Associated Builders And Contractors Inc
- Assets
- $5.6m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Dallas, TX
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 32-0274111
Organization Overview
Associated Builders And Contractors Inc is located in Dallas, TX. The organization was established in 1964. 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 12/2022, Associated Builders And Contractors Inc employed 19 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders And 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 12/2022, Associated Builders And Contractors Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE MEMBER VALUE AND LOYALTY BY LEADING THROUGH INNOVATIVE PROGRAMS, QUALITY SERVICES, AND STRATEGIC ALLIANCES WHILE PROTECTING A MERIT SHOP ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - TEXO OFFERS INNOVATIVE PROGRAMS AND INFORMATION, QUALITY SERVICES AND COLLABORATIVE OPPORTUNITIES FOR ITS MEMBERS. MEMBERS OF TEXO ARE ALSO MEMBERS OF THE NATIONAL AND STATE AGC AND ABC ORGANIZATIONS.
ADVOCACY FUND AND GOVERNMENTAL AFFAIRS
EDUCATION - TEXO PROMOTES EDUCATION OF THE INDUSTRY BY OFFERING TRAINING CLASSES, FORUMS, AND SUPPORTING FOUNDATIONS AND UNIVERSITIES THAT PROMOTE TEXO'S MISSION.
SAFETY - TEXO PROVIDES PRE-CONSTRUCTION SAFETY PLANNING SERVICES, ENVIRONMENTAL SERVICES, CUSTOMIZED SAFETY PROGRAMS, SAFETY EDUCATION AND OSHA CONSULTATION AND REPRESENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meloni Raney President/ceo | Officer | 32 | $245,380 |
Jack Baxley VP Of Governmental Affairs | Officer | 40 | $198,859 |
Todd Holtz VP Of Operations | 39 | $149,534 | |
Ashlyn Smith VP Of Member Programs & Svcs | 38 | $120,230 | |
Jason Weeks Chair | OfficerTrustee | 2 | $0 |
Kevin Carey Incoming Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,228 |
| 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 | $180,228 |
| Total Program Service Revenue | $4,690,279 |
| Investment income | $61,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,348 |
| Net Rental Income | $4,400 |
| Net Gain/Loss on Asset Sales | $21,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,000,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,265 |
| 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. | $480,775 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,611 |
| Pension plan accruals and contributions | $58,049 |
| Other employee benefits | $69,027 |
| Payroll taxes | $100,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $122,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,048 |
| Fees for services: Other | $19,075 |
| Advertising and promotion | $23,318 |
| Office expenses | $267,555 |
| Information technology | $154,689 |
| Royalties | $0 |
| Occupancy | $175,490 |
| Travel | $95,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,774 |
| Interest | $0 |
| Payments to affiliates | $880,766 |
| Depreciation, depletion, and amortization | $151,710 |
| Insurance | $86,794 |
| All other expenses | $12,266 |
| Total functional expenses | $5,041,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,827 |
| Savings and temporary cash investments | $330,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,856 |
| 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 | $124,581 |
| Net Land, buildings, and equipment | $1,932,116 |
| Investments—publicly traded securities | $1,452,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,496 |
| Total assets | $5,616,114 |
| Accounts payable and accrued expenses | $191,407 |
| Grants payable | $0 |
| Deferred revenue | $1,757,736 |
| 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 | $37,857 |
| Total liabilities | $1,987,000 |
| Net assets without donor restrictions | $3,332,371 |
| Net assets with donor restrictions | $296,743 |
| 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 | $5,616,114 |
Grants Awarded
Over the last fiscal year, Associated Builders And Contractors Inc has awarded $80,352 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONSTRUCTION EDUCATION FOUNDATION PURPOSE: TO SUPPORT EDUCATION | $25,352 |
TEXO FOUNDATION PURPOSE: challenge cup sponsorship | $55,000 |