Nonprofit · EIN 41-2108698
ACES EDUCATION FOUNDATION INC
Tax-exempt · WALLINGFORD, CT 06492
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $148,483 | $106,608 | $41,875 | $208,630 | $0 | $208,630 |
| June 30, 2024 | 990-EZ | $162,485 | $133,554 | $28,931 | $177,324 | $5 | $177,319 |
| June 30, 2023 | 990 | $168,443 | $122,999 | $45,444 | $148,588 | $200 | $148,388 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $102,085
- Program service revenue
- $0
- Investment income
- $5,890
- Net income from fundraising events
- $20,124
- Other revenue
- $40,508
Expenses
- Grants and similar amounts paid
- $4,000
- Other salaries and wages
- $12,835
- Salaries, compensation and benefits (total)
- $12,835
- Professional fundraising fees
- $0
- Accounting fees
- $2,689
- Travel
- $450
- Program services (functional)
- $55,304
- Management and general (functional)
- $51,304
Balance sheet and other
- Total assets, start of year
- $177,324
- Total assets, end of year
- $208,630
- Total liabilities, end of year
- $0
- Net assets, end of year
- $208,630
- Net assets with donor restrictions
- $208,630
- Gross receipts
- $191,378
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1981
- State of legal domicile
- CT
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 |
|---|---|---|---|
| CAROL BUNK | DIRECTOR Officer | 2 | $0 |
| ROBERT COX | DIRECTOR Officer | 2 | $0 |
| THOMAS M DANEHY | DIRECTOR Officer | 2 | $0 |
| GINA DRURY | DIRECTOR Officer | 2 | $0 |
| SONIA KAMINSKY | DIRECTOR Officer | 2 | $0 |
| DAVID LITVINOFF | DIRECTOR Officer | 2 | $0 |
| MICHAEL O'MALLEY | DIRECTOR Officer | 2 | $0 |
| NICHOLAS ONNEMBO | DIRECTOR Officer | 2 | $0 |
| JUDY TERRILL | DIRECTOR Officer | 2 | $0 |
| STEWART TOSH | DIRECTOR Officer | 2 | $0 |
| PETER C YOUNG | DIRECTOR Officer | 2 | $0 |
990-EZ for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES BARBER | DIRECTOR | 2 | $0 |
| THOMAS M DANEHY | DIRECTOR | 2 | $0 |
| CAROL BUNK | DIRECTOR | 2 | $0 |
| GINA DRURY | DIRECTOR | 2 | $0 |
| KAREN DUBOIS | DIRECTOR | 2 | $0 |
| STEPHEN J HEGEDUS | DIRECTOR | 2 | $0 |
| STEWART TOSH | DIRECTOR | 2 | $0 |
| DAVID LITVINOFF | DIRECTOR | 2 | $0 |
| MICHAEL O'MALLEY | DIRECTOR | 2 | $0 |
| NICHOLAS ONNEMBO | DIRECTOR | 2 | $0 |
| CHERYL S SALOOM | DIRECTOR | 2 | $0 |
| JUDY TERRILL | DIRECTOR | 2 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES BARBER | DIRECTOR Officer | 2 | $0 |
| THOMAS M DANEHY | DIRECTOR Officer | 2 | $0 |
| CAROL BUNK | DIRECTOR Officer | 2 | $0 |
| GINA DRURY | DIRECTOR Officer | 2 | $0 |
| KAREN DUBOIS | DIRECTOR Officer | 2 | $0 |
| STEPHEN J HEGEDUS | DIRECTOR Officer | 2 | $0 |
| STEWART TOSH | DIRECTOR Officer | 2 | $0 |
| DAVID LITVINOFF | DIRECTOR Officer | 2 | $0 |
| MICHAEL O'MALLEY | DIRECTOR Officer | 2 | $0 |
| NICHOLAS ONNEMBO | DIRECTOR Officer | 2 | $0 |
| CHERYL S SALOOM | DIRECTOR Officer | 2 | $0 |
| JUDY TERRILL | DIRECTOR Officer | 2 | $0 |
| PETER C YOUNG | DIRECTOR Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 577, WALLINGFORD, CT 06492-0577
- In care of
- % CHERYL SALOOM
- Principal officer (990 for 2024)
- PETER C YOUNG, PO BOX 577, WALLINGFORD, CT 06492
- Signed the 990
- PETER C YOUNG, DIRECTOR
- Phone
- (203) 498-6800
- Return prepared by
- NOVAK FRANCELLA LLC
Mission
ADVANCE ACES EDUCATIONAL PROGRAMS
Program accomplishments
- SINCE INCEPTION, ACES FOUNDATION HAS RAISED MORE THAN $800,000, BENEFITING OVER 3,000 ACES STUDENTS AND FAMILIES.Expenses $55,304 · grants $4,000
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-EZ on file |
IRS record
- EIN
- 41-2108698
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T202)
- Assets (IRS master file)
- $208,630
- Income (IRS master file)
- $191,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $148,483 | $106,608 | $208,630 | IRS |
| 990-EZ | June 2024 | $162,485 | $133,554 | $177,324 | IRS |
| 990 | June 2023 | $168,443 | $122,999 | $148,588 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 41-2108698).
Questions about ACES EDUCATION FOUNDATION INC
- What is the EIN of ACES EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of ACES EDUCATION FOUNDATION INC is 41-2108698.
- Is ACES EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to ACES EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACES EDUCATION FOUNDATION INC 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 ACES EDUCATION FOUNDATION INC 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 ACES EDUCATION FOUNDATION INC 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 ACES EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names PETER C YOUNG.
- Who are the officers and directors of ACES EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does ACES EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $148,483, expenses of $106,608 and total assets of $208,630 at year end.
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