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Nonprofiteer
← ALLIANCE CENTER FOR EDUCATION INC

Form 990 for tax year 2022

Filed by ALLIANCE CENTER FOR EDUCATION INC.

Totals

Total revenue
$9,656,987
Total expenses
$9,941,270
Contributions and grants received
$9,483,636
Grants paid
$0
Program service revenue
$172,575
Investment income
$776
Other revenue
$0
Total assets, end of year
$4,956,730
Total liabilities, end of year
$1,785,908
Net assets or fund balances, end of year
$3,170,822
Program services expenses (Part IX)
$8,457,180
Management and general expenses
$1,484,090
Fundraising expenses
$0
Program service expenses (Part III)
$8,457,180

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $9,346,358

  • 1f · All other contributions, gifts and grants

    $137,278

  • 2a · Program service revenue: FUNDRAISING

    total $172,575 · related or exempt $172,575

  • 3 · Investment income

    total $776 · related or exempt $776

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,009,549 · program services $5,047,916 · management and general $961,633

  • 9 · Other employee benefits

    total $1,087,343 · program services $965,062 · management and general $122,281

  • 13 · Office expenses

    total $58,440 · program services $36,504 · management and general $21,936

  • 20 · Interest

    total $31,765 · management and general $31,765

  • 22 · Depreciation, depletion and amortization

    total $162,388 · program services $102,994 · management and general $59,394

  • 23 · Insurance

    total $87,575 · program services $63,657 · management and general $23,918

  • 24a · Other expenses: FACILITIES

    total $718,100 · program services $715,461 · management and general $2,639

  • 24b · Other expenses: SUPPLIES

    total $392,524 · program services $379,432 · management and general $13,092

  • 24c · Other expenses: CONTRACTUAL SERVICES

    total $287,392 · program services $287,392

  • 24d · Other expenses: TRAINING

    total $259,235 · program services $201,925 · management and general $57,310

  • 24e · All other expenses

    total $846,959 · program services $656,837 · management and general $190,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,230,495 · end of year $3,076,902

  • 3 · Pledges and grants receivable

    beginning of year $209,150 · end of year $501,871

  • 4 · Accounts receivable

    beginning of year $29,187 · end of year $214,697

  • 10a · Land, buildings and equipment: cost or other basis

    $2,329,099

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,392,320

  • 10c · Land, buildings and equipment, net

    beginning of year $1,099,167 · end of year $936,779

  • 11 · Investments: publicly traded securities

    beginning of year $168,828 · end of year $152,802

  • 15 · Other assets

    beginning of year $61,901 · end of year $73,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $358,862 · end of year $813,873

  • 19 · Deferred revenue

    beginning of year $3,839 · end of year $51,958

  • 23 · Secured mortgages and notes payable

    beginning of year $980,922 · end of year $920,077

  • 27 · Net assets without donor restrictions

    beginning of year $3,171,767 · end of year $2,912,506

  • 28 · Net assets with donor restrictions

    beginning of year $283,338 · end of year $258,316

Mission and programs · 2022

Mission

OUR MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION AND SUPPORT FOR CHILDREN IN NEED THROUGH PARTNERSHIP WITH THEIR FAMILIES. OUR VISION IS TO POSITIVELY AFFECT THE FUTURE OF CHILDREN AT RISK BY IMPROVING ECONOMIC MOBILITY THROUGH EDUCATION. WE FIRMLY BELIEVE THAT EDUCATION IS A POWERFUL CATALYST FOR BREAKING THE CYCLE OF POVERTY. BY INVESTING IN FAMILY ENGAGEMENT AND OFFERING HOLISTIC SUPPORT, WE ARE PAVING THE WAY FOR A BRIGHTER FUTURE, WHERE EVERY CHILD HAS THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL. TOGETHER, WE ARE BUILDING A BRIDGE TO SUCCESS, ONE FAMILY AT A TIME. OUR PROGRAMS ARE A BEACON OF HOPE, OFFERED TO ELIGIBLE CHILDREN AND FAMILIES AT NO COST. TO ENSURE TARGETED IMPACT, WE EMPLOY A METICULOUS RECRUITMENT,SELECTION, AND ENROLLMENT PROCESS, REACHING THE POPULATIONS IN GREATEST NEED OF OUR SERVICES. UPON ENROLLMENT, EACH FAMILY RECEIVES PERSONALIZED SUPPORT FROM OUR DEDICATED TEAM MEMBERS. TOGETHER, THEY SET AMBITIOUS STUDENT AND FAMILY GOALS, AND WE LEAVE NO STONE UNTURNED

  • THE ALLIANCE CENTER FOR EDUCATION, AC4ED, IS DRIVEN BY A VISION-ENSURE THAT A FAMILY'S INCOME DOES NOT DICTATE A CHILD'S FUTURE. OUR MISSION IS TO PROVIDE HIGH-QUIALITY EDUCATION AND SUPPORT CHILDREN IN NEED THROUGH PARTNERSHIP WITH THEIR FAMILIES. OUR EARLY CHILDHOOD PROGRAM, MODELED AFTER THE HIGHLY EFEECTIVE HEAD START APPROACH, PROVIDES A COMPREHENSIVE RANGE OF SERVICES, FROM EDUCATION TO HOME VISITATION FOR EXPECTANT MOTHERS AND CHILDREN AGED BIRTH TO 5. OUR HOLISTIC APPROACH FOSTERS EARLY LEARNING AND DEVELOPMENT, HEALTH, AND FAMILY WELL-BEING, PAVING THE THE WAY FOR A BRIGHTER FUTURE. THROUGH STRATEGIC PARTNERSHIPS AND COMMITMENT, WE HAVE WITNESSED TRANSFORMATIVE OUTCOMES IN THE LIVES OF COUNTLESS CHILDREN AND FAMILIES. THE EARLY CHILDHOOD EDUCATION PROGRAMS ARE FUNDED BY FEDERAL GRANTS FROM HEAD START, EARLY HEAD START AND MUNICIPAL GRANTS FROM MECK PRE-K AND NC PRE-K.

    Expenses $6,947,565 · Grants $7,887,247

  • AT THE ALLIANCE CENTER FOR EDUCATION, WE OFFER A DYNAMIC CONTINUUM OF SERVICES TO SUPPORT CHILDREN'S TRANSITION FROM PRE-KNDERGARTEN TO THEIR K- 12 SCHOOL YEARS. OUR OUT OF SCHOOL TIME (OST) PROGRAM IS AVAILABLE THROUGHOUT THE ACADEMIC YEAR AND SUMMER CAMP, PROVIDING ENGAGING AND ENRICHING EXPERIENCES BEYOND REGULAR SCHOOL HOURS. OUR KINDERGARTEN-5TH GRADE OST PROGRAM FOSTERS A LOVE FOR LEARNING IN CHILDREN BY EXPLORING VARIOUS SUBJECTS, INCLUDING MATH, ART, SCIENCE, MUSIC, AND NUTRITION, THROUGH FUN LEARN-AT-PLAY ACTIVITIES IN THE AFTERNOON. OUR DEDICATED OST EDUCATIONAL PROFESSIONALS ALSO PROVIDE HOMEWORK HELP AND TUTORING TO KEEP SCHOOLWORK ON TRACK. WE ENSURE STUDENTS HAVE OPPORTUNITIES FOR PHYSICAL FITNESS ACTIVITIES, SPECIAL EVENTS, ARTS AND CRAFTS, AND FIELD TRIPS, ENCOURAGING THEIR CONTINUED PARTICIPATION YEAR AFTER YEAR. ADDITIONALLY, OUR 6TH GRADE-12TH OST- AC4ED TEEN LEADERSHIP COOPERATIVE PROGRAM IS DESIGNED AS A SOCIAL LEARNING ENVIRONMENT TO EQUIP STUDENTS ENTERING THEIR TEENS WITH CRITICAL THINKING SKILLS THAT WILL SERVE THEM FOR A LIFETIME. APART FROM TUTORING AND HOMEWORK ASSISTANCE, OUR OST EDUCATIONAL PROFESSIONALS MENTOR AC4ED STUDENTS IN PERSONAL DEVELOPMENT, CHARACTER EDUCATION, GOAL-SETTING, TIME MANAGEMENT, FINANCIAL PLANNING, UNDERSTANDING VARIOUS CAREER OPPORTUNITIES, AND CONSIDERING COLLEGE OPTIONS AND TOURS. TO CREATE A BALANCED EDUCATIONAL EXPERIENCE, WE INCOPORATE GUEST SPEAKERS, FIELD TRIPS,SPECIAL EVENTS AND EXPLORATION IN ARTS, MUSIC, AND NUTRITION SCIENCES. WE ARE PROUD TO SUPPORT THESE PROGRAMS THROUGH MUNICIPAL ADN CORPORATE GRANTS, ALONG WITH FUNDRAISING ACTIVITIES.

    Expenses $134,484

  • WITH AN UNWAVERING COMMITMENT SPANNING OVER 80 YEARS, AC4ED HAS BEEN AN INTERGAL PART OF CHARLOTTE'S MOST UNDER-RESOURCED COMMUNITIES. AS CHARLOTTE'S LANDSCAPE HAS EVOLVED, SO HAS AC4ED, ADAPTING THROUGH STRATEGIC GROWTH AND COLLABORATIONS TO CONTINUE OUR VITAL MISSION OF SERVING THE CHILDREN AND FAMILIES WHO NEED US MOST.

    Expenses $1,375,131 · Grants $1,459,111 · Revenue $172,575

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JARED KEATON

    CEO

    Total calculated
    $181,963
    From this org
    $181,963
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,963
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $181,963

  • BRIAN LUCKADOO

    CFO

    Total calculated
    $109,363
    From this org
    $109,363
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • WILIAM MCDONALD

    FORMER CEO

    Total calculated
    $101,041
    From this org
    $101,041
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $23,184
    Bonus
    not reported
    Other
    $77,857
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $101,041

  • ALEXANDRIA ADDISON

    DIRECTOR

    Total calculated
    $0

  • MAUDRE ADDISON

    DIRECTOR

    Total calculated
    $0

  • ANDY BELK

    DIRECTOR

    Total calculated
    $0

  • SCOTT BURNS

    DIRECTOR

    Total calculated
    $0

  • BISHOP KEN CARTER

    DIRECTOR

    Total calculated
    $0

  • SAMANTHA DUNBAR

    DIRECTOR

    Total calculated
    $0

  • STEPHANIE DUNN

    DIRECTOR

    Total calculated
    $0

  • BARBARA HOLT

    DIRECTOR

    Total calculated
    $0

  • KIM LANGSTAFF

    DIRECTOR

    Total calculated
    $0

  • JORGE MANJARRES

    DIRECTOR

    Total calculated
    $0

  • MICHELENE MATHEWS

    DIRECTOR

    Total calculated
    $0

  • REV DANIEL PEZET

    DIRECTOR

    Total calculated
    $0

  • CHRIS SHANAHAN

    DIRECTOR

    Total calculated
    $0

  • JOANIE STROHM

    DIRECTOR

    Total calculated
    $0

  • NANCY WARD

    DIRECTOR

    Total calculated
    $0

  • RONDA WILLIAMS

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 August 2023
IRS schema version
2022v5.0
Source object
202332229349301338

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