Overview
What is Ace Mentor Program Of America Inc?
Ace Mentor Program of America Inc. is a not-for-profit organization based in Philadelphia, Pennsylvania. Their primary mission is to engage high school students in architecture, construction, and engineering professions, with a focus on underrepresented groups. They achieve this by recruiting students from various schools and pairing them with mentors from relevant industries. These teams work on design projects, learning valuable skills such as drawing to scale and cost estimation. Over the course of the school year, teams meet approximately fifteen times, visiting mentor firms and selecting design projects. In fiscal year 2021, the organization served approximately 7,000 students. Nationally, the program has expanded to 200 cities in 37 states, aiming to foster interest in the construction industry and attract new talent.
Official website here: www.acementor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating from Charity Navigator.
The Ace Mentor Program of America Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and transparency. The organization boasts an Accountability & Finance Score of 95, indicating efficient financial management and a solid impact measurement system with a perfect score of 100. The high program expense ratio of 78.68% demonstrates that a significant portion of its resources is directly allocated to its programs, ensuring effective use of donor funds.
Strengths of the organization include its Leadership & Adaptability and Impact & Measurement, both rated at 100, highlighting the program's ability to adapt to changing environments while measuring its impact effectively. Additionally, its fundraising efficiency ratio of $0.06 suggests a low cost to raise funds, which is beneficial for maintaining donor trust and ensuring more funds are directed towards programs.
While the organization reports a working capital ratio of 3.31 years, indicating a healthy financial cushion, it is noteworthy that it is actively implementing nine Equity Practices. This commitment demonstrates an ongoing effort to improve inclusivity and equity within its operations. Overall, the Ace Mentor Program of America Inc illustrates a strong performance, although it should continue to monitor its operational practices to further enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ace Mentor Program Of America Inc legitimate?
Ace Mentor Program Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Mentor Program Of America 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: $441,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $563,207
For more financial information, click here
Official website here: www.acementor.org
What is the mission statement of Ace Mentor Program Of America Inc?
The Ace Mentor Program of America Inc's mission is centered around attracting young individuals to the construction industry professions. Industry professionals volunteer as mentors to high school students, introducing them to various sectors within the construction fields and encouraging them to pursue related studies and careers. The program primarily targets students from public and private high schools, with a special focus on underrepresented groups, such as women and minorities. The students, organized into teams, work under the guidance of mentors from various firms in the architecture, construction, and engineering industries. The teams engage in design projects, learning skills like drawing to scale and estimating job costs, which are crucial in their mentors' professional duties. The national staff of Ace Mentor Program supports local affiliates by providing guidance for financial stability, fiscal compliance, and strategic planning. In fiscal year 2021, the organization served approximately 7,000 students.
Official website here: www.acementor.org
Who is the CEO of Ace Mentor Program Of America Inc?
Diana Eidenshink is the Chairman of Ace Mentor Program Of America Inc.
Official website here: www.acementor.org
What is the revenue of Ace Mentor Program Of America Inc?
Ace Mentor Program Of America Inc's revenue in 2022 was $3,548,181.
Official website here: www.acementor.org
Who are the executives of Ace Mentor Program Of America Inc and what are their salaries?
Here are 65 key members and their salaries:
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Official website here: www.acementor.org
Where can I find the form 990 for Ace Mentor Program Of America Inc?
Ace Mentor Program Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acementor.org
Learn more at the official website: www.acementor.org
Mission Statement of Ace Mentor Program Of America Inc
Ace Mentor Program of America Inc, a renowned organization, is committed to attracting young individuals to the construction industry professions. Their mission is achieved through a school mentoring program that engages industry professionals as mentors for high school students. By introducing these students to the professionals and encouraging them to pursue studies and careers in the construction fields, the program provides a much-needed boost of new talent to the industry.
The Ace Mentor Program operates in over 200 cities across 37 states, reaching over 10,000 students annually. The program's primary focus is on recruiting students from public and private high schools, with a special emphasis on women and minorities who might otherwise be unaware of the opportunities and challenges in the architecture, construction, and engineering industries. These students are then divided into teams and work under the guidance of mentors from various firms in the fields of ownership, architecture, construction management, and engineering.
Throughout the school year, teams meet approximately fifteen times in an after-school program. The initial meetings involve visits to the offices of the involved firms, where the scopes of their activities are discussed and a tour of the facilities is conducted. Each team then selects a design project, which may require tasks such as site acquisition and the drawing of plans. The students go through the entire design process, learning skills like drawing to scale and estimating the cost of a job, skills that their mentors utilize in their daily professional duties.
The national staff of Ace Mentor Program of America provides support to local affiliates, ensuring financial solvency, fiscal compliance, and long-term strategic planning. They evaluate and review affiliate activities, develop regional activities, and coordinate national organizations and sponsors. In fiscal year 2021, the organization served approximately 7,000 students.
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Impact
July, 2024
The Ace Mentor Program of America Inc has a significant impact on attracting young people to the architecture, construction, and engineering professions. With programs in 200 cities across 37 states, over 10,000 students participate annually. This program not only introduces students to these industries but also provides them with practical skills and real-world experiences through mentorship. By targeting students from diverse backgrounds, including women and minorities, Ace Mentor Program helps broaden participation in these fields, addressing the industry's need for new talent. Through hands-on projects and mentoring relationships, students develop essential skills and gain valuable insights into career opportunities in the construction industry.
This information is meant to be a general summary of Ace Mentor Program Of America 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: $27,841
- Program Service Revenue: $194,656
- Gross Receipts: $6,243,531
Assets and Liabilities:
- Total Assets: $9,029,757
- Total Liabilities: $1,255,785
- Net Assets: $7,773,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM AFFILIATES
Revenue
$194,656
Organization Details
Founding Year
2002
Phone
(215) 330-4522Principal Officer
Diana Eidenshink
Main Address
1501 CHERRY STREET, PHILADELPHIA, PA, 19102
Website
www.acementor.orgNTEE Category
Code: B99 - Education
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