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Nonprofiteer
← ACE SCHOLARSHIPS ALLIANCE FOR CHOICE IN EDUCATION

Form 990 for tax year 2022

Filed by ACE SCHOLARSHIPS ALLIANCE FOR CHOICE IN EDUCATION.

Totals

Total revenue
$54,763,355
Total expenses
$41,127,193
Contributions and grants received
$54,188,067
Grants paid
$30,634,746
Program service revenue
$0
Investment income
$982,375
Other revenue
-$407,087
Total assets, end of year
$86,558,830
Total liabilities, end of year
$1,106,298
Net assets or fund balances, end of year
$85,452,532
Program services expenses (Part IX)
$34,884,910
Management and general expenses
$1,854,143
Fundraising expenses
$4,388,140
Program service expenses (Part III)
$34,884,910

Program services were 84.8% 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.

  • 1c · Fundraising events

    $3,856,350

  • 1f · All other contributions, gifts and grants

    $50,331,717

  • 1g · Noncash contributions included above

    $743,943

  • 3 · Investment income

    total $991,177 · excluded $991,177

  • 7a · Gross sales of assets other than inventory

    securities $33,179,438

  • 7b · Less cost or other basis and sales expenses

    securities $33,188,240

  • 7c · Gain or loss

    securities -$8,802

  • 7d · Net gain or loss

    total -$8,802 · excluded -$8,802

  • 8a · Fundraising events: gross income

    $155,025

  • 8a · Fundraising events: contributions included on line 1c

    $3,856,350

  • 8b · Fundraising events: direct expenses

    $585,426

  • 8c · Net income from fundraising events

    total -$430,401 · excluded -$430,401

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $23,314 · excluded $23,314

  • 11e · Other revenue, total

    $23,314

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $30,634,746 · program services $30,634,746

  • 5 · Compensation of officers, directors and key employees

    total $1,262,461 · program services $405,797 · management and general $415,369 · fundraising $441,295

  • 7 · Other salaries and wages

    total $3,483,237 · program services $1,436,650 · management and general $573,417 · fundraising $1,473,170

  • 8 · Pension plan contributions

    total $111,533 · program services $43,268 · management and general $10,671 · fundraising $57,594

  • 9 · Other employee benefits

    total $330,747 · program services $125,896 · management and general $62,791 · fundraising $142,060

  • 10 · Payroll taxes

    total $321,179 · program services $121,049 · management and general $65,791 · fundraising $134,339

  • 11b · Fees: legal

    total $64,601 · management and general $64,601

  • 11c · Fees: accounting

    total $68,025 · management and general $68,025

  • 11d · Fees: lobbying

    total $496,823 · program services $496,823

  • 11f · Fees: investment management

    total $62,129 · management and general $62,129

  • 11g · Fees: other

    total $1,512,126 · program services $697,988 · management and general $210,682 · fundraising $603,456

  • 12 · Advertising and promotion

    total $1,326,000 · program services $275,010 · fundraising $1,050,990

  • 13 · Office expenses

    total $171,095 · program services $75,857 · management and general $27,446 · fundraising $67,792

  • 14 · Information technology

    total $270,199 · program services $125,237 · management and general $81,189 · fundraising $63,773

  • 16 · Occupancy

    total $147,626 · program services $68,672 · management and general $44,649 · fundraising $34,305

  • 17 · Travel

    total $325,949 · program services $149,152 · management and general $37,870 · fundraising $138,927

  • 19 · Conferences, conventions and meetings

    total $53,475 · program services $30,897 · management and general $7,462 · fundraising $15,116

  • 22 · Depreciation, depletion and amortization

    total $31,525 · program services $14,675 · management and general $9,548 · fundraising $7,302

  • 23 · Insurance

    total $43,539 · program services $20,268 · management and general $13,186 · fundraising $10,085

  • 24a · Other expenses: COMMUNITY OUTREACH

    total $131,823 · program services $131,823

  • 24b · Other expenses: INKIND CONTRIBUTIONS

    total $130,945 · fundraising $130,945

  • 24c · Other expenses: CREDIT CARD FEES

    total $72,144 · management and general $72,144

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $56,251 · program services $25,993 · management and general $16,799 · fundraising $13,459

  • 24e · All other expenses

    total $19,015 · program services $5,109 · management and general $10,374 · fundraising $3,532

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,038,525 · end of year $3,045,554

  • 2 · Savings and temporary cash investments

    beginning of year $19,274,841 · end of year $71,294,067

  • 3 · Pledges and grants receivable

    beginning of year $19,765,273 · end of year $11,602,599

  • 9 · Prepaid expenses and deferred charges

    beginning of year $142,177 · end of year $149,440

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

    $307,347

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

    $210,584

  • 10c · Land, buildings and equipment, net

    beginning of year $132,501 · end of year $96,763

  • 15 · Other assets

    beginning of year $5,000 · end of year $370,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $508,561 · end of year $621,380

  • 25 · Other liabilities

    beginning of year $144,254 · end of year $484,918

  • 27 · Net assets without donor restrictions

    beginning of year $4,977,056 · end of year $17,580,686

  • 28 · Net assets with donor restrictions

    beginning of year $66,728,446 · end of year $67,871,846

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE CHILDREN OF LOWER-INCOME FAMILIES WITH SCHOLARSHIPS TO PRIVATE SCHOOLS IN GRADES K-12 AND TO ADVOCATE FOR EXPANDED SCHOOL CHOICE.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO PROVIDE LOWER-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE.

  • ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, MONTANA, KANSAS, TEXAS, WYOMING, ARKANSAS, DELAWARE, NEW MEXICO, UTAH, MISSISSIPPI AND MISSOURI, AND A TAX CREDIT SCHOLARSHIP PROGRAM IN LOUISIANA, ARKANSAS, MONTANA AND KANSAS (SGO). (CONTINUED ON SCHEDULE O.) ACE'S PRIVATE PROGRAM AWARDS SCHOLARSHIPS TO CHILDREN FROM LOW-INCOME FAMILIES WANTING PRIVATE SCHOOLING FROM KINDERGARTEN TO HIGH SCHOOL. LOW-INCOME IS DEFINED IN ACCORDANCE WITH THE FEDERAL POVERTY GUIDELINES. POLICIES AND PROCEDURES ADMINISTERING THE PRIVATE SCHOLARSHIP PROGRAM ARE REVIEWED AND APPROVED BY THE ACE PROGRAM COMMITTEE. ACE ALSO SERVES AS A STATE-APPROVED SCHOOL TUITION ORGANIZATION IN THE LOUISIANA TUITION DONATION TAX CREDIT PROGRAM AND AWARDS SCHOLARSHIPS TO QUALIFIED STUDENTS IN ADHERENCE TO STATE STATUTES AND RULES AND REGULATIONS PUBLISHED BY THE LOUISIANA DEPARTMENT OF EDUCATION. ACE IS ALSO REGISTERED AS A SCHOLARSHIP GRANTING ORGANIZATION (SGO) WITHIN KANSAS TAX CREDIT PROGRAM AND STUDENT SCHOLARSHIP ORGANIZATION (SSO) WITHIN MONTANA TAX CREDIT PROGRAM.

    Expenses $34,884,910 · Grants $30,634,746

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

Listed in Part VII

  • Joe Smith

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Tom Zanecchia

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Scott McLean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Walsh

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jerry Sommer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Cranberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Koeplin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Turner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bert Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Schmitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Flora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Norton Rainey

    CEO

    Total calculated
    $450,016
    From this org
    $409,023
    From related orgs
    $0
    Other
    $40,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,923
    Bonus
    $110,100
    Other
    $0
    Deferred
    $11,691
    Nontaxable benefits
    $29,302
    Filer's total
    $450,016

  • Karen Farrand

    CHIEF FINANCIAL OFFICER

    Total calculated
    $278,290
    From this org
    $252,649
    From related orgs
    $0
    Other
    $25,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $72,649
    Other
    $0
    Deferred
    $13,681
    Nontaxable benefits
    $11,960
    Filer's total
    $278,290

  • Jason Difraia 82022

    PRESIDENT

    Total calculated
    $129,343
    From this org
    $117,407
    From related orgs
    $0
    Other
    $11,936
    Hours/week
    40

  • Melissa Landry

    PRESIDENT, LOUISIANA

    Total calculated
    $204,413
    From this org
    $200,038
    From related orgs
    $0
    Other
    $4,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,938
    Bonus
    $20,100
    Other
    $0
    Deferred
    $4,375
    Nontaxable benefits
    $0
    Filer's total
    $204,413

  • Erik Billinger

    WESTERN REGIONAL PRESIDENT

    Total calculated
    $216,031
    From this org
    $175,821
    From related orgs
    $0
    Other
    $40,210
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,939
    Bonus
    $42,882
    Other
    $0
    Deferred
    $10,973
    Nontaxable benefits
    $29,237
    Filer's total
    $216,031

  • Brittani O'Brien

    VP OF DEVELOPMENT, CO

    Total calculated
    $191,401
    From this org
    $166,937
    From related orgs
    $0
    Other
    $24,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,419
    Bonus
    $30,518
    Other
    $0
    Deferred
    $10,231
    Nontaxable benefits
    $14,233
    Filer's total
    $191,401

  • Sharon Rogers

    VP OF DEVELOPMENT, HOUSTON

    Total calculated
    $200,630
    From this org
    $152,350
    From related orgs
    $0
    Other
    $48,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,165
    Bonus
    $20,185
    Other
    $0
    Deferred
    $9,486
    Nontaxable benefits
    $38,794
    Filer's total
    $200,630

  • Mike Coleman

    CHIEF PROGRAM OFFICER

    Total calculated
    $195,575
    From this org
    $181,161
    From related orgs
    $0
    Other
    $14,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,061
    Bonus
    $30,100
    Other
    $0
    Deferred
    $5,431
    Nontaxable benefits
    $8,983
    Filer's total
    $195,575

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PAYS MEMBERSHIP DUES TO A GOLF CLUB FOR DEVELOPMENT STAFF. THE CLUB MEMBERSHIP IS USED BY DEVELOPMENT STAFF FOR FUNDRAISING PURPOSES FOR ACE. IF THERE IS ANY PERSONAL USE OF THE CLUB MEMBERSHIP BY STAFF, THEY REIMBURSE ACE FOR THOSE COSTS.
PART I, LINE 7
THE AMOUNT OF THE BONUS FOR THE PRESIDENT AND CEO IS DETERMINED AT THE DISCRETION OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES A POTENTIAL BONUS POOL AS PART OF THE ANNUAL BUDGET. IF IT'S DECIDED THAT EMPLOYEE BONUSES WILL BE AWARDED, THEY ARE DETERMINED BY ACE'S EXECUTIVE TEAM.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ACE SCHOLARSHIPS LOUISIANA

    EDUCATION · LA · income $9,445,479 · assets $13,837,491

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS KANSAS

    EDUCATION · CO · income $925,896 · assets $471,311

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS MONTANA

    EDUCATION · CO · income $2,694,708 · assets $3,334,537

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS COLORADO

    EDUCATION · CO · income $12,803,272 · assets $29,254,563

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS TEXAS

    EDUCATION · CO · income $4,303,075 · assets $4,353,622

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS WYOMING

    EDUCATION · CO · income $586,174 · assets $1,755,354

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS MISSOURI

    EDUCATION · CO · income $355,137 · assets $351,362

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS SGO KANSAS

    EDUCATION · CO · income $1,305,075 · assets $1,699,163

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS ARKANSAS

    EDUCATION · CO · income $5,771,999 · assets $10,471,839

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

  • ACE SCHOLARSHIPS MISSISSIPPI

    EDUCATION · CO · income $295,833 · assets $279,449

    Directly controlled by ALLIANCE FOR CHOICE IN EDUCATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349302256

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