Cement League Advancement & Promotion Fund
- Assets
- $11.3m
- Revenue
- $2.8m
- Investments
- $10.0m
- Employees
- 3
- Location
- New York, NY
- Founding
- 02/1982
- Data as of
- 06/2022
- EIN
- 13-3096060
Organization Overview
Cement League Advancement & Promotion Fund is located in New York, NY. The organization was established in 1982. 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, Cement League Advancement & Promotion Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement League Advancement & Promotion 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 06/2022, Cement League Advancement & Promotion Fund generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
PROMOTING THE USE AND ADVANCEMENT OF THE CONCRETE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE USE AND ADVANCEMENT OF THE CONCRETE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Salgo Director | OfficerTrustee | 30 | $455,000 |
Kevin O'brien Director | OfficerTrustee | 30 | $198,500 |
Henry Yagual Office Manager | 30 | $100,459 | |
Joseph Mitrione Trustee ( Refer To Schedule O) | Trustee | 4 | $0 |
Thomas Costigan Trustee | Trustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,483,468 |
| Investment income | $1,162,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,775,844 |
| 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. | $668,750 |
| Compensation of current officers, directors, key employees. | $334,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,459 |
| Pension plan accruals and contributions | $22,552 |
| Other employee benefits | $0 |
| Payroll taxes | $36,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,976 |
| Fees for services: Accounting | $11,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,540 |
| Advertising and promotion | $30,700 |
| Office expenses | $5,873 |
| Information technology | $487 |
| Royalties | $0 |
| Occupancy | $91,938 |
| Travel | $1,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,348 |
| Insurance | $14,751 |
| All other expenses | -$25,000 |
| Total functional expenses | $1,121,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,357 |
| Savings and temporary cash investments | $830,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $363,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,983,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,681 |
| Total assets | $11,326,548 |
| Accounts payable and accrued expenses | $49,566 |
| 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 | $12,500 |
| Total liabilities | $62,066 |
| Net assets without donor restrictions | $11,264,482 |
| 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 | $11,326,548 |
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