Civic Intelligence

Ace Tech Charter High School

990 • Fiscal year 2018 • EIN 34-1987246

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.ACETECHNICAL.ORG

View Organization Page

6820 South WashtenawChicago, IL 60629

(773) 548-8705

Siviq Scores

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

Liabilities / Assets

78th percentile

0.43x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.03x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

25th percentile

-6.8%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-80%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$258,461

Down $1,056,223 (-80%) from 2017

Net Assets

Down

$146,353

Down $1,013,593 (-87%) from 2017

Liabilities

Down

$112,108

Down $42,630 (-28%) from 2017

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin25th percentile

Revenue

Down

$3,292,398

Down $1,152,027 (-26%) from 2017

Expenses

Down

$3,516,868

Down $1,157,307 (-25%) from 2017

Net Income

Up

-$224,470

Up $5,280 (+2.3%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2018

Assets$258,461
Liabilities$112,108
Net Assets$146,353
Open 2018 Filing

Operations Trend

Revenue Growth11th 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

2018

Revenue$3,292,398
Expenses$3,516,868
Net Income-$224,470
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$3,389,164
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$789,123--
Land, Buildings, and Equipment, Net$240,790$196,241▼ $44,549
Pledges and Grants Receivable$198,143$29,842▼ $168,301
Cash and Non-Interest-Bearing Accounts$75,717$1,810▼ $73,907
Total Assets$1,314,684$258,461▼ $1,056,223
Other Assets Total$10,911$30,568▲ $19,657
Liabilities
Accounts Payable and Accrued Expenses$154,738$90,732▼ $64,006
Deferred Revenue-$21,376-
Total Liabilities$154,738$112,108▼ $42,630
Net Assets / Fund Balance
Permanently Rstr Net Assets$789,123$0▼ $789,123
Temporarily Rstr Net Assets$370,823$146,353▼ $224,470
Total Net Assets Fund Balance$1,159,946$146,353▼ $1,013,593
Total Liabilities and Net Assets / Fund Balance$1,314,684$258,461▼ $1,056,223

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$177,352$1,266,485$1,443,837
Buildings$18,889$169,335$188,224
Other Assets Org$30,568--
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
$3,107,807
Program Service Revenue
$0
Investment Income
$42
Other Revenue
$184,549
All Other Contributions
$8,201
Change in Net Assets
$-224,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,830,582
Other Expenses$686,286
Total Fundraising Expense$96,152
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,047,125$404,370$75,819$2,527,314
Other Employee Benefits$245,647$48,523$9,098$303,268
All Other Expenses$87,051$11,473$2,151$100,675
Fees for Services Other$74,404$14,697$2,755$91,856
Insurance$51,478$10,168$1,907$63,553
Depreciation Depletion$47,588$9,400$1,763$58,751
Other Expenses$42,756$7,571$1,419$42,756
Information Technology$29,443$5,816$1,090$36,349
Office Expenses$3,865$763$143$4,771
Travel$197$39$7$243
Total Functional Expenses$2,907,896$512,820$96,152$3,516,868
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$182,611
Fundraising Direct Expenses$96,766
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ace Tech Annual Gala$142,161$142,161$83,012$59,149
Ace Tech Jazz Jam$40,450$40,450$13,754$26,696
Total Events$182,611$182,611$96,766$85,845
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
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
6820 SOUTH WASHTENAW, CHICAGO, IL 60629

Signing Officer

Name
Joan Archie
Title
Board Chairman
Phone
7738349728
Signed
2019-05-15
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
79
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
1 N WACKER DRIVE SUITE 1700, CHICAGO, IL 60606
Preparer
Julian G Coleman
Phone
3123410100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Removal of endowment fund -789,123.”

Raw XML AppendixShowing 400 of 429 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/PYSalariesCompEmpBnftPaidAmt03352689
IRS990/PYTotalExpensesAmt04674175
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04444425
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-224470
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt018889
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0169335
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0188224
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt030568
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID EXPENSES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0177352
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01266485
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01443837
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0196241
IRS990ScheduleD/TotalBookValueOtherAssetsAmt030568
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/DirectExpenseSummaryEventsAmt096766
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ACE TECH ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ACE TECH JAZZ JAM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0142161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt040450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0182611
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0142161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt040450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0182611
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt085845
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt096766
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt083012
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt013754
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt4REMOVAL OF ENDOWMENT FUND -789,123.
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 XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0370823
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0146353
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01314684
IRS990/TotalAssetsEOYAmt0258461
IRS990/TotalAssetsGrp/BOYAmt01314684
IRS990/TotalAssetsGrp/EOYAmt0258461
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03107807
IRS990/TotalEmployeeCnt079
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt096152
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0512820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02907896
IRS990/TotalFunctionalExpensesGrp/TotalAmt03516868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0154738
IRS990/TotalLiabilitiesEOYAmt0112108
IRS990/TotalLiabilitiesGrp/BOYAmt0154738
IRS990/TotalLiabilitiesGrp/EOYAmt0112108
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01159946
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146353
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02907896
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt085845
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt098746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03292398
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01314684
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0258461
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt07
IRS990/TravelGrp/ManagementAndGeneralAmt039
IRS990/TravelGrp/ProgramServicesAmt0197
IRS990/TravelGrp/TotalAmt0243
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06820 SOUTH WASHTENAW
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060629
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.ACETECHNICAL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN ARCHIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07738349728
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258,461
Liabilities
$112,108
Net assets
$146,353
Revenue
$3,292,398
Expenses
$3,516,868
Net income
-$224,470
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