Associated Builders And Contractors Inc
- Assets
- $1.6m
- Revenue
- $724.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Plainville, CT
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 06-0951733
Organization Overview
Associated Builders And Contractors Inc is located in Plainville, CT. 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 12/2022, Associated Builders And Contractors Inc employed 6 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 12/2022, Associated Builders And Contractors Inc generated $724.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $660.6k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 6 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
MEETING, EDUCATION, AND INDUSTRY REGULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETING, SEMINARS & TRADE SHOWS CONSIST OF GENERAL MEETINGS OPEN TO ALL MEMEBERS TO KEEP ABREAST OF CURRENT ISSUES WITHIN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Fryxell President | OfficerTrustee | 40 | $150,989 |
Eugene Torone Secretary | OfficerTrustee | 1 | $0 |
Jim Culkin Director | Trustee | 0 | $0 |
James Miller Treasurer | OfficerTrustee | 1 | $0 |
Patrick Haynes Director | Trustee | 1 | $0 |
Bryan Addy Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $519,937 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,235 |
| 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 | $598,172 |
| Total Program Service Revenue | $51,485 |
| Investment income | $4,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $724,087 |
| 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. | $150,989 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,331 |
| Pension plan accruals and contributions | $13,214 |
| Other employee benefits | $31,762 |
| Payroll taxes | $26,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $39,659 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,441 |
| Office expenses | $9,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,958 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,005 |
| Insurance | $10,639 |
| All other expenses | $49,586 |
| Total functional expenses | $660,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,846 |
| Savings and temporary cash investments | $557,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $154,575 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,957 |
| Net Land, buildings, and equipment | $19,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,595,782 |
| Accounts payable and accrued expenses | $82,317 |
| Grants payable | $0 |
| Deferred revenue | $458,199 |
| 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 | $540,516 |
| Net assets without donor restrictions | $835,267 |
| Net assets with donor restrictions | $219,999 |
| 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 | $1,595,782 |