Overview
What is Ace Educational Foundation Inc?
Ace Educational Foundation Inc, based in Edmond, Oklahoma, is a nonprofit organization dedicated to research and development. Their primary focus is the transformation of coal into liquid fuels and desirable chemical products, all with minimal environmental impacts. By pursuing this mission, the foundation aims to contribute to a cleaner and more sustainable energy future, without compromising on the production of essential products.
Official website here: www.ace-ef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Ace Educational Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting a commendable score of 82%. This rating indicates a strong performance in accountability and finance, highlighting the organization's commitment to transparency and responsible management of its resources. The foundation boasts a fully independent board, which enhances its governance structure and helps ensure effective oversight.
One of the strengths of the Ace Educational Foundation Inc is its high program expense ratio of 78.30%, signifying that a significant portion of its funds directly supports its educational initiatives. The organization also maintains robust policies on conflict of interest, whistleblower protection, and document retention, all of which contribute to its overall integrity and operational effectiveness.
Despite these strengths, the organization’s overall rating of 82% suggests there are areas for improvement, although specific limitations are not detailed in the data. Continuous enhancement of its programs and financial strategies could further elevate its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ace Educational Foundation Inc legitimate?
Ace Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace Educational Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ace-ef.org
What is the mission statement of Ace Educational Foundation Inc?
The Ace Educational Foundation Inc is dedicated to research and development, specifically aimed at transforming coal into liquid fuels and desirable chemical products, all with minimal environmental impacts. This organization's mission is geared towards creating sustainable solutions that balance energy needs with environmental conservation. They strive to innovate and develop technologies that not only produce fuel but also contribute positively to the preservation of our planet.
Official website here: www.ace-ef.org
Who is the CEO of Ace Educational Foundation Inc?
Mike E Oneal is the Principal Officer of Ace Educational Foundation Inc.
Official website here: www.ace-ef.org
What is the revenue of Ace Educational Foundation Inc?
Ace Educational Foundation Inc's revenue in 2022 was $422.
Official website here: www.ace-ef.org
Who are the executives of Ace Educational Foundation Inc and what are their salaries?
There 3 volunteers at Ace Educational Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $41,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ace-ef.org
Where can I find the form 990 for Ace Educational Foundation Inc?
Ace Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ace-ef.org
Learn more at the official website: www.ace-ef.org
Mission Statement of Ace Educational Foundation Inc
Ace Educational Foundation Inc, a research-oriented organization, is dedicated to transforming coal into liquid fuels and desirable chemical products with minimal environmental impacts. With a mission to innovate, this foundation focuses on the development of technologies that can produce fuel and chemicals from coal in a sustainable and eco-friendly manner. By pursuing research and development in this area, Ace Educational Foundation Inc aims to contribute to a cleaner and more sustainable energy future, while still meeting the demands for fuel and chemical products.
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Impact
June, 2024
Ace Educational Foundation Inc's impact lies in leading research and development efforts to transform coal into liquid fuels and desirable chemical products with minimal environmental impacts. By focusing on this innovative approach, the foundation is contributing to finding sustainable solutions for the energy industry, while also emphasizing the importance of environmental conservation. Through its mission-driven work, Ace Educational Foundation Inc is tackling significant challenges in the energy sector and advocating for a more sustainable future.
This information is meant to be a general summary of Ace Educational Foundation 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: $422
- Gross Receipts: $422
Assets and Liabilities:
- Total Assets: $7,543,861
- Total Liabilities: $7,917,134
- Net Assets: -$373,273
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Organization Details
Founding Year
2017
Phone
(405) 226-3399Principal Officer
Mike E Oneal
Main Address
3201 E 32nd St, Edmond, OK, 73013
Website
www.ace-ef.orgNTEE Category
Code: C35 - Environment
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