irs program accomplishments · form 990 part iii · fy2022
What they reported doing
- #1 primary $314KAscend PinnacleAscend Pinnacle is an initiative focused on Pan-Asian corporate board directors that aims to further support and strengthen networking amongst the group, sharing common business interests, and developing candidates for future Board service. The vision of Ascend Pinnacle is to help corporations enhance their business objectives by increasing the number of Asian American corporate board directors. Ascend Pinnacle was launched in 2014 and is the only network of its kind. Ascend Pinnacle hosts the Asian Corporate Directors Summit, an annual event for Asian American experienced corporate directors and senior corporate executives; the Aspiring Director Academy (ADA), a year round cohort based Board readiness program for senior executives who aspire to join a public company or large private company board in the next 1-3 years; regional roundtable events held in major cities throughout the year; and engages in thought leadership regarding corporate board issues.
named programs · 3 · from sources
What they call their work
Ascend Impact Fund
Initiative to combat anti-Asian racism through advocacy, education, and community engagement, expanding on Ascend’s 18+ years of leadership development and the 5-Point Action Agenda.
Ascend Pinnacle
Network for Pan-Asian corporate board directors offering the Asian Corporate Directors Summit, Aspiring Director Academy, regional roundtables, and thought leadership to increase Asian American representation on Fortune 1000 boards.
Feed Your Hospital
Program delivering meals to frontline healthcare workers during the pandemic by supporting local Asian restaurants in heavily impacted communities.
activities · 3 groups
What they do
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Women's Leadership & Career Advancement Networks 2 activities
- Advancing Asian American representation on Fortune 1000 corporate boards through the Pinnacle initiativeLaunched the Pinnacle initiative to increase the representation of Asian Americans on Fortune 1000 corporate boards to reflect their proportion in the workforce, using targeted programming and leadership development.
- Operating Ascend Pinnacle network for Asian American corporate board directorsOperates Ascend Pinnacle, a program that includes the Asian Corporate Directors Summit, the Aspiring Director Academy (ADA), regional roundtables, and thought leadership on corporate governance to advance Asian American representation in corporate leadership.
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Anti-Hate Incident Response & Support 1 activity
- Funding and supporting advocacy to combat anti-Asian racism through the Ascend Impact FundOperates the Ascend Impact Fund to raise awareness of anti-Asian racism through advocacy, education, and community engagement, supported by a 5-Point Action Agenda developed with over 150 partner organizations.
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Food Distribution and Hunger Relief 1 activity
- Providing meals to frontline healthcare workers via local Asian restaurants during the pandemicDelivered meals to frontline healthcare workers during the COVID-19 pandemic by contracting with local Asian restaurants in heavily impacted U.S. communities, supporting both public health workers and small businesses.
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financials · form 990 · fy2023
revenue
Total revenue$3.09M
Contributions & grants$1.54M50%
Program service revenue$202K7%
Investment income$178K6%
Other revenue$1.18M
expenses
Total expenses$1.41M
Program expenses78%
Admin / overhead10%
Fundraising12%
Salaries & benefits$437K
Grants paid out$259K
Largest expense lineCompensation
balance sheet
Total assets$10.31M
Cash$1.78M
Investments$8.23M
Liabilities$667K
Net assets$9.64M
Liquid reserves84.9 mo
5 years on record · 2019–2023 · YoY revenue +14.9%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Peyen Fong | Natl Programs & Marketing Ad | 0 | $151K |
board members · 5
- Anna Mok — President & Chair
- Dylan Jeng — Board Member
- Jeff Chin — Treasurer
- Jenny Wei — Secretary
- Sandeep Gupta — Board Member
relationships · 1
Who they work with
- over 150 organizations Partner — Collaborated with over 150 organizations and supporting companies to launch the 5-Point Action Agenda through the Ascend Impact Fund.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Anti-Racism Coalition Buildingmethodology: anti-racism-coalition-buildingBy combining education, advocacy, and broad coalition-building, we drive systemic and sustainable change in combating anti-Asian racism because multi-sector alliances amplify impact and institutionalize equity efforts.
- Leadership Network Developmentmethodology: leadership-network-developmentBy building a dedicated network for Asian American senior executives, we increase their representation on corporate boards because peer connections and shared business insights prepare them for governance roles and improve pipeline readiness.