Acp Foundation EIN 20-2400305 Form 990 (PDF) Claim this org

Acp Foundation FY2022 filing

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Invests in science and technology education to benefit the local community. For fiscal year 2022 it reported $159K in revenue, $144K in expenses, and $183K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Richardson, TX
Website
www.acp-foundation.org
Filings
6 on file (2020–2022)
Revenue
$159KFY2022
Expenses
$144K
Net assets
$183K
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-2400305 Public charity (501(c)(3)) Richardson, TX
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Invests in science and technology education to benefit the local community.
Leadership
Anne Hsu · President
Money in and out
$159K revenue, $144K expenses
Bottom line
94% program efficiency
Where the money goes · FY2022
Total revenue
$159K
Pt VIII · Ln 12
Total expenses
$144K
Pt IX · Ln 25
Net assets
$183K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06 Fundraising $0.00
Program efficiency
94%
of spending reaches programs
Operating runway
15.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$159K
FY2022▲ +35%
Expenses
$144K
FY2022▼ -33%
Total assets
$183K
FY2022▲ +9%
Total liabilities
$0
FY2022
Total revenue
$159K
Pt VIII · Ln 12
Total expenses
$144K
Pt IX · Ln 25
Net assets
$183K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$183K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 335
Independent voting membersPt I · Ln 435

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAcp Foundation
EINHdr · item D20-2400305
Principal addressHdr · item CRichardson, TX
WebsiteHdr · item Jwww.acp-foundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFJan 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a35
Independent voting membersPt VI · Ln 1b35
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Acp Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $106K of program spending, described in the organization's own filed words · FY2022.
01

ACP hosted MetroCon conference with guest speakers with below topics, science and technology, innovation and entrepreneurship; education and career; service and investment

$48Kprogram expense
02

ACP hosted Robotic showcase and competition to explore motorized lego models with coding logic for energy storage, renewable energy methods with participants watch FLL challenge robot mission demonstration learn about FLL challenge research projects and solutions with hands on experience drivign FTC robots

$48Kprogram expense
03

ACP sponsered Hackathon, which is a coding and enegineering event that people have to be rapid and collaborative to develop new softwares or programs, in Dallas

$11Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$159K
Investment income$142
Total revenueLn 12$159K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06 Fundraising $0.00
Program services94%$136K
Management & general6%$8K
Fundraising$344
Total functional expensesLn 25$144K

Balance Sheet

Part X · end of year
CashLn 1$183K
Total assetsLn 16$183K
Total liabilitiesLn 26$0
Total net assetsLn 32$183K
Months of cash on handcomputed15.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $183K · Operating expenses/yr $144K
15.2 months
Where the money goes
Program services
Program services $136K · Total expenses $144K
94%
Management & General
Management & general $8K · Total expenses $144K
6%
Fundraising
Fundraising $344 · Total expenses $144K
0.2%
Cost to raise $1
Fundraising expense (3-yr avg) $37K · Solicited contributions (3-yr avg) $266K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $159K · Total revenue $159K
100%
Government reliance
Government grants — · Total revenue $159K
Earned-income share
Program service revenue $0 · Total revenue $159K
0%
Investment reliance
Investment income $142 · Total revenue $159K
+0.09%
Program self-sufficiency
Program service revenue $0 · Total expenses $144K
0%
Growth & trend
Revenue growth (YoY)
This year $159K · Prior year $118K
+35%
Net-asset trend (YoY)
End of year $183K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $159K · Expenses $144K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $183K
Net-asset ratio
Net assets $183K · Total assets $183K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $183K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anne Hsu · Reported title President · Highest reported compensation $0 · Total expenses $144K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $144K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0.2%
Revenue growth 35%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$32K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$140K revenue · ⤓ 990 PDF
FY2024$101K revenue · ⤓ 990 PDF
FY2023$167K revenue · ⤓ 990 PDF
FY2022$159K revenue · viewing · ⤓ 990 PDF
FY2021$118K revenue · ⤓ 990 PDF
FY2020$521K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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