2018-11-15T18:24:07-06:00 2017-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVENUE SUITE 600 DENVER CO 802372579 990 2017-01-01 841531066 ALLIANCE FOR CHOICE IN EDUCATION ALLI 3035731603 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 GINA DIMATTEO CFO 3035731603 2018-11-14 1 DORI J EGGETT P00645252 3037409400 2018-11-15 208.42.238.142 2018-11-15 18:23:35 MS P 4A2558486EEC6DB97E73B1E5FE2049900CCE7E47 8DC92C9B4BD95D1FF0A435EF60B414482A7E6603 2017 2019-02-21 02:37:17Z ACE SCHOLARSHIPS NORTON RAINEY 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 26100676 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 34 60 0 0 14062604 25811438 0 0 30064 -10179 -46442 -117389 14046226 25683870 9408390 12187886 0 0 1803120 2674365 0 3031 2244789 1291072 1754672 12502582 16619954 1543644 9063916 10680178 19382204 666609 398090 10013569 18984114 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 14095187 12187886 0 ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, MONTANA, KANSAS, TEXAS, WYOMING AND MISSOURI AND A SCHOLARSHIP PROGRAM IN LOUISIANA. 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 REBATE PROGRAM AND AWARDS SCHOLARSHIPS TO QUALIFIED STUDENTS IN ADHERENCE TO STATE STATUTES AND RULES AND REGULATIONS PUBLISHED BY THE LOUISIANA DEPARTMENT OF EDUCATION.IN 2017, ACE REGISTERED AS A SCHOLARSHIP GRANTING ORGANIZATION (SGO) WITHIN KANSAS' TAX CREDIT PROGRAM AND WILL BEGIN DISTRIBUTING SCHOLARSHIPS IN 2018. 14095187 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 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 21 0 1 34 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GINA DIMATTEO 3035731603 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 ALEX CRANBERG CHAIRMAN EMERITUS 1.00 X X 0 0 0 PETE LEAVELL CHAIRMAN 1.00 X X 0 0 0 SERGIO GUTIERREZ SECRETARY 1.00 X X 0 0 0 TOM ZANECCHIA TREASURER 1.00 X X 0 0 0 GEOFF BAILEY DIRECTOR 1.00 X 0 0 0 LINDSAY BROWN DIRECTOR 1.00 X 0 0 0 SUSAN GIANFORTE DIRECTOR 1.00 X 0 0 0 ANNE MCCARTHY DIRECTOR 1.00 X 0 0 0 JOE SMITH DIRECTOR 1.00 X 0 0 0 LIZ WRIGHT DIRECTOR 1.00 X 0 0 0 NORTON RAINEY PRESIDENT & CEO 40.00 X 307830 0 28546 JONATHAN TEE CHIEF OPERATING OFFICER 40.00 X 194829 0 26447 GINA DIMATTEO CHIEF FINANCIAL OFFICER 40.00 X 89824 0 7910 JOHN OLIVER CHEIF PROGRAM OFFICER 40.00 X 128241 0 23630 720724 0 86533 3 0 1 0 JOHN DAVENPORT & ASSOCIATES LLC 4191 PRESERVE PARKWAY SOUTH GREENWOOD VILLAGE CO 80121 INTERIM CFO SERVICES 125000 1 3283421 22528017 514390 25811438 7138 7138 17317 -17317 -17317 -17317 282100 3283421 399489 -117389 -117389 25683870 0 0 -127568 105900 105900 12081986 12081986 655386 193143 63802 398441 1609377 799389 27521 782467 81676 36898 747 44031 171050 83195 5383 82472 156876 67457 5622 83797 125000 41250 42500 41250 15464 9624 5840 36323 3016 33307 3031 3031 161347 129429 19409 12509 484497 92846 391651 237823 95897 50226 91700 131232 74501 5377 51354 137672 68601 3821 65250 163384 47626 2121 113637 75750 34430 5566 35754 83826 50892 3777 29157 12834 6944 498 5392 EXPANSION EXPENSE 34553 27643 3455 3455 FAMILY AND ALUMNI ENGAG 29659 29659 STAFF DEVELOPMENT 18480 10549 760 7171 MISCELLANEOUS EXPENSES 6828 4312 246 2270 16619954 14095187 279978 2244789 2816300 3125513 5191776 7961214 2331139 8031594 0 95707 58928 330381 133334 231823 197047 13433 7908 10680178 19382204 666609 398090 666609 398090 X 21860 -16152 9991709 19000266 10013569 18984114 10680178 19382204 X 9063916 5829 -99200 X 0 1 X 1 0 X 7545879 9048458 10483219 14062604 25811438 66951598 7545879 9048458 10483219 14062604 25811438 66951598 11396385 55555213 5993 5846 7829 10737 7138 37543 66989141 0.82930 0.82500 X 0 0 0 14375914 14375914 868796 217199 0 0 481058 556308 720180 868796 2626342 3939513 0 0 0 0 120264 139077 180045 217199 656585 984878 128494 42831 85663 153022 72006 81016 48865 18497 30368 197047 X 26100988 5829 11800 399489 417118 25683870 0 25683870 17031243 11800 399489 411289 16619954 0 16619954 PART X, LINE 2: THE ORGANIZATION APPLIES A MORE-LIKELY-THAN NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF DECEMBER 31, 2017 OR 2016. INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS MISCELLANEOUS ADMINISTRATIVE EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF DECEMBER 31, 2017 OR 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 399,489. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 399,489. ANNUAL LUNCHEON 3089164 2935564 153600 41863 77579 75875 23233 WOMEN'S LUNCHEON 366762 275762 91000 2150 36315 40668 50000 17892 1 109595 72095 37500 4690 19255 2500 7469 3565521 3283421 282100 2150 82868 137502 128375 48594 399489 -117389 1 DE LA SALLE BLACKFEET SCHOOL 204 1ST ST NW PO BOX 1489 BROWNING MT 594171489 760723952 501(C)(3) 20000 MONTANA NATIVE AMERICAN SCHOOL INITIATIVE ST LABRE NATIVE AMERICAN SCHOOL 1000 TONGUE RIVER ROAD ASHLAND MT 59003 810244542 501(C)(3) 80000 ST. LABRE PRESCHOOL AT LAME DEER 2 0 SCHOLARSHIPS 5881 12081986 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 COLORADO, KANSAS, MONTANA, TEXAS, WYOMING AND MISSOURI: 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 REBATE 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). IN 2018, ACE WILL BEGIN AWARDING SCHOLARSHIPS TO STATE-QUALIFIED STUDENTS AND PARTICIPATING QUALIFIED SCHOOLS IN KANSAS IN ADHERENCE TO STATE STATUTE AND RULES AND REGULATIONS PUBLISHED BY THE KANSAS STATE DEPARTMENT OF EDUCATION. IN THE FALL AND SPRING, FOLLOWING CONFIRMATION OF STUDENT ENROLLMENT, PAYMENTS WILL BE MADE TO EACH SCHOOL VIA ELECTRONIC FUND TRANSFERS 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 237614 0 70000 0 216 0 11999 0 16547 0 336376 0 0 0 JONATHAN TEE CHIEF OPERATING OFFICER 159613 0 35000 0 216 0 9900 0 16547 0 221276 0 0 0 JOHN OLIVER CHEIF PROGRAM OFFICER 113447 0 13500 0 1294 0 7130 0 16500 0 151871 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS MEMBERSHIP DUES TO A GOLF CLUB FOR THE PRESIDENT/CEO. THE CLUB MEMBERSHIP IS USED BY THE PRESIDENT/CEO FOR FUNDRAISING PURPOSES FOR ACE. IF THERE IS ANY PERSONAL USE OF THE CLUB MEMBERSHIP BY THE PRESIDENT/CEO, 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 1900 FMV X 2150 FMV X 29 493443 FMV X EVENT SUPPLIES 2 16897 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 BEFORE THE RETURN IS FILED. 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 15 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 -99,200. ACE SCHOLARSHIPS LOUISIANA LLC 1201 E COLFAX AVE 302 DENVER CO 80218 471533890 EDUCATION LA 6512405 4419269 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS KANSAS LLC 1201 E COLFAX AVE 302 DENVER CO 80218 813539170 EDUCATION CO 2250031 2092920 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MONTANA LLC 1201 E COLFAX AVE 302 DENVER CO 80218 813502397 EDUCATION CO 1766574 1449535 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS COLORADO LLC 1201 E COLFAX AVE 302 DENVER CO 80218 813521769 EDUCATION CO 6920183 5589746 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS TEXAS LLC 1201 E COLFAX AVE 302 DENVER CO 80218 820652790 EDUCATION CO 4424345 3891735 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS WYOMING LLC 1201 E COLFAX AVE 302 DENVER CO 80218 814044609 EDUCATION CO 1710649 1432508 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS MISSOURI LLC 1201 E COLFAX AVE 302 DENVER CO 80218 821829357 EDUCATION CO 392855 392855 ALLIANCE FOR CHOICE IN EDUCATION ACE SCHOLARSHIPS SGO KANSAS LLC 1201 E COLFAX AVE 302 DENVER CO 80218 822440191 EDUCATION CO 400000 395484 ALLIANCE FOR CHOICE IN EDUCATION