2012-10-30T13:18:16-05:00 2011-12-31 840869721 EHRHARDT KEEFE STEINER & HOTTMAN PC 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2011-01-01 841531066 ALLIANCE FOR CHOICE IN EDUCATION ALLI 3035731603 1201 EAST COLFAX AVENUE SUITE 302 DENVER CO 80218 NORTON RAINEY 3035731603 2012-10-28 1 CRAIG R CHOUN P00173718 3037409400 2011 2016-02-24 21:20:13Z NORTON RAINEY 1201 EAST COLFAX AVE 302 DENVER CO 80218 5289570 0 X WWW.ACESCHOLARSHIPS.ORG X 2000 CO THE ORGANIZATION'S MISSION IS TO PROVIDE LOW-INCOME FAMILIES WITH THE POWER OF EDUCATION CHOICE. 15 15 0 35 0 0 4250321 5214426 0 0 10702 4452 -70006 7497 4191017 5226375 2834121 3251696 0 0 356983 542952 0 0 584255 669516 1015777 3860620 4810425 330397 415950 4908067 5259289 173884 143007 4734183 5116282 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, COLLEGE-PREP, AND EDUCATION ADVOCACY. 0 0 3992987 3251696 SCHOLARSHIPS WERE GIVEN TO LOW-INCOME STUDENTS WANTING PRIVATE SCHOOLING FROM KINDERGARTEN THROUGH HIGH SCHOOL. LOW-INCOME IS DEFINED IN ACCORDANCE WITH THE FEDERAL POVERTY GUIDELINES. ADDITIONALLY, ADMINISTRATIVE SERVICES AND SCHOLARSHIPS WERE PROVIDED FOR TWO COLLEGE SCHOLARSHIP FUNDS. 3992987 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 15 15 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 TODD CLOUGH 1.00 X 0 0 0 ALEX CRANBERG 1.00 X X 0 0 0 DR VERNARD GANT 1.00 X 0 0 0 SERGIO GUTIERREZ 1.00 X 0 0 0 BERT WILLIAMS 1.00 X 0 0 0 SKIP NETZORG 1.00 X X 0 0 0 BISHOP PHILLIP PORTER 1.00 X 0 0 0 LUIS VILLARREAL 1.00 X X 0 0 0 WAYNE WILLIAMSON 1.00 X 0 0 0 GREG GIANFORTE 1.00 X 0 0 0 CHARLES JOHNSON 1.00 X 0 0 0 RYAN FRAZIER 1.00 X 0 0 0 PETE LEAVELL 1.00 X X 0 0 0 DAVID LIVINGSTON 1.00 X X 0 0 0 LINDA PEOTTER 1.00 X 0 0 0 NORTON RAINEY 40.00 X 165543 0 29229 165543 0 29229 1 0 1 1 0 1173620 4040806 21283 5214426 10164 10164 5712 -5712 -5712 -5712 64980 1173620 57483 7497 7497 5226375 0 0 11949 956518 956518 2295178 2295178 430332 199929 73856 156547 5932 2648 1051 2233 73679 34388 12401 26890 33009 15541 5787 11681 16972 16972 56240 1250 54240 750 348120 250714 6872 90534 123748 123488 260 73590 21179 29240 23171 4515 2256 906 1353 79245 39625 15849 23771 14802 6429 2571 5802 10815 7278 3537 32189 16320 6077 9792 3107 509 2293 305 MEALS & ENTERTAINMENT 109341 2006 107335 ORGANIZATION EVENTS 95096 10555 2259 82282 PRINTING EXPENSES 47997 7176 2809 38012 4810425 3992987 233183 584255 75723 16002 3945535 3967819 433344 869910 402400 312390 183789 94926 40823 88863 10242 4305 4908067 5259289 173884 143007 173884 143007 X 3181756 3299676 1552427 1816606 4734183 5116282 4908067 5259289 X 415950 -33851 X 0 1 1 X 0 X 4355155 2140433 3118099 4250321 5214365 19078373 4355155 2140433 3118099 4250321 5214365 19078373 3790096 15288277 57167 16754 18326 15762 10164 118173 20116 20116 19216662 208339 0.79560 0.76040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130979 61811 69168 52810 33115 19695 88863 5226375 4810425 415950 -33851 -33851 382099 5505235 221377 221377 5283858 -57483 -57483 5226375 5089285 221377 57483 278860 4810425 0 4810425 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 OR 2010. 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, 2011 OR 2010. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2008 THROUGH THE CURRENT YEAR. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS FROM UNCOLLECTIBLE PROMISES TO GIVE -33,851. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -57,483. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 57,483. SPRING LUNCHEON 1210450 1154290 56160 18778 29824 LADIES LUNCHEON 28150 19330 8820 8881 1238600 1173620 64980 18778 38705 57483 7497 1 DENVER STREET SCHOOL 1567 MARION ST DENVER CO 80218 841216351 501(C)3 30000 EDUCATIONAL SUPPORT EXCEL INSTITUTE 3050 RICHARD ALLEN CT DENVER CO 80205 364579419 501(C)3 85000 EDUCATIONAL SUPPORT LA ACADEMIA 1212 MARIPOSA STREET DENVER CO 80218 840525768 501(C)3 140000 EDUCATIONAL SUPPORT SEEDS OF HOPE 1300 SOUTH STEELE STREET DENVER CO 80210 841437053 501(C)3 40000 EDUCATIONAL SUPPORT ARRUPE JESUIT HIGH SCHOOL 4343 UTICA STREET DENVER CO 80212 020628872 501(C)3 128625 PROGRAM SUPPORT BELLEVIEW CHRISTIAN SCHOOL 3455 WEST 83RD AVENUE WESTMINSTER CO 80031 846027303 501(C)3 10126 PROGRAM SUPPORT BETH JACOB HIGH SCHOOL OF DENVER 5100 WEST FORTEENTH AVENUE DENVER CO 80204 840585743 501(C)3 17750 PROGRAM SUPPORT BETHANY CHRISTIAN ACADEMY 10555 WEST 44TH AVENUE WHEATRIDGE CO 80033 841364649 501(C)3 7000 PROGRAM SUPPORT BETHLEHEM LUTHERAN SCHOOL 2100 WADSWORTH BLVD LAKEWOOD CO 80214 841464273 501(C)3 8000 PROGRAM SUPPORT CORNERSTONE CHRISTIAN ACADEMY 12000 ZUNI STREET WESTNINSTER CO 80234 841463519 501(C)3 21778 PROGRAM SUPPORT ESCUELA DE GUADALUPE 3401 PECOS STREET DENVER CO 80211 311652842 501(C)3 56500 PROGRAM SUPPORT ESCUELA TLATELOLCO 2949 NORTH FEDERAL BLVD DENVER CO 80211 840746649 501(C)3 14500 PROGRAM SUPPORT EXCEL INSTITUTE 3050 RICHARD ALLEN CT DENVER CO 80205 364579419 501(C)3 38475 PROGRAM SUPPORT HILLEL ACADEMY 450 S HUDSON ST DENVER CO 80246 098023650 501(C)3 51750 PROGRAM SUPPORT HOLY TRINITY SCHOOL 3050 WEST 76TH AVENUE WESTMINSTER CO 80030 840469648 501(C)3 27620 PROGRAM SUPPORT INNER CITY SCHOOL 3560 JOSEPHINE STREET DENVER CO 80204 841262204 501(C)3 26000 PROGRAM SUPPORT LA ACADEMIA 1212 MARIPOSA STREET DENVER CO 80218 840525768 501(C)3 50375 PROGRAM SUPPORT MILE HIGH ACADENY 711 EAST YALE AVENUE DENVER CO 80210 840525223 501(C)3 7000 PROGRAM SUPPORT NOTRE DAME CATHOLIC SCHOOL 5100 WEST EVANS AVENUE DENVER CO 80219 800016188 501(C)3 34750 PROGRAM SUPPORT PRESENTATION OF OUR LADY 660 JULIAN STREET DENVER CO 80204 840404270 501(C)3 20500 PROGRAM SUPPORT RESURRECTION CHRISTIAN SCHOOL 6508 EAST CROSSROADS BLVD LOVELAND CO 80538 207083543 501(C)3 16000 PROGRAM SUPPORT STS PETER AND PAUL CATHOLIC SCHOOL 3920 PIERCE STREET WHEATRIDGE CO 80033 840448043 501(C)3 20410 PROGRAM SUPPORT ST ELIZABETH'S SCHOOL 3605 MARTIN LUTHER KING BLVD DENVER CO 80205 223875755 501(C)3 9000 PROGRAM SUPPORT ST JOHN'S LUTHERAN CHURCH & SCHOOL 700 SOUTH FRANKLIN STREET DENVER CO 80209 840461558 501(C)3 11000 PROGRAM SUPPORT ST PIUS X CATHOLIC SCHOOL 13680 EAST 14TH PLACE AURORA CO 80011 840457083 501(C)3 17000 PROGRAM SUPPORT ST ROSE OF LIMA 1345 W DAKOTA AVE DENVER CO 80223 840465591 501(C)3 40000 PROGRAM SUPPORT STANLEY BRITISH PRIMARY 350 QUEBEC STREET DENVER CO 80230 742325997 501(C)3 9000 PROGRAM SUPPORT 27 SCHOLARSHIPS 1267 2295178 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 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 SCHOLARSHIP COMMITTEE. THE SCHOOL SELECTS THE STUDENTS TO SUBMIT APPLICATIONS. THE ACE SCHOLARSHIP COMMITTEE HAS FINAL AUTHORITY ON SCHOLARSHIP ALLOCATIONS. IN THE FALL CHECKS ARE SENT TO THE SCHOOL IN THE NAME OF THE PARENT AND THE STUDENT; PARENTS ARE REQUIRED TO ENDORSE THE CHECKS. IN THE SPRING ONE CHECK IS SENT TO EACH SCHOOL FOR THE TOTAL AMOUNT OF THE SCHOLARSHIP FUNDING FOR THAT SCHOOL ONCE SCHOOLS HAVE CONFIRMED ENROLLMENT OF SCHOLARSHIP RECIPIENTS. SCHOOLS THAT RECEIVE FUNDS FOR BEFORE AND AFTER SCHOOL CARE SEND LETTERS TO ACE TO CONFIRM THAT THE FUNDS THEY RECEIVED WERE USED FOR THEIR INTENDED PURPOSES. X X X X 0 0 0 0 0 0 0 0 0 NORTON RAINEY 145543 0 20000 0 0 0 10200 0 19029 0 194772 0 0 0 SUPPLEMENTAL INFORMATION PART III EMPLOYEE OF UNRELATED ORGANIZATION SCHEDULE J, PART II NORTON RAINEY SERVES AS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. HE IS AN EMPLOYEE OF ASPECT MANAGEMENT CORPORATION, WHICH PAYS HIS SALARY AND BENEFITS. THE ORGANIZATION DOES NOT REIMBURSE ASPECT MANAGEMENT CORPORATION FOR THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS. LEASED EMPLOYEES 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 EXECUTIVE DIRECTOR. TO HELP ADVANCE THE MISSION OF ACE, THE THIRD PARTY CONTRIBUTES THE SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR 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 AN INDEPENDENT COMMITTEE MADE UP OF ACE BOARD MEMBERS WHO SIT ON ITS AUDIT COMMITTEE PROVIDES A COMPREHENSIVE ANNUAL PERFORMANCE, GOAL AND COMPENSATION REVIEW. COMPENSATION IS DIRECTLY TIED TO GOAL ACHIEVEMENT AND IS BENCHMARKED AGAINST LIKE ORGANIZATIONS OF SIMILAR SIZE. THE COMMITTEE ISSUES A FINAL COMPENSATION AND REVIEW RECOMMENDATION TO THE FULL BOARD, AND IF APPROVED, ISSUES A LETTER THAT OUTLINES ANY ACTIONS OR CHANGES APPROVED BY THE BOARD. THIS LETTER IS PLACED IN THE EXECUTIVE DIRECTOR'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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: LOSS FROM UNCOLLECTIBLE PROMISES TO GIVE -33,851. TOTAL TO FORM 990, PART XI, LINE 5: -33,851.