2024-10-11T13:13:20-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 834584093 SHARED ASCENT FUND SHAR 9164425057 400 CAPITOL MALL 2150 SACRAMENTO CA 95814 AVI GARBOW PRESIDENT 9164425057 2024-10-11 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2024-10-15 13:58:12Z AVI GARBOW 400 CAPITOL MALL 2150 SACRAMENTO CA 95814 9880461 0 X SHAREDASCENTFUND.ORG X 2019 DE SEE PART III, LINE 1. 6 5 55 6 0 0 6027840 7587480 406350 800999 7008 422 0 1000 6441198 8389901 2221341 625000 0 0 3576362 4160594 0 0 30867 1300426 1083520 7098129 5869114 -656931 2520787 4259803 7484913 952607 1706930 3307196 5777983 SHARED ASCENT FUND'S MISSION IS TO PROMOTE THE COMMON GOOD BY UPHOLDING DEMOCRATIC VALUES, PROMOTING HEALTH, AND ADVANCING SOCIAL EQUITY. 0 0 5494275 625000 800999 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. 5494275 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 53 0 1 55 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR NY NJ MA CA IL MD MI OH OK X X X ROSINA BUGARIN 9164425057 400 CAPITOL MALL 2150 SACRAMENTO CA 95814 AVI GARBOW SEE SCH O CHAIR - AS OF 09/2023; PRESIDENT 2.00 2.00 X X 29531 68525 0 STEVE DAETZ CHAIR - UNTIL 09/2023 1.00 0.00 X X 0 0 0 JASON BURNETT DIRECTOR 1.00 1.00 X 0 0 0 CHRISTOPHER J ELLIMAN DIRECTOR 1.00 1.00 X 0 0 0 MARTHA KONGSGAARD DIRECTOR 1.00 1.00 X 0 0 0 PRESTON PINKETT III DIRECTOR 1.00 1.00 X 0 0 0 MELISSA ROY DIRECTOR 1.00 1.00 X 0 0 0 ROSINA BUGARIN SEE SCH O TREASURER & CHIEF FINANCIAL OFFICER 2.00 2.00 X 15039 31727 0 HELENA CHOI SEE SCH O SECRETARY AND VICE PRESIDENT 1.00 1.00 X 3038 7519 0 JAMIE HART DIR COALITION TO EXPAND CONTRACEPTIVE ACCESS 40.00 0.00 X 326339 0 41672 MICHAEL PIERCE DIR STUDENT BORROWER PROTECTION CENTER 40.00 0.00 X 244741 0 31772 LISA STERN DEP DIR COALITION TO EXPAND CONTRACEPTIVE ACCESS 40.00 0.00 X 223475 0 20492 PERSIS SICHING YU POLICY DIR & MAN. COUNS., STDNT BWR PROT. CTR 40.00 0.00 X 207750 0 13045 SHEILA DESAI RESEARCH DIR. 40.00 0.00 X 161001 0 27352 1210914 107771 134333 14 0 1 0 CSR OPERATIONS LLC 1717 N STREET NW SUITE 1 WASHINGTON DC 20036 CONSULTING 123561 1 25000 7562480 1490560 7587480 CONTRACT SERVICES 900099 800999 800999 800999 4432 4432 1000 0 1000 1000 1000 1486550 1490560 -4010 -4010 -4010 8389901 800999 0 1422 X 625000 625000 47608 1181 40816 5611 3291461 3163155 110967 17339 215675 204391 9801 1483 338490 320777 15387 2326 267360 253369 12153 1838 32624 32624 21175 21175 117 117 592241 580576 11665 20669 17933 2540 196 73317 53923 18335 1059 97336 90336 6558 442 108573 108466 107 7366 6992 374 1484 1287 182 15 54830 54830 SUBSCRIPTIONS 30349 26330 3728 291 PAYROLL SERVICE FEES 19721 18689 896 136 PROF. DEVELOPMENT 8358 7918 383 57 FILING FEES 7695 6676 945 74 7665 7276 389 5869114 5494275 343972 30867 722762 0 2031322 3401832 1021794 3391218 75400 325007 21332 88819 387193 278037 4259803 7484913 397483 727529 166687 500000 388437 479401 952607 1706930 X 316074 820340 2991122 4957643 3307196 5777983 4259803 7484913 X 2520787 -50000 X 0 1 X 1 0 X 1050000 1738692 8646643 6027840 7587480 25050655 1050000 1738692 8646643 6027840 7587480 25050655 13270770 11779885 1056 1205 409 4342 5432 12444 25063099 1242349 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION FILED A SHORT PERIOD RETURN IN ITS FIRST YEAR OF OPERATION (2019). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 144 0 0 144 0 PART II-B, LINE 1: STUDENT LOAN FORGIVENESS ADVOCACY 0 LEASE LIABILITY 329401 REFUNDABLE ADVANCE 150000 479401 8339784 0 8339784 117 50000 50117 8389901 5868997 0 5868997 117 117 5869114 PART XI, LINE 4B - OTHER ADJUSTMENTS: REFUND OF UNSPENT GRANT FUNDS 50,000. 1 CAMPAIGN LEGAL CENTER INC 1101 14TH STREET NW SUITE 400 WASHINGTON DC 20005 043608387 501(C)(3) 250000 0 GENERAL SUPPORT CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGTON INC 1331 F STREET SUITE 900 WASHINGTON DC 20004 030445391 501(C)(3) 250000 0 GENERAL SUPPORT CONSTITUTIONAL ACCOUNTABILITY CENTER 1200 18TH STREET NW SUITE 501 WASHINGTON DC 20036 522063854 501(C)(3) 100000 0 GENERAL SUPPORT ASIAN AMERICANS ADVANCING JUSTICE 1620 L STREET NW SUITE 1050 WASHINGTON DC 20036 133619000 501(C)(3) 25000 0 GENERAL SUPPORT 4 0 PART I, LINE 2: BEFORE AWARDING A GRANT TO A U.S.-BASED ORGANIZATION, SAF REQUIRES DOCUMENTATION FROM THE APPLICANT THAT ESTABLISHES AND DESCRIBES THAT ORGANIZATION'S LEGAL STATUS, PURPOSE, AND MISSION. IN THE POST-AWARD STAGES, SAF MONITORS PROGRESS OF ITS GRANTS THROUGH VARIOUS REQUIREMENTS WHICH MAY INCLUDE: REQUESTING PERIODIC REPORTS FROM GRANTEES DESCRIBING GRANT ACTIVITIES, PROGRESS, AND OUTCOMES WITH GRANT OBJECTIVES, AS WELL AS A RECONCILIATION OF GRANT EXPENDITURES WITH THE PROPOSAL BUDGET, PERIODIC CHECK-IN CALLS AND MEETINGS WITH GRANTEES: AND/OR PERIODIC FIELD VISITS FOR SIGNIFICANT PROJECTS. ALL GRANTS MUST BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES. 0 0 0 0 0 0 0 1 0 JAMIE HART DIR COALITION TO EXPAND CONTRACEPTIVE ACCESS 314339 0 12000 0 0 0 23130 0 18542 0 368011 0 0 0 MICHAEL PIERCE DIR STUDENT BORROWER PROTECTION CENTER 244741 0 0 0 0 0 5451 0 26321 0 276513 0 0 0 LISA STERN DEP DIR COALITION TO EXPAND CONTRACEPTIVE ACCESS 206475 0 17000 0 0 0 9600 0 10892 0 243967 0 0 0 PERSIS SICHING YU POLICY DIR & MAN. COUNS., STDNT BWR PROT. CTR 207750 0 0 0 0 0 10518 0 2527 0 220795 0 0 0 SHEILA DESAI RESEARCH DIR. 149001 0 12000 0 0 0 10502 0 16850 0 188353 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID BONUSES TO THE INDIVIDUALS LISTED ON SCHED J, PART II. SEE COL (II). X 1 1490560 FMV 0 0 0 PART I, COLUMN (B): SAF REPORTS THE NUMBER OF CONTRIBUTIONS IN THIS COLUMN. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY OUTSIDE TAX ACCOUNTANTS, REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. IT IS THEN SENT TO ALL VOTING MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY COVERS OFFICERS AND DIRECTORS, WHO ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY IN WRITING AND PRIOR TO ANY VOTE BY THE BOARD OF DIRECTORS IN WHICH A CONFLICT EXISTS OR APPEARS TO EXIST. THE BOARD OF DIRECTORS DETERMINES IF AN ACTUAL OR APPARENT CONFLICT EXISTS AND IS RESPONSIBLE FOR ANY REQUIRED REVIEW AND ACTION. IN ALL CASES, BOARD MEMBERS RECUSE THEMSELVES FROM VOTING IN CASE OF CONFLICTS OF INTEREST. ADDITIONALLY, A CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE POLICY MANUAL. UPON HIRE, EMPLOYEES ARE REQUIRED TO READ IT AND ACKNOWLEDGE THAT THEY ARE FAMILIAR WITH AND WILL OBSERVE THE POLICY; ACTUAL, POTENTIAL OR PERCEIVED CONFLICTS MUST BE REPORTED TO EXECUTIVE MANAGEMENT FOR REVIEW PRIOR TO THE RELEVANT DECISION. FORM 990, PART VI, SECTION B, LINE 15 RESOURCES LEGACY FUND (RLF) IS AN UNRELATED ORGANIZATION THAT WORKS WITH SAF. THE RLF GOVERNANCE COMMITTEE, ON BEHALF OF THE RLF BOARD, ENGAGED AN OUTSIDE CONSULTANT TO REVIEW THE EXECUTIVE COMPENSATION OF PEERS, TO ASSESS EXECUTIVE COMPENSATION, AND TO PROVIDE AN INDEPENDENT OPINION REGARDING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THIS PROCESS IS DOCUMENTED. THE POSITIONS OF PRESIDENT, SECRETARY, AND TREASURER WERE INCLUDED IN THIS ASSESSMENT ALONG WITH OTHER KEY EMPLOYEES. THIS PROCESS IS UNDERTAKEN EVERY 3 YEARS AND WAS LAST COMPLETED IN 2021. OUTSIDE OF THIS PROCESS, THE PRESIDENT'S COMPENSATION REVIEW IS COMPLETED ANNUALLY BY THE RLF GOVERNANCE COMMITTEE AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 AUDITED STATEMENTS AND 990 TAX RETURNS ARE AVAILABLE AND DOWNLOADABLE FROM SAF'S WEBSITE. FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTOR EXPENSES (SEE BELOW FOR DETAILS): PROGRAM SERVICE EXPENSES 580,576. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 580,576. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,665. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,665. FORM 990, PART IX, LINE 11G, CONTRACTOR FEES (ABOVE): FEES INCLUDE PAYMENTS TO VENDORS FOR SCIENTIFIC STUDIES, STRATEGIC COMMUNICATIONS, MAPPING, CONSERVATION EXPERTISE, PROGRAM DESIGN, MANAGEMENT AND EVALUATION, PREPARATION OF ENVRIONMENTAL DOCUMENTS REQUIRED FOR PROJECTS BY GOVERNMENTAL AGENCIES, AND POLICY RESEARCH AND ANALYSIS. FORM 990, PART XI, LINE 9: REFUND OF UNSPENT GRANT FUNDS -50,000. FORM 990, PART VII, SECTION A SHARED ASCENT FUND AND RESOURCES LEGACY FUND (RLF), AN UNRELATED ORGANIZATION, ARE PARTY TO A COST SHARING REIMBURSEMENT AGREEMENT UNDER WHICH SHARED ASCENT REIMBURSES RLF FOR DIRECT AND INDIRECT COSTS, INCLUDING PERSONNEL COSTS, INCURRED ON BEHALF OF SHARED ASCENT. AS A PART OF THAT, SHARED ASCENT REIMBURSED RLF FOR PERSONNEL COSTS FOR AVI GARBOW, ROSINA BUGARIN, AND HELENA CHOI, AS WELL AS OTHER SHARED STAFF. SAF PAYS SOME PAYROLL TAXES DIRECTLY; RESOURCE LEGACY FUND SATISFIES THE REMAINING EMPLOYMENT TAX-RELATED OBLIGATIONS ON BEHALF OF SAF. RLF'S COMPENSATION OF $29,531 TO AVI GARBOW, $15,039 TO ROSINA BUGARIN, AND $3,038 TO HELENA CHOI, RESPECTIVELY, WAS REIMBURSED BY SHARED ASCENT TO RLF AND HAS BEEN REPORTED ON PART VII OF THE RETURN FOR THOSE INDIVIDUALS. FUND FOR A BETTER FUTURE 400 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 812319758 PROMOTE THE COMMON GOOD - DEMOCRATIC VALUES, HEALTH, SOC. EQUITY, & ENVIRON. DE 501(C)(4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0