Ace Mentor Program Of Greater New York Inc
- Assets
- $620.2k
- Revenue
- $559.7k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 11/2002
- Data as of
- 06/2021
- EIN
- 13-3830627
Organization Overview
Ace Mentor Program Of Greater New York Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Ace Mentor Program Of Greater New York Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace Mentor Program Of Greater New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ace Mentor Program Of Greater New York Inc generated $559.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $574.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A MENTORING AND SCHOLARSHIP PROGRAM TO HIGH SCHOOL STUDENTS TO ENCOURAGE THEM TO PURSUE A CAREER IN ARCHITECTURE, CONSTRUCTION, OR ENGINEERING BY PROVIDING A MENTORING PROGRAM AND COLLEGE SCHOLARSHIPS TO STUDENTS WHO ARE SUCCESSFUL IN THE MENTORING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A MENTORING AND SCHOLARSHIP PROGRAM TO HIGH SCHOOL STUDENTS TO ENCOURAGE THEM TO PURSUE A CAREER IN ARCHITECTURE, CONSTRUCTION OR ENGINEERING BY PROVIDING A MENTORING PROGRAM AND COLLEGE SCHOLARSHIPS TO STUDENTS WHO ARE SUCCESSFUL IN THE MENTORING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan M Veres Royal Ex.director | Officer | 40 | $131,800 |
John Pierce Chairman | OfficerTrustee | 5 | $0 |
Bruce Lilker Vice Chair, Long Island | OfficerTrustee | 5 | $0 |
Bob Rubin Counsel | OfficerTrustee | 5 | $0 |
Joseph Lauro Vice Chair, Architecture | OfficerTrustee | 5 | $0 |
Andrew Hlushko Vice Chair, Westchester | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,205 |
| Related organizations | $0 |
| Government grants | $109,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $424,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,213 |
| Total Program Service Revenue | $0 |
| Investment income | $451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,800 |
| Compensation of current officers, directors, key employees. | $13,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,249 |
| Travel | $2,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $100,150 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $69,273 |
| All other expenses | $0 |
| Total functional expenses | $574,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,266 |
| Total assets | $620,187 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $620,187 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $620,187 |
Grants Awarded
Over the last fiscal year, Ace Mentor Program Of Greater New York Inc has awarded $207,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: MAKES SCHOLARSHIP PAYMENTS TO STUDENTS | $200,000 |
Riverdale, NY PURPOSE: SPONSORSHIP OF 2016 SUMMER ENGINEERING AWARENESS PROGRAM | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ace Mentor Program Of Greater New York Inc has recieved totaling $21,700.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,200 |
Clay Electric Foundation Inc Keystone Heights, FL PURPOSE: PURSUIT OF THE FOUNDATION'S OVERALL MISSION | $7,500 |
Kpf Foundation New York, NY PURPOSE: GENERAL USE | $4,000 |
Lucky Seven Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |