Ace Educational Foundation Inc
- Assets
- $7.5m
- Revenue
- $422.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 82-0610516
Organization Overview
Ace Educational Foundation Inc is located in Edmond, OK. The organization was established in 2017. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Educational Foundation 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 12/2022, Ace Educational Foundation Inc generated $422.0 in total revenue. All expenses for the organization totaled $66.3k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND DEVELOPMENT TO TRANSFORM COAL INTO LIQUID FUELS AND DESIRABLE PRODUCTS WITH MINIMAL ENVIRONMENTAL IMPACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND DEVELOPMENT TO TRANSFORM COAL INTO LIQUID FUELS AND DESIRABLE CHEMICAL PRODUCTS WITH MINIMAL ENVIRONMENTAL IMPACTS.
COMBINED IN FIRST PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey A Dimick President And Chairman | OfficerTrustee | 10 | $41,000 |
Mike E O'neal Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Darlene Sherrod Trustee | Trustee | 1 | $0 |
Ken Gaspar Trustee | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $422 |
| 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 | $422 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $41,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,853 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,994 |
| 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 | $553 |
| All other expenses | $10,445 |
| Total functional expenses | $66,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,277 |
| Savings and temporary cash investments | $0 |
| 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 | $7,513,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,543,861 |
| 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 | $941,000 |
| Secured mortgages and notes payable | $6,976,134 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,917,134 |
| Net assets without donor restrictions | $0 |
| 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 | -$373,273 |
| Total liabilities and net assets/fund balances | $7,543,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Energy Alliance Inc Houston, TX | $1,846,772 | $2,939,794 |
Southwest Energy Efficiency Project Llc Boulder, CO | $2,606,117 | $1,800,030 |
Lobo Energy Incorporated Albuquerque, NM | $7,881,888 | $2,177,036 |
Switch Energy Alliance Austin, TX | $3,199,186 | $1,767,932 |
Riverview Technology Corporation Grand Junction, CO | $6,578,220 | $1,041,251 |
Colorado Solar Energy Industries Association Denver, CO | $248,654 | $782,652 |
Boulder Carshare Boulder, CO | $368,025 | $846,096 |
Metropolitan Partnership For Energy San Antonio, TX | $166,821 | $682,017 |
Evolve Houston Houston, TX | $1,014,660 | $950,469 |
Renew Missouri Advocates Columbia, MO | $201,705 | $795,097 |
Southern Star Medical Research Institute Houston, TX | $10,333,982 | $668,385 |
Yampa Valley Sustainability Council Steamboat Springs, CO | $477,557 | $690,180 |