Overview
What is Friends Of Ace?
Friends of Ace is a nonprofit organization based in Reno, Nevada, specifically at 2800 Vassar Street, 89502. Their primary mission is to offer financial and administrative support to Ace High School, a chartered high school specializing in construction trade curriculum. Through their assistance, they were able to aid the school with a significant amount of $74,932 towards its operating expenses. The organization's purpose is to contribute to the educational growth and development of the students at Ace High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
Friends Of Ace has received a low rating of 40%, resulting in a Zero-Star out of Four Stars designation. The accountability and finance score reflects significant areas of concern, particularly in governance practices. While the organization has a fully independent board and shows no material diversion of assets, it lacks essential policies such as a whistleblower policy and document retention practices.
Strengths include having a complete independent board and sound practices concerning board meeting documentation. However, the program expense ratio indicates that only a modest portion of its expenses is directed toward programs, which may raise questions about the organization’s overall effectiveness and financial health.
Overall, while Friends Of Ace demonstrates some strong governance traits, the lack of critical policies and low program spending ratio suggest that potential donors should approach with caution and consider these limitations in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Ace legitimate?
Friends Of Ace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Ace 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: $0
For more financial information, click here
What is the mission statement of Friends Of Ace?
Friends of Ace, an organization dedicated to lending aid, focuses on providing financial and administrative support to Ace High School. This chartered high school offers a unique curriculum centered around construction trades. The primary mission of Friends of Ace is to assist Ace High School in meeting its operational expenses, thereby enabling the school to continue its educational programs in the construction trade field. The organization's contributions, such as the $74,932 they provided in operating expenses, play a crucial role in supporting Ace High School's mission.
Who is the CEO of Friends Of Ace?
Margaret Cavin is the Director of Friends Of Ace.
What is the revenue of Friends Of Ace?
Friends Of Ace's revenue in 2023 was $88,796.
Who are the executives of Friends Of Ace and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of Ace?
Friends Of Ace's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of Ace
Friends of Ace, as a nonprofit organization, is committed to providing financial and administrative assistance to Ace High School, a chartered high school offering a construction trade curriculum. This support aims to help the school meet its operational expenses, thereby enabling it to continue providing quality education in the construction trade field. By assisting Ace High School, Friends of Ace plays a significant role in nurturing the next generation of skilled construction workers, contributing to the development of a skilled workforce in the construction industry.
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Impact
October, 2024
Friends Of Ace has made a significant impact on the educational landscape of Reno, NV, particularly through its support for ACE High School. By providing $74,932 in financial and administrative assistance, Friends Of Ace has directly contributed to the school’s operational stability, enabling it to focus on delivering a robust construction trade curriculum. This support not only enhances the quality of education for students but also fosters a skilled workforce that meets the needs of the local construction industry. The organization's efforts are pivotal in ensuring that students receive the necessary resources and opportunities to thrive academically and professionally.
This information is meant to be a general summary of Friends Of Ace. 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 2023.
- Gross Receipts: $88,796
Assets and Liabilities:
- Total Assets: $965,496
- Total Liabilities: $0
- Net Assets: $965,496
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Organization Details
Founding Year
2003
Principal Officer
Margaret Cavin
Main Address
2800 VASSAR STREET, RENO, NV, 89502
NTEE Category
Code: B11 - Education
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