Civic Intelligence

Ace Foundation Inc.

990 • Fiscal year 2015 • EIN 26-0302036

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileWWW.THEACEFOUNDATION.ORG
6445 Sunset DriveMiami, FL 33143

(305) 669-2906

Siviq Scores

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

Liabilities / Assets

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

1.11x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

98th percentile

856%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

159%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$132,670

Up $118,797 (+856%) from 2014

Net Assets

Down

-$3,954

Down $17,827 (-129%) from 2014

Liabilities

Up

$136,624

Up $136,624 from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin19th percentile

Revenue

Up

$122,669

Up $75,308 (+159%) from 2014

Expenses

Up

$140,496

Up $101,149 (+257%) from 2014

Net Income

Down

-$17,827

Down $25,841 (-322%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2013: $7,999Liabilities 2013: $2,140Net Assets 2013: $5,8592013Assets 2014: $13,873Liabilities 2014: $0Net Assets 2014: $13,8732014Assets 2015: $132,670Liabilities 2015: $136,624Net Assets 2015: -$3,9542015Assets 2016: $346,954Liabilities 2016: $69,457Net Assets 2016: $277,4972016Assets 2017: $359,254Liabilities 2017: $38,047Net Assets 2017: $321,2072017Assets 2018: $264,023Liabilities 2018: $27,576Net Assets 2018: $236,4472018Assets 2019: $145,840Liabilities 2019: $6,712Net Assets 2019: $139,1282019Assets 2020: $223,585Liabilities 2020: $49,500Net Assets 2020: $174,0852020Assets 2021: $187,474Liabilities 2021: $1,429Net Assets 2021: $186,0452021Assets 2022: $1,199,813Liabilities 2022: $0Net Assets 2022: $1,199,8132022Assets 2023: $1,302,294Liabilities 2023: $0Net Assets 2023: $1,302,2942023Assets 2024: $1,151,651Liabilities 2024: $12,825Net Assets 2024: $1,138,8262024

Highlighted filing

2015

Assets$132,670
Liabilities$136,624
Net Assets-$3,954
Open 2015 Filing

Operations Trend

Revenue Growth95th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $17,572Expenses 2013: $9,073Net Income 2013: $8,4992013Revenue 2014: $47,361Expenses 2014: $39,347Net Income 2014: $8,0142014Revenue 2015: $122,669Expenses 2015: $140,496Net Income 2015: -$17,8272015Revenue 2016: $501,657Expenses 2016: $219,826Net Income 2016: $281,8312016Revenue 2017: $2,579,124Expenses 2017: $2,535,414Net Income 2017: $43,7102017Revenue 2018: $3,651,332Expenses 2018: $3,736,092Net Income 2018: -$84,7602018Revenue 2019: $688,633Expenses 2019: $785,952Net Income 2019: -$97,3192019Revenue 2020: $562,946Expenses 2020: $527,537Net Income 2020: $35,4092020Revenue 2021: $405,816Expenses 2021: $393,856Net Income 2021: $11,9602021Revenue 2022: $2,078,496Expenses 2022: $1,061,205Net Income 2022: $1,017,2912022Revenue 2023: $1,097,700Expenses 2023: $995,219Net Income 2023: $102,4812023Revenue 2024: $897,884Expenses 2024: $1,061,352Net Income 2024: -$163,4682024

Highlighted filing

2015

Revenue$122,669
Expenses$140,496
Net Income-$17,827
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$367,669
Mission and Program Overview

Mission

The ace foundation was established to support educational projects and events that enhance the public education system and increase student achievement. The mission of the foundation is to enhance the educational opportunities of charter school students by providing financial and community-based resources to supplement charter school programs and initiatives.the purpose of the organization is to allocate resources to improve the education effort through initiatives such as teacher and school grants, student scholarships, and recognition of educational excellence. The organization conducts fundraising activities and sponsors annual events such as art auctions/recognition ceremonies to raise funds for educational not-for profit entities in the community.

The mission of the foundation is to enhance the educational opportunities of charter school students by providing financial and community-based resources to supplement charter school programs and initiatives.the ace foundation was established to support educational projects and events that enhance the public education system and increase student achievement.the purpose of the organization is to allocate resources to improve the education effort through initiatives such as teacher and school grants, and recognition of educational excellence. Theorganization conducts fundraising activities and sponsors annual eventssuch as art auctions/recognition ceremonies to raise funds foreducational not-for-profit entities in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$66,735-
Cash and Non-Interest-Bearing Accounts$13,873$65,935▲ $52,062
Total Assets$13,873$132,670▲ $118,797
Liabilities
Other Liabilities$0$128,348▲ $128,348
Accounts Payable and Accrued Expenses-$8,276-
Total Liabilities$0$136,624▲ $136,624
Net Assets / Fund Balance
Unrestricted Net Assets$13,873$-3,954▼ $17,827
Total Net Assets Fund Balance$13,873$-3,954▼ $17,827
Total Liabilities and Net Assets / Fund Balance$13,873$132,670▲ $118,797
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Mr Charles a GibsonBoard Chair and President
Mr Robert HaagDirector
Ms Athena GuillenDirector
Ms Stella SantamariaDirector
Ms Susie DopicoDirector
Mr Daniel DiazExecutive Director
Ms Eleonora CuestaSecretary
Mr Ryan ReevesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$280,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-157,831
All Other Contributions
$25,000
Change in Net Assets
$-17,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,195--$4,195
All Other Expenses$452$1,031-$1,483
Other Expenses$128,348$1,061-$1,061
Office Expenses$62$844-$906
Fees for Services Accounting-$700-$700
Advertising$302--$302
Total Functional Expenses$133,359$7,137$0$140,496
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$200,576
Fundraising Gross Income$32,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
End of Year Event$134,750$25,750$119,337$-93,587
NEW YEAR'S EVENT$153,265$6,765$81,239$-74,474
Total Events$288,015$32,515$200,576$-168,061
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Adp Totalsource Co Xxiii Inc.$128,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have separate committees with the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is provided to the board for review before it is submitted to the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The executive director oversees activities and informs the board of any possible conflicts. The board requires disclosure at board meetings for approval of any projects requiring a vote.”

Form 990, Part VI, Section C, Line 18

“This information is already available via www.guidestar.org”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Ace Foundation Inc
EIN
26-0302036
Phone
3056692906
Address
6445 SUNSET DRIVE, MIAMI, FL 33143

Signing Officer

Name
Daniel Diaz
Title
Executive Director
Phone
3056692906
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Daniel Diaz
Formed
2007
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
7

Preparer

Firm
Hlb Gravier Llp
Address
396 ALHAMBRA CIRCLE SUITE 900, CORAL GABLES, FL 33134-5095
Preparer
Leonardo D Gravier
Phone
3054463022
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Telephone expenses: program service expenses 0. Management and general expenses 565. Fundraising expenses 0. Total expenses 565. Meals and entertainment: program service expenses 452. Management and general expenses 0. Fundraising expenses 0. Total expenses 452. Computer expenses: program service expenses 0. Management and general expenses 343. Fundraising expenses 0. Total expenses 343. Taxes and licenses: program service expenses 0. Management and general expenses 123. Fundraising expenses 0. Total expenses 123.”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0128348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ADP TOTALSOURCE CO XXIII INC.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0128348
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0255500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0109000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0146500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0200576
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0END OF YEAR EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0NEW YEAR'S EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0134750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0153265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0288015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06765
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032515
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-168061
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0200576
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0119337
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt081239
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE SEPARATE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR OVERSEES ACTIVITIES AND INFORMS THE BOARD OF ANY POSSIBLE CONFLICTS. THE BOARD REQUIRES DISCLOSURE AT BOARD MEETINGS FOR APPROVAL OF ANY PROJECTS REQUIRING A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS INFORMATION IS ALREADY AVAILABLE VIA WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TELEPHONE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 565. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 565. MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 452. COMPUTER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 343. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 343. TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 123. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013873
IRS990/TotalAssetsEOYAmt0132670
IRS990/TotalAssetsGrp/BOYAmt013873
IRS990/TotalAssetsGrp/EOYAmt0132670
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0280500
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07137
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133359
IRS990/TotalFunctionalExpensesGrp/TotalAmt0140496
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0136624
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0136624
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013873
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3954
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0133359
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-168061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010230
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0122669
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013873
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132670
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt013873
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3954
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06445 SUNSET DRIVE
IRS990/USAddress/CityNm0MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033143
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.THEACEFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL DIAZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03056692906
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ACEF
ReturnHeader/Filer/EIN0260302036
ReturnHeader/Filer/PhoneNum03056692906
ReturnHeader/Filer/USAddress/AddressLine1Txt06445 SUNSET DRIVE
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033143
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204946415
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HLB GRAVIER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0396 ALHAMBRA CIRCLE SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331345095
ReturnHeader/PreparerPersonGrp/PhoneNum03054463022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARDO D GRAVIER
ReturnHeader/ReturnTs02016-11-15T13:06:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,670
Liabilities
$136,624
Net assets
-$3,954
Revenue
$122,669
Expenses
$140,496
Net income
-$17,827
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$0.90$1.06$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.10$1.00$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$2.08$1.06$1.02
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.41$0.39$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.22$0.05$0.17$0.56$0.53$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.69$0.79$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.24$3.65$3.74$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.04$0.32$2.58$2.54$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.07$0.28$0.50$0.22$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.14$0.00$0.12$0.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.05$0.04$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.02$0.01$0.01