NonprofitsAce Preparatory Inc

Education

Ace Preparatory Inc

INDIANAPOLIS, IN

Total revenue

$1.7M

Total expenses

$2.1M

Net assets

$45K

Grants received

$99K

6 grants

EIN

473128337

Tax year

2023

Mission

Through rigorous academics, positive character development, and excellence in everything we do, ace preparatory academy charter school educates kindergarten through grade 5 students for school success and lives of opportunity.

Programs

2 programs

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.

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.

Financials

FY 2023

Revenue

Contributions & grants$1.6M
Program service revenue
Investment income$14K
Other revenue$11K
Total revenue$1.7M

Expenses

Grants paid
Salaries & benefits$1.2M
Fundraising
Other expenses$881K
Total expenses$2.1M
Total assets$3.5M
Net assets$45K

People

7 listed

NameRoleCompensation

KERRIESHA ADAMS

COO

Board

$92K

45 hrs/wk

AMANDA LILES

PRINCIPAL

Board

$84K

45 hrs/wk

MITCHELL GAUGER

PRESIDENT

Board

0.5 hrs/wk

TATIANA DAY

VICE PRESIDENT

Board

0.5 hrs/wk

FRANK JEFF

TREASURER

Board

0.5 hrs/wk

LAUREN LOPEZ

SECRETARY

Board

0.5 hrs/wk

GLENN MAX

MEMBER

Board

0.5 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$20K
Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract
2023
$19K
THE GRANT IS PROVIDED TO ASSIST ACE PREPARATORY ACADEMY IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO SUPPORT THE SCHOOL IN ITS ENROLLMENT EFFORTS.
2023
$43K
Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the grant/Contract
2022
$5K
PROVIDED NEEDED SUPPLIES TO STUDENTS IN NEED
2021
$7K
ASSISTANCE TO SCHOOL
2018
$6K
ASSISTANCE TO SCHOOL
2017

Funded by

$99K from 3 funders · 6 grants · 2017–2023

University of Indianapolis

$62K · 2 grants · 2022–2023

The Mind Trust Inc

$19K · 1 grant · 2023

Teachers' Treasures Inc

$18K · 3 grants · 2017–2021

Details

EIN473128337
NTEE codeB24
Subsection03
Ruling date2015-04
Formed2015
Employees22
Volunteers5
ACE PREPARATORY INC — Mission, Financials & Grants Received | Grantivo