American Concrete Institute
- Assets
- $61.3m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 157
- Location
- Farmington Hills, MI
- Founding
- 02/1956
- Data as of
- 12/2021
- EIN
- 38-0296490
Organization Overview
American Concrete Institute is located in Farmington Hills, MI. The organization was established in 1956. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Concrete Institute employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Concrete Institute 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 12/2021, American Concrete Institute generated $22.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $17.9m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, DISSEMINATE AND ADVANCE THE ADOPTION OF ITS CONSENSUS-BASED KNOWLEDGE ON CONCRETE AND ITS USES. TO UTILIZE CONCRETE TO ITS FULLEST POTENTIAL BY OPERATING THE NATIONAL HEADQUARTERS OF THIS SCIENTIFIC & EDUCATIONAL SOCIETY TO ENCOURAGE THE EXCHANGE OF IDEAS AND NEW TECHNOLOGY AFFECTING THE CONCRETE INDUSTRY. THE ORGANIZATION ALSO EDITS AND PUBLISHES THE BI-MONTHLY JOURNALS, MONTHLY CONCRETE INTERNATIONAL, AND OTHER SPECIFIC PUBLICATIONS IN THE CONCRETE FIELD.
Describe the Organization's Program Activity:
PUBLICATIONS AND PERIODICALS: DISSEMINATE TECHNICAL INFORMATION ON CONCRETE DESIGN AND CONSTRUCTION.
MEMBER SERVICES: INCLUDING PROVIDING PLAQUES, CERTIFICATES, PINS, DECALS AND ACI COLLECTION OF CONCRETE CODES, SPECIFICATIONS AND PRACTICES TO MEMBERS AS WELL AS AWARDING SCHOLARSHIPS AND GRANTS TO STUDENTS.
CERTIFICATION: CERTIFICATION OF LABORATORY, FIELD TECHNICIANS, INSPECTORS, ADHESIVE ANCHOR INSTALLERS, FINISHERS AND OTHER CERTIFICATION PROGRAMS TO IMPROVE THE QUALITY OF CONCRETE CONSTRUCTION. CERTIFIED INDIVIDUALS ARE GENERALLY NOT ACI MEMBERS.
EDUCATIONAL SEMINARS/WEBINARS: TECHNICAL SEMINARS PROVIDED TO THE GENERAL PUBLIC REGARDING CONCRETE DESIGN AND TECHNOLOGY. CONVENTIONS: COMMITTEE MEETINGS ARE HELD TO DEVELOP TECHNICAL PUBLICATIONS THROUGH A CONSENSUS PROCESS. THERE ARE OVER 30 SEMINARS, TECHNICAL SESSIONS & FORUMS RELATING TO THE LATEST CONCRETE DESIGN AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Burg Executive Vice President | OfficerTrustee | 40 | $447,562 |
John Glumb Sr Managing Director - Ope | 40 | $248,906 | |
Kimberly Kayler President Aoe | 40 | $213,423 | |
Michael Tholen Managing Director -Engr & | 40 | $211,076 | |
Donna Halstead Managing Director- Finance | Officer | 40 | $206,782 |
Anthony Johnson Managing Director - Pti | 40 | $196,971 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,073,601 |
| Investment income | $6,375,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,605 |
| Net Gain/Loss on Asset Sales | $487,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,630,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,570,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,204,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $741,510 |
| Compensation of current officers, directors, key employees. | $741,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,475,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,383,843 |
| Payroll taxes | $760,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,004 |
| Fees for services: Accounting | $31,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $176,452 |
| Fees for services: Other | $0 |
| Advertising and promotion | $505,282 |
| Office expenses | $670,313 |
| Information technology | $395,621 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $157,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $412,108 |
| Interest | $0 |
| Payments to affiliates | $163,698 |
| Depreciation, depletion, and amortization | $353,515 |
| Insurance | $84,620 |
| All other expenses | $945,088 |
| Total functional expenses | $17,864,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,940 |
| Savings and temporary cash investments | $635,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,812,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,366,712 |
| Prepaid expenses and deferred charges | $1,425,605 |
| Net Land, buildings, and equipment | $4,369,515 |
| Investments—publicly traded securities | $50,378,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,000 |
| Total assets | $61,288,545 |
| Accounts payable and accrued expenses | $2,947,411 |
| Grants payable | $0 |
| Deferred revenue | $2,222,424 |
| 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 | $3,555,670 |
| Total liabilities | $8,725,505 |
| Net assets without donor restrictions | $52,417,568 |
| Net assets with donor restrictions | $145,472 |
| 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 | $61,288,545 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Concrete Institute has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,500 |
Gavlin Family Foundation Evanston, IL PURPOSE: GENERAL ASSISTANCE | $500 |