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Nonprofiteer
← ACIMCO

Form 990 for tax year 2022

Filed by ACIMCO.

Totals

Total revenue
$1,922,413
Total expenses
$2,607,210
Contributions and grants received
$0
Grants paid
$10,750
Program service revenue
$1,922,413
Investment income
$0
Other revenue
$0
Total assets, end of year
$602,060
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$602,060
Program services expenses (Part IX)
$2,341,432
Management and general expenses
$265,778
Fundraising expenses
$0
Program service expenses (Part III)
$2,341,432

Program services were 89.8% 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 $1,773,029 · related or exempt $1,773,029

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

    total $149,384 · related or exempt $149,384

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,750 · program services $10,750

  • 5 · Compensation of officers, directors and key employees

    total $1,365,483 · program services $1,228,935 · management and general $136,548

  • 7 · Other salaries and wages

    total $577,652 · program services $518,696 · management and general $58,956

  • 8 · Pension plan contributions

    total $41,129 · program services $37,016 · management and general $4,113

  • 9 · Other employee benefits

    total $111,323 · program services $100,191 · management and general $11,132

  • 10 · Payroll taxes

    total $136,783 · program services $123,105 · management and general $13,678

  • 11a · Fees: management

    total $122,236 · program services $122,236

  • 11b · Fees: legal

    total $23,711 · program services $23,711

  • 11g · Fees: other

    total $11,845 · program services $11,845

  • 13 · Office expenses

    total $10,300 · program services $5,150 · management and general $5,150

  • 14 · Information technology

    total $120,670 · program services $84,469 · management and general $36,201

  • 17 · Travel

    total $57,202 · program services $57,202

  • 19 · Conferences, conventions and meetings

    total $3,835 · program services $3,835

  • 24a · Other expenses: PRINTING AND PUBLICATIO

    total $4,629 · program services $4,629

  • 24b · Other expenses: FUNDING FROM DEPARTMENT

    total $4,500 · program services $4,500

  • 24c · Other expenses: PROFESSIONAL DUES

    total $2,648 · program services $2,648

  • 24d · Other expenses: TRUSTEE FEES

    total $949 · program services $949

  • 24e · All other expenses

    total $1,565 · program services $1,565

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,286,859 · end of year $602,060

  • 27 · Net assets without donor restrictions

    beginning of year $1,286,859 · end of year $602,060

Mission and programs · 2022

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 $2,341,432 · Grants $10,750 · Revenue $1,922,413

As filed on the 2022 return.

Listed in Part VII

  • Mike Calvert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jim Porter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Todd Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Orr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Danny Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phil Schubert

    TRUSTEE

    Total calculated
    $620,191
    From this org
    $0
    From related orgs
    $499,428
    Other
    $120,763
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,460 related
    Bonus
    $0 + $91,220 related
    Other
    $0 + $26,748 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $96,363 related
    Filer's total
    $0 + $620,191 related

  • Rick Wessel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kyle Hammond

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Eric Oliver

    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
    $181,221
    From this org
    $158,501
    From related orgs
    $0
    Other
    $22,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,501
    Bonus
    $0
    Other
    $0
    Deferred
    $12,923
    Nontaxable benefits
    $9,797
    Filer's total
    $181,221

  • Amy Justice

    VP/COO

    Total calculated
    $165,457
    From this org
    $138,575
    From related orgs
    $0
    Other
    $26,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,361
    Bonus
    $13,000
    Other
    $214
    Deferred
    $10,554
    Nontaxable benefits
    $16,328
    Filer's total
    $165,457

  • Kelly Young

    VP FOR REAL ESTATE DEVELOP

    Total calculated
    $175,485
    From this org
    $143,256
    From related orgs
    $0
    Other
    $32,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,000
    Bonus
    $11,792
    Other
    $464
    Deferred
    $11,366
    Nontaxable benefits
    $20,863
    Filer's total
    $175,485

  • Yancey House

    VP & SECRETARY

    Total calculated
    $137,739
    From this org
    $137,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jack Rich

    FORMER PRESIDENT/CIO

    Total calculated
    $638,203
    From this org
    $591,687
    From related orgs
    $0
    Other
    $46,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,932
    Bonus
    $33,300
    Other
    $225,455
    Deferred
    $24,400
    Nontaxable benefits
    $22,116
    Filer's total
    $638,203

  • Kent Rideout

    FORMER SR VP/COO

    Total calculated
    $317,948
    From this org
    $291,275
    From related orgs
    $0
    Other
    $26,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $72,464
    Bonus
    $218,005
    Other
    $806
    Deferred
    $6,600
    Nontaxable benefits
    $20,073
    Filer's total
    $317,948

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

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
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202430479349301608

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

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