Associated Builders & Contractors Inc
- Assets
- $1.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Broadview Heights, OH
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 23-7361434
Organization Overview
Associated Builders & Contractors Inc is located in Broadview Heights, OH. The organization was established in 1964. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Associated Builders & Contractors Inc employed 28 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders & 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 12/2023, Associated Builders & Contractors Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FOR THE CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING: INFORMING MEMBERS ON CURRENT AND RELEVANT TRADE ISSUES IN RELATION TO THE INDUSTRY AS A WHOLE AND PROVIDE TRAINING AND EDUCATION FOR THE INDIVIDUAL TRADE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Berardi Board Member | Trustee | 1 | $0 |
David Conwill Treasurer | OfficerTrustee | 1 | $0 |
Zoltan Kovacs Board Member | Trustee | 1 | $0 |
Dan Glavin Vice Chair | OfficerTrustee | 1 | $0 |
Rob Reese Board Member | Trustee | 1 | $0 |
Nick Nykulak Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $581,236 |
| 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 | $581,236 |
| Total Program Service Revenue | $931,535 |
| Investment income | $5,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,601,733 |
| 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. | $219,044 |
| Compensation of current officers, directors, key employees. | $219,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,468 |
| Pension plan accruals and contributions | $35,856 |
| Other employee benefits | $95,725 |
| Payroll taxes | $47,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,000 |
| Fees for services: Accounting | $27,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,576 |
| Advertising and promotion | $3,930 |
| Office expenses | $50,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,680 |
| Travel | $38,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,151 |
| Insurance | $10,517 |
| All other expenses | $33,425 |
| Total functional expenses | $1,568,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,425 |
| 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 | $100,934 |
| Net Land, buildings, and equipment | $612,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,608 |
| Total assets | $1,664,809 |
| Accounts payable and accrued expenses | $13,565 |
| Grants payable | $0 |
| Deferred revenue | $755,167 |
| 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 | $10,608 |
| Total liabilities | $779,340 |
| Net assets without donor restrictions | $840,069 |
| Net assets with donor restrictions | $45,400 |
| 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 | $1,664,809 |
Grants Awarded
Over the last fiscal year, Associated Builders & Contractors Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREE ENTERPRISE ALLIANCE - ASSOCIATED BUILDERS & CONTRACTORS INC PURPOSE: ISSUE ADVOCACY | $15,000 |
SECURING OHIO'S FUTURE INC PURPOSE: ISSUE ADVOCACY | $20,000 |