Ascend Cares Foundation
- Assets
- $729.4k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 90-0709302
Organization Overview
Ascend Cares Foundation is located in Houston, TX. The organization was established in 2011. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascend Cares Foundation 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 12/2022, Ascend Cares Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 17.4% per year over the past 4 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.
Since 2020, Ascend Cares Foundation has awarded 102 individual grants totaling $1,644,236. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SHALL PROVIDES AID TO VICTIMS OF NATURAL OR CIVIL DISASTERS OR EMERGENCY HARDSHIPS AND SUPPORT THE EFFORTS OF RELIEF ORGANIZATIONS. FURTHERMORE THE CORPORATION, PROVIDES SCHOLARSHIPS AND SUPPORT THE EFFORTS OF VARIOUS NOT FOR PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASCEND CARES FOUNDATION SERVES ALL AREAS WHERE ASCEND PERFORMANCE MATERIALS HAS A PRESENCE BY FUNDING VARIOUS NONPROFITS PROGRAMS, AND PROJECTS BENEFITTING THE NEEDY AND THE COMMUNITY AS A WHOLE.
ORGANIZATION EXPENSES
THE ASCEND CARES FOUNDATION AWARDS SCHOLARSHIPS BASED ON FINANCIAL NEED ACADEMIC PERFORMANCE AND COMMUNITY SERVICE. APPLICANTS EXPLAIN THEIR FINANCIAL NEED AND COMMUNITY SERVICE IN AN ESSAY FORMAT; PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL. TO BE ELIGIABLE, APPLICANTS MUST ATTEND A 4 YEAR COLLEGE OR JUNIOR COLLEGE, AND MUST BE CHILDREN OR DEPENDENTS OF EMPLOYEES IN GOOD STANDING. IN 2022, 100 SCHOLARSHIPS WERE AWARDED.
THE PURPOSE OF THE GRANT IS TO SUPPORT SEVERAL ASCEND EMPLOYEES AND THEIR FAMILY MEMBERS DURING ILLNESS OR DISASTER. TO BE ELIGIBLE THE EMPLOYEE FILLS OUT AN APPLICATION FOR ASSISTANCE AND IS APPROVED BY THE ASCEND CARES COMMITTEE. 20 HARDSHIP GRANTS WERE GIVEN DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Mcdivitt Director | Trustee | 0.5 | $0 |
Andrew Ralston Secretary | OfficerTrustee | 0.5 | $0 |
Rizwan Amanullah Director | Trustee | 0.5 | $0 |
Lynn Crear Director | Trustee | 0.5 | $0 |
Tom Boggs Chair | OfficerTrustee | 0.5 | $0 |
Scotty Hall Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $709,206 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $664,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,373,532 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $302,206 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,675,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400,487 |
| Grants and other assistance to domestic individuals. | $210,130 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | -$3,510 |
| Advertising and promotion | $54,829 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,813 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $222,094 |
| Total functional expenses | $1,891,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $438,820 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $729,356 |
| Accounts payable and accrued expenses | $304,429 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $304,429 |
| Net assets without donor restrictions | $0 |
| 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 | $424,927 |
| Total liabilities and net assets/fund balances | $729,356 |
Grants Awarded
Over the last fiscal year, Ascend Cares Foundation has awarded $709,648 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS CLUB OF BIG LAGOON FOUNDATION PURPOSE: General Support | $7,500 |
NINETY SIX ELEMENTARY SCHOOL DISTRICT 52 PURPOSE: General Support | $8,469 |
ESCAMBIA COUNTY PUBLIC SCHOOLS FOUNDATION FOR EXCELLENCE INC PURPOSE: General Support | $17,783 |
REIMAGINE DOERS OF THE WORD PURPOSE: General Support | $7,500 |
PARENTS AND CHILDREN TOGETHER PURPOSE: General Support | $17,895 |
BOYS & GIRLS CLUBS OF THE CRESCENT REGION TEENS CENTER PURPOSE: General Support | $9,935 |