Ace In The City
- Assets
- $571.5k
- Revenue
- $294.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Minneapolis, MN
- Founding
- 01/2009
- Data as of
- 08/2021
- EIN
- 94-3442758
Organization Overview
Ace In The City is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Ace In The City employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace In The City 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 08/2021, Ace In The City generated $294.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $279.5k during the year ending 08/2021. While expenses have increased by 6.4% per year over the past 6 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
ACE IN THE CITY IS A CHRISTIAN COMMUNITY DEVELOPMENT ORGANIZATION WORKING TO CULTIVATE BELONGING THROUGH YOUTH LEADERSHIP, NEIGHBORHOOD ENGAGEMENT AND RELATIONSHIPS (INCLUDING BASKETBALL).
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACE|ABROAD PARTNERS WITH A CHILDREN'S HOME ACROSS THE EL PASO BORDER IN JUAREZ, MEXICO. OUR COLLABORATION WITH EMMANUEL CHILDREN'S HOME INCLUDES PROVIDING LEADERSHIP AND OVERSIGHT WITH THEIR SPONSORSHIP PROGRAM AS WELL AS THE LEADING OF MULTIPLE SHORT TERM MISSION TRIPS TO THE HOME EVERY YEAR.
ACE|YOUTH PROGRAMS ENCOMPASS ALL THE WORK WE DO WITH STUDENTS, KINDERGARTEN THROUGH 12TH GRADE. THE PROGRAMS INCLUDE LITERACY PROGRAMMING FOR OUR YOUNGER READERS (K-2), AFTER-SCHOOL PROGRAMMING, BASKETBALL AND MENTORING SERVICES AT OUR LOCAL PARK FOR STUDENTS K-8, LEADERSHIP DEVELOPMENT WITH OUR HIGH SCHOOL STUDENT LEADERS.
ACE|FAMILY PROGRAMS SEEK TO WALK ALONGSIDE OUR PARENTS AND ENTIRE FAMILY UNITS. THIS INCLUDES OUR ANNUAL BACK2SCHOOL BASH AND CHRISTMAS PARTY, GATHERINGS TO HELP OUR FAMILIES PREPARE FOR THE SCHOOL YEAR AND CHRISTMAS SEASON, AND ALSO INCLUDED A PARENT LANGUAGE ACQUISITION COURSE FOR OUR MOMS AND DADS WHO DESIRED TO GROW IN THEIR CONVERSATIONAL ENGLISH.
OTHER PROGRAMS INCLUDE: ACE|COMMUNITY PROGRAMS DESIRE TO EQUIP OUR NEIGHBORHOOD FOR THE CHALLENGES AND OPPORTUNITIES THAT ARISE. PART OF OUR COMMUNITY PROGRAMMING INVOLVES SEASONAL GATHERINGS TO DISCUSS AND IDENTIFY NEXT STEPS CONCERNING RELEVANT ISSUES IN OUR NEIGHBORHOOD, AND ALSO ENCOMPASSES OUR FOOD SECURITY WORK IN OUR LOCAL SCHOOL AND OUR ADVOCACY WORK ON THE MINNEAPOLIS RENTERS' COALITION.
ACE|ABROAD PARTNERS WITH A CHILDREN'S HOME ACROSS THE EL PASO BORDER IN JUAREZ, MEXICO. OUR COLLABORATION WITH EMMANUEL CHILDREN'S HOME INCLUDES PROVIDING LEADERSHIP AND OVERSIGHT WITH THEIR SPONSORSHIP PROGRAM AS WELL AS THE LEADING OF MULTIPLE SHORT TERM MISSION TRIPS TO THE HOME EVERY YEAR.
ACE|YOUTH PROGRAMS ENCOMPASS ALL THE WORK WE DO WITH STUDENTS, KINDERGARTEN THROUGH 12TH GRADE. THE PROGRAMS INCLUDE LITERACY PROGRAMMING FOR OUR YOUNGER READERS (K-2), AFTER-SCHOOL PROGRAMMING, BASKETBALL AND MENTORING SERVICES AT OUR LOCAL PARK FOR STUDENTS K-8, LEADERSHIP DEVELOPMENT WITH OUR HIGH SCHOOL STUDENT LEADERS.
ACE|FAMILY PROGRAMS SEEK TO WALK ALONGSIDE OUR PARENTS AND ENTIRE FAMILY UNITS. THIS INCLUDES OUR ANNUAL BACK2SCHOOL BASH AND CHRISTMAS PARTY, GATHERINGS TO HELP OUR FAMILIES PREPARE FOR THE SCHOOL YEAR AND CHRISTMAS SEASON, AND ALSO INCLUDED A PARENT LANGUAGE ACQUISITION COURSE FOR OUR MOMS AND DADS WHO DESIRED TO GROW IN THEIR CONVERSATIONAL ENGLISH.
OTHER PROGRAMS INCLUDE: ACE|COMMUNITY PROGRAMS DESIRE TO EQUIP OUR NEIGHBORHOOD FOR THE CHALLENGES AND OPPORTUNITIES THAT ARISE. PART OF OUR COMMUNITY PROGRAMMING INVOLVES SEASONAL GATHERINGS TO DISCUSS AND IDENTIFY NEXT STEPS CONCERNING RELEVANT ISSUES IN OUR NEIGHBORHOOD, AND ALSO ENCOMPASSES OUR FOOD SECURITY WORK IN OUR LOCAL SCHOOL AND OUR ADVOCACY WORK ON THE MINNEAPOLIS RENTERS' COALITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Anderson Executive Di | OfficerTrustee | 40 | $4,000 |
Nick Firkus President/se | OfficerTrustee | 5 | $0 |
Tabitha Montgomery Treasurer | OfficerTrustee | 4 | $0 |
Tyler Van Eps Board Member | Trustee | 3 | $0 |
Charles Johnson Board Member | Trustee | 3 | $0 |
Sarah Sherman Board Member | Trustee | 3 | $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 | $257,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,325 |
| Total Program Service Revenue | $0 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $378 |
| Payroll taxes | $17,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,218 |
| Advertising and promotion | $0 |
| Office expenses | $6,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,284 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $502 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,029 |
| Insurance | $3,182 |
| All other expenses | $0 |
| Total functional expenses | $279,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,183 |
| Savings and temporary cash investments | $714 |
| 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 | $488,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $571,485 |
| Accounts payable and accrued expenses | $41 |
| 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 | $190,520 |
| Other liabilities | $0 |
| Total liabilities | $190,561 |
| Net assets without donor restrictions | $380,924 |
| 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 | $571,485 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ace In The City has recieved totaling $278,287.
| Awarding Organization | Amount |
|---|---|
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $250,000 |
Frey Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,500 |
Bame Foundation Golden Valley, MN PURPOSE: CHARITABLE GIFT | $1,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
Minnesota Heat Hoops Inc Maple Grove, MN | $44,467 | $727,071 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Osseo Maple Grove Basketball Association Maple Grove, MN | $1,284,247 | $768,058 |
Wayzata Boys Basketball Association Plymouth, MN | $140,585 | $502,960 |
Central Minnesota Basketball Club Inc Sartell, MN | $56,235 | $442,197 |
Rochester Youth Baseball Association Inc Rochester, MN | $382,817 | $342,839 |
Farmington Youth Basketball Association Farmington, MN | $101,358 | $307,970 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
Lakeville North Boys Basketball Association Lakeville, MN | $246,595 | $289,956 |
24up Inc New Berlin, WI | $173,156 | $373,384 |