Student Aces Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Palm Beach Gardens, FL
- Founding
- 09/2013
- Data as of
- 09/2022
- EIN
- 46-3081102
Organization Overview
Student Aces Inc is located in Palm Beach Gardens, FL. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2022, Student Aces Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Aces 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 09/2022, Student Aces Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $1.4m during the year ending 09/2022. 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
SERVICE, AND LIFE SKILLS FOR HIGH SCHOOL STUDENT ATHLETES. THEIR FOCUS IS TO INSPIRE, TRAIN AND MENTOR A COMMUNITY OF STUDENT ACES WHO EXEMPLIFY LEADERSHIP TRAITS IN ATHLETICS, COMMUNITY SERVICE AND EDUCATION. THE INSPIRATION FOR STUDENT ACES IS DERIVED FROM A DEEP DESIRE TO SEE EVERY STUDENT ACHIEVE A FOUNDATION OF HONOR, CHARACTER AND INTEGRITY THAT WILL PERMANENTLY GENERATE POSITIVE OUTCOMES IN THEIR SCHOOLS AND FOR THE NEXT GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A PROGRAM TO DEVELOP LEADERS BY PROVIDING DIFFERENCE IN THE COMMUNITY. STUDENTS ARE TAUGHT SKILLS IN AN INTERACTIVE CLASSROOM SETTING WITH PEERS FROM OTHER SCHOOLS. THE STUDENTS ARE EXPOSED TO NATIONAL AND LOCAL LEADERS THROUGH GUEST LECTURER APPEARANCES AND COMMUNITY INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Webb Executive Director | 50 | $124,856 | |
Syd Kitson Treasurer | OfficerTrustee | 1 | $0 |
Robert Kornahrens Vice President | OfficerTrustee | 1 | $0 |
Jamie Levin Secretary | OfficerTrustee | 1 | $0 |
Jorge Martinez President | OfficerTrustee | 20 | $0 |
Charles Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $972,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,015,110 |
| Total Program Service Revenue | $0 |
| Investment income | $18,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,050,486 |
| 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. | $113,494 |
| Compensation of current officers, directors, key employees. | $5,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,215 |
| Payroll taxes | $34,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,675 |
| Advertising and promotion | $32,530 |
| Office expenses | $4,961 |
| Information technology | $5,113 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,227 |
| Insurance | $41,917 |
| All other expenses | $76,416 |
| Total functional expenses | $1,358,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,186 |
| Savings and temporary cash investments | $54,102 |
| Pledges and grants receivable | $450,983 |
| 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 | $626,971 |
| Investments—publicly traded securities | $468,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $740 |
| Total assets | $1,613,274 |
| Accounts payable and accrued expenses | $1,921 |
| 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 | $101,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $103,067 |
| Net assets without donor restrictions | $1,510,207 |
| 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 | $1,613,274 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Student Aces Inc has recieved totaling $179,068.
| Awarding Organization | Amount |
|---|---|
Lost Tree Village Charitable Foundation Inc North Palm Beach, FL PURPOSE: For a new 15 passenger van to transport Glades area students to and from The Student ACES Center, school, sport related activities, job interviews, and to access college and career resources with the goal of increasing opportunities. | $56,490 |
Listen Learn Care Foundation Inc Highland Beach, FL PURPOSE: TO FURTHER CHARITABLE PURPOSE | $50,000 |
United Way Of Palm Beach County Inc West Palm Beach, FL PURPOSE: Community Impact | $37,928 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $22,150 |
Palm Healthcare Foundation Inc West Palm Beach, FL PURPOSE: NHN | $7,500 |
He Hill Founadation In C Belle Glade, FL PURPOSE: PASSPORT PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |