EIN 47-3128337

Ace Preparatory

IRS 501(c) type
501(c)(3)
Num. employees
22
State
Year formed
2015
Most recent tax filings
2024-06-01
NTEE code, primary
Description
Ace Preparatory educates kindergarten through grade 5 students for school success and lives of opportunity through rigorous academics, positive character development, and excellence in everything they do. The school was awarded a $900,000.00 quality counts grant through the Indiana Department of Education's charter school program, enabling them to hire additional instructional and support staff specifically to address individual learning needs.
Total revenues
$1,663,448
2024
Total expenses
$2,058,220
2024
Total assets
$3,452,753
2024
Num. employees
22
2024

Program areas at Ace Preparatory

Our scholars have continued to make substantial academic progress. 64% were at or above grade level in reading per their end of year iready reading scores, which is a nationally normed assessment. Of the 36% of scholars who were below grade level, 88% of these scholars made significant growth towards their end of year growth goal.
Our state test scores for iread-3 and ilearn all indicate improvement. Our iread-3 passage rate in 2024 was 90.5% up from 76% in 2023, 62% in 2022, and 52% in 2021.
In math, 75% of scholars were at or above grade level per their end of year iready scores. Of the 25% below grade level, 77% made significant growth towards their end of year growth goal.

Who funds Ace Preparatory

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
University of Indianapolis (UIndy)Reimbursing Schools for Teacher Stipends, Supplies, and Equipment That Are Related To the Purpose of the Grant/contract$42,565
Teachers TreasuresProvided Needed Supplies To Students in Need$0

Personnel at Ace Preparatory

NameTitleCompensation
Kerriesha AdamsChief Operating Officer$79,144
Mrs. LilesPrincipal
Mrs. SloatDirector of Scholar Services
Ms. HardieFront Office Manager
Amanda LilesPast Principal$73,317
...and 1 more key personnel

Financials for Ace Preparatory

RevenuesFYE 06/2024
Total grants, contributions, etc.$1,638,939
Program services$0
Investment income and dividends$13,613
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$10,896
Total revenues$1,663,448

Form 990s for Ace Preparatory

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-14990View PDF
2023-062024-03-19990View PDF
2022-062023-04-03990View PDF
2021-062022-05-13990View PDF
2020-062022-04-05990View PDF
...and 5 more Form 990s

Organizations like Ace Preparatory

OrganizationLocationRevenue
Canaan Community AcademyCanaan, IN$2,469,491
Poughkeepsie Day SchoolPoughkeepsie, NY$1,481,126
Augusta Heritage AcademyAugusta, GA$4,078,032
Kinder Cub SchoolCross City, FL$1,424,141
Innovate Academy and Preparatory School CorporationEagle, ID$3,061,252
Ashbrook Independent SchoolCorvallis, OR$3,124,818
Christ Church SchoolParadise Valley, AZ$2,121,570
Pike Liberal Arts School FoundationTroy, AL$3,687,971
Houston ClassicalHouston, TX$6,032,527
Bayou Village SchoolHouston, TX$1,296,990
Data update history
October 25, 2024
Updated personnel
Identified 6 new personnel
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $42,565 from University of Indianapolis (UIndy)
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 2 new personnel
June 22, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsK-12 schoolsCharities
Issues
Education
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
5326 Hillside Ave
Indianapolis, IN 46220
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
aceprepacademy.org/ 
Phone
(317) 744-9847
IRS details
EIN
47-3128337
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B24: Elementary School
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Independent
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