ACE ACADEMY

Address
7807 CALDWELL ROAD
HARRISBURG, NC 28075
Nonprofit
EIN: 32-0407024
Year formed: 2012

Mission

ACE ACADEMY WILL EQUIP STUDENTS FROM ALL BACKGROUNDS TO SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE BY DRIVING ACADEMIC EXCELLENCE, DEVELOPING A STRONG MINDSET, AND INSTILLING AN ENTREPRENEURIAL MINDSET.
 2017
Basic features of the organization
Year of formation2012
Subsection code03
PF filing required0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$14,198.00
Number of employees43
Number of volunteers3
Personnel
Amador, Ofelia
TitleTREASURER
Name of key/compensated personOFELIA AMADOR
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org2.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Davis, Yolanda
TitleBOARD MEMBER
Name of key/compensated personYOLANDA DAVIS
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org2.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Hammond, Dawn
TitleBOARD MEMBER
Name of key/compensated personDAWN HAMMOND
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org2.00
Reportable compensation from org$14,198.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Hunter, Eugene
TitleBOARD MEMBER
Name of key/compensated personEUGENE HUNTER
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org2.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Minott, Laila
TitleEXECUTIVE DI
Name of key/compensated personLAILA MINOTT
Position of compensated person
Current officerTrue
Average hours per week working for org2.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Smalls, Shawn
TitleVICE CHAIR
Name of key/compensated personSHAWN SMALLS
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org2.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Thorpe, Adolphe
TitleCHAIR
Name of key/compensated personADOLPHE THORPE
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org2.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesACE ACADEMY WILL EQUIP STUDENTS FROM ALL BACKGROUNDS TO SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE BY DRIVING ACADEMIC EXCELLENCE, DEVELOPING A STRONG MINDSET, AND INSTILLING AN ENTREPRENEURIAL MINDSET.
Program service expenses, total$1,841,349.00
Programs, including revenue & expenses
A.C.E. ACADEMY IS A PUBLIC, TUITION-FREE K-8 CHARTER SCHOOL DEDICATED TO PREPARING STUDENTS FOR SUCCESS IN HIGH SCHOOL AND BEYOND.
Program expenses$1,841,349.00
Program revenue$209,857.00
Program descriptionA.C.E. ACADEMY IS A PUBLIC, TUITION-FREE K-8 CHARTER SCHOOL DEDICATED TO PREPARING STUDENTS FOR SUCCESS IN HIGH SCHOOL AND BEYOND.
Financial data
Revenue
Total revenue$3,285,050.00
Revenue from contributions (total)$3,075,193.00
Investment income, current yr$0.00
Total revenue from grants, etc., current yr$3,075,193.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Program service revenue (total)$209,857.00
Gross receipts$3,285,050.00
Sources of contributions
Revenue from gov't grants$3,075,193.00
Expense categories (totals)
Total functional expenses: sum of all$2,884,919.00
Total functional expenses: program service $1,841,349.00
Total functional expenses: management and general$1,043,570.00
Total functional expenses: fundraising$0.00
Fees for services
Fundraising service fees (total)$0.00
Assets and liabilities
Total assets$580,918.00
Total assets, beginning of year$192,216.00
Total liabilities$34,926.00
Total liabilities, beginning of year$46,355.00
Unrestricted net assets, end of yr$545,992.00
Net assets$545,992.00
Net assets, beginning of year$145,861.00
Other assets$3,700.00
Cash: non-interest bearing$291,063.00
Cash: non-interest bearing, beginning of year$106,745.00
Other financial variables
Revenue less expenses$400,131.00
Accounts receivable, net$58,946.00
Accounts payable & accrued expenses$34,926.00
Total net assets or fund balances$545,992.00
Depreciation, depletion, amortization$8,046.00
Governance and accountability
Number of voting members6
Number of independent voting members6
Financial sheets auditedTrue
Accrual accountingTrue
Tax year start date2016-07-01
Tax year end date2017-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
Reason for form submission
Address changeTrue
Date e-filing submitted2018-03-26
IRS schema version2016v3.1
Filing identifier201830579349301203
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