Civic Intelligence

Ace Development Fund Inc.

990EZ • Fiscal year 2023 • EIN 27-1923757

Jan 01, 2023 to Dec 31, 2023 • Filed on May 04, 2024

Organization Profileww.acedevelopmentfund.org
1027 Daisy Ln SWTumwater, WA 98512-6909

(360) 352-1031

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

15th percentile

-29%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

31st percentile

-11%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-59%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$122,585

Down $14,582 (-11%) from 2022

Net Assets

Down

$122,585

Down $14,582 (-11%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin15th percentile

Revenue

Down

$54,339

Down $77,448 (-59%) from 2022

Expenses

Down

$70,090

Down $18,049 (-20%) from 2022

Net Income

Down

-$15,751

Down $59,399 (-136%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$150K$100K$50K$0Assets 2010: $171Liabilities 2010: $0Net Assets 2010: $1712010Assets 2011: $14,895Liabilities 2011: $0Net Assets 2011: $14,8952011Assets 2012: $19,082Liabilities 2012: $0Net Assets 2012: $19,0822012Assets 2020: $48,005Net Assets 2020: $48,0052020Assets 2021: $93,519Net Assets 2021: $93,5192021Assets 2022: $137,167Net Assets 2022: $137,1672022Assets 2023: $122,585Net Assets 2023: $122,5852023Assets 2024: $98,420Net Assets 2024: $98,4202024

Highlighted filing

2023

Assets$122,585
Liabilities-
Net Assets$122,585
Open 2023 Filing

Operations Trend

Revenue Growth9th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $21,836Expenses 2010: $21,665Net Income 2010: $1712010Revenue 2011: $75,874Expenses 2011: $61,150Net Income 2011: $14,7242011Revenue 2012: $91,304Expenses 2012: $87,117Net Income 2012: $4,1872012Revenue 2020: $89,360Expenses 2020: $66,874Net Income 2020: $22,4862020Revenue 2021: $163,298Expenses 2021: $117,784Net Income 2021: $45,5142021Revenue 2022: $131,787Expenses 2022: $88,139Net Income 2022: $43,6482022Revenue 2023: $54,339Expenses 2023: $70,090Net Income 2023: -$15,7512023Revenue 2024: $79,157Expenses 2024: $103,322Net Income 2024: -$24,1652024

Highlighted filing

2023

Revenue$54,339
Expenses$70,090
Net Income-$15,751
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 4, 2024
Return Version
2023v5.0
Gross Receipts
$54,339
Mission and Program Overview

Mission

Topromoteeconomicandspecialdevelopmentinlessdevelopedcommunitiesandprovidehumanitarianassistancetothepoorandsuffering.

To promote economic and special development in less developed communities and provide humanitarian assistance to the poor and suffering.

Program Services

DescriptionGrantsExpenses
1 grantto various partner organizations in India,. Helping Widows in inida about 350 womes in north india. to help kids educaction and re build the houses and helping for medical.$29,282$29,282
*1 loans to businesses with community development goals objectives. This is is the loan given to Uganda for coffee shop. *2. Loan to inida for skill development program for helping among the womens.$20,000$20,000
Community Development Consultants and Services:events activities . 1. Sweing projects among the ladies in india 10 palces. 2. hleping 200 HIV patiesents for providing food. 3. Helping traibel ministries in inida. 4. Helping diffent Ywam bases in traning programs.$10,100$10,100
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth CochranePresident And CEO-$0--
Dan WiebeBoard Member-$0--
David BoydBoard Member-$0--
MiaBoard Member-$0--
J Daniel WiebeBoard Member-$0--
Mike DaviesBoard Member-$0--
PrasadBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Ace Development Fund Inc
EIN
27-1923757
In Care Of
% Victor N Ten Brink
Address
1027 DAISY LN SW, TUMWATER, WA 98512-6909

Signing Officer

Name
Elizabeth Cochrane
Title
President
Signed
2024-05-04
Supplemental Narrative

Additional Explanations

Part I, line 10

“| Grants And Similar Amounts Paid:, Amount:| Widows might Project, $29282| Other project works in india CM Kiran vizg, $5000| Operating Exp, $2006| Filling fee, $957| Y bases India diffrent projects, $5100| Bank fee, $2045| Sent Loan Fund 1 loan 10000 given to Inida. JM designs and 2. givin 10000 to Saji uganda, $20000|”

Raw XML Appendix173 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt11 grantto various partner organizations in India,. Helping Widows in inida about 350 womes in north india. to help kids educaction and re build the houses and helping for medical.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Grants And Similar Amounts Paid:, Amount:| Widows might Project, $29282| Other project works in india CM Kiran vizg, $5000| Operating Exp, $2006| Filling fee, $957| Y bases India diffrent projects, $5100| Bank fee, $2045| Sent Loan Fund 1 loan 10000 given to Inida. JM designs and 2. givin 10000 to Saji uganda, $20000|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Elizabeth Cochrane
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACE DEVELOPMENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0ACED
ReturnHeader/Filer/EIN0271923757
ReturnHeader/Filer/ForeignPhoneNum03603521031
ReturnHeader/Filer/InCareOfNm0% Victor N Ten Brink
ReturnHeader/Filer/USAddress/AddressLine1Txt01027 DAISY LN SW
ReturnHeader/Filer/USAddress/CityNm0TUMWATER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd0985126909
ReturnHeader/ReturnTs02024-05-04T08:41:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$122,585
Liabilities
-
Net assets
$122,585
Revenue
$54,339
Expenses
$70,090
Net income
-$15,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.98$0.79$1.03$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.23$1.23$0.54$0.70$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.37$1.37$1.32$0.88$0.44
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.94$1.63$1.18$0.46
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.48$0.89$0.67$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.91$0.87$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.15$0.76$0.61$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.22$0.22$0.00