Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
12 people listed on the 990; $159K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Amanda Liles | $93,097 | $84,447 | $73,317 | — | — |
| Kerriesha Adams | — | $91,538 | $79,144 | $68,101 | $70,409 |
| Anna Shults | — | — | — | $88,601 | $88,904 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Educates young students through academics and character development for school success and future opportunities.
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Ace prep successfully applied for, and was granted, a full five-year charter renewal. This allows us to continue to operate as a k-5 school through the 2026-27 school year.
The realities of COVID-19 hit our small school hard and for the 2020-21 school year we only had 47 days of in person instruction. As a school community, we had to learn how to rally around online platforms and support scholars and families in ways never before known.
The 2020-21 school year was the first as a k-5 school and thus, the first year to fully actualize our mission. We opened in 2016-17 with only grades k-1 and have operated with a slow growth model every year since.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $15K | $138K |
| Land, buildings, equipmentLn 10c | $193K | $130K |
| Total assetsLn 16 | $251K | $389K |
| LiabilitiesLn 26 | $216K | $297K |
| Net assetsLn 32 | $35K | $92K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $254K | $212K | $42K | |
| Other salaries and wagesLn 7 | $677K | $599K | $78K | |
| Pension plan contributionsLn 8 | $6K | $49 | $6K | |
| Other employee benefitsLn 9 | $29K | $244 | $28K | |
| Payroll taxesLn 10 | $74K | $60K | $14K | |
| Legal feesLn 11b | $275 | $275 | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $110K | $27K | $83K | |
| Advertising and promotionLn 12 | $6K | $6K | ||
| Office expensesLn 13 | $34K | $29K | $4K | |
| Information technologyLn 14 | $25K | $25K | ||
| OccupancyLn 16 | $251K | $251K | ||
| InterestLn 20 | $21K | $21K | ||
| Depreciation, depletion and amortizationLn 22 | $81K | $81K | ||
| InsuranceLn 23 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $51K | $46K | $5K | |
| All other expensesLn 24e | $19K | $19K | ||
| Total functional expensesLn 25 | $1.7M | $1.3M | $323K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $1.7M | $2.1M | −$395K | $45K | 990 PDF |
| FY2023 | $2.3M | $2.4M | −$32K | $440K | 990 PDF |
| FY2022 | $2.6M | $2.2M | $380K | $472K | 990 PDF |
| FY2021 Viewing | $1.7M | $1.7M | $57K | $92K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,711,066 across 6 lines filed
Part IX · Statement of functional expenses $1,653,746 across 17 lines filed
Part X · Balance sheet $389,202 assets, 13 lines filed
Part XI · Reconciliation of net assets $92,229 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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