Civic Intelligence

Ace Preparatory Inc.

990 • Fiscal year 2023 • EIN 47-3128337

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 19, 2023

Organization ProfileWWW.ACEPREPACADEMY.ORG
5326 Hillside AveIndianapolis, IN 46220

(317) 744-9847

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.88x

Higher debt load relative to assets than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

1.45x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

36th percentile

-1.4%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$89,707

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

18th percentile

-6.1%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-8.8%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$3,812,056

Down $246,335 (-6.1%) from 2022

Net Assets

Down

$439,795

Down $32,444 (-6.9%) from 2022

Liabilities

Down

$3,372,261

Down $213,891 (-6.0%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin36th percentile

Revenue

Down

$2,328,140

Down $225,378 (-8.8%) from 2022

Expenses

Up

$2,360,584

Up $187,076 (+8.6%) from 2022

Net Income

Down

-$32,444

Down $412,454 (-109%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$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

2023

Assets$3,812,056
Liabilities$3,372,261
Net Assets$439,795
Open 2023 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$2,328,140
Expenses$2,360,584
Net Income-$32,444
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 19, 2023
Return Version
2022v5.0
Gross Receipts
$2,328,140
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$379,895$402,696▲ $22,801
Pledges and Grants Receivable$244,058$77,866▼ $166,192
Land, Buildings, and Equipment, Net$107,281$60,392▼ $46,889
Prepaid Expenses and Deferred Charges$16,752$13,664▼ $3,088
Total Assets$4,058,391$3,812,056▼ $246,335
Other Assets Total$3,310,405$3,257,438▼ $52,967
Liabilities
Other Liabilities$3,347,001$3,308,945▼ $38,056
Unsecured Notes Loans Payable$155,800--
Accounts Payable and Accrued Expenses$83,351$63,316▼ $20,035
Total Liabilities$3,586,152$3,372,261▼ $213,891
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,239$439,795▼ $32,444
Total Net Assets Fund Balance$472,239$439,795▼ $32,444
Total Liabilities and Net Assets / Fund Balance$4,058,391$3,812,056▼ $246,335

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,219$284,631$316,850
Leasehold Improvements$28,173$110,497$138,670
Other Assets Org$3,257,438--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerriesha AdamsCOOFT$79,144$10,563$89,707
Amanda LilesPrincipalFT$73,317-$73,317

Board Members and Trustees

NameTitle
Mitchell GaugerChair
Tatiana DayVice Chair
Alex MaggosBoard Member
Brandon BennettBoard Member
Charles IbrahimBoard Member
John ShertzerBoard Member
Jordan OliverBoard Member
LATOYA ASHE'Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,296,955
Program Service Revenue
$0
Investment Income
$6,828
Other Revenue
$24,357
All Other Contributions
$10,332
Change in Net Assets
$-32,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,328,140
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,328,140
Total Revenue per Form 990
$2,328,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,425,360
Other Expenses$935,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$940,244$119,514-$1,059,758
Occupancy$380,143--$380,143
Current Officers, Directors, Trustees, and Key Employees$157,039$19,961-$177,000
Fees for Services Other$49,028$87,600-$136,628
Office Expenses$62,872$32,567-$95,439
Payroll Taxes$38,581$52,935-$91,516
Other Employee Benefits$35,794$49,111-$84,905
Depreciation Depletion$59,889--$59,889
Fees for Services Accounting-$49,485-$49,485
Information Technology$29,106--$29,106
Insurance-$20,143-$20,143
Advertising-$13,552-$13,552
Pension Plan Contributions$5,135$7,046-$12,181
Other Expenses$135,895$7,866-$7,866
Travel$5,529--$5,529
Fees for Services Legal-$1,549-$1,549
Total Functional Expenses$1,899,255$461,329$0$2,360,584

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,360,584
Total Expenses per Audited Statements$2,360,584
Total Expenses per Form 990$2,360,584
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$3,308,945
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Kerriesha Adams
Title
COO
Phone
3177449847
Signed
2023-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerriesha Adams
Formed
2015
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
33
Volunteers
8

Preparer

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

Financial Statement Notes

PART X, LINE 2:

“Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is 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 has examined this issue and has determined there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2019 are open to audit for both federal and state purposes.”

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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/OtherLiabilitiesGrp/BOYAmt03347001
IRS990/OtherLiabilitiesGrp/EOYAmt03308945
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0STUDENT FEES AND OTHER
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024357
IRS990/OtherRevenueTotalAmt024357
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0119514
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0940244
IRS990/OtherSalariesAndWagesGrp/TotalAmt01059758
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052935
IRS990/PayrollTaxesGrp/ProgramServicesAmt038581
IRS990/PayrollTaxesGrp/TotalAmt091516
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07046
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05135
IRS990/PensionPlanContributionsGrp/TotalAmt012181
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0244058
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt077866
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013664
IRS990/PrincipalOfficerNm0KERRIESHA ADAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02465107
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt085
IRS990/PYOtherExpensesAmt0891941
IRS990/PYOtherRevenueAmt088326
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0380010
IRS990/PYSalariesCompEmpBnftPaidAmt01281567
IRS990/PYTotalExpensesAmt02173508
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02553518
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-32444
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt024357
IRS990ScheduleA/SchoolInd0X
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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/BookValueAmt032219
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0284631
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0316850
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02360584
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt028173
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0110497
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0138670
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03257438
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03308945
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02328140
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS 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 HAS EXAMINED THIS ISSUE AND HAS DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2019 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060392
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03257438
IRS990ScheduleD/TotalExpensesPerForm990Amt02360584
IRS990ScheduleD/TotalLiabilityAmt03308945
IRS990ScheduleD/TotalRevenuePerForm990Amt02328140
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02328140
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02360584
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/ExplanationTxt0SOME MARKETING ITEMS THAT ENCOURAGE ENROLLMENT DO NOT INCLUDE ACE PREPARATORY'S NONDISCRIMINATORY STATEMENT. ACE 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/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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/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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04058391
IRS990/TotalAssetsEOYAmt03812056
IRS990/TotalAssetsGrp/BOYAmt04058391
IRS990/TotalAssetsGrp/EOYAmt03812056
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02296955
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0461329
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01899255
IRS990/TotalFunctionalExpensesGrp/TotalAmt02360584
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03586152
IRS990/TotalLiabilitiesEOYAmt03372261
IRS990/TotalLiabilitiesGrp/BOYAmt03586152
IRS990/TotalLiabilitiesGrp/EOYAmt03372261
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0472239
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0439795
IRS990/TotalOtherCompensationAmt010563
IRS990/TotalProgramServiceExpensesAmt01899255
IRS990/TotalReportableCompFromOrgAmt0152461
IRS990/TotalRevenueGrp/ExclusionAmt06828
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024357
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02328140
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04058391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03812056
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05529
IRS990/TravelGrp/TotalAmt05529
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0155800
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05326 HILLSIDE AVE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046220
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.ACEPREPACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KERRIESHA ADAMS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,812,056
Liabilities
$3,372,261
Net assets
$439,795
Revenue
$2,328,140
Expenses
$2,360,584
Net income
-$32,444
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