Ace Mentor Program Of America Inc is located in Wakefield, MA. The organization was established in 2006. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ace Mentor Program Of America 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 12/2021, Ace Mentor Program Of America Inc generated $271.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $207.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP OPPORTUNITIES TO HIGH SCHOOL STUDENTS
NONE
NONE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jen Fries Executive Director | OfficerTrustee | 20 | $57,000 |
Christopher Previte Treasurer | OfficerTrustee | 5 | $0 |
Casey Williams President Emeritus | OfficerTrustee | 5 | $0 |
Jeremy Ritzenberg Legal Counsel | OfficerTrustee | 5 | $0 |
Mike Harris Vice President | OfficerTrustee | 5 | $0 |
Thomas Aldrich President | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $73,828 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $73,828 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $197,424 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $271,252 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $133,769 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $57,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,025 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,587 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $5,020 |
All other expenses | $821 |
Total functional expenses | $207,222 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $258,161 |
Savings and temporary cash investments | $284,213 |
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 | $0 |
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 | $542,374 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $542,374 |
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 | $542,374 |
Over the last fiscal year, we have identified 2 grants that Ace Mentor Program Of America Inc has recieved totaling $6,000.
Awarding Organization | Amount |
---|---|
Brookline Community Foundation Inc Brookline, MA PURPOSE: ACE MENTOR PROGRAM EXPANSION | $5,000 |
Crennel Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
National Mentoring Partnership Incorporated Boston, MA | $15,815,065 | $18,909,132 |
Silver Lining Mentoring Inc Boston, MA | $4,261,701 | $3,038,495 |
Friends Program Inc Concord, NH | $938,753 | $1,422,395 |
Science Club For Girls Inc Cambridge, MA | $2,221,608 | $1,390,513 |
Community Partners For Youth Inc Rochester, NY | $1,076,647 | $1,233,499 |
Long Island Youth Mentoring Inc Brentwood, NY | $1,520,723 | $799,719 |
Mentoring Partnership Of New York Inc New York, NY | $785,853 | $1,026,063 |
Girl Vow Inc Bronx, NY | $540,421 | $472,157 |
Buffalo & Western New York Junior Soccer League Cheektowaga, NY | $131,464 | $246,367 |
Ace Mentor Program Of America Inc Wakefield, MA | $542,374 | $271,252 |
Miracle League Of Connecticut Inc West Hartford, CT | $419,819 | $200,658 |
Generation Two Creating Intergenerational Friendships Inc Rochester, NY | $40,414 | $0 |