Civic Intelligence

Ace Foundation Inc.

990PF • Fiscal year 2017 • EIN 11-3237003

Nov 01, 2016 to Oct 31, 2017 • Filed on Sep 14, 2018

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

50th percentile

0.00x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.00x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Source year 2017

Net Margin

60th percentile

34%

Higher net margin than 60% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

2017 filings • $25M-$50M nonprofits • Source year 2017

Asset Growth

39th percentile

2.8%

Faster asset growth than 39% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-72%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$25,517,865

Up $688,272 (+2.8%) from 2016

Net Assets

Up

$25,511,365

Up $681,772 (+2.7%) from 2016

Liabilities

Up

$6,500

Up $6,500 from 2016

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin60th percentile

Revenue

Down

$2,001,844

Down $5,147,807 (-72%) from 2016

Expenses

Up

$1,320,072

Up $421,126 (+47%) from 2016

Net Income

Down

$681,772

Down $5,568,933 (-89%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2017

Assets$25,517,865
Liabilities$6,500
Net Assets$25,511,365
Open 2017 Filing

Operations Trend

Revenue Growth11th 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

2017

Revenue$2,001,844
Expenses$1,320,072
Net Income$681,772
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Sep 14, 2018
Return Version
2016v3.0
Compensation and Service Providers
Top Officer Pay15th 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
2018-09-14
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 Appendix339 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.

Path#Value
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYBookValueAmt050840
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYBookValueAmt16400
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYBookValueAmt279453
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt012275
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm025,000 Sh AMRE, Inc.
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm13,149,999 Shs Orbit Travel
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm24,384sh JC Penny (JCP)
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt0205243
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt1184628
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt29261694
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt3266436
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt46330681
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt5632228
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt6498744
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt71436066
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt0Morgan Capital, LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt1Centurion Credit
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt2HMY Project
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt3LN/JH Investments
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt4Mercer Investors
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt5Aroya Credit LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt6AMLife III LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt7MIB life LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt8RH Life LLC
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt0205243
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt1184628
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt29261694
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt3266436
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt46330681
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt5632228
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt6498744
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt71436066
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd0FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd1FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd2FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd3FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd4FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd5FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd6FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd7FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd8FMV
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionAmt0101733
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0AMLife III LLC
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc1Aroya Credit LLC K-1
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc2Ceturion Credit Group K-1
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc3HMY Project K-1
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc4Mercer Investors K-1
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc5Morgan Capital K-1
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt058874
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt11035197
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt2-5786
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt3225802
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt434623
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt51401
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd114
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd214
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd314
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd414
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd514
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt01451844
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt01451844
IRS990PF/AnalysisOfRevenueAndExpenses/AdjustedNetIncomeAmt01451844
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt01269158
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt01269158
IRS990PF/AnalysisOfRevenueAndExpenses/ContriRcvdRevAndExpnssAmt0550000
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0681772
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavingsAdjNetIncmAmt0101733
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt0101733
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt0101733
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt01400930
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt0215
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt0215
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeAdjNetIncmAmt01350111
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeNetInvstIncmAmt01350111
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt01350111
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt08449
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt08449
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt042250
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt042250
IRS990PF/AnalysisOfRevenueAndExpenses/TotalAdjNetIncmAmt01451844
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt01269158
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt050914
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt01320072
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt01451844
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt02001844
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt050914
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt050914
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0681772
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt025511365
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt024829593
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt025511365
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt01225797
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt01225797
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt01225797
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt01239806
IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt014009
IRS990PF/DistributableAmountGrp/TotalTaxAmt014009
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/AppliedToESTaxAmt021919
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/DomesticOrgMeetingSect4940eInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt035928
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/Form2220AttachedInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt014009
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/OverpaymentAmt021919
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt014009
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt014009
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt035928
IRS990PF/FMVAssetsEOYAmt025393447
IRS990PF/Form990PFBalanceSheetsGrp/AccountsPayableEOYAmt06500
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockBOYAmt08870000
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockEOYAmt08870000
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt0136693
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt0136693
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt012275
IRS990PF/Form990PFBalanceSheetsGrp/MortgageLoansBOYAmt0244268
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowSFAS117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsBOYAmt018533702
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsEOYAmt018815720
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsEOYFMVAmt018815720
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt015959593
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt016641365
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt05914930
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt06565452
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt06565452
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt024829593
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt025517865
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt025393447
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt06500
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt024829593
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt025517865
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt024829593
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt025511365
IRS990PF/MethodOfAccountingCashInd0X
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt025173729
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt0183322
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt00
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt0377606
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt024990407
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt01239806
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt024796123
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt00
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt025173729
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Aaron Elbogen
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Chaya Elbogen
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0President
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1Vice Pres.
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt01650 49th Street
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt11650 49th Street
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0Brooklyn
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1Brooklyn
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0NY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1NY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd011204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd111204
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjNetVlNoncharitableAssetsAmt01142333
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjNonchrtblNetInvstIncmPctAmt01156342
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr1Amt0820387
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr2Amt0855470
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr3Amt0849114
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr4Amt0886338
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AdjustedQlfyDistriYr5Amt0775970
IRS990PF/QlfyUndSect4940eReducedTaxGrp/AverageDistributionRt00.046069
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr1Rt00.03837
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr2Rt00.04794
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr3Rt00.04884
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr4Rt00.05136
IRS990PF/QlfyUndSect4940eReducedTaxGrp/DistributionYr5Rt00.04384
IRS990PF/QlfyUndSect4940eReducedTaxGrp/LiableSection4942TaxInd0false
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetInvestmentIncomePctAmt014009
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsAmt024796123
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr1Amt021382864
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr2Amt017843427
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr3Amt017386899
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr4Amt017256312
IRS990PF/QlfyUndSect4940eReducedTaxGrp/NetVlNoncharitableAssetsYr5Amt017701599
IRS990PF/QlfyUndSect4940eReducedTaxGrp/QualifyingDistributionsAmt01269158
IRS990PF/QlfyUndSect4940eReducedTaxGrp/TotalDistributionRt00.230345
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt01255149
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt01269158
IRS990PF/QualifyingDistriPartXIIGrp/PctSect4940eOrgNetInvstIncmAmt014009
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt01269158
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd0false
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/ExcessBusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd0false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/MaintainedExpenditureRspnsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProceedsOrNetIncomeInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransactionsFailToQlfyAsExcInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistrIncmSect4942a2NotAppInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd0false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
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/Amt01269158
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0General Operating Budget
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0501(c)3
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0Statement 8
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/TotalGrantOrContriPdDurYrAmt01269158
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/AppliedToCurrentYearAmt0212899
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt01056259
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt01225797
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt01269158
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt01012898
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt01056259
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Aaron Elbogen
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt01650 49th Street
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Brooklyn
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd011204
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0550000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0215
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0215
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt058874
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt11035197
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt2-5786
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt3225802
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt434623
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt51401
OtherIncomeSchedule2/OtherIncomeDetail/Desc0AMLife III LLC
OtherIncomeSchedule2/OtherIncomeDetail/Desc1Aroya Credit LLC K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc2Ceturion Credit Group K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc3HMY Project K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc4Mercer Investors K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc5Morgan Capital K-1
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt058874
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt11035197
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt2-5786
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt3225802
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt434623
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt51401
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt058874
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt11035197
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt2-5786
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt3225802
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt434623
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt51401
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt08449
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Legal Fees
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt08449
TaxesSchedule/TaxesDetail/Amt042250
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Investment Tax
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt042250
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron Elbogen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-14
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/ReturnTs02018-09-14T09:48:43-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,517,865
Liabilities
$6,500
Net assets
$25,511,365
Revenue
$2,001,844
Expenses
$1,320,072
Net income
$681,772
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