 1 | $0 |
Martha Kongsgaard Director | Trustee | 1 | $0 |
Preston Pinkett III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,562,480 |
| Noncash contributions included in lines 1a–1f | $1,490,560 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,587,480 |
| Total Program Service Revenue | $800,999 |
| Investment income | $4,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | -$4,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,389,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625,000 |
| 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. | $47,608 |
| Compensation of current officers, directors, key employees. | $40,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,291,461 |
| Pension plan accruals and contributions | $215,675 |
| Other employee benefits | $338,490 |
| Payroll taxes | $267,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,624 |
| Fees for services: Accounting | $21,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117 |
| Fees for services: Other | $592,241 |
| Advertising and promotion | $0 |
| Office expenses | $20,669 |
| Information technology | $73,317 |
| Royalties | $0 |
| Occupancy | $97,336 |
| Travel | $108,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,366 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,484 |
| Insurance | $54,830 |
| All other expenses | $7,665 |
| Total functional expenses | $5,869,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,401,832 |
| Pledges and grants receivable | $3,391,218 |
| Accounts receivable, net | $325,007 |
| 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 | $88,819 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,037 |
| Total assets | $7,484,913 |
| Accounts payable and accrued expenses | $727,529 |
| Grants payable | $500,000 |
| 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 | $0 |
| Other liabilities | $479,401 |
| Total liabilities | $1,706,930 |
| Net assets without donor restrictions | $820,340 |
| Net assets with donor restrictions | $4,957,643 |
| 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 | $7,484,913 |
Grants Awarded
Over the last fiscal year, Shared Ascent Fund has awarded $625,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGTON INC PURPOSE: GENERAL SUPPORT | $250,000 |
ASIAN AMERICANS ADVANCING JUSTICE PURPOSE: GENERAL SUPPORT | $25,000 |
CAMPAIGN LEGAL CENTER INC PURPOSE: GENERAL SUPPORT | $250,000 |
CONSTITUTIONAL ACCOUNTABILITY CENTER PURPOSE: GENERAL SUPPORT | $100,000 |