Accelerated Christian Education Ministries 
The information on this page was last updated 9/21/2023. If you see errors or omissions, please email: [email protected]
Summary
A.C.E. provides Bible-based K-12 curriculum, consisting of reading programs, core subjects, electives, and student programs. A.C.E. equips churches and parents in the training of their children with character-building academic curriculum like none other.
Contact information
Mailing address:
Accelerated Christian Education Ministries
PO Box 2707
Hendersonville, TN 37077-2707
Website: aceministries.com
Phone: 615-612-5200
Email: [email protected]
Organization details
EIN: 752819736
CEO/President: Esther Howard
Chairman:
Board size: 3
Founder:
Ruling year: 2000
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Academic achievement is one of the greatest strengths of A.C.E. School of Tomorrow®. Graduates from the A.C.E. program are attending more than 1,400 colleges and universities globally with outstanding performance.
Conventional educational programs take the student through a spiral of material while introducing him to new skills in sequence. Since students are grouped chronologically, they are lockstepped and receive the same material at the same time. However, students do not necessarily all have the same level of maturity as others of their chronological age, and their natural learning rates are not lockstepped with other students. The above-average student may master the skill the first time he is exposed to it, the average student may pick up part of it, and the below-average student will often grasp only a minimum amount or fail to understand it entirely. As the spiral continues, some students stay out in front while others are left behind for a season (or for good).
The A.C.E. program is designed around a new format: that of building skill upon skill. The scope and sequence ignores the concept of grade level and moves with continuous progress beginning with the first skill to be mastered. Depending on their ability and motivation levels, students may move ahead rapidly or take as long as necessary, but each student masters the material.
As the student moves upward, level after level, and moves into new concepts, he is far better prepared to learn because he has mastered the skill on the previous level. He does not advance until he has mastered each concept. He is not lockstepped with his classmates but is learning individually and completely before advancing. A.C.E. implements a unique and effective system.
Mission statement
To operate a private elementary and secondary school to provide a biblically based education in all branches of knowledge.
Statement of faith
We believe in:
The plenary, verbal inspiration of the Bible, equally and in all parts and without error;
The one God, eternally existent Father, Son, and Holy Spirit, Who created man by a direct, immediate act;
The preexistence, incarnation, virgin birth, sinless life, miracles, substitutionary death, bodily resurrection, ascension to Heaven, and second coming of the Lord Jesus Christ;
The fall of man, the need for regeneration by the operation of the Holy Spirit through personal faith in Jesus Christ as Saviour on the basis of grace alone, and the resurrection of every person to either eternal life or eternal damnation;
The spiritual relationship of all believers in the Lord Jesus Christ, living a life of righteous works, separated from the world, and witnessing of His saving grace through the ministry of the Holy Spirit;
The Biblical mandate of the Great Commandment and the Great Commission for all Believers to proclaim the Gospel and to disciple all nations.
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 821 of 1104 | 46 of 48 |
| Fund acquisition rating | | 466 of 1105 | 34 of 48 |
| Resource allocation rating | | 1025 of 1105 | 48 of 48 |
| Asset utilization rating | | 643 of 1104 | 34 of 48 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 3% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 1% | 1% | 0% | 1% | 1% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 3% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 99% | 99% | 100% | 99% | 99% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 65% | 64% | 64% | 69% | 100% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 74% | 76% | 85% | 80% | 90% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 48% | 49% | 55% | 56% | 90% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 26% | 24% | 15% | 20% | 10% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 6% | 6% | 4% | 5% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 35% | 36% | 36% | 31% | 0% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.46 | 0.17 | 0.18 | 0.20 | 0.20 | 0.21 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.08 | 1.17 | 1.18 | 1.20 | 1.21 | 1.22 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 0.20 | 0.22 | 0.24 | 0.24 | 0.26 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 3.01 | 16.89 | 12.56 | 12.88 | 13.32 | 14.03 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.33 | 0.06 | 0.08 | 0.08 | 0.08 | 0.07 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.19 | 57.27 | 50.80 | 46.28 | 46.76 | 43.02 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 33% | 6% | 7% | 6% | 6% | 6% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 143% | 559% | 507% | 468% | 477% | 444% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $8,677,660 | $6,685,134 | $4,612,005 | $4,271,842 | $3,505,593 |
| Receivables, inventories, prepaids | $190,195 | $193,458 | $299,990 | $339,182 | $413,253 |
| Short-term investments | $1,687,670 | $3,093,399 | $4,314,574 | $4,181,026 | $4,277,589 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $10,555,525 | $9,971,991 | $9,226,569 | $8,792,050 | $8,196,435 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,817,658 | $1,817,658 | $1,817,658 | $1,817,658 | $1,817,658 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $1,817,658 | $1,817,658 | $1,817,658 | $1,817,658 | $1,817,658 |
| Total assets | $12,373,183 | $11,789,649 | $11,044,227 | $10,609,708 | $10,014,093 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $68,987 | $205,452 | $209,300 | $175,602 | $95,410 |
| Other current liabilities | $555,830 | $588,193 | $507,208 | $484,346 | $488,976 |
| Total current liabilities | $624,817 | $793,645 | $716,508 | $659,948 | $584,386 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $111,274 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $111,274 | $0 | $0 | $0 | $0 |
| Total liabilities | $736,091 | $793,645 | $716,508 | $659,948 | $584,386 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $11,637,092 | $10,996,004 | $10,322,719 | $9,942,760 | $9,383,707 |
| With donor restrictions | $0 | $0 | $5,000 | $7,000 | $46,000 |
| Net assets | $11,637,092 | $10,996,004 | $10,327,719 | $9,949,760 | $9,429,707 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $21,551 | $20,706 | $11,563 | $30,222 | $25,211 |
| Program service revenue | $1,802,490 | $1,736,313 | $1,484,253 | $1,490,857 | $1,591,177 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $54,903 | $46,305 | $226,977 | $240,030 | $10,666 |
| Other revenue | $949,120 | $1,033,195 | $861,924 | $845,852 | $734,121 |
| Total other revenue | $2,806,513 | $2,815,813 | $2,573,154 | $2,576,739 | $2,335,964 |
| Total revenue | $2,828,064 | $2,836,519 | $2,584,717 | $2,606,961 | $2,361,175 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $1,348,059 | $1,380,207 | $1,409,241 | $1,447,995 | $2,123,097 |
| Management and general | $732,789 | $788,027 | $797,517 | $638,913 | $0 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $2,080,848 | $2,168,234 | $2,206,758 | $2,086,908 | $2,123,097 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $747,216 | $668,285 | $377,959 | $520,053 | $238,078 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $747,216 | $668,285 | $377,959 | $520,053 | $238,078 |
Compensation
| Name | Title | Compensation |
| Esther Howard | President/Director | $133,959 |
| Scott Spencer | Executive Dir of Finance | $102,691 |
| Florence Hester | Secretary/Director | $57,252 |
Compensation data as of: 6/30/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/21/2023. To update the information below, please email: [email protected]