Ace Charter School
- Assets
- $26.5m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 241
- Location
- San Jose, CA
- Founding
- 01/2009
- Data as of
- 06/2023
- EIN
- 26-1570590
Organization Overview
Ace Charter School is located in San Jose, CA. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Ace Charter School employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ace Charter School generated $21.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $21.2m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE PUBLIC CHARTER SCHOOLS AND PROVIDE EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. THE SCHOOL SERVED APPROXIMATELY 950 STUDENTS IN THE 2022-2023 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Gonzales Board Chair | OfficerTrustee | 2 | $0 |
Dr Linda Murray Secretary | OfficerTrustee | 2 | $0 |
Kevin Kaefer Treasurer | OfficerTrustee | 2 | $0 |
Tania Wilcox Board Member | Trustee | 2 | $0 |
Dr Mary Lairon Board Member | Trustee | 2 | $0 |
Jill Case Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adriana San Millan School Llc Substitute Teachers | 6/29/19 | $394,754 |
California Choice Inc Administrations | 6/29/19 | $791,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,086,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,170,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,256,821 |
| Total Program Service Revenue | $0 |
| Investment income | $8,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,305,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,968 |
| Compensation of current officers, directors, key employees. | $219,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,017,052 |
| Pension plan accruals and contributions | $948,570 |
| Other employee benefits | $1,125,011 |
| Payroll taxes | $504,302 |
| Fees for services: Management | $406,608 |
| Fees for services: Legal | $22,086 |
| Fees for services: Accounting | $73,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,986,828 |
| Advertising and promotion | $0 |
| Office expenses | $615,095 |
| Information technology | $362,359 |
| Royalties | $0 |
| Occupancy | $2,234,772 |
| Travel | $124,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,377 |
| Interest | $16,406 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,860 |
| Insurance | $156,572 |
| All other expenses | $273,852 |
| Total functional expenses | $21,182,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,800,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,845,139 |
| Accounts receivable, net | $40,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $348,066 |
| Net Land, buildings, and equipment | $1,002,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,466,695 |
| Total assets | $26,503,525 |
| Accounts payable and accrued expenses | $2,175,567 |
| Grants payable | $0 |
| Deferred revenue | $1,505,762 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $748,991 |
| Other liabilities | $17,059,227 |
| Total liabilities | $21,489,547 |
| Net assets without donor restrictions | $5,013,978 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,503,525 |