Civic Intelligence

The Ace Foundation

990 • Fiscal year 2016 • EIN 32-0440650

Jan 01, 2016 to Dec 31, 2016 • Filed on Jan 24, 2018

Organization ProfileN/A
1158 26th StreetSanta Monica, CA 90403

(301) 729-0015

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

3rd percentile

-87%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2016

Revenue Growth

5th percentile

-74%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$74,727

Down $4,515,022 (-98%) from 2014

Net Assets

Down

$74,727

Down $4,511,622 (-98%) from 2014

Liabilities

Down

$0

Down $3,400 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin78th percentile

Revenue

Down

$330,353

Down $4,519,804 (-93%) from 2014

Expenses

Down

$259,669

Down $4,139 (-1.6%) from 2014

Net Income

Down

$70,684

Down $4,515,665 (-98%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2014: $4,589,749Liabilities 2014: $3,400Net Assets 2014: $4,586,3492014Assets 2016: $74,727Liabilities 2016: $0Net Assets 2016: $74,7272016Assets 2017: $7,235Net Assets 2017: $7,2352017

Highlighted filing

2016

Assets$74,727
Liabilities$0
Net Assets$74,727
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $4,850,157Expenses 2014: $263,808Net Income 2014: $4,586,3492014Revenue 2016: $330,353Expenses 2016: $259,669Net Income 2016: $70,6842016Revenue 2017: $60,013Expenses 2017: $127,505Net Income 2017: -$67,4922017

Highlighted filing

2016

Revenue$330,353
Expenses$259,669
Net Income$70,684
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jan 24, 2018
Return Version
2016v3.0
Gross Receipts
$330,353
Mission and Program Overview

Mission

THE CHARITY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(c)(3) OF THE UNITED STATES INTERNAL REVENUE CODE OF 1986. SPECIFICALLY THE NATURE OF THE CHARITY SHALL INCLUDE (i)ESTABLISHING AND OPERATING IN AND OUT OF SCHOOL PROGRAMS FOR THE YOUTH IN URBAN, LOW-INCOME COMMUNITIES; (ii)increasing the knowledge of the sport among the general public through educational programs; (iii) MAKING CHARITABLE CONTRIBUTIONS AND GRANTS TO NONPROFIT ORGANIZTIONS EXEMPT FROM FEDERAL INCOME TAX UNDER THE CODE

The charity is organized and shall be operated exclusively for charitable purposes within the meaning of section 501(c)(30 of the united states internal revenue code of 1986.specifically, the nature of the charity shall include (i) establishing and operating in and out of school programs for the youth in urban, low-income communities; (ii) increasing the knowledge of the sport among the general public through educational programs; (iii) making charitable contributions and grants to nonprofit organizations exempt from federal income tax under the code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,043$74,727▲ $70,684
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,043$74,727▲ $70,684
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$4,043$74,727▲ $70,684
Total Net Assets Fund Balance$4,043$74,727▲ $70,684
Total Liabilities and Net Assets / Fund Balance$4,043$74,727▲ $70,684
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Eric PulierPresident & CEO
Andrew GoldsteinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$330,334
Program Service Revenue
$0
Investment Income
$19
Other Revenue
$0
All Other Contributions
$330,334
Change in Net Assets
$70,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$259,387
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 Legal-$242,547-$242,547
Travel-$10,907-$10,907
Information Technology-$5,753-$5,753
Benefits to Members$282--$282
Other Expenses-$180-$180
Total Functional Expenses$282$259,387$0$259,669
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The draft form 990 is reviewed and approved by the governing body and legal counsel before the return is filed with the irs.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The members of the ace foundation's governing body review and sign the conflict of interest policy on an annual basis. For any items that present a conflict of interest, the member with the conflict abstains from voting.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The governing body determines compensation based on comparisons with compensation data for comparable positions at similar organizations. The governing body reviews compensation on an annual basis and approves any changes with a formal vote.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organizations governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Ace Foundation
EIN
32-0440650
Phone
3017290015
Address
1158 26TH STREET, SANTA MONICA, CA 90403

Signing Officer

Name
Eric Pulier
Title
President & CEO
Signed
2018-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Pulier
Formed
2014
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Handler Thayer Llp
Address
191 N Wacker Drive Suite 2300, Chicago, IL 60606
Preparer
Michael D Whitty
Phone
3126412100
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY AND LEGAL COUNSEL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ACE FOUNDATION'S GOVERNING BODY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FOR ANY ITEMS THAT PRESENT A CONFLICT OF INTEREST, THE MEMBER WITH THE CONFLICT ABSTAINS FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY DETERMINES COMPENSATION BASED ON COMPARISONS WITH COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THE GOVERNING BODY REVIEWS COMPENSATION ON AN ANNUAL BASIS AND APPROVES ANY CHANGES WITH A FORMAL VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TravelGrp/TotalAmt010907
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04043
IRS990/UnrestrictedNetAssetsGrp/EOYAmt074727
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01158 26TH STREET 575
IRS990/USAddress/CityNm0SANTA MONICA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090403
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReasonableCauseExplanation/ExplanationTxt0THE PRESIDENT AND CEO OF THE ACE FOUNDATION RESIGNED DIRECTLY BEFORE THE TAX RETURN DEADLINE AND THE NEW PRESIDENT AND CEO HAD NOT BEEN ELECTED UNTIL 12/2/2017.
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC PULIER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ACE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ACEF
ReturnHeader/Filer/EIN0320440650
ReturnHeader/Filer/PhoneNum03017290015
ReturnHeader/Filer/USAddress/AddressLine1Txt01158 26TH STREET
ReturnHeader/Filer/USAddress/CityNm0SANTA MONICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090403
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANDLER THAYER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0191 N Wacker Drive Suite 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126412100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael D Whitty
ReturnHeader/ReturnTs02018-01-24T13:45:12-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,727
Liabilities
$0
Net assets
$74,727
Revenue
$330,353
Expenses
$259,669
Net income
$70,684
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.06$0.13$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.33$0.26$0.07
2014Detailed filing. Detailed filing data is available for this year.$4.59$0.00$4.59$4.85$0.26$4.59