2022-08-24T14:53:15-05:00 2021-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2021-01-01 841531066 ALLIANCE FOR CHOICE IN EDUCATION ALLI 3035731603 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 GINA DIMATTEO CFO 3034070628 2022-08-22 1 GINA DIMATTEO 999009999 RYAN C HARRIS P00614618 3037409400 2022-08-22 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ACE SCHOLARSHIPS NORTON RAINEY 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 34438152 0 X WWW.ACESCHOLARSHIPS.ORG X 2000 CO THE ORGANIZATION'S MISSION IS TO PROVIDE LOW-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE. 11 11 47 60 0 0 37550416 34271055 0 0 180632 69124 500 -301729 37731548 34038450 17646567 19708327 0 0 4424809 4297847 0 0 2993230 2327432 3313846 24398808 27320020 13332740 6718430 54754743 60249872 10531879 9465363 44222864 50784509 X THE ORGANIZATION'S MISSION IS TO PROVIDE CHILDREN OF LOW-INCOME FAMILIES WITH SCHOLARSHIPS TO PRIVATE SCHOOLS IN GRADES K-12 AND TO ADVOCATE FOR EXPANDED SCHOOL CHOICE. 0 0 23036945 19708327 ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, MONTANA, KANSAS, TEXAS, WYOMING, ARKANSAS, AND MISSOURI, AND A TAX-CREDIT SCHOLARSHIP PROGRAM IN LOUISIANA AND KANSAS (SGO). 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. CONTINUED ON SCHEDULE O.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. 23036945 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 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 30 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AR KS UT NM X X KAREN FARRAND 3034070628 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 JOE SMITH CHAIRMAN 1.00 0.00 X X 0 0 0 TOM ZANECCHIA TREASURER 1.00 0.00 X X 0 0 0 LINDSAY BROWN DIRECTOR 1.00 0.00 X 0 0 0 LISA WALSH VICE CHAIRMAN (BEG. 10/2021) 1.00 0.00 X X 0 0 0 JERRY SOMMER DIRECTOR 1.00 0.00 X 0 0 0 ALEX CRANBERG DIRECTOR 1.00 0.00 X 0 0 0 ERIC KOEPLIN DIRECTOR (BEG. 10/2021) 1.00 0.00 X 0 0 0 MATT TURNER SECRETARY 1.00 0.00 X X 0 0 0 MIKE WARD DIRECTOR 1.00 0.00 X 0 0 0 BERT WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 LIZ WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 NORTON RAINEY PRESIDENT & CEO 40.00 0.00 X 414170 0 43526 JONATHAN TEE CHIEF OPERATING OFFICER 40.00 0.00 X 232445 0 9101 DAVID VANDE CASTILLE CHIEF OPERATING OFFICER 40.00 0.00 X 164046 0 8438 GINA DIMATTEO CHIEF FINANCIAL OFFICER 40.00 0.00 X 143132 0 14076 KAREN FARRAND CHIEF FINANCIAL OFFICER (BEG 5/2021) 40.00 0.00 X 79432 0 6775 ARTHUR DUPRE VP OF DEVELOPMENT, LOUISIANA 40.00 0.00 X 187985 0 29692 ERIK BILLINGER VP OF DEVELOPMENT CO 40.00 0.00 X 128613 0 31269 BRITTANI O'BRIEN VP OF DEVELOPMENT CO 40.00 0.00 X 146394 0 18139 SHARON RODGERS VP OF DEVELOPMENT, HOUSTON 40.00 0.00 X 148819 0 31858 JR HOLLAND VP OF DEVELOPMENT, DALLAS 40.00 0.00 X 114713 0 26619 1759749 0 219493 10 0 1 0 WESTMEATH GLOBAL COMMUNICATIONS 217 HIDDEN VALLEY LN CASTLE ROCK CO 80108 MARKETING 147052 PIN BUSINESS NETWORK 6200 S SYRACUSE WAY 125 GREENWOOD VILLAGE CO 80111 MARKETING 140500 ROGUE PRODUCTIONS 17301 W COLFAX AVENUE SUITE 210 GOLDEN CO 80401 MARKETING 100375 3 3846446 625300 29799309 515103 34271055 69124 69124 85725 3846446 399702 -313977 -313977 MISC INCOME 900099 12248 12248 12248 34038450 0 0 -232605 608480 608480 19099847 19099847 1115142 321439 371991 421712 2454759 1250256 268258 936245 95077 44380 8232 42465 414265 199771 71001 143493 218604 96930 38952 82722 100527 100527 56225 56225 324080 324080 8770 8770 480364 326653 148143 5568 1453388 354455 1098933 156702 74264 33986 48452 197992 100271 40053 57668 130769 69744 31512 29513 145990 67048 11073 67869 25638 12057 2946 10635 29655 16489 7050 6116 24172 13534 6179 4459 COMMUNITY OUTREACH 36249 36249 143325 20998 84947 37380 27320020 23036945 1289845 2993230 2878491 7049546 34534351 39861724 17112292 12853852 191558 262719 273921 167545 31461 106376 6590 115655 54754743 60249872 1200226 676393 8706353 8650057 625300 138913 10531879 9465363 X 5300749 5667567 38922115 45116942 44222864 50784509 54754743 60249872 X 6718430 -46309 -110476 X 0 1 X 1 0 X 25811438 38826108 30930283 37550416 34271055 167389300 25811438 38826108 30930283 37550416 34271055 167389300 22421139 144968161 7138 16018 162253 180632 69124 435165 4873 500 12248 17621 167842086 0.86370 0.87170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 4,873. 2020 AMOUNT: $ 500. 2021 AMOUNT: $ 12,248. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21736 302344 324080 23993940 24318020 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 50425 161843 258437 324080 794785 250000 250000 250000 250000 1000000 1500000 13200 19872 15576 21736 70384 98550 7073 91477 125092 124378 714 50279 36094 14185 106376 DEFERRED RENT 138913 138913 34412523 -46309 20680 399702 374073 34038450 0 34038450 27850878 20680 510178 530858 27320020 0 27320020 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 399,702. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM UNCOLLECTIBLE PROMISES TO GIVE 110,476. SPECIAL EVENT EXPENSES 399,702. COLORADO ANNUAL LUNCHEON 3671447 3598322 73125 22300 60000 177000 76200 HOUSTON ANNUAL LUNCHEON 260724 248124 12600 5030 16660 18000 24512 3932171 3846446 85725 27330 76660 195000 100712 399702 -313977 1 FOSTER'S OUTRIDERS FOUNDATION PO BOX 9790 JACKSON WY 83001 862364547 501(C)(3) 10000 0 DONATION ST LABRE NATIVE AMERICAN SCHOOL 112 CAMPUS DRIVE ASHLAND MT 59003 810244542 501(C)(3) 80000 0 ST. LABRE PRESCHOOL AT LAME DEER CENTRAL DENVER CLASSICAL HIGH SCHOOL 6160 S SYRACUSE WAY SUITE 220 GREENWOOD VILLAGE CO 80111 871489254 501(C)(3) 250000 0 SCHOOL ASSISTANCE BISHOP MACHEBEUF HIGH SCHOOL 458 UNITA WAY DENER CO 80230 841490220 501(C)(3) 250000 0 SCHOOL ASSISTANCE ROCKHURST HIGH SCHOOL 9301 STATE LINE ROAD KANSAS CITY MO 64114 440662501 501(C)(3) 8000 0 SCHOOL ASSISTANCE 5 SCHOLARSHIPS 6704 19099847 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, KANSAS, LOUISIANA, MISSOURI, MONTANA, TEXAS, 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 PRESIDENT & CEO 298172 0 115998 0 0 0 16795 0 26731 0 457696 0 0 0 JONATHAN TEE CHIEF OPERATING OFFICER 72145 0 160300 0 0 0 3799 0 5302 0 241546 0 0 0 ARTHUR DUPRE VP OF DEVELOPMENT, LOUISIANA 137985 0 50000 0 0 0 11909 0 17783 0 217677 0 0 0 SHARON RODGERS VP OF DEVELOPMENT, HOUSTON 128734 0 20085 0 0 0 9277 0 22581 0 180677 0 0 0 DAVID VANDE CASTILLE CHIEF OPERATING OFFICER 164046 0 0 0 0 0 1688 0 6750 0 172484 0 0 0 BRITTANI O'BRIEN VP OF DEVELOPMENT CO 126894 0 19500 0 0 0 7838 0 10301 0 164533 0 0 0 ERIK BILLINGER VP OF DEVELOPMENT CO 118613 0 10000 0 0 0 8138 0 23131 0 159882 0 0 0 GINA DIMATTEO CHIEF FINANCIAL OFFICER 70630 0 72502 0 0 0 6279 0 7797 0 157208 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS MEMBERSHIP DUES TO A GOLF CLUB FOR NORTON RAINEY. THE CLUB MEMBERSHIP IS USED BY MR. RAINEY FOR FUNDRAISING PURPOSES FOR ACE. IF THERE IS ANY PERSONAL USE OF THE CLUB MEMBERSHIP BY MR. RAINEY, HE REIMBURSES 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 25 515103 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 ANNE MCCARTHY SERVED AS CHIEF MARKETING OFFICER. SHE WAS PAID THROUGH HER FIRM, WESTMEATH GLOBAL COMMUNICATION, A TOTAL OF $187,131. 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 -110,476. ACE SCHOLARSHIPS LOUISIANA 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 471533890 EDUCATION LA 7008346 19005114 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS KANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813539170 EDUCATION CO 250150 750982 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MONTANA 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813502397 EDUCATION CO 2904097 2716286 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS COLORADO 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813521769 EDUCATION CO 12627230 13574766 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS TEXAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 820652790 EDUCATION CO 2290969 3412328 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS WYOMING 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 814044609 EDUCATION CO 374000 1370174 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MISSOURI 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 821829357 EDUCATION CO 494532 409861 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS SGO KANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 822440191 EDUCATION CO 1020823 1429863 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS ARKANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 825366674 EDUCATION CO 1245442 6751578 ALLIANCE FOR CHOICE IN EDUCATION