Aces Education Foundation Inc in North Haven, Connecticut (CT)
Table of contents:
| Aces Education Foundation Inc | |
| Employer Identification Number (EIN) | 412108698 |
| Name of Organization | Aces Education Foundation Inc |
| In Care of Name | Cheryl Saloom |
| Address | 350 State St, North Haven, CT 06473-3108 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $168,964 |
| Amount of Income | $70,719 |
| Form 990 Revenue Amount | $57,497 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $70,719 (it was $102,751 in 2012)
| Aces Education Foundation Inc: | $70,719 |
| Other organizations performing similar types of work: | $56,000 |
Assets in 2013: $168,964 (it was $183,171 in 2012)
| Aces Education Foundation Inc: | $168,964 |
| Other organizations performing similar types of work: | $195,672 |
Expenses in 2013: $67,743
| This organization: | $67,743 |
| Other organizations performing similar types of work: | $36,457 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 36.2%
| Aces Education Foundation Inc: | 36.2% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $59,191 | $88,291 | $57,497 |
| Contributions, gifts, grants, and similar amounts received | $18,653 | $53,160 | $20,833 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $362 | $111 | $44 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $40,176 | $35,020 | $36,620 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $47,087 | $49,480 | $49,842 |
| Less: direct expenses from gaming and fundraising events | $6,911 | $14,460 | $13,222 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $43,190 | $72,879 | $67,743 |
| Total net assets | $163,476 | $178,888 | $168,642 |
| Excess/Deficit for the year | $16,001 | $15,412 | $-10,246 |
| Net assets or fund balances at beginning of year | $147,475 | $163,476 | $178,888 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $178,888 | $168,642 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $163,476 | $183,171 | $168,964 |
| Total liabilities | $0 | $4,283 | $322 |
| Net assets or fund balances | $163,476 | $178,888 | $168,642 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $178,710 |
| Subtotal Support | $182,589 |
| Gifts, grants, contributions, and membership fees received | $182,589 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $3,879 |
| Total Support | $330,459 |
| Public Support | $182,589 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,879 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $144,991 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Thomas A Forsyth Trust 1-00226-0, Dental Infirmary Trust 14-1002260 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-02 | $16,709,760 |
| 2 | Soaring Eagle Academy | 8320 S Madison St, Burr Ridge, IL 60527-6215 | IL | 2005-12 | $4,112,285 |
| 3 | Sending Support Foundation | 5455 Landmark Pl Unit 909, Greenwood Vlg, CO 80111-1956 | CO | 2003-02 | $1,937,892 |
| 4 | Andrew J & Joyce D Mandell Family Foundation Inc | 240 Hartford Ave, Newington, CT 06111-2077 | CT | 1984-11 | $1,546,068 |
| 5 | Strategic Global Assistance Inc | 513 S Main St Ste 2, Elkhart, IN 46516-3208 | IN | 2000-09 | $1,246,429 |
| 6 | Whitewater Aquatic Center Inc | PO BOX 509, Whitewater, WI 53190-0509 | WI | 2002-03 | $752,525 |
| 7 | University Of The Southern Caribbean Alumni Assn Na Inc | 10808 Barn Wood Ln, Potomac, MD 20854-1328 | MD | 2001-08 | $107,738 |
| 8 | Shander St Cyril And Methodius Tr | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $92,338 |
| 9 | Aces Education Foundation Inc | 350 State St, North Haven, CT 06473-3108 | CT | 2004-03 | $70,719 |
| 10 | Stinky Spoke Foundation | 17606 Ne 152nd Street, Woodinville, WA 98072 | WA | 2009-06 | $55,911 |
| 11 | Thompson Family Foundation | 450 Fenton Pl, Charlotte, NC 28207-1918 | NC | 2000-07 | $47,586 |
| 12 | Burundi Friends International | Po Box 927356, San Diego, CA 92192-7356 | CA | 2009-03 | $45,118 |
| 13 | Timothy H Osmond Memorial Fund | 26133 W Grass Lake Rd, Antioch, IL 60002-7106 | IL | 2005-06 | $38,185 |
| 14 | The Magic Lantern Corporation | 107 Argall Way, Nevada City, CA 95959 | CA | 2008-03 | $36,960 |
| 15 | Tr U-A Charles M Shander Fbo University Of Scranton | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $20,298 |
| 16 | Shander Tr Fbo Marywood University | 620 Liberty Ave, Pittsburgh, PA 15222-2722 | PA | 2001-04 | $18,307 |
| 17 | Folta Family Foundation 33-1955460 | 2 Edna Ct, Somerset, NJ 08873-7345 | NJ | 2002-07 | $201 |
| 18 | Space Launch Foundation | 47 Loker St, Wayland, MA 01778-3718 | MA | 1999-09 | $15 |
| 19 | Ezras Chavetrim Inc | 1 Morris Rd, Spring Valley, NY 10977-3318 | NY | 2002-10 | $1 |
| 20 | Stamford Private Education Foundation Inc | PO BOX 3127, Stamford, CT 06905-0127 | CT | 2002-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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