Aace International
- Assets
- $6.5m
- Revenue
- $3.0m
- Investments
- $3.2m
- Employees
- 15
- Location
- Fairmont, WV
- Founding
- 07/1964
- Data as of
- 12/2023
- EIN
- 74-1675154
Organization Overview
Aace International is located in Fairmont, WV. The organization was established in 1964. 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. As of 12/2023, Aace International employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aace International 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, Aace International generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aace International has awarded 71 individual grants totaling $134,000. 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
THE MEMBERS OF AACE ENABLE ORGANIZATIONS AROUND THE WORLD TO ACHIEVE THEIR INVESTMENT EXPECTATIONS BY MANAGING AND CONTROLLING PROJECTS, PROGRAMS, AND PORTFOLIOS; WE CREATE VALUE BY ADVANCING TECHNICAL KNOWLEDGE AND PROFESSIONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING EDUCATION COURSES AND STUDY GUIDE PUBLICATIONS ARE PRODUCED TO ASSIST ENGINEERS AND OTHER PROJECT CONTROL SPECIALISTS IN DEVELOPING AND MAINTAINING SKILLS. APPROX. 975 PARTICIPANTS
VARIOUS TECHNICAL PUBLICATIONS ARE PRODUCED/UPDATED ANNUALLY AS REFERENCE MATERIALS FOR STUDENTS, EMPLOYED ENGINEERS AND OTHER PROJECT CONTROL SPECIALISTS. APPROX. 10,000 PARTICIPANTS
AN ANNUAL IN-PERSON TECHNICAL CONFERENCE AND SMALLER VIRTUAL CONFERENCES HELD TO PROVIDE A FORUM FOR PRESENTATIONS ON THE STATE OF THE ART IN COST ENGINEERING/PROJECT CONTROLS. APPROX. 807 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Lally Exec Directo | Officer | 32 | $208,885 |
Hans Christian Heller Director Of | 40 | $107,543 | |
Janice L Johnson Director, Ac | 40 | $108,411 | |
Kenneth K Humphreys Former Direc | 0 | $24,512 | |
Husain Ali Al-Omani Director At | Trustee | 4 | $0 |
Nakisa Alborz Director - E | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,519,247 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559,272 |
| Total Program Service Revenue | $1,168,229 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,000 |
| 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 | $3,026,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $208,885 |
| Compensation of current officers, directors, key employees. | $208,885 |
| Compensation to disqualified persons | $27,567 |
| Other salaries and wages | $998,568 |
| 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 | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,820 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $586,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,086 |
| Insurance | $0 |
| All other expenses | $15,455 |
| Total functional expenses | $2,648,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,636,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $83,993 |
| Net Land, buildings, and equipment | $389,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,226,758 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $6,498,984 |
| Accounts payable and accrued expenses | $171,865 |
| Grants payable | $0 |
| Deferred revenue | $973,110 |
| 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 | $1,144,975 |
| Net assets without donor restrictions | $4,495,243 |
| Net assets with donor restrictions | $858,766 |
| 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 | $6,498,984 |
Grants Awarded
Over the last fiscal year, Aace International has awarded $38,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SYRACUSE UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $3,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $5,000 |
MICHIGAN STATE UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $1,000 |
UNIV OF ILLINOIS AT URBANA CHAMPAIGN PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $1,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $1,500 |
ROCHESTER INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $4,000 |