Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
11 people listed on the 990.
Daniel C Oliver’s $13K as COO is at the 1st percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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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
Empowers Asian American and Pacific Islander small businesses through education, training, and events focused on financial capacity, government contracting, and economic development.
Questions for Ace Foundation
Your first name shows with your question. Ace Foundation answers here, for everyone.
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Nextgen
Ace foundation educates the next generation of leaders and entrepreneurs in the aapi community. Inner circles is a national program where young entrepreneurs can discuss and problem-solve the toughest challenges they face. Peers share professional and personal experiences that can help others learn, grow, or receive support.
Education
Ace foundation works to educate asian american and pacific islander business communities on issues that will directly improve their economic, political, and social well-being. Ace foundation hosts events aimed to help educate the minority business community.
Economic Development
Ace foundation educates local and regional aapi chambers of commerce, mou partners, and other stakeholders across the country to provide innovative business solutions through quality programs and services.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $573K | $616K |
| Total assetsLn 16 | $600K | $658K |
| LiabilitiesLn 26 | $0 | $31K |
| Net assetsLn 32 | $600K | $627K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $180K | $144K | $27K | $9K |
| Accounting feesLn 11c | $125 | $125 | ||
| Other fees for servicesLn 11g | $180K | $180K | ||
| InsuranceLn 23 | $163 | $163 | ||
| Total functional expensesLn 25 | $360K | $324K | $27K | $9K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.1M | $1.9M | $167K | $3.2M | 990 PDF |
| FY2024 | $3.2M | $2.3M | $906K | $3.0M | 990 PDF |
| FY2023 | $2.6M | $2.2M | $332K | $2.1M | 990 PDF |
| FY2022 | $4.1M | $4.4M | −$253K | $1.8M | 990 PDF |
| FY2021 | $4.9M | $3.5M | $1.4M | $2.0M | 990 PDF |
| FY2020 Viewing | $387K | $360K | $27K | $627K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $387,420 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 3 to look at
Part VIII · Statement of revenue $387,420 across 5 lines filed
Part IX · Statement of functional expenses $360,288 across 4 lines filed
Part X · Balance sheet $657,732 assets, 12 lines filed
Part XI · Reconciliation of net assets $626,827 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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