Civic Intelligence

A C E Academy

990 • Fiscal year 2020 • EIN 32-0407024

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2022

Organization ProfileWWW.ACEACADEMYCHARTER.ORG
7807 Caldwell RoadHarrisburg, NC 28075

(800) 494-4330

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.92x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.71x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Net Margin

52nd percentile

3.6%

Higher net margin than 52% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

38th percentile

$98,956

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Asset Growth

98th percentile

425%

Faster asset growth than 98% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-4.6%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$7,757,210

Up $6,278,658 (+425%) from 2019

Net Assets

Down

$611,655

Down $762,691 (-55%) from 2019

Liabilities

Up

$7,145,555

Up $7,041,349 (+6757%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin52nd percentile

Revenue

Down

$4,170,164

Down $198,853 (-4.6%) from 2019

Expenses

Up

$4,020,464

Up $149,397 (+3.9%) from 2019

Net Income

Down

$149,700

Down $348,250 (-70%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$30M$20M$10M$0Assets 2017: $580,918Liabilities 2017: $34,926Net Assets 2017: $545,9922017Assets 2018: $1,348,348Liabilities 2018: $471,952Net Assets 2018: $876,3962018Assets 2019: $1,478,552Liabilities 2019: $104,206Net Assets 2019: $1,374,3462019Assets 2020: $7,757,210Liabilities 2020: $7,145,555Net Assets 2020: $611,6552020Assets 2021: $8,029,456Liabilities 2021: $7,054,472Net Assets 2021: $974,9842021Assets 2022: $20,004,076Liabilities 2022: $19,228,533Net Assets 2022: $775,5432022Assets 2023: $7,500,939Liabilities 2023: $6,721,176Net Assets 2023: $779,7632023Assets 2024: $7,142,652Liabilities 2024: $6,487,048Net Assets 2024: $655,6042024

Highlighted filing

2020

Assets$7,757,210
Liabilities$7,145,555
Net Assets$611,655
Open 2020 Filing

Operations Trend

Revenue Growth31st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $3,285,050Expenses 2017: $2,884,919Net Income 2017: $400,1312017Revenue 2018: $3,766,585Expenses 2018: $3,436,181Net Income 2018: $330,4042018Revenue 2019: $4,369,017Expenses 2019: $3,871,067Net Income 2019: $497,9502019Revenue 2020: $4,170,164Expenses 2020: $4,020,464Net Income 2020: $149,7002020Revenue 2021: $4,614,442Expenses 2021: $4,251,113Net Income 2021: $363,3292021Revenue 2022: $5,341,670Expenses 2022: $5,541,111Net Income 2022: -$199,4412022Revenue 2023: $5,616,760Expenses 2023: $5,611,391Net Income 2023: $5,3692023Revenue 2024: $5,645,946Expenses 2024: $5,770,105Net Income 2024: -$124,1592024

Highlighted filing

2020

Revenue$4,170,164
Expenses$4,020,464
Net Income$149,700
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2022
Return Version
2019v5.0
Gross Receipts
$4,753,678
Mission and Program Overview

Mission

Ace academy will equip students from all backgrounds to succeed in the college and career of their choice by driving academic excellence, developing a strong mindset, and instilling an entrepreneurial mindset.

Ace academy will equip students from all backgrounds to succeed in the college and career of their choice by driving academicexcellence, developing a strong mindset, and instilling an entrepreneurial mindset.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$904,404$5,984,466▲ $5,080,062
Cash and Non-Interest-Bearing Accounts$342,024$1,627,310▲ $1,285,286
Accounts Receivable$98,220$141,734▲ $43,514
Total Assets$1,348,348$7,757,210▲ $6,408,862
Other Assets Total$3,700$3,700→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$6,645,000-
Unsecured Notes Loans Payable$433,246$450,000▲ $16,754
Accounts Payable and Accrued Expenses$38,706$50,555▲ $11,849
Total Liabilities$471,952$7,145,555▲ $6,673,603
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$876,396$611,655▼ $264,741
Total Net Assets Fund Balance$876,396$611,655▼ $264,741
Total Liabilities and Net Assets / Fund Balance$1,348,348$7,757,210▲ $6,408,862

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,922,622$197,830$5,120,452
Leasehold Improvements$1,033,036$111,323$1,144,359
Equipment$28,808$32,456$61,264
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laila MinottExecutive DiFT$98,956$98,956

Board Members and Trustees

NameTitle
Gwen AbdullahChair
Chyncia RodgersMember
Dionna GrahamMember
Joyce FigaroaMember
Kendric BestMember
Adolphe ThorpeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,950,930
Program Service Revenue
$87,344
Investment Income
$8,608
Other Revenue
$123,282
All Other Contributions
$89,147
Change in Net Assets
$149,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,170,164
Total Revenue per Audited Statements
$4,170,164
Total Revenue per Form 990
$4,170,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,084,032
Salaries, Compensation, and Employee Benefits$1,936,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,133,172$704,304-$1,837,476
All Other Expenses$371,344$171,167-$542,511
Other Expenses$120,639$74,982-$195,621
Current Officers, Directors, Trustees, and Key Employees$61,026$37,930-$98,956
Depreciation Depletion$34,017$21,143-$55,160
Information Technology$21,193$13,172-$34,365
Fees for Services Other$1,853$1,152-$3,005
Total Functional Expenses$2,516,197$1,504,267$0$4,020,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,020,464
Total Expenses per Audited Statements$4,020,464
Total Expenses per Form 990$4,020,464
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
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, Page 6, Part VI, Line 11B

“The board of directors will review the form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available to the public at the front of the school office.”

Filing and Contact Details

Filer

Filer Name
Ace Academy
EIN
32-0407024
Address
7807 CALDWELL ROAD, HARRISBURG, NC 28075

Signing Officer

Name
Laila Minott
Title
Executive Director
Signed
2022-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laila Minott
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
69

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 510, CHARLOTTE, NC 28203-4489
Preparer
Megan a Rushford CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Financial and hr 87,802 54,572 0 special populations 86,274 53,622 0 alternative 70,811 44,012 0 cogs 95,950 0 0 school based 21,135 13,136 0 co-curricular 8,869 5,513 0 nutrition 503 312 0 total 371,344 171,167 0”

Form 990, Part XI, Line 9

“Ppa to equity becuse the disregarded entity, ace academy foundation, llc was not included in prior year.”

Raw XML Appendix379 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt038706
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt050555
IRS990/AccountsReceivableGrp/BOYAmt098220
IRS990/AccountsReceivableGrp/EOYAmt0141734
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ACE ACADEMY WILL EQUIP STUDENTS FROM ALL BACKGROUNDS TO SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE BY DRIVING ACADEMICEXCELLENCE, DEVELOPING A STRONG MINDSET, AND INSTILLING AN ENTREPRENEURIAL MINDSET.
IRS990/AllOtherContributionsAmt089147
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0171167
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0371344
IRS990/AllOtherExpensesGrp/TotalAmt0542511
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0PARIS HODGE CPA
IRS990/BooksInCareOfDetail/PhoneNum08004944330
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07696 STOUT
IRS990/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048228
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0342024
IRS990/CashNonInterestBearingGrp/EOYAmt01627310
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt037930
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt061026
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt098956
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03950930
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08608
IRS990/CYOtherExpensesAmt02084032
IRS990/CYOtherRevenueAmt0123282
IRS990/CYProgramServiceRevenueAmt087344
IRS990/CYRevenuesLessExpensesAmt0149700
IRS990/CYSalariesCompEmpBnftPaidAmt01936432
IRS990/CYTotalExpensesAmt04020464
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04170164
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt021143
IRS990/DepreciationDepletionGrp/ProgramServicesAmt034017
IRS990/DepreciationDepletionGrp/TotalAmt055160
IRS990/Desc0A.C.E. ACADEMY IS A PUBLIC, TUITION-FREE K-8 CHARTER SCHOOL DEDICATED TO PREPARING STUDENTS FOR SUCCESS IN HIGH SCHOOL AND BEYOND.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt069
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02516196
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01152
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01853
IRS990/FeesForServicesOtherGrp/TotalAmt03005
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0LAILA MINOTT
IRS990/Form990PartVIISectionAGrp/PersonNm1GWEN ABDULLAH
IRS990/Form990PartVIISectionAGrp/PersonNm2KENDRIC BEST
IRS990/Form990PartVIISectionAGrp/PersonNm3JOYCE FIGAROA
IRS990/Form990PartVIISectionAGrp/PersonNm4DIONNA GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5CHYNCIA RODGERS
IRS990/Form990PartVIISectionAGrp/PersonNm6ADOLPHE THORPE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt098956
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt03861783
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04753678
IRS990/GrossRentsGrp/RealAmt0589735
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013172
IRS990/InformationTechnologyGrp/ProgramServicesAmt021193
IRS990/InformationTechnologyGrp/TotalAmt034365
IRS990/InvestmentIncomeGrp/ExclusionAmt08608
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08608
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0341609
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0904404
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05984466
IRS990/LandBldgEquipCostOrOtherBssAmt06326075
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt0583514
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ACE ACADEMY WILL EQUIP STUDENTS FROM ALL BACKGROUNDS TO SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE BY DRIVING ACADEMICEXCELLENCE, DEVELOPING A STRONG MINDSET, AND INSTILLING AN ENTREPRENEURIAL MINDSET.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06645000
IRS990/NetAssetsOrFundBalancesBOYAmt0876396
IRS990/NetAssetsOrFundBalancesEOYAmt0611655
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt06221
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06221
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0876396
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0611655
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03700
IRS990/OtherAssetsTotalGrp/EOYAmt03700
IRS990/OtherExpensesGrp/Desc0OPERATIONAL SUPPORT
IRS990/OtherExpensesGrp/Desc1CURRICULAR SUPPORT
IRS990/OtherExpensesGrp/Desc2POLICY, LEADERSHIP, HR
IRS990/OtherExpensesGrp/Desc3SCHOOL LEADERSHIP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0191513
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1152616
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2136288
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt374982
IRS990/OtherExpensesGrp/ProgramServicesAmt0308130
IRS990/OtherExpensesGrp/ProgramServicesAmt1245547
IRS990/OtherExpensesGrp/ProgramServicesAmt2219276
IRS990/OtherExpensesGrp/ProgramServicesAmt3120639
IRS990/OtherExpensesGrp/TotalAmt0499643
IRS990/OtherExpensesGrp/TotalAmt1398163
IRS990/OtherExpensesGrp/TotalAmt2355564
IRS990/OtherExpensesGrp/TotalAmt3195621
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0117061
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0117061
IRS990/OtherRevenueTotalAmt0117061
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0704304
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01133172
IRS990/OtherSalariesAndWagesGrp/TotalAmt01837476
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LAILA MINOTT
IRS990/PriorPeriodAdjustmentsAmt0-414441
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SALES & CHILD CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt087344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt087344
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03570997
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01529943
IRS990/PYProgramServiceRevenueAmt0195588
IRS990/PYRevenuesLessExpensesAmt0330404
IRS990/PYSalariesCompEmpBnftPaidAmt01906238
IRS990/PYTotalExpensesAmt03436181
IRS990/PYTotalRevenueAmt03766585
IRS990/ReconcilationRevenueExpnssAmt0149700
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06221
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt028808
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061264
IRS990ScheduleD/ExpensesSubtotalAmt04020464
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01033036
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0111323
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01144359
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04922622
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0197830
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05120452
IRS990ScheduleD/RevenueSubtotalAmt04170164
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05984466
IRS990ScheduleD/TotalExpensesPerForm990Amt04020464
IRS990ScheduleD/TotalRevenuePerForm990Amt04170164
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04170164
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04020464
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0false
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0false
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A.C.E. ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1A.C.E. ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS ORGANIZED AS A CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115C-238 29A. ACCORDINGLY, IT RECEIVES BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE FRONT OF THE SCHOOL OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AND HR 87,802 54,572 0 SPECIAL POPULATIONS 86,274 53,622 0 ALTERNATIVE 70,811 44,012 0 COGS 95,950 0 0 SCHOOL BASED 21,135 13,136 0 CO-CURRICULAR 8,869 5,513 0 NUTRITION 503 312 0 TOTAL 371,344 171,167 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PPA TO EQUITY BECUSE THE DISREGARDED ENTITY, ACE ACADEMY FOUNDATION, LLC WAS NOT INCLUDED IN PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ACE ACADEMY FOUNDATION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0841876607
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt05745695
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RENTAL
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0596599
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt07807 CALDWELL ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0HARRISBURG
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd028075
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01348348
IRS990/TotalAssetsEOYAmt07757210
IRS990/TotalAssetsGrp/BOYAmt01348348
IRS990/TotalAssetsGrp/EOYAmt07757210
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03950930
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01504267
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02516197
IRS990/TotalFunctionalExpensesGrp/TotalAmt04020464
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0471952
IRS990/TotalLiabilitiesEOYAmt07145555
IRS990/TotalLiabilitiesGrp/BOYAmt0471952
IRS990/TotalLiabilitiesGrp/EOYAmt07145555
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0876396
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0611655
IRS990/TotalProgramServiceExpensesAmt02516196
IRS990/TotalProgramServiceRevenueAmt087344
IRS990/TotalReportableCompFromOrgAmt098956
IRS990/TotalRevenueGrp/ExclusionAmt014829
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0204405
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04170164
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01348348
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07757210
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0433246
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0450000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07807 CALDWELL ROAD
IRS990/USAddress/CityNm0HARRISBURG
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028075
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ACEACADEMYCHARTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAILA MINOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ACEA
ReturnHeader/Filer/EIN0320407024
ReturnHeader/Filer/USAddress/AddressLine1Txt07807 CALDWELL ROAD
ReturnHeader/Filer/USAddress/CityNm0HARRISBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028075
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844233121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARPE PATEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 ARLINGTON AVE STE 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0282034489
ReturnHeader/PreparerPersonGrp/PhoneNum07044993893
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN A RUSHFORD CPA
ReturnHeader/ReturnTs02021-05-17T15:25:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7,757,210
Liabilities
$7,145,555
Net assets
$611,655
Revenue
$4,170,164
Expenses
$4,020,464
Net income
$149,700
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.14$6.49$0.66$5.65$5.77$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.50$6.72$0.78$5.62$5.61$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$19.2$0.78$5.34$5.54$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$7.05$0.97$4.61$4.25$0.36
2020Detailed filing. Detailed filing data is available for this year.$7.76$7.15$0.61$4.17$4.02$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.10$1.37$4.37$3.87$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.47$0.88$3.77$3.44$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.03$0.55$3.29$2.88$0.40