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Nonprofiteer
← ACIMCO

Form 990 for tax year 2023

Filed by ACIMCO.

Totals

Total revenue
$2,115,895
Total expenses
$2,116,729
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,115,895
Investment income
$0
Other revenue
$0
Total assets, end of year
$601,226
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$601,226
Program services expenses (Part IX)
$1,927,714
Management and general expenses
$189,015
Fundraising expenses
$0
Program service expenses (Part III)
$1,927,714

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEE-ACU

    total $1,971,851 · related or exempt $1,971,851

  • 2b · Program service revenue: MANAGEMENT FEE-TRUSTS

    total $144,044 · related or exempt $144,044

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $628,932 · program services $566,039 · management and general $62,893

  • 7 · Other salaries and wages

    total $792,274 · program services $732,393 · management and general $59,881

  • 8 · Pension plan contributions

    total $50,654 · program services $45,589 · management and general $5,065

  • 9 · Other employee benefits

    total $158,528 · program services $142,675 · management and general $15,853

  • 10 · Payroll taxes

    total $101,160 · program services $91,044 · management and general $10,116

  • 11a · Fees: management

    total $70,516 · program services $70,516

  • 11b · Fees: legal

    total $114,392 · program services $114,392

  • 11g · Fees: other

    total $5,316 · program services $5,316

  • 13 · Office expenses

    total $7,914 · program services $3,957 · management and general $3,957

  • 14 · Information technology

    total $104,167 · program services $72,917 · management and general $31,250

  • 17 · Travel

    total $53,112 · program services $53,112

  • 19 · Conferences, conventions and meetings

    total $4,126 · program services $4,126

  • 24a · Other expenses: FUNDING FROM DEPARTMENT

    total $10,669 · program services $10,669

  • 24b · Other expenses: PRINTING AND PUBLICATIO

    total $5,545 · program services $5,545

  • 24c · Other expenses: PROFESSIONAL DUES

    total $5,146 · program services $5,146

  • 24d · Other expenses: TRUSTEE FEES

    total $3,266 · program services $3,266

  • 24e · All other expenses

    total $1,012 · program services $1,012

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $602,060 · end of year $601,226

  • 27 · Net assets without donor restrictions

    beginning of year $602,060 · end of year $601,226

Mission and programs · 2023

Mission

ACIMCO SUPPORTS ABILENE CHRISTIAN UNIVERSITY (ACU) BY PROVIDING INVESTMENT MANAGEMENT SERVICES FOR THE ENDOWMENT FUNDS AND OTHER FIDUCIARY ASSETS HELD BY ACU.

Activities or mission (Part I)

ACIMCO SUPPORTS ACU BY PROVIDING INVESTMENT MANAGEMENT SERVICES FOR SOME OF THE ASSETS HELD BY ACU.

  • SUPPORTED ABILENE CHRISTIAN UNIVERSITY AND OTHER CHURCH OF CHRIST ENTITIES BY PROVIDING INVESTMENT MANAGEMENT SERVICES FOR THE ENDOWMENT FUNDS AND OTHER FIDUCIARY ASSETS HELD BY ACU.

    Expenses $1,927,714 · Revenue $2,115,895

As filed on the 2023 return.

Listed in Part VII

  • Jim Porter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cole Oliver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kelly Shewmaker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Danny Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phil Schubert

    TRUSTEE

    Total calculated
    $679,007
    From this org
    $0
    From related orgs
    $530,643
    Other
    $148,364
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,895 related
    Bonus
    $0 + $94,000 related
    Other
    $0 + $26,748 related
    Deferred
    $0 + $51,500 related
    Nontaxable benefits
    $0 + $96,864 related
    Filer's total
    $0 + $679,007 related

  • Rick Wessel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kyle Hammond

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Anthony

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Doug Robison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Luke James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Rich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joe Lee

    PRESIDENT/CIO

    Total calculated
    $523,909
    From this org
    $486,218
    From related orgs
    $0
    Other
    $37,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,218
    Bonus
    $100,000
    Other
    $0
    Deferred
    $13,538
    Nontaxable benefits
    $24,153
    Filer's total
    $523,909

  • Amy Justice

    VP/COO

    Total calculated
    $171,056
    From this org
    $143,114
    From related orgs
    $0
    Other
    $27,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,060
    Bonus
    $10,833
    Other
    $221
    Deferred
    $11,127
    Nontaxable benefits
    $16,815
    Filer's total
    $171,056

  • Kelly Young

    VP FOR REAL ESTATE DEVELOP

    Total calculated
    $195,145
    From this org
    $162,244
    From related orgs
    $0
    Other
    $32,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,393
    Bonus
    $25,387
    Other
    $464
    Deferred
    $11,813
    Nontaxable benefits
    $21,088
    Filer's total
    $195,145

  • Yancey House

    VP & SECRETARY

    Total calculated
    $168,249
    From this org
    $168,249
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,249
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,249

  • Jack Rich

    FORMER PRESIDENT/CIO

    Total calculated
    $551,117
    From this org
    $540,148
    From related orgs
    $0
    Other
    $10,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $19,904
    Bonus
    $0
    Other
    $520,244
    Deferred
    $531
    Nontaxable benefits
    $10,438
    Filer's total
    $551,117

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5b · Pay contingent on a related organization's revenues

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
EXECUTIVES ARE ELIGIBLE TO RECEIVE ANNUAL PERFORMANCE INCENTIVE PAY UP TO A PERCENT OF THEIR THEN CURRENT SALARY. THE PERFORMANCE INCENTIVE IS BASED ON THE PERFORMANCE OF ABILENE CHRISTIAN UNIVERSITY'S ENDOWMENT AS REPORTED IN THE LCG ASSOCIATES, OR THEIR SUCCESSORS, QUARTERLY PERFORMANCE NOTEBOOK.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202510519349300646

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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