Civic Intelligence

Ace Tech Charter High School

990 • Fiscal year 2017 • EIN 34-1987246

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.ACETECHNICAL.ORG

View Organization Page

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

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

27th percentile

-5.2%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

20th percentile

-4.6%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-20%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$1,314,684

Down $63,929 (-4.6%) from 2016

Net Assets

Down

$1,159,946

Down $143,507 (-11%) from 2016

Liabilities

Up

$154,738

Up $79,578 (+106%) from 2016

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin27th percentile

Revenue

Down

$4,444,425

Down $1,133,520 (-20%) from 2016

Expenses

Down

$4,674,175

Down $1,159,136 (-20%) from 2016

Net Income

Up

-$229,750

Up $25,616 (+10%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

2017

Assets$1,314,684
Liabilities$154,738
Net Assets$1,159,946
Open 2017 Filing

Operations Trend

Revenue Growth13th percentile

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

2017

Revenue$4,444,425
Expenses$4,674,175
Net Income-$229,750
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$4,558,202
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$759,844$789,123▲ $29,279
Land, Buildings, and Equipment, Net$300,352$240,790▼ $59,562
Pledges and Grants Receivable$277,231$198,143▼ $79,088
Cash and Non-Interest-Bearing Accounts$41,186$75,717▲ $34,531
Total Assets$1,378,613$1,314,684▼ $63,929
Other Assets Total$0$10,911▲ $10,911
Liabilities
Accounts Payable and Accrued Expenses$75,160$154,738▲ $79,578
Total Liabilities$75,160$154,738▲ $79,578
Net Assets / Fund Balance
Permanently Rstr Net Assets$759,844$789,123▲ $29,279
Temporarily Rstr Net Assets$543,609$370,823▼ $172,786
Total Net Assets Fund Balance$1,303,453$1,159,946▼ $143,507
Total Liabilities and Net Assets / Fund Balance$1,378,613$1,314,684▼ $63,929

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$215,082$1,214,579$1,429,661
Buildings$25,708$162,491$188,199
Other Securities$789,123--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
joan archiepreSIDENT
mark jolicoeurvice President
Andy BurhartMember
Anthony TysingerMember
Jason BonaparteMember
Jonathon JonesMember
Mark EamesMember
Maurice KingMember
Todd PressleyMember
Joseph ScarpelliSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,375,662
Program Service Revenue
$0
Investment Income
$6,888
Other Revenue
$61,875
All Other Contributions
$9,400
Change in Net Assets
$-229,750

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
$4,444,425
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$86,243
Total Revenue per Audited Statements
$4,530,668
Total Revenue per Form 990
$4,444,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,352,689
Other Expenses$1,321,486
Total Fundraising Expense$116,477
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,243,288$443,119$83,085$2,769,492
Other Employee Benefits$472,389$93,312$17,496$583,197
All Other Expenses$237,578$26,562$4,981$269,121
Fees for Services Other$82,766$16,349$3,066$102,181
Other Expenses$77,137$15,237$2,857$95,231
Depreciation Depletion$72,900$14,400$2,700$90,000
Insurance$47,401$9,363$1,756$58,520
Information Technology$7,425$1,467$275$9,167
Office Expenses$6,948$1,372$257$8,577
Travel$103$20$4$127
Total Functional Expenses$3,936,497$621,201$116,477$4,674,175

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,674,175
Total Expenses per Audited Statements$4,674,175
Total Expenses per Form 990$4,674,175
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$113,777
Fundraising Gross Income$113,777
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
Backup withholding compliance
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 11B

“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
Joan Archie
Title
Principal
Phone
7738349728
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Archie
Formed
2003
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
78
Volunteers
0

Preparer

Firm
Wipfli LLP
Address
125 South Wacker Drive Suite 1500, Chicago, IL 60606
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

Schedule D Page 4 Pt XI Line 2D

“The amount of $86243 on line 2D, part XI is unrealized gain on endowment fund activity.”

Raw XML AppendixShowing 400 of 456 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/PledgesAndGrantsReceivableGrp/BOYAmt0277231
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0198143
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Joan Archie
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05483954
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08108
IRS990/PYOtherExpensesAmt01566243
IRS990/PYOtherRevenueAmt085883
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-255366
IRS990/PYSalariesCompEmpBnftPaidAmt04267068
IRS990/PYTotalExpensesAmt05833311
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05577945
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-229750
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/BookValueAmt025708
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0162491
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0188199
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04674175
IRS990ScheduleD/NetUnrealizedGainsInvstAmt086243
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0215082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01214579
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01429661
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0789123
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ENDOWMENT FUND INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt086243
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04444425
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The amount of $86243 on line 2D, part XI is unrealized gain on endowment fund activity.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D Page 4 Pt XI Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0240790
IRS990ScheduleD/TotalBookValueSecuritiesAmt0789123
IRS990ScheduleD/TotalExpensesPerForm990Amt04674175
IRS990ScheduleD/TotalRevenuePerForm990Amt04444425
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04530668
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04674175
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0contributed service
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS EMAILED TO THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL EXECUTIVE DIRECTOR AND THE FINANCE AND PERSONNEL COMMITTEE REVIEW ALL SITUATIONS SPECIALLY CONTRACTS, FOR ADHERENCE TO THE CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST THE DOCUMENTS ARE AVAILABLE FOR MAILING OR PICK UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0543609
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0370823
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01378613
IRS990/TotalAssetsEOYAmt01314684
IRS990/TotalAssetsGrp/BOYAmt01378613
IRS990/TotalAssetsGrp/EOYAmt01314684
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04375662
IRS990/TotalEmployeeCnt078
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0116477
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0621201
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03936497
IRS990/TotalFunctionalExpensesGrp/TotalAmt04674175
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075160
IRS990/TotalLiabilitiesEOYAmt0154738
IRS990/TotalLiabilitiesGrp/BOYAmt075160
IRS990/TotalLiabilitiesGrp/EOYAmt0154738
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01303453
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01159946
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03936497
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04444425

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,314,684
Liabilities
$154,738
Net assets
$1,159,946
Revenue
$4,444,425
Expenses
$4,674,175
Net income
-$229,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.11$0.15$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.11$0.15$3.29$3.52$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.31$0.15$1.16$4.44$4.67$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.38$0.08$1.30$5.58$5.83$0.26
2015Detailed filing. Detailed filing data is available for this year.$1.70$0.11$1.58$6.02$5.73$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.40$1.29$5.63$5.78$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.38$1.29$5.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.40$1.47$5.49