Aec Trust

Wilmington, DE
Tax-exempt since June 1981
EIN: 36-6725987

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$21.3M (2023)

Expenses

$4M (2023)

Total Assets

$48.4M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$21,263,477

Expenses

$3,998,839

Net Income

$17,264,638

Net Assets

$48,373,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,363,870	77.0%
Interest Revenue	$95,623	0.4%
Dividends	$801,023	3.8%
Sales of Assets	$4,002,961	18.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,788,440	94.7%
Compensation of Officers*	$211,022	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,373,480
Total Liabilities	$0
Net Assets	$48,373,480

Compensation

Key Employees and Officers	Compensation	Other
Cibc National Trust Company (Trustee)	$211,022	$0
David H Cofrin (Advisory Board Member)	$0	$0
Edith Dee Cofrin (Advisory Board Chair)	$0	$0
Mary Ann P Cofrin (Advisory Board Member)	$0	$0
Paige Cofrin (Advisory Board Member)	$0	$0

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990-PF

Filed on May 2, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$5,348,547

Expenses

$3,080,703

Net Income

$2,267,844

Net Assets

$31,108,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,999	0.4%
Dividends	$756,239	14.1%
Sales of Assets	$4,572,309	85.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,921,618	94.8%
Compensation of Officers*	$213,456	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,108,842
Total Liabilities	$0
Net Assets	$31,108,842

Compensation

Key Employees and Officers	Compensation	Other
Cibc National Trust Company (Trustee)	$213,456	$0
David H Cofrin (Advisory Board Member)	$0	$0
Edith Dee Cofrin (Advisory Board Chair)	$0	$0
Mary Ann H Cofrin (Advisory Board Member)	$0	$0
Mary Ann P Cofrin (Advisory Board Member)	$0	$0
Paige Cofrin (Advisory Board Member)	$0	$0

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990-PF

Filed on April 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$5,439,204

Expenses

$3,121,969

Net Income

$2,317,235

Net Assets

$28,840,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$413	0.0%
Dividends	$656,673	12.1%
Sales of Assets	$4,782,118	87.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,941,824	94.2%
Compensation of Officers*	$205,936	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,840,998
Total Liabilities	$0
Net Assets	$28,840,998

Compensation

Key Employees and Officers	Compensation	Other
Cibc National Trust Company (Trustee)	$205,936	$0
David H Cofrin (Advisory Board Member)	$0	$0
Edith Dee Cofrin (Advisory Board Chair)	$0	$0
Mary Ann H Cofrin (Advisory Board Member)	$0	$0
Mary Ann P Cofrin (Advisory Board Member)	$0	$0
Paige Cofrin (Advisory Board Member)	$0	$0

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990-PF

Filed on Aug. 4, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,831,452

Expenses

$3,050,466

Net Income

$780,986

Net Assets

$26,523,762

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,361	0.2%
Dividends	$627,395	16.4%
Sales of Assets	$3,195,475	83.4%
Other Income	$221	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,912,374	95.5%
Compensation of Officers*	$184,169	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,523,763
Total Liabilities	$1
Net Assets	$26,523,762

Compensation

Key Employees and Officers	Compensation	Other
Cibc National Trust Company (Trustee)	$184,169	$0
David H Cofrin (Advisory Board Member)	$0	$0
Edith Dee Cofrin (Advisory Board Chair)	$0	$0
Mary Ann H Cofrin (Advisory Board Member)	$0	$0
Mary Ann P Cofrin (Advisory Board Member)	$0	$0
Paige Cofrin (Advisory Board Member)	$0	$0

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990-PF

Filed on Oct. 26, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$1,431,275

Expenses

$2,029,613

Net Income

-$598,338

Net Assets

$25,742,776

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41,897	2.9%
Dividends	$638,903	44.6%
Sales of Assets	$749,707	52.4%
Other Income	$768	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,903,850	93.8%
Compensation of Officers*	$177,615	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,742,777
Total Liabilities	$1
Net Assets	$25,742,776

Compensation

Key Employees and Officers	Compensation	Other
Cibc National Trust Company (Trustee)	$177,615	$0
David H Cofrin (Advisory Board Member)	$0	$0
Edith Dee Cofrin (Advisory Board Chair)	$0	$0
Mary Ann H Cofrin (Advisory Board Member)	$0	$0
Mary Ann P Cofrin (Advisory Board Member)	$0	$0
Paige Cofrin (Advisory Board Member)	$0	$0

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990-PF

Filed on Aug. 31, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$4,167,328

Expenses

$1,936,191

Net Income

$2,231,137

Net Assets

$26,332,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23,473	0.6%
Dividends	$636,783	15.3%
Sales of Assets	$3,506,002	84.1%
Other Income	$1,070	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,756,917	90.7%
Compensation of Officers*	$172,380	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,332,057
Total Liabilities	$0
Net Assets	$26,332,057

Compensation

Key Employees and Officers	Compensation	Other
Cibc National Trust Company (Trustee)	$172,380	$0
David H Cofrin (Advisory Board Member)	$0	$0
Edith Dee Cofrin (Advisory Board Chair)	$0	$0
Mary Ann H Cofrin (Advisory Board Member)	$0	$0
Mary Ann P Cofrin (Advisory Board Member)	$0	$0
Paige Cofrin (Advisory Board Member)	$0	$0

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990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$3,036,020

Expenses

$1,492,840

Net Income

$1,543,180

Net Assets

$24,424,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,042	0.0%
Dividends	$680,044	22.4%
Sales of Assets	$2,354,934	77.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,371,336	91.9%
Compensation of Officers*	$147,602	9.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,424,292
Total Liabilities	$0
Net Assets	$24,424,292

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,627,030

Expenses

$1,755,157

Net Income

-$128,127

Net Assets

$22,881,112

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$982	0.1%
Dividends	$556,059	34.2%
Sales of Assets	$1,069,989	65.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,654,101	94.2%
Compensation of Officers*	$143,286	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,881,112
Total Liabilities	$0
Net Assets	$22,881,112

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,939,648

Expenses

$1,780,453

Net Income

$1,159,195

Net Assets

$23,009,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$522	0.0%
Dividends	$588,767	20.0%
Sales of Assets	$2,315,930	78.8%
Other Income	$34,429	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,606,603	90.2%
Compensation of Officers*	$127,311	7.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,009,239
Total Liabilities	$0
Net Assets	$23,009,239

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,140,376

Expenses

$4,451,316

Net Income

-$2,310,940

Net Assets

$21,850,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$695,996	32.5%
Sales of Assets	$1,408,140	65.8%
Other Income	$36,240	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,358,437	30.5%
Compensation of Officers*	$129,853	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,850,044
Total Liabilities	$0
Net Assets	$21,850,044

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,312,835

Expenses

$1,422,524

Net Income

-$109,689

Net Assets

$24,160,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$666,652	50.8%
Sales of Assets	$645,207	49.1%
Other Income	$976	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,285,675	90.4%
Compensation of Officers*	$129,554	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,160,984
Total Liabilities	$0
Net Assets	$24,160,984

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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Aec Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $21.3M (2023)

Expenses $4M (2023)

Total Assets $48.4M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

Revenue

$21.3M (2023)

Expenses

$4M (2023)

Total Assets

$48.4M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001