Overview
What is Ace Foundation Inc?
Ace Foundation Inc, based in Miami, Florida, is a nonprofit organization dedicated to enhancing educational opportunities for charter school students. Their mission is to provide financial and community-based resources to supplement charter school programs and initiatives, aiming to improve the public education system and boost student achievement. The foundation achieves this goal through various initiatives, such as teacher and school grants, scholarships, and recognition events for educational excellence. To raise funds for these initiatives, Ace Foundation Inc conducts annual events, including art auctions and recognition ceremonies, and sponsors not-for-profit educational entities in the community. With around 2 employees, the foundation's activities contribute to the betterment of charter schools and the educational system as a whole.
Official website here: www.theacefoundation.org/
What are the reviews and ratings of this charity?
90% rating from Charity Navigator indicates that Ace Foundation Inc has achieved a Four-Star out of Four Star rating, reflecting a strong performance in accountability and finance. The organization excels in maintaining an independent board and has demonstrated transparency through various policies, which contributes to a high level of trust among donors and stakeholders.
The charity's accountability and finance score of 90 is bolstered by a perfect score for independent board members and a commendable program expense ratio of 97.47%. This suggests that the majority of its funding is directed toward its programs rather than administrative costs, which is a positive indicator of its commitment to fulfilling its mission effectively.
While the organization scored exceptionally well across multiple metrics, it is important for potential supporters to consider the overall context in which the charity operates. The absence of any material asset diversion and the establishment of robust governance policies further reinforce its reliability, although prospective donors should always stay informed about ongoing developments within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ace Foundation Inc legitimate?
Ace Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,009
For more financial information, click here
Official website here: www.theacefoundation.org/
What is the mission statement of Ace Foundation Inc?
The Ace Foundation's mission is centered around enhancing educational opportunities for students in charter schools. By providing financial and community-based resources, the foundation aims to supplement charter school programs and initiatives, thereby contributing to the improvement of the public education system and boosting student achievement. The organization's purpose includes allocating resources through initiatives such as teacher and school grants, student scholarships, and recognizing educational excellence. The Ace Foundation conducts fundraising activities and sponsors annual events, like art auctions and recognition ceremonies, to support educational not-for-profit entities in the community.
Official website here: www.theacefoundation.org/
Who is the CEO of Ace Foundation Inc?
Mr Daniel Diaz is the Director, President of Ace Foundation Inc.
Official website here: www.theacefoundation.org/
What is the revenue of Ace Foundation Inc?
Ace Foundation Inc's revenue in 2022 was $2,078,496.
Official website here: www.theacefoundation.org/
Who are the executives of Ace Foundation Inc and what are their salaries?
The average compensation at Ace Foundation Inc during 2022 was $137,504. There are 2 employees and 7 volunteers at Ace Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $150,000
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- Compensation: $125,009
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Official website here: www.theacefoundation.org/
Where can I find the form 990 for Ace Foundation Inc?
Ace Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theacefoundation.org/
Learn more at the official website: www.theacefoundation.org/
Mission Statement of Ace Foundation Inc
Ace Foundation Inc, an organization dedicated to enhancing educational opportunities, was established with a mission to support charter school students by providing financial and community-based resources. Its purpose is to supplement charter school programs and initiatives, aiming to enhance the public education system and increase student achievement. The foundation allocates resources through various initiatives, such as teacher and school grants, student scholarships, and recognizing educational excellence. Additionally, Ace Foundation Inc conducts fundraising activities and sponsors annual events, like art auctions and recognition ceremonies, to raise funds for educational not-for-profit entities in the community. The foundation's mission is to improve education by empowering charter school students, ultimately contributing to a stronger educational system.
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Impact
October, 2024
Ace Foundation Inc significantly enhances educational opportunities for charter school students by providing essential financial and community-based resources. Their efforts support a variety of initiatives aimed at boosting student achievement through targeted programs like teacher and school grants, scholarships, and recognition events for educational excellence.
In 2022, the Foundation conducted numerous fundraising activities that successfully channeled resources to educators, enabling them to improve their teaching efforts and enrich the learning environment. Events such as art auctions and recognition ceremonies not only raise funds but also foster community engagement and awareness around the importance of education.
Through its commitment to supporting educational projects and events, Ace Foundation Inc plays a critical role in fortifying the public education system, making a tangible impact on the quality of education that charter school students receive in Miami and beyond. By continuing to allocate resources strategically, the Foundation contributes to a more robust educational landscape, ultimately leading to improved outcomes for students.
This information is meant to be a general summary of Ace Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,078,496
Assets and Liabilities:
- Total Assets: $1,199,813
- Total Liabilities: $0
- Net Assets: $1,199,813
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Organization Details
Founding Year
2007
Phone
(305) 669-2906Principal Officer
Mr Daniel Diaz
Main Address
6340 SUNSET DRIVE, MIAMI, FL, 33143
Website
www.theacefoundation.org/NTEE Category
Code: B12 - Education
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