Civic Intelligence

Ace Project Inc.

990EZ • Fiscal year 2022 • EIN 83-3117851

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 11, 2023

4106 Greenwood AveLouisville, KY 40211

(502) 778-2565

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

88th percentile

48%

Higher net margin than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

94th percentile

155%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

147%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$146,674

Up $89,154 (+155%) from 2021

Net Assets

Up

$146,674

Up $89,154 (+155%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$175,168

Up $104,124 (+147%) from 2021

Expenses

Up

$90,571

Up $44,962 (+99%) from 2021

Net Income

Up

$84,597

Up $59,162 (+233%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2021: $57,520Liabilities 2021: $0Net Assets 2021: $57,5202021Assets 2022: $146,674Liabilities 2022: $0Net Assets 2022: $146,6742022Assets 2023: $135,761Liabilities 2023: $0Net Assets 2023: $135,7612023Assets 2024: $108,993Liabilities 2024: $0Net Assets 2024: $108,9932024

Highlighted filing

2022

Assets$146,674
Liabilities$0
Net Assets$146,674

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2021: $71,044Expenses 2021: $45,609Net Income 2021: $25,4352021Revenue 2022: $175,168Expenses 2022: $90,571Net Income 2022: $84,5972022Revenue 2023: $189,882Expenses 2023: $200,795Net Income 2023: -$10,9132023Revenue 2024: $208,639Expenses 2024: $235,407Net Income 2024: -$26,7682024

Highlighted filing

2022

Revenue$175,168
Expenses$90,571
Net Income$84,597
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 11, 2023
Return Version
2022v5.0
Gross Receipts
$175,168
Mission and Program Overview

Mission

We provide youth with resources and experiences that allow them to discover their talents and ultimate potential to assist them in becoming productive citizens in our communities.

Program Services

DescriptionGrantsExpenses
Academy of Child Entrepreneurship$0$0
Men In The Making$0$0
PROM$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James AbramsTreasurer-$0--
Shay McAlisterBoard Chair-$0--
Rosetta SmithExecutive Director-$0--
Sara ColyerBoard Member-$0--
Kristal SmithBoard Member-$0--
Marita CraneSecretary-$0--
E'lesha ToomerProgram Director-$0--
Filing and Contact Details

Filer

Filer Name
Ace Project Inc
EIN
83-3117851
Phone
5027782565
Address
4106 Greenwood Ave, Louisville, KY 40211

Signing Officer

Name
Rosetta Smith
Title
Executive Director
Phone
5027782565
Signed
2023-10-11
Discuss with paid preparer
Yes

Preparer

Firm
Fit Money CPA
Address
1448 Gardiner Ln, Louisville, KY 40213-1982
Preparer
Michelle M Musacchio
Phone
5024542755
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

Description: Interest Income. Amount: 1. Total to Form 990-EZ, line 14: 9,608.

Form 990-EZ, Part I, Line 14

Description: Depreciation. Amount: 5,042. Description: Other Expenses. Amount: 4,566.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Advertising & Marketing. Amount: 354. Description: Bank fees & service charges. Amount: 82. Description: Board Meeting Expenses. Amount: 74. Description: Charitable Donations. Amount: 875. Description: Contractors. Amount: 4,443. Description: Dues & Subscriptions. Amount: 75. Description: Holiday Supplies. Amount: 1,362. Description: Insurance. Amount: 7,666. Description: Meetings/ Retreat. Amount: 7,468. Description: Office Supplies. Amount: 353. Description: Payroll fees. Amount: 278. Description: Payroll taxes. Amount: 1,878. Description: Program Facilitator. Amount: 4,952. Description: Program Food. Amount: 1,996. Description: Program Graduation Supplies. Amount: 2,555. Description: Program Supplies. Amount: 10,523. Description: Repairs & Maintenance. Amount: 3,550. Description: Scholarship. Amount: 2,399. Description: Security. Amount: 673. Description: Supplies. Amount: 999. Description: Taxes & Licenses. Amount: 15. Description: Technology Expense. Amount: 2,985. Description: Travel. Amount: 47. Description: Volunteer Expense. Amount: 273. Description: Youth Meals. Amount: 411. Total to Form 990-EZ, line 16: 56,286.

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

Description: Depreciation. Amount: 4,557.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Other Depreciable Assets. Beg. of Year Amount: 0. End of Year Amount: 4,555.

Raw XML Appendix186 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Louisville
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0James Abrams
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Rosetta Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Sara Colyer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Kristal Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Marita Crane
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6E'lesha Toomer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Program Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04555
IRS990EZ/OtherChangesInNetAssetsAmt04557
IRS990EZ/OtherExpensesTotalAmt056286
IRS990EZ/OtherRevenueTotalAmt01
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990EZ/WebsiteAddressTxt0https://aceprojectky.org/
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IRS990ScheduleA/TotalSupportAmt0264997
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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest Income. Amount: 1. Total to Form 990-EZ, line 14: 9,608.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Depreciation. Amount: 5,042. Description: Other Expenses. Amount: 4,566.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Advertising & Marketing. Amount: 354. Description: Bank fees & service charges. Amount: 82. Description: Board Meeting Expenses. Amount: 74. Description: Charitable Donations. Amount: 875. Description: Contractors. Amount: 4,443. Description: Dues & Subscriptions. Amount: 75. Description: Holiday Supplies. Amount: 1,362. Description: Insurance. Amount: 7,666. Description: Meetings/ Retreat. Amount: 7,468. Description: Office Supplies. Amount: 353. Description: Payroll fees. Amount: 278. Description: Payroll taxes. Amount: 1,878. Description: Program Facilitator. Amount: 4,952. Description: Program Food. Amount: 1,996. Description: Program Graduation Supplies. Amount: 2,555. Description: Program Supplies. Amount: 10,523. Description: Repairs & Maintenance. Amount: 3,550. Description: Scholarship. Amount: 2,399. Description: Security. Amount: 673. Description: Supplies. Amount: 999. Description: Taxes & Licenses. Amount: 15. Description: Technology Expense. Amount: 2,985. Description: Travel. Amount: 47. Description: Volunteer Expense. Amount: 273. Description: Youth Meals. Amount: 411. Total to Form 990-EZ, line 16: 56,286.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Depreciation. Amount: 4,557.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: Other Depreciable Assets. Beg. of Year Amount: 0. End of Year Amount: 4,555.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 24 - Other Assets
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Rosetta Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum05027782565
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ace Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0ACEP
ReturnHeader/Filer/EIN0833117851
ReturnHeader/Filer/PhoneNum05027782565
ReturnHeader/Filer/USAddress/AddressLine1Txt04106 Greenwood Ave
ReturnHeader/Filer/USAddress/CityNm0Louisville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040211
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273316003
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FIT MONEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01448 Gardiner Ln
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Louisville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402131982
ReturnHeader/PreparerPersonGrp/PhoneNum05024542755
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michelle M Musacchio
ReturnHeader/ReturnTs02023-10-16T16:04:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Rosetta
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Smith
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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