Civic Intelligence

James Shaw Ace Academy

990 • Fiscal year 2020 • EIN 81-1862359

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

Organization Profilewww.shawaceacademy.com
163 STRATFORD COURT Room STE 110Winston Salem, NC 27103

(336) 306-8145

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

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

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

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

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-53%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$65,086

Down $8,027 (-11%) from 2019

Net Assets

Down

$65,086

Down $8,027 (-11%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin22nd percentile

Revenue

Down

$36,979

Down $42,231 (-53%) from 2019

Expenses

Down

$45,006

Down $9,701 (-18%) from 2019

Net Income

Down

-$8,027

Down $32,530 (-133%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$80K$60K$40K$20K$0Assets 2018: $48,610Liabilities 2018: $0Net Assets 2018: $48,6102018Assets 2019: $73,113Liabilities 2019: $0Net Assets 2019: $73,1132019Assets 2020: $65,086Liabilities 2020: $0Net Assets 2020: $65,0862020Assets 2021: $39,774Liabilities 2021: $0Net Assets 2021: $39,7742021Assets 2022: $20,811Liabilities 2022: $0Net Assets 2022: $20,8112022Assets 2023: $27,781Liabilities 2023: $0Net Assets 2023: $27,7812023Assets 2024: $33,551Liabilities 2024: $0Net Assets 2024: $33,5512024

Highlighted filing

2020

Assets$65,086
Liabilities$0
Net Assets$65,086
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$100K$50K$0-$50KRevenue 2018: $99,792Expenses 2018: $51,182Net Income 2018: $48,6102018Revenue 2019: $79,210Expenses 2019: $54,707Net Income 2019: $24,5032019Revenue 2020: $36,979Expenses 2020: $45,006Net Income 2020: -$8,0272020Revenue 2021: $47,169Expenses 2021: $72,481Net Income 2021: -$25,3122021Revenue 2022: $32,137Expenses 2022: $51,100Net Income 2022: -$18,9632022Revenue 2023: $49,406Expenses 2023: $42,436Net Income 2023: $6,9702023Revenue 2024: $70,083Expenses 2024: $64,313Net Income 2024: $5,7702024

Highlighted filing

2020

Revenue$36,979
Expenses$45,006
Net Income-$8,027
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.1
Gross Receipts
$36,979
Mission and Program Overview

Mission

Through lectures and a summer camp, introduce middle and high school students to the career opportunities in the aviation/aerospace industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$73,113$65,086▼ $8,027
Total Assets$73,113$65,086▼ $8,027
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,113$65,086▼ $8,027
Total Net Assets Fund Balance$73,113$65,086▼ $8,027
Total Liabilities and Net Assets / Fund Balance$73,113$65,086▼ $8,027
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
James Shaw JrChairman, CEO
Angela AndersonBoard member
James Shaw IIIBoard member
Clementine ShawExecutive VP
Alexandra ShawSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$36,979
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$36,979
Change in Net Assets
$-8,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings-$15,957-$15,957
Fees for Services Management-$6,458-$6,458
Travel-$3,750-$3,750
Occupancy-$3,500-$3,500
Office Expenses-$2,445-$2,445
Fees for Services Accounting-$1,000-$1,000
Other Expenses$1,846$300-$300
Total Functional Expenses$9,113$35,893$0$45,006
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
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

“Board reviews and approves Form 990 prior to filing.”

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

“Board members/officers provide a signed statement that they are in compliance with the Organizations policy on conflicts of interest annually.”

Form 990, Part VI, Section B, Line 15B

“Currently, no Board member or officer receives any compensation from the Organization, nor are there any plans to change this arrangement. However, should compensation ever become an issue, all compensation levels will be approved by the Board.”

Form 990, Part VI, Section C, Line 19

“All pertinent documents are available for inspection at the Organizations office upon request.”

Filing and Contact Details

Filer

Filer Name
James Shaw Ace Academy
EIN
81-1862359
Phone
3363068145
Address
163 STRATFORD COURT Room STE 110, WINSTON SALEM, NC 27103
Doing Business As
Ace Academy

Signing Officer

Name
James Shaw Jr
Title
President
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Shaw Sr
Formed
2017
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Preston Sims & Darden PA
Address
3410 Healy Drive Ste 201-K, Winston Salem, NC 27103
Preparer
James L Darden
Phone
3367940662
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Due to Covid, the Organization was unable to conduct the primary fundraiser of the year, golf tournament, nor did it put on the summer camp, the primary mission of the organization.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Due to Covid, the Organization was unable to conduct the primary fundraiser of the year, golf tournament, nor did it put on the summer camp, the primary mission of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board reviews and approves Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members/officers provide a signed statement that they are in compliance with the Organizations policy on conflicts of interest annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Currently, no Board member or officer receives any compensation from the Organization, nor are there any plans to change this arrangement. However, should compensation ever become an issue, all compensation levels will be approved by the Board.
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ReturnHeader/ReturnTs02021-05-12T03:46:51-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0James
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shaw
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,086
Liabilities
$0
Net assets
$65,086
Revenue
$36,979
Expenses
$45,006
Net income
-$8,027
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.6$0.00$33.6$70.1$64.3$5.77
2023Detailed filing. Detailed filing data is available for this year.$27.8$0.00$27.8$49.4$42.4$6.97
2022Detailed filing. Detailed filing data is available for this year.$20.8$0.00$20.8$32.1$51.1$19.0
2021Detailed filing. Detailed filing data is available for this year.$39.8$0.00$39.8$47.2$72.5$25.3
2020Detailed filing. Detailed filing data is available for this year.$65.1$0.00$65.1$37.0$45.0$8.03
2019Detailed filing. Detailed filing data is available for this year.$73.1$0.00$73.1$79.2$54.7$24.5
2018Detailed filing. Detailed filing data is available for this year.$48.6$0.00$48.6$99.8$51.2$48.6