Quad-City Construction Industry Advancement Trust
- Assets
- $779.7k
- Revenue
- $335.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Rock Island, IL
- Founding
- 07/1968
- Data as of
- 12/2023
- EIN
- 36-2652144
Organization Overview
Quad-City Construction Industry Advancement Trust is located in Rock Island, IL. The organization was established in 1968. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad-City Construction Industry Advancement Trust 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, Quad-City Construction Industry Advancement Trust generated $335.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $237.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 5 years. 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
PROMOTING, IMPROVING AND ADVANCING THE CONSTRUCTION INDUSTRY IN THE QUAD- CITY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING, IMPROVING AND ADVANCING THE CONSTRUCTION INDUSTRY IN THE QUAD- CITY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pj Foley CEO | Officer | 40 | $110,000 |
Scott Fournier Trustee | OfficerTrustee | 1 | $0 |
Jim Hayne Trustee | OfficerTrustee | 1 | $0 |
Kent Pilcher Trustee | OfficerTrustee | 1 | $0 |
Brad Treiber Trustee | Trustee | 1 | $0 |
Dan Ward Trustee | OfficerTrustee | 1 | $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 | $318,298 |
| Investment income | $14,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,327 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $22,000 |
| Other employee benefits | $0 |
| Payroll taxes | $17,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,779 |
| Fees for services: Accounting | $17,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,298 |
| Travel | $24,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,054 |
| Insurance | $3,721 |
| All other expenses | $10 |
| Total functional expenses | $237,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,085 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $151,355 |
| Investments—publicly traded securities | $570,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,734 |
| Accounts payable and accrued expenses | $0 |
| 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 | $560 |
| Other liabilities | $0 |
| Total liabilities | $560 |
| Net assets without donor restrictions | $0 |
| 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 | $779,174 |
| Total liabilities and net assets/fund balances | $779,734 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Advancement Program Of Central Indiana Inc Indianapolis, IN | $2,964,381 | $938,450 |
Institute For Responsible Technology Fairfield, IA | $341,367 | $0 |
Northern Illinois Bldg Contractors Construction Ind Advancement Fund Rockford, IL | $1,382,912 | $545,546 |
Chicago Council On Science Andtechnology Chicago, IL | $69,364 | $372,631 |
Will Grundy Construction Industry Advancement Trust Joliet, IL | $904,158 | $578,578 |
Quad-City Construction Industry Advancement Trust Rock Island, IL | $779,734 | $335,327 |
Blockchain Institute Chicago, IL | $0 | $0 |
North American Plant Phenotyping Network Saint Louis, MO | $223,340 | $173,038 |
Missouri Construction Industry Advancement Fund Jefferson City, MO | $0 | $0 |
Inspire Foundation Bolingbrook, IL | $0 | $0 |