Nonprofit · EIN 11-3317234
ASCENDUS INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $14,826,378 | $13,244,280 | $1,582,098 | $53,358,328 | $37,404,468 | $15,953,860 |
| December 31, 2024 | 990 | $12,212,970 | $15,819,066 | -$3,606,096 | $61,543,017 | $47,171,255 | $14,371,762 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $8,564,184
- of which government grants
- $811,662
- Program service revenue
- $5,577,655
- Investment income
- $684,539
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $910,197
- Other salaries and wages
- $3,603,526
- Salaries, compensation and benefits (total)
- $5,805,511
- Professional fundraising fees
- $0
- Legal fees
- $64,807
- Accounting fees
- $139,063
- Occupancy
- $157,873
- Travel
- $106,969
- Depreciation
- $47,545
- Program services (functional)
- $10,538,930
- Management and general (functional)
- $1,871,090
- Fundraising (functional)
- $834,260
Balance sheet and other
- Total assets, start of year
- $61,543,017
- Total assets, end of year
- $53,358,328
- Total liabilities, end of year
- $37,404,468
- Net assets, end of year
- $15,953,860
- Land, buildings and equipment
- $3,185
- Net assets without donor restrictions
- $11,188,526
- Net assets with donor restrictions
- $4,765,334
- Gross receipts
- $14,826,378
- Employees
- 50
- Volunteers
- 16
- Year formed
- 1996
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL QUINTERO | CEO Officer | 40 | $371,626 | $59,340 |
| ANA HAMMOCK | CHIEF OPERATING OFFICER Officer | 40 | $247,000 | $23,500 |
| JOSHUA BRACKETT | CFO Officer | 40 | $187,520 | $21,210 |
| ANDREA IERACE | SVP, LENDING Highest-paid employee | 40 | $161,072 | $32,343 |
| VICTORIA N RICHARDSON | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $157,429 | $32,122 |
| JENNIFER SPAZIANO | SVP, OPERATIONS & INNOVATION Highest-paid employee | 40 | $157,170 | $31,583 |
| RODRIGO CERVEIRA | VP, CREDIT RISK Highest-paid employee | 40 | $151,101 | $37,404 |
| FABIANA A ESTRADA | REG. VP, LENDING AND BUSINESS DEV. Highest-paid employee | 40 | $144,130 | $26,858 |
| LAURA MILLER | CHAIR (OUTGOING) Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL DELEHANTY | VICE-CHAIR (INCOMING CHAIR) Trustee or director, Officer | 1 | $0 | $0 |
| AMY HELLEN | DIRECTOR (INCOMING VICE-CHAIR) Trustee or director | 1 | $0 | $0 |
| RAMONA CEDENO | DIRECTOR (INCOMING TREASURER) Trustee or director | 1 | $0 | $0 |
| TYLER VAN GUNDY | TREASURER (OUTGOING) Trustee or director, Officer | 1 | $0 | $0 |
| JESSIE CHIANG | DIRECTOR (INCOMING SECRETARY) Trustee or director | 1 | $0 | $0 |
| ROSHELLE NAGAR | SECRETARY (OUTGOING) Trustee or director, Officer | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QUENIA ABREU | DIRECTOR (OUTGOING) Trustee or director | 1 | $0 |
| ARMANDO ACOSTA | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN CASSELL | DIRECTOR Trustee or director | 1 | $0 |
| PABLO CORTINA | DIRECTOR Trustee or director | 1 | $0 |
| SANDY FERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| ZARA INGILIZIAN | DIRECTOR Trustee or director | 1 | $0 |
| DEANNA MAESTRAS | DIRECTOR Trustee or director | 1 | $0 |
| ALVIN MOORE | DIRECTOR Trustee or director | 1 | $0 |
| PERRI RICHMAN | DIRECTOR Trustee or director | 1 | $0 |
| AUGUSTO SANABRIA | DIRECTOR Trustee or director | 1 | $0 |
| JAS JEET SINGH | DIRECTOR (OUTGOING) Trustee or director | 1 | $0 |
| SHELLEY R SYLVA | DIRECTOR Trustee or director | 1 | $0 |
| JEROME WEISS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL QUINTERO | CEO Officer | 40 | $388,360 | $51,868 |
| ANA HAMMOCK | CHIEF LENDING OFFICER Officer | 40 | $232,273 | $10,300 |
| JOSHUA BRACKETT | CFO Officer | 40 | $192,403 | $25,572 |
| VICTORIA N RICHARDSON | SVP, DEVELOPMENT & COMMUNICATIONS Highest-paid employee | 40 | $159,421 | $32,952 |
| RODRIGO CERVEIRA | VP, CREDIT RISK Highest-paid employee | 40 | $148,454 | $36,018 |
| ANDREA IERACE | SVP, LENDING Highest-paid employee | 40 | $165,131 | $18,529 |
| FABIANA A ESTRADA | REG. VP, LENDING AND BUSINESS DEV. Highest-paid employee | 40 | $148,397 | $28,333 |
| JENNIFER SPAZIANO | SVP, OPERATIONS & INNOVATION Highest-paid employee | 40 | $162,273 | $13,962 |
| LAURA MILLER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL DELEHANTY | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN GALVIN | VICE-CHAIR (OUTGOING) Trustee or director, Officer | 1 | $0 | $0 |
| TYLER VAN GUNDY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROSHELLE NAGAR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| QUENIA ABREU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARMANDO ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN CASSELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAMONA CEDENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSIE CHIANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PABLO CORTINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY FERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY HELLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZARA INGILIZIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUDHIR JAIN | DIRECTOR (OUTGOING) Trustee or director | 1 | $0 | $0 |
| DEANNA MAESTRAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRI RICHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAS JEET SINGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLEY R SYLVA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEROME WEISS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 260 MADISON AVENUE 8TH FLOOR 8101, NEW YORK, NY 10016-2418
- Principal officer (990 for 2025)
- JOSHUA BRACKETT, 260 MADISON AVENUE 8TH FLOOR 8101, NEW YORK, NY 10016
- Signed the 990
- JOSHUA BRACKETT, CFO
- Phone
- (904) 437-4664
- Return prepared by
- CBIZ ADVISORS LLC
Mission
ASCENDUS EMPOWERS LOW-TO-MODERATE INCOME BUSINESS OWNERS THROUGH ACCESS TO CAPITAL AND FINANCIAL EDUCATION.
Program accomplishments
- ASCENDUS HAS TWO PRIMARY PROGRAMS, THE LARGEST OF WHICH IS THE PROVISION OF BUSINESS LOANS AND DEVELOPMENT SERVICES TO ENTREPRENEURS. WE SERVE LOW-TO MODERATE-INCOME AND UNDERSERVED ENTREPRENEURS WHO LACK ACCESS TO MAINSTREAM CREDIT SOURCES. WITH ACCESS TO CREDIT, OUR CLIENTS GO ON TO BUILD ASSETS, GROW HOUSEHOLD INCOMES AND CREATE JOBS FOR THEMSELVES AND OTHERS WITHIN THEIR LOCAL COMMUNITIES. THIS PROGRAM PROVIDES BOTH TERM AND LINE OF CREDIT OPTIONS.Expenses $6,931,614 · revenue $3,522,341
- 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 $3,607,316 · revenue $2,055,314
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3317234
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $53,358,328
- Income (IRS master file)
- $14,826,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $10,641,559 | $13,189,359 | $44,490,956 | IRS |
| 990 | December 2022 | $13,403,959 | $9,060,343 | $40,451,243 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ASCENDUS INC
- What is the EIN of ASCENDUS INC?
- The employer identification number (EIN) of ASCENDUS INC is 11-3317234.
- Is ASCENDUS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to ASCENDUS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASCENDUS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASCENDUS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASCENDUS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ASCENDUS INC?
- The 990 for the year ended December 31, 2025 names JOSHUA BRACKETT.
- Who are the officers and directors of ASCENDUS INC?
- The 990 for the year ended December 31, 2025 lists 29 people; 8 received compensation from the organization, the highest $371,626 (PAUL QUINTERO, CEO).
- How much revenue does ASCENDUS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $14,826,378, expenses of $13,244,280 and total assets of $53,358,328 at year end.
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