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ALBINA OPPORTUNITIES CORPORATION DBA ASCENT FUNDING

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Public IRS 990 nonprofit record

ALBINA OPPORTUNITIES CORPORATION DBA ASCENT FUNDING

EIN 20-5597705 · Urban, Community Economic Development

What they do

to CREATE FINANCIAL EQUITY and JOBS IN THE PORTLAND AREA THROUGH LENDING and BUSINESS GUIDANCE to MINORITY-OWNED, WOMEN-OWNED, DISADVANTAGED, and LOW INCOME BUSINESS COMMUNITIES. ASCENT FUNDING WAS FOUNDED to ADDRESS FINANCIAL DISCRIMINATION FACING AFRICAN-AMERICAN OWNED BUSINESSES IN THE ALBINA NEIGHBORHOOD IN NORTH/NORTHEAST PORTLAND. OUR SUPPORT for THAT COMMUNITY REMAINS STRONG, BUT OUR REACH HAS EXPANDED to INCLUDE MINORITY- and WOMEN-OWNED BUSINESSES and THOSE IN LOW INCOME COMMUNITIES THROUGHOUT THE PORTLAND METRO AREA.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $88.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.00%of revenue went to mission work88.5% of expenses · Program services
0.00%of revenue went to fundraising1.1% of expenses
0.00%of revenue went to management and office costs10.5% of expenses
$1.29in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $107,311 for ROBIN WANG (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Expenses$425,893

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$376,839 · 88.5% of expenses
Management and office costs$44,569 · 10.5% of expenses
Fundraising$4,485 · 1.1% of expenses
See all reported dollar amounts
Expenses$425,893
Assets$548,628
Income$151,485
Contributions$43,026
Mission work (program services)$376,839
Fundraising$4,485
Management and general$44,569
Executive compensation (total)$107,311
Accounting fees$20,752
People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ROBIN WANGEXECUTIVE DIRECTOR · 40 hrs/week $107,311Base $102,045 · Other $5,266

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

ROBIN WANGEXECUTIVE DIRECTOR

ALAN GARCIADIRECTOR

AMY WAYSONDIRECTOR

ART HIEMSTRADIRECTOR

BRUCE WATTSDIRECTOR

BRYSON DAVISDIRECTOR

ERIK SELDENDIRECTOR

ERIN TOCHENDIRECTOR

JEFFREY LANGDIRECTOR

MELISSA SANGERDIRECTOR

SHEILA HOLDENDIRECTOR

SHOBI DAHLDIRECTOR

WARD GREENEDIRECTOR

About this charity

Location
1515 SW FIFTH AVENUE NO 600, PORTLAND, OR 97201
County
Multnomah
In care of
ROBIN WANG
Primary officer
ROBIN WANG, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
January 1, 2019
Return type
990
Tax preparer
MCDONALD JACOBS PC
IRS tax category
Urban, Community Economic Development

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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