2021-10-15T12:15:36-05:00 2020-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2020-01-01 841531066 ALLIANCE FOR CHOICE IN EDUCATION ALLI 3035731603 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 GINA DIMATTEO CFO 3034070628 2021-10-13 1 GINA DIMATTEO 999009999 RYAN C HARRIS P00614618 3037409400 2021-10-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X ACE SCHOLARSHIPS NORTON RAINEY 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 37731548 0 X WWW.ACESCHOLARSHIPS.ORG X 2000 CO THE ORGANIZATION'S MISSION IS TO PROVIDE LOW-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE. 10 10 39 60 0 0 30930283 37550416 0 0 159160 180632 -163540 500 30925903 37731548 18987570 17646567 0 0 4270456 4424809 0 0 3246515 2924748 2327432 26182774 24398808 4743129 13332740 42275327 54754743 10939136 10531879 31336191 44222864 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 20278179 17646567 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). SEE 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. 20278179 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 26 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AR KS X X KAREN FARRAND 3034070628 5251 DTC PARKWAY SUITE 1150 GREENWOOD VILLAGE CO 80111 JOE SMITH CHAIR 1.00 X X 0 0 0 LIZ WRIGHT VICE CHAIR 1.00 X X 0 0 0 MIKE WARD DIRECTOR 1.00 X 0 0 0 MATT TURNER DIRECTOR 1.00 X 0 0 0 SHEA TREADWAY DIRECTOR 1.00 X 0 0 0 BERT WILLIAMS DIRECTOR 1.00 X 0 0 0 ANNE MCCARTHY DIRECTOR 1.00 X 0 0 0 LINDSAY BROWN DIRECTOR 1.00 X 0 0 0 TOM ZANECCHIA TREASURER 1.00 X X 0 0 0 JERRY SOMMER DIRECTOR 1.00 X 0 0 0 CHRIS SMITH DIRECTOR 1.00 X 0 0 0 NORTON RAINEY PRESIDENT & CEO 40.00 X 414645 0 36175 JONATHAN TEE CHIEF OPERATING OFFICER 40.00 X 280022 0 35963 GINA DIMATTEO CHIEF FINANCIAL OFFICER 40.00 X 222826 0 39988 BRITTANI JOHNSON VP OF DEVELOPMENT, CO, MT, AND WY 40.00 X 145240 0 17205 SHARON RODGERS STATE DIRECTOR, HOUSTON 40.00 X 127071 0 30900 PHILLIP SMITH CHIEF MARKETING OFFICER 40.00 X 158145 0 31302 JOHN OLIVER CHIEF PROGRAM OFFICER 40.00 X 160698 0 30477 ARTHUR DUPRE VP OF DEVELOPMENT, LOUISIA 40.00 X 217517 0 38509 1726164 0 260519 12 0 1 0 0 37550416 228175 37550416 180632 180632 MISC INCOME 900099 500 500 500 37731548 0 0 181132 112186 112186 17534381 17534381 1029618 270697 371093 387828 2678712 1113472 158125 1407115 158210 62479 12083 83648 290370 119852 25367 145151 267899 99369 35751 132779 36873 36873 44304 44304 258831 258831 111607 100880 10727 1016700 192246 824454 116083 43803 13834 58446 160856 66828 25283 68745 170781 80964 32792 57025 93738 35865 4364 53509 33013 12857 6537 13619 38291 19421 8075 10795 13682 7230 3051 3401 COMMUNITY OUTREACH 78786 78786 153887 68032 85855 24398808 20278179 874114 3246515 2757612 2878491 29784683 34534351 9455744 17112292 185901 191558 354449 322988 66056 31461 25331 6590 42275327 54754743 1479281 1200226 9459855 8706353 0 625300 10939136 10531879 X 2918589 5300749 28417602 38922115 31336191 44222864 42275327 54754743 X 13332740 74186 -520253 X 0 1 X 1 0 X 14062604 25811438 38826108 30930283 37550416 147180849 14062604 25811438 38826108 30930283 37550416 147180849 18553150 128627699 10737 7138 16018 162253 180632 376778 4873 500 5373 147563000 0.87170 0.87370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 4,873. 2020 AMOUNT: $ 500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15576 242861 258437 20893856 21152293 1000000 250000 0 0 868796 1000000 1000000 1000000 3868796 5803194 50425 161843 258437 470705 217199 250000 250000 250000 967199 1450799 13200 19872 15576 48648 169843 158935 10908 56112 44126 11986 128494 119927 8567 31461 PPP LOAN 625300 625300 37809148 74186 3414 77600 37731548 0 37731548 24922475 3414 520253 523667 24398808 0 24398808 PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM UNCOLLECTIBLE PROMISES TO GIVE 520,253. 1 DE LA SALLE BLACKFEET SCHOOL 104 1ST NW BROWNING MT 59417 760723952 501(C)(3) 20000 MONTANA NATIVE AMERICAN SCHOOL INITIATIVE ST LABRE NATIVE AMERICAN SCHOOL 112 CAMPUS DRIVE ASHLAND MT 59003 810244542 501(C)(3) 80000 ST. LABRE PRESCHOOL AT LAME DEER 2 SCHOLARSHIPS 6356 17534381 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 298645 0 116000 0 0 0 10140 0 26035 0 450820 0 0 0 JONATHAN TEE CHIEF OPERATING OFFICER 218147 0 60000 0 1875 0 13374 0 22589 0 315985 0 0 0 GINA DIMATTEO CHIEF FINANCIAL OFFICER 180826 0 40000 0 2000 0 13900 0 26088 0 262814 0 0 0 ARTHUR DUPRE VP OF DEVELOPMENT, LOUISIA 197517 0 20000 0 0 0 12478 0 26031 0 256026 0 0 0 JOHN OLIVER CHIEF PROGRAM OFFICER 144323 0 15000 0 1375 0 9088 0 21389 0 191175 0 0 0 PHILLIP SMITH CHIEF MARKETING OFFICER 138145 0 20000 0 0 0 8713 0 22589 0 189447 0 0 0 BRITTANI JOHNSON VP OF DEVELOPMENT, CO, MT, AND WY 126251 0 18989 0 0 0 7767 0 9438 0 162445 0 0 0 SHARON RODGERS STATE DIRECTOR, HOUSTON 127071 0 0 0 0 0 8061 0 22839 0 157971 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 15 224747 FMV X YETI TUMBLERS 1 3428 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, WITH THE EXCEPTION OF THE IDENTITY OF ONE DONOR WHO REQUESTED ANONYMITY. 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 -520,253. ACE SCHOLARSHIPS LOUISIANA 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 471533890 EDUCATION LA 10785421 20337097 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS KANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813539170 EDUCATION CO 1374600 1112314 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MONTANA 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813502397 EDUCATION CO 2185504 2107171 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS COLORADO 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 813521769 EDUCATION CO 6926461 10364072 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS TEXAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 820652790 EDUCATION CO 5127369 5635063 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS WYOMING 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 814044609 EDUCATION CO 235459 1500604 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MISSOURI 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 821829357 EDUCATION CO 50 132571 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS SGO KANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 822440191 EDUCATION CO 347123 733939 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS ARKANSAS 5251 DTC PARKWAY 1150 GREENWOOD VILLAGE CO 80110 825366674 EDUCATION CO 7158733 6959153 ALLIANCE FOR CHOICE IN EDUCATION