Aace International INC

Tax-deductible

Fairmont, WV501(c)(3)Community DevelopmentEIN 74-1675154Revenue $3.3M in FY2024

On file with the IRSweb.aacei.org726 East Park Avenue 180, 26554-4115 · Fairmont, WVTax-exempt since Jul 1964Publicly supported — 509(a)(2)

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The members of Aace enable organizations around the world to achieve their investment expectations by managing and controlling projects, programs, and portfolios; we create value by advancing technical knowledge and professional development.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 450 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $418K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$459K
to officers and key staff · 16% of spending
Top officer’s pay lower than 70% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$834K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+9% vs prior year
Spent
$2.9M
To programs
62%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$2.6M
FY2023$3.0M
FY2024$3.3M
Expenses
$2.9M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.2M
FY2022$2.2M
FY2023$2.6M
FY2024$2.9M
Net assets
$6.1M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$4.6M
FY2022$4.6M
FY2023$5.4M
FY2024$6.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1964.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $1.8M Management & general 36% · $1.0M Fundraising 2% · $52K

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

16 people listed on the 990; $459K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Directo
$120,236Pt VII · Sec A
Director, Ac
$113,906Pt VII · Sec A
$111,869Pt VII · Sec A
Director - C
$101,591Pt VII · Sec A
Exec Directo
$11,580Pt VII · Sec A
$0Pt VII · Sec A
Director - E
$0Pt VII · Sec A
President-El
$0Pt VII · Sec A

Debra Lally’s $120K as Exec Directo is at the 30th percentile of top reported officer pay among 2832 $1–10M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Debra Lally$120,236$208,885$183,101$190,000$73,365
Janice L Johnson$113,906$108,411———
Hans Christian Heller$111,869$107,543$103,618$100,725$100,631
Penny Whoolery$101,591————
Charity a Quick————$97,439
Kenneth K Humphreys—$24,512$13,273$12,842—
Kk Humphreys————$13,188
Michael Kobylka II$11,580————

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.

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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

Helps organizations worldwide manage projects and investments to achieve expectations through knowledge and professional development.

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Provided by the organization

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3 programs · $1.8M · in their own filed words · FY2024
01

An annual in-person technical conference and smaller virtual conferences held to provide a forum for presentations on the state of the art in cost ENGINEERING/PROJECT controls. Approx. 750 participants

$1.2Mprogram expense
02

Various technical publications are PRODUCED/UPDATED annually as reference materials for students, employed engineers and other project control specialists. Approx. 10,000 participants

$304Kprogram expense
03

Continuing education courses and study guide publications are produced to assist engineers and other project control specialists in developing and maintaining skills. Approx. 950 participants

$253Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$302K
Money outPt IX
$2.9M
Ln 25
Programscol B$1.8M
Managementcol C$1.0M
Fundraisingcol D$52K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$6.9M
LiabilitiesLn 26$834K
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$302K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$4.5M
Land, buildings, equipmentLn 10c$464K
Other assetsLn 15$4K
Total assetsLn 16$6.9M
LiabilitiesLn 26$834K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 514
VolunteersI 6450
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$2.6M$1.6M
InvestmentsLn 11–13$3.2M$4.5M
Land, buildings, equipmentLn 10c$390K$464K
Total assetsLn 16$6.5M$6.9M
LiabilitiesLn 26$1.1M$834K
Net assetsLn 32$5.4M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$12K$12K
Pay of disqualified personsLn 6$130K$130K
Other salaries and wagesLn 7$1.0M$450K$593K
Accounting feesLn 11c$2K$2K
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$543K$543K
Depreciation, depletion and amortizationLn 22$66K$66K
Other expenses (24a–d)Ln 24$1.0M$760K$235K$52K
All other expensesLn 24e$18K$18K
Total functional expensesLn 25$2.9M$1.8M$1.0M$52K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$2.9M$435K$6.1M 990 PDF
FY2023 $3.0M$2.6M$378K$5.4M 990 PDF
FY2022 $2.6M$2.2M$438K$4.6M 990 PDF
FY2021 $2.7M$2.2M$497K$4.6M 990 PDF
FY2020 $2.6M$2.3M$340K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,296,429 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,559,272$1,801,929
I-9 Program service revenuePrior year $1,168,229$1,192,365
I-10 Investment income$0
I-11 Other revenuePrior year $298,923$302,135
I-12 Total revenuePrior year $3,026,424$3,296,429
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,235,020$1,183,882
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,413,128$1,677,923
I-18 Total expensesPrior year $2,648,148$2,861,805
I-19 Revenue less expensesPrior year $378,276$434,624
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $3,296,429 across 7 lines filed
VIII-1b Membership dues$1,756,829
VIII-1f All other contributions, gifts and grants$45,100
VIII-1h Total contributions, gifts and grants$1,801,929
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,192,365$1,192,365
VIII-5 RoyaltiesRelated to mission $12,000$12,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $238,889 · Unrelated business $51,246$290,135
VIII-12 Total revenueRelated to mission $1,443,254 · Unrelated business $51,246$3,296,429
Part IX · Statement of functional expenses $2,861,805 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $11,580$11,580
IX-6 Pay of disqualified personsManagement $130,076$130,076
IX-7 Other salaries and wagesPrograms $449,534 · Management $592,692$1,042,226
IX-11c Accounting feesManagement $1,800$1,800
IX-16 OccupancyManagement $2,820$2,820
IX-19 Conferences, conventions and meetingsPrograms $543,011$543,011
IX-22 Depreciation, depletion and amortizationManagement $66,103$66,103
IX-24 Other expenses (24a–d)Programs $759,554 · Management $235,208 · Fundraising $51,712$1,046,474
IX-24e All other expensesPrograms $17,715$17,715
IX-25 Total functional expensesPrograms $1,769,814 · Management $1,040,279 · Fundraising $51,712$2,861,805
Part X · Balance sheet $6,887,254 assets, 14 lines filed
Asset lines not itemized here account for $150,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,636,579$1,645,218
X-4 Accounts receivableStart of year $8,724$3,126
X-9 Prepaid expenses and deferred chargesStart of year $83,993$80,832
X-10c Land, buildings and equipment, netStart of year $389,930$464,368
X-12 Other securitiesStart of year $3,226,758$4,539,710
X-15 Other assetsStart of year $3,000$4,000
X-16 Total assetsStart of year $6,498,984$6,887,254
X-17 Accounts payable and accrued expensesStart of year $171,865$177,254
X-19 Deferred revenueStart of year $973,110$656,630
X-26 Total liabilitiesStart of year $1,144,975$833,884
X-27 Net assets without donor restrictionsStart of year $4,495,243$5,079,959
X-28 Net assets with donor restrictionsStart of year $858,766$973,411
X-32 Total net assets or fund balancesStart of year $5,354,009$6,053,370
X-33 Total liabilities and net assetsStart of year $6,498,984$6,887,254
Part XI · Reconciliation of net assets $6,053,370 net assets at year end
XI-1 Total revenue$3,296,429
XI-2 Total expenses$2,861,805
XI-3 Revenue less expenses$434,624
XI-4 Net assets at start of year$5,354,009
XI-5 Net unrealized gains (losses) on investments$264,737
XI-10 Net assets at end of year$6,053,370

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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