Charity Search / ACES EDUCATION FOUNDATION INC
Philanthropy & Grantmaking (T202) IRS Verified DX Registered 990 on File

ACES EDUCATION FOUNDATION INC

EIN: 41-2108698 · WALLINGFORD, CT 06492-0577 · United States · FY 2023 Data
3 out of 5 58 / 100 Based on one year of filings
Financial strength (30%) 99/100
Reliability (20%) 55/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

The ACES Education Foundation—a non-profit charitable organization—exists to support the educational purposes of ACES; advance ACES educational programs, plans, and goals; educate the public about ACES mission and the services ACES offers; and raise funds on behalf of ACES in order to support its programs and enable it to carry out programs and activities not otherwise possible. Founded in 2003, the ACES Education Foundation educates the public about how ACES (Area Cooperative Educational Services) benefits students, clients, member school districts and the south central Connecticut community. The Foundation raises funds that are used to enrich and enhance educational experiences in ACES schools and programs. It grants awards for innovative projects developed by ACES teachers and staff. Since its inception, the Foundation has raised over $600,000 and has helped over 30,000 ACES students and families. In 2015-16, the ACES Foundation raised $88,000 and awarded $62,656 in grants and fund-a-need families.

Financial Overview — FY 2023
$168K
Total Revenue
$123K
Total Expenses
$148K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.3%
Fundraising Efficiency 0.0%
Operating Reserve 14.48x
Liability-to-Asset 0.1%
Revenue Diversification 60.2%
Compared with Peers
FY 2023
Compared with 26,148 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.3% 90.7%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
23.7% 7.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
0.0% 7.3%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
14.5 mo 106.5 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.1% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
60.2% 90.6%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-16.0% 4.1%
P10P90
Expense growth
Year over year expense growth
-31.5% 2.5%
P10P90
Surplus margin
Surplus as a share of revenue
27.0% -10.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $168K $123K $148K 76.3% 0
2022 $200K $179K N/A 0
2021 $114K $42K N/A 0
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Organization Details
EIN
41-2108698
State
CT
City
WALLINGFORD
ZIP
06492-0577
Classification
T202
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
B
Last Updated
Aug 2026
IRS Ruling Year
2003
Foundation Code
15
Form 990
On File
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