Overview
What is Acimco?
Acimco is a nonprofit organization situated in Abilene, Texas, with a focus on supporting Abilene Christian University (ACU) and other Church of Christ entities. They offer investment management services, ensuring the proper allocation and growth of the university's endowment funds and other fiduciary assets. With a team of seven dedicated professionals, Acimco plays a crucial role in empowering ACU's financial stability and growth.
Is Acimco legitimate?
Acimco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acimco submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $915,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,617
For more financial information, click here
What is the mission statement of Acimco?
Acimco supports Abilene Christian University (ACU) by providing investment management services for the endowment funds and other fiduciary assets held by ACU. In essence, Acimco aids in managing the financial investments of ACU to ensure the university's long-term financial stability. Beyond supporting ACU, Acimco also extends its services to other Church of Christ entities, assisting them in managing their endowment funds and other fiduciary assets. This partnership allows these entities to focus on their primary objectives while relying on Acimco's expertise in investment management.
Who is the CEO of Acimco?
Amy Justice is the Trustee of Acimco.
What is the revenue of Acimco?
Acimco's revenue in 2022 was $2,678,423.
Who are the executives of Acimco and what are their salaries?
The average compensation at Acimco during 2022 was $207,091. There are 7 employees at Acimco.
Here are 17 key members and their salaries:
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- Compensation: $480,147
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- Other: $42,973
- Compensation: $223,310
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- Other: $33,584
- Compensation: $121,408
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- Other: $30,843
- Compensation: $120,671
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- Other: $24,868
Where can I find the form 990 for Acimco?
Acimco's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Acimco
Acimco, a supportive entity, plays a crucial role in assisting Abilene Christian University (ACU) and other Church of Christ entities by offering investment management services. Specifically, Acimco manages various endowment funds and other fiduciary assets held by ACU. This mission enables ACU to effectively manage its financial resources, thereby contributing to its overall operational success. By providing investment management services, Acimco helps these educational institutions to optimize their financial growth, ensuring they can continue their missions of providing quality education and contributing to their respective communities.
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Impact
October, 2024
Acimco plays a vital role in enhancing the financial health and sustainability of Abilene Christian University (ACU) and various Church of Christ entities. By offering expert investment management services for endowment funds and fiduciary assets, Acimco ensures that these institutions can effectively grow and preserve their financial resources. This stewardship enables ACU to support its educational mission, providing scholarships, academic programs, and facilities that benefit students and the wider community.
Through its strategic management of assets, Acimco fosters a stable financial foundation that allows for long-term planning and investment in higher education. The impact of its services is felt not only within ACU but also across related organizations, contributing to a robust support network that encourages academic excellence and spiritual development. By prioritizing the responsible management of funds, Acimco ultimately enhances the overall educational landscape in Abilene and beyond, empowering future generations.
This information is meant to be a general summary of Acimco. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,678,423
- Gross Receipts: $2,678,423
Assets and Liabilities:
- Total Assets: $1,286,859
- Total Liabilities: $0
- Net Assets: $1,286,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE-ACU
Revenue
$2,512,391
MANAGEMENT FEE-TRUSTS
Revenue
$166,032
Organization Details
Founding Year
2008
Phone
(325) 674-2013Principal Officer
Amy Justice
Main Address
224 HUNTER WELCOME CT ACU BOX 29139, ABILENE, TX, 79699
NTEE Category
Code: B112 - Education
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