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Ace Group Foundation Inc. is a private corporation based in LEXINGTON PARK, MD. The foundation received its IRS ruling in 2020. The principal officer is Michael Mcnellis. It holds total assets of $18K. Annual income is reported at $16K. The foundation is governed by 9 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Maryland. According to available records, Ace Group Foundation Inc. has made 15 grants totaling $25K, with a median grant of $2K. Annual giving has grown from $5K in 2021 to $10K in 2023. Individual grants have ranged from $1K to $3K, with an average award of $2K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Maryland and California and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$2K
Average Grant
$2K
Largest Grant
$2K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Ace Group Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in MD, CA, VA.
Ace Group Foundation Inc. has distributed a total of $25K across 15 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $1K to $3K.
Ace Group Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ace Group Foundation Inc. is headquartered in LEXINGTON PARK, MD. While based in MD, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Greg Velicer | DIRECTOR | $0 | $0 | N/A |
| Stanley W Salamon | DIRECTOR | $0 | $0 | N/A |
| Thomas Dunn | VICE CHAIRMAN/VICE PRESIDENT | $0 | $0 | N/A |
| Rick Schutz | DIRECTOR | $0 | $0 | N/A |
| Jodi Stanalonis | TREASURER | $0 | $0 | N/A |
| Erin Emery | SECRETARY | $0 | $0 | N/A |
| Michael Mcnellis | CHAIRMAN/PRESIDENT | $0 | $0 | N/A |
| Lucille Winston | DIRECTOR | $0 | $0 | N/A |
| Joseph Gardiner | DIRECTOR | $0 | $0 | N/A |
Total Giving
$10K
Total Assets
$14K
Fair Market Value
$14K
Net Worth
$14K
Grants Paid
$10K
Contributions
$15K
Net Investment Income
N/A
Distribution Amount
$660
Total Grants
15
Total Giving
$25K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
7
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Project OpportunityTO SUPPORT TRADITIONAL EMPLOYMENT FOR VETERANS AND TO COMBAT THE HIGH VETERAN UNEMPLOYMENT RATE WITHIN THE STATE OF MARYLAND | Salisbury, MD | $1K | 2023 |
| Tailhook Education FoundationTO SUPPORT SCHOLARSHIP PROGRAMS | San Diego, CA | $3K | 2023 |
| Shop With A Cop IncTO SUPPORT CHRISTMAS SHOPPING SPREE FUND FOR UNDERPRIVILEGED CHILDREN | Leonardtown, MD | $2K | 2023 |
| Ava GroupTO SUPPORT ASSISTANCE FOR VETERANS AND THEIR FAMILIES | California, MD | $2K | 2023 |
| Trails Of PurposeTO SUPPORT SERVICE MEMBERS AND THEIR FAMILIES WITH MENTAL HEALTH | Chesapeake, VA | $1K | 2023 |
| Leonard Hall Junior Naval AcademyTO SUPPORT NAVAL ACADEMY MISSION | Leonardtown, MD | $1K | 2023 |
| St Mary'S Science Engineering Fair BoardTO ASSIST AND ENCOURAGE STUDENTS IN THE FIELDS OF SCIENCE AND ENGINEERING | California, MD | $1K | 2023 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD