Civic Intelligence

Acimco

990 • Fiscal year 2017 • EIN 26-3598377

Jun 01, 2016 to May 31, 2017 • Filed on Nov 28, 2017

214 Hunter Welcome Ct ACU Box 29125Abilene, TX 79699

(325) 674-2013

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-6.7%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$458,336

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 31.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.1%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$608,491

Down $97,905 (-14%) from 2016

Net Assets

Down

$608,491

Down $96,142 (-14%) from 2016

Liabilities

Down

$0

Down $1,763 (-100%) from 2016

Revenue

Up

$1,439,357

Up $1,407 (+0.1%) from 2016

Expenses

Up

$1,535,499

Up $61,877 (+4.2%) from 2016

Net Income

Down

-$96,142

Down $60,470 (-170%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $222,960Liabilities 2010: $0Net Assets 2010: $222,9602010Assets 2011: $331,480Liabilities 2011: $0Net Assets 2011: $331,4802011Assets 2012: $491,552Liabilities 2012: $0Net Assets 2012: $491,5522012Assets 2013: $636,448Liabilities 2013: $0Net Assets 2013: $636,4482013Assets 2015: $740,305Liabilities 2015: $0Net Assets 2015: $740,3052015Assets 2016: $706,396Liabilities 2016: $1,763Net Assets 2016: $704,6332016Assets 2017: $608,491Liabilities 2017: $0Net Assets 2017: $608,4912017Assets 2018: $600,240Liabilities 2018: $4,160Net Assets 2018: $596,0802018Assets 2020: $599,720Liabilities 2020: $0Net Assets 2020: $599,7202020Assets 2021: $600,665Liabilities 2021: $0Net Assets 2021: $600,6652021Assets 2025: $600,294Liabilities 2025: $0Net Assets 2025: $600,2942025

Highlighted filing

2017

Assets$608,491
Liabilities$0
Net Assets$608,491

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,018,2842010Expenses 2011: $1,052,9132011Expenses 2012: $1,109,2302012Expenses 2013: $1,126,4322013Revenue 2015: $1,486,394Expenses 2015: $1,374,849Net Income 2015: $111,5452015Revenue 2016: $1,437,950Expenses 2016: $1,473,622Net Income 2016: -$35,6722016Revenue 2017: $1,439,357Expenses 2017: $1,535,499Net Income 2017: -$96,1422017Revenue 2018: $1,581,680Expenses 2018: $1,594,091Net Income 2018: -$12,4112018Revenue 2020: $1,657,292Expenses 2020: $1,655,823Net Income 2020: $1,4692020Revenue 2021: $1,688,828Expenses 2021: $1,687,883Net Income 2021: $9452021Revenue 2025: $2,180,596Expenses 2025: $2,181,528Net Income 2025: -$9322025

Highlighted filing

2017

Revenue$1,439,357
Expenses$1,535,499
Net Income-$96,142
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Nov 28, 2017
Return Version
2016v3.0
Gross Receipts
$1,439,357
Mission and Program Overview

Mission

ACIMCO supports Abilene Christian University (ACU) by providing investment management services for the endowment funds and other fiduciary assets held by ACU.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$706,396$608,491▼ $97,905
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$706,396$608,491▼ $97,905
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,763--
Total Liabilities$1,763$0▼ $1,763
Net Assets / Fund Balance
Unrestricted Net Assets$704,633$608,491▼ $96,142
Total Net Assets Fund Balance$704,633$608,491▼ $96,142
Total Liabilities and Net Assets / Fund Balance$706,396$608,491▼ $97,905
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack RichPresidentFT$282,253$127,721$409,974
Kent RideoutVice PresidentFT$125,880$94,137$220,017

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,439,357
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-96,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,439,357
Total Revenue per Audited Statements
$1,439,357
Total Revenue per Form 990
$1,439,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,293,490
Other Expenses$142,009
Grants and Similar Amounts Paid$100,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$601,686$66,870-$668,556
Other Salaries and Wages$358,420$89,605-$448,025
Grants to Domestic Orgs$100,000--$100,000
Payroll Taxes$66,608$11,209-$77,817
Other Employee Benefits$52,006$13,001-$65,007
Travel$39,879--$39,879
Pension Plan Contributions$27,268$6,817-$34,085
Fees for Service Investment Mgmnt Fees$25,479--$25,479
Information Technology$15,334$6,572-$21,906
Conferences and Meetings$11,309--$11,309
Fees for Services Other$10,959--$10,959
Fees for Services Legal$10,192--$10,192
Office Expenses$4,409$4,409-$8,818
Other Expenses$896--$896
All Other Expenses$576--$576
Occupancy$300--$300
Total Functional Expenses$1,337,016$198,483$0$1,535,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,535,499
Total Expenses per Audited Statements$1,535,499
Total Expenses per Form 990$1,535,499
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilene Christian UniversityAbilene, TX-General Support$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Abilene Christian University acts as fiscal agent for ACIMCO.

Form 990, Part VI, Line 11B: Form 990 Review Process

ACIMCO's 990 is reviewed by the ACIMCO Board and the Audit Committee of the Board of Trustees of Abilene Christian University. The 990 is posted to the board web site for review by the trustees and is presented at a scheduled board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All trustees and officers complete a conflict of interest questionnaire annually. The results of these questionnaires are reviewed by Abilene Christian University's legal counsel and are reported to Abilene Christian University's audit committee. All other employees are given a conflict of interest questionnaire to complete annually and these are reviewed by the responsible Dean or Vice President of Abilene Christian University to determine if a conflict exists. Depending on the potential conflict, conditions or restrictions are enforced to reduce or eliminate the conflict of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation for ACIMCO CEO is set by the ACIMCO Board and is compared to the Compensation Survey of Investment Groups within University Endowments and Foundations prepared by Mercer Compensation Consulting Group. A contract with the CEO is in effect that allows for base salary to be adjusted annually based on the average salary increase for all Abilene Christian University employees. Top management's salary is set by the CEO of ACIMCO and compared to the Mercer compensation study for others in similar positions.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Will provide upon request.

Filing and Contact Details

Filer

Filer Name
Acimco
EIN
26-3598377
Phone
3256742013
Address
214 Hunter Welcome Ct ACU Box 29125, Abilene, TX 79699

Signing Officer

Name
Kent Rideout
Title
Vice President
Signed
2017-11-28
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
12
Employees
7

Preparer

Firm
Davis Kinard & Co PC
Address
400 Pine St Ste 600, Abilene, TX 79601
Preparer
Joe Melson CPA
Phone
3256724000
Supplemental Narrative

Additional Explanations

Part V - Question 2B

Abilene Christian University serves as the fiscal agent for ACIMCO. All W-2's are filed under Abilene Christian University's EIN 75-0851900.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ACIMCO's Certificate of Formation states that ACIMCO can benefit "congregations of the Church of Christ" and other organizations that are "sponsored, operated or otherwise associated with or endorsed by one or more congregations of the Church of Christ".
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Abilene Christian University is an educational institution established by the CHurch of Christ and maintains strong relationships with the other supported Church of Christ organizations.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1: Description Of How Supported Organizations Are Desigated
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section B, Line 2: Providing Benefit Carried Out the Purposes of Supported Orgs.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Abilene Christian University
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Abilene Christian Schools

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