Overview
What is Ace Academy?
Ace Academy, located at 7807 Caldwell Road, Harrisburg, NC 28075, is a public, tuition-free K-8 charter school committed to preparing students for success in higher education and beyond. This nonprofit institution's mission is to foster academic excellence, cultivate a resilient mindset, and instill an entrepreneurial spirit in students from diverse backgrounds, ensuring they excel in their chosen college and career paths. With a dedicated workforce of 89 individuals, Ace Academy aims to equip its students with the necessary skills and mindset to thrive in their future endeavors.
Official website here: www.aceacademycharter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Stars
Ace Academy has received a Two-Star rating from Charity Navigator, indicating some challenges in its overall accountability and financial management. The organization boasts a fully independent board and strong audit practices, which reflects positively on its governance structure. However, the absence of a whistleblower and document retention policy raises concerns about transparency and risk management.
Financially, Ace Academy has a program expense ratio of approximately 63.87%, suggesting that a majority of its expenditures are directed towards its programs. Despite this, a concerning liabilities to assets ratio of 89.60% indicates potential financial instability. The lack of publicly available tax forms on its website further detracts from its accountability.
While Ace Academy demonstrates several strengths in governance and program focus, its overall financial health and transparency issues warrant attention. Improvements in policy documentation and financial reporting could enhance its rating and foster greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ace Academy?
70% of the 10 reviewers on Facebook recommend Ace Academy. Here’s a brief overview of their comments:
The sentiments expressed highlight a positive atmosphere surrounding the program, with users appreciating the efforts of the staff, specifically mentioning individuals by name. The enthusiastic write-up from a user congratulating the team suggests that there are individuals who have had a notably positive experience, reinforcing the notion that Ace Academy strives to offer valuable services.
However, with only a small number of reviews, the overall recommendation rate indicates a mix of opinions, suggesting that there is room for improvement in certain areas. Nonetheless, those that have shown support clearly value the commitment and performance of the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Ace Academy legitimate?
Ace Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Academy 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: $126,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,148,067
For more financial information, click here
Official website here: www.aceacademycharter.org
What is the mission statement of Ace Academy?
Ace Academy's mission is to equip students from diverse backgrounds, fostering their success in their chosen college and career paths. This is achieved by promoting academic excellence, cultivating a strong mindset, and instilling an entrepreneurial spirit within them. The academy's primary goal is to prepare students for high school and beyond, ensuring they are well-equipped to face future challenges.
Official website here: www.aceacademycharter.org
Who is the CEO of Ace Academy?
Laila Minott is the Executive Di of Ace Academy.
Official website here: www.aceacademycharter.org
What is the revenue of Ace Academy?
Ace Academy's revenue in 2022 was $5,341,670.
Official website here: www.aceacademycharter.org
Who are the executives of Ace Academy and what are their salaries?
The average compensation at Ace Academy during 2022 was $25,562. There are 89 employees at Ace Academy.
Here are 7 key members and their salaries:
- Compensation: $126,924
- Related: $0
- Other: $0
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- Other: $0
Official website here: www.aceacademycharter.org
Where can I find the form 990 for Ace Academy?
Ace Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aceacademycharter.org
Learn more at the official website: www.aceacademycharter.org
Mission Statement of Ace Academy
Ace Academy, a public and tuition-free K-8 charter school, is committed to empowering students from diverse backgrounds to excel in their chosen college and career paths. The institution strives to achieve this objective by fostering academic excellence, cultivating a robust mindset, and instilling an entrepreneurial spirit within its students. By focusing on these key areas, Ace Academy aims to equip its students with the necessary tools to succeed beyond high school.
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Impact
October, 2024
Ace Academy significantly impacts students by fostering academic excellence and promoting a growth-oriented mindset. Located in Harrisburg, NC, the school serves a diverse student population, ensuring that all children, regardless of their backgrounds, have access to a high-quality education. The curriculum is designed not only to prepare students for high school but also to equip them with the skills necessary for college and future careers.
By instilling a strong entrepreneurial mindset, Ace Academy encourages students to think critically and creatively, preparing them for the challenges of the modern workforce. The focus on developing a resilient mindset further empowers students to overcome obstacles and pursue their goals with determination. This holistic approach to education supports the overall personal and academic growth of students, paving the way for their future success and contributing positively to the broader community.
This information is meant to be a general summary of Ace Academy. 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.
- Investment Income: $393
- Program Service Revenue: $6,623
- Gross Receipts: $5,946,294
Assets and Liabilities:
- Total Assets: $20,004,076
- Total Liabilities: $19,228,533
- Net Assets: $775,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITIES AND FEES
Revenue
$4,263
FOOD SERVICE AND SCHOOL CARE
Revenue
$2,360
Organization Details
Founding Year
2012
Phone
(704) 456-7153Principal Officer
Laila Minott
Main Address
7807 CALDWELL ROAD, HARRISBURG, NC, 28075
Website
www.aceacademycharter.orgNTEE Category
Code: B29 - Education
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