Education : Scholarship and Financial Support

ACE Scholarships

Every child deserves a great education

impact data icon

Impact Information is available from our partner, GuideStar

four stars

96.66

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 96.66 four stars
  Financial 97.50 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 07/01/2019 and includes data from FY2017, 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

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Total in 2018
Total dollar amount of scholarship awarded
17,999,200
This impact information is current as of September 2019, 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

97.50

Accountability & Transparency

four stars

96.00

This rating was published 07/01/2019 and includes data from FY2017, 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)
85.0%
  Administrative Expenses 3.4%
  Fundraising Expenses 11.5%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 1.48
  Program Expenses Growth 31.1%
  Liabilities to Assets 2.0%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $22,528,017
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $3,283,421
   Related Organizations $0
   Government Grants $0
Total Contributions $25,811,438
   Program Service Revenue $0
Total Primary Revenue $25,811,438
   Other Revenue $-127,568
TOTAL REVENUE $25,683,870
   
EXPENSES  
   Program Expenses $14,095,187
   Administrative Expenses $279,978
   Fundraising Expenses $2,244,789
TOTAL FUNCTIONAL EXPENSES $16,619,954
   
Payments to Affiliates $0
Excess (or Deficit) for the year $9,063,916
   
Net Assets $18,984,114

Charts

Compensation % of Expenses Paid to Title
$307,830 1.85% Norton Rainey President, CEO

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
ACE Scholarships (CO) 96.66 four stars
Take Stock in Children (FL) 90.41 four stars
Tri-County Scholarship Fund (NJ) 95.06 four stars
Woodrow Wilson National Fellowship Foundation (NJ) 87.50 three stars
Children's Scholarship Fund (NY) 94.47 four stars

Compare These Charities (Highly Rated)

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