2016-11-14T17:43:42-06:00 2015-12-31 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2015-01-01 841531066 ALLIANCE FOR CHOICE IN EDUCATION ALLI 3035731603 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 WENDY BANKS CFO 3035731603 2016-11-14 1 DORI J EGGETT P00645252 3037409400 2015 2017-02-10 21:41:12Z ACE SCHOLARSHIPS NORTON RAINEY 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 10629373 0 X WWW.ACESCHOLARSHIPS.ORG X 2000 CO THE ORGANIZATION'S MISSION IS TO PROVIDE LOW-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE. 12 12 19 80 0 0 9048458 10483219 0 0 5192 9534 -90554 -139805 8963096 10352948 5361894 6682129 0 0 1020016 1380308 0 0 1077052 1179518 1140782 7561428 9203219 1401668 1149729 7881356 8906908 485536 413850 7395820 8493058 THE ORGANIZATION'S MISSION IS TO PROVIDE LOW-INCOME FAMILIES WITH THE POWER AND FREEDOM OF GENUINE EDUCATION CHOICE THROUGH PRIVATELY FUNDED K-12 SCHOLARSHIPS AND EDUCATION ADVOCACY. 0 0 7694211 6682129 ACE ADMINISTERS TWO SCHOLARSHIP PROGRAMS: A PRIVATELY FUNDED PROGRAM IN COLORADO, KANSAS, AND MONTANA, AND A SCHOLARSHIP PROGRAM IN LOUISIANA AS PART OF THE TUITION DONATION REBATE PROGRAM IN THAT STATE. 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 IS ALSO A STATE-APPROVED SCHOOL TUITION ORGANIZATION IN THE LOUISIANA TUITION DONATION REBATE PROGRAM AND AWARDS SCHOLARSHIPS TO QUALIFIED STUDENTS ADHERING TO STATE STATUTE AND RULES AND REGULATIONS PUBLISHED BY THE LOUISIANA DEPARTMENT OF EDUCATION. 7694211 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 0 0 0 0 1 0 0 0 0 1 X 12 0 1 19 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WENDY BANKS 3035731603 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 ALEX CRANBERG CHAIRMAN EMERITUS 1.00 X X 0 0 0 SERGIO GUTIERREZ DIRECTOR 1.00 X 0 0 0 BERT WILLIAMS TREASURER 1.00 X X 0 0 0 SKIP NETZORG SECRETARY 1.00 X X 0 0 0 GREG GIANFORTE DIRECTOR 1.00 X 0 0 0 PETE LEAVELL CHAIRMAN 1.00 X X 0 0 0 DAVID LIVINGSTON DIRECTOR 1.00 X 0 0 0 LINDA PEOTTER DIRECTOR 1.00 X 0 0 0 ANN MCBOURNIE DIRECTOR 1.00 X 0 0 0 RON MONTOYA DIRECTOR 1.00 X 0 0 0 AUDREY KINSMAN DIRECTOR 1.00 X 0 0 0 LINDSAY BROWN DIRECTOR 1.00 X 0 0 0 NORTON RAINEY PRESIDENT AND CEO 40.00 X 218404 0 34939 JONATHAN TEE CHIEF OPERATING OFFICER 40.00 X 147976 0 30352 WENDY BANKS CHIEF FINANCIAL OFFICER 40.00 X 39142 0 1800 405522 0 67091 2 0 1 1 0 3205264 7277955 10483219 7829 7829 1705 0 1705 1705 1705 136620 3205264 276425 -139805 -139805 10352948 0 0 -130271 140000 140000 6542129 6542129 219271 175416 10964 32891 868747 314533 170259 383955 47056 23528 7058 16470 162500 72077 27433 62990 82734 38658 13313 30763 7945 7945 39075 39075 343588 152263 58599 132726 48750 43800 4950 118955 30822 57643 30490 32716 16358 4907 11451 86864 43432 13030 30402 96702 26729 6144 63829 28388 14194 4258 9936 6601 537 5688 376 PRINTING EXPENSES 61659 14853 2224 44582 MEALS & ENTERTAINMENT 141770 141770 ORGANIZATION EVENTS 78050 6549 71501 COMMUNITY OUTREACH 26841 26841 22878 11492 3416 7970 9203219 7694211 431956 1077052 38643 630925 5422794 5423282 2280075 2697877 76664 91892 150872 96942 56325 53930 6855 9002 7881356 8906908 485536 413850 485536 413850 X 2407120 2618189 4988700 5874869 7395820 8493058 7881356 8906908 X 1149729 2519 -55010 X 0 1 X 1 0 X 5214365 5999780 7545879 9048458 10483219 38291701 5214365 5999780 7545879 9048458 10483219 38291701 3985679 34306022 10164 6514 5993 5846 7829 36346 7497 7497 38335544 0.89490 0.87130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 8126167 8126167 556308 139077 0 0 394755 462392 481058 556308 1894513 2841770 98689 115598 120264 139077 473628 710442 4649 4649 124497 82519 41978 21726 14423 7303 53930 X 10870970 2519 239078 241597 10629373 -276425 -276425 10352948 9718722 239078 276425 515503 9203219 0 9203219 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, 2015 OR 2014. 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, 2015 OR 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -276,425. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 276,425. ANNUAL LUNCHEON 3016167 2895747 120420 73772 42558 54000 LADIES LUNCHEON 292092 292092 37031 33199 15000 1 33625 17425 16200 6754 14112 3341884 3205264 136620 117557 89869 69000 276426 -139806 1 ST LABRE INDIAN SCHOOL 1000 TONGUE RIVER ROAD ASHLAND MT 59003 810244542 501(C)3 80000 DONOR DIRECTED SPONSORSHIP DE SALLE BLACKFEET ACADEMY 204 1ST ST NW PO BOX 1489 BROWNING MT 59417 760723952 501(C)3 20000 DONOR DIRECTED SPONSORSHIP SEEDS OF HOPE 1300 SOUTH STEELE ST DENVER CO 80210 841437053 501(C)3 40000 DONOR DIRECTED SPONSORSHIP 3 SCHOLARSHIPS 3707 6542129 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 AND MONTANA: 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. 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. X X X X 0 0 0 0 0 0 0 1 0 NORTON RAINEY PRESIDENT AND CEO 218404 0 0 0 0 0 13512 0 21427 0 253343 0 0 0 JONATHAN TEE CHIEF OPERATING OFFICER 117976 0 30000 0 0 0 9600 0 20752 0 178328 0 0 0 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. SCHEDULE J, PART II NORTON RAINEY SERVES AS THE PRESIDENT AND CEO OF THE ORGANIZATION. HE IS AN EMPLOYEE OF ASPECT MANAGEMENT CORPORATION, WHICH PAYS HIS SALARY, UP TO A FIXED AMOUNT, AND HIS BENEFITS. PART V, LINE 2A SALARIES AND BENEFITS ARE PAID THROUGH A THIRD PARTY, THEREFORE A FORM W-3, TRANSMITTAL OF WAGE AND TAX STATEMENT, HAS NOT BEEN FILED BY ALLIANCE FOR CHOICE IN EDUCATION (ACE). ACE REIMBURSES THE THIRD PARTY FOR THE SALARIES AND BENEFITS FOR ALL OF THE EMPLOYEES, WITH THE EXCEPTION OF THE PRESIDENT AND CEO. TO HELP ADVANCE THE MISSION OF ACE, THE THIRD PARTY CONTRIBUTES A PORTION OF THE SALARY AND BENEFITS OF THE PRESIDENT AND CEO TO ACE AND DOES NOT ASK TO BE REIMBURSED FOR THOSE COSTS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S MANAGEMENT AND AUDIT COMMITTEE REVIEW 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 -55,010. ACE SCHOLARSHIPS LOUISIANA LLC 309 MAPLE RIDGE DRIVE METAIRIE LA 70001 471533890 EDUCATION LA 2259888 1759202 ALLIANCE FOR CHOICE IN EDUCATION