Alliance Center For Education Inc is located in Charlotte, NC. The organization was established in 1976. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2023, Alliance Center For Education Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance Center For Education 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 12/2023, Alliance Center For Education Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 5 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
OUR MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION AND SUPPORT FOR CHILDREN IN NEED THROUGH PARTNERSHIP WITH THEIR FAMILIES. OUR VISION IS TO POSITIVELY AFFECT THE FUTURE OF CHILDREN AT RISK BY IMPROVING ECONOMIC MOBILITY THROUGH EDUCATION. WE FIRMLY BELIEVE THAT EDUCATION IS A POWERFUL CATALYST FOR BREAKING THE CYCLE OF POVERTY. BY INVESTING IN FAMILY ENGAGEMENT AND OFFERING HOLISTIC SUPPORT, WE ARE PAVING THE WAY FOR A BRIGHTER FUTURE, WHERE EVERY CHILD HAS THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL. TOGETHER, WE ARE BUILDING A BRIDGE TO SUCCESS, ONE FAMILY AT A TIME. OUR PROGRAMS ARE A BEACON OF HOPE, OFFERED TO ELIGIBLE CHILDREN AND FAMILIES AT NO COST. TO ENSURE TARGETED IMPACT, WE EMPLOY A METICULOUS RECRUITMENT,SELECTION, AND ENROLLMENT PROCESS, REACHING THE POPULATIONS IN GREATEST NEED OF OUR SERVICES. UPON ENROLLMENT, EACH FAMILY RECEIVES PERSONALIZED SUPPORT FROM OUR DEDICATED TEAM MEMBERS. TOGETHER, THEY SET AMBITIOUS STUDENT AND FAMILY GOALS, AND WE LEAVE NO STONE UNTURNED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANCE CENTER FOR EDUCATION, AC4ED, IS DRIVEN BY A VISION-ENSURE THAT A FAMILY'S INCOME DOES NOT DICTATE A CHILD'S FUTURE. OUR MISSION IS TO PROVIDE HIGH-QUIALITY EDUCATION AND SUPPORT CHILDREN IN NEED THROUGH PARTNERSHIP WITH THEIR FAMILIES. OUR EARLY CHILDHOOD PROGRAM, MODELED AFTER THE HIGHLY EFEECTIVE HEAD START APPROACH, PROVIDES A COMPREHENSIVE RANGE OF SERVICES, FROM EDUCATION TO HOME VISITATION FOR EXPECTANT MOTHERS AND CHILDREN AGED BIRTH TO 5. OUR HOLISTIC APPROACH FOSTERS EARLY LEARNING AND DEVELOPMENT, HEALTH, AND FAMILY WELL-BEING, PAVING THE THE WAY FOR A BRIGHTER FUTURE. THROUGH STRATEGIC PARTNERSHIPS AND COMMITMENT, WE HAVE WITNESSED TRANSFORMATIVE OUTCOMES IN THE LIVES OF COUNTLESS CHILDREN AND FAMILIES. THE EARLY CHILDHOOD EDUCATION PROGRAMS ARE FUNDED BY FEDERAL GRANTS FROM HEAD START, EARLY HEAD START AND MUNICIPAL GRANTS FROM MECK PRE-K AND NC PRE-K.
WITH AN UNWAVERING COMMITMENT SPANNING OVER 80 YEARS, AC4ED HAS BEEN AN INTERGAL PART OF CHARLOTTE'S MOST UNDER-RESOURCED COMMUNITIES. AS CHARLOTTE'S LANDSCAPE HAS EVOLVED, SO HAS AC4ED, ADAPTING THROUGH STRATEGIC GROWTH AND COLLABORATIONS TO CONTINUE OUR VITAL MISSION OF SERVING THE CHILDREN AND FAMILIES WHO NEED US MOST.
AT THE ALLIANCE CENTER FOR EDUCATION, WE OFFER A DYNAMIC CONTINUUM OF SERVICES TO SUPPORT CHILDREN'S TRANSITION FROM PRE-KNDERGARTEN TO THEIR K- 12 SCHOOL YEARS. OUR OUT OF SCHOOL TIME (OST) PROGRAM IS AVAILABLE THROUGHOUT THE ACADEMIC YEAR AND SUMMER CAMP, PROVIDING ENGAGING AND ENRICHING EXPERIENCES BEYOND REGULAR SCHOOL HOURS. OUR KINDERGARTEN-5TH GRADE OST PROGRAM FOSTERS A LOVE FOR LEARNING IN CHILDREN BY EXPLORING VARIOUS SUBJECTS, INCLUDING MATH, ART, SCIENCE, MUSIC, AND NUTRITION, THROUGH FUN LEARN-AT-PLAY ACTIVITIES IN THE AFTERNOON. OUR DEDICATED OST EDUCATIONAL PROFESSIONALS ALSO PROVIDE HOMEWORK HELP AND TUTORING TO KEEP SCHOOLWORK ON TRACK. WE ENSURE STUDENTS HAVE OPPORTUNITIES FOR PHYSICAL FITNESS ACTIVITIES, SPECIAL EVENTS, ARTS AND CRAFTS, AND FIELD TRIPS, ENCOURAGING THEIR CONTINUED PARTICIPATION YEAR AFTER YEAR. ADDITIONALLY, OUR 6TH GRADE-12TH OST- AC4ED TEEN LEADERSHIP COOPERATIVE PROGRAM IS DESIGNED AS A SOCIAL LEARNING ENVIRONMENT TO EQUIP STUDENTS ENTERING THEIR TEENS WITH CRITICAL THINKING SKILLS THAT WILL SERVE THEM FOR A LIFETIME. APART FROM TUTORING AND HOMEWORK ASSISTANCE, OUR OST EDUCATIONAL PROFESSIONALS MENTOR AC4ED STUDENTS IN PERSONAL DEVELOPMENT, CHARACTER EDUCATION, GOAL-SETTING, TIME MANAGEMENT, FINANCIAL PLANNING, UNDERSTANDING VARIOUS CAREER OPPORTUNITIES, AND CONSIDERING COLLEGE OPTIONS AND TOURS. TO CREATE A BALANCED EDUCATIONAL EXPERIENCE, WE INCOPORATE GUEST SPEAKERS, FIELD TRIPS,SPECIAL EVENTS AND EXPLORATION IN ARTS, MUSIC, AND NUTRITION SCIENCES. WE ARE PROUD TO SUPPORT THESE PROGRAMS THROUGH MUNICIPAL ADN CORPORATE GRANTS, ALONG WITH FUNDRAISING ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jared Keaton CEO | Officer | 40 | $196,892 |
Brian Luckadoo CFO | Officer | $109,768 | |
Alexandria Addison Director | Trustee | $0 | |
Maudre Addison Director | Trustee | $0 | |
Andy Belk Director | Trustee | $0 | |
Diann Black Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,234,053 |
All other contributions, gifts, grants, and similar amounts not included above | $135,361 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,369,414 |
Total Program Service Revenue | $106,929 |
Investment income | $153,603 |
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 | $10,629,946 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,736,350 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,197,751 |
Payroll taxes | $0 |
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 | $25,589 |
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 | $40,396 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $118,932 |
Insurance | $94,704 |
All other expenses | $880,944 |
Total functional expenses | $10,748,690 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,210,444 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $373,567 |
Accounts receivable, net | $54,129 |
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 | $877,060 |
Investments—publicly traded securities | $145,813 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $98,533 |
Total assets | $4,759,546 |
Accounts payable and accrued expenses | $849,396 |
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 | $858,072 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,707,468 |
Net assets without donor restrictions | $2,761,751 |
Net assets with donor restrictions | $290,327 |
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 | $4,759,546 |