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ASCENDUS EMPOWERS LOW-TO-MODERATE INCOME BUSINESS OWNERS THROUGH ACCESS TO CAPITAL AND FINANCIAL EDUCATION. WITH ECONOMIC OPPORTUNITY, THESE ENTREPRENEURS, OFTEN MINORITIES AND WOMEN, CAN BUILD ASSETS, BETTER PROVIDE FOR THEIR FAMILIES, CREATE EMPLOYMENT AND STRENGTHEN THEIR COMMUNITIES.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$10.6M
Program Spending
73%
of total expenses go to program services
Total Contributions
$5.2M
Total Expenses
▼$13.2M
Total Assets
$44.5M
Total Liabilities
▼$26.5M
Net Assets
$18M
Officer Compensation
→$871.7K
Other Salaries
$4.1M
Investment Income
$393.3K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$20.9M
Awards Found
27
Small Business Administration
$1.2M
ASCENDUS, INC. (FKA ACCION EAST), NY THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$960.5K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$951.6K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Department of the Treasury
$797.9K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Small Business Administration
$784.4K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$661.6K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$505K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Small Business Administration
$300.5K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$200K
FY22 PRIME TECHNICAL ASSISTANCE ACCION EAST INC DBA ASCENDUS
Small Business Administration
$200K
SCENDUS, INC. THE PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT OF 1999 (THE PRIME ACT) BECAME LAW ON NOVEMBER 12, 1999 WITH THE PASSAGE OF PUB. L. NO. 106-102 (15 U.S.C. 6901 NOTE). THE PRIME ACT AUTHORIZES THE SBA ADMINISTRATOR TO ESTABLISH A PROGRAM FOR THE PURPOSES OF: (I) PROVIDING TRAINING AND TECHNICAL ASSISTANCE TO DISADVANTAGED ENTREPRENEURS; (II) PROVIDING TRAINING AND CAPACITY BUIL
Small Business Administration
$168K
TECHNICAL ASSISTANCE MICROLOAN AWARD
Small Business Administration
$162.7K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$110.1K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
8
Clean Audits
8
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2023 | Clean | Unmodified (Clean) | $3.6M | Yes | 2024-05-13 |
| 2022 | Clean | Unmodified (Clean) | $3M | Yes | 2023-09-24 |
| 2021 | Clean | Unmodified (Clean) | $2.8M | Yes | 2022-06-29 |
| 2020 | Clean | Unmodified (Clean) | $4M | Yes | 2021-06-29 |
| 2019 | Clean | Unmodified (Clean) | $4.1M | Yes | 2020-06-21 |
| 2018 | Clean | Unmodified (Clean) | $6.2M | Yes | 2019-06-13 |
| 2017 | Clean | Unmodified (Clean) | $6.2M | Yes | 2018-08-05 |
| 2016 | Clean | Unmodified (Clean) | $7.8M | Yes | 2017-07-06 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.8M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $10.6M | $5.2M | $13.2M | $44.5M | $18M |
| 2022 | $13.4M | $9.8M | $9.1M | $40.5M | $20.8M |
| 2021 | $14.6M | $8M | $7.8M | $45.8M | $16.4M |
| 2020 | $12.4M | $9M | $9.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Paul Quintero | CEO | 40 | $438.1K | $0 | $28.9K | $467.1K |
| Ana Hammock | Chief Lending Officer | 40 | $241.9K | $0 | $0 | $241.9K |
| Joshua Brackett | CFO | 40 | $146.7K | $0 | $16.1K | $162.7K |
| Laura Miller | Chair | 1 | $0 | $0 | $0 | $0 |
| Tyler Van Gundy | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Roshelle Nagar | Secretary | 1 | $0 | $0 | $0 | $0 |
| Colleen Galvin | Vice-chair | 1 | $0 | $0 | $0 | $0 |
| Kimberly Johnson | Treasurer (outgoing) | 1 | $0 | $0 | $0 | $0 |
Paul Quintero
CEO
$467.1K
Hrs/Wk
40
Compensation
$438.1K
Related Orgs
$0
Other
$28.9K
Ana Hammock
Chief Lending Officer
$241.9K
Hrs/Wk
40
Compensation
$241.9K
Related Orgs
$0
Other
$0
Joshua Brackett
CFO
$162.7K
Hrs/Wk
40
Compensation
$146.7K
Related Orgs
$0
Other
$16.1K
Laura Miller
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tyler Van Gundy
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Roshelle Nagar
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Colleen Galvin
Vice-chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kimberly Johnson
Treasurer (outgoing)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Rodrigo Cerveira | V.p. Credit Risk & Loan Se | 40 | $168.8K | $0 | $30.1K | $198.9K |
| Victoria N Richardson | V.p Of Development & Commu | 40 | $171K | $0 | $27.7K | $198.7K |
| Fabiana A Estrada | Director Of Lending | 40 | $171.6K |
Rodrigo Cerveira
V.p. Credit Risk & Loan Se
$198.9K
Hrs/Wk
40
Compensation
$168.8K
Related Orgs
$0
Other
$30.1K
Victoria N Richardson
V.p Of Development & Commu
$198.7K
Hrs/Wk
40
Compensation
$171K
Related Orgs
$0
Other
$27.7K
Fabiana A Estrada
Director Of Lending
$193.9K
Hrs/Wk
40
Compensation
$171.6K
Related Orgs
$0
Other
$22.3K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Amy Hellen | Director | 1 | $0 | $0 | $0 | $0 |
| Armando Acosta | Director | 1 | $0 | $0 | $0 | $0 |
| Daniel Delehanty | Director | 1 | $0 | $0 | $0 | $0 |
| Jas Jeet Singh | Director | 1 | $0 | $0 | $0 | $0 |
| Jerome Weiss | Director | 1 | $0 | $0 | $0 | $0 |
| Joseph Hernandez | Director |
Amy Hellen
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Armando Acosta
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Daniel Delehanty
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $33M |
| $8.8M |
| 2019 | $7.1M | $3.9M | $8.9M | $22.6M | $5.6M |
| 2018 | $7.2M | $4.5M | $11.4M | $24.2M | $7.5M |
| 2017 | $9.2M | $6.3M | $7.7M | $27.8M | $11.7M |
| 2016 | $8.6M | $6.1M | $7.4M | $25.5M | $10.2M |
| 2015 | $8M | $5.8M | $6.5M | $20.7M | $9M |
| 2014 | $6.5M | $4.7M | $5.6M | $15.2M | $7.5M |
| 2013 | $6.6M | $5.2M | $5.7M | $17.2M | $6.5M |
| 2012 | $5.4M | $4.5M | $5.7M | $12.8M | $5.6M |
| 2011 | $5M | $4.3M | $4.2M | $12.9M | $5.7M |
| 2010 | $5.5M | $4.7M | $3.6M | $12.4M | $4.5M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | Data |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $22.3K |
| $193.9K |
| Andrea Ierace | VP Of Lending | 40 | $177K | $0 | $11.2K | $188.2K |
| Jennifer Spaziano | V.p. Tech & Innovation | 40 | $181.4K | $0 | $0 | $181.4K |
Andrea Ierace
VP Of Lending
$188.2K
Hrs/Wk
40
Compensation
$177K
Related Orgs
$0
Other
$11.2K
Jennifer Spaziano
V.p. Tech & Innovation
$181.4K
Hrs/Wk
40
Compensation
$181.4K
Related Orgs
$0
Other
$0
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Lisa Servon | Director (outgoing) | 1 | $0 | $0 | $0 | $0 |
| Pablo Cortina | Director | 1 | $0 | $0 | $0 | $0 |
| Perri Richman | Director | 1 | $0 | $0 | $0 | $0 |
| Quenia Abreu | Director | 1 | $0 | $0 | $0 | $0 |
| Shelley R Sylva | Director | 1 | $0 | $0 | $0 | $0 |
| Stephen Cassell | Director | 1 | $0 | $0 | $0 | $0 |
| Sudhir Jain | Director | 1 | $0 | $0 | $0 | $0 |
| Zara Ingilizian | Director | 1 | $0 | $0 | $0 | $0 |
Jas Jeet Singh
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jerome Weiss
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Hernandez
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Servon
Director (outgoing)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Pablo Cortina
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Perri Richman
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Quenia Abreu
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shelley R Sylva
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stephen Cassell
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sudhir Jain
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Zara Ingilizian
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0