Alliance For Choice In Education

Organization Overview

Alliance For Choice In Education, operating under the name Ace Scholarships, is located in Greenwood Village, CO. The organization was established in 2000. 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 12/2021, Ace Scholarships employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Scholarships 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 12/2021, Ace Scholarships generated $34.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $27.3m during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 7 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.

Since 2014, Ace Scholarships has awarded 21 individual grants totaling $1,253,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO PROVIDE LOW-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, MONTANA, KANSAS, TEXAS, WYOMING, ARKANSAS, AND MISSOURI, AND A TAX-CREDIT SCHOLARSHIP PROGRAM IN LOUISIANA AND KANSAS (SGO). ACE'S PRIVATE PROGRAM AWARDS SCHOLARSHIPS TO CHILDREN FROM LOW-INCOME FAMILIES WANTING PRIVATE SCHOOLING FROM KINDERGARTEN TO HIGH SCHOOL. LOW-INCOME IS DEFINED IN ACCORDANCE WITH THE FEDERAL POVERTY GUIDELINES. POLICIES AND PROCEDURES ADMINISTERING THE PRIVATE SCHOLARSHIP PROGRAM ARE REVIEWED AND APPROVED BY THE ACE PROGRAM COMMITTEE. CONTINUED ON SCHEDULE O.ACE ALSO SERVES AS A STATE-APPROVED SCHOOL TUITION ORGANIZATION IN THE LOUISIANA TUITION DONATION TAX CREDIT PROGRAM AND AWARDS SCHOLARSHIPS TO QUALIFIED STUDENTS IN ADHERENCE TO STATE STATUTES AND RULES AND REGULATIONS PUBLISHED BY THE LOUISIANA DEPARTMENT OF EDUCATION.ACE IS ALSO REGISTERED AS A SCHOLARSHIP GRANTING ORGANIZATION (SGO) WITHIN KANSAS' TAX CREDIT PROGRAM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Westmeath Global Communications
Marketing
$147,052
Pin Business Network
Marketing
$140,500
Rogue Productions
Marketing
$100,375
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,846,446
Related organizations$0
Government grants $625,300
All other contributions, gifts, grants, and similar amounts not included above$29,799,309
Noncash contributions included in lines 1a–1f $515,103
Total Revenue from Contributions, Gifts, Grants & Similar$34,271,055
Total Program Service Revenue$0
Investment income $69,124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$313,977
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,038,450

Grants Awarded

Over the last fiscal year, Alliance For Choice In Education has awarded $598,000 in support to 5 organizations.

Grant RecipientAmount

CENTRAL DENVER CLASSICAL HIGH SCHOOL

Org PageRecipient Profile

Greenwood Vlg, CO

PURPOSE: SCHOOL ASSISTANCE

$250,000

BISHOP MACHEBEUF HIGH SCHOOL

Org PageRecipient Profile

Denver, CO

PURPOSE: SCHOOL ASSISTANCE

$250,000

ST LABRE NATIVE AMERICAN SCHOOL

Org PageRecipient Profile

Ashland, MT

PURPOSE: ST. LABRE PRESCHOOL AT LAME DEER

$80,000

FOSTER'S OUTRIDERS FOUNDATION

Org PageRecipient Profile

Jackson, WY

PURPOSE: DONATION

$10,000

ROCKHURST HIGH SCHOOL

Org PageRecipient Profile

Kansas City, MO

PURPOSE: SCHOOL ASSISTANCE

$8,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Alliance For Choice In Education has recieved totaling $10,000.

Awarding OrganizationAmount
The Wilson Family Foundation

High Point, NC

PURPOSE: CHARITABLE CONTRIBUTION

$10,000
View Grant Recipient Profile

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