Civic Intelligence

Ace Foundation Inc.

990PF • Fiscal year 2020 • EIN 11-3237003

Nov 01, 2019 to Oct 31, 2020 • Filed on Dec 22, 2021

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

68th percentile

0.00x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.00x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Net Margin

8th percentile

-265%

Higher net margin than 8% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

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.

2020 filings • NTEE T • $10M-$25M nonprofits • Source year 2020

Asset Growth

60th percentile

5.6%

Faster asset growth than 60% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

61%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$23,732,874

Up $1,264,085 (+5.6%) from 2019

Net Assets

Up

$23,729,834

Up $1,281,845 (+5.7%) from 2019

Liabilities

Down

$3,040

Down $17,760 (-85%) from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin8th percentile

Revenue

Up

$1,288,693

Up $490,148 (+61%) from 2019

Expenses

Up

$4,706,026

Up $1,376,195 (+41%) from 2019

Net Income

Down

-$3,417,333

Down $886,047 (-35%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2020

Assets$23,732,874
Liabilities$3,040
Net Assets$23,729,834
Open 2020 Filing

Operations Trend

Revenue Growth71st 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

2020

Revenue$1,288,693
Expenses$4,706,026
Net Income-$3,417,333
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Dec 22, 2021
Return Version
2019v5.0
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
2021-12-22
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 Appendix322 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/PersonsWithBooksName/BusinessNameLine1Txt0Daniel Baumann CPA
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IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt04510507
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt03575748
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0934759
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt04694180
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IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0934759
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
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LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt01650
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt01650
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0196
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0196
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt0370706
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt1-7836
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt2122795
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt3-25
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt4789778
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Aroya Credit LLC K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc1Ceturion Credit Group K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc2Mercer Investors K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc3MIB Life LLC K-1
OtherIncomeSchedule2/OtherIncomeDetail/Desc4RH Life
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OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt1-7836
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt2122795
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt3-25
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt4789778
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OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt1-7836
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt2122795
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt3-25
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt4789778
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron Elbogen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-22
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/ReturnTs02021-12-22T13:07:10-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-11-01
ReturnHeader/TaxPeriodEndDt02020-10-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,732,874
Liabilities
$3,040
Net assets
$23,729,834
Revenue
$1,288,693
Expenses
$4,706,026
Net income
-$3,417,333
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