Austin Gifted DBA Ace Academy

Tax-deductible

Austin, TX501(c)(3)Since 2005EducationEIN 74-2913554Revenue $1.5M in FY2025

On file with the IRSaustingifted.org5206 Balcones Dr, 78731-5415 · Austin, TXTax-exempt since Aug 2000Publicly supported charity — 170(b)(1)(A)(vi)

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ACE Academy provides personalized education for gifted learners within a nurturing community.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 12 volunteers and 30 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 deficit $83K 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 9% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $36K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-0.2% vs prior year
Spent
$2.1M
To programs
78%
Net assets
$137K
By yearFY2020–FY2025
Revenue
$1.5M
FY2025-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$2.0M
FY2022$1.3M
FY2023$1.8M
FY2024$1.5M
FY2025$1.5M
Expenses
$2.1M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$1.6M
FY2022$1.7M
FY2023$1.6M
FY2024$1.8M
FY2025$2.1M
Net assets
$137K
FY2025▼ -82%
Tap a bar for its year
Net assets by fiscal year
FY2020$639K
FY2021$1.1M
FY2022$721K
FY2023$1.1M
FY2024$742K
FY2025$137K

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2000.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.7M Management & general 20% · $417K Fundraising 2% · $46K

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

9 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$115,559Pt VII · Sec A
Director
$81,140Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Desiree Kimball’s $116K as Executive Dir. is at the 42nd percentile of top reported officer pay among 3395 $1–10M education 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Desiree Kimball$115,559$109,453$95,824$90,036$79,015—
Tabitha Molett———$52,927$94,761$92,855
Maria Selke$81,140—————

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 gifted students in a private, independent school setting.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

Austin Gifted served roughly 60 gifted students from Kinder-8th grade from the Austin area. We provided exceptional academic and social emotional education an support.

$1.7Mprogram 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 2 funders$36K
Grants paid · 9 grants · $302K · 2019–2024
Unitemized GrantFY2024$87,425
Unitemized GrantFY2024$1,025
Unitemized GrantFY2023$52,250
Unitemized GrantFY2023$6,000
Unitemized GrantFY2023$4,750
Unitemized GrantFY2022$37,600
Unitemized GrantFY2021$19,500
Unitemized GrantFY2020$40,950
Unitemized GrantFY2019$52,500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$110K
Other incomeLn 4–11$12K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.7M
Managementcol C$417K
Fundraisingcol D$46K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$548K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Fundraising eventsLn 1c$663
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$3K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$6K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$548K
SavingsLn 2$0
Cash and savings togetherLn 1–2$548K
InvestmentsLn 11–13$452K
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$1
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.6M
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 530
VolunteersI 612
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$458K$548K
InvestmentsLn 11–13$816K$452K
Land, buildings, equipmentLn 10c$40K$30K
Total assetsLn 16$2.0M$1.8M
LiabilitiesLn 26$1.3M$1.6M
Net assetsLn 32$742K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$88K$88K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$201K$185K$10K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.1M$1.0M$55K$33K
Pension plan contributionsLn 8$8K$8K
Other employee benefitsLn 9$40K$37K$2K$1K
Payroll taxesLn 10$105K$96K$5K$3K
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$53K$2K$50K$79
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$56K$56K
Information technologyLn 14$17K$16K$857$514
RoyaltiesLn 15$0
OccupancyLn 16$405K$202K$202K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$10K$9K$500$300
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$34K$22K$12K$373
All other expensesLn 24e$4K$873$3K
Total functional expensesLn 25$2.1M$1.7M$417K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$2.1M−$623K$137K 990 PDF
FY2024 $1.5M$1.8M−$334K$742K 990 PDF
FY2023 $1.8M$1.6M$215K$1.1M 990 PDF
FY2022 $1.3M$1.7M−$356K$721K 990 PDF
FY2021 $2.0M$1.6M$401K$1.1M 990 PDF
FY2020 $2.3M$2.1M$198K$639K 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 FY2025 990 (6 parts)
Part I · Summary $1,507,562 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $138,210$109,762
I-9 Program service revenuePrior year $1,286,242$1,383,501
I-10 Investment incomePrior year $86,006$2,621
I-11 Other revenue$11,678
I-12 Total revenuePrior year $1,510,458$1,507,562
I-13 Grants and similar amounts paidPrior year $63,000$88,450
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,403,378$1,444,929
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $378,404$597,288
I-18 Total expensesPrior year $1,844,782$2,130,667
I-19 Revenue less expensesPrior year −$334,324−$623,105
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,507,562 across 11 lines filed
VIII-1c Fundraising events$663
VIII-1f All other contributions, gifts and grants$109,099
VIII-1h Total contributions, gifts and grants$109,762
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,383,501$1,383,501
VIII-3 Investment incomeExcluded from tax $8,929$8,929
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$6,308−$6,308
VIII-8 Net income from fundraising events$2,338
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,340$9,340
VIII-12 Total revenueRelated to mission $1,392,841 · Excluded from tax $2,621$1,507,562
Part IX · Statement of functional expenses $2,130,667 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $88,450$88,450
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $185,055 · Management $10,056 · Fundraising $6,037$201,148
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,003,924 · Management $54,561 · Fundraising $32,737$1,091,222
IX-8 Pension plan contributionsManagement $7,607$7,607
IX-9 Other employee benefitsPrograms $36,858 · Management $2,003 · Fundraising $1,202$40,063
IX-10 Payroll taxesPrograms $96,497 · Management $5,244 · Fundraising $3,148$104,889
IX-11a Management fees$0
IX-11b Legal feesManagement $1,431$1,431
IX-11c Accounting feesManagement $1,001$1,001
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,415 · Management $50,135 · Fundraising $79$52,629
IX-12 Advertising and promotionPrograms $3,399$3,399
IX-13 Office expensesManagement $55,790$55,790
IX-14 Information technologyPrograms $15,753 · Management $857 · Fundraising $514$17,124
IX-15 Royalties$0
IX-16 OccupancyPrograms $202,485 · Management $202,485$404,970
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $1,848$1,848
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,200 · Management $500 · Fundraising $300$10,000
IX-23 InsuranceManagement $11,014$11,014
IX-24 Other expenses (24a–d)Programs $22,047 · Management $11,747 · Fundraising $373$34,167
IX-24e All other expensesPrograms $873 · Management $3,042$3,915
IX-25 Total functional expensesPrograms $1,666,956 · Management $417,473 · Fundraising $46,238$2,130,667
Part X · Balance sheet $1,775,420 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $457,528$548,187
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $702,582$735,662
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $26,506$10,278
X-10c Land, buildings and equipment, netStart of year $39,595$29,595
X-11 Publicly traded securitiesStart of year $816,048$451,697
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$1
X-16 Total assetsStart of year $2,042,259$1,775,420
X-17 Accounts payable and accrued expensesStart of year $28,271$2,191
X-19 Deferred revenueStart of year $1,272,303$1,618,440
X-25 Other liabilities$17,893
X-26 Total liabilitiesStart of year $1,300,574$1,638,524
X-27 Net assets without donor restrictionsStart of year $721,853$136,896
X-32 Total net assets or fund balancesStart of year $741,685$136,896
X-33 Total liabilities and net assetsStart of year $2,042,259$1,775,420
Part XI · Reconciliation of net assets $136,896 net assets at year end
XI-1 Total revenue$1,507,562
XI-2 Total expenses$2,130,667
XI-3 Revenue less expenses−$623,105
XI-4 Net assets at start of year$741,685
XI-5 Net unrealized gains (losses) on investments$18,316
XI-10 Net assets at end of year$136,896

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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