Ace Mv Inc
- Assets
- $269.9k
- Revenue
- $440.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Vineyard Haven, MA
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 26-3371336
Organization Overview
Ace Mv Inc is located in Vineyard Haven, MA. The organization was established in 2010. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Ace Mv Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Mv Inc 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 06/2022, Ace Mv Inc generated $440.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $416.2k during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A DIVERSITY OF PROGRAMS TO AN ISLAND COMMUNITY WITH LIMITED EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS EDUCATIONAL PROGRAMS INCLUDING PRACTICAL TRAINING, COLLEGE PREPARATORY AND CREDIT COURSES, SPECIAL PROGRAMS,ENRICHMENT CLASSES TO ALL GENERATIONS, AND ECONOMIC CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Bellebuono Executive Director | Officer | 40 | $87,479 |
Nancy Hoffman President | OfficerTrustee | 5 | $0 |
Norman Werthwein Treasurer | OfficerTrustee | 5 | $0 |
Richie Smith Secretary | OfficerTrustee | 5 | $0 |
Tilma Johnson Director | Trustee | 5 | $0 |
Kim Garrison Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,784 |
| Total Program Service Revenue | $56,717 |
| Investment income | $562 |
| 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 | $440,063 |
| 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. | $87,479 |
| Compensation of current officers, directors, key employees. | $17,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,055 |
| Payroll taxes | $20,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,698 |
| Advertising and promotion | $12,560 |
| Office expenses | $2,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,142 |
| All other expenses | $0 |
| Total functional expenses | $416,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,195 |
| Savings and temporary cash investments | $105,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,716 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $269,924 |
| Accounts payable and accrued expenses | $59,642 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,642 |
| Net assets without donor restrictions | $210,282 |
| 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 | $269,924 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Ace Mv Inc has recieved totaling $57,507.
| Awarding Organization | Amount |
|---|---|
Tower Family Fund Inc Buffalo, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Gretchen V And Samuel M Feldman Private Foundation Inc Owings Mills, MD PURPOSE: CHARITABLE | $17,500 |
Cecile Higginson Murphy Charitable Foundation Boston, MA PURPOSE: GENERAL PURPOSE | $10,000 |
Cape Cod 5 Foundation Inc Hyannis, MA PURPOSE: DONATION | $3,000 |
Jerome P & Carol B Kenney Trust Pennington, NJ PURPOSE: GENERAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |