To provide educational and charitable activities in the united states and around the world

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $13K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Looks good: 16.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$237K
-0.7% vs prior year
Spent
$205K
To programs
97%
Net assets
$276K
By yearFY2020–FY2025
Revenue
$237K
FY2023▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$257K
FY2022$238K
FY2023$237K
FY2024$232K
FY2025$310K
Expenses
$205K
FY2023▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$94K
FY2021$90K
FY2022$266K
FY2023$205K
FY2024$297K
FY2025$404K
Net assets
$276K
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$104K
FY2021$272K
FY2022$244K
FY2023$276K
FY2024$211K
FY2025$116K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $198K Management & general 3% · $7K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
VP/Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Pearse Lyons Ace Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers educational and charitable programs globally.

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Provided by the organization

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3 programs · $198K · in their own filed words · FY2023
01

The foundation raised funds and provided relief to turkey earthquake survivors and ukraine war victims. The foundation raised funds and provided assistance to those in need through the carnegie center for literacy and learning, henry childers foundation, GREENHOUSE17 and the fraternal order of police.

$148Kprogram expense
02

The vocal scholarship program is a competition held in partnership with the university of kentucky. It is open to all new voice students who plan to attend the university of kentucky. The competition awards tuition and other grants to graduate and undergraduate students.

$40Kprogram expense
03

Haiti Relief Fund

To provide direct assistance to the haitian people with the goal of rebuilding lives. The foundation supports two haitian primary schools and provides full financial support for the schools' operations, including teacher salaries, maintenance, supplies and meals for the children.

$10Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 25 grants · $809K · 2020–2025
Greenhouse17 INCKY · FY2025$100,000
University of KentuckyFY2025$52,748
Unitemized GrantFY2025$25,000
Unitemized GrantFY2025$10,000
Gods Pantry Food Bank INCKY · FY2025$10,000
Greenhouse17 INCKY · FY2024$100,000
University of KentuckyFY2024$46,500
Unitemized GrantFY2024$7,000
Greenhouse17 INCKY · FY2023$100,000
University of KentuckyFY2023$40,100
St George ChurchFY2022$52,000
University of KentuckyFY2022$28,000
Missionaries of Charity INCNY · FY2022$25,000
Catholic Charities of Diocese of OwensboroKY · FY2022$18,701
See all 25 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Gifts and grantsLn 1h$231K
Other incomeLn 4–11$6K
Money outPt IX
$205K
Ln 25
Programscol B$198K
Managementcol C$7K
Owns and owesPt X
$276K
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$276K
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$231K
Fundraising eventsLn 1c$36K
Other incomeLn 4–11$6K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$276K
Cash and savings togetherLn 1–2$276K
Total assetsLn 16$276K
LiabilitiesLn 26$0
Net assetsLn 32$276K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$33K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$244K$276K
Total assetsLn 16$244K$276K
LiabilitiesLn 26$0$0
Net assetsLn 32$244K$276K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$155K$155K
Grants and assistance to foreign recipientsLn 3$33K$33K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$14K$10K$4K
Total functional expensesLn 25$205K$198K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 23, 2026 $310K$404K−$95K$116K 990 PDF
FY2024Filed with the IRS May 15, 2025 $232K$297K−$65K$211K 990 PDF
FY2023 ViewingFiled with the IRS Mar 26, 2024 $237K$205K$32K$276K 990 PDF
FY2022Filed with the IRS Apr 24, 2023 $238K$266K−$28K$244K 990 PDF
FY2021Filed with the IRS Mar 23, 2022 $257K$90K$168K$272K 990 PDF
FY2020Filed with the IRS Jan 13, 2022 $159K$94K$65K$104K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $236,745 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $233,996$231,038
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $4,470$5,707
I-12 Total revenuePrior year $238,466$236,745
I-13 Grants and similar amounts paidPrior year $239,764$187,830
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,269$16,995
I-18 Total expensesPrior year $266,033$204,825
I-19 Revenue less expensesPrior year −$27,567$31,920
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $236,745 across 5 lines filed
VIII-1c Fundraising events$36,161
VIII-1f All other contributions, gifts and grants$194,877
VIII-1h Total contributions, gifts and grants$231,038
VIII-8 Net income from fundraising eventsExcluded from tax $5,707$5,707
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,707$236,745
Part IX · Statement of functional expenses $204,825 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $154,873$154,873
IX-3 Grants and assistance to foreign recipientsPrograms $32,957$32,957
IX-11b Legal feesManagement $1,110$1,110
IX-11c Accounting feesManagement $1,800$1,800
IX-24 Other expenses (24a–d)Programs $10,462 · Management $3,623$14,085
IX-25 Total functional expensesPrograms $198,292 · Management $6,533 · Fundraising $0$204,825
Part X · Balance sheet $276,040 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $244,120$276,040
X-16 Total assetsStart of year $244,120$276,040
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $244,120$276,040
X-33 Total liabilities and net assetsStart of year $244,120$276,040
Part XI · Reconciliation of net assets $276,040 net assets at year end
XI-1 Total revenue$236,745
XI-2 Total expenses$204,825
XI-3 Revenue less expenses$31,920
XI-4 Net assets at start of year$244,120
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$276,040

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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