Ace Mentor Program Of America Inc is located in Cleveland, OH. The organization was established in 2006. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ace Mentor Program Of America 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 12/2021, Ace Mentor Program Of America Inc generated $114.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $131.5k during the year ending 12/2021. 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
ENGAGE, ENLIGHTEN AND MOTIVATE STUDENTS TO PURSUE CAREERS IN ARCHITECTURE, CONSTRUCTION AND ENGINEERING THROUGH MENTORING AND, IN SO DOING, SUPPORT THEIR CONTINUED ADVANCEMENT IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS THROUGH DONATIONS AND FUNDRAISING EVENTS TO PROVIDE UNIVERSITY SCHOLARSHIPS FOR 61 STUDENTS INTERESTED IN PURSUING DEGREES IN ARCHITECTURE, CONSTRUCTION AND ENGINEERING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Glen Shumate Executive Director | OfficerTrustee | 15 | $0 |
Matt Danis Chair | OfficerTrustee | 4 | $0 |
Mark Rader Treasurer | OfficerTrustee | 4 | $0 |
Erin Luke Secretary | OfficerTrustee | 3 | $0 |
Mark Panzica Past Chair | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $114,392 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $114,392 |
Total Program Service Revenue | $0 |
Investment income | $117 |
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 | $114,509 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $54,621 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $10,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,160 |
Fees for services: Lobbying | $4,450 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $131,468 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $222,997 |
Savings and temporary cash investments | $244,459 |
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 | $0 |
Total assets | $467,456 |
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 | $0 |
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 | $467,456 |
Total liabilities and net assets/fund balances | $467,456 |
Over the last fiscal year, we have identified 1 grants that Ace Mentor Program Of America Inc has recieved totaling $41,962.
Awarding Organization | Amount |
---|---|
Cleveland Foundation Cleveland, OH PURPOSE: PROVIDE PPE AND BASIC NEEDS SUPPORT FOR PROGRAM ALUMNI FROM 10 SCHOOLS ACROSS GREATER CLEVELAND TO HELP KEEP THEM ON THEIR COLLEGIATE PATHWAY | $41,962 |
Organization Name | Assets | Revenue |
---|---|---|
Starfish Inc Indianapolis, IN | $417,636 | $786,972 |
Covenant Community Development Corporation Fort Wayne, IN | $650,557 | $1,081,632 |
The Mentoring Partnership Of Southwestern Pa Pittsburgh, PA | $1,610,965 | $1,070,844 |
Youth Mentoring Partnership Exton, PA | $428,933 | $880,860 |
Weavers Way Community Programs Philadelphia, PA | $465,020 | $713,873 |
Life Essentials Inc Dayton, OH | $0 | $415,481 |
Big Brothers Big Sisters Of Greater Cleveland Columbus, OH | $1,033,301 | $464,302 |
Joshua And Caleb Leadership Centre Of Xcellence Jclcx Brecksville, OH | $130,600 | $490,922 |
Bing Youth Institute Inc Detroit, MI | $656,862 | $229,986 |
Mountain Laurel Learning Cooperative Davis, WV | $321,526 | $265,826 |
Beating The Odds Foundation Hollidaysburg, PA | $129,470 | $132,031 |
Trusted Mentors Inc Indianapolis, IN | $169,757 | $248,023 |