Ace Leadership High School Foundation
- Assets
- $5.9m
- Revenue
- $376.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/2014
- Data as of
- 06/2024
- 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 06/2024, Ace Leadership High School Foundation generated $376.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $565.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
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 |
|---|---|---|---|
Angela Lerner President | 1 | $0 | |
Dawn Esquibel Treasurer | 1 | $0 | |
Alan Brauer Director | 1 | $0 | |
Jaqlyn Baldwin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $376,541 |
| Total Revenue | $376,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $114,529 |
| Taxes | $18,513 |
| Depreciation | $201,139 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,624 |
| Total operating and administrative expenses | $375,132 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $565,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $654,749 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $406,124 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,381 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,033,505 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,831,372 |
| Other assets | $0 |
| Total assets | $5,931,131 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,761,495 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,729,645 |
| Other liabilities | $374,008 |
| Total liabilities | $3,865,148 |