Aci Foundation
- Assets
- $5.4m
- Revenue
- $3.1m
- Investments
- $2.5m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 06/1991
- Data as of
- 12/2023
- 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 12/2023, Aci Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 16.7% 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.
Since 2015, Aci Foundation has awarded 110 individual grants totaling $3,171,777. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE, ADMINISTER, AND EXPEND FUNDS FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP COUNCIL - ESTABLISH AND MANAGE MONETARY AWARDS (SCHOLARSHIPS) FOR GRADUATE AND UNDERGRADUATE STUDENTS STUDYING IN CONCRETE-RELATED FIELDS; SUPPORT STUDENTS WHO ARE EMERGING LEADERS AND KNOWLEDGE EXPERTS IN THE FILED OF CONCRETE; ACKNOWLEDGE THE ACHIEVEMENT OF SUCH STUDENTS.
CONCRETE RESEARCH COUNCIL - MANAGES THE FUNDING AND DISSEMINATION OF HIGH-QUALITY RESEARCH ON CONCRETE MATERIALS, CONSTRUCTION AND STRUCTURES, AND SUB-CATEGORIES RELATED TO EACH; WORKS WITH ACI COMMITTEES TO PROVIDE ENDORSEMENT OF QUALIFIED PROJECTS; FUNDS OR CO-FUNDS THE RESEARCH PROGRAM; DISSEMINATES THE RESEARCH PRODUCT.
CONCRETE INNOVATION COUNCIL - IDENTIFIES TECHNOLOGIES (STRUCTURAL SYSTEMS, METHODS, PRODUCTS, MATERIALS) AND INNOVATIONS THAT PROVIDE NEEDED SOLUTIONS FOR THE CONCRETE INDUSTRY AND HELPS IMPLEMENT THEIR USE WHEN APPROPRIATE, WHICH INCLUDES, BUT IS NOT LIMITED TO FINANCIAL SUPPORT OF RESEARCH, TECHNICAL DOCUMENT DEVELOPMENT, BUSINESS CASES, EDUCATION AND TRAINING, AND PROMOTION OF NEW TECHNOLOGY AND INNOVATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Burg Trustee Thru Aug 2023 | OfficerTrustee | 1 | $0 |
Frederick H Grubbe Trustee | OfficerTrustee | 40 | $0 |
Jeffrey Coleman Chair | OfficerTrustee | 1 | $0 |
Khaled Awad Trustee | Trustee | 1 | $0 |
Robert Frosch Trustee | Trustee | 1 | $0 |
Maria Juenger Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,741,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $654,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,395,940 |
| Total Program Service Revenue | $696,071 |
| Investment income | $97,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,124,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $506,229 |
| Grants and other assistance to domestic individuals. | $319,575 |
| Grants and other assistance to Foreign Orgs/Individuals | $73,436 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $191,316 |
| Compensation of current officers, directors, key employees. | $66,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $475,509 |
| 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 | $13,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,748 |
| Office expenses | $2,983 |
| Information technology | $6,834 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,898 |
| 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 | $2,900 |
| All other expenses | $16,651 |
| Total functional expenses | $2,815,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,272 |
| Savings and temporary cash investments | $401,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,930 |
| 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 | $15,744 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,857,810 |
| Investments—other securities | $2,462,547 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,382,243 |
| Accounts payable and accrued expenses | $162,630 |
| Grants payable | $0 |
| Deferred revenue | $220,000 |
| 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 | $382,630 |
| Net assets without donor restrictions | $1,834,042 |
| Net assets with donor restrictions | $3,165,571 |
| 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 | $5,382,243 |
Grants Awarded
Over the last fiscal year, Aci Foundation has awarded $506,229 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CONCRETE INSTITUTE PURPOSE: PROFESSORS WORKSHOP/RESEARCH | $20,000 |
RESEARCH FOUNDATION FOR STATE UNIVERSITY OF NY PURPOSE: RESEARCH | $49,993 |
CASE WESTERN UNIVERSITY PURPOSE: RESEARCH | $12,000 |
CHARLES PANKOW FOUNDATION PURPOSE: RESEARCH | $50,000 |
WISS JANNEY ELSTNER ASSOCIATES PURPOSE: RESEARCH | $10,000 |
UNIVERSITY OF MISSOURI-KANSAS CITY PURPOSE: RESEARCH | $8,000 |