Civic Intelligence

Ace Foundation Inc.

990PF • Fiscal year 2021 • EIN 11-3237003

Nov 01, 2020 to Oct 31, 2021 • Filed on Sep 14, 2022

Organization Profile
1650 49th StreetBrooklyn, NY 11204

(718) 431-2355

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$21,096,740

Down $2,636,134 (-11%) from 2020

Net Assets

Down

$21,075,740

Down $2,654,094 (-11%) from 2020

Liabilities

Up

$21,000

Up $17,960 (+591%) from 2020

Revenue And Expenses

Revenue

Down

$296,793

Down $991,900 (-77%) from 2020

Expenses

Down

$2,950,887

Down $1,755,139 (-37%) from 2020

Net Income

Up

-$2,654,094

Up $763,239 (+22%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$21,096,740
Liabilities$21,000
Net Assets$21,075,740
Open 2021 Filing

Operations Trend

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

2021

Revenue$296,793
Expenses$2,950,887
Net Income-$2,654,094
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Sep 14, 2022
Return Version
2020v4.0
Compensation and Service Providers

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
2022-09-14
Discuss with paid preparer
Yes

Preparer

Firm
Daniel D Baumann CPA
Address
1132 East 12th Street, Brooklyn, NY 11230
Preparer
Daniel Baumann
Phone
7182535451
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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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OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt0259936
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt1640
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt236242
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt3-25
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0259936
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt1640
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt236242
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt3-25
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron Elbogen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-14
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 Baumann
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-09-14T16:55:25-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Aaron
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Elbogen
ReturnHeader/TaxPeriodBeginDt02020-11-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,096,740
Liabilities
$21,000
Net assets
$21,075,740
Revenue
$296,793
Expenses
$2,950,887
Net income
-$2,654,094
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