Civic Intelligence

James Shaw Ace Academy

990 • Fiscal year 2021 • EIN 81-1862359

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 11, 2022

Organization Profilewww.shawaceacademy.com
163 Stratford Court Apt 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

66th percentile

0.00x

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

2021 filings • NTEE T50 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

0.00x

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

2021 filings • NTEE T50 • <$500k nonprofits • Source year 2021

Net Margin

15th percentile

-54%

Higher net margin than 15% of similar nonprofits.

2021 filings • NTEE T50 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • NTEE T50 • <$500k nonprofits • Source year 2021

Asset Growth

18th percentile

-39%

Faster asset growth than 18% of similar nonprofits.

2021 filings • NTEE T50 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

28%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • NTEE T50 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$39,774

Down $25,312 (-39%) from 2020

Net Assets

Down

$39,774

Down $25,312 (-39%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin15th percentile

Revenue

Up

$47,169

Up $10,190 (+28%) from 2020

Expenses

Up

$72,481

Up $27,475 (+61%) from 2020

Net Income

Down

-$25,312

Down $17,285 (-215%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2021

Assets$39,774
Liabilities$0
Net Assets$39,774
Open 2021 Filing

Operations Trend

Revenue Growth62nd 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

2021

Revenue$47,169
Expenses$72,481
Net Income-$25,312
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 11, 2022
Return Version
2021v4.1
Gross Receipts
$47,169
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$65,086$39,774▼ $25,312
Total Assets$65,086$39,774▼ $25,312
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$65,086$39,774▼ $25,312
Total Net Assets Fund Balance$65,086$39,774▼ $25,312
Total Liabilities and Net Assets / Fund Balance$65,086$39,774▼ $25,312
Compensation and Service Providers
Top Officer Pay93rd 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
$47,164
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$39,664
Change in Net Assets
$-25,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$72,481
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
Travel-$14,982-$14,982
Office Expenses$600$6,329-$6,929
Occupancy-$5,460-$5,460
Insurance$1,778--$1,778
Fees for Services Accounting-$700-$700
Other Expenses$31,516$7-$7
Total Functional Expenses$42,243$30,238$0$72,481
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
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
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 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 APT STE 110, WINSTON SALEM, NC 27103
Doing Business As
Ace Academy

Signing Officer

Name
James Shaw JR
Title
President
Phone
3363068145
Signed
2022-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Shaw JR
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
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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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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0James
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shaw
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,774
Liabilities
$0
Net assets
$39,774
Revenue
$47,169
Expenses
$72,481
Net income
-$25,312
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