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ASCEND EDUCATIONAL FUND: Form 990EZ, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ASCEND EDUCATIONAL FUND (EIN 46-1140658)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-15
IRS object ID
201711359349207511
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-15T18:08:03-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461140658EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASCEND EDUCATIONAL FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlASCEBusinessNameControlTxt
Phone9727620961PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 Second Avenue Apt 31AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonErika ZamoraPersonNm
Person TitleTreasurerPersonTitleTxt
Phone9727620961PhoneNum
Signature2017-05-15SignatureDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address107.77.224.109IPv4AddressTxt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website Addresswww.ascendfundny.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$101,721GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$101,721ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$0InvestmentIncomeAmt
Sale Of Assets Gross$0SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$0OtherRevenueTotalAmt
Total Revenue$101,721TotalRevenueAmt
Grants And Similar Amounts Paid$0GrantsAndSimilarAmountsPaidAmt
Benefits Paid To Or For Members$0BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$0SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$0FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$0OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$27PrintingPublicationsPostageAmt
Other Expenses Total$17,606OtherExpensesTotalAmt
Total Expenses$17,633TotalExpensesAmt
Excess Or Deficit For Year$84,088ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$5,952NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$39,312OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$50,728NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$91,413BOYAmt
EOY$111,567EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$16,514BOYAmt
EOY$29,661EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$107,927BOYAmt
EOY$141,228EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$101,975BOYAmt
EOY$90,500EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$5,952BOYAmt
EOY$50,728EOYAmt
FieldValueIRS element (for citing)
Primary Exempt Purpose501(3)c status for education organization as an organization that awards scholarships to high school seniors.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomAEF awards scholarship awards to high achieving high school seniors attending a New York City high school and attended an accredited college in the fall semester after graduating from high school. All funds raised so towards scholarships awards that are awarded in May/June of each year. Currently there are 32 scholarships have been awarded for an average of 8 scholarships per year ranging from $2,500 to $20,000 for four years.DescriptionProgramSrvcAccomTxt
Grants And Allocations$63,000GrantsAndAllocationsAmt
Program Service Expenses$17,633ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$17,633TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Julissa Arce
Chairman of the Board5$0$0$0
Celeste Everett
Secretary5$0$0$0
Diana Melencio
Director5$0$0$0
Robert Stenz
Director0$0$0$0
Erika Zamora
Treasurer5$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Form1120 Pol Filed0Form1120PolFiledInd
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonErika ZamoraPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 Second Avenue Apt 31AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd
FieldValueIRS element (for citing)
Phone9727620961PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$42,944CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,484CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$99,073CurrentTaxYearMinus1YearAmt
Current Tax Year$101,721CurrentTaxYearAmt
Total$335,222TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,944CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,484CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$99,073CurrentTaxYearMinus1YearAmt
Current Tax Year$101,721CurrentTaxYearAmt
Total$335,222TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$335,222PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,944CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,484CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$99,073CurrentTaxYearMinus1YearAmt
Current Tax Year$101,721CurrentTaxYearAmt
Total$335,222TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 16Administrative expenses, Website Domain, Paypal & Evenbrite fees & Square Fees, 2016 Gala-Décor Expenses/Student Speaker/Caterer Exp /Step & Repeat/WeWork Space, 2016 Picnic,206 Interview weekend
Form 990-EZ, Part I, Line 20Scholarship payments made
Form 990-EZ, Part II, Line 24Accounts Receivable (pledged donations)
Form 990-EZ, Part II, Line 26Scholarship payments

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