Nonprofit · EIN 32-0407024
A C E ACADEMY
Tax-exempt (reinstated) · HARRISBURG, NC 28075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,546,565 | $7,130,190 | -$583,625 | $9,598,951 | $8,664,221 | $934,730 |
| June 30, 2024 | 990 | $5,645,946 | $5,770,105 | -$124,159 | $7,142,652 | $6,487,048 | $655,604 |
| June 30, 2023 | 990 | $5,616,760 | $5,611,391 | $5,369 | $7,500,939 | $6,721,176 | $779,763 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,090,519
- of which government grants
- $6,081,467
- Program service revenue
- $122,220
- Investment income
- $238,877
- Other revenue
- $94,949
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,827
- Other salaries and wages
- $3,186,280
- Salaries, compensation and benefits (total)
- $4,015,328
- Professional fundraising fees
- $0
- Legal fees
- $348,115
- Accounting fees
- $126,090
- Occupancy
- $80,618
- Travel
- $28,884
- Depreciation
- $230,949
- Program services (functional)
- $4,792,159
- Management and general (functional)
- $2,338,031
Balance sheet and other
- Total assets, start of year
- $7,142,652
- Total assets, end of year
- $9,598,951
- Total liabilities, end of year
- $8,664,221
- Net assets, end of year
- $934,730
- Land, buildings and equipment
- $5,004,076
- Net assets without donor restrictions
- -$1,915,540
- Net assets with donor restrictions
- $2,850,270
- Gross receipts
- $6,546,565
- Employees
- 100
- Volunteers
- 6
- Year formed
- 2012
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAILA MINOTT | EXECUTIVE DIRECTOR Officer | 60 | $146,827 |
| SHANNON MARTIN | SCHOOL DIRECTOR Highest-paid employee | 40 | $107,701 |
| TERRY CLINE | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| CHARRIS TORRENCE | BOARD MEMBER Trustee or director | 2 | $0 |
| DIONNA GRAHAM | BOARD MEMBER Trustee or director | 2 | $0 |
| CHYNCIA RODGERS | BOARD MEMBER Trustee or director | 2 | $0 |
| KENDRIC BEST | BOARD MEMBER Trustee or director | 2 | $0 |
| JOYCE FIGUEAROA | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAILA MINOTT | EXECUTIVE DIRECTOR Officer | 60 | $136,127 |
| CHARRIS TORRENCE | MEMBER Trustee or director | 2 | $0 |
| TERRY CLINE | CHAIR Trustee or director, Officer | 2 | $0 |
| DIONNA GRAHAM | MEMBER Trustee or director | 2 | $0 |
| CHYNCIA RODGERS | MEMBER Trustee or director | 2 | $0 |
| KENDRIC BEST | MEMBER Trustee or director | 2 | $0 |
| JOYCE FIGUEAROA | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAILA MINOTT | EXECUTIVE DI Officer | 60 | $133,559 |
| KENDRIC BEST | MEMBER Trustee or director | 2 | $0 |
| TERRY CLINE | CHAIR Trustee or director, Officer | 2 | $0 |
| JOYCE FIGUEAROA | MEMBER Trustee or director | 2 | $0 |
| DIONNA GRAHAM | MEMBER Trustee or director | 2 | $0 |
| CHYNCIA RODGERS | MEMBER Trustee or director | 2 | $0 |
| ADOLPHE THORPE | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7807 CALDWELL RD, HARRISBURG, NC 28075-7460
- In care of
- % LAILA MINOTT
- Principal officer (990 for 2024)
- LAILA MINOTT, 7807 CALDWELL ROAD, HARRISBURG, NC 28075
- Signed the 990
- LAILA MINOTT, EXECUTIVE DIRECTOR
- Phone
- (704) 456-7153
- Website
- WWW.ACEACADEMYCHARTER.ORG
- Return prepared by
- SHARPE PATEL CPA
Mission
ACE ACADEMY WILL EQUIP STUDENTS FROM ALL BACKGROUNDS TO SUCCEED IN THE COLLEGE AND CAREER OF THEIR CHOICE BY DRIVING ACADEMIC EXCELLENCE, DEVELOPING A STRONG MINDSET, AND INSTILLING AN ENTREPRENEURIAL MINDSET.
Program accomplishments
- A.C.E. ACADEMY IS A PUBLIC, TUITION-FREE K-8 CHARTER SCHOOL DEDICATED TO PREPARING STUDENTS FOR SUCCESS IN HIGH SCHOOL AND BEYOND.Expenses $4,792,159 · revenue $217,169
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0407024
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $9,598,951
- Income (IRS master file)
- $6,546,565
Revocation and reinstatement
- Exemption revoked
- December 15, 2015
- Posted by the IRS
- April 11, 2016
- Reinstated
- Effective December 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,546,565 | $7,130,190 | $9,598,951 | IRS |
| 990 | June 2024 | $5,645,946 | $5,770,105 | $7,142,652 | IRS |
| 990 | June 2023 | $5,616,760 | $5,611,391 | $7,500,939 | XML |
| 990 | June 2022 | $5,341,670 | $5,541,111 | $20,004,076 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0407024).
Questions about A C E ACADEMY
- What is the EIN of A C E ACADEMY?
- The employer identification number (EIN) of A C E ACADEMY is 32-0407024.
- Is A C E ACADEMY tax-exempt?
- Yes. The IRS revoked its exemption on December 15, 2015 and reinstated it effective December 15, 2015.
- Are donations to A C E ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does A C E ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of A C E ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did A C E ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of A C E ACADEMY?
- The 990 for the year ended June 30, 2025 names LAILA MINOTT.
- Who are the officers and directors of A C E ACADEMY?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $146,827 (LAILA MINOTT, EXECUTIVE DIRECTOR).
- How much revenue does A C E ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,546,565, expenses of $7,130,190 and total assets of $9,598,951 at year end.
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