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Ace Charter School Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.32M (2024)

Expenses
$1.38M (2024)

Total Assets
$16.5M (2024)

Total Liabilities
$15.7M (2024)

Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,317,886
Expenses
$1,379,029
Net Income
-$61,143
Net Assets
$789,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $88,799
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,229,087
93.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,482,199
Total Liabilities $15,692,758
Net Assets $789,441
Compensation
Key Employees and Officers Compensation Related Other
Kennedy Hilario (Ceo) $0 $232,581 $41,722
Zoe Duskin (Senior Director) $0 $154,909 $77,187
Alma Bravo (Senior Director) $0 $178,508 $28,656
Alexandra Laks (Board Chair) $0 $0 $0
Ramon Polin (Secretary And Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,044,509
Expenses
$1,377,435
Net Income
-$332,926
Net Assets
$850,584
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $41,685
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,002,824
96.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,005,425
Total Liabilities $16,154,841
Net Assets $850,584
Compensation
Key Employees and Officers Compensation Related Other
John Bronson (Chairman) $0 $0 $0
Alexandra Laks (Secretary) $0 $0 $0
Kennedy Hilario Start 722 (Ceo) $0 $115,233 $15,792
Gregory Lippman End 722 (Ceo) $0 $145,976 $16,547

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,143,501
Expenses
$1,531,835
Net Income
-$388,334
Net Assets
$1,183,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,615
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,140,886
99.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,179,769
Total Liabilities $11,996,259
Net Assets $1,183,510
Compensation
Key Employees and Officers Compensation Related Other
John Bronson (Chairman) $0 $0 $0
Alexandra Laks (Secretary) $0 $0 $0
Michael Abbott (Member) $0 $0 $0
Naganath Mahalingam Left At 111521 (Managing Director) $0 $188,401 $7,547
David Blohm 111521 60622 (Director Of Finance) $0 $60,417 $6,496

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,235,464
Expenses
$1,555,624
Net Income
-$320,160
Net Assets
$1,571,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,143
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,234,321
99.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,437,848
Total Liabilities $12,866,004
Net Assets $1,571,844
Compensation
Key Employees and Officers Compensation Related Other
John Bronson (Chairman) $0 $0 $0
Alexandra Laks (Secretary) $0 $0 $0
Michael Abbott (Member) $0 $0 $0
Naganath Mahalingam (Managing Director) $0 $177,632 $22,202

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,800,088
Expenses
$1,539,961
Net Income
$260,127
Net Assets
$1,892,004
Notable Sources of Revenue Percent of Total Revenue
Contributions $534,068
29.7%
Program Services $1,237,435
68.7%
Investment Income $28,585
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,914,808
Total Liabilities $13,022,804
Net Assets $1,892,004
Compensation
Key Employees and Officers Compensation Related Other
Naganath Mahalingam (Managing Director) $0 $175,130 $21,816
John Bronson (Chairman) $0 $0 $0
Alexandra Laks (Secretary) $0 $0 $0
Michael Abbott (Member) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,287,579
Expenses
$1,332,658
Net Income
-$45,079
Net Assets
$1,631,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,152,693
89.5%
Investment Income $134,886
10.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,718,290
Total Liabilities $13,086,413
Net Assets $1,631,877
Compensation
Key Employees and Officers Compensation Related Other
Naganath Mahalingam (Director Of Finance) $0 $180,000 $19,971
John Bronson (Chairman) $0 $0 $0
Michael Abbott (Member) $0 $0 $0
Alexandra Laks (Member) $0 $0 $0

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Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,115,210
Expenses
$1,015,636
Net Income
$99,574
Net Assets
$1,650,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,078,649
96.7%
Investment Income $36,561
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,494,588
Total Liabilities $12,844,110
Net Assets $1,650,478
Compensation
Key Employees and Officers Compensation Related Other
John Bronson (Chairman) $0 $0 $0
Michael Abbott (Member) $0 $0 $0
Alexandra Laks (Member) $0 $0 $0
Greg Lippman (Executive Director) $0 $199,861 $16,913
Naganath Mahalingam (Director Of Finance) $0 $158,945 $18,994

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Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,371,165
Expenses
$1,001,243
Net Income
$369,922
Net Assets
$1,108,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $372,854
27.2%
Program Services $992,900
72.4%
Investment Income $5,411
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,882,699
Total Liabilities $13,774,129
Net Assets $1,108,570
Compensation
Key Employees and Officers Compensation Related Other
Michael Abbott (Member) $0 $0 $0
John Bronson (Chairman) $0 $0 $0
Alexandra Laks (Member) $0 $0 $0
Michael O'farrell (Director Of Strategy) $0 $131,980 $22,530

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,025
Expenses
$550,685
Net Income
-$65,660
Net Assets
$738,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $484,992
100.0%
Investment Income $33
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,554,261
Total Liabilities $3,815,613
Net Assets $738,648
Compensation
Key Employees and Officers Compensation Related Other
Tamara Alvarado (President) $0 $0 $0
Gary Rummelhoff (Treasurer) $0 $0 $0
Susan Hammer (Secretary) $0 $0 $0
Dr Linda Murray (Member) $0 $0 $0
Elizabeth Alvarez (Member) $0 $0 $0
Florina Gallegos (Member) $0 $0 $0
Tania Wilcox (Member) $0 $0 $0
Dr Mary Lairon (Member) $0 $0 $0
Manou Mobedshahi (Member) $0 $0 $0
Greg Lippman (Executive Di) $0 $187,047 $6,945
Naganath Mahalingan (Director Of) $0 $77,672 $8,269
Michael Abbott (Director Of) $0 $73,462 $8,269

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,012
Expenses
$573,637
Net Income
-$88,625
Net Assets
$804,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $484,992
100.0%
Investment Income $20
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,691,859
Total Liabilities $3,887,551
Net Assets $804,308
Compensation
Key Employees and Officers Compensation Related Other
Tamara Alvarado (President) $0 $0 $0
Jonathan Hicks (Vice Preside) $0 $0 $0
Gary Rummelhoff (Treasurer) $0 $0 $0
Susan Hammer (Secretary) $0 $0 $0
Elizabeth Alvarez (Member) $0 $0 $0
Beth Gonzales (Member) $0 $0 $0
Manou Mobedshahi (Member) $0 $0 $0
Dr Linda Murray (Member) $0 $0 $0
Florina Gallegos (Member) $0 $0 $0
Dr Mary Lairon (Member) $0 $0 $0
Tania Wilcox (Member) $0 $0 $0
Greg Lippman (Executive Di) $0 $175,000 $6,298
Michael Abbott (Director Of) $0 $132,200 $10,221
Naganath Mahalingan (Director Of) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,032
Expenses
$563,643
Net Income
-$78,611
Net Assets
$949,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $484,992
100.0%
Investment Income $40
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,631,705
Total Liabilities $3,682,022
Net Assets $949,683
Compensation
Key Employees and Officers Compensation Related Other
Tamara Alvarado (President) $0 $0 $0
Jonathan Hicks (Vice Preside) $0 $0 $0
Gary Rummelhoff (Treasurer) $0 $0 $0
Susan Hammer (Secretary) $0 $0 $0
Elizabeth Alvarez (Member) $0 $0 $0
Beth Gonzales (Member) $0 $0 $0
Manou Mobedshahi (Member) $0 $0 $0
Dr Linda Murray (Member) $0 $0 $0
Florina Gallegos (Member) $0 $0 $0
Dr Mary Lairon (Member) $0 $0 $0
Greg Lippman (Executive Di) $0 $146,214 $2,924
Michael Abbott (Director Of) $0 $117,011 $13,413

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$422,858
Expenses
$395,353
Net Income
$27,505
Net Assets
$1,028,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,400
1.3%
Program Services $417,274
98.7%
Investment Income $184
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,830,128
Total Liabilities $3,801,834
Net Assets $1,028,294

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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