Ace Leadership High School Foundation
- Assets
- $5.3m
- Revenue
- $463.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/2014
- Data as of
- 06/2021
- EIN
- 90-0907480
Organization Overview
Ace Leadership High School Foundation is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Leadership High School Foundation 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 06/2021, Ace Leadership High School Foundation generated $463.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $312.4k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY EXEMPT PURPOSE: SUPPORT EDUCATIONAL INITIATIVES AND SCHOOL POLICY REFORM IN NEW MEXICO BY SUPPORTING ACE LEADERSHIP CHARTER HIGH SCHOOL BY ACQUIRING AND HOLDING REAL ESTATE TO BE LEASED TO THE SCHOOL. CONDUCT EDUCATIONAL TRAINING AND NETWORKING ACTIVITIES, COMMUNITY DEVELOPEMENT, FUNDRAISING ASSISTANCE AND PREPARE AND DISSEMINATE REPORTS AND EDUCATIONAL LITERATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRING AND HOLDING REAL ESTAET TO BE LEASED BY THE HIGH SCHOOL
ACQUIRING AND HOLDING REAL ESTAET TO BE LEASED BY THE HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Candelaria Secretary | Officer | 5 | $0 |
Becky Auge Treasurer | Officer | 5 | $0 |
Sean Calvert President | Officer | 5 | $0 |
Melissa Gomez Director | Officer | 2 | $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 | $463,694 |
| 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 | $463,694 |
| 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 | $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 | $0 |
| 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 | $136,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,644 |
| Insurance | $1,645 |
| All other expenses | $68,934 |
| Total functional expenses | $312,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,264 |
| 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 | $11,585 |
| Net Land, buildings, and equipment | $3,976,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,347,702 |
| 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 | $0 |
| Secured mortgages and notes payable | $2,749,098 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $377,884 |
| Total liabilities | $3,126,982 |
| Net assets without donor restrictions | $2,220,720 |
| 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 | $5,347,702 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ace Leadership High School Foundation has recieved totaling $900.
| Awarding Organization | Amount |
|---|---|
Nm Building Education Foundation Albuquerque, NM PURPOSE: EDUCATION & SCHOOL ASSISTANCE | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |