Civic Intelligence

Ace Tech Endowment Fund

990 • Fiscal year 2014 • EIN 72-1602149

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization ProfileNONE
5410 S State StreetChicago, IL 60609

(773) 548-8705

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

49th percentile

1.6%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

135%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,017,667

Up $16,233 (+1.6%) from 2013

Net Assets

Up

$1,017,667

Up $16,233 (+1.6%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin86th percentile

Revenue

Up

$80,007

Up $45,951 (+135%) from 2013

Expenses

Down

$52,391

Down $145,414 (-74%) from 2013

Net Income

Up

$27,616

Up $191,365 (+117%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $903,232Liabilities 2010: $0Net Assets 2010: $903,2322010Assets 2011: $931,942Liabilities 2011: $0Net Assets 2011: $931,9422011Assets 2012: $1,031,410Liabilities 2012: $0Net Assets 2012: $1,031,4102012Assets 2013: $1,001,434Liabilities 2013: $0Net Assets 2013: $1,001,4342013Assets 2014: $1,017,667Liabilities 2014: $0Net Assets 2014: $1,017,6672014Assets 2015: $868,391Liabilities 2015: $0Net Assets 2015: $868,3912015Assets 2016: $713,278Liabilities 2016: $0Net Assets 2016: $713,2782016Assets 2017: $843,137Liabilities 2017: $0Net Assets 2017: $843,1372017Assets 2018: $637,040Liabilities 2018: $0Net Assets 2018: $637,0402018Assets 2019: $297,062Liabilities 2019: $0Net Assets 2019: $297,0622019Assets 2020: $337,987Liabilities 2020: $0Net Assets 2020: $337,9872020Assets 2021: $355,482Liabilities 2021: $0Net Assets 2021: $355,4822021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$1,017,667
Liabilities$0
Net Assets$1,017,667
Open 2014 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$500K$0-$500KExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: $34,056Expenses 2013: $197,805Net Income 2013: -$163,7492013Revenue 2014: $80,007Expenses 2014: $52,391Net Income 2014: $27,6162014Revenue 2015: $108,620Expenses 2015: $209,381Net Income 2015: -$100,7612015Revenue 2016: $65,723Expenses 2016: $171,514Net Income 2016: -$105,7912016Revenue 2017: $65,096Expenses 2017: $2,100Net Income 2017: $62,9962017Revenue 2018: $38,667Expenses 2018: $212,087Net Income 2018: -$173,4202018Revenue 2019: $183,836Expenses 2019: $456,154Net Income 2019: -$272,3182019Revenue 2020: $16,240Expenses 2020: $1,555Net Income 2020: $14,6852020Revenue 2021: $20,229Expenses 2021: $2,738Net Income 2021: $17,4912021Revenue 2022: $9,136Expenses 2022: $364,618Net Income 2022: -$355,4822022

Highlighted filing

2014

Revenue$80,007
Expenses$52,391
Net Income$27,616
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$112,449
Mission and Program Overview

Mission

To provide financial assistance to ace tech charter high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$995,780$1,011,464▲ $15,684
Savings and Temporary Cash Investments$5,639$5,789▲ $150
Cash and Non-Interest-Bearing Accounts$15$414▲ $399
Total Assets$1,001,434$1,017,667▲ $16,233
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,001,434$1,017,667▲ $16,233
Total Net Assets Fund Balance$1,001,434$1,017,667▲ $16,233
Total Liabilities and Net Assets / Fund Balance$1,001,434$1,017,667▲ $16,233

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,001,434-▲ $68,624-$1,017,667
2013$1,031,410-▲ $167,829-$1,001,434
2012$931,942-▲ $99,468-$1,031,410
2011$903,232$2,270▲ $26,440-$931,942
2010$818,494$15,225▲ $69,513-$903,232
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Michael HughesPresident
Lori KeeneyAssistant Treasurer
Louis JonesSecretary
Dana P ThorneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$80,007
Other Revenue
$0
Change in Net Assets
$27,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$52,341
Other Expenses$50
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$52,341--$52,341
Fees for Service Investment Mgmnt Fees-$50-$50
Total Functional Expenses$52,341$50$0$52,391
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ace Tech Charter High SchoolChicago, IL501(c)(3)To Support the Operations of the High School and Train Faculty$52,341
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 A, Line 8B

“There are no committees with authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 was provided to the board of directors for review and approval prior to filing.”

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

“The officers are required to annually disclose any potential conflicts of interest. Any identified conflicts of interest would be followed up by the officers.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, section b, line 15a and b: there are no compensated officers, directors, or key employees.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Form 990 Part VI, Section B, Line 13

“As the organization has no employees and only has three officers, a whistleblower policy is not deemed necessary”

Filing and Contact Details

Filer

Filer Name
Ace Tech Endowment Fund
EIN
72-1602149
Phone
7735488705
Address
5410 S STATE STREET, CHICAGO, IL 60609

Signing Officer

Name
Michael Hughes
Title
President
Phone
7735488705
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hughes
Formed
2005
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Warady & Davis Llp
Address
1717 DEERFIELD RD SUITE 300S, DEERFIELD, IL 60015
Preparer
Susan Greggo
Phone
8472679600
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“To support the ace tech charter high school”

Raw XML Appendix369 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE ACE TECH CHARTER HIGH SCHOOL
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ANY IDENTIFIED CONFLICTS OF INTEREST WOULD BE FOLLOWED UP BY THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION B, LINE 15A AND B: THERE ARE NO COMPENSATED OFFICERS, DIRECTORS, OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AS THE ORGANIZATION HAS NO EMPLOYEES AND ONLY HAS THREE OFFICERS, A WHISTLEBLOWER POLICY IS NOT DEEMED NECESSARY
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART VI, SECTION B, LINE 13
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IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ACE TECH CHARTER HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341987246
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05410 SOUTH STATE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0606096342
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01001434
IRS990/TotalAssetsEOYAmt01017667
IRS990/TotalAssetsGrp/BOYAmt01001434
IRS990/TotalAssetsGrp/EOYAmt01017667
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt052341
IRS990/TotalFunctionalExpensesGrp/TotalAmt052391
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01001434
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01017667
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt052341
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt080007
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080007
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01001434
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01017667
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01001434
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01017667
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05410 S STATE STREET
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060609
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL HUGHES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07735488705
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACE TECH ENDOWMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0ACET
ReturnHeader/Filer/EIN0721602149
ReturnHeader/Filer/PhoneNum07735488705
ReturnHeader/Filer/USAddress/AddressLine1Txt05410 S STATE STREET
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060609
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362170602
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARADY & DAVIS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01717 DEERFIELD RD SUITE 300S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEERFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08472679600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN GREGGO
ReturnHeader/ReturnTs02015-05-13T14:50:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,017,667
Liabilities
$0
Net assets
$1,017,667
Revenue
$80,007
Expenses
$52,391
Net income
$27,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.36$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.02$0.00$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.02$0.00$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.18$0.46$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.04$0.21$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.07$0.00$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.07$0.17$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.11$0.21$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.08$0.05$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.03$0.20$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.00$0.93$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$0.00