Ace Academy FY2021 filing

Tax-deductible

Seattle, WA501(c)(3)EducationEIN 81-2983424

ACE is built on the premise of serving men from historically under-served populations. Specifically targeting African American, African Diaspora,Latino/Hispanic, Pacific Islander, and Native American males. At ACE, young men will learn compassion and understanding, a strong educational and cultural foundation, the value of perseverance and determination, and how to use their individual talents for the greater good in their community. Young men of ACE will be able to answer the existential question of "Who Am I?" with a resounding answer of, "I AM EXELLENCE!".

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$245K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $79K a year · 7% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$245K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $96K
Looks good: 4 funders name it on their filings; 3 or more.
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
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+101% vs prior year
Spent
$1.2M
To programs
63%
Net assets
$65K
By yearFY2020–FY2024
Revenue
$1.1M
FY2021▲ +101%
Revenue by fiscal year
FY2020$564K
FY2021$1.1M
FY2022$1.4M
FY2023$1.3M
FY2024$1.1M
Expenses
$1.2M
FY2021▲ +97%
Expenses by fiscal year
FY2020$601K
FY2021$1.2M
FY2022$1.5M
FY2023$1.4M
FY2024$1.3M
Net assets
$65K
FY2021▲ +637%
Net assets by fiscal year
FY2020$9K
FY2021$65K
FY2022$162K
FY2023$143K
FY2024−$141K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAce Academy
EINHdr · item D81-2983424
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSeattle, WA
NTEE classificationIRS BMFEducation (B90)
WebsiteHdr · item Jaceacademywa.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.29 Fundraising $0.08
Program services63%$749K
Management & general29%$338K
Fundraising8%$97K
Total functional expensesLn 25$1.2M

Finances

Money in and out, what it owns and owes

Program efficiency
63%
of spending reaches programs
Months of spending covered by cash
0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$65K
FY2021▲ +78%
Total assets by fiscal year
FY2020$36K
FY2021$65K
FY2022$199K
FY2023$177K
FY2024$18K
Total liabilities
$0
FY2021▼ -100%
Total liabilities by fiscal year
FY2020$28K
FY2021$0
FY2022$37K
FY2023$34K
FY2024$159K
Revenue less expensesPt I · Ln 19−$53K
Total assetsPt X · Ln 16$65K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$65K
Total liabilitiesLn 26$0
Total net assetsLn 32$65K
Months of cash on handcomputed0.1

Statement of Revenue

Part VIII
Contributions & grants100%$1.1M
Total revenueLn 12$1.1M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $7K · Operating expenses/yr $1.2M
0.1 months
Where the money goes
Program services
Program services $749K · Total expenses $1.2M
63%
Management & General
Management & general $338K · Total expenses $1.2M
29%
Fundraising
Fundraising $97K · Total expenses $1.2M
8%
Cost to raise $1
Fundraising expense (2-yr avg) $73K · Solicited contributions (2-yr avg) $699K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
100%
Government reliance
Government grants — · Total revenue $1.1M
—
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $564K
+101%
Net-asset trend (YoY)
End of year $65K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.2M
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $65K
—
Net-asset ratio
Net assets $65K · Total assets $65K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $65K
0%
People & payroll
Highest Reported Total Compensation
Individual Clarence Dancer · Reported title COO · Highest reported compensation $82K · Total expenses $1.2M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $876K · Total expenses $1.2M
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%——
Overhead ratio 29%——
Fundraising cost ratio 9%——
Revenue growth 101%——
Investment management fee ratio 0%——
Legal fee ratio <0.01%——
Accounting fee ratio 0.08%——
Fundraising fee ratio 0.3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$81,536Pt VII · Sec A
President
$81,536Pt VII · Sec A
Vice President
$81,536Pt VII · Sec A

Clarence Dancer’s $111K as COO is at the 40th 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

NameFY2024FY2022FY2021FY2020
Clarence Dancer$111,427$92,083$81,536$19,125
Willie Seals$111,427$103,958$81,536$72,000
Marcus Harden—$48,333$81,536$26,125

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 Academy executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers young men from under-served communities to build character and achieve excellence.

Provided by the organization

This section is blank until Ace Academy claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $749K of program spending, described in the organization's own filed words · FY2021.
01

Saturday Academy- ACE Academy partners with schools and school districts to provide African American high school young men with social and emotional learning, health and wellness habits, STEM content knowledge, college and career planning, individualized goal setting and planning, and collaboration and networking with adult male leaders…

$436Kprogram expense
02

Summer Learning Experience (SLE)- ACE Academy Summer Learning Experience is a 3-year grant awarded program collaborating with the SPS and the City of Seattles Department of Education and Early Learning. The summer program has supported Southshore K-8 students transitioning from 7th to the 8th grade.

$157Kprogram expense
03

FAME GAME AND IN SCHOOL PROGRAMMING- Provides purpose to young men of color with tools, resources and knowledge towards becoming viable world citizens. We cover topics that impact them and our community such as police brutality, gun violence and economic mobility.

$156Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Law Rocks INCFY2024$12K
Total grants receivedfrom 4 funders$96K
See all 4 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $1.1M$1.3M-22% 990 PDF
FY2023 $1.3M$1.4M-5% 990 PDF
FY2022 $1.4M$1.5M+26% 990 PDF
FY2021 Viewing $1.1M$1.2M+101% 990 PDF
FY2020 $564K$601K 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $1,132,061 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,132,061
VIII-1h Total contributions, gifts and grants$1,132,061
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$1,132,061
Part IX · Statement of functional expenses $1,184,633 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 staffManagement $244,608$244,608
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $436,517 · Management $54,565 · Fundraising $54,564$545,646
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $68,954 · Management $8,619 · Fundraising $8,619$86,192
IX-11a Management feesPrograms $3,548 · Management $444 · Fundraising $443$4,435
IX-11b Legal feesPrograms $32 · Management $4 · Fundraising $4$40
IX-11c Accounting feesPrograms $730 · Management $92 · Fundraising $91$913
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $3,705$3,705
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $3,200 · Management $401 · Fundraising $399$4,000
IX-12 Advertising and promotionPrograms $3,290 · Management $412 · Fundraising $411$4,113
IX-13 Office expensesPrograms $42,155 · Management $5,270 · Fundraising $5,269$52,694
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,169 · Management $2,146 · Fundraising $2,146$21,461
IX-17 TravelPrograms $15,958 · Management $1,995 · Fundraising $1,995$19,948
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $18,798 · Management $2,350 · Fundraising $2,350$23,498
IX-24 Other expenses (24a–d)Programs $96,493 · Management $12,063 · Fundraising $12,060$120,616
IX-24e All other expensesPrograms $42,212 · Management $5,276 · Fundraising $5,276$52,764
IX-25 Total functional expensesPrograms $749,056 · Management $338,245 · Fundraising $97,332$1,184,633
Part X · Balance sheet $64,868 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $36,414$6,695
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $81,026$58,173
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $117,440$64,868
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $117,440$64,868
X-32 Total net assets or fund balancesStart of year $117,440$64,868
X-33 Total liabilities and net assetsStart of year $117,440$64,868
Part XI · Reconciliation of net assets $64,868 net assets at year end
XI-1 Total revenue$1,132,061
XI-2 Total expenses$1,184,633
XI-3 Revenue less expenses−$52,572
XI-4 Net assets at start of year$117,440
XI-10 Net assets at end of year$64,868

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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