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Nonprofit · EIN 26-0302036

ACE FOUNDATION INC

Tax-exempt (reinstated) · MIAMI, FL 33143

Financials

$1.1M$995K2023$898K$1.1M2024
Revenue Expenses · by fiscal year end
Financials of ACE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$897,884$1,061,352-$163,468$1,151,651$12,825$1,138,826
December 31, 2023990$1,097,700$995,219$102,481$1,302,294$0$1,302,294
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$897,884
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$43,571
Other salaries and wages
$279,636
Salaries, compensation and benefits (total)
$315,057
Professional fundraising fees
$0
Program services (functional)
$1,051,165
Management and general (functional)
$10,187

Balance sheet and other

Total assets, start of year
$1,302,294
Total assets, end of year
$1,151,651
Total liabilities, end of year
$12,825
Net assets, end of year
$1,138,826
Net assets without donor restrictions
$1,103,826
Net assets with donor restrictions
$35,000
Gross receipts
$897,884
Employees
2
Volunteers
7
Year formed
2007
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MS ANITERE FLORESDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$150,000
SHANNIE SADESKYDIRECTOR OF COMMUNICATIONS
Highest-paid employee
40$133,723
MR CHARLES A GIBSONDIRECTOR, PRESIDENT
Trustee or director, Officer
5$0
MS ANA MARIA ZULUETADIRECTOR
Trustee or director
1$0
MS LILIAN ZULUETADIRECTOR
Trustee or director
1$0
MS ELEONORA CUESTASECRETARY, DIRECTOR
Trustee or director, Officer
6$0
MR RYAN REEVESTREASURER, DIRECTOR
Trustee or director, Officer
6$0
MS ATHENA GUILLENDIRECTOR
Trustee or director
1$0
MS SUSIE DOPICODIRECTOR
Trustee or director
1$0
MR DANIEL DIAZEXECUTIVE DIRECTOR
Trustee or director, Officer
14$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
MS ANITERE FLORESDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$150,000
SHANNIE SADESKYDIRECTOR OF COMMUNICATIONS
Highest-paid employee
40$133,723
MR CHARLES A GIBSONDIRECTOR, PRESIDENT
Trustee or director, Officer
5$0
MS ANA MARIA ZULUETADIRECTOR
Trustee or director
1$0
MS LILIAN ZULUETADIRECTOR
Trustee or director
1$0
MS ELEONORA CUESTASECRETARY, DIRECTOR
Trustee or director, Officer
6$0
MR RYAN REEVESTREASURER, DIRECTOR
Trustee or director, Officer
6$0
MS ATHENA GUILLENDIRECTOR
Trustee or director
1$0
MS SUSIE DOPICODIRECTOR
Trustee or director
1$0
MR DANIEL DIAZEXECUTIVE DIRECTOR
Trustee or director, Officer
14$0

Address and contacts

Address (IRS master file)
6340 SUNSET DR, MIAMI, FL 33143-4836
In care of
% HENRY H RAATTAMA JR
Principal officer (990 for 2024)
MR DANIEL DIAZ, 6340 SUNSET DRIVE, MIAMI, FL 33143
Signed the 990
DANIEL DIAZ, EXECUTIVE DIRECTOR
Phone
(305) 669-2906
Return prepared by
HLB GRAVIER LLP

Mission

THE ACE FOUNDATION WAS ESTABLISHED TO SUPPORT EDUCATIONAL PROJECTS AND EVENTS THAT ENHANCE THE PUBLIC EDUCATION SYSTEM AND INCREASE STUDENT ACHIEVEMENT. THE MISSION OF THE FOUNDATION IS TO ENHANCE THE EDUCATIONAL OPPORTUNITIES OF CHARTER SCHOOL STUDENTS BY PROVIDING FINANCIAL AND COMMUNITY-BASED RESOURCES TO SUPPLEMENT CHARTER SCHOOL PROGRAMS AND INITIATIVES.THE PURPOSE OF THE ORGANIZATION IS TO ALLOCATE RESOURCES TO IMPROVE THE EDUCATION EFFORT THROUGH INITIATIVES SUCH AS TEACHER AND SCHOOL GRANTS, STUDENT SCHOLARSHIPS, AND RECOGNITION OF EDUCATIONAL EXCELLENCE. THE ORGANIZATION CONDUCTS FUNDRAISING ACTIVITIES AND SPONSORS ANNUAL EVENTS SUCH AS ART AUCTIONS/RECOGNITION CEREMONIES TO RAISE FUNDS FOR EDUCATIONAL NOT-FOR PROFIT ENTITIES IN THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION CONDUCTS FUNDRAISERS DURING THE YEAR IN ORDER TO SUPPORT CHARTER SCHOOLS. DURING 2024 IT WAS ABLE TO PROVIDE THE EDUCATORS OF CHARTER SCHOOLS WITH SUPPORT TO IMPROVE THEIR EDUCATION EFFORTS. SOME OF THE PROGRAMS USED INCLUDED TEACHER AND SCHOOL GRANTS, ANNUAL EVENTS SUCH AS ART AUCTIONS, RECOGNITION CEREMONIES AND SUMMER CAMP PROGRAMS.
    Expenses $1,051,165 · grants $43,571

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-0302036
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$1,151,651
Income (IRS master file)
$897,884

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
August 21, 2013
Reinstated
Effective August 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$897,884$1,061,352$1,151,651XML
990December 2023$1,097,700$995,219$1,302,294XML
990-TDecember 2023–––IRS
990December 2022$2,078,496$1,061,205$1,199,813IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0302036).

Questions about ACE FOUNDATION INC

What is the EIN of ACE FOUNDATION INC?
The employer identification number (EIN) of ACE FOUNDATION INC is 26-0302036.
Is ACE FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective August 15, 2012.
Are donations to ACE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ACE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ACE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ACE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ACE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MR DANIEL DIAZ.
Who are the officers and directors of ACE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $150,000 (MS ANITERE FLORES, DIRECTOR OF DEVELOPMENT).
How much revenue does ACE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $897,884, expenses of $1,061,352 and total assets of $1,151,651 at year end.

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