Civic Intelligence

Ace Foundation Inc.

990PF • Fiscal year 2016 • EIN 11-3237003

Nov 01, 2015 to Oct 31, 2016 • Filed on Sep 14, 2017

Organization Profile
1650 49th StreetBrooklyn, NY 11204

(718) 431-2355

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE T • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE T • $10M-$25M nonprofits • Source year 2016

Net Margin

91st percentile

87%

Higher net margin than 91% of similar nonprofits.

2016 filings • NTEE T • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE T • $10M-$25M nonprofits • Source year 2016

Asset Growth

90th percentile

34%

Faster asset growth than 90% of similar nonprofits.

2016 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

91st percentile

278%

Faster revenue growth than 91% of similar nonprofits.

2016 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$24,829,593

Up $6,242,205 (+34%) from 2015

Net Assets

Up

$24,829,593

Up $6,250,705 (+34%) from 2015

Liabilities

Down

$0

Down $8,500 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin91st percentile

Revenue

Up

$7,149,651

Up $5,258,681 (+278%) from 2015

Expenses

Down

$898,946

Down $2,097 (-0.2%) from 2015

Net Income

Up

$6,250,705

Up $5,260,778 (+531%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $16,468,858Liabilities 2011: $0Net Assets 2011: $16,468,8582011Assets 2012: $16,752,177Liabilities 2012: $0Net Assets 2012: $16,752,1772012Assets 2013: $16,958,450Liabilities 2013: $15,300Net Assets 2013: $16,943,1502013Assets 2014: $17,590,461Liabilities 2014: $1,500Net Assets 2014: $17,588,9612014Assets 2015: $18,587,388Liabilities 2015: $8,500Net Assets 2015: $18,578,8882015Assets 2016: $24,829,593Liabilities 2016: $0Net Assets 2016: $24,829,5932016Assets 2017: $25,517,865Liabilities 2017: $6,500Net Assets 2017: $25,511,3652017Assets 2018: $24,987,955Liabilities 2018: $8,680Net Assets 2018: $24,979,2752018Assets 2019: $22,468,789Liabilities 2019: $20,800Net Assets 2019: $22,447,9892019Assets 2020: $23,732,874Liabilities 2020: $3,040Net Assets 2020: $23,729,8342020Assets 2021: $21,096,740Liabilities 2021: $21,000Net Assets 2021: $21,075,7402021Assets 2022: $19,677,004Liabilities 2022: $0Net Assets 2022: $19,677,0042022Assets 2023: $18,801,795Liabilities 2023: $4,000Net Assets 2023: $18,797,7952023Assets 2024: $18,471,123Liabilities 2024: $23,012Net Assets 2024: $18,448,1112024

Highlighted filing

2016

Assets$24,829,593
Liabilities$0
Net Assets$24,829,593
Open 2016 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $784,9782011Expenses 2012: $844,0202012Revenue 2013: $1,095,480Expenses 2013: $904,507Net Income 2013: $190,9732013Revenue 2014: $1,533,467Expenses 2014: $887,656Net Income 2014: $645,8112014Revenue 2015: $1,890,970Expenses 2015: $901,043Net Income 2015: $989,9272015Revenue 2016: $7,149,651Expenses 2016: $898,946Net Income 2016: $6,250,7052016Revenue 2017: $2,001,844Expenses 2017: $1,320,072Net Income 2017: $681,7722017Revenue 2018: $505,528Expenses 2018: $1,037,618Net Income 2018: -$532,0902018Revenue 2019: $798,545Expenses 2019: $3,329,831Net Income 2019: -$2,531,2862019Revenue 2020: $1,288,693Expenses 2020: $4,706,026Net Income 2020: -$3,417,3332020Revenue 2021: $296,793Expenses 2021: $2,950,887Net Income 2021: -$2,654,0942021Revenue 2022: $1,878,909Expenses 2022: $3,277,645Net Income 2022: -$1,398,7362022Revenue 2023: $346,228Expenses 2023: $1,225,437Net Income 2023: -$879,2092023Revenue 2024: $536,462Expenses 2024: $886,146Net Income 2024: -$349,6842024

Highlighted filing

2016

Revenue$7,149,651
Expenses$898,946
Net Income$6,250,705
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Sep 14, 2017
Return Version
2015v3.0
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aaron ElbogenPresident-$0--
Chaya ElbogenVice Pres.-$0--
Filing and Contact Details

Filer

Filer Name
Ace Foundation Inc
EIN
11-3237003
Phone
7184312355
Address
1650 49th Street, Brooklyn, NY 11204

Signing Officer

Name
Aaron Elbogen
Title
President
Signed
2017-09-14
Discuss with paid preparer
Yes

Preparer

Firm
Daniel D Baumann CPA
Address
1132 East 12th Street, Brooklyn, NY 11230
Preparer
Daniel D Baumann
Phone
7182535451
Raw XML Appendix337 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt01244 49th Street
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0Brooklyn
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NY
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd011219
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NY
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0Daniel Baumann CPA
IRS990PF/StatementsRegardingActyGrp/PhoneNum07182535451
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0false
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0820387
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0General Operating Budget
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0501(c)3
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0Statement 7
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0None
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt01650 49th Street
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0Brooklyn
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd011204
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0820387
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt07962
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0812425
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt01064221
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0820387
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt01056259
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0812425
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorNum12
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Aaron Elbogen
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm1Aron Elbogen Irr Trust
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt01650 49th Street
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt11650 49th Street
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Brooklyn
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1Brooklyn
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd011204
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd111204
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd1X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0325000
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt16500000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0895
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0895
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt0222077
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt1551
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt2-22057
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt3121570
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt41762
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Aroya Credit LLC K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc1Ceturion Credit Group K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc2HMY Project K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc3Mercer Investors K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc4Morgan Capital K-1
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt0222077
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt1551
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt2-22057
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt3121570
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt41762
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0222077
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt1551
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt2-22057
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt3121570
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt41762
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt057664
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Legal Fees
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt057664
TaxesSchedule/TaxesDetail/Amt020000
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Investment Tax
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt020000
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron Elbogen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ace Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ACEF
ReturnHeader/Filer/EIN0113237003
ReturnHeader/Filer/PhoneNum07184312355
ReturnHeader/Filer/USAddress/AddressLine1Txt01650 49th Street
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Daniel D Baumann CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01132 East 12th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011230
ReturnHeader/PreparerPersonGrp/PhoneNum07182535451
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel D Baumann
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-09-14T06:49:17-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02015-11-01
ReturnHeader/TaxPeriodEndDt02016-10-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,829,593
Liabilities
$0
Net assets
$24,829,593
Revenue
$7,149,651
Expenses
$898,946
Net income
$6,250,705
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.5$0.02$18.4$0.54$0.89$0.35
2023Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$0.35$1.23$0.88
2022Detailed filing. Detailed filing data is available for this year.$19.7$0.00$19.7$1.88$3.28$1.40
2021Detailed filing. Detailed filing data is available for this year.$21.1$0.02$21.1$0.30$2.95$2.65
2020Detailed filing. Detailed filing data is available for this year.$23.7$0.00$23.7$1.29$4.71$3.42
2019Detailed filing. Detailed filing data is available for this year.$22.5$0.02$22.4$0.80$3.33$2.53
2018Detailed filing. Detailed filing data is available for this year.$25.0$0.01$25.0$0.51$1.04$0.53
2017Detailed filing. Detailed filing data is available for this year.$25.5$0.01$25.5$2.00$1.32$0.68
2016Detailed filing. Detailed filing data is available for this year.$24.8$0.00$24.8$7.15$0.90$6.25
2015Detailed filing. Detailed filing data is available for this year.$18.6$0.01$18.6$1.89$0.90$0.99
2014Detailed filing. Detailed filing data is available for this year.$17.6$0.00$17.6$1.53$0.89$0.65
2013Detailed filing. Detailed filing data is available for this year.$17.0$0.02$16.9$1.10$0.90$0.19
2012Detailed filing. Detailed filing data is available for this year.$16.8$0.00$16.8$0.84
2011Detailed filing. Detailed filing data is available for this year.$16.5$0.00$16.5$0.78