Civic Intelligence

Ace Tech Charter High School

990 • Fiscal year 2016 • EIN 34-1987246

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

5410 South State StreetChicago, IL 60605

(773) 548-8705

Siviq Scores

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

Liabilities / Assets

31st percentile

0.05x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

27th percentile

-4.6%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

5th percentile

-19%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-7.3%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,378,613

Down $317,204 (-19%) from 2015

Net Assets

Down

$1,303,453

Down $281,380 (-18%) from 2015

Liabilities

Down

$75,160

Down $35,824 (-32%) from 2015

Revenue

Down

$5,577,945

Down $438,721 (-7.3%) from 2015

Expenses

Up

$5,833,311

Up $99,111 (+1.7%) from 2015

Net Income

Down

-$255,366

Down $537,832 (-190%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,870,972Liabilities 2012: $396,845Net Assets 2012: $1,474,1272012Assets 2013: $1,672,357Liabilities 2013: $377,743Net Assets 2013: $1,294,6142013Assets 2014: $1,683,185Liabilities 2014: $395,495Net Assets 2014: $1,287,6902014Assets 2015: $1,695,817Liabilities 2015: $110,984Net Assets 2015: $1,584,8332015Assets 2016: $1,378,613Liabilities 2016: $75,160Net Assets 2016: $1,303,4532016Assets 2017: $1,314,684Liabilities 2017: $154,738Net Assets 2017: $1,159,9462017Assets 2018: $258,461Liabilities 2018: $112,108Net Assets 2018: $146,3532018Assets 2019: $258,461Liabilities 2019: $112,108Net Assets 2019: $146,3532019

Highlighted filing

2016

Assets$1,378,613
Liabilities$75,160
Net Assets$1,303,453

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $5,491,6442012Expenses 2013: $5,874,7132013Revenue 2014: $5,628,224Expenses 2014: $5,783,971Net Income 2014: -$155,7472014Revenue 2015: $6,016,666Expenses 2015: $5,734,200Net Income 2015: $282,4662015Revenue 2016: $5,577,945Expenses 2016: $5,833,311Net Income 2016: -$255,3662016Revenue 2017: $4,444,425Expenses 2017: $4,674,175Net Income 2017: -$229,7502017Revenue 2018: $3,292,398Expenses 2018: $3,516,868Net Income 2018: -$224,4702018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019

Highlighted filing

2016

Revenue$5,577,945
Expenses$5,833,311
Net Income-$255,366
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$5,732,903
Mission and Program Overview

Mission

The school was established to provide for students the highest levels of instruction and academic achievement combined with exemplary character development that will prepare them for post-secondary and apprenticeship education and sustained lifelong success.

Architecture construction and engineering technical charter school to offer vocational educational programs that prepares qualified inner-city youths to fill future growing employments needs in the construction industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$988,258$759,844▼ $228,414
Land, Buildings, and Equipment, Net$361,786$300,352▼ $61,434
Pledges and Grants Receivable$248,373$277,231▲ $28,858
Cash and Non-Interest-Bearing Accounts$97,000$41,186▼ $55,814
Total Assets$1,695,817$1,378,613▼ $317,204
Other Assets Total$400$0▼ $400
Liabilities
Accounts Payable and Accrued Expenses$110,984$75,160▼ $35,824
Total Liabilities$110,984$75,160▼ $35,824
Net Assets / Fund Balance
Permanently Rstr Net Assets$988,258$759,844▼ $228,414
Temporarily Rstr Net Assets$596,575$543,609▼ $52,966
Total Net Assets Fund Balance$1,584,833$1,303,453▼ $281,380
Total Liabilities and Net Assets / Fund Balance$1,695,817$1,378,613▼ $317,204

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$264,743$1,134,479$1,399,222
Buildings$35,609$152,590$188,199
Other Securities$759,844--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marvin TalleyPrincipalFT$128,317$128,317
Revenue and Support

Revenue Composition

Contributions and Grants
$5,483,954
Program Service Revenue
$0
Investment Income
$8,108
Other Revenue
$85,883
All Other Contributions
$31,308
Change in Net Assets
$-255,366

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,577,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-26,014
Total Revenue per Audited Statements
$5,551,931
Total Revenue per Form 990
$5,577,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,267,068
Other Expenses$1,566,243
Total Fundraising Expense$148,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,846,430$562,258$105,423$3,514,111
Other Employee Benefits$609,895$120,473$22,589$752,957
All Other Expenses$403,039$47,679$8,940$459,658
Other Expenses$99,378$19,630$3,681$122,689
Fees for Services Other$73,152$14,450$2,710$90,312
Depreciation Depletion$66,854$13,206$2,476$82,536
Insurance$45,558$8,999$1,687$56,244
Information Technology$15,099$2,983$559$18,641
Office Expenses$9,934$1,962$368$12,264
Travel$112$22$4$138
Advertising$62--$62
Total Functional Expenses$4,893,212$791,662$148,437$5,833,311

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,833,311
Total Expenses per Audited Statements$5,833,311
Total Expenses per Form 990$5,833,311
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$154,958
Fundraising Gross Income$154,958
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ace Tech Annual Gala----
Ace Tech Jazz Jam----
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
Yes
Audit committee
Yes
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, Section B, Line 11

A copy of the form 990 is emailed to the governing board.

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

The school executive director and the finance and personnel committee review all situations specially contracts, for adherence to the conflict of interest policy

Form 990, Part VI, Section B, Line 15

The recruitment committee reports a level of review of compensation levels for the school principal, top management officials, and key employees, which is compared to other schools in the cps network and other charter schools. The board has a final approval on all major compensation decision.

Form 990, Part VI, Section C, Line 19

Upon written request the documents are available for mailing or pick up.

Filing and Contact Details

Filer

Filer Name
Ace Tech Charter High School
EIN
34-1987246
Phone
7735488705
Address
5410 SOUTH STATE STREET, CHICAGO, IL 60605

Signing Officer

Name
Lois Jones
Title
President
Phone
7738349728
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Archie
Formed
2003
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
78
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
125 S WACKER DRIVE STE 1500, CHICAGO, IL 60606-4477
Preparer
Julian G Coleman
Phone
3123410100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's process has not changed from prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Unrealized loss on investments

Schedule D Page 4 Pt XI Line 2D

The amount of -$26,014 on line 2d, part xi is unrealized loss on endowment fund activity.

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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SCHOOL WAS ESTABLISHED TO PROVIDE FOR STUDENTS THE HIGHEST LEVELS OF INSTRUCTION AND ACADEMIC ACHIEVEMENT COMBINED WITH EXEMPLARY CHARACTER DEVELOPMENT THAT WILL PREPARE THEM FOR POST-SECONDARY AND APPRENTICESHIP EDUCATION AND SUSTAINED LIFELONG SUCCESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01584833
IRS990/NetAssetsOrFundBalancesEOYAmt01303453
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-26014
IRS990/NoncashContributionsAmt0376451
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0368
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01962
IRS990/OfficeExpensesGrp/ProgramServicesAmt09934
IRS990/OfficeExpensesGrp/TotalAmt012264
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0400
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt022589
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0120473
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0609895
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0752957
IRS990/OtherExpensesGrp/Desc0FACILITIES EXPENSE
IRS990/OtherExpensesGrp/Desc1FOOD COSTS
IRS990/OtherExpensesGrp/Desc2STUDENT SUPPORT SERVICE
IRS990/OtherExpensesGrp/Desc3CPS ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/FundraisingAmt03681
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019630
IRS990/OtherExpensesGrp/ProgramServicesAmt0337623
IRS990/OtherExpensesGrp/ProgramServicesAmt1199743
IRS990/OtherExpensesGrp/ProgramServicesAmt2186333
IRS990/OtherExpensesGrp/ProgramServicesAmt399378
IRS990/OtherExpensesGrp/TotalAmt0337623
IRS990/OtherExpensesGrp/TotalAmt1199743
IRS990/OtherExpensesGrp/TotalAmt2186333
IRS990/OtherExpensesGrp/TotalAmt3122689
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0STUDENT FEES & ACTIVIT
IRS990/OtherRevenueMiscGrp/Desc1REALIZED GAIN ON INVES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt054261
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt131622
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt054261
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt131622
IRS990/OtherRevenueTotalAmt085883
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0105423
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0562258
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02846430
IRS990/OtherSalariesAndWagesGrp/TotalAmt03514111
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0988258
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0759844
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0248373
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0277231
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOAN ARCHIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05895622
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08865
IRS990/PYOtherExpensesAmt01624730
IRS990/PYOtherRevenueAmt0112179
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0282466
IRS990/PYSalariesCompEmpBnftPaidAmt04109470
IRS990/PYTotalExpensesAmt05734200
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06016666
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-255366
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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/BuildingsGrp/BookValueAmt035609
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0152590
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0188199
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05833311
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0264743
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01134479
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01399222
IRS990ScheduleD/OtherRevenueAmt0-26014
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0759844
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ENDOWMENT FUND INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-26014
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05577945
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED LOSS ON INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE AMOUNT OF -$26,014 ON LINE 2D, PART XI IS UNREALIZED LOSS ON ENDOWMENT FUND ACTIVITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D PAGE 4 PT XI LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0300352
IRS990ScheduleD/TotalBookValueSecuritiesAmt0759844
IRS990ScheduleD/TotalExpensesPerForm990Amt05833311
IRS990ScheduleD/TotalRevenuePerForm990Amt05577945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05551931
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05833311
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ENTERED INTO A MULTI-YEAR CONTRACT WITH THE CHICAGO PUBLIC SCHOOLS TO ACCEPT CHILDREN WITH AN INTEREST IN ARCHITECTURE, CONSTRUCTION AND ENGINEERING. CPS WILL PROVIDE FUNDING. FUNDING IS ALSO PROVIDED BY THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ACE TECH ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ACE TECH JAZZ JAM
IRS990/ScheduleJRequiredInd00

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