ACE IN THE HOLE FOUNDATION INC

Westhampton Beach, NY   |  www.aceintheholefoundation.org

Mission

Ace in the Hole Foundation, Inc. was formed and incorporated in New York State in 2008 in the memory of Michael Lucian LiCalzi who served as a 1st LT in the United States Marine Corps and died in Anbar, Iraq on May 11, 2006.  1st LT LiCalzi died leading a platoon of four tanks for the 2nd Tank Battalion, 2nd Marine Division.  The purposes of the Foundation are exclusively charitable, educational and scientific within the meaning of Section 501(c)(3) of the Internal Revenue Code, as amended.  The corporate mission of the Foundation is to provide financial aid and assistance to disabled and/or disadvantaged individuals, whether directly or through contributions to charitable organizations, particularly armed services personnel and their families without regard to race, nationality, gender, sexual orientation, color, or creed.  Emphasis is placed on assisting charities and charitable causes supported by 1st LT LiCalzi during his life or those likely to be beneficiaries of his support today.

Notes from the nonprofit

2017 was another banner year for Ace in the Hole Foundation. We hosted our EIGHTH Beach Run & Walk on May 13. The weather was unusually brutal but it did not damper the enthusiasm of our participants--especially the 60 Marines from 2nd Tank Division who made the trek from Camp Lejeune, NC. Our supporters again demonstrated their loyalty to and faith in our organization and its mission. Since its inception in 2008, Ace in the Hole Foundation has raised over $500,000 for worthy charities and causes helping military personnel, veterans, and many people afflicted by orphan diseases.

Ruling year info

2008

President (and Board member)

Gregory M LiCalzi Jr.

Main address

c/o Gregory M. LiCalzi Jr. 59 Brittany Lane

Westhampton Beach, NY 11978 USA

Show more contact info

EIN

32-0242966

NTEE code info

Human Services - Multipurpose and Other N.E.C. (P99)

Health Treatment Facilities (Primarily Outpatient) (E30)

Fund Raising and/or Fund Distribution (O12)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The financial, housing and health needs of enlisted Marines families and veterans as well as victimss of orphan diseases and underfunded education programs.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

1st LT Michael L. LiCalzi Memorial Scholarship

In association with the Marine Corps Tankers Association (MCTA), a 501(c)(3) charitable organization, the Foundation has established the 1st LT Michael L. LiCalzi Memorial Scholarship with preference given to applicants whose sponsors were killed or injured in the line of duty.

Population(s) Served
Military personnel
Adolescents

Clothing, diapers and other necessities for newborn infants are purchased and provided to needy Marine families in the 2nd Tank Battalion, 2nd Marine Division. This program is done in coordination with the command leadership of 2nd Tank Battalion.

Population(s) Served
Infants and toddlers

Provide financial aid to needy Marine families of 2nd Tank Battalion, 2nd Marine Division. Marines and their families are identified by the command leadership of the Battalion. Typical aid is for medical -related supplies and equipment

Population(s) Served
Military personnel

Assistance to children and adults with rare skin diseases

Population(s) Served
People with diseases and illnesses

Where we work

Accreditations

Better Business Bureau Wise Giving Alliance 2013

Better Business Bureau Wise Giving Alliance 2017

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Population(s) Served

Military personnel

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The principle goal of Ace in the Hole Foundation is to remember and honor the sacrifice of 1st LT Michael L. LiCalzi, and all other Marines who have died as a result of the conflicts in Iraq and Afghanistan, by raising funds to meaningfully assist and support military-oriented charities, individual Marines and their families, and specific orphan disease charities. We strive to achieve this goal by emphasizing the founding tenets of the Foundation: (1) honoring the past and ongoing sacrifices of Marine officers and enlisted personnel for comrades, family and nation: (2) reaching out, even when difficult or challenging, to Marines, other military personnel, and their families who are in financial need or in emotional crisis; and, (3) recognizing and accepting the obligation to help the medically ignored or under served.

Ace in the Hole Foundation has made the strategic decision to focus its attention on helping only those charities, organizations, and individuals that 1st LT Michael LiCalzi supported in his lifetime or would have supported given his commitment and fidelity to the USMC and his empathy and compassion for the underdog and the underserved. In addition, given our small size and completely volunteer board, management and staffing we have determined that a significant part of our appeal to supporters must continue be the fact that the Foundation pays no salaries, other personnel cost, or operating expenses/overhead. Only a very limited portion of our fundraising revenues are used to pay event expenses. In fact, these expenses in the aggregate have not exceeded 5% of the gross receipts for each of our past events. It is also worth noting that our supporters are enthusiastic about the grassroots origin of the Foundation and the family-oriented nature of our events. The Foundation believes that this will continue to be an integral part of our core strategy in maintaining and growing our appeal to individual and corporate supporters.

Ace in the Hole Foundation, established by the family of a fallen Marine hero, is in the unenviable position of best conveying to the general public the pride, sorrow, loss and patriotism inherent in all military families. We are open and transparent in promoting our mission and ask for only what our board members are willing to contribute. Our message is untainted by commercialism and, as such, has been exceedingly well received by those supporters who know us and many of those who were just introduced. Because of our unique relationships with the 2nd Tank Battalion, 2nd Marine Division, the Marine Corps Tankers Association, United Veterans Beacon House, and the orphan medical and educational charities that we have consistently supported since 2008, the Foundation can quickly address the pressing needs of those entities and the people that they serve. Unlike larger and older organizations, the Foundation is not constrained by an internal bureaucracy or a politically divided board. Likewise, we have demonstrated that we are exceptionally efficient in identifying real needs and disbursing our funds in a very timely manner.

Since our establishment in 2008 Ace in the Hole Foundation has grown its annual fundraising efforts from approximately $27,000 to almost $100,000. We have accomplished this growth, in large part, by creating our signature annual fundraising event in 2009--a Run & Walk at Lido West Beach on Long Island. This walk has been co-sponsored by the Town of Hempstead (the largest town in the USA measured by population) and is held on the Saturday in May immediately preceding Mother's Day. Participation has increased four-fold to over 450 registered runners/walkers and corporate sponsorships have increased four-fold. The Foundation has also endorsed the efforts of individuals and organizations to undertake dedicated fundraising events for the benefit of Ace in the Hole Foundation. For example, in the summer of 2013, a friend of the Foundation's founder committed to bicycling across the country to raise funds for the Foundation. His "Bike for Mike" campaign had as a goal raising at least $12,000. The goal was exceeded! An example of the commitment and support of the Foundation's benefactors, despite the storms that pounded the beach (and our many friends) during our May 2017 Run & Walk, we still attracted over 300 participants including almost 70 active duty Marines. Similar foul weather in 2018 and 2019 did not deter our participants and friends from coming to the beach in comparable numbers! For your information, since its establishment in 2008 we have awarded over $740,000 in grants and gifts to worthy charities and causes.

Financials

ACE IN THE HOLE FOUNDATION INC
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Operations

The people, governance practices, and partners that make the organization tick.

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ACE IN THE HOLE FOUNDATION INC

Board of directors
as of 3/13/2021
SOURCE: Self-reported by organization
Board chair

Gregory LiCalzi

Retired

Term: 2020 - 2023

Gregory LiCalzi

Retired banker

Carol LiCalzi

Retired teacher

Elizabeth LiCalzi

Georgia Behavioral Health

Kimberly LiCalzi

Buckley Country Day School

Greg LiCalzi Jr.

Roosevelt & Cross, Inc.

Luke LiCalzi

KForce, Inc.

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 03/13/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability