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Education : Scholarship and Financial Support

ACE Scholarships

Every child deserves a great education

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Impact Information is available from our partner, GuideStar

four stars

96.35

1201 East Colfax Avenue Suite 302
Denver, CO 80218
tel: (303) 573-1603   Web Site
EIN: 84-1531066

Board Leadership
Geoff Bailey
Chair

CEO
Norton Rainey
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 96.35 four stars
  Financial 94.85 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.

ACE Scholarships was founded in 2000 to provide scholarships to children from low-income families in grades K-12, and to advocate for more choice for parents. With support from private individuals, corporations and foundations, ACE levels the playing field for children from low-income families by providing 50% of private school tuition, with a maximum of $2,000 per year for grades K-8 and $3,000 for high school. ACE provides scholarships to children in Arkansas, Colorado, Kansas, Louisiana, Missouri, Montana,Texas and Wyoming.

ACE Scholarships was founded in 2000 to provide scholarships to children from low-income families in grades K-12, and to advocate for more choice for parents. With support from private individuals, corporations and foundations, ACE levels the playing field for children from low-income families by providing 50% of private school tuition, with a maximum of $2,000 per year for grades K-8 and $3,000 for high school. ACE provides scholarships to children in Arkansas, Colorado, Kansas, Louisiana, Missouri, Montana,Texas and Wyoming.

Impact Information

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This impact information is current as of October 2018, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

94.85

Accountability & Transparency

four stars

100.00

This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.5%
  Administrative Expenses 4.8%
  Fundraising Expenses 10.6%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.02
  Program Expenses Growth 21.7%
  Liabilities to Assets 6.2%
All data for Financial Performance Metrics calculations was provided by ACE Scholarships on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by ACE Scholarships on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
ACE Scholarships (CO) 96.35 four stars
Children's Scholarship Fund (NY) 89.39 three stars
The BISON Children's Scholarship Fund (NY) 96.77 four stars
National Medical Fellowships (NY) 89.53 three stars
Daniel Murphy Scholarship Fund (IL) 90.96 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,469,816
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $3,592,788
   Related Organizations $0
   Government Grants $0
Total Contributions $14,062,604
   Program Service Revenue $0
Total Primary Revenue $14,062,604
   Other Revenue $-16,378
TOTAL REVENUE $14,046,226
   
EXPENSES  
   Program Expenses $10,798,387
   Administrative Expenses $605,206
   Fundraising Expenses $1,098,989
TOTAL FUNCTIONAL EXPENSES $12,502,582
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,543,644
   
Net Assets $10,013,569

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $10,798,387 100.0%

Ratings History
ACE Scholarships has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 05/01/2018 96.35 four stars
2015-12 07/01/2017 96.25 four stars
2014-12 06/01/2016 97.19 four stars
 
CN 2.0
2013-12 08/01/2015 95.00 four stars
2012-12 03/01/2015 97.22 four stars
2012-12 05/01/2014 94.32 four stars
2011-12 03/01/2013 95.26 four stars
2010-12 04/01/2012 89.92 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 84-1531066
Name in IRS Master File ALLIANCE FOR CHOICE IN EDUCATION
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$289,169 2.31% Norton Rainey President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
ACE Scholarships (CO) 96.35 four stars
The BISON Children's Scholarship Fund (NY) 96.77 four stars
Catholic Education Arizona (AZ) 86.79 three stars
Pardes Institute of Jewish Studies, North America (NY) 87.65 three stars
Horatio Alger Association of Distinguished Americans (VA) 92.38 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

ACE Scholarships
1201 East Colfax Avenue
Suite 302
Denver, CO 80218
tel: (303) 573-1603
fax: (720) 266-6798
EIN: 84-1531066

Visit Web Site

Board Leadership

Geoff Bailey
Chair

CEO

Norton Rainey
President & CEO

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