Ascendus, Inc.
Ascendus, Inc.
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About this organization
Mission
Ascendus(formerly Accion East) empowers low- to moderate-income small business owners with access to capital and financial education. As a result, our clients create and grow healthy enterprises and contribute to thriving local economies. Since 1991, Ascendus has provided more than $200 million to 25,000 small businesses owners across the country.
About
Accion East has two primary programs, the largest of which is the provision of microloans and development services to micro-entrepreneurs (i.e., entrepreneurs that employ five or less employees). We serve low-to moderate-income, minority, immigrant and women entrepreneurs, populations that lack access to mainstream credit sources. With financial inclusion, our clients go on to build assets, grow household incomes and create jobs for themselves and others within their local communities.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “Accion 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.”.
When discussing its purpose, they were characterized as: “Accion 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.form 990, part i, line 19, revenue less expenses:given the combination of the new york and massachusetts corporations in 2008, readers should evaluate accion's performance on a consolidated basis. the massachusetts corporation (ein 04-3219159) is in the process of winding down.”.
- The state in which the non-profit is legally authorized to operate is NY, as reported.
- The filing confirms that the non-profit's address in 2020 was 80 MAIDEN LANE NO 903, NEW YORK, NY, 10038.
- The form of the non-profit reports 53 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$4,176,875.
- The organization has 17 independent voting members.
- The organization was formed in 1996.
- The organization pays $4,710,997 in salary, compensation, and benefits to its employees.
- The organization pays $771,620 in fundraising expenses.