Civic Intelligence

Ace Charter School

990 • Fiscal year 2022 • EIN 26-1570590

Jul 01, 2021 to Jun 30, 2022 • Filed on May 08, 2023

Organization ProfileWWW.ACECHARTER.ORG

View Organization Page

1100 Shasta Ave 250San Jose, CA 95126

(408) 295-6008

Siviq Scores

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

Liabilities / Assets

75th percentile

0.47x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

48th percentile

0.20x

Higher debt load relative to revenue than 48% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

45th percentile

4.5%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$206,581

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

67th percentile

7.5%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

12%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$9,307,537

Up $650,893 (+7.5%) from 2021

Net Assets

Up

$4,891,004

Up $1,004,235 (+26%) from 2021

Liabilities

Down

$4,416,533

Down $353,342 (-7.4%) from 2021

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin45th percentile

Revenue

Up

$22,366,734

Up $2,365,064 (+12%) from 2021

Expenses

Up

$21,362,499

Up $3,693,486 (+21%) from 2021

Net Income

Down

$1,004,235

Down $1,328,422 (-57%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$30M$20M$10M$0Assets 2012: $1,767,726Liabilities 2012: $914,019Net Assets 2012: $853,7072012Assets 2013: $2,413,489Liabilities 2013: $1,251,725Net Assets 2013: $1,161,7642013Assets 2014: $2,914,018Liabilities 2014: $1,090,000Net Assets 2014: $1,824,0182014Assets 2015: $3,596,668Liabilities 2015: $904,875Net Assets 2015: $2,691,7932015Assets 2016: $2,956,987Liabilities 2016: $1,065,170Net Assets 2016: $1,891,8172016Assets 2017: $4,704,272Liabilities 2017: $3,356,123Net Assets 2017: $1,348,1492017Assets 2018: $5,100,204Liabilities 2018: $3,998,250Net Assets 2018: $1,101,9542018Assets 2019: $4,660,787Liabilities 2019: $3,360,430Net Assets 2019: $1,300,3572019Assets 2020: $7,433,257Liabilities 2020: $5,879,145Net Assets 2020: $1,554,1122020Assets 2021: $8,656,644Liabilities 2021: $4,769,875Net Assets 2021: $3,886,7692021Assets 2022: $9,307,537Liabilities 2022: $4,416,533Net Assets 2022: $4,891,0042022Assets 2023: $26,503,525Liabilities 2023: $21,489,547Net Assets 2023: $5,013,9782023Assets 2024: $25,602,062Liabilities 2024: $19,532,954Net Assets 2024: $6,069,1082024Assets 2025: $28,351,298Liabilities 2025: $18,152,927Net Assets 2025: $10,198,3712025

Highlighted filing

2022

Assets$9,307,537
Liabilities$4,416,533
Net Assets$4,891,004
Open 2022 Filing

Operations Trend

Revenue Growth63rd percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $3,379,0922012Expenses 2013: $4,911,8022013Revenue 2014: $7,209,974Expenses 2014: $6,712,962Net Income 2014: $497,0122014Revenue 2015: $11,784,030Expenses 2015: $10,916,255Net Income 2015: $867,7752015Revenue 2016: $14,622,860Expenses 2016: $15,422,836Net Income 2016: -$799,9762016Revenue 2017: $14,743,338Expenses 2017: $15,287,006Net Income 2017: -$543,6682017Revenue 2018: $17,053,612Expenses 2018: $16,857,473Net Income 2018: $196,1392018Revenue 2019: $17,262,765Expenses 2019: $17,037,884Net Income 2019: $224,8812019Revenue 2020: $16,276,708Expenses 2020: $16,022,953Net Income 2020: $253,7552020Revenue 2021: $20,001,670Expenses 2021: $17,669,013Net Income 2021: $2,332,6572021Revenue 2022: $22,366,734Expenses 2022: $21,362,499Net Income 2022: $1,004,2352022Revenue 2023: $21,305,219Expenses 2023: $21,182,245Net Income 2023: $122,9742023Revenue 2024: $20,126,755Expenses 2024: $19,071,625Net Income 2024: $1,055,1302024Revenue 2025: $21,746,259Expenses 2025: $17,616,996Net Income 2025: $4,129,2632025

Highlighted filing

2022

Revenue$22,366,734
Expenses$21,362,499
Net Income$1,004,235
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 8, 2023
Return Version
2021v4.2
Gross Receipts
$22,366,734
Mission and Program Overview

Mission

Ace creates a welcoming community focused on growth to help students, especially those who have been neglected, see they belong in school. By learning optimism, self-confidence and ambition, students are poised to thrive in college and beyond.

To operate public charter schools and provide educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,080,388$5,279,652▲ $2,199,264
Cash and Non-Interest-Bearing Accounts$3,931,724$2,436,360▼ $1,495,364
Land, Buildings, and Equipment, Net$1,147,457$1,072,203▼ $75,254
Prepaid Expenses and Deferred Charges$497,075$519,322▲ $22,247
Total Assets$8,656,644$9,307,537▲ $650,893
Liabilities
Accounts Payable and Accrued Expenses$1,064,723$1,610,633▲ $545,910
Other Liabilities$1,457,908$1,361,109▼ $96,799
Unsecured Notes Loans Payable$1,240,837$940,837▼ $300,000
Deferred Revenue$1,006,407$503,954▼ $502,453
Total Liabilities$4,769,875$4,416,533▼ $353,342
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,886,769$4,891,004▲ $1,004,235
Total Net Assets Fund Balance$3,886,769$4,891,004▲ $1,004,235
Total Liabilities and Net Assets / Fund Balance$8,656,644$9,307,537▲ $650,893

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,071,375$311,175$1,382,550
Equipment$828$164,168$164,996
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory LippmanCEOFT$200,572$6,009$206,581
Vu Long TrinhChief Schools OfficerFT$157,006$41,569$198,575
Nath MahalingamCFO (term Ended 11/15/21)FT$188,401$7,547$195,948
Jarrett PostonPrincipalFT$145,373$29,806$175,179
Raymond AndradePrincipalFT$128,854$37,713$166,567
Antonius WidiartoIt ManagerFT$124,422$19,990$144,412
Alma BravoPrincipalFT$131,639$11,936$143,575
David BlohmDirector of Finance (11/15/21 - 6/20/22)FT$60,416$6,496$66,912

Board Members and Trustees

NameTitle
Eric GonzalesBoard Chair
Anil KumarBoard Member
Annette LorenzBoard Member
Dr Mary LaironBoard Member
Irene Moran IboaBoard Member
Jill CaseBoard Member
Larry KuechlerBoard Member
Susan Suarez-madsonBoard Member
Tania WilcoxBoard Member
Dr Linda MurraySecretary
Kevin KaeferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,335,011
Program Service Revenue
$0
Investment Income
$6,076
Other Revenue
$25,647
All Other Contributions
$1,265,659
Change in Net Assets
$1,004,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,133,152
Other Expenses$7,229,347
Total Fundraising Expense$66,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,626,057$1,375,547-$11,001,604
Occupancy$2,001,561--$2,001,561
Fees for Services Other$1,404,732$376,425-$1,781,157
Pension Plan Contributions$987,617$72,602-$1,060,219
Other Employee Benefits$765,120$279,698-$1,044,818
Office Expenses-$628,198-$628,198
Current Officers, Directors, Trustees, and Key Employees$134,238$402,713-$536,951
Information Technology$207,148$285,216-$492,364
Payroll Taxes$220,665$268,895-$489,560
Conferences and Meetings$94,298$193,747-$288,045
Travel$168,587$56,937-$225,524
Insurance-$119,042-$119,042
Fees for Services Management-$109,271-$109,271
Advertising-$95,678-$95,678
Depreciation Depletion$75,254--$75,254
Fees for Services Accounting-$36,180-$36,180
Fees for Services Legal-$32,622-$32,622
Interest-$22,690-$22,690
Other Expenses$-96,799$11,748$66,415$-96,799
Total Functional Expenses$16,928,875$4,367,209$66,415$21,362,499
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$1,361,109
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“There are no committees that have the authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review prior to submitting to the irs.”

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

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and ceo. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

Form 990, Part VI, Section B, Line 15

“The ceo's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the ceo's compensation as a direct action. The officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

Form 990, Part VI, Section C, Line 18

“The school provides a copy of the 990 to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The school provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ace Charter School
EIN
26-1570590
Phone
4082956008
Address
1100 SHASTA AVE 250, SAN JOSE, CA 95126

Signing Officer

Name
Kennedy Hilario
Title
CEO
Phone
4082956008
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kennedy Hilario
Formed
2008
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
248
Volunteers
25

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process has not changed from prior year”

Financial Statement Notes

PART X, LINE 2:

“The school and foundation are nonprofit entities exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. The school and foundation are subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The school files an exempt school return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board. No income taxes are paid by the school.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF FINANCE (11/15/21 - 6/20/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO (TERM ENDED 11/15/21)
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF SCHOOLS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt17IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt021069352
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt022366734
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt013
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0285216
IRS990/InformationTechnologyGrp/ProgramServicesAmt0207148
IRS990/InformationTechnologyGrp/TotalAmt0492364
IRS990/InsuranceGrp/ManagementAndGeneralAmt0119042
IRS990/InsuranceGrp/TotalAmt0119042
IRS990/InterestGrp/ManagementAndGeneralAmt022690
IRS990/InterestGrp/TotalAmt022690
IRS990/InvestmentIncomeGrp/ExclusionAmt06076
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06076
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt068
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0475343
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01147457
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01072203
IRS990/LandBldgEquipCostOrOtherBssAmt01547546
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ACE CREATES A WELCOMING COMMUNITY FOCUSED ON GROWTH TO HELP STUDENTS, ESPECIALLY THOSE WHO HAVE BEEN NEGLECTED, SEE THEY BELONG IN SCHOOL. BY LEARNING OPTIMISM, SELF-CONFIDENCE AND AMBITION, STUDENTS ARE POISED TO THRIVE IN COLLEGE AND BEYOND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03886769
IRS990/NetAssetsOrFundBalancesEOYAmt04891004
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03886769
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04891004
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02001561
IRS990/OccupancyGrp/TotalAmt02001561
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0628198
IRS990/OfficeExpensesGrp/TotalAmt0628198
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0279698
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0765120
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01044818
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2DEFERRED RENT
IRS990/OtherExpensesGrp/FundraisingAmt066415
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011748
IRS990/OtherExpensesGrp/ProgramServicesAmt0840270
IRS990/OtherExpensesGrp/ProgramServicesAmt1500127
IRS990/OtherExpensesGrp/ProgramServicesAmt2-96799
IRS990/OtherExpensesGrp/TotalAmt0918433
IRS990/OtherExpensesGrp/TotalAmt1500127
IRS990/OtherExpensesGrp/TotalAmt2-96799
IRS990/OtherLiabilitiesGrp/BOYAmt01457908
IRS990/OtherLiabilitiesGrp/EOYAmt01361109
IRS990/OtherRevenueMiscGrp/BusinessCd0990009
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt025647
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025647
IRS990/OtherRevenueTotalAmt025647
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01375547
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09626057
IRS990/OtherSalariesAndWagesGrp/TotalAmt011001604
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0268895
IRS990/PayrollTaxesGrp/ProgramServicesAmt0220665
IRS990/PayrollTaxesGrp/TotalAmt0489560
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt072602
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0987617
IRS990/PensionPlanContributionsGrp/TotalAmt01060219
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0497075
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0519322
IRS990/PrincipalOfficerNm0KENNEDY HILARIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019985342
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08958
IRS990/PYOtherExpensesAmt05732030
IRS990/PYOtherRevenueAmt07370
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02332657
IRS990/PYSalariesCompEmpBnftPaidAmt011936983
IRS990/PYTotalExpensesAmt017669013
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020001670
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01004235
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0828
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0164168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0164996
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01071375
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0311175
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01382550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01361109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL AND FOUNDATION ARE NONPROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE SCHOOL AND FOUNDATION ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. NO INCOME TAXES ARE PAID BY THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01072203
IRS990ScheduleD/TotalLiabilityAmt01361109
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL STUDENT ENROLLMENT MATERIALS CLEARLY STATE THE POLICY, THOSE MATERIALS ARE MAILED OUT TO THOUSANDS OF HOUSEHOLDS IN SAN JOSE CA.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL AND OFFERS NO FINANCIAL AID OR ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2ACE CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,307,537
Liabilities
$4,416,533
Net assets
$4,891,004
Revenue
$22,366,734
Expenses
$21,362,499
Net income
$1,004,235
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.4$18.2$10.2$21.7$17.6$4.13
2024Detailed filing. Detailed filing data is available for this year.$25.6$19.5$6.07$20.1$19.1$1.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$21.5$5.01$21.3$21.2$0.12
2022Detailed filing. Detailed filing data is available for this year.$9.31$4.42$4.89$22.4$21.4$1.00
2021Detailed filing. Detailed filing data is available for this year.$8.66$4.77$3.89$20.0$17.7$2.33
2020Detailed filing. Detailed filing data is available for this year.$7.43$5.88$1.55$16.3$16.0$0.25
2019Detailed filing. Detailed filing data is available for this year.$4.66$3.36$1.30$17.3$17.0$0.22
2018Detailed filing. Detailed filing data is available for this year.$5.10$4.00$1.10$17.1$16.9$0.20
2017Detailed filing. Detailed filing data is available for this year.$4.70$3.36$1.35$14.7$15.3$0.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$1.07$1.89$14.6$15.4$0.80
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.90$2.69$11.8$10.9$0.87
2014Detailed filing. Detailed filing data is available for this year.$2.91$1.09$1.82$7.21$6.71$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$1.25$1.16$4.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.91$0.85$3.38