Nonprofit · EIN 52-2106531
ASSOCIATION FOR COMPETITIVE TECHNOLOGY
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,510,425 | $10,771,405 | $4,739,020 | $17,257,562 | -$2,586,240 | $19,843,802 |
| December 31, 2023 | 990 | $14,581,479 | $8,950,979 | $5,630,500 | $13,176,320 | -$1,898,035 | $15,074,355 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,897,373
- Membership dues
- $14,247,373
- Program service revenue
- $0
- Investment income
- $146,260
- Net rental income
- $22,020
- Other revenue
- $466,792
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,148,058
- Other salaries and wages
- $615,356
- Salaries, compensation and benefits (total)
- $4,509,932
- Professional fundraising fees
- $0
- Legal fees
- $126,005
- Accounting fees
- $8,377
- Occupancy
- $403,230
- Travel
- $775,164
- Depreciation
- $24,164
Balance sheet and other
- Total assets, start of year
- $13,176,320
- Total assets, end of year
- $17,257,562
- Total liabilities, end of year
- -$2,586,240
- Net assets, end of year
- $19,843,802
- Gross receipts
- $15,510,425
- Employees
- 20
- Year formed
- 1998
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MORGAN REED | President Trustee or director, Officer | 40 | $639,800 | $0 | $106,136 |
| CHELSEA THOMAS | Executive Director Key employee | 40 | $398,600 | $0 | $80,558 |
| GRAHAM DUFAULT | General Counsel Key employee | 40 | $388,600 | $0 | $65,546 |
| RENE ADAM | CFO Trustee or director, Officer | 40 | $338,038 | $0 | $70,867 |
| BRIAN SCARPELLI | Legal Counsel Key employee | 40 | $317,388 | $0 | $69,780 |
| MIKE SAX | Board Chair Trustee or director | 40 | $314,996 | $0 | $15,000 |
| ALEX COOKE | Dir of Membership Key employee | 40 | $238,900 | $0 | $44,071 |
| KIM HUEY | Sr Dir of Admin Key employee | 40 | $161,919 | $0 | $48,522 |
| PRIYA NAIR | IP Counsel IP Fellow Key employee | 40 | $170,854 | $0 | $24,314 |
| CALEB WILLIAMSON | State Public Policy As Key employee | 40 | $171,667 | $0 | $19,941 |
| JONATHAN ZUCK | Board Member Trustee or director | 0 | $0 | $144,000 | $31,402 |
| BRADLEY SIMONICH | Global Membership Mana Highest-paid employee | 40 | $128,000 | $0 | $35,854 |
| CHAPIN GREGOR | Policy Counsel Highest-paid employee | 40 | $131,500 | $0 | $30,901 |
| TAYLOR DOWNS | Federal Policy Manager Highest-paid employee | 40 | $120,000 | $0 | $20,733 |
| CAITLIN IRR | Sr Global Mbrship Mgr Highest-paid employee | 40 | $114,000 | $0 | $15,474 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MORGAN REED | President Trustee or director, Officer | 45 | $469,800 | $0 | $2,115 |
| CHELSEA THOMAS | Executive Director Key employee | 45 | $323,600 | $0 | $20,958 |
| BRIAN SCARPELLI | Legal Counsel Key employee | 50 | $290,400 | $0 | $19,962 |
| GRAHAM DUFAULT | General Counsel Key employee | 50 | $288,350 | $0 | $17,293 |
| RENE ADAM | CFO Trustee or director, Officer | 45 | $243,129 | $0 | $13,294 |
| KAREN GROPPE | Dir of Communications Key employee | 50 | $195,750 | $0 | $13,703 |
| ALEX COOKE | Dir of Membership Key employee | 50 | $182,525 | $0 | $12,681 |
| JONATHAN ZUCK | Board Member Trustee or director | 5 | $0 | $144,000 | $4,320 |
| CALEB WILLIAMSON | State Public Policy As Highest-paid employee | 45 | $126,250 | $0 | $5,913 |
| KIM HUEY | Sr Dir of Admin Highest-paid employee | 55 | $121,900 | $0 | $8,437 |
| PRIYA NAIR | IP Counsel IP Fellow Highest-paid employee | 45 | $119,750 | $0 | $3,593 |
| TAYLOR DOWNS | Federal Policy Manager Highest-paid employee | 45 | $110,000 | $0 | $3,300 |
| BRADLEY SIMONICH | Global Membership Mana Highest-paid employee | 45 | $100,875 | $0 | $6,261 |
Address and contacts
- Address (IRS master file)
- 1401 K ST NW STE 501, WASHINGTON, DC 20005-3417
- In care of
- % GERARD R ADAM
- Principal officer (990 for 2024)
- Morgan Reed, 1401 K St NW Ste 501, Washington, DC 20005
- Signed the 990
- GERARD R ADAM, Mr
- Phone
- (202) 331-2130
- Website
- www.actonline.org
- Return prepared by
- ACT
Mission
to strive to preserve and enhance competition and entrepreneurial spirit that has been the hallmark of the technology industry
Program accomplishments
- n/a
What it must file and when
IRS records say it files Not required. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2106531
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Not required
- Category (NTEE)
- Community improvement and capacity building (S410)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,510,425 | $10,771,405 | $17,257,562 | XML |
| 990 | December 2023 | $14,581,479 | $8,950,979 | $13,176,320 | XML |
| 990 | December 2022 | $13,611,724 | $12,151,989 | $8,140,690 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2106531).
Questions about ASSOCIATION FOR COMPETITIVE TECHNOLOGY
- What is the EIN of ASSOCIATION FOR COMPETITIVE TECHNOLOGY?
- The employer identification number (EIN) of ASSOCIATION FOR COMPETITIVE TECHNOLOGY is 52-2106531.
- Is ASSOCIATION FOR COMPETITIVE TECHNOLOGY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to ASSOCIATION FOR COMPETITIVE TECHNOLOGY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION FOR COMPETITIVE TECHNOLOGY file?
- Form Not required.
- When is the next return of ASSOCIATION FOR COMPETITIVE TECHNOLOGY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION FOR COMPETITIVE TECHNOLOGY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASSOCIATION FOR COMPETITIVE TECHNOLOGY?
- The 990 for the year ended December 31, 2024 names Morgan Reed.
- Who are the officers and directors of ASSOCIATION FOR COMPETITIVE TECHNOLOGY?
- The 990 for the year ended December 31, 2024 lists 15 people; 14 received compensation from the organization, the highest $639,800 (MORGAN REED, President).
- How much revenue does ASSOCIATION FOR COMPETITIVE TECHNOLOGY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,510,425, expenses of $10,771,405 and total assets of $17,257,562 at year end.
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