Ace Foundation
Ace Foundation
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About this organization
Mission
Ace Foundation was established to improve the quality of life for Asian and Pacific Islander Americans by assisting the Asian American and Pacific Islander community through business education and training, research, and community development (see Schedule O).
About
One of Ace Foundation's flagship programs is Next Generation: The Circle. The Circle is a long-term program that builds competencies and resources in a paradigm that speaks to the unique views and expression of AAPI millennial entrepreneurs who challenge the traditional methods which are perceived to be outdated with the fast-paced technological, digital, and social justice arenas from which they are primed. The program maintains a support network of entrepreneurs and business owners of AAPI heritage to ensure that more small-business enterprises succeed in building their businesses, find ways to capitalize their businesses and create new, sustainable jobs.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “Ace foundation was established to improve the quality of life for asian and pacific islander americans by assisting the asian american and pacific islander community through business education and training, research, and community development (see schedule o).”.
When detailing its responsibilities, they were listed as: “Ace foundation was established to improve the quality of life for asian and pacific islander americans by assisting the asian american and pacific islander community through business education and training, research, and community development (see schedule o).”.
- The state in which the non-profit is legally permitted to operate is DC.
- The number of employees reported by the non-profit on their form as of 2020 is 1.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$27,947.
- The CEO compensation structure within the organization is based on a review and approval from a neutral party.
- The organization has 7 independent voting members.
- The organization was formed in 2013.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $6,633 in salary, compensation, and benefits to its employees.
- The organization pays $9,239 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.
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