Acfe Foundation
- Assets
- $2.0m
- Revenue
- $570.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 27-0124714
Organization Overview
Acfe Foundation is located in Austin, TX. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acfe Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Acfe Foundation generated $570.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $208.1k during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACFE FOUNDATION'S MISSION IS TO INCREASE THE BODY OF ANTI-FRAUD KNOWLEDGE AND SUPPORT FUTURE ANTI-FRAUD PROFESSIONALS WORLDWIDE THROUGH THE FUNDING OF SCHOLARSHIPS, ENDOWMENTS, RESEARCH AND OTHER EDUCATIONAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RITCHIE-JENNINGS MEMORIAL SCHOLARSHIPS PROVIDE AN OPPORTUNITY FOR STUDENTS TO ADVANCE THEIR EDUCATION AND ANTI-FRAUD CAREER PATHS.
THE ACFE RESEARCH INSTITUTE (ARI) IS A MULTIDISCIPLINARY RESEARCH CENTER DEDICATED TO RESEARCH AND EDUCATION ON THE PREVENTION OF FRAUD, CORRUPTION AND OTHER WHITE-COLLAR CRIME. THE ARI WORKS WITH ACADEMICS AND INDUSTRY EXPERTS WORLDWIDE TO GENERATE RESEARCH PROJECTS THAT EXPLORE THE LATEST FRAUD TRENDS AND DEVELOPMENTS AFFECTING INDIVIDUALS, BUSINESSES AND GOVERNMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jala Attia Chair | OfficerTrustee | 0.2 | $0 |
John Warren Secretary | OfficerTrustee | 1 | $0 |
Jeannie Kwong Treasurer | OfficerTrustee | 1 | $0 |
Jeanette Levie Asst Treasurer | OfficerTrustee | 0.2 | $0 |
Matt Molchany Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,634 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,267 |
| Total Program Service Revenue | $6,725 |
| Investment income | $56,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,987 |
| Grants and other assistance to domestic individuals. | $123,260 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,787 |
| Fees for services: Other | $15,610 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $208,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,484 |
| Savings and temporary cash investments | $102,425 |
| Pledges and grants receivable | $67,955 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,624,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,981,022 |
| Accounts payable and accrued expenses | $6,835 |
| Grants payable | $85,474 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,309 |
| Net assets without donor restrictions | $1,086,750 |
| Net assets with donor restrictions | $801,963 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,981,022 |
Grants Awarded
Over the last fiscal year, Acfe Foundation has awarded $26,909 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OLD DOMINION UNIV RESEARCH FO PURPOSE: Research project grant | $11,909 |
UNIV OF GEORGIA RESEARCH FDN PURPOSE: Research project grant | $15,000 |