Associated Builders And Contractors Inc
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Woburn, MA
- Founding
- 07/1969
- Data as of
- 06/2022
- EIN
- 04-2446474
Organization Overview
Associated Builders And Contractors Inc is located in Woburn, MA. The organization was established in 1969. 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 06/2022, Associated Builders And Contractors Inc employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders And Contractors Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Associated Builders And Contractors Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AN ENVIRONMENT THAT ENSURES MEMBERS AND THEIR EMPLOYEES HAVE THE ABILITY TO GROW AND PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICE INCLUDES MANAGEMENT EDUCATION MANPOWER, TRAINING, GROUP RATES ON HEALTH AND OTHER INSURANCE, LEGAL ASSISTANCE, DIRECT LOBBYING, DISSEMINATION OF INFORMATION AND BUSINESS DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D'von Myles Director | Trustee | 0 | $0 |
Mike Haynes Director | Trustee | 0 | $0 |
Nancy Martin Director | Trustee | 0 | $0 |
Michael Francis Director | Trustee | 0 | $0 |
Vera Fernandes Vadeboncoeur First Vice Chairman | Trustee | 0 | $0 |
Kevin Hansen Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,260,291 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,098 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,295,389 |
| Total Program Service Revenue | $198,701 |
| Investment income | $20,041 |
| 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 | $1,579,216 |
| 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. | $129,289 |
| Compensation of current officers, directors, key employees. | $12,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,496 |
| Pension plan accruals and contributions | $17,217 |
| Other employee benefits | $0 |
| Payroll taxes | $72,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $226,446 |
| 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 | $18,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,008 |
| Interest | $7,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,807 |
| Insurance | $0 |
| All other expenses | $74,805 |
| Total functional expenses | $1,519,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,967 |
| Savings and temporary cash investments | $847,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,261 |
| 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 | $153,124 |
| Net Land, buildings, and equipment | $16,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,493,532 |
| Accounts payable and accrued expenses | $135,823 |
| Grants payable | $0 |
| Deferred revenue | $629,501 |
| 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 | $243,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,008,967 |
| Net assets without donor restrictions | $484,565 |
| Net assets with donor restrictions | $0 |
| 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 | $1,493,532 |