Civic Intelligence

A C E Academy

990 • Fiscal year 2024 • EIN 32-0407024

Jul 01, 2023 to Jun 30, 2024 • Filed on May 07, 2025

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

(704) 456-7153

Siviq Scores

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

Liabilities / Assets

87th percentile

0.91x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.15x

Higher debt load relative to revenue than 84% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

29th percentile

-2.2%

Higher net margin than 29% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$136,127

Higher top officer pay than 50% of similar nonprofits.

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

2024 filings • NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

23rd percentile

-4.8%

Faster asset growth than 23% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

0.5%

Faster revenue growth than 35% of similar nonprofits.

2024 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$7,142,652

Down $358,287 (-4.8%) from 2023

Net Assets

Down

$655,604

Down $124,159 (-16%) from 2023

Liabilities

Down

$6,487,048

Down $234,128 (-3.5%) from 2023

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin29th percentile

Revenue

Up

$5,645,946

Up $29,186 (+0.5%) from 2023

Expenses

Up

$5,770,105

Up $158,714 (+2.8%) from 2023

Net Income

Down

-$124,159

Down $129,528 (-2413%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2024

Assets$7,142,652
Liabilities$6,487,048
Net Assets$655,604
Open 2024 Filing

Operations Trend

Revenue Growth35th 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

2024

Revenue$5,645,946
Expenses$5,770,105
Net Income-$124,159
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$5,645,946
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,359,425$5,127,810▼ $231,615
Cash and Non-Interest-Bearing Accounts$1,934,633$1,725,522▼ $209,111
Accounts Receivable$142,774$144,636▲ $1,862
Savings and Temporary Cash Investments$60,407$95,372▲ $34,965
Prepaid Expenses and Deferred Charges-$45,612-
Total Assets$7,500,939$7,142,652▼ $358,287
Other Assets Total$3,700$3,700→ $0
Liabilities
Other Liabilities$6,600,000$6,460,000▼ $140,000
Accounts Payable and Accrued Expenses$121,176$27,048▼ $94,128
Total Liabilities$6,721,176$6,487,048▼ $234,128
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$779,763$655,604▼ $124,159
Total Net Assets Fund Balance$779,763$655,604▼ $124,159
Total Liabilities and Net Assets / Fund Balance$7,500,939$7,142,652▼ $358,287

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,232,738$863,536$5,096,274
Leasehold Improvements$895,072$409,315$1,304,387
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laila MinottExecutive DirectorFT$136,127$136,127

Board Members and Trustees

NameTitle
Terry ClineChair
Charris TorrenceMember
Chyncia RodgersMember
Dionna GrahamMember
Joyce FiguearoaMember
Kendric BestMember
Revenue and Support

Revenue Composition

Contributions and Grants
$5,561,035
Program Service Revenue
$26,398
Investment Income
$57,015
Other Revenue
$1,498
All Other Contributions
$2,110
Change in Net Assets
$-124,159

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,645,946
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,645,946
Total Revenue per Form 990
$5,645,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,592,787
Other Expenses$2,177,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,015,993$805,928-$2,821,921
Interest$315,276$126,037-$441,313
Payroll Taxes$225,972$90,336-$316,308
Fees for Services Other$219,996$87,947-$307,943
Other Employee Benefits$215,236$86,044-$301,280
Depreciation Depletion$165,467$66,148-$231,615
Current Officers, Directors, Trustees, and Key Employees$97,250$38,877-$136,127
Fees for Services Accounting$76,022$30,391-$106,413
Other Expenses$73,432$29,356-$102,788
All Other Expenses$63,103$25,228-$88,331
Office Expenses$47,726$19,079-$66,805
Occupancy$42,042$16,807-$58,849
Information Technology$39,424$15,761-$55,185
Insurance$34,649$13,851-$48,500
Advertising$33,399$13,352-$46,751
Conferences and Meetings$29,436$11,768-$41,204
Travel$27,985$11,187-$39,172
Pension Plan Contributions$12,253$4,898-$17,151
Fees for Services Legal$9,377$3,748-$13,125
Total Functional Expenses$4,122,189$1,647,916$0$5,770,105

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,770,105
Total Expenses per Audited Statements$5,770,105
Total Expenses per Form 990$5,770,105
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
More Than One Year$6,310,000
Within One Year$150,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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 B, Line 11B

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

Form 990, Part VI, Section C, 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
Phone
7044567153
Address
7807 CALDWELL ROAD, HARRISBURG, NC 28075

Signing Officer

Name
Laila Minott
Title
Executive Director
Phone
7044567153
Signed
2025-05-07
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
103
Volunteers
5

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Raw XML AppendixShowing 400 of 447 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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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2423
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05383863
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt031922
IRS990/PYOtherExpensesAmt02256190
IRS990/PYOtherRevenueAmt049739
IRS990/PYProgramServiceRevenueAmt0151236
IRS990/PYRevenuesLessExpensesAmt05369
IRS990/PYSalariesCompEmpBnftPaidAmt03355201
IRS990/PYTotalExpensesAmt05611391
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05616760
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-124159
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt027896
IRS990/SavingsAndTempCashInvstGrp/BOYAmt060407
IRS990/SavingsAndTempCashInvstGrp/EOYAmt095372
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05770105
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0895072
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0409315
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01304387
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04232738
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0863536
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05096274
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16310000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0WITHIN ONE YEAR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MORE THAN ONE YEAR
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05645946
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05127810
IRS990ScheduleD/TotalExpensesPerForm990Amt05770105
IRS990ScheduleD/TotalLiabilityAmt06460000
IRS990ScheduleD/TotalRevenuePerForm990Amt05645946
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05645946
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05770105
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd00
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd00
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
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 UNDERF 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, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0ACE ACADEMY
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ACE ACADEMY FOUNDATION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0841876607
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt05605849
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RENTAL
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0678066
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt07807 CALDWELL ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0HARRISBURG
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd028075
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07500939
IRS990/TotalAssetsEOYAmt07142652
IRS990/TotalAssetsGrp/BOYAmt07500939
IRS990/TotalAssetsGrp/EOYAmt07142652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05561035
IRS990/TotalEmployeeCnt0103
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01647916
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04122189
IRS990/TotalFunctionalExpensesGrp/TotalAmt05770105
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06721176
IRS990/TotalLiabilitiesEOYAmt06487048
IRS990/TotalLiabilitiesGrp/BOYAmt06721176
IRS990/TotalLiabilitiesGrp/EOYAmt06487048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0779763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0655604
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04122189
IRS990/TotalProgramServiceRevenueAmt026398
IRS990/TotalReportableCompFromOrgAmt0136127
IRS990/TotalRevenueGrp/ExclusionAmt057015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05645946
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,142,652
Liabilities
$6,487,048
Net assets
$655,604
Revenue
$5,645,946
Expenses
$5,770,105
Net income
-$124,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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