American Concrete Institute
- Assets
- $51.9m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 170
- Location
- Farmington Hills, MI
- Founding
- 02/1956
- Data as of
- 12/2023
- 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 12/2023, American Concrete Institute employed 170 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 12/2023, American Concrete Institute generated $21.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $25.6m during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACI DEVELOPS, DISSEMINATES, AND ADVANCES THE ADOPTION OF ITS CONSENSUS-BASED KNOWLEDGE OF CONCRETE AND ITS USERS.
Describe the Organization's Program Activity:
PUBLICATION AND PERIODICALS: EXCHANGE OF IDEAS AND NEW TECHNOLOGY AFFECTING THE CONCRETE INDUSTRY. THE ORGANZIATION ALSO EDITS AND PUBLISHES THE BI-MONTHLY JOURNALS, MONTHLY CONCRETE INTERNATIONAL, AND OTHER SPECIFIC PUBLICATIONS IN THE CONCRETE FIELD.
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.
MEMBER SERVICES: INCLUDING PROVIDING PLAQUES, CERTIFICATES, PINS, DECALS AND MANUAL OF CONCRETE PRACTICE TO MEMBERS AND 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Burg Evp Through Aug 2023 | OfficerTrustee | 40 | $448,594 |
Frederick H Grubbe Evp Starting Aug 2023 | OfficerTrustee | 40 | $187,095 |
Antonio Nanni President | Trustee | 1 | $0 |
Dr Charles Nmai Past President | Trustee | 1 | $0 |
Michael Paul Vice President | Trustee | 1 | $0 |
Jeffrey Coleman Past President/director | Trustee | 1 | $0 |
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 | $15,778,854 |
| Investment income | $967,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,466 |
| Net Gain/Loss on Asset Sales | -$705,694 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,621,795 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,677,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,001,000 |
| 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. | $460,486 |
| Compensation of current officers, directors, key employees. | $460,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,055,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,481,826 |
| Payroll taxes | $980,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,736 |
| Fees for services: Accounting | $68,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,000 |
| Advertising and promotion | $712,549 |
| Office expenses | $0 |
| Information technology | $321,877 |
| Royalties | $0 |
| Occupancy | $589,412 |
| Travel | $715,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,316,522 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,060 |
| Insurance | $113,469 |
| All other expenses | $2,397,128 |
| Total functional expenses | $25,576,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,385 |
| Savings and temporary cash investments | $463,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,684,133 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,872,066 |
| Prepaid expenses and deferred charges | $1,176,106 |
| Net Land, buildings, and equipment | $4,151,791 |
| Investments—publicly traded securities | $40,272,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,827,139 |
| Total assets | $51,864,988 |
| Accounts payable and accrued expenses | $3,847,680 |
| Grants payable | $0 |
| Deferred revenue | $2,548,310 |
| 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 | $2,790,685 |
| Total liabilities | $9,186,675 |
| Net assets without donor restrictions | $42,641,647 |
| Net assets with donor restrictions | $36,666 |
| 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 | $51,864,988 |
Grants Awarded
Over the last fiscal year, American Concrete Institute has awarded $2,001,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ACI FOUNDATION PURPOSE: RESEARCH GRANTS & SCHOLARSHIPS | $1,741,000 |
ACI CENTER OF EXCELLENCE FOR ADVANCING PRODUCTIVITY PURPOSE: RESEARCH GRANTS & SCHOLARSHIPS | $50,000 |
ACI CENTER OF EXCELLENCE FOR CARBON NEUTRAL CONCRETE PURPOSE: RESEARCH GRANTS & SCHOLARSHIPS | $210,000 |