Ace IT Education INC

Revere, MAUnknown exempt organizationEIN 04-3486384

The organization is dedicated to promoting harmony in diverse cultural setting in the united states

69¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $127
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31K
Spent
$58K
To programs
69%
Net assets
$0

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $40K Management & general 31% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ace IT Education INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes harmony in diverse cultural settings across the United States.

Provided by the organization

This section is blank until Ace IT Education INC claims this page.

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1 program service account for $40K of program spending, described in the organization's own filed words · FY2020.
01

The organization's activities include turkis trips, turkish classes, luncheon forums, ambassador's services, an annual turkish festival, a family matching project, book signings and discussions, an annual awards ceremony, conferences, and panel discussions.

$40Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$127

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$31K
Ln 12
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$872
Money outPt IX
$58K
Ln 25
Programscol B$40K
Managementcol C$18K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$872
Total revenueLn 12$31K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Total assetsLn 16$31K$0
LiabilitiesLn 26$4K$0
Net assetsLn 32$27K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Other salaries and wagesLn 7$12K$10K$2K
Payroll taxesLn 10$3K$3K$635
Management feesLn 11a$744$744
Accounting feesLn 11c$425$425
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2
OccupancyLn 16$414$331$83
TravelLn 17$265$265
Conferences, conventions and meetingsLn 19$17K$17K
Depreciation, depletion and amortizationLn 22$18K$5K$13K
InsuranceLn 23$123$123
Other expenses (24a–d)Ln 24$313$313
Total functional expensesLn 25$58K$40K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $31K$58K−$27K$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $31,335 across 5 lines filed
VIII-1f All other contributions, gifts and grants$30,463
VIII-1h Total contributions, gifts and grants$30,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $872$872
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $872$31,335
Part IX · Statement of functional expenses $58,392 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,000$3,000
IX-7 Other salaries and wagesPrograms $9,989 · Management $2,497$12,486
IX-10 Payroll taxesPrograms $2,542 · Management $635$3,177
IX-11a Management feesManagement $744$744
IX-11c Accounting feesManagement $425$425
IX-12 Advertising and promotionPrograms $1,554$1,554
IX-13 Office expenses$2
IX-16 OccupancyPrograms $331 · Management $83$414
IX-17 TravelPrograms $265$265
IX-19 Conferences, conventions and meetingsPrograms $17,460$17,460
IX-22 Depreciation, depletion and amortizationPrograms $5,255 · Management $13,176$18,429
IX-23 InsuranceManagement $123$123
IX-24 Other expenses (24a–d)Management $313$313
IX-25 Total functional expensesPrograms $40,396 · Management $17,996 · Fundraising $0$58,392
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $30,851$0
X-26 Total liabilitiesStart of year $3,794$0
X-32 Total net assets or fund balancesStart of year $27,057$0
X-33 Total liabilities and net assetsStart of year $30,851$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$31,335
XI-2 Total expenses$58,392
XI-3 Revenue less expenses−$27,057
XI-4 Net assets at start of year$27,057
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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