Overview
What is Ace Preparatory Inc?
Ace Preparatory Inc, based in Indianapolis, Indiana, is a nonprofit organization that focuses on providing quality education to kindergarten to grade 5 students. The institution received a substantial grant of $900,000 from the Indiana Department of Education's Charter School Program to address the learning loss and social emotional needs of its students due to the COVID-19 pandemic. This grant enabled the school to hire additional instructional and support staff. Moreover, Ace Preparatory invested in a data management platform to analyze and monitor student progress on a weekly basis, ensuring academic needs and proficiency measures were met. With a staff of 32 individuals, the school is committed to rigorous academics, positive character development, and excellence in all its endeavors, aiming to foster school success and opportunities for its students.
Official website here: www.aceprepacademy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.
Ace Preparatory Inc has achieved a Three-Star rating, indicating a solid performance in accountability and finance. The organization has demonstrated strengths, particularly in its independent board governance and robust financial auditing practices. The board is composed entirely of independent members, which enhances oversight, and the absence of material asset diversion indicates sound financial management.
However, there are areas of concern that could be addressed to improve the overall rating. The organization lacks certain policies, specifically a whistleblower policy and the posting of its tax form on its website. Additionally, the liabilities to assets ratio is relatively low, which may raise questions about financial stability. Improving these aspects could enhance transparency and accountability, potentially leading to a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ace Preparatory Inc?
94% of 17 reviewers on Facebook recommend Ace Preparatory Inc. Here is a summary of their reviews:
Many individuals have expressed strong support for Ace Preparatory Inc, highlighting its significant positive impact on their families. Users have described the organization as "amazing" and a true "difference maker," indicating that it successfully fulfills its mission and meets the needs of the community it serves.
Overall, the sentiment surrounding Ace Preparatory Inc is very positive, demonstrating that the nonprofit effectively delivers on its promises and provides valuable services to those who participate.
This AI summary has been generated from reviews found on Facebook.
Is Ace Preparatory Inc legitimate?
Ace Preparatory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Preparatory 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: $191,367
Professional Fundraising Fees: $0
Other Salaries and Wages: $956,722
For more financial information, click here
Official website here: www.aceprepacademy.org
What is the mission statement of Ace Preparatory Inc?
Ace Preparatory Inc, a charter school, is committed to educating kindergarten to fifth-grade students with a focus on rigorous academics, positive character development, and excellence in all aspects. Their mission is to prepare these students for school success and opportunities in life. To address the challenges brought by the COVID-19 pandemic, they received a $900,000 grant, which enabled them to hire additional instructional and support staff to address individual learning loss and social-emotional needs. Furthermore, Ace Preparatory invested in a data management platform to analyze student work and ensure academic needs and proficiency measures were met through targeted dialogue.
Official website here: www.aceprepacademy.org
Who is the CEO of Ace Preparatory Inc?
Anna Shults is the Founder & Head Of School of Ace Preparatory Inc.
Official website here: www.aceprepacademy.org
What is the revenue of Ace Preparatory Inc?
Ace Preparatory Inc's revenue in 2022 was $2,553,518.
Official website here: www.aceprepacademy.org
Who are the executives of Ace Preparatory Inc and what are their salaries?
The average compensation at Ace Preparatory Inc during 2022 was $35,878. There are 32 employees and 7 volunteers at Ace Preparatory Inc.
Here are 12 key members and their salaries:
- Compensation: $88,601
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Official website here: www.aceprepacademy.org
Where can I find the form 990 for Ace Preparatory Inc?
Ace Preparatory Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aceprepacademy.org
Learn more at the official website: www.aceprepacademy.org
Mission Statement of Ace Preparatory Inc
Ace Preparatory Inc, a charter school, is dedicated to educating students from kindergarten to grade 5, with a focus on rigorous academics, positive character development, and excellence in all aspects of life. The school aims to prepare its students for academic success and opportunities beyond their schooling. To address the challenges posed by the COVID-19 pandemic, Ace Preparatory Inc was awarded a $900,000 grant by the Indiana Department of Education's Charter School Program. This grant enabled the school to hire additional instructional and support staff to cater to the individual learning loss and social emotional needs of its student population. Furthermore, the school invested in a data management platform, enabling it to analyze and norm student work on a weekly basis through targeted dialogues. This ensures that academic needs and proficiency measures are consistently met, thereby tailoring education to each student's needs.
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Impact
July, 2024
Ace Preparatory Inc's impact can be seen through its dedication to providing rigorous academics and positive character development to students in kindergarten through grade 5. The school's focus on excellence in everything they do is evident in their mission to educate students for school success and lives of opportunity. Through receiving a significant grant from the Indiana Department of Education, Ace Prep was able to address individual learning loss and social-emotional needs exacerbated by the COVID-19 pandemic. By investing in data management platforms and targeted dialogue, the school ensured that academic needs and proficiency measures were met on a weekly basis, showcasing their commitment to student success and well-being. Overall, Ace Preparatory Inc's impact on education is notable, making a difference in the lives of students in Indianapolis.
This information is meant to be a general summary of Ace Preparatory 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.
- Investment Income: $85
- Gross Receipts: $2,553,518
Assets and Liabilities:
- Total Assets: $4,058,391
- Total Liabilities: $3,586,152
- Net Assets: $472,239
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Organization Details
Founding Year
2015
Phone
(317) 744-9847Principal Officer
Anna Shults
Main Address
5326 HILLSIDE AVE, INDIANAPOLIS, IN, 46220
Website
www.aceprepacademy.orgNTEE Category
Code: B24 - Education
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