Ace Mentor Program Of America Inc
- Assets
- $8.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 51-0465877
Organization Overview
Ace Mentor Program Of America Inc is located in Philadelphia, PA. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Ace Mentor Program Of America Inc employed 9 individuals. This organization is a parent organization of 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 $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SCHOOL MENTORING PROGRAM FOR THE ARCHITECTURE, CONSTRUCTION AND ENGINEERING PROFESSIONS. TODAY, THE ACE MENTOR PROGRAM HAS PROGRAMS IN 200 CITIES IN 37 STATES AND OVER 10,000 STUDENTS WILL COMPLETE THE PROGRAM ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS ARE RECRUITED FROM BOTH PUBLIC AND PRIVATE HIGH SCHOOLS, WITH SPECIAL EFFORTS MADE TO REACH THOSE WOMEN AND MINORITIES WHO MIGHT OTHERWISE NOT BE AWARE OF THE CHALLENGES AND REWARDS OF CAREERS IN THE ARCHITECTURE, CONSTRUCTION AND ENGINEERING INDUSTRIES. STUDENTS SELECTED FOR THE PROGRAM ARE DIVIDED INTO TEAMS. THEY WORK UNDER THE GUIDANCE OF A TEAM OF MENTORS FROM FIRMS REPRESENTING OWNERS, ARCHITECTS, CONSTRUCTION MANAGERS AND ENGINEERS (MECHANICAL, ELECTRICAL, CIVIL AND STRUCTURAL).TEAMS MEET APPROXIMATELY FIFTEEN TIMES DURING THE COURSE OF THE SCHOOL YEAR IN AN AFTER-SCHOOL PROGRAM. INITIAL MEETINGS INVOLVE VISITS TO THE OFFICES OF THE INVOLVED FIRMS WHERE THE SCOPES OF THEIR ACTIVITIES ARE DISCUSSED AND A TOUR OF THE FACILITIES CONDUCTED. EACH TEAM THEN SELECTS A DESIGN PROJECT THAT MAY REQUIRE SITE ACQUISITION, AS WELL AS THE DRAWING OF PLANS, THE BUILDING OF MODELS, AND OTHER RELATED ACTIVITIES. STUDENTS GO THROUGH THE ENTIRE DESIGN PROCESS, WITH THE TASKS THEY PERFORM FOR THEIR "CLIENTS" MODELED ON THE REAL-LIFE ACTIVITIES OF THEIR MENTORING FIRMS. AMONG THE SKILLS THEY LEARN ARE DRAWING TO SCALE AND ESTIMATING THE COST OF A JOB, SKILLS THAT THEIR MENTORS UTILIZE IN PERFORMING THEIR DAILY PROFESSIONAL DUTIES. THE NATIONAL STAFF OF THE ACE MENTOR PROGRAM OF AMERICA SUPPORTS LOCAL AFFILIATES BY PROVIDING DIRECTION FOR FINANCIAL SOLVENCY, FISCAL COMPLIANCE PROGRAM DEVELOPMENT AND LONG-TERM STRATEGIC PLANNING. STAFF ALSO EVALUATE AND REVIEW AFFILIATE ACTIVITIES, DEVELOP REGIONAL ACTIVITIES, ENSURE PROPER COMMUNICATION SUPPORT AND COORDINATE NATIONAL ORGANIZATIONS AND SPONSORS.IN FISCAL YEAR 2021, THE ORGANIZATION SERVED APPROXIMATELY 7,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Eidenshink President | Officer | 40 | $200,149 |
Andrew Frankel Director Of Program Operat | Officer | 40 | $101,981 |
Stephanie Mcneely Director Of Development | Officer | 40 | $97,751 |
Peter J Davoren Chairman | OfficerTrustee | 2 | $0 |
Charles A Bacon III Vice Chairman | OfficerTrustee | 2 | $0 |
Jon Zeiler Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,187,061 |
| Total Program Service Revenue | $268,852 |
| Investment income | $23,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,586,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,450 |
| Grants and other assistance to domestic individuals. | $635,495 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $441,025 |
| Compensation of current officers, directors, key employees. | $94,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,098 |
| Payroll taxes | $66,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,196 |
| Fees for services: Other | $88,791 |
| Advertising and promotion | $0 |
| Office expenses | $65,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,467 |
| Travel | $25,845 |
| 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 | $11,369 |
| Insurance | $142,446 |
| All other expenses | $73,846 |
| Total functional expenses | $2,138,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,880,092 |
| Savings and temporary cash investments | $294,365 |
| Pledges and grants receivable | $3,381,632 |
| 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 | $78,907 |
| Net Land, buildings, and equipment | $38,861 |
| Investments—publicly traded securities | $2,389,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,476 |
| Total assets | $8,111,106 |
| Accounts payable and accrued expenses | $176,373 |
| Grants payable | $736,458 |
| 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 | $912,831 |
| Net assets without donor restrictions | $3,823,540 |
| Net assets with donor restrictions | $3,374,735 |
| 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 | $8,111,106 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ace Mentor Program Of America Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Agc Of Greater Milwaukee Inc Education And Research Foundation Milwaukee, WI PURPOSE: SCHOLARSHIP AND GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |
Stemcivics Inc Ewing Township, NJ | $5,738,931 | $13,034,787 |