Associated Builders And Contractors Inc
- Assets
- $1.5m
- Revenue
- $628.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Plainville, CT
- Founding
- 12/1964
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Associated Builders And Contractors Inc generated $628.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $604.0k during the year ending 12/2021. 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
2021
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 | $132,659 |
Eugene Torone Secretary | OfficerTrustee | 1 | $0 |
Bryan Addy Director | OfficerTrustee | 1 | $0 |
James Miller Treasurer | OfficerTrustee | 1 | $0 |
Victor Serrambana Jr Vice Chairman | OfficerTrustee | 1 | $0 |
David Dedman Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $526,749 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $526,749 |
| Total Program Service Revenue | $26,029 |
| Investment income | $5,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,881 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,519 |
| 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. | $132,659 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,242 |
| Pension plan accruals and contributions | $11,707 |
| Other employee benefits | $34,340 |
| Payroll taxes | $24,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,799 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $40,631 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,701 |
| Office expenses | $5,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,224 |
| 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 | $8,834 |
| Insurance | $10,061 |
| All other expenses | $39,588 |
| Total functional expenses | $603,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,191 |
| Savings and temporary cash investments | $557,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,288 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $168,675 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,759 |
| Net Land, buildings, and equipment | $28,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,527,948 |
| Accounts payable and accrued expenses | $57,767 |
| Grants payable | $0 |
| Deferred revenue | $478,372 |
| 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 | $536,139 |
| Net assets without donor restrictions | $795,190 |
| Net assets with donor restrictions | $196,619 |
| 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 | $1,527,948 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Builders And Contractors Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Trimmer Construction Education Foundation Washington, DC PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $16,578 |
| Net Contributions | $10,447 |
| Other Expense | $16,578 |
| Ending Balance | $10,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |