Overview
What is Ace Scholarship Foundation Of New York?
Ace Scholarship Foundation of New York is a nonprofit organization situated in New York City, specifically at 1325 Avenue of the Americas, with a postal code of 10019. Their primary mission is to manage and distribute scholarships funded by ACE-NY, which are intended for high school students who aspire to pursue higher education and careers in the fields of architecture, construction, or engineering. The foundation adheres to the scholarship eligibility requirements established by ACE-NY's scholarship program. Their primary activity is dedicated to fulfilling this mission, ensuring that eligible students receive the financial support they need to pursue their educational goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Ace Scholarship Foundation of New York has received an overall score of 80%, which translates to a Three-Star rating. This score reflects the organization's strong performance in the Accountability & Finance category, where it scored 80%. The rating is derived solely from the Accountability & Finance beacon, highlighting the foundation's efforts in maintaining financial integrity and transparency.
Key strengths of the Ace Scholarship Foundation include a fully independent board with 13 members, and a comprehensive conflict of interest policy. Additionally, the organization has demonstrated excellent financial management, with a program expense ratio of 99.91%, indicating that nearly all of its expenses are directed toward its programs rather than administrative costs. The foundation has also maintained a perfect liabilities to assets ratio of 0.00%, showcasing its financial stability.
While the foundation scores well in accountability and finance, there are no additional ratings or metrics available that assess other areas such as impact or community engagement. This limitation suggests that while the financial health of the organization is strong, further information on its effectiveness in fulfilling its mission would be beneficial for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Ace Scholarship Foundation Of New York legitimate?
Ace Scholarship Foundation Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Scholarship Foundation Of New York 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.
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What is the mission statement of Ace Scholarship Foundation Of New York?
The Ace Scholarship Foundation of New York's mission is centered around administering and distributing scholarships. These scholarships are funded and awarded through the Ace-NY Scholarship Program to high school students who intend to pursue their studies and careers in the fields of architecture, construction, or engineering. The organization adheres to the eligibility requirements set by the Ace-NY Scholarship Program. Its primary objective is to support these promising individuals in their academic pursuits and future careers in these fields. The foundation serves as a bridge between potential scholars and the financial aid they require, contributing to the development of the architectural, construction, and engineering sectors.
Who is the CEO of Ace Scholarship Foundation Of New York?
Stephen J Mannhaupt is the Chairperson of Ace Scholarship Foundation Of New York.
What is the revenue of Ace Scholarship Foundation Of New York?
Ace Scholarship Foundation Of New York's revenue in 2021 was $110,324.
Who are the executives of Ace Scholarship Foundation Of New York and what are their salaries?
There 13 volunteers at Ace Scholarship Foundation Of New York.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Ace Scholarship Foundation Of New York?
Ace Scholarship Foundation Of New York's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ace Scholarship Foundation Of New York
The Ace Scholarship Foundation of New York is dedicated to fulfilling its mission of administering and distributing scholarships awarded through the ACE-NY Scholarship Program. This esteemed organization aims to support high school students who are passionate about pursuing their studies in the fields of architecture, construction, or engineering. To be eligible for these scholarships, candidates must meet the specific criteria set by the ACE-NY Scholarship Program. By providing these scholarships, the Ace Scholarship Foundation of New York is investing in the futures of these talented individuals, helping them to further their education and eventually build successful careers in their chosen fields.
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Impact
October, 2024
Ace Scholarship Foundation of New York actively shapes the future of aspiring students by administering and distributing scholarships aimed at those eager to pursue careers in architecture, construction, or engineering. By facilitating access to financial support, the foundation helps high school students overcome barriers to higher education, enabling them to transform their career aspirations into reality.
The impact of these scholarships extends beyond individual students; it contributes to the growth of skilled professionals in critical fields that help build and sustain communities. The foundation plays a vital role in creating a pipeline of talent equipped with the necessary skills and knowledge to thrive in sectors essential to the economy and societal development. Through its efforts, Ace Scholarship Foundation of New York not only invests in the potential of young minds but also invests in the future of urban development and infrastructure.
This information is meant to be a general summary of Ace Scholarship Foundation Of New York. 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 2021.
- Investment Income: $5,324
- Gross Receipts: $148,298
Assets and Liabilities:
- Total Assets: $167,206
- Total Liabilities: $0
- Net Assets: $167,206
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Organization Details
Founding Year
2014
Phone
(646) 757-5829Principal Officer
Stephen J Mannhaupt
Main Address
1325 AVENUE OF THE AMERICAS 2755, NEW YORK, NY, 10019
NTEE Category
Code: B82 - Education
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