Ace Mentor Program Of The Greater Washington Metropolitan Area Inc
- Assets
- $253.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 52-2336830
Organization Overview
Ace Mentor Program Of The Greater Washington Metropolitan Area Inc is located in Arlington, VA. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Mentor Program Of The Greater Washington Metropolitan Area 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 Mentor Program Of The Greater Washington Metropolitan Area Inc generated $90.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $83.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING THE FISCAL YEAR ENDING JUNE 20, 2022, THE PROGRAM HAD 14 LOCAL HIGH SCHOOL ACE TEAMS WITH APPROXIMATELY 150 STUDENTS PARTICIPATING IN ITS MENTOR PROGRAM. DUE TO THE COVID-19 PANDEMIC, THE TEAMS BEGAN THE PROGRAM YEAR WITH TEAMS MEETING VIRTUALLY OR IN A HYRBID FORMAT. MOST TEAMS CONVERTED TO IN PERSON MEETINGS DURING THE SPRING SEMESTER. THE ANNUAL SCHOLARSHIP BREAKFAST EVENT WAS HELD IN PERSON. THE STUDENT PRESENTATION NIGHTS WERE HELD IN PERSON AND VIRTUALLY, AT EACH INDIVIDUAL SCHOOL LOCATION AND BASED ON PREFERENCE. IN ADDITION, THE ORGANIZATION CONTINUED TO PROVIDE COLLEGE SCHOLARSHIPS TO INDIVIDUALS STUDYING IN THE FIELDS OF ARCHITECTURE, ENGINEERING, CONSTRUCTION, AND RELATED DISCIPLINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bradford Affiliate Director | 15 | $19,040 | |
Ozzie Belcher Director | 0.25 | $0 | |
Garry Boehlert Director | 0.25 | $0 | |
Nydia Bonnin Director | 0.25 | $0 | |
Paul Choquette III Director | 0.25 | $0 | |
Vance Freyman Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,391 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $90 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$20,872 |
| Other Revenue | $0 |
| Total Revenue | $90,609 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,600 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,965 |
| Other expenses | $9,200 |
| Total expenses | $83,765 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $231,414 |
| Other assets | $0 |
| Total assets | $253,414 |
| Total liabilities | $14,366 |
| Net assets or fund balances | $239,048 |