Ace Mentor Program Of America Inc
- Assets
- $623.7k
- Revenue
- $507.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 81-0558183
Organization Overview
Ace Mentor Program Of America Inc is located in Chicago, IL. 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. 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 $507.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $494.5k during the year ending 12/2021. While expenses have increased by 8.9% 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
TO ENLIGHTEN AND MOTIVATE STUDENTS TOWARD ARCHITECTURE, CONSTRUCTION, ENGINEERING AND RELATED CAREERS AND TO PROVIDE MENTORING AND SCHOLARSHIP OPPORTUNITIES FOR FUTURE DESIGNERS AND CONSTRUCTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED 77 COLLEGE SCHOLARSHIPS FOR THE 2020-2021 SCHOOL YEAR.
MENTORING- THIS IS A YEAR-ROUND AFTER-SCHOOL PROGRAM THAT INTRODUCES HIGH SCHOOL STUDENTS FROM THE CHICAGO AREA TO CAREER OPPORTUNITIES IN ARCHITECTURE, CONSTRUCTION AND ENGINEERING. THROUGHOUT THE 17 WEEKS OF THE PROGRAM, STUDENTS WORK ALONGSIDE PROFESSIONAL MENTORS AND THEIR PEERS FROM ACROSS THE REGION TO RESPOND TO A DESIGN CHALLENGE. SELECT STUDENTS ARE AWARDED COLLEGE SCHOLARSHIPS, PAID INTERNSHIPS, AND DESIGN BUILD APPRENTICESHIPS TO ENCOURAGE THEIR CAREER PATHWAY IN THE ACE PROFESSIONS.DURING THE 2020-2021 SCHOOL YEAR, 200 STUDENTS FROM NUMEROUS CITYWIDE HIGH SCHOOLS (PRIMARILY CHICAGO PUBLIC SCHOOLS) PARTICIPATED ON TEAMS WITH MENTORS FROM PROFESSIONAL A/E/C FIRMS.
A SELECT GROUP OF THE STUDENTS FROM THE AFTER-SCHOOL PROGRAM APPLY TO AND ARE ACCEPTED INTO A DESIGN BUILD WORKSHOP PROGRAM OVER THE SUMMER. UP TO 21 STUDENTS AND 4 COLLEGE AGED TEACHING ASSISTANTS, WHO ARE ACE ALUMNI WORK COLLABORATIVELY TO DESIGN AND BUILD SOMETHING TO SPECIFICALLY MEET THE NEEDS OF A COMMUNITY-BASED CLIENT. STUDENTS ARE AWARDED A ONE-TIME, $1,500 COLLEGE SCHOLARSHIP AND TEACHING ASSISTANTS ARE AWARDED A ONE-TIME $2,500 SCHOLARSHIP FOR THEIR PARTICIPATION IN THE PROGRAM. 21 STUDENT SCHOLARSHIPS AND 4 TEACHING ASSISTANT SCHOLARSHIPS WERE AWARDED DURING THE 2020-2021 SCHOOL YEAR FOR THE DESIGN BUILD WORKSHOP PROGRAM THAT TOOK PLACE OVER THE SUMMER OF 2021.
OVER THE PAST TWO PLUS YEARS, ACE HAS PUT MUCH EFFORT INTO TRACKING THE SUCCESS OF OUR ALUMNI - STUDENTS WHO HAVE GRADUATED FROM OUR HIGH SCHOOL PROGRAM AND ARE NOW IN COLLEGE OR IN THE PROFESSION. TO THIS END, WE'VE CREATED PROGRAMS THAT ASSIST WITH NETWORKING, INTERNSHIP SEARCHES, AND RESUME AND PORTFOLIO WORKSHOPS TO SUPPORT THESE ALUMNI AND HELP THEM BE SUCCESSFUL IN THEIR CAREER PATHWAY. THERE WAS NO ACTIVITY IN THE ALUMNI PROGRAM FOR 2021 DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krisann Rehbein Executive Director | Officer | 20 | $63,000 |
Matt Gibbons Treasurer | OfficerTrustee | 1.5 | $0 |
Criss Paccione-Anderson Vice Chair | OfficerTrustee | 1.5 | $0 |
Juan Betancur Board Chair | OfficerTrustee | 1.5 | $0 |
Geoffrey Dauksas Secretary | OfficerTrustee | 1.5 | $0 |
Stephen Siegle Director | Trustee | 1.5 | $0 |
Financial Statements
| 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 | $503,124 |
| Noncash contributions included in lines 1a–1f | $88,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,124 |
| Total Program Service Revenue | $0 |
| Investment income | $775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $277,045 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation of current officers, directors, key employees. | $12,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $22,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,905 |
| Advertising and promotion | $0 |
| Office expenses | $10,923 |
| Information technology | $26,295 |
| 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 | $6,032 |
| All other expenses | $0 |
| Total functional expenses | $494,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $534,753 |
| Pledges and grants receivable | $76,695 |
| 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 | $12,264 |
| 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 | $623,712 |
| Accounts payable and accrued expenses | $4,242 |
| Grants payable | $54,812 |
| Deferred revenue | $3,950 |
| 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 | $63,004 |
| Net assets without donor restrictions | $407,689 |
| Net assets with donor restrictions | $153,019 |
| 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 | $623,712 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ace Mentor Program Of America Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |