2024-04-03T15:13:58-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 261570590 ACE CHARTER SCHOOL ACEC 4082956008 1100 SHASTA AVE 250 SAN JOSE CA 95126 KENNEDY HILARIO CEO 4082956008 2024-04-02 1 KENNEDY HILARIO 999009999 0 MARLEN GOMEZ P01306775 6268577300 2024-04-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENNEDY HILARIO 1100 SHASTA AVE 250 SAN JOSE CA 95126 21305219 0 X WWW.ACECHARTER.ORG X 2008 CA TO OPERATE PUBLIC CHARTER SCHOOLS AND PROVIDE EDUCATIONAL PROGRAMS. 10 10 241 15 0 0 22335011 21256821 0 0 6076 8649 25647 39749 22366734 21305219 0 0 0 0 14133152 12887903 0 0 18149 7229347 8294342 21362499 21182245 1004235 122974 9307537 26503525 4416533 21489547 4891004 5013978 ACE CREATES A WELCOMING COMMUNITY FOCUSED ON GROWTH TO HELP STUDENTS, ESPECIALLY THOSE WHO HAVE BEEN NEGLECTED, SEE THEY BELONG IN SCHOOL. BY LEARNING OPTIMISM, SELF-CONFIDENCE AND AMBITION, STUDENTS ARE POISED TO THRIVE IN COLLEGE AND BEYOND. 0 0 17148031 PROVIDED EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. THE SCHOOL SERVED APPROXIMATELY 950 STUDENTS IN THE 2022-2023 FISCAL YEAR. 17148031 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 61 0 1 241 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X KENNEDY HILARIO 4082956008 1100 SHASTA AVE SUITE 250 SAN JOSE CA 95126 ERIC GONZALES BOARD CHAIR 2.00 0.00 X X 0 0 0 DR LINDA MURRAY SECRETARY 2.00 0.00 X X 0 0 0 KEVIN KAEFER TREASURER 2.00 0.00 X X 0 0 0 TANIA WILCOX BOARD MEMBER 2.00 0.00 X 0 0 0 DR MARY LAIRON BOARD MEMBER 2.00 0.00 X 0 0 0 JILL CASE BOARD MEMBER 2.00 0.00 X 0 0 0 ANNETTE LORENZ BOARD MEMBER 2.00 0.00 X 0 0 0 LARRY KUECHLER BOARD MEMBER 2.00 0.00 X 0 0 0 IRENE MORAN IBOA BOARD MEMBER 2.00 0.00 X 0 0 0 ROGER MILTON BOARD MEMBER 2.00 0.00 X 0 0 0 KENNEDY HILARIO START 722 CEO 40.00 1.00 X 115233 0 15792 GREGORY LIPPMAN END 722 CEO 40.00 1.00 X 145976 0 16547 ANTONIUS WIDIARTO IT MANAGER 40.00 0.00 X 136354 0 35101 ALMA BRAVO SENIOR DIRECTOR 40.00 0.00 X 172855 0 21702 ZOE DUSKIN SENIOR DIRECTOR 40.00 0.00 X 152999 0 81602 JARRETT POSTON PRINCIPAL 40.00 0.00 X 141958 0 56630 VU LONG TRINH CHIEF SCHOOLS OFFICER 40.00 0.00 X 126321 0 51222 991696 0 278596 27 0 1 0 0 20086208 1170613 21256821 8649 8649 OTHER REVENUE 900099 39749 39749 39749 21305219 0 0 48398 292968 73242 219726 10017052 8896350 1120702 948570 891549 57021 1125011 998278 126733 504302 433850 70452 406608 406608 22086 22086 73212 73212 1986828 1561152 425676 615095 140146 474949 362359 331749 30610 2234772 1881004 353768 124209 45520 78689 237377 237377 16406 16406 69860 69860 156572 156572 OTHER EXPENSES 481629 80735 382745 18149 STUDENT ACTIVITIES 450948 450948 NONCAPITALIZED EQUIPMEN 433040 433040 FOOD SERVICES 349489 349489 273852 273742 110 21182245 17148031 4016065 18149 2436360 6800933 2845139 5279652 40349 519322 348066 1547546 545203 1072203 1002343 0 15466695 9307537 26503525 1610633 2175567 503954 1505762 940837 748991 1361109 17059227 4416533 21489547 X 4891004 5013978 4891004 5013978 9307537 26503525 122974 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1382550 380325 1002225 164996 164878 118 1002343 OPERATING RIGHT-OF-USE (ROU) ASSETS 15466695 15466695 OPERATING LEASE LIABILITY 17059227 17059227 X 21305219 0 21305219 0 21305219 21182245 0 21182245 0 21182245 PART X, LINE 2: THE SCHOOL AND FOUNDATION ARE NONPROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE SCHOOL AND FOUNDATION ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. NO INCOME TAXES ARE PAID BY THE SCHOOL. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 ALL STUDENT ENROLLMENT MATERIALS CLEARLY STATE THE POLICY, THOSE MATERIALS ARE MAILED OUT TO THOUSANDS OF HOUSEHOLDS IN SAN JOSE CA. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL AND OFFERS NO FINANCIAL AID OR ASSISTANCE. SCHEDULE E, PART I, LINE 6 ACE CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. X X X X X 0 0 0 0 0 0 0 0 0 ZOE DUSKIN SENIOR DIRECTOR 152999 0 0 0 0 0 31434 0 50168 0 234601 0 0 0 JARRETT POSTON PRINCIPAL 141958 0 0 0 0 0 30257 0 26373 0 198588 0 0 0 ALMA BRAVO SENIOR DIRECTOR 172855 0 0 0 0 0 6250 0 15452 0 194557 0 0 0 VU LONG TRINH CHIEF SCHOOLS OFFICER 126321 0 0 0 0 0 21700 0 29522 0 177543 0 0 0 ANTONIUS WIDIARTO IT MANAGER 136354 0 0 0 0 0 5454 0 29647 0 171455 0 0 0 GREGORY LIPPMAN END 722 CEO 145976 0 0 0 0 0 325 0 16222 0 162523 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND CEO. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE CEO'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL PROVIDES A COPY OF THE 990 TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR ACE CHARTER SCHOOL FOUNDATION INC 1100 SHASTA AVENUE SAN JOSE CA 95126 451606949 SUPPORT CA 501(C)(3) LINE 12A, I ACE CHARTER SCHOOL 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 ACE CHARTER SCHOOL FOUNDATION K 1002824 FAIR MARKET VALUE