Heavy Construction Industry Promotional Fund
- Assets
- $4.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Melville, NY
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 11-2477226
Organization Overview
Heavy Construction Industry Promotional Fund is located in Melville, NY. The organization was established in 1979. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heavy Construction Industry Promotional Fund 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, Heavy Construction Industry Promotional Fund generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $634.5k during the year ending 12/2021. While expenses have increased by 6.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND INCREASE PUBLIC DEMAND SO AS TO MAINTAIN JOB OPPORTUNITIES AND CONTINUED BUSINESS ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RELATIONS-TO DEVELOP AND INCREASE PUBLIC DEMAND AS TO MAINTAIN JOB OPPORTUNITIES AND CONTINUED BUSINESS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Herbst Executive Director | Officer | 20 | $137,384 |
Sheryl Buro Deputy Executive Director/cfo | Officer | 30 | $66,502 |
James Pratt III Chairman | OfficerTrustee | 0.25 | $0 |
Paul Farino Secretary & Treasurer | OfficerTrustee | 0.25 | $0 |
James Haney III Director | Trustee | 0.25 | $0 |
Jason Golden Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,069,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,069,457 |
| Total Program Service Revenue | $0 |
| Investment income | $2,155 |
| 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 | $1,071,612 |
| 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. | $276,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,481 |
| Pension plan accruals and contributions | $23,519 |
| Other employee benefits | $20,982 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,348 |
| Fees for services: Accounting | $25,770 |
| Fees for services: Lobbying | $13,875 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,613 |
| Advertising and promotion | $0 |
| Office expenses | $36,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,067 |
| Travel | $4,199 |
| 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 | $0 |
| Insurance | $7,790 |
| All other expenses | $0 |
| Total functional expenses | $634,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,994 |
| Savings and temporary cash investments | $95,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,032 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,464,474 |
| Total assets | $4,649,755 |
| Accounts payable and accrued expenses | $32,291 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $32,291 |
| Net assets without donor restrictions | $4,617,464 |
| 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 | $4,649,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Fab Foundation Boston, MA | $3,602,930 | $3,603,989 |
Society Of Plastics Engineers Inc Danbury, CT | $7,877,326 | $3,851,885 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
International Union Of Operating Engineers-98 Southwick, MA | $1,494,223 | $1,781,462 |
Construction Industries Of Massachusetts Inc Norwood, MA | $1,576,063 | $1,804,804 |
Engineering Center Education Trust Boston, MA | $2,342,937 | $1,311,012 |
American Federation Of Labor And Congress Of Industrial Orgs Dorchester, MA | $985,622 | $961,996 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |