Civic Intelligence

Ace Educational Foundation Inc.

990 • Fiscal year 2021 • EIN 82-0610516

Jan 01, 2021 to Dec 31, 2021 • Filed on May 15, 2022

Organization Profilewww.ace-ef.org
3201 E 32nd StEdmond, OK 73013

(405) 226-3399

Siviq Scores

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

Liabilities / Assets

94th percentile

1.04x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

30.76x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

24th percentile

$15,000

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

$7,609,785

No earlier filing loaded for comparison.

Net Assets

-$307,349

No earlier filing loaded for comparison.

Liabilities

$7,917,134

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin86th percentile

Revenue

$257,408

No earlier filing loaded for comparison.

Expenses

$132,982

No earlier filing loaded for comparison.

Net Income

$124,426

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0-$5.0MAssets 2021: $7,609,785Liabilities 2021: $7,917,134Net Assets 2021: -$307,3492021Assets 2022: $7,543,861Liabilities 2022: $7,917,134Net Assets 2022: -$373,2732022Assets 2023: $7,537,592Liabilities 2023: $7,917,709Net Assets 2023: -$380,1172023Assets 2024: $4,257,269Liabilities 2024: $3,377,134Net Assets 2024: $880,1352024Assets 2025: $4,257,269Liabilities 2025: $3,357,134Net Assets 2025: $900,1352025

Highlighted filing

2021

Assets$7,609,785
Liabilities$7,917,134
Net Assets-$307,349
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $257,408Expenses 2021: $132,982Net Income 2021: $124,4262021Revenue 2022: $422Expenses 2022: $66,345Net Income 2022: -$65,9232022Revenue 2023: $1,103Expenses 2023: $7,946Net Income 2023: -$6,8432023Revenue 2024: $1,929,783Expenses 2024: $669,532Net Income 2024: $1,260,2512024Revenue 2025: $20,000Expenses 2025: $0Net Income 2025: $20,0002025

Highlighted filing

2021

Revenue$257,408
Expenses$132,982
Net Income$124,426
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 15, 2022
Return Version
2021v4.0
Gross Receipts
$257,408
Mission and Program Overview

Mission

Research and development to transform coal into liquid fuels and desirable chemical products with minimal environmental impacts.

Research and development to transform coal into liquid fuels and desirable products with minimal environmental impacts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,587,344$7,512,989▼ $74,355
Loans From Officers Directors$903,100$941,000▲ $37,900
Cash and Non-Interest-Bearing Accounts$148,115$96,796▼ $51,319
Other Notes and Loans Receivable, Net$12,000$0▼ $12,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-431,775$-307,349▲ $124,426
Total Assets$7,747,459$7,609,785▼ $137,674
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,276,134$6,976,134▼ $300,000
Total Liabilities$8,179,234$7,917,134▼ $262,100
Net Assets / Fund Balance
Total Net Assets Fund Balance$-431,775$-307,349▲ $124,426
Total Liabilities and Net Assets / Fund Balance$7,747,459$7,609,785▼ $137,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$6,409,921$272,900$0
Land$1,103,068-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey a DimickPresident and ChairmanPT$15,000$15,000
MIKE E O'NEALSecretary and TreasurerPT$3,600$3,600

Board Members and Trustees

NameTitle
Daniel V BlairVice President and Trustee
Darlene SherrodTrustee
Ken GasparTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$256,508
Program Service Revenue
$866
Investment Income
$34
Other Revenue
$0
All Other Contributions
$256,508
Change in Net Assets
$124,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,982
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
Depreciation Depletion$77,125--$77,125
Other Expenses$0$8,582$0$8,582
Fees for Services Other$7,200--$7,200
Insurance$4,358$1,251-$5,609
Interest-$2,596-$2,596
All Other Expenses$670$716-$1,386
Advertising$1,050--$1,050
Travel-$455-$455
Total Functional Expenses$95,969$37,013$0$132,982
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jeffrey a DimickDirector/chairmanConsulting/research FeeNo$15,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$903,100$941,000▲ $37,900
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2018-01-09$5,000,000Finance public benefit research

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,000,000$0$460,000$191,025

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 accountant provides electronci copy to all board members before the 990 is filed.”

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

“The corporatin receives and reviews annual statements from all trustees regarding potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“All such documents will be made available upon request.”

Form 990, Part VI, Section C, Line 20

“Erica cameron, 105 oakwood pl, parkersburg, wv 26104”

Filing and Contact Details

Filer

Filer Name
Ace Educational Foundation Inc
EIN
82-0610516
Phone
4052263399
Address
3201 E 32nd St, Edmond, OK 73013

Signing Officer

Name
Mike ONeal
Title
Treasurer
Phone
4052263399
Signed
2022-05-15

Organization Details

Principal Officer
Mike O'Neal
Formed
2018
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
1
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“During the year the corporation transferred its aquaculture operations to another 501(c)(3) entity vienna indoor aquaculture, inc.”

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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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IRS990ScheduleA/Total509Grp/TotalAmt0266044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0256542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt014913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt038476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt022273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0332204
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/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt01103068
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01103068
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06409921
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0272900
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt06682821
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07512989
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-01-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074442PEZ4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt05000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FINANCE PUBLIC BENEFIT RESEARCH
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondDefeasedAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt04070000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CreditEnhancementAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0191025
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0460000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02018
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt05000000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt086190
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt0652785
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JEFFREY A DIMICK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR/CHAIRMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSULTING/RESEARCH FEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt040000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2555000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3296000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PROJECT DEVELOMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PROJECT DEVELOPMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2PROJECT DEVELOPMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3PROJECT DEVELOPMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt040000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2555000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3296000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ALLEN DIMICK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1DANIEL BLAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2KEN GASPAR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3MIKE O'NEAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FATHER OF TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3TRUSTEE

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,609,785
Liabilities
$7,917,134
Net assets
-$307,349
Revenue
$257,408
Expenses
$132,982
Net income
$124,426
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.26$3.36$0.90$0.02$0.00$0.02
2024Detailed filing. Detailed filing data is available for this year.$4.26$3.38$0.88$1.93$0.67$1.26
2023Detailed filing. Detailed filing data is available for this year.$7.54$7.92$0.38$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$7.54$7.92$0.37$0.00$0.07$0.07
2021Detailed filing. Detailed filing data is available for this year.$7.61$7.92$0.31$0.26$0.13$0.12