Ace Academy
- Assets
- $176.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Seattle, WA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 81-2983424
Organization Overview
Ace Academy is located in Seattle, WA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Ace Academy employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Academy 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, Ace Academy generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 43.5% per year over the past 6 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
ACE IS BUILT ON THE PREMISE OF SERVING MEN FROM HISTORICALLY UNDER-SERVED POPULATIONS. SPECIFICALLY TARGETING AFRICAN AMERICAN, AFRICAN DIASPORA,LATINO/HISPANIC, PACIFIC ISLANDER, AND NATIVE AMERICAN MALES. AT ACE, YOUNG MEN WILL LEARN COMPASSION AND UNDERSTANDING, A STRONG EDUCATIONAL AND CULTURAL FOUNDATION, THE VALUE OF PERSEVERANCE AND DETERMINATION, AND HOW TO USE THEIR INDIVIDUAL TALENTS FOR THE GREATER GOOD IN THEIR COMMUNITY. YOUNG MEN OF ACE WILL BE ABLE TO ANSWER THE EXISTENTIAL QUESTION OF "WHO AM I?" WITH A RESOUNDING ANSWER OF, "I AM EXELLENCE!".
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMARY OF PROGRAMS: SATURDAY ACADEMY - 35 STUDENTS MET AND COVERED SEVERAL TOPICS INCLUDING AFRICAN AMERICAN ART, FINANCIAL LITERACY, COLLEGE READINESS, MENTAL AND PHYSICAL HEALTH. THEY ALSO WENT ON A COLLEGE TOUR AND VISITED 5 STATE COLLEGES AND UNIVERSITIES. FAME GAME - 75 YOUNG MEN PARTICIPATED IN SEVERAL WORKSHOPS INCLUDING FINANCIAL LITERACY, GUN VIOLENCE, ENTREPRENEURSHIP AND JOB SKILLS. YOMHE - 4 INTERNS LED 10 MENTAL HEALTH PRESENTATIONS TO 150 OF THEIR PEERS. SLE - 20 MIDDLE SCHOOL YOUNG MEN PARTICIPATED IN A 4 WEEK SUMMER PROGRAM. THE YOUNG MEN EXPLORED STEM, HEALTH AND WELLNESS ACTIVITIES, AND HUMANITIES, AS WELL AS WENT ON FIELD TRIPS SUCH AS THE UNIVERSITY OF WASHINGTON AND BLUE ORIGIN. BEI - OVER 50 EDUCATORS ATTENDED OUR FIRST BLACK MALE EDUCATOR SUMMIT HELD AT SEATTLE UNIVERSITY. BLACK MALE EDUCATORS WERE ABLE TO NETWORK WITH OTHER BLACK MALE EDUCATORS AND ATTEND SEVERAL WORKSHOPS FOCUSED ON THEIR NEEDS.
FAME GAME AND IN SCHOOL PROGRAMMING- PROVIDES PURPOSE TO YOUNG MEN OF COLOR WITH TOOLS, RESOURCES AND KNOWLEDGE TOWARDS BECOMING VIABLE WORLD CITIZENS. WE COVER TOPICS THAT IMPACT THEM AND OUR COMMUNITY SUCH AS POLICE BRUTALITY, GUN VIOLENCE AND ECONOMIC MOBILITY. PREPARES AFRICAN AMERICAN YOUNG MEN AND YOUNG MEN OF COLOR FOR INDIVIDUAL SUCCESS THROUGH INSTRUCTION, ADVISING, AND MENTORING. THE PROGROM FOCUSES ON SUPPORTING THE WHOLE CHILD THROUGH PHYSICAL HEALTH AND WELL-BEING, YOUTH EMPOWERMENT, AND SKILLS IN PROMOTING HEALING.
SUMMER LEARNING EXPERIENCE (SLE)- IS A 4 WEEK SUMMER PROGRAM FOR MIDDLE SCHOOL YOUNG MEN OF COLOR. THE PROGRAM PROVIDES HANDS-ON ACADEMIC LEARNING OPPORTUNITIES IN HUMANITIES, MATH, SCIENCE AND HEALTH AND WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Dancer COO | Officer | 40 | $0 |
Willie Seals President | Officer | 40 | $0 |
Marcus Harden Vice President | Officer | 40 | $0 |
Financial Statements
| 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 | $1,349,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,349,837 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,349,837 |
| 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 | $678,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $119,350 |
| 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 | $9,121 |
| Advertising and promotion | $32,917 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,321 |
| Insurance | $88,654 |
| All other expenses | $148,996 |
| Total functional expenses | $1,370,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,789 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,378 |
| 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 | $5,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $610 |
| Total assets | $176,917 |
| Accounts payable and accrued expenses | $33,904 |
| 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 | $1 |
| Total liabilities | $33,905 |
| Net assets without donor restrictions | $143,012 |
| 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 | $176,917 |