Adult Community Education
- Assets
- $37.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisa, VA
- Founding
- 01/2005
- Data as of
- 06/2024
- EIN
- 54-1670786
Organization Overview
Adult Community Education is located in Louisa, VA. The organization was established in 2005. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adult Community Education 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 06/2024, Adult Community Education generated $39.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $45.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ACE HAS PRIDED ITSELF ON TEACHING ILLITERATE ADULTS TO READ. IN THE JULY 1 2023-JUNE 30, 2024 FISCAL YEAR ACE MENTORED 25 ADULT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Frankel-Streit Key Employee | 25 | $13,631 | |
Terri S Cole President | 15 | $0 | |
Jeffrey Bruce Treasurer | 5 | $0 | |
Sharon Mcdonald Executive Director | 30 | $20,000 | |
JD Edwards Secretary | 10 | $0 | |
Alice Brown Morgan Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,922 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,922 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,802 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,643 |
| Printing, publications, postage, and shipping | $360 |
| Other expenses | $8,037 |
| Total expenses | $45,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,133 |
| Other assets | $0 |
| Total assets | $37,133 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,133 |