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Education : Scholarship and Financial Support

ACE Scholarships

Every child deserves a great education

four stars

96.25

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

Board Leadership
Pete Leavell
Chair

CEO
Norton Rainey
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 96.25 four stars
  Financial 94.71 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2017 and includes data from FY2015, 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 operates in Colorado, Montana and Louisiana.

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 operates in Colorado, Montana and Louisiana.

Financial

four stars

94.71

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2017 and includes data from FY2015, 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)
84.0%
  Administrative Expenses 4.4%
  Fundraising Expenses 11.4%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.07
  Program Expenses Growth 18.1%
  Liabilities to Assets 4.6%
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) 96.25 four stars
Folds of Honor (OK) 86.84 three stars
10,000 Degrees (CA) 92.29 four stars
Great Aspirations Scholarship Program (VA) 94.34 four stars
Step Up For Students (FL) 98.23 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,277,955
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $3,205,264
   Related Organizations $0
   Government Grants $0
Total Contributions $10,483,219
   Program Service Revenue $0
Total Primary Revenue $10,483,219
   Other Revenue $-130,271
TOTAL REVENUE $10,352,948
   
EXPENSES  
   Program Expenses $7,694,211
   Administrative Expenses $431,956
   Fundraising Expenses $1,077,052
TOTAL FUNCTIONAL EXPENSES $9,203,219
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,149,729
   
Net Assets $8,493,058

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 $7,694,211 100.0%

Ratings History
ACE Scholarships has received 5 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

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).

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Compensation % of Expenses Paid to Title
$218,404 2.37% Norton Rainey Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
ACE Scholarships (CO) 96.25 four stars
Special Operations Warrior Foundation (FL) 96.46 four stars
Horatio Alger Association of Distinguished Americans (VA) 92.26 four stars
Jewish Tuition Organization (AZ) 86.84 three stars
The BISON Children's Scholarship Fund (NY) 95.03 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

Pete Leavell
Chair

CEO

Norton Rainey
President & CEO

[ X ]

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