Ascend Nonprofit Solutions Annual Report FY23 - Flipbook - Page 5
FINANCIAL
MANAGEMENT
Like many local nonprofits, Communities In Schools of
Charlotte-Mecklenburg (CIS) has experienced
tremendous growth and unprecedented demand for
services since the pandemic. Their need to build
capacity and scale services quickly became a high
priority. Compounded with the retirement of their long
time finance manager, CIS turned to Ascend for help.
CIS President & CEO Men Tchaas Ari points to Ascend’s
robust experience in nonprofit finance as a leading
factor in deciding to partner with us. He shares that our
team has brought efficiencies and best practices to the
table, allowing him and his team more opportunity to
think strategically about financial management.
Without this partnership, CIS would have been left to
hire and train new staff and develop new processes and
procedures to enhance their infrastructure. Working
with Ascend for their finance needs enabled them to
remain focused on program delivery. It even created
new opportunities for collaboration as Ascend was able
to seamlessly transition CIS’s in-house accountant over
to our team!
"Since the day-to-day financial management has been
outsourced to Ascend, we now have the bandwidth to do
more forecasting and projections. I am excited that we
can spend less time focusing on tactical computations
and are able to think more strategically."
-Men Tchaas Ari, President & CEO
Communities In Schools
Accomplishments
29
Agencies Served
$77.5M
Revenue Managed
100%
Partners Received
Clean Audits
$693,762
Cost Savings for
Financial Services
