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
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
16 people listed on the 990; $1.5M paid to officers and key staff (Part VII, Section 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
Questions for Acimco
Your first name shows with your question. Acimco answers here, for everyone.
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-3598377) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $602K | $601K |
| Total assetsLn 16 | $602K | $601K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $602K | $601K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $629K | $566K | $63K | |
| Other salaries and wagesLn 7 | $792K | $732K | $60K | |
| Pension plan contributionsLn 8 | $51K | $46K | $5K | |
| Other employee benefitsLn 9 | $159K | $143K | $16K | |
| Payroll taxesLn 10 | $101K | $91K | $10K | |
| Management feesLn 11a | $71K | $71K | ||
| Legal feesLn 11b | $114K | $114K | ||
| Other fees for servicesLn 11g | $5K | $5K | ||
| Office expensesLn 13 | $8K | $4K | $4K | |
| Information technologyLn 14 | $104K | $73K | $31K | |
| TravelLn 17 | $53K | $53K | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $25K | $25K | ||
| All other expensesLn 24e | $1K | $1K | ||
| Total functional expensesLn 25 | $2.1M | $1.9M | $189K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 10, 2026 | $2.2M | $2.2M | −$932 | $600K | 990 PDF |
| FY2024 ViewingFiled 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 |
| FY2021Filed 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
See the full FY2024 990
Part I · Summary $2,115,895 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, no flags
Part VIII · Statement of revenue $2,115,895 across 2 lines filed
Part IX · Statement of functional expenses $2,116,729 across 14 lines filed
Part X · Balance sheet $601,226 assets, 6 lines filed
Part XI · Reconciliation of net assets $601,226 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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