2024-05-14T08:46:56-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-07-01 841531066 ALLIANCE FOR CHOICE IN EDUCATION ALLI 3035731603 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 MIKE PRITCHARD CFO 3034070628 2024-05-13 1 MIKE PRITCHARD 999009999 1 RYAN C HARRIS P00614618 3037409400 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ACE SCHOLARSHIPS NORTON RAINEY 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 88537021 0 X WWW.ACESCHOLARSHIPS.ORG X 2000 CO THE ORGANIZATION'S MISSION IS TO PROVIDE LOWER-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE. 13 13 46 60 0 0 25738703 54188067 0 0 -76647 982375 -339798 -407087 25322258 54763355 9287 30634746 0 0 2141892 5509157 0 0 4388140 2230186 4983290 4381365 41127193 20940893 13636162 72358317 86558830 652815 1106298 71705502 85452532 X 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. 0 0 34884910 30634746 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. 34884910 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 41 0 1 46 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AR KS UT NM MS X X MIKE PRITCHARD 3034070628 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 JOE SMITH CHAIRMAN 1.00 X X 0 0 0 TOM ZANECCHIA TREASURER 1.00 X X 0 0 0 SCOTT MCLEAN DIRECTOR 1.00 X X 0 0 0 LISA WALSH VICE CHAIRMAN 1.00 X X 0 0 0 JERRY SOMMER DIRECTOR 1.00 X 0 0 0 ALEX CRANBERG DIRECTOR 1.00 X 0 0 0 ERIC KOEPLIN DIRECTOR 1.00 X 0 0 0 MATT TURNER SECRETARY 1.00 X X 0 0 0 MIKE WARD DIRECTOR 1.00 X 0 0 0 BERT WILLIAMS DIRECTOR 1.00 X 0 0 0 LIZ WRIGHT DIRECTOR 1.00 X 0 0 0 RICK SCHMITZ DIRECTOR 1.00 X 0 0 0 DEBORAH FLORA DIRECTOR 1.00 X 0 0 0 NORTON RAINEY CEO 40.00 X 409023 0 40993 KAREN FARRAND CHIEF FINANCIAL OFFICER 40.00 X 252649 0 25641 JASON DIFRAIA 82022 PRESIDENT 40.00 X 117407 0 11936 MELISSA LANDRY PRESIDENT, LOUISIANA 40.00 X 200038 0 4375 ERIK BILLINGER WESTERN REGIONAL PRESIDENT 40.00 X 175821 0 40210 BRITTANI O'BRIEN VP OF DEVELOPMENT, CO 40.00 X 166937 0 24464 SHARON ROGERS VP OF DEVELOPMENT, HOUSTON 40.00 X 152350 0 48280 MIKE COLEMAN CHIEF PROGRAM OFFICER 40.00 X 181161 0 14414 1655386 0 210313 8 0 1 0 ZENO FUNDRAISING SOLUTIONS 215 MAIN ST SAUSALITO CA 94965 CONSULTANT 144391 1 3856350 50331717 743943 54188067 991177 991177 33179438 33188240 -8802 -8802 -8802 155025 3856350 585426 -430401 -430401 MISCELLANEOUS INCOME 900099 23314 23314 23314 54763355 0 0 575288 30634746 30634746 1262461 405797 415369 441295 3483237 1436650 573417 1473170 111533 43268 10671 57594 330747 125896 62791 142060 321179 121049 65791 134339 64601 64601 68025 68025 496823 496823 62129 62129 1512126 697988 210682 603456 1326000 275010 1050990 171095 75857 27446 67792 270199 125237 81189 63773 147626 68672 44649 34305 325949 149152 37870 138927 53475 30897 7462 15116 31525 14675 9548 7302 43539 20268 13186 10085 COMMUNITY OUTREACH 131823 131823 INKIND CONTRIBUTIONS 130945 130945 CREDIT CARD FEES 72144 72144 PROFESSIONAL DEVELOPMEN 56251 25993 16799 13459 19015 5109 10374 3532 41127193 34884910 1854143 4388140 33038525 3045554 19274841 71294067 19765273 11602599 142177 149440 307347 210584 132501 96763 5000 370407 72358317 86558830 508561 621380 144254 484918 652815 1106298 X 4977056 17580686 66728446 67871846 71705502 85452532 72358317 86558830 X 13636162 121748 -10880 X 0 1 X 1 0 X 30930283 37550416 34271055 25738703 54188067 182678524 30930283 37550416 34271055 25738703 54188067 182678524 20303212 162375312 162253 180632 69124 28531 991177 1431717 4873 500 12248 9414 23314 50349 184160590 0.88170 0.88460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 4,873. 2019 AMOUNT: $ 500. 2020 AMOUNT: $ 12,248. 2021 AMOUNT: $ 9,414. 2022 AMOUNT: $ 23,314. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34778 462045 496823 36676924 37173747 1000000 250000 0 0 1000000 1000000 292929 1000000 3292929 4939394 258437 324080 200415 496823 1279755 250000 250000 73232 250000 823232 1234848 15576 21736 14029 34778 86119 126250 49616 76634 56005 36520 19485 125092 124448 644 96763 LEASE LIABILITIES 484918 484918 55470529 121748 585426 707174 54763355 0 54763355 41723499 596306 596306 41127193 0 41127193 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 585,426. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM UNCOLLECTIBLE PROMISES TO GIVE 10,880. SPECIAL EVENT EXPENSES 585,426. COLORADO ANNUAL LUNCHEON 3858296 3751196 107100 97163 204600 98052 COLORADO LOBSTER BAKE 85579 54829 30750 4000 91983 8000 15863 1 67500 50325 17175 11769 14424 21200 18372 4011375 3856350 155025 15769 203570 233800 132287 585426 -430401 1 SCHOLARSHIPS 10651 30634746 PART I, LINE 2: DONORS WHO GIVE RESTRICTED GIFTS FOR SPECIFIC ACE PARTNER SCHOOLS RECEIVE A LETTER FROM ACE EXPLAINING THAT, IF THE NEED ARISES AT ANY TIME OR THE BOARD OF DIRECTORS SEES FIT, ACE RESERVES THE RIGHT TO REDIRECT FUNDS FOR ANOTHER PROGRAM PURPOSE. DONORS ARE ASKED TO NOTIFY ACE IF THIS ARRANGEMENT IS NOT ACCEPTABLE. FOR STUDENTS IN ARKANSAS, COLORADO, DELAWARE, KANSAS, LOUISIANA, MISSISSIPPI, MISSOURI, MONTANA, NEW MEXICO, TEXAS, UTAH, AND WYOMING: TO ASSIST RECIPIENTS WITH THE COST OF OBTAINING AN EDUCATION AT EITHER A PRIVATE OR PAROCHIAL SCHOOL (AS DEFINED IN SEC. 170(B)(1)(II)). THE SCHOLARSHIPS ARE ADVERTISED THROUGHOUT THE SCHOOL. SCHOLARSHIP RECIPIENTS ARE SELECTED THROUGH AN APPLICATION PROCESS, WHERE APPLICATIONS ARE SUBMITTED THROUGH THE SCHOOL THE STUDENT WISHES TO ATTEND. THE SCHOOL IS ALLOWED A SPECIFIC NUMBER OF SCHOLARSHIPS DEPENDING ON SEVERAL DATA POINTS DETERMINED BY ACE STAFF AND THE PROGRAM COMMITTEE. THE SCHOOL SELECTS THE STUDENTS TO SUBMIT APPLICATIONS. ACE STAFF THEN VERIFIES ELIGIBILITY. THE ACE PROGRAM COMMITTEE HAS FINAL AUTHORITY ON SCHOLARSHIP ALLOCATIONS. IN THE FALL AND SPRING, FOLLOWING CONFIRMATION OF STUDENT ENROLLMENT, PAYMENTS ARE MADE TO EACH SCHOOL VIA ELECTRONIC FUND TRANSFERS FOR THE TOTAL AMOUNT OF THE SCHOLARSHIP FUNDING FOR THAT SCHOOL. FOR STUDENTS IN LOUISIANA: ACE IS A STATE-APPROVED SCHOOL TUITION ORGANIZATION IN THE LOUISIANA TUITION DONATION CREDIT PROGRAM, AND AWARDS SCHOLARSHIPS TO QUALIFIED STUDENTS IN LOUISIANA IN ADHERENCE TO STATE STATUTE AND RULES AND REGULATIONS PUBLISHED BY THE LOUISIANA DEPARTMENT OF EDUCATION. THE SCHOLARSHIP CHECKS ARE WRITTEN TO THE STUDENT'S PARENTS ON A QUARTERLY BASIS. BEFORE SENDING THE CHECKS TO THE PARENTS, ACE CONFIRMS WITH THE STUDENT'S SCHOOL THAT THE STUDENT IS STILL ENROLLED. THUS, ACE IS ABLE TO ENSURE THAT THE SCHOLARSHIP FUNDS ARE USED FOR THEIR INTENDED PURPOSE. FOR STUDENTS IN KANSAS SGO: ACE IS A STATE-APPROVED SCHOLARSHIP GRANTING ORGANIZATION IN THE TAX CREDIT FOR LOW INCOME STUDENTS SCHOLARSHIP PROGRAM (2016 K.S.A.72-99A 01-07), AND AWARDS SCHOLARSHIPS IN ADHERENCE TO STATE STATUTE, RULES AND REGULATIONS PUBLISHED BY THE KANSAS STATE DEPARTMENT OF EDUCATION. IN THE FALL AND SPRING, FOLLOWING CONFIRMATION OF STUDENT ENROLLMENT, PAYMENTS ARE MADE TO EACH SCHOOL VIA ELECTRONIC FUND TRANSFERS OR CHECK FOR THE TOTAL AMOUNT OF THE SCHOLARSHIP FUNDING FOR THAT SCHOOL. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 NORTON RAINEY CEO 298923 0 110100 0 0 0 11691 0 29302 0 450016 0 0 0 KAREN FARRAND CHIEF FINANCIAL OFFICER 180000 0 72649 0 0 0 13681 0 11960 0 278290 0 0 0 ERIK BILLINGER WESTERN REGIONAL PRESIDENT 132939 0 42882 0 0 0 10973 0 29237 0 216031 0 0 0 MELISSA LANDRY PRESIDENT, LOUISIANA 179938 0 20100 0 0 0 4375 0 0 0 204413 0 0 0 SHARON ROGERS VP OF DEVELOPMENT, HOUSTON 132165 0 20185 0 0 0 9486 0 38794 0 200630 0 0 0 MIKE COLEMAN CHIEF PROGRAM OFFICER 151061 0 30100 0 0 0 5431 0 8983 0 195575 0 0 0 BRITTANI O'BRIEN VP OF DEVELOPMENT, CO 136419 0 30518 0 0 0 10231 0 14233 0 191401 0 0 0 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. X 28 612998 FMV X FUNDRAISING EVENTS SUPPORT 8 130945 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL. THE BOARD MEMBERS RECEIVE A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER RECEIVES A COPY OF THE CONFLICT OF INTEREST POLICY AND SIGNS A DISCLOSURE STATING THAT THEY HAVE READ, UNDERSTAND AND WILL COMPLY WITH THE POLICY. ANNUAL CONFIRMATIONS WITH THE BOARD ARE CONDUCTED. IF ANY CONFLICT EXISTS, THE BOARD MEMBER LEAVES THE MEETING WHILE THE ISSUE IS ADDRESSED AND RECUSES HIMSELF FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE PROVIDES A COMPREHENSIVE ANNUAL PERFORMANCE, GOAL, AND COMPENSATION REVIEW OF THE PRESIDENT AND CEO. COMPENSATION IS DIRECTLY TIED TO GOAL ACHIEVEMENT AND IS BENCHMARKED AGAINST LIKE-ORGANIZATIONS OF SIMILAR SIZE. THE FINANCE COMMITTEE MAKES THE FINAL COMPENSATION DETERMINATION AND ISSUES A LETTER THAT OUTLINES ANY ACTIONS OR CHANGES APPROVED BY THE BOARD. THIS LETTER IS PLACED IN THE PRESIDENT AND CEO'S EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 AT ITS DISCRETION, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM UNCOLLECTIBLE PROMISES TO GIVE -10,880. ACE SCHOLARSHIPS LOUISIANA 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 471533890 EDUCATION LA 9445479 13837491 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS KANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813539170 EDUCATION CO 925896 471311 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MONTANA 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813502397 EDUCATION CO 2694708 3334537 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS COLORADO 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813521769 EDUCATION CO 12803272 29254563 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS TEXAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 820652790 EDUCATION CO 4303075 4353622 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS WYOMING 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 814044609 EDUCATION CO 586174 1755354 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MISSOURI 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 821829357 EDUCATION CO 355137 351362 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS SGO KANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 822440191 EDUCATION CO 1305075 1699163 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS ARKANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 825366674 EDUCATION CO 5771999 10471839 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MISSISSIPPI 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 821829357 EDUCATION CO 295833 279449 ALLIANCE FOR CHOICE IN EDUCATION FORM 990, SCHEDULE R, PART I ACE ARKANSAS WAS FOUNDED IN 2018 AND HAS ESTABLISHED PARTNERSHIPS WITH 94 PRIVATE SCHOOLS. TO DATE, 5,879 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $15 MILLION. ACE COLORADO WAS FOUNDED IN 2000 AND HAS ESTABLISHED PARTNERSHIPS WITH 174 PRIVATE SCHOOLS. TO DATE, 35,541 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $82 MILLION. ACE DELAWARE WAS FOUNDED IN 2023 AND HAS ESTABLISHED PARTNERSHIPS WITH 23 PRIVATE SCHOOLS. TO DATE, 958 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $4 MILLION. ACE TEXAS WAS FOUNDED IN 2017 AND HAS ESTABLISHED PARTNERSHIPS WITH 238 PRIVATE SCHOOLS. TO DATE, 6,618 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $15 MILLION. ACE LOUISIANA WAS FOUNDED IN 2014 AND HAS ESTABLISHED PARTNERSHIPS WITH 193 PRIVATE SCHOOLS. TO DATE, 13,849 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $58 MILLION. ACE MONTANA WAS FOUNDED IN 2012 AND HAS ESTABLISHED PARTNERSHIPS WITH 76 PRIVATE SCHOOLS. TO DATE, 9,360 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $19 MILLION. ACE MISSOURI WAS FOUNDED IN 2017 AND HAS ESTABLISHED PARTNERSHIPS WITH 38 PRIVATE SCHOOLS. TO DATE, 645 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $1.6 MILLION. ACE KANSAS WAS FOUNDED IN 2015 AND HAS ESTABLISHED PARTNERSHIPS WITH 72 PRIVATE SCHOOLS. TO DATE, 2,991 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $7 MILLION. ACE WYOMING WAS FOUNDED IN 2016 AND HAS ESTABLISHED PARTNERSHIPS WITH 31 PRIVATE SCHOOLS. TO DATE, 1,307 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $3 MILLION. ACE NEW MEXICO WAS FOUNDED IN 2022 AND HAS ESTABLISHED PARTNERSHIPS WITH 34 PRIVATE SCHOOLS. TO DATE, 605 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $1.6 MILLION. ACE UTAH WAS FOUNDED IN 2022 AND HAS ESTABLISHED PARTNERSHIPS WITH 26 PRIVATE SCHOOLS. TO DATE, 429 STUDENT SCHOLARSHIPS HAVE BEEN PROVIDED TOTALING MORE THAN $1 MILLION.