Nonprofits›Ascendus Inc

Community Improvement

Ascendus Inc

NEW YORK, NY

Website

Total revenue

$12.2M

Total expenses

$15.8M

Net assets

$14.4M

Grants received

$10.1M

81 grants

EIN

113317234

Tax year

2024

Mission

Ascendus empowers low-to-moderate income business owners through access to capital and financial education.

Programs

1 program

In the second program, ascendus participates in partnership programs where loans are originated and portions are sold to the partner organization. This program provides both a liqudity and risk mitigation allowing ascendus to make more loans serving more clients than it would without these programs. Loan participations range from 75%-95% depending on the partner.

Expenses: $3.3M

Financials

FY 2024

Revenue

Contributions & grants$5.3M
Program service revenue$6.4M
Investment income$518K
Other revenue—
Total revenue$12.2M

Expenses

Grants paid—
Salaries & benefits$7.2M
Fundraising$810K
Other expenses$8.6M
Total expenses$15.8M
Total assets$61.5M
Net assets$14.4M

People

29 listed

NameRoleCompensation

PAUL QUINTERO

CEO

Board

$388K

40 hrs/wk

ANA HAMMOCK

CHIEF LENDING OFFICER

Board

$232K

40 hrs/wk

JOSHUA BRACKETT

CFO

Board

$192K

40 hrs/wk

RAMONA CEDENO

DIRECTOR

Board

—

1 hrs/wk

JESSIE CHIANG

DIRECTOR

Board

—

1 hrs/wk

PABLO CORTINA

DIRECTOR

Board

—

1 hrs/wk

SANDY FERNANDEZ

DIRECTOR

Board

—

1 hrs/wk

AMY HELLEN

DIRECTOR

Board

—

1 hrs/wk

JOSEPH HERNANDEZ

DIRECTOR

Board

—

1 hrs/wk

LAURA MILLER

CHAIR

Board

—

1 hrs/wk

SUDHIR JAIN

DIRECTOR (OUTGOING)

Board

—

1 hrs/wk

DEANNA MAESTRAS

DIRECTOR

Board

—

1 hrs/wk

PERRI RICHMAN

DIRECTOR

Board

—

1 hrs/wk

JAS JEET SINGH

DIRECTOR

Board

—

1 hrs/wk

SHELLEY R SYLVA

DIRECTOR

Board

—

1 hrs/wk

JEROME WEISS

DIRECTOR

Board

—

1 hrs/wk

ZARA INGILIZIAN

DIRECTOR

Board

—

1 hrs/wk

DANIEL DELEHANTY

VICE-CHAIR

Board

—

1 hrs/wk

COLLEEN GALVIN

VICE-CHAIR (OUTGOING)

Board

—

1 hrs/wk

TYLER VAN GUNDY

TREASURER

Board

—

1 hrs/wk

ROSHELLE NAGAR

SECRETARY

Board

—

1 hrs/wk

QUENIA ABREU

DIRECTOR

Board

—

1 hrs/wk

ARMANDO ACOSTA

DIRECTOR

Board

—

1 hrs/wk

STEPHEN CASSELL

DIRECTOR

Board

—

1 hrs/wk

ANDREA IERACE

SVP, LENDING

Staff

$165K

40 hrs/wk

JENNIFER SPAZIANO

SVP, OPERATIONS & INNOVATION

Staff

$162K

40 hrs/wk

VICTORIA N RICHARDSON

SVP, DEVELOPMENT & COMMUNICATIONS

Staff

$159K

40 hrs/wk

RODRIGO CERVEIRA

VP, CREDIT RISK

Staff

$148K

40 hrs/wk

FABIANA A ESTRADA

REG. VP, LENDING AND BUSINESS DEV.

Staff

$148K

40 hrs/wk

Grants received

Showing 81 of 81

FromAmountPurposeYear
FIDELITY FOUNDATION
$300K
PROGRAM DEVELOPMENT / EVALUATION
2024
TIDES FOUNDATION
$250K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2024
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2024
NETWORK FOR GOOD
$31K
UNRESTRICTED
2024
Webster Bank Charitable Foundation
$10K
Ascendus' 2024 New York Small Business Lending and Financial Education Program
2024
TR UW HELEN F KIMBALL-THE MOSES KIMBALL
$7K
SMALL BUSINESS LENDING & FINANCIAL EDUCATION PROGRAM
2024
JPMORGAN CHASE FOUNDATION
$350
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
TIDES FOUNDATION
$250K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
The Winston-Salem Foundation
$200K
1 grant(s) for varying purposes
2023
THE CLARK FOUNDATION
$175K
GENERAL SUPPORT FOR NEW YORK PROGRAM
2023
GREAT RIVERS COMMUNITY TRUST
$101K
GENERAL SUPPORT
2023
The Bank of America Charitable Foundation Inc
$100K
PROGRAM/OPERATING SUPPORT
2023
Eastern Bank Foundation
$100K
EXEMPT PURPOSE
2023
Boston Foundation Inc
$77K
Operating Support/Annual Fund
2023
NDC HOUSING & ECONOMIC DEVELOPMENT
$56K
OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)
2023
Amplify Her Charitable Foundation
$50K
unrestricted
2023
NETWORK FOR GOOD
$46K
UNRESTRICTED
2023
COMMUNITY REINVESTMENT FUND INC
$19K
OPERATING SUPPORT
2023
The Bank of America Charitable Foundation Inc
$15K
PROGRAM/OPERATING SUPPORT
2023
THE VIDDA FOUNDATION
$10K
NYC small business lending and financial education program
2023
Webster Bank Charitable Foundation
$10K
New York Small Business Lending & Financial Education program support
2023
THE HYDE AND WATSON FOUNDATION
$9K
PURCHASE OF COMPUTER EQUIPMENT.
2023
TR UW HELEN F KIMBALL-THE MOSES KIMBALL
$7K
SMALL BUSINESS LENDING & FINANCIAL EDUCATION PROGRAM
2023
JPMORGAN CHASE FOUNDATION
$200
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
Boston Foundation Inc
$936K
Operating Support/Annual Fund
2022
RESTAURANT WORKERS' COMMUNITY
$375K
TO SUPPORT THE ORGANIZATION'S MISSION.
2022
TIDES FOUNDATION
$255K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
TIDES FOUNDATION
$255K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
The Bank of America Charitable Foundation Inc
$200K
PROGRAM/OPERATING SUPPORT
2022
THE CLARK FOUNDATION
$175K
GENERAL SUPPORT FOR NEW YORK PROGRAM
2022
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2022
GREAT RIVERS COMMUNITY TRUST
$60K
GENERAL SUPPORT
2022
NETWORK FOR GOOD
$42K
UNRESTRICTED
2022
The Bank of America Charitable Foundation Inc
$25K
PROGRAM/OPERATING SUPPORT
2022
COMMUNITY REINVESTMENT FUND INC
$19K
OPERATING SUPPORT
2022
The Bank of America Charitable Foundation Inc
$15K
PROGRAM/OPERATING SUPPORT
2022
Webster Bank Charitable Foundation
$10K
Program Support - New York Small Business Lending & Financial Education Program
2022
TR UW HELEN F KIMBALL-THE MOSES KIMBALL
$10K
SMALL BUSINESS RESILIENCY & GROWTH FOR ENTREPRENEURS
2022
THE VIDDA FOUNDATION
$10K
NYC small business lending and financial education program
2022
THE HYDE AND WATSON FOUNDATION
$9K
PURCHASE OF COMPUTER EQUIPMENT.
2022
Cambridge Savings Charitable
$3K
EXEPMT PRUPOSE
2022
JPMORGAN CHASE FOUNDATION
$200
GENERAL OPERATING SUPPORT
2022
ACCION OPPORTUNITY FUND INC
$215K
MICRO-LENDING ACTIVITES & PROGRAM SUPPORT
2021
The Bank of America Charitable Foundation Inc
$150K
OPERATIONAL SUPPORT
2021
OPPORTUNITY FINANCE NETWORK
$125K
OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG
2021
THE BLACKBAUD GIVING FUND
$101K
GENERAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$101K
GENERAL SUPPORT
2021
NETWORK FOR GOOD
$51K
UNRESTRICTED
2021
The Bank of America Charitable Foundation Inc
$25K
OPERATIONAL SUPPORT
2021
DONOR ADVISED CHARITABLE GIVING INC
$15K
PUBLIC, SOCIETAL BENEFIT
2021
The Bank of America Charitable Foundation Inc
$15K
OPERATIONAL SUPPORT
2021
MUFG UNION BANK FOUNDATION AG
$10K
CHARITABLE
2021
THE HYDE AND WATSON FOUNDATION
$9K
PURCHASE AND INSTALLATION OF COMPUTER EQUIPMENT.
2021
TR UW HELEN F KIMBALL-THE MOSES KIMBALL
$7K
COVID-19 RELIEF
2021
COMERICA CHARITABLE FOUNDATION
$5K
2021 Florida COVID-19 Relief & Recovery Program
2021
Cambridge Savings Charitable
$3K
EXEMPT PURPOSE
2021
INVESTORS FOUNDATION INC
$3K
GENERAL SUPPORT
2021
The Bank of America Charitable Foundation Inc
$500
OPERATIONAL SUPPORT
2021
RESTAURANT WORKERS' COMMUNITY
$1.2M
TO SUPPORT THE ORGANIZATIONS MISSION.
2020
CITI FOUNDATION
$1M
ACCION COVID-19 RELIEF PROGRAM IN NEW YORK & SOUTH FLORIDA
2020
The Chicago Community Trust
$400K
TO SUPPORT TECHNOLOGY, STAFF, AND OTHER STRATEGIES FOR INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS
2020
ACCION OPPORTUNITY FUND INC
$303K
MICRO-LENDING ACTIVITES & PROGRAM SUPPORT
2020
ROBIN HOOD FOUNDATION
$213K
GENERAL
2020
NETWORK FOR GOOD
$43K
Unrestricted
2020
COMMUNITY REINVESTMENT FUND INC
$35K
GENERAL SUPPORT
2020
GREAT RIVERS COMMUNITY TRUST
$14K
GENERAL SUPPORT
2020
FJC
$10K
GENERAL OPERATING SUPPORT
2020
BROOKLYN COMMUNITY FOUNDATION
$10K
GENERAL SUPPORT
2020
BROOKLYN COMMUNITY FOUNDATION
$10K
GENERAL SUPPORT
2020
THE VIDDA FOUNDATION
$10K
Operating Support
2020
DONOR ADVISED CHARITABLE GIVING INC
$8K
PUBLIC, SOCIETAL BENEFIT
2020
TR UW HELEN F KIMBALL-THE MOSES KIMBALL
$7K
COVID-19 RELIEF
2020
TD CHARITABLE FOUNDATION
$200K
MAINE TO MIAMI SMALL BUSINESS LENDING AND FINANCIAL EDUCATION PROGRAM
2019
TD CHARITABLE FOUNDATION
$100K
MAINE TO MIAMI SMALL BUSINESS LENDING AND FINANCIAL EDUCATION PROGRAM
2019
Boston Foundation Inc
$25K
Emergency Support
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2019
ACCION OPPORTUNITY FUND INC
$391K
MICRO-LENDING ACTIVITIES
2018
NETWORK FOR GOOD
$58K
Unrestricted
2018
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$8K
For grant recipient's exempt purposes
2018
NYBDC LOCAL DEVELOPMENT CORPORATION
$796K
TO ADDRESS INCOME INEQUALITY IN NEW YORK CITY BY PROVIDING CAPITAL TO BUSINESSES AND ENTREPRENEURS IN HIGHLY DISTRESSED NEIGHBORHOODS.
2017
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$6K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$10.1M from 34 funders · 81 grants · 2017–2024

Restaurant Workers' Community

$1.6M · 2 grants · 2020–2022

Boston Foundation Inc

$1.0M · 3 grants · 2019–2023

Tides Foundation

$1.0M · 4 grants · 2022–2024

Citi Foundation

$1M · 1 grant · 2020

Accion Opportunity Fund Inc

$909K · 3 grants · 2018–2021

Nybdc Local Development Corporation

$796K · 1 grant · 2017

The Bank of America Charitable Foundation Inc

$546K · 9 grants · 2021–2023

The Blackbaud Giving Fund

$402K · 4 grants · 2021–2024

Details

EIN113317234
NTEE codeS400
Subsection03
Ruling date1997-04
Formed1996
Employees58
Volunteers19
ASCENDUS INC — Mission, Financials & Grants Received | Grantivo