Ace Academy

Nonprofit profile at a glance

EIN
812983424
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Seattle, WA, USA
Phone
4255244889
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$1,058,412
Expenses
$1,278,308
Assets
$17,576
Liabilities
$159,062

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • WILLIE SEALS (President)
  • MARCUS HARDEN (Vice President)

Highest reported compensation

  • CLARENCE DANCER (COO): $111,427 total reported compensation
  • WILLIE SEALS (President): $111,427 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

ACE is built on the premise of serving men from historically under-served populations. Specifically targeting African American, African Diaspora, Latino/Hispanic, Pacific Islander, and Native American males. At ACE, young men will learn compassion and understanding, a strong educational and cultural foundation, the value of perseverance and determination, and how to use their individual talents for the greater good in their community. Young men of ACE will be able to answer the existential question of "Who Am I?" with a resounding answer of, "I AM EXELLENCE!".

What it reported doing in 2024

Summary of Program Service Accomplishments for the Year Summer Learning Experience Program We provided a four week summer program for 25 middle school students. The students participated in STEM, humanities, math, financial literacy, field trips, health and wellness and social/emotional development. Career Pathways We provided career connected internships for 55 high school and college young men with BIPOC owned businesses. Along with paid internships, the young men participated in college and career workshops. The workshops provided career skills building along with how to access postsecondary opportunities. Youth Organized Mental Health Education (YOMHE) Four young men developed a mental health awareness presentation. The young men presented this information to 200 youth throughout the city. Black Educator Institute (BEI) BEI is our Black Educator support program. Through this program we provide professional development workshops, social gatherings, the Black Male Educator Summit, classroom supplies and lesson plans. This year over 150 educators participated in our professional development workshops and 55 Black male educators attended our Black Male Educator Summit. Day of Excellence Day of Excellence Is our community centered health and wellness event. This year, we partnered with Black Men Run over 50 community members participated in a 5K Walk/Run fundraiser. The funds raised went directly towards our scholarships. STEM Day - We partnered with a local civil engineering firm to host a STEM Day at our office. We invited 50 youth to engage in hands-on STEM activities. Scholarships We provide $1,000 renewable scholarships for graduating seniors and continuing college students. This year we awarded 7 new scholarships and renewed 5 with a total of 12 scholarships awarded this year. General Community Support We provide space for 15 other non-profit organizations that needed a place to meet, have workshops or other gatherings. After a shooting at one of the local high school, we provided a healing circle and other supports for the football coaching staff.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 90
  • Accountability: 14
  • Sustainability: 7
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.4%; rating input score 74
  • Program expense ratio: 61.6%; rating input score 62
  • Fundraising efficiency: $6.24 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -20.8%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 9.05; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 17.4%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 19% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 25.3% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 16.6% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 74.4% of revenue deployed · 61.6% of spending went to programs
  • Governance: 0 of 3 board members independent · 3 of 9 filing controls reported
  • Programs: 7 filed program accomplishments · $787K in reported program spending
  • Leadership: top reported pay $111K · 3 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 23/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.