Aci Foundation
- Assets
- $4.4m
- Revenue
- $2.1m
- Investments
- $3.3m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 38-2986800
Organization Overview
Aci Foundation is located in Farmington Hills, MI. The organization was established in 1991. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aci 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 12/2021, Aci Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.7% 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.
Since 2015, Aci Foundation has awarded 79 individual grants totaling $2,569,265. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT EDUCATIONAL, RESEARCH, SCIENTIFIC AND CHARITABLE PURPOSES IN THE CONCRETE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FUND - AWARD FUNDS ESTABLISHED TO PROVIDE SCHOLARSHIPS AND ACKNOWLEDGEMENTS OF ACHIEVEMENT FOR THE PURPOSE OF GRADUATE AND UNDERGRADUATE STUDIES RELATING TO CONCRETE.
CONCRETE RESEARCH COUNCIL - ENCOURAGES HIGH QUALITY RESEARCH IN CONCRETE MATERIALS, CONSTRUCTION AND STRUCTURES. LENDS ENDORSEMENTS TO QUALIFIED PROJECTS, ADVISES ON POTENTIAL SPONSORS AND SHARES COST OF WORK.
CONCRETE INNOVATION COUNCIL - IDENTIFIES TECHNOLOGIES AND INNOVATION THAT ARE ALIGNED WITH ACI AND INDUSTRY STRATEGIES AND HELPS IMPLEMENT THEIR USES WHEN APPROPRIATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Schneider Chair | OfficerTrustee | 1 | $0 |
Donna Halstead Treasurer | Officer | 1 | $0 |
Ann Masek Executive Director/secreta | Officer | 40 | $0 |
Ronald Burg Trustee | Trustee | 1 | $0 |
Joseph Bracci Trustee | Trustee | 1 | $0 |
Charles Nmai Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $84,300 |
| Fundraising events | $0 |
| Related organizations | $1,204,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $654,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,943,052 |
| Total Program Service Revenue | $7,835 |
| Investment income | $191,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,142,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $434,891 |
| Grants and other assistance to domestic individuals. | $147,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,000 |
| 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 | $251,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $197,972 |
| Payroll taxes | $52,314 |
| Fees for services: Management | $3,742 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,983 |
| Office expenses | $4,193 |
| Information technology | $9,556 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,063 |
| All other expenses | $0 |
| Total functional expenses | $1,177,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,789 |
| Savings and temporary cash investments | $560,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,199 |
| 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 | $7,897 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,325,617 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,376,096 |
| Accounts payable and accrued expenses | $65,750 |
| Grants payable | $0 |
| Deferred revenue | $1,550 |
| 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 | $67,300 |
| Net assets without donor restrictions | $2,672,697 |
| Net assets with donor restrictions | $1,636,099 |
| 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 | $4,376,096 |
Grants Awarded
Over the last fiscal year, Aci Foundation has awarded $420,614 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: RESEARCH | $50,000 |
UNIVERSITY OF MISSOURI-KANSAS CITY PURPOSE: RESEARCH | $47,500 |
Reno, NV PURPOSE: RESEARCH | $47,482 |
VIRGINIA POLYTECHNIC INSTITUTE PURPOSE: RESEARCH | $45,500 |
UNIVERSITY OF ARKANSAS OF FAYETTEVILLE PURPOSE: RESEARCH | $36,000 |
SIMPSON GUMPERTZ HEGER PURPOSE: RESEARCH | $30,071 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aci Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Farrell Family Foundation Kentfield, CA PURPOSE: FUNDS FOR DISCRETIONARY USE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |