Eastern Contractors Association Inc
- Assets
- $4.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Albany, NY
- Founding
- 03/1960
- Data as of
- 12/2023
- EIN
- 14-1438951
Organization Overview
Eastern Contractors Association Inc is located in Albany, NY. The organization was established in 1960. 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, Eastern Contractors Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Contractors Association 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, Eastern Contractors Association Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
TO PROMOTE THE INTERESTS OF THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING AND REPRESENTING CONTRACTORS INVOLVED IN LABOR NEGOTIATIONS
BULLETINS & DIRECTORY, SCHOLARSHIP, SAFETY PROGRAMS, SPECIAL EVENTS, PUBLIC RELATIONS, AND UNDERWRITING.
PROVIDE ELECTRONIC PLAN ROOM.
UPSTATE MASONRY INSTITUTE ADMINISTRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Elacqua Treasurer | OfficerTrustee | 0.75 | $0 |
Tom Carney Immediate Past Chairman | OfficerTrustee | 0.75 | $0 |
Peter Maloy Until 623 Board Member | Trustee | 0 | $0 |
Michael Lucey Jr Board Member | Trustee | 0 | $0 |
Lew Houghtaling Chairman | OfficerTrustee | 0.75 | $0 |
Jim Dawsey Vice Chairman | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,203,514 |
| 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 | $1,203,514 |
| Total Program Service Revenue | $25,462 |
| Investment income | $44,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,086 |
| Net Gain/Loss on Asset Sales | -$4,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,718,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,142 |
| Compensation of current officers, directors, key employees. | $39,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,314 |
| Pension plan accruals and contributions | $44,332 |
| Other employee benefits | $19,770 |
| Payroll taxes | $45,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,710 |
| Fees for services: Accounting | $49,776 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,464 |
| Fees for services: Other | $14,334 |
| Advertising and promotion | $0 |
| Office expenses | $45,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,605 |
| Travel | $18,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,243 |
| Interest | $13,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,580 |
| Insurance | $21,250 |
| All other expenses | $89,435 |
| Total functional expenses | $1,472,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,331 |
| Savings and temporary cash investments | $409,924 |
| 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 | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,716,917 |
| Investments—publicly traded securities | $1,439,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,850 |
| Total assets | $4,008,635 |
| Accounts payable and accrued expenses | $5,658 |
| Grants payable | $0 |
| Deferred revenue | $83,742 |
| 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 | $450,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $539,400 |
| Net assets without donor restrictions | $3,469,235 |
| 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 | $4,008,635 |