Civic Intelligence

Ace Preparatory Inc

EIN 47-3128337 • 501(c)3 • Indianapolis, IN

Profile

Through rigorous academics, positive character development, and excellence in everything we do, ace preparatory academy charter school educates kindergarten through grade 5 students for school success and lives of opportunity.

5326 Hillside AveIndianapolis, IN 46220

www.aceprepacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.05x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-9.4%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$3,452,753

Down $359,303 (-9.4%) from 2023

Liabilities

Up

$3,407,730

Up $35,469 (+1.1%) from 2023

Net Assets

Down

$45,023

Down $394,772 (-90%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin13th percentile

Revenue

Down

$1,663,448

Down $664,692 (-29%) from 2023

Expenses

Down

$2,058,220

Down $302,364 (-13%) from 2023

Net Income

Down

-$394,772

Down $362,328 (-1117%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth16th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $244,389Liabilities 2015: $5,827Net Assets 2015: $238,5622015Assets 2016: $65,284Liabilities 2016: $201,215Net Assets 2016: -$135,9312016Assets 2017: $312,868Liabilities 2017: $108,424Net Assets 2017: $204,4442017Assets 2018: $387,021Liabilities 2018: $194,663Net Assets 2018: $192,3582018Assets 2019: $473,641Liabilities 2019: $368,551Net Assets 2019: $105,0902019Assets 2020: $250,565Liabilities 2020: $215,656Net Assets 2020: $34,9092020Assets 2021: $389,202Liabilities 2021: $296,973Net Assets 2021: $92,2292021Assets 2022: $4,058,391Liabilities 2022: $3,586,152Net Assets 2022: $472,2392022Assets 2023: $3,812,056Liabilities 2023: $3,372,261Net Assets 2023: $439,7952023Assets 2024: $3,452,753Liabilities 2024: $3,407,730Net Assets 2024: $45,0232024

Highlighted filing

2024

Assets$3,452,753
Liabilities$3,407,730
Net Assets$45,023
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $286,149Expenses 2015: $47,587Net Income 2015: $238,5622015Revenue 2016: $202,769Expenses 2016: $577,262Net Income 2016: -$374,4932016Revenue 2017: $970,760Expenses 2017: $630,385Net Income 2017: $340,3752017Revenue 2018: $1,415,308Expenses 2018: $1,427,394Net Income 2018: -$12,0862018Revenue 2019: $1,183,570Expenses 2019: $1,270,838Net Income 2019: -$87,2682019Revenue 2020: $811,624Expenses 2020: $867,380Net Income 2020: -$55,7562020Revenue 2021: $1,711,066Expenses 2021: $1,653,746Net Income 2021: $57,3202021Revenue 2022: $2,553,518Expenses 2022: $2,173,508Net Income 2022: $380,0102022Revenue 2023: $2,328,140Expenses 2023: $2,360,584Net Income 2023: -$32,4442023Revenue 2024: $1,663,448Expenses 2024: $2,058,220Net Income 2024: -$394,7722024

Highlighted filing

2024

Revenue$1,663,448
Expenses$2,058,220
Net Income-$394,772
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,452,753
Liabilities
$3,407,730
Net assets
$45,023
Revenue
$1,663,448
Expenses
$2,058,220
Net income
-$394,772
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.45$3.41$0.05$1.66$2.06$0.39
2023Detailed filing. Detailed filing data is available for this year.$3.81$3.37$0.44$2.33$2.36$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.06$3.59$0.47$2.55$2.17$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.30$0.09$1.71$1.65$0.06
2020Summary only. Only limited summary data is available for this year.$0.25$0.22$0.03$0.81$0.87$0.06
2019Summary only. Only limited summary data is available for this year.$0.47$0.37$0.11$1.18$1.27$0.09
2018Summary only. Only limited summary data is available for this year.$0.39$0.19$0.19$1.42$1.43$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.11$0.20$0.97$0.63$0.34
2016Summary only. Only limited summary data is available for this year.$0.07$0.20$0.14$0.20$0.58$0.37
2015Summary only. Only limited summary data is available for this year.$0.24$0.01$0.24$0.29$0.05$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,663,448
Mission and Program Overview

Mission

Through rigorous academics, positive character development, and excellence in everything we do, ace preparatory academy charter school educates kindergarten through grade 5 students for school success and lives of opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$402,696$193,578▼ $209,118
Pledges and Grants Receivable$77,866$33,042▼ $44,824
Land, Buildings, and Equipment, Net$60,392$31,919▼ $28,473
Prepaid Expenses and Deferred Charges$13,664$0▼ $13,664
Total Assets$3,812,056$3,452,753▼ $359,303
Other Assets Total$3,257,438$3,194,214▼ $63,224
Liabilities
Other Liabilities$3,308,945$3,368,147▲ $59,202
Accounts Payable and Accrued Expenses$63,316$39,583▼ $23,733
Total Liabilities$3,372,261$3,407,730▲ $35,469
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$439,795$45,023▼ $394,772
Total Net Assets Fund Balance$439,795$45,023▼ $394,772
Total Liabilities and Net Assets / Fund Balance$3,812,056$3,452,753▼ $359,303

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,977$303,873$316,850
Leasehold Improvements$18,942$132,728$151,670
Other Assets Org$3,194,214--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerriesha AdamsCOOFT$91,538$14,978$106,516
Amanda LilesPrincipalFT$84,447-$84,447

Board Members and Trustees

NameTitle
Mitchell GaugerPresident
Tatiana DayVice President
Glenn MaxMember
Lauren LopezSecretary
Frank JeffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,638,939
Program Service Revenue
$0
Investment Income
$13,613
Other Revenue
$10,896
All Other Contributions
$32,561
Change in Net Assets
$-394,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,663,448
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,663,448
Total Revenue per Form 990
$1,663,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,177,327
Other Expenses$880,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$671,730$151,802-$823,532
Occupancy$398,283--$398,283
Current Officers, Directors, Trustees, and Key Employees$156,626$43,906-$200,532
Fees for Services Other$67,835$77,309-$145,144
Other Expenses$118,332--$118,332
Payroll Taxes$26,945$48,615-$75,560
Other Employee Benefits$25,173$45,419-$70,592
Office Expenses$34,749$30,203-$64,952
Fees for Services Accounting-$52,455-$52,455
Depreciation Depletion$41,473--$41,473
Insurance-$25,202-$25,202
Information Technology$16,549--$16,549
Fees for Services Management-$8,752-$8,752
Pension Plan Contributions$2,536$4,575-$7,111
Advertising-$5,200-$5,200
Travel$4,375--$4,375
Fees for Services Legal-$176-$176
Total Functional Expenses$1,564,606$493,614$0$2,058,220

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,058,220
Total Expenses per Audited Statements$2,058,220
Total Expenses per Form 990$2,058,220
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$3,290,054
Refundable Advances$78,093
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
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

“The form 990 is provided to board members and they are provided time to comment or raise concerns. Any comments or concerns must be addressed to the board member's satisfaction and if necessary, we file for an extension; but if none are raised, the form is filed as prepared.”

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

“Any opportunities that would lead to a potential conflict of interest between the board of directors and school related business, partnerships, and/or financial matters are fully divulged, vetted, and upheld to ensure the utmost level of compliance. Board members sign an annual conflict of interest statement that remains on file at the school, as well as gets submitted to the charter authorizing body, and is reviewed throughout the year on an as-needed basis.”

Form 990, Part VI, Section C, Line 19

“A copy of the board minutes and financial statements are provided to anyone who attends the monthly board meetings. These meetings are open to the public and do not require board member status to attend. The governing documents, conflict of interest policy, and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ace Preparatory Inc
EIN
47-3128337
Phone
3177449847
Address
5326 HILLSIDE AVE, INDIANAPOLIS, IN 46220

Signing Officer

Name
Amanda Liles
Title
Principal
Phone
3177449847
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Liles
Formed
2015
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
22
Volunteers
5

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Rex E Miller CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization's board of directors assumes the oversight of the audit and selection of an independent accountant. The selection and review process has not changed from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“The school received a determination from the u.s. Treasury department stating it qualifies under the provisions of section 501(c)(3) of the internal revenue code as a tax-exempt organization; however, the school would be subject to tax on income unrelated to its tax-exempt purpose. For the years ended june 30, 2024 and 2023, no accounting for federal and state income taxes was required to be included in the accompanying financial statements. Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would not be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. The school examined this issue and determined there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2020 are open to audit for both federal and state purposes.”

Raw XML AppendixShowing 400 of 414 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/OtherExpensesGrp/TotalAmt0118332
IRS990/OtherLiabilitiesGrp/BOYAmt03308945
IRS990/OtherLiabilitiesGrp/EOYAmt03368147
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010896
IRS990/OtherRevenueTotalAmt010896
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0151802
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0671730
IRS990/OtherSalariesAndWagesGrp/TotalAmt0823532
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048615
IRS990/PayrollTaxesGrp/ProgramServicesAmt026945
IRS990/PayrollTaxesGrp/TotalAmt075560
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04575
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02536
IRS990/PensionPlanContributionsGrp/TotalAmt07111
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt077866
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033042
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013664
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0AMANDA LILES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN MATH, 75% OF SCHOLARS WERE AT OR ABOVE GRADE LEVEL PER THEIR END OF YEAR IREADY SCORES. OF THE 25% BELOW GRADE LEVEL, 77% MADE SIGNIFICANT GROWTH TOWARDS THEIR END OF YEAR GROWTH GOAL.
IRS990/ProgSrvcAccomActy3Grp/Desc0OUR STATE TEST SCORES FOR IREAD-3 AND ILEARN ALL INDICATE IMPROVEMENT. OUR IREAD-3 PASSAGE RATE IN 2024 WAS 90.5% UP FROM 76% IN 2023, 62% IN 2022, AND 52% IN 2021.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02296955
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0935224
IRS990/PYOtherRevenueAmt024357
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-32444
IRS990/PYSalariesCompEmpBnftPaidAmt01425360
IRS990/PYTotalExpensesAmt02360584
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02328140
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-394772
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010896
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/EquipmentGrp/BookValueAmt012977
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0303873
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0316850
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02058220
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018942
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0132728
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0151670
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03194214
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03290054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt178093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01663448
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2020 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031919
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03194214
IRS990ScheduleD/TotalExpensesPerForm990Amt02058220
IRS990ScheduleD/TotalLiabilityAmt03368147
IRS990ScheduleD/TotalRevenuePerForm990Amt01663448
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01663448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02058220
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ACE PREPARATORY HAS NOT WIDELY PROMOTED SUCH A POLICY IN THE MANNER DESCRIBED. BY LAW, THE ENROLLMENT POLICES FOR CHARTERS ARE NONDISCRIMINATORY IN THEMSELVES, SO WE UPHOLD THE FULL INTENT AND SPIRIT OF THAT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ACE PREPARATORY IS TUITION FREE AND DOES NOT PROVIDE FINANCIAL ASSISTANCE OR SCHOLARSHIPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES STATE AID AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3SOME MARKETING ITEMS THAT ENCOURAGE ENROLLMENT DO NOT INCLUDE ACE PREPARATORY'S NONDISCRIMINATORY STATEMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3LINE 2 -
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO BOARD MEMBERS AND THEY ARE PROVIDED TIME TO COMMENT OR RAISE CONCERNS. ANY COMMENTS OR CONCERNS MUST BE ADDRESSED TO THE BOARD MEMBER'S SATISFACTION AND IF NECESSARY, WE FILE FOR AN EXTENSION; BUT IF NONE ARE RAISED, THE FORM IS FILED AS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY OPPORTUNITIES THAT WOULD LEAD TO A POTENTIAL CONFLICT OF INTEREST BETWEEN THE BOARD OF DIRECTORS AND SCHOOL RELATED BUSINESS, PARTNERSHIPS, AND/OR FINANCIAL MATTERS ARE FULLY DIVULGED, VETTED, AND UPHELD TO ENSURE THE UTMOST LEVEL OF COMPLIANCE. BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT REMAINS ON FILE AT THE SCHOOL, AS WELL AS GETS SUBMITTED TO THE CHARTER AUTHORIZING BODY, AND IS REVIEWED THROUGHOUT THE YEAR ON AN AS-NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE BOARD MINUTES AND FINANCIAL STATEMENTS ARE PROVIDED TO ANYONE WHO ATTENDS THE MONTHLY BOARD MEETINGS. THESE MEETINGS ARE OPEN TO THE PUBLIC AND DO NOT REQUIRE BOARD MEMBER STATUS TO ATTEND. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS 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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03812056
IRS990/TotalAssetsEOYAmt03452753
IRS990/TotalAssetsGrp/BOYAmt03812056
IRS990/TotalAssetsGrp/EOYAmt03452753
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01638939
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0493614
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01564606
IRS990/TotalFunctionalExpensesGrp/TotalAmt02058220
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03372261
IRS990/TotalLiabilitiesEOYAmt03407730
IRS990/TotalLiabilitiesGrp/BOYAmt03372261
IRS990/TotalLiabilitiesGrp/EOYAmt03407730
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0439795
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045023
IRS990/TotalOtherCompensationAmt014978
IRS990/TotalProgramServiceExpensesAmt01564606
IRS990/TotalReportableCompFromOrgAmt0175985
IRS990/TotalRevenueGrp/ExclusionAmt013613
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01663448
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03812056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03452753
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04375
IRS990/TravelGrp/TotalAmt04375
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05326 HILLSIDE AVE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046220
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ACEPREPACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMANDA LILES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum03177449847
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACE PREPARATORY INC
ReturnHeader/Filer/BusinessNameControlTxt0ACEP
ReturnHeader/Filer/EIN0473128337
ReturnHeader/Filer/PhoneNum03177449847
ReturnHeader/Filer/USAddress/AddressLine1Txt05326 HILLSIDE AVE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046220
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00

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