Civic Intelligence

American Council on Exercise

990 • Fiscal year 2015 • EIN 33-0123550

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 03, 2015

4851 Paramount DriveSan Diego, CA 92123

(858) 279-8227

Siviq Scores

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

Liabilities / Assets

55th percentile

0.29x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

48th percentile

0.23x

Higher debt load relative to revenue than 48% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

67th percentile

9.1%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$454,133

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$14,926,384

No earlier filing loaded for comparison.

Net Assets

$10,614,635

No earlier filing loaded for comparison.

Liabilities

$4,311,749

No earlier filing loaded for comparison.

Revenue

$18,505,234

No earlier filing loaded for comparison.

Expenses

$16,817,261

No earlier filing loaded for comparison.

Net Income

$1,687,973

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $14,926,384Liabilities 2015: $4,311,749Net Assets 2015: $10,614,6352015Assets 2016: $18,535,494Liabilities 2016: $6,501,136Net Assets 2016: $12,034,3582016Assets 2017: $19,854,809Liabilities 2017: $6,671,255Net Assets 2017: $13,183,5542017Assets 2018: $27,112,476Liabilities 2018: $12,774,297Net Assets 2018: $14,338,1792018Assets 2019: $24,384,130Liabilities 2019: $11,794,104Net Assets 2019: $12,590,0262019Assets 2020: $26,244,435Liabilities 2020: $13,428,700Net Assets 2020: $12,815,7352020Assets 2021: $27,746,605Liabilities 2021: $12,103,795Net Assets 2021: $15,642,8102021Assets 2022: $27,869,166Liabilities 2022: $11,054,325Net Assets 2022: $16,814,8412022Assets 2023: $25,573,027Liabilities 2023: $13,297,594Net Assets 2023: $12,275,4332023Assets 2025: $14,921,408Liabilities 2025: $9,344,883Net Assets 2025: $5,576,5252025

Highlighted filing

2015

Assets$14,926,384
Liabilities$4,311,749
Net Assets$10,614,635

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2015: $18,505,234Expenses 2015: $16,817,261Net Income 2015: $1,687,9732015Revenue 2016: $22,073,863Expenses 2016: $20,498,023Net Income 2016: $1,575,8402016Revenue 2017: $26,262,043Expenses 2017: $25,303,025Net Income 2017: $959,0182017Revenue 2018: $28,541,818Expenses 2018: $27,773,662Net Income 2018: $768,1562018Revenue 2019: $26,400,164Expenses 2019: $28,138,301Net Income 2019: -$1,738,1372019Revenue 2020: $24,935,410Expenses 2020: $24,594,564Net Income 2020: $340,8462020Revenue 2021: $26,370,140Expenses 2021: $24,980,765Net Income 2021: $1,389,3752021Revenue 2022: $26,697,043Expenses 2022: $24,344,901Net Income 2022: $2,352,1422022Revenue 2023: $19,555,587Expenses 2023: $24,668,629Net Income 2023: -$5,113,0422023Revenue 2025: $19,271,696Expenses 2025: $19,732,804Net Income 2025: -$461,1082025

Highlighted filing

2015

Revenue$18,505,234
Expenses$16,817,261
Net Income$1,687,973
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$20,969,720
Mission and Program Overview

Mission

Our mission is to get people moving.

We are committed to ensuring people have access to well-qualified fitness & health professionals and science-based resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,484,692$6,010,278▲ $525,586
Land, Buildings, and Equipment, Net$3,162,151$3,063,505▼ $98,646
Investments in Publicly Traded Securities$1,375,351$3,053,278▲ $1,677,927
Prepaid Expenses and Deferred Charges$1,590,962$1,570,248▼ $20,714
Accounts Receivable$526,507$625,601▲ $99,094
Inventories for Sale or Use$404,387$411,778▲ $7,391
Cash and Non-Interest-Bearing Accounts$500$185▼ $315
Total Assets$12,713,347$14,926,384▲ $2,213,037
Other Assets Total$168,797$191,511▲ $22,714
Liabilities
Deferred Revenue$2,132,633$2,369,740▲ $237,107
Accounts Payable and Accrued Expenses$1,513,172$1,751,287▲ $238,115
Other Liabilities$168,531$190,722▲ $22,191
Total Liabilities$3,814,336$4,311,749▲ $497,413
Net Assets / Fund Balance
Unrestricted Net Assets$8,899,011$10,614,635▲ $1,715,624
Total Net Assets Fund Balance$8,899,011$10,614,635▲ $1,715,624
Total Liabilities and Net Assets / Fund Balance$12,713,347$14,926,384▲ $2,213,037

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,037,915$2,075,829$3,113,744
Other Land Buildings$234,075$1,517,218$1,751,293
Land$1,286,883-$1,286,883
Equipment$294,329$487,207$781,536
Leasehold Improvements$210,303$208,938$419,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott GoudeseunePresident & CEOFT$313,656$140,477$454,133
Alex MirnezamChief Financial OfficerFT$270,422$114,441$384,863
Janet FrenkelChief Operating OfficerFT$250,643$108,627$359,270
Cedric BryantChief Science OfficerFT$245,142$114,017$359,159
Graham MelstrandVP of Corporate AffairsFT$199,469$29,557$229,026
Amanda CassVice President of Finance & HrFT$140,071$39,310$179,381
David FischerDirector of Online BusinesFT$143,501$31,788$175,289
Todd GalatiSr. Dr. of Allied Health & ExerciseFT$131,423$30,330$161,753
Scott CurryV.p. of MarketingFT$130,212$26,566$156,778

Board Members and Trustees

NameTitle
Scott MurdochChair
Nancey Trevanian TsaiVice Chair
Arianne AmiriBoard Member
Cindy RatzlaffBoard Member
Jason AltmireBoard Member
John BreslinBoard Member
Michelle StantenBoard Member
Samantha LincolnBoard Member
Shannon FableBoard Member
Tony RodriguezBoard Member
Herb FlentyeEmeritus Board Member
Ash HayesEmeritus Historian
Kimberly WellsSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Castle Worldwide INCTest Admin. Services900 PERIMETER PARK DRIVE SUITE G, Morrisville, NC 27560$1,686,083
IdeaMagazine Publisher10455 PACIFIC CENTER COURT, San Diego, CA 92121$987,795
Federal ExpressShipping & HandlingPO BOX 7221, Pasadena, CA 91109$358,398
Walsworth Publishing CoPublisherPO BOX 310287, Des Moines, IA 50331$221,910
Healthy LearningPublisherPO BOX 1828, Monterey, CA 93942$181,210
Revenue and Support

Revenue Composition

Contributions and Grants
$15,293
Program Service Revenue
$11,486,675
Investment Income
$127,530
Other Revenue
$6,875,736
All Other Contributions
$15,293
Change in Net Assets
$1,687,973

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,505,234
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,982,895
Total Revenue per Audited Statements
$20,488,129
Total Revenue per Form 990
$18,505,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,526,013
Salaries, Compensation, and Employee Benefits$8,291,248
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,118,019$1,369,265-$5,487,284
Advertising$2,183,535$70,037-$2,253,572
Office Expenses$1,320,270$60,710-$1,380,980
Current Officers, Directors, Trustees, and Key Employees$572,047$773,162-$1,345,209
Other Employee Benefits$532,207$232,066-$764,273
Payroll Taxes$382,643$121,051-$503,694
Occupancy$303,061$194,489-$497,550
Depreciation Depletion$243,625$199,330-$442,955
All Other Expenses$360,372$60,092-$420,464
Conferences and Meetings$230,565$181,740-$412,305
Travel$179,533$26,779-$206,312
Pension Plan Contributions$153,383$37,405-$190,788
Fees for Services Legal$74,797$95,485-$170,282
Other Expenses$165,307$165,784-$165,307
Insurance$75,534$27,243-$102,777
Fees for Services Accounting-$80,326-$80,326
Fees for Services Management-$24,147-$24,147
Total Functional Expenses$13,098,150$3,719,111$0$16,817,261

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,772,505
Expenses per Audited Statements$16,817,261
Total Expenses per Form 990$16,817,261
Expenses Not Reported on Form 990$1,955,244
Expenses Not Reported on Financial Statements$0
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Christopher GoudeseuneChild of PresidentCompensationNo$113,362
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$190,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed internally by the executive team and externally by the audit committee. The form 990 is made available to the board of directors prior to submission.

Form 990, Part VI, Section B, Line 12C

All board members and ace staff are required to annually complete a conflict of interest disclosure form. The board reviews all board member disclosures as well as the ceo and cfo. Ceo and cfo review ace employee disclosures. At each board meeting, members are reminded of conflict of interest policies and asked if they are aware of any conflicts. If a conflict arises, that board member cannot vote on the transaction.

Form 990, Part VI, Section B, Line 15

With respect to the president and officers (president, coo, cfo, cso), a compensation analysis is performed by an independent party annually which takes market data from several published surveys and market prices the positions based on job responsibilities and corporate information. Total compensation and benefits are included in the review. The compensation committee reviews the report and makes recommendations to the board of directors. Compensation is approved by independant board members and is contemporaneously documented. This process was last done june 2015 during the annual board meeting. A compensation analysis is performed by an independent party annually which takes market data from several published surveys and market prices all of our staff including key employee positions based on job responsibilities and corporate information. The cfo and president review the report and makes recommendations to the board of directors. Compensation for key employees and staff are approved during the budgeted process by indepedent board members and is contemporaneously documented. This process was last done in june 2015 during the annual board meeting.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are available upon request. Financial statements are available on the organization's website.

Filing and Contact Details

Filer

Filer Name
American Council on Exercise
EIN
33-0123550
Phone
8582798227
Address
4851 PARAMOUNT DRIVE, SAN DIEGO, CA 92123

Signing Officer

Name
Alex Mirnezam
Title
CFO
Phone
8582798227
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Mirnezam
Formed
1986
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
12
Employees
89
Volunteers
28

Preparer

Firm
Moss Adams Llp
Address
4747 EXECUTIVE DRIVE SUITE 1300, SAN DIEGO, CA 92121
Preparer
Patricia J Mayer
Phone
8586271400
Supplemental Narrative

Additional Explanations

STATEMENT WITH REGARD TO FUNDRAISING EXPENSE:

This organization receives the majority of its income from program services, thus, the organization does not incur fundraising expenses.

STATEMENT WITH REGARD TO MISSION:

The nonprofit american council on exercise (ace) educates, certifies, and represents more than 58,000 currently certified fitness professionals, health coaches, and other allied health professionals. Ace advocates for a new intersection of fitness and healthcare, bringing the highly qualified professionals that ace represents into the healthcare continuum so they can contribute to the national solution to physical inactivity and obesity. Ace is the largest certifier in its space and all four of its primary certification programs are accredited by the national commission for certifying agencies (ncca), the gold standard in the u.s. For accreditation of certifications that assess professional competence. Ace also plays an important public-service role, conducting and providing science-based research and resources on safe and effective physical activityand sustainable behavior change.

Financial Statement Notes

PART X, LINE 2:

Ace is exempt from income taxes under section 501(c)(3) of the internal revenue code ("irc") and section 23701(d) of the california revenue and taxation code, except to the extent of unrelated business taxable income as defined under irc sections 511 through 515. Ace had no unrecognized tax benefits or liabilities as of june 30, 2015 and 2014. Ace files an exempt organization return in the united states federal jurisdiction and with the franchise tax board in the state of california. Ace is no longer subject to income tax examinations by taxing authorities for years before 2011 for its federal filings and for years before 2010 for its state filings.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,955,244.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,955,244.

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IRS990/MissionDesc0OUR MISSION IS TO ENSURE PEOPLE HAVE ACCESS TO WELL-QUALIFIED FITNESS PROFESSIONALS AND HEALTH COACHES, AND SCIENCE-BASED INFORMATION AND RESOURCES ON SAFE AND EFFECTIVE PHYSICAL ACTIVITY, SO THEY MAY GET ACTIVE, ESTABLISH HEALTHY BEHAVIORS, AND LIVE THEIR MOST FIT LIVES. AS AMERICA'SAUTHORITY ON FITNESS, ACE PROTECTS ALL SEGMENTS OF SOCIETY AGAINS INEFFECTIVE FITNESS PRODUCTS, PROGRAMS, AND TRENDS THROUGH ITS ONGOING PUBLIC EDUCATION, OUTREACH AND RESEARCH. ACE FURTHER PROTECTS THE PUBLIC BY SETTING CERTIFICATION AND CONTINUING EDUCATION STANDARDS FOR FITNESS PROFESSIONALS, ACE IS LEADING THE FITNESS PROFESSION TO BECOME MORE INTEGRAL TO HEALTHCARE AND PROVIDE THE LINK BETWEEN THE CLINIC AND THE COMMUNITY BY ADVOCATING BEFORE MUNICIPAL, STATE AND FEDERAL GOVERNMENTS AND TO THE HEALTHCARE SYSTEM TO EXTEND PHYSICAL ACTIVITY-BASED PREVENTION PROGRAMMING BEYOND THE CLINIC TO DIRECTLY WHERE PEOPLE LIVE, WORK AND PLAY.
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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits