Overview
What is Ace Tech Endowment Fund?
The Ace Tech Endowment Fund is a charitable organization situated in Chicago, Illinois. Its primary mission is to financially support Ace Tech Charter High School, providing compensation for faculty members. Additionally, the fund offers skill-based assessments and reporting, professional development for ACT/SAT test preparation, and distributes Chromebooks to students. The organization's aim is to contribute positively to the educational experience of students at Ace Tech Charter High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
The Ace Tech Endowment Fund has received a solid rating of 87%, reflecting its strong performance in various accountability and finance metrics. The organization excels in governance, as evidenced by having 100% independent board members and a commitment to transparency through documented board meeting minutes. Its financial integrity is underscored by a liabilities to assets ratio of 0.00% and a high program expense ratio of 98.48%, indicating that almost all funds are directed towards its programs.
The organization has established clear policies to manage conflicts of interest and retain documents, which contributes to its strong governance framework. However, while the overall rating is commendable, potential donors and stakeholders may want to consider the organization's scale and reach in the community when evaluating its impact. Overall, the Ace Tech Endowment Fund demonstrates a commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Ace Tech Endowment Fund legitimate?
Ace Tech Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Tech Endowment Fund 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 Ace Tech Endowment Fund?
The Ace Tech Endowment Fund's mission is centered around providing financial assistance. Specifically, it aims to support Ace Tech Charter High School by covering faculty compensation costs, providing skill-based assessments and reporting, offering professional development for ACT/SAT test preparation, and distributing Chromebooks to students. This financial aid is instrumental in ensuring the school's operations and the academic growth of its students.
Who is the CEO of Ace Tech Endowment Fund?
Joseph Scarpelli is the President of Ace Tech Endowment Fund.
What is the revenue of Ace Tech Endowment Fund?
Ace Tech Endowment Fund's revenue in 2022 was $9,136.
Who are the executives of Ace Tech Endowment Fund and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Ace Tech Endowment Fund?
Ace Tech Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ace Tech Endowment Fund
Ace Tech Endowment Fund, a nonprofit organization, is dedicated to providing financial assistance for Ace Tech Charter High School. More specifically, its mission involves providing financial support to cover the costs of faculty compensation, implementing skill-based assessments and reporting, and offering professional development opportunities for ACT/SAT test preparation. The fund also invests in equipping students with Chromebooks, ensuring they have the necessary tools for their academic pursuits. By taking on this role, Ace Tech Endowment Fund plays a crucial part in supporting the educational growth and success of Ace Tech Charter High School.
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Impact
October, 2024
The Ace Tech Endowment Fund significantly impacts education at Ace Tech Charter High School by providing essential financial assistance that directly supports student learning and faculty development. This funding helps cover faculty compensation, ensuring that students have access to quality educators who can guide them effectively.
Additionally, the Fund plays a critical role in enhancing student assessment and performance through skill-based evaluations and reporting mechanisms. This allows for a more tailored educational approach, addressing individual student needs and promoting academic success.
Professional development opportunities for faculty, particularly in ACT/SAT test preparation, are supported by the Fund, equipping teachers with the tools necessary to prepare students for these important assessments. This support is crucial in nurturing a college-ready student body.
Moreover, the provision of Chromebooks for students ensures that they have the necessary technological resources to thrive in a modern educational environment. This investment in technology not only facilitates enhanced learning experiences but also prepares students for a digital world.
Overall, the Ace Tech Endowment Fund significantly strengthens educational outcomes, builds faculty capabilities, and fosters a supportive learning environment at Ace Tech Charter High School in Chicago, IL.
This information is meant to be a general summary of Ace Tech Endowment Fund. 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: $9,136
- Gross Receipts: $12,136
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2005
Phone
(773) 548-8705Principal Officer
Joseph Scarpelli
Main Address
6820 S WASHTENAW, CHICAGO, IL, 60629
NTEE Category
Code: B82 - Education
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