Overview
What is Ascendus Inc?
Ascendus Inc is a New York-based nonprofit organization dedicated to empowering low-to-moderate income entrepreneurs, mainly from minority and women populations, by providing them with microloans and development services. These entrepreneurs often struggle to access mainstream credit sources. By granting access to credit, Ascendus enables its clients to build assets, increase household income, create jobs within their communities, and ultimately improve their economic situations. The organization's mission is rooted in financial education and economic opportunity, giving these entrepreneurs a chance to strengthen their families and communities. Ascendus employs a team of 48 individuals.
Official website here: www.ascendus.org
Is Ascendus Inc legitimate?
Ascendus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascendus Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $755,914
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,713,279
For more financial information, click here
Official website here: www.ascendus.org
What is the mission statement of Ascendus Inc?
Ascendus Inc empowers low-to-moderate income entrepreneurs by providing them with access to capital and financial education. With economic opportunities, these entrepreneurs, often minorities and women, can build assets, improve their families' livelihoods, and create employment. The organization's primary programs include the provision of microloans and development services to micro-entrepreneurs. Through these initiatives, Ascendus helps clients gain access to credit, leading to the growth of assets, increased household incomes, and the creation of jobs within their local communities.
Official website here: www.ascendus.org
Who is the CEO of Ascendus Inc?
Paul Quintero is the Director of Ascendus Inc. The CEO's salary of Ascendus Inc is $387,981 and their total compensation is $417,339.
Official website here: www.ascendus.org
What is the revenue of Ascendus Inc?
Who are the executives of Ascendus Inc and what are their salaries?
The average compensation at Ascendus Inc during 2022 was $93,108. There are 48 employees and 16 volunteers at Ascendus Inc.
Here are 24 key members and their salaries (Ascendus Inc's CEO's salary is $387,981 and their total compensation is $417,339):
- Paul Quintero (Ceo)
- Ana Hammock (Chief Lending Officer)
- Rodrigo Cerveira (V.P. Credit Risk & Loan Se)
- Fabiana A Estrada (Director Of Lending)
- Victoria N Richardson (V.P Of Development & Communications)
- Ayaz Khan (Cfo (Outgoing))
- Andrea Ierace (Vp Of Lending)
- Jennifer Spaziano (V.P. Tech & Innovation)
- Amy Hellen (Director)
- Colleen Galvin (Vice-Chair) [Trustee/Director]
- Daniel Delehanty (Director)
- Jas Jeet Singh (Director)
- Jerome Weiss (Director)
- Joseph Hernandez (Director)
- Kimberly Johnson (Treasurer) [Trustee/Director]
- Laura Miller (Chair) [Trustee/Director]
- Lisa Servon (Director)
- Pablo Cortina (Director)
- Perri Richmond (Director)
- Roshelle Nagar (Secretary) [Trustee/Director]
- Stephen Cassell (Director)
- Sudhir Jain (Director)
- Tyler Van Gundy (Director)
- Zara Ingilizian (Director)
Official website here: www.ascendus.org
Where can I find the form 990 for Ascendus Inc?
The Ascendus Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ascendus.org
Learn more at the official website: www.ascendus.org
Mission Statement of Ascendus Inc
Ascendus Inc, a nonprofit organization, strives to empower low-to-moderate income entrepreneurs by providing them with access to capital and financial education. By offering economic opportunities, Ascendus enables these entrepreneurs, who are often minorities and women, to build assets, improve their family livelihoods, and create employment opportunities within their communities.
Ascendus' primary programs focus on extending microloans and development services to micro-entrepreneurs. Serving populations that struggle to access mainstream credit sources, Ascendus aims to bridge the gap and help entrepreneurs realize their business potential. With access to credit, Ascendus clients can grow their household incomes, establish businesses, and create jobs for themselves and their neighbors. This, in turn, strengthens the overall community, fostering economic growth and self-sufficiency.
Impact
This information is meant to be a general summary of Ascendus Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ascendus Inc's impact is significant in empowering low-to-moderate income business owners by providing them with access to capital and financial education. By offering microloans and development services to micro-entrepreneurs, particularly those from minority, immigrant, and women populations who often lack access to mainstream credit sources, Ascendus enables these individuals to build assets, increase household incomes, and create jobs for themselves and others within their local communities. Through their work, Ascendus is not only supporting individual entrepreneurs but also contributing to the overall economic growth and community improvement.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$2,272,018
LOAN PORTFOLIO INCOME
Revenue
$922,191
Organization Details
Founding Year
1996
Phone
(646) 833-4514
Principal Officer
Paul Quintero
Main Address
25 BROADWAY FLOOR 10, NEW YORK, NY, 10004
Website
www.ascendus.org
NTEE Category
Code: S400 - Community improvement
If you are a representative of Ascendus Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.