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Education : Scholarship and Financial Support (Fundraising)

ACE Scholarships

Every child deserves a great education

97.19

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 97.19
  Financial 97.41
  Accountability & Transparency 97.00
This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

97.41

Accountability & Transparency

97.00

This rating was published 06/01/2016 and includes data from FY2014, 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)
84.7%
  Administrative Expenses 4.2%
  Fundraising Expenses 11.0%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.11
  Program Expenses Growth 16.1%
  Liabilities to Assets 6.1%
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) 97.19
The Lyford Cay Foundation (NY) 85.41
Carson Scholars Fund (MD) 91.81
American Indian Services (UT) 86.56
Great Aspirations Scholarship Program (VA) 92.21

Compare These Charities (Highly Rated)

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.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,380,089
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,668,369
   Related Organizations $0
   Government Grants $0
Total Contributions $9,048,458
   Program Service Revenue $0
Total Primary Revenue $9,048,458
   Other Revenue $-85,362
TOTAL REVENUE $8,963,096
   
EXPENSES  
   Program Expenses $6,252,227
   Administrative Expenses $368,931
   Fundraising Expenses $940,270
TOTAL FUNCTIONAL EXPENSES $7,561,428
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,401,668
   
Net Assets $7,395,820

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 $6,252,227 100.0%

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

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

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, 2014
  • December, 2013
  • December, 2012
  • December, 2011
  • December, 2010

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
$268,192 3.54% Norton Rainey Executive Director

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
ACE Scholarships (CO) 97.19
Children's Scholarship Fund (NY) 91.16
The Posse Foundation (NY) 91.45
Pardes Institute of Jewish Studies, North America (NY) 89.32
I Have A Dream Foundation - Los Angeles (CA) 93.34

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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