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Nonprofiteer
← ACE SERVICES

Form 990 for tax year 2024

Filed by ACE SERVICES.

Totals

Total revenue
$4,948,000
Total expenses
$1,662,503
Contributions and grants received
$4,948,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,693,200
Total liabilities, end of year
$407,703
Net assets or fund balances, end of year
$3,285,497
Program services expenses (Part IX)
$1,383,663
Management and general expenses
$144,883
Fundraising expenses
$133,957
Program service expenses (Part III)
$1,383,663

Program services were 83.2% 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.

  • 1d · Related organizations

    $4,948,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $407,703 · program services $128,863 · management and general $144,883 · fundraising $133,957

  • 24a · Other expenses: EDUCATION SUPPORT PROGR

    total $1,254,800 · program services $1,254,800

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $200,000

  • 14 · Intangible assets

    beginning of year $0 · end of year $3,493,200

  • 25 · Other liabilities

    beginning of year $0 · end of year $407,703

  • 27 · Net assets without donor restrictions

    end of year $3,285,497

Mission and programs · 2024

Mission

THE ORGANIZATION WILL ADVANCE THE CHARITABLE PURPOSES OF ACE SCHOLARSHIPS OF PROVIDING EDUCATION AND EDUCATIONAL OPPORTUNITIES AND SCHOLARSHIPS FOR DISADVANTAGED YOUTH.

  • THE ORGANIZATION CONTRACTS WITH VARIOUS STATE AND LOCAL GOVERNMENT AGENCIES TO ADMINISTER THEIR EDUCATION SAVINGS ACCOUNT PROGRAMS.

    Expenses $1,383,663

As filed on the 2024 return.

Listed in Part VII

  • Norton Rainey

    CEO

    Total calculated
    $596,201
    From this org
    $0
    From related orgs
    $558,871
    Other
    $37,330
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,371 related
    Bonus
    $0 + $141,500 related
    Other
    $0
    Deferred
    $0 + $16,661 related
    Nontaxable benefits
    $0 + $20,669 related
    Filer's total
    $0 + $596,201 related

  • Mike Pritchard

    CFO

    Total calculated
    $357,894
    From this org
    $0
    From related orgs
    $317,548
    Other
    $40,346
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,548 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $19,500 related
    Nontaxable benefits
    $0 + $20,846 related
    Filer's total
    $0 + $357,894 related

  • Jason Difraia

    PRESIDENT

    Total calculated
    $505,039
    From this org
    $0
    From related orgs
    $467,548
    Other
    $37,491
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,548 related
    Bonus
    $0 + $129,000 related
    Other
    $0
    Deferred
    $0 + $16,645 related
    Nontaxable benefits
    $0 + $20,846 related
    Filer's total
    $0 + $505,039 related

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE CEO, PRESIDENT AND CFO WAS ESTABLISHED AND PAID BY ALLIANCE FOR CHOICE IN EDUCATION, THE SUPPORTED ORGANIZATION. ACE USED THE FOLLOWING TO ESTABLISH COMPENSATION; (1) COMPENSATION COMMITTEE; (2) FORM 990 OF OTHER ORGANIZATIONS; (3) COMPENSATION SURVEY OR STUDY; (4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349313671

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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