ALLIANCE CENTER FOR EDUCATION INC

EIN: 560543244 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$10,992,194
Total Expenses
$10,456,187
Total Assets
$4,978,136
Net Assets
$3,588,085
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NC
Principal Officer
JARED KEATON
Phone
7043717447
Tax Period
2024-01-01 to 2024-12-31

ALLIANCE CENTER FOR EDUCATION INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2024. Expenses of $10.5M left a modest 5% surplus.

Mission

OUR MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION AND SUPPORT FOR CHILDREN IN NEED THROUGH PARTNERSHIP WITH THEIR FAMILIES. OUR VISION IS TO POSITIVELY AFFECT THE FUTURE OF CHILDREN AT RISK BY IMPROVING ECONOMIC MOBILITY THROUGH EDUCATION. WE FIRMLY BELIEVE THAT EDUCATION IS A POWERFUL CATALYST FOR BREAKING THE CYCLE OF POVERTY. BY INVESTING IN FAMILY ENGAGEMENT AND OFFERING HOLISTIC SUPPORT, WE ARE PAVING THE WAY FOR A BRIGHTER FUTURE, WHERE EVERY CHILD HAS THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL. TOGETHER, WE ARE BUILDING A BRIDGE TO SUCCESS, ONE FAMILY AT A TIME. OUR PROGRAMS ARE A BEACON OF HOPE, OFFERED TO ELIGIBLE CHILDREN AND FAMILIES AT NO COST. TO ENSURE TARGETED IMPACT, WE EMPLOY A METICULOUS RECRUITMENT,SELECTION, AND ENROLLMENT PROCESS, REACHING THE POPULATIONS IN GREATEST NEED OF OUR SERVICES. UPON ENROLLMENT, EACH FAMILY RECEIVES PERSONALIZED SUPPORT FROM OUR DEDICATED TEAM MEMBERS. TOGETHER, THEY SET AMBITIOUS STUDENT AND FAMILY GOALS, AND WE LEAVE NO STONE UNTURNED

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,805,087
Program Service Revenue $75,134
Investment Income $111,973
Other Revenue $0
TOTAL REVENUE $10,992,194

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,224,091
Fundraising Expenses $0
Program Expenses $8,979,823
Other Expenses $3,232,096
TOTAL EXPENSES $10,456,187

Year-over-Year Comparison

2024 2023 Change
Revenue $10,992,194 $10,629,946 +0.0%
Expenses $10,456,187 $10,748,690 0.0%
Net Income $536,007 $-118,744 -5.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
132
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$291,680
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JARED KEATON CEO 40.00
Officer
$182,757 $0 $182,757
BRIAN LUCKADOO CFO 40.00
Officer
$108,923 $0 $108,923
ALEXANDRIA ADDISON DIRECTOR N/A
Director
$0 $0 $0
MAUDRE ADDISON DIRECTOR N/A
Director
$0 $0 $0
TAYLOR BARBOUR DIRECTOR N/A
Director
$0 $0 $0
ANDY BELK DIRECTOR N/A
Director
$0 $0 $0
DIANN BLACK DIRECTOR N/A
Director
$0 $0 $0
BISHOP KEN CARTER DIRECTOR N/A
Director
$0 $0 $0
JOHN DEMICCO DIRECTOR N/A
Director
$0 $0 $0
SAMANTHA DUNBAR DIRECTOR N/A
Director
$0 $0 $0
STEPHANIE JONES DIRECTOR N/A
Director
$0 $0 $0
KIM LANGSTAFF DIRECTOR N/A
Director
$0 $0 $0
JORGE MANJARRES DIRECTOR N/A
Director
$0 $0 $0
MICHELENE MATHEWS DIRECTOR N/A
Director
$0 $0 $0
REV DANIEL PEZET DIRECTOR N/A
Director
$0 $0 $0
ANTHONY STRADFORD DIRECTOR N/A
Director
$0 $0 $0
JOANIE STROHM DIRECTOR N/A
Director
$0 $0 $0
RONDA WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $10,992,194 $10,456,187 $4,978,136 $536,007
2023 $10,629,946 $10,748,690 $4,759,546 $-118,744
2022 $9,656,987 $9,941,270 $4,956,730 $-284,283
2021 $11,149,397 $9,479,613 $4,798,728 $1,669,784
2020 $10,465,918 $9,686,460 $4,613,212 $779,458
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