Ace Awareness Foundation FY2020 filing

Memphis, TNUnknown exempt organizationEIN 47-3666633Revenue $246K in FY2020

On file with the IRSaceawareness.org1350 Concourse Ave 383 · Memphis, TN

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To inform the community about the role of emotional trauma in mental, physical and behavioral health and seek innovative, replicative models that provides preventable and sustainable solutions to reducing toxic stress in family systems.

83¢ of each $1 spent went to programs.
$162K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $892K a year · 535% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$162K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$217K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$246K
Spent
$1.6M
To programs
83%
Net assets
$550K
By yearFY2020–FY2021
Revenue
$246K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$246K
FY2021$88K
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$505K
Net assets
$550K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$550K
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.3M Management & general 17% · $276K

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

8 people listed on the 990; $162K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$161,557Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Renee Wilson-Simmons$106,863$161,557

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.

See Ace Awareness Foundation 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

Educates communities on trauma's health impact, seeking sustainable solutions to reduce family stress.

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Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2020
01

Universal Parenting Places

The foundation works with partner organizations to provide judgment-free zones where parents can receive professional counseling, information and emotional support for family-related issues or concerns, no matter how small.

$835Kprogram expense
02

Statewide Initiative

The foundation partners with organizations, leaders, and service providers across the state in an effort to transform the community by helping parents and caregivers limit or prevent a child's chronic exposure to trauma.

$334Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$5
Grants paid · 7 grants · $632K · 2020–2021
Knowledge Quest INCTN · FY2021$65,027
Baptist Memorial HospitalTN · FY2020$123,689
Knowledge Quest INCTN · FY2020$93,958

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$246K
Ln 12
Gifts and grantsLn 1h$243K
Investment incomeLn 3$3K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$276K
Owns and owesPt X
$550K
net assets · Ln 32
Cash and savingsLn 1–2$703K
Total assetsLn 16$766K
LiabilitiesLn 26$217K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$243K
Government grantsLn 1e$150K
Investment incomeLn 3$3K
Total revenueLn 12$246K
Assets in detailPt X, end of year
CashLn 1$703K
Cash and savings togetherLn 1–2$703K
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$8K
Total assetsLn 16$766K
LiabilitiesLn 26$217K
Net assetsLn 32$550K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$703K
Land, buildings, equipmentLn 10c$34K$26K
Total assetsLn 16$2.1M$766K
LiabilitiesLn 26$206K$217K
Net assetsLn 32$1.9M$550K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$519K$519K
Pay of current officers, directors and key staffLn 5$162K$107K$55K
Other salaries and wagesLn 7$364K$243K$121K
Other fees for servicesLn 11g$410K$337K$73K
Advertising and promotionLn 12$15K$10K$5K
Office expensesLn 13$65K$61K$4K
OccupancyLn 16$65K$49K$16K
Depreciation, depletion and amortizationLn 22$9K$7K$2K
Other expenses (24a–d)Ln 24$4K$4K$438
Total functional expensesLn 25$1.6M$1.3M$276K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $88K$505K−$418K$0 990 PDF
FY2020 Viewing $246K$1.6M−$1.4M$550K 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 (6 parts)
Part I · Summary $245,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,943,599$242,904
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,866$2,697
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,948,465$245,601
I-13 Grants and similar amounts paidPrior year $557,967$518,967
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $531,822$525,513
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $675,798$567,936
I-18 Total expensesPrior year $1,765,587$1,612,416
I-19 Revenue less expensesPrior year $182,878−$1,366,815
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $245,601 across 5 lines filed
VIII-1e Government grants$150,000
VIII-1f All other contributions, gifts and grants$92,904
VIII-1h Total contributions, gifts and grants$242,904
VIII-3 Investment incomeExcluded from tax $2,697$2,697
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,697$245,601
Part IX · Statement of functional expenses $1,612,416 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $518,967$518,967
IX-5 Pay of current officers, directors and key staffPrograms $106,628 · Management $54,929$161,557
IX-7 Other salaries and wagesPrograms $242,522 · Management $121,434$363,956
IX-11g Other fees for servicesPrograms $337,448 · Management $72,828$410,276
IX-12 Advertising and promotionPrograms $10,000 · Management $4,556$14,556
IX-13 Office expensesPrograms $61,169 · Management $3,756$64,925
IX-16 OccupancyPrograms $48,654 · Management $16,218$64,872
IX-22 Depreciation, depletion and amortizationPrograms $6,945 · Management $2,315$9,260
IX-24 Other expenses (24a–d)Programs $3,609 · Management $438$4,047
IX-25 Total functional expensesPrograms $1,335,942 · Management $276,474 · Fundraising $0$1,612,416
Part X · Balance sheet $766,491 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,322,724$702,587
X-10c Land, buildings and equipment, netStart of year $34,137$25,777
X-14 Intangible assetsStart of year $15,600$29,640
X-15 Other assetsStart of year $0$8,487
X-16 Total assetsStart of year $2,122,461$766,491
X-17 Accounts payable and accrued expensesStart of year $83,644$134,703
X-25 Other liabilitiesStart of year $0$81,982
X-26 Total liabilitiesStart of year $205,840$216,685
X-27 Net assets without donor restrictionsStart of year $1,476,621$508,896
X-28 Net assets with donor restrictionsStart of year $440,000$40,910
X-32 Total net assets or fund balancesStart of year $1,916,621$549,806
X-33 Total liabilities and net assetsStart of year $2,122,461$766,491
Part XI · Reconciliation of net assets $549,806 net assets at year end
XI-1 Total revenue$245,601
XI-2 Total expenses$1,612,416
XI-3 Revenue less expenses−$1,366,815
XI-4 Net assets at start of year$1,916,621
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$549,806

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

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