Aace International
- Assets
- $5.5m
- Revenue
- $2.7m
- Investments
- $3.2m
- Employees
- 14
- Location
- Fairmont, WV
- Founding
- 07/1964
- Data as of
- 12/2021
- 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 12/2021, Aace International employed 14 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 12/2021, Aace International generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
CONTINUING EDUCATION SEMINARS ARE CONDUCTED TO ASSIST ENGINEERS AND OTHER PROJECT CONTROL SPECIALISTS IN MAINTAINING SKILLS. APPROX. 104 PARTICIPANTS
VARIOUS TECHNICAL JOURNALS, TEXTBOOKS, HANDBOOKS, AND OTHER PUBLICATIONS ARE PRODUCED/UPDATED ANNUALLY AS EDUCATIONAL MATERIALS FOR STUDENTS, EMPLOYED ENGINEERS AND OTHER PROJECT CONTROL SPECIALISTS. APPROX. 12,500 PARTICIPANTS
AN ANNUAL TECHNICAL CONFERENCE IS HELD TO PROVIDE A FORUM FOR PRESENTATIONS ON THE STATE OF THE ART IN COST ENGINEERING/PROJECT CONTROLS. APPROX. 428 PARTICIPANTS
A CERTIFICATION PROGRAM IS OFFERED IN WHICH PROFESSIONALS IN THE FIELD ARE TESTED BY A WRITTEN EXAM TO DETERMINE IF THEIR LEVEL OF COMPETENCE REACHED A MINIMUM STANDARD. APPROX. 728 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Lally Exec Directo | Officer | 40 | $190,000 |
Hans Christian Heller Director Of | 40 | $100,725 | |
Kenneth K Humphreys Former Direc | $12,842 | ||
James Krebs President | Trustee | 4 | $0 |
Jeffrey Milo Director - E | Trustee | 4 | $0 |
Scott Galbraith Director-Cer | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,312,186 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,337,186 |
| Total Program Service Revenue | $1,028,595 |
| Investment income | $0 |
| 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 | $2,742,119 |
| 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. | $190,000 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation to disqualified persons | $15,027 |
| Other salaries and wages | $1,088,829 |
| 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 | $0 |
| 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 | $111,764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,995 |
| Insurance | $0 |
| All other expenses | $12,859 |
| Total functional expenses | $2,245,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,064,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,406 |
| 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 | $93,441 |
| Net Land, buildings, and equipment | $85,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,208,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,460,559 |
| Accounts payable and accrued expenses | $106,504 |
| Grants payable | $0 |
| Deferred revenue | $762,000 |
| 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 | $868,504 |
| Net assets without donor restrictions | $3,804,671 |
| Net assets with donor restrictions | $787,384 |
| 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 | $5,460,559 |
Grants Awarded
Over the last fiscal year, Aace International has awarded $38,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $5,000 |
WESTERN MICHIGAN UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $4,500 |
ROCHESTER INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $4,000 |
UNIVERSITY OF FLORIDA PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $4,000 |
PURDUE UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $3,500 |
SYRACUSE UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES TO FURTHER COST ENGINEERING. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Pharmaceutical Industry Labor Management Association Alexandria, VA | $483,613 | $14,704,562 |
Mechanical Contractors Association Of America Inc Rockville, MD | $31,715,254 | $22,083,810 |
Association For The Advancement Of Medical Instrumentation Inc Arlington, VA | $25,944,802 | $16,187,252 |