Acimco FY2021 filing

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Acimco supports acu by providing investment management services for some of the assets held by acu.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-3598377) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$925K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $341 a year · 0.02% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$925K
to officers and key staff · 55% of spending
Pay to officers and key staff is 55% of spending.
Part VII, Section A
4.3 mo
of spending, in cash
4.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 11 voting members
10 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.7M
+2% vs prior year
Spent
$1.7M
To programs
86%
Net assets
$601K
By yearFY2020–FY2025
Revenue
$1.7M
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$2.7M
FY2023$1.9M
FY2024$2.1M
FY2025$2.2M
Expenses
$1.7M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$2.0M
FY2023$2.6M
FY2024$2.1M
FY2025$2.2M
Net assets
$601K
FY2021+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$600K
FY2021$601K
FY2022$1.3M
FY2023$602K
FY2024$601K
FY2025$600K

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.4M Management & general 14% · $240K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $925K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President/CIO
$477,634Pt VII · Sec A
$220,996Pt VII · Sec A
Vice President
$121,408Pt VII · Sec A
VP Investment Accounting
$105,005Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joe Lee’s $506K as President/CIO is at the 99th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jack Rich—$540,148$591,687$480,147$477,634$407,076
Joe Lee$505,623$486,218$158,501———
Kent Rideout——$291,275$223,310$220,996$213,307
Kelly Young$211,657$162,244$143,256$121,408$121,408$144,763
Yancey House$187,797$168,249$137,739———
Amy Justice$168,757$143,114$138,575$120,671$105,005$102,260

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Acimco executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages investments for specific assets held by ACU.

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1 program · $1.4M · in their own filed words · FY2020
01

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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-3598377) · Dispute this line
$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $236K · 2019–2022
Abilene Christian UniversityTX · FY2022$10,750
Abilene Christian UniversityTX · FY2021$75,000
Abilene Christian UniversityTX · FY2020$75,000
Abilene Christian UniversityTX · FY2019$75,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$240K
Owns and owesPt X
$601K
net assets · Ln 32
Cash and savingsLn 1–2$601K
Total assetsLn 16$601K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$601K
Cash and savings togetherLn 1–2$601K
Total assetsLn 16$601K
LiabilitiesLn 26$0
Net assetsLn 32$601K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$600K$601K
Total assetsLn 16$600K$601K
LiabilitiesLn 26$0$0
Net assetsLn 32$600K$601K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Pay of officers and key staff (Part IX, line 5)Ln 5$851K$766K$85K
Other salaries and wagesLn 7$444K$344K$100K
Pension plan contributionsLn 8$31K$25K$6K
Other employee benefitsLn 9$84K$68K$17K
Payroll taxesLn 10$87K$75K$12K
Management feesLn 11a$34K$34K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$12K$6K$6K
Information technologyLn 14$48K$33K$14K
OccupancyLn 16$628$628
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$1.7M$1.4M$240K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 10, 2026 $2.2M$2.2M−$932$600K 990 PDF
FY2024Filed with the IRS Feb 20, 2025 $2.1M$2.1M−$834$601K 990 PDF
FY2023Filed with the IRS Feb 16, 2024 $1.9M$2.6M−$685K$602K 990 PDF
FY2022Filed with the IRS Feb 24, 2023 $2.7M$2.0M$686K$1.3M 990 PDF
FY2021 ViewingFiled with the IRS Feb 2, 2022 $1.7M$1.7M$945$601K 990 PDF
FY2020Filed with the IRS Jan 27, 2021 $1.7M$1.7M$1K$600K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2021 990
Part I · Summary $1,688,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,657,292$1,688,828
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,657,292$1,688,828
I-13 Grants and similar amounts paidPrior year $75,000$75,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,445,542$1,497,659
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,281$115,224
I-18 Total expensesPrior year $1,655,823$1,687,883
I-19 Revenue less expensesPrior year $1,469$945
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,688,828 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,688,828$1,688,828
VIII-12 Total revenueRelated to mission $1,688,828 · Unrelated business $0 · Excluded from tax $0$1,688,828
Part IX · Statement of functional expenses $1,687,883 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $766,084 · Management $85,120$851,204
IX-7 Other salaries and wagesPrograms $344,065 · Management $99,916$443,981
IX-8 Pension plan contributionsPrograms $24,889 · Management $6,222$31,111
IX-9 Other employee benefitsPrograms $67,529 · Management $16,882$84,411
IX-10 Payroll taxesPrograms $75,051 · Management $11,901$86,952
IX-11a Management feesPrograms $34,281$34,281
IX-11g Other fees for servicesPrograms $1,241$1,241
IX-13 Office expensesPrograms $5,982 · Management $5,982$11,964
IX-14 Information technologyPrograms $33,406 · Management $14,317$47,723
IX-16 OccupancyPrograms $628$628
IX-17 TravelPrograms $6,520$6,520
IX-19 Conferences, conventions and meetingsPrograms $1,380$1,380
IX-24 Other expenses (24a–d)Programs $11,487$11,487
IX-25 Total functional expensesPrograms $1,447,543 · Management $240,340 · Fundraising $0$1,687,883
Part X · Balance sheet $600,665 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $599,720$600,665
X-16 Total assetsStart of year $599,720$600,665
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $599,720$600,665
X-32 Total net assets or fund balancesStart of year $599,720$600,665
X-33 Total liabilities and net assetsStart of year $599,720$600,665
Part XI · Reconciliation of net assets $600,665 net assets at year end
XI-1 Total revenue$1,688,828
XI-2 Total expenses$1,687,883
XI-3 Revenue less expenses$945
XI-4 Net assets at start of year$599,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$600,665

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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