Kentucky Association Of Master Contractors Inc is located in Frankfort, KY. The organization was established in 1949. 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 12/2021, Kentucky Association Of Master Contractors Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Association Of Master Contractors 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, Kentucky Association Of Master Contractors Inc generated $386.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $424.4k during the year ending 12/2021. 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 PROMOTE THE PLUMBING AND HEATING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENT THE INTERESTS OF THE MEMBERS WITH ALL LEVELS OF GOVERNMENT.
EDUCATIONAL & TRAINING PROGRAMS FOR MEMBERS AND EMPLOYEES.
EDUCATE MEMBERS ABOUT CURRENT ISSUES THAT AFFECT THEIR BUSINESSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Lynn Faulkner Executive Di | Officer | 40 | $83,248 |
Brian Tharpe Secretary/tr | Officer | 1 | $0 |
Randy Vanhook Vice Preside | Officer | 1 | $0 |
Stephen Strong Member At La | Officer | 1 | $0 |
Jerry Price President | Officer | 1 | $0 |
Brian Caudill Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,100 |
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 | $10,100 |
Total Program Service Revenue | $298,188 |
Investment income | $11,984 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,349 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $386,321 |
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. | $83,248 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $41,441 |
Pension plan accruals and contributions | $9,490 |
Other employee benefits | $1,989 |
Payroll taxes | $9,819 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,753 |
Fees for services: Accounting | $10,111 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $43,906 |
Advertising and promotion | $13,789 |
Office expenses | $57,222 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,911 |
Travel | $3,471 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $87,622 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,104 |
Insurance | $11,461 |
All other expenses | $1,640 |
Total functional expenses | $424,358 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $48,417 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $16,711 |
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 | $700 |
Net Land, buildings, and equipment | $450,653 |
Investments—publicly traded securities | $82,868 |
Investments—other securities | $110,195 |
Investments—program-related | $0 |
Intangible assets | $2,134 |
Other assets | $0 |
Total assets | $711,678 |
Accounts payable and accrued expenses | $5,354 |
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 | $314,629 |
Total liabilities | $319,983 |
Net assets without donor restrictions | $391,695 |
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 | $711,678 |
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