Southern Tier Contractors Association Inc
- Assets
- $2.5m
- Revenue
- $453.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- Data as of
- 12/2021
- EIN
- 20-5156581
Organization Overview
Southern Tier Contractors Association Inc is located in Binghamton, NY. Southern Tier 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 12/2021, Southern Tier Contractors Association Inc generated $453.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $169.6k during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 6 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
THE ASSOCIATION'S MISSION IS TO REPRESENT ITS MEMBERS IN THE NEGOTIATION OF COLLECTIVE BARGAINING AGREEMENTS WITH REPRESENTATIVES OF LABOR ORGANIZATIONS PROVIDING FOR TERMS AND CONDITIONS OF EMPLOYMENT AND ADMINISTRATION OR GRIEVANCES. IT COORDINATES ALL LABOR RELATION ACTIVITIES ON BEHALF OF ITS MEMBERS AND IT ADVISES ITS MEMBERS RESPECTING LABOR MANAGEMENT PROBLEMS. THE ASSOCIATION PROVIDE PROCEDURES FOR THE ADMINISTRAITON AND SETTLEMENT OF DISPUTES AND GRIEVANCES ARISING OUT OF COLLECTIVE BARGAINING AGREEMENTS, EITHER BY CONCILIATION, MEDIATION, OR ARBITRATION OR OTHER LAWFUL MEANS. IT ESTABLISHES, MAINTAINS, FINANCES, OR PARTICIPATES IN SAFETY PROGRAMS, AND IN SO DOING, FULFILLS THE EMPLOYERS' RESPONSIBILITIES TO THE INDUSTRY IN THESE AREAS. THE ASSOCIATION FOSTERS, ENCOURAGES, AND PROMOTES A SPIRIT OF FRIENDLY COOPERATION AMONG ITS MEMBERS AND SOUND, HARMONIOUS, EQUITABLE RELATIONS BETWEEN ITS MEMBERS, LABOR AND THE GENERAL PUBLIC. IT DOES ANY AND ALL OTHER ACTS AND THINGS NECESSA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WAS FORMED TO REPRESENT ITS MEMBERS IN THE NEGOTIATION OF COLLECTIVE BARGAINING AGREEMENTS WITH REPRESENTATIVES OF LABOR ORGANIZATIONS PROVIDING FOR TERMS AND CONDITIONS OF EMPLOYMENT AND ADMINISTRATION OF GRIEVANCES; TO COORDINATE ALL LABOR RELATIONS ACTIVITES ON BEHALF OF ITS MEMBERS AND ADVISE ITS MEMBERS RESPECTING LABOR MANAGEMENT PROBLEMS; TO PROVIDE PROCEDURES FOR THE ADMINISTRATION AND SETTLEMENT OF DISPUTES AND GRIEVANCES RISING OUT OF COLLECTIVE BARGAINING AGREEMENTS, EITHER BY CONCILIATION, MEDIATION, ARBITRATION, OR OTHER LAWFUL MEANS; TO ESTABLISH, MAINTAIN, FINANCE, OR PARTICIPATE IN SAFETY PROGRAMS AND IN SO DOING FULFUILLING THE EMPLOYERS' RESPONSIBILITIES TO THE INDUSTRY IN THESE AREAS; AND TO DO ANY OTHER LAWFUL AND PROPER ACTS NECESSARY TO EFFECTIVELY SERVE THE INTEREST OF EMPLOYERS ENGAGED IN THE CONSTRUCTION INDUSTRY WITHOUT PECUNIARY PROFIT TO THE ASSOCIATION OR ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Dewey President | OfficerTrustee | 5 | $0 |
Brett Sherman Vice Preside | OfficerTrustee | 5 | $0 |
Frank Jones Jr Treasurer | OfficerTrustee | 5 | $0 |
Tim Duffek Secretary | OfficerTrustee | 5 | $0 |
Bradley Walters Executive Di | Officer | 20 | $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 | $259,025 |
| Investment income | $45,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,085 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,569 |
| Fees for services: Legal | $28 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,570 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,247 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,844 |
| Travel | $24,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $175 |
| All other expenses | $1,808 |
| Total functional expenses | $169,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,821 |
| Savings and temporary cash investments | $96,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,760 |
| 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 | $29,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,994,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,484,998 |
| Accounts payable and accrued expenses | $487 |
| Grants payable | $0 |
| Deferred revenue | $5,703 |
| 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 | $6,190 |
| Net assets without donor restrictions | $2,478,808 |
| 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 | $2,484,998 |
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