General Contractors Association Of N Y Inc
- Assets
- $7.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 09/1944
- Data as of
- 12/2023
- EIN
- 13-0762390
Organization Overview
General Contractors Association Of N Y Inc is located in New York, NY. The organization was established in 1944. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, General Contractors Association Of N Y Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Contractors Association Of N Y 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 12/2023, General Contractors Association Of N Y Inc generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ASSIST IN CURRENT ISSUES, REPRESENT MEMBER CAUSES & HANDLE UNION CONTRACT NEGOTIATIONS FOR MEMBER GENERAL CONTRACTORS IN THE NEW YORK METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST IN CURRENT ISSUES, REPRESENT MEMBER CAUSES & HANDLE UNION CONTRACT NEGOTIATIONS FOR MEMBER GENERAL CONTRACTORS IN THE NEW YORK METROPLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Ottesen President | OfficerTrustee | 1 | $0 |
Leon Jacobs First Vice President | OfficerTrustee | 1 | $0 |
Rolando Acosta Second Vice President | OfficerTrustee | 1 | $0 |
Kenneth Durkin Treasurer | OfficerTrustee | 1 | $0 |
Christopher Adams Director | Trustee | 1 | $0 |
Joseph Ascolese Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcelroy Deutsch Mulvaney & Carpenter Legal | 12/30/16 | $110,598 |
Fti Consulting Inc Consulting Services | 12/30/16 | $782,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $278,425 |
| 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 | $278,425 |
| Total Program Service Revenue | $0 |
| Investment income | $89,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,725 |
| Net Income from Fundraising Events | -$16,933 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,091,627 |
| 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. | $569,464 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $901,699 |
| Pension plan accruals and contributions | $41,919 |
| Other employee benefits | $100,913 |
| Payroll taxes | $87,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,622 |
| Fees for services: Accounting | $146,958 |
| Fees for services: Lobbying | $92,362 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,524 |
| Advertising and promotion | $106,447 |
| Office expenses | $170,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $460,901 |
| Travel | $53,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,938 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,721 |
| Insurance | $56,861 |
| All other expenses | $6,049 |
| Total functional expenses | $3,914,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,981 |
| Savings and temporary cash investments | $13,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,716 |
| 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 | $231,051 |
| Net Land, buildings, and equipment | $92,059 |
| Investments—publicly traded securities | $4,636,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,032,583 |
| Total assets | $7,631,899 |
| Accounts payable and accrued expenses | $161,150 |
| 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 | $6,101,211 |
| Total liabilities | $6,262,361 |
| Net assets without donor restrictions | $1,369,538 |
| 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 | $7,631,899 |