Civic Intelligence

Ace Tech Charter High School

990 • Fiscal year 2015 • EIN 34-1987246

Jul 01, 2014 to Jun 30, 2015 • Filed on May 04, 2016

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

33rd percentile

0.07x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

56th percentile

4.7%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

54th percentile

$127,231

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

50th percentile

0.8%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

6.9%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,695,817

Up $12,632 (+0.8%) from 2014

Net Assets

Up

$1,584,833

Up $297,143 (+23%) from 2014

Liabilities

Down

$110,984

Down $284,511 (-72%) from 2014

Revenue

Up

$6,016,666

Up $388,442 (+6.9%) from 2014

Expenses

Down

$5,734,200

Down $49,771 (-0.9%) from 2014

Net Income

Up

$282,466

Up $438,213 (+281%) from 2014

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

2015

Assets$1,695,817
Liabilities$110,984
Net Assets$1,584,833

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

2015

Revenue$6,016,666
Expenses$5,734,200
Net Income$282,466
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 4, 2016
Return Version
2014v6.0
Gross Receipts
$6,116,198
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$1,001,686$988,258▼ $13,428
Land, Buildings, and Equipment, Net$420,056$361,786▼ $58,270
Pledges and Grants Receivable$199,436$248,373▲ $48,937
Cash and Non-Interest-Bearing Accounts$54,107$97,000▲ $42,893
Total Assets$1,683,185$1,695,817▲ $12,632
Other Assets Total$7,900$400▼ $7,500
Liabilities
Accounts Payable and Accrued Expenses$395,495$110,984▼ $284,511
Total Liabilities$395,495$110,984▼ $284,511
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,001,686$988,258▼ $13,428
Temporarily Rstr Net Assets$286,004$596,575▲ $310,571
Total Net Assets Fund Balance$1,287,690$1,584,833▲ $297,143
Total Liabilities and Net Assets / Fund Balance$1,683,185$1,695,817▲ $12,632

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$212,196$1,165,924$1,378,120
Buildings$149,590$38,609$188,199
Other Securities$988,258--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marvin TalleyPrincipalFT$127,231$127,231
Revenue and Support

Revenue Composition

Contributions and Grants
$5,895,622
Program Service Revenue
$0
Investment Income
$8,865
Other Revenue
$112,179
All Other Contributions
$32,250
Change in Net Assets
$282,466

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
$6,016,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$14,677
Total Revenue per Audited Statements
$6,031,343
Total Revenue per Form 990
$6,016,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,109,470
Other Expenses$1,624,730
Total Fundraising Expense$139,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,651,345$523,723$98,198$3,273,266
Other Employee Benefits$558,419$110,304$20,683$689,406
All Other Expenses$454,150$25,897$2,964$483,011
Payroll Taxes$118,906$23,488$4,404$146,798
Other Expenses$115,739$22,862$4,287$142,888
Fees for Services Other$88,771$17,535$3,288$109,594
Depreciation Depletion$70,882$14,001$2,625$87,508
Insurance$49,391$9,756$1,829$60,976
Information Technology$22,038$4,353$816$27,207
Office Expenses$2,650$524$98$3,272
Advertising$380--$380
Travel$194$38$7$239
Total Functional Expenses$4,842,520$752,481$139,199$5,734,200

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,734,200
Total Expenses per Audited Statements$5,734,200
Total Expenses per Form 990$5,734,200
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$99,532
Fundraising Gross Income$99,532
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
2016-05-04
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
84
Volunteers
0

Preparer

Firm
Horwich Coleman Levin LLC
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 gain on investments

Form 990 Page 12 Pt XI Line 5

The amount of $14,677 on line 2d, part xii is unrealized gain on endowment fund activity.

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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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IRS990/LandBldgEquipCostOrOtherBssAmt01566319
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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/NetAssetsOrFundBalancesBOYAmt01287690
IRS990/NetAssetsOrFundBalancesEOYAmt01584833
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt014677
IRS990/NoncashContributionsAmt0376788
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt098
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0524
IRS990/OfficeExpensesGrp/ProgramServicesAmt02650
IRS990/OfficeExpensesGrp/TotalAmt03272
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07900
IRS990/OtherAssetsTotalGrp/EOYAmt0400
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt020683
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0110304
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0558419
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0689406
IRS990/OtherExpensesGrp/Desc0FACILITIES EXPENSE
IRS990/OtherExpensesGrp/Desc1FOOD COSTS
IRS990/OtherExpensesGrp/Desc2STUDENT SUPPORT SERVICE
IRS990/OtherExpensesGrp/Desc3CPS ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/FundraisingAmt04287
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022862
IRS990/OtherExpensesGrp/ProgramServicesAmt0345534
IRS990/OtherExpensesGrp/ProgramServicesAmt1201843
IRS990/OtherExpensesGrp/ProgramServicesAmt2162278
IRS990/OtherExpensesGrp/ProgramServicesAmt3115739
IRS990/OtherExpensesGrp/TotalAmt0345534
IRS990/OtherExpensesGrp/TotalAmt1201843
IRS990/OtherExpensesGrp/TotalAmt2162278
IRS990/OtherExpensesGrp/TotalAmt3142888
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0STUDENT FEES & ACTIVIT
IRS990/OtherRevenueMiscGrp/Desc1REALIZED GAIN ON INVES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt061248
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt150931
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt061248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt150931
IRS990/OtherRevenueTotalAmt0112179
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt098198
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0523723
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02651345
IRS990/OtherSalariesAndWagesGrp/TotalAmt03273266
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04404
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023488
IRS990/PayrollTaxesGrp/ProgramServicesAmt0118906
IRS990/PayrollTaxesGrp/TotalAmt0146798
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01001686
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0988258
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0199436
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0248373
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOAN ARCHIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05555530
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010532
IRS990/PYOtherExpensesAmt01152518
IRS990/PYOtherRevenueAmt062162
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-155747
IRS990/PYSalariesCompEmpBnftPaidAmt04631453
IRS990/PYTotalExpensesAmt05783971
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05628224
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0282466
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/BookValueAmt0149590
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0188199
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05734200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0212196
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01165924
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01378120
IRS990ScheduleD/OtherRevenueAmt014677
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0988258
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ENDOWMENT FUND INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt014677
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06016666
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED GAIN ON INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE AMOUNT OF $14,677 ON LINE 2D, PART XII IS UNREALIZED GAIN ON ENDOWMENT FUND ACTIVITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PAGE 12 PT XI LINE 5
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0361786
IRS990ScheduleD/TotalBookValueSecuritiesAmt0988258
IRS990ScheduleD/TotalExpensesPerForm990Amt05734200
IRS990ScheduleD/TotalRevenuePerForm990Amt06016666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06031343
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05734200
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.

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