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Education : Scholarship and Financial Support

ACE Scholarships

Every child deserves a great education

94.69

5251 DTC Pkwy Suite 1150
Greenwood Village, CO 80111
tel: (303) 573-1603   Web Site
EIN: 84-1531066

Board Leadership
Joe Smith
Chairman

CEO
Norton Rainey
President & CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 94.69
  Financial 92.50
  Accountability & Transparency 100.00
This rating was published 09/01/2021 and includes data from FY2019, 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.

Financial

92.50

Accountability & Transparency

100.00

This rating was published 09/01/2021 and includes data from FY2019, 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)
85.5%
  Administrative Expenses 2.6%
  Fundraising Expenses 11.7%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.27
  Program Expenses Growth 26.2%
  Liabilities to Assets 25.8%
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) 94.69
Extra Mile Education Foundation (PA) 87.68
UNCF (DC) 87.97
Denver Scholarship Foundation (CO) 90.68
Alliance for Education (WA) 85.44

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $26,404,332
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $4,525,951
   Related Organizations $0
   Government Grants $0
Total Contributions $30,930,283
   Program Service Revenue $0
Total Primary Revenue $30,930,283
   Other Revenue $-4,380
TOTAL REVENUE $30,925,903
   
EXPENSES  
   Program Expenses $21,709,538
   Administrative Expenses $850,006
   Fundraising Expenses $3,623,230
TOTAL FUNCTIONAL EXPENSES $26,182,774
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,743,129
   
Net Assets $31,336,191

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 $21,709,538 100.0%

Ratings History
ACE Scholarships has received 9 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 09/01/2021 94.69
2018-12 06/01/2020 92.74
2017-12 07/01/2019 96.66
2016-12 05/01/2018 96.35
2015-12 07/01/2017 96.25
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, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$404,769 1.54% Norton Rainey President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
ACE Scholarships (CO) 94.69
North Carolina Agricultural Foundation (NC) 92.22
UNCF (DC) 87.97
Sentinels of Freedom Scholarship Foundation (CA) 85.81
American Indian Services (UT) 96.00

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

ACE Scholarships
5251 DTC Pkwy
Suite 1150
Greenwood Village, CO 80111
tel: (303) 573-1603
fax: (720) 266-6798
EIN: 84-1531066

Visit Web Site

Board Leadership

Joe Smith
Chairman

CEO

Norton Rainey
President & CEO

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