Associated Builders & Contractors Of Southeastern Michigan Inc
- Assets
- $1.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Madison Heights, MI
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 38-2400995
Organization Overview
Associated Builders & Contractors Of Southeastern Michigan Inc is located in Madison Heights, MI. 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 12/2021, Associated Builders & Contractors Of Southeastern Michigan Inc employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders & Contractors Of Southeastern Michigan 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, Associated Builders & Contractors Of Southeastern Michigan Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 31.3% per year over the past 7 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
IN BUILDING AMERICA, THE ASSOCIATED BUILDERS AND CONTRACTORS WILL CONTINUE TO BE A PROMINENT TRADE ASSOCIATION WHICH WILL CHAMPION FREE ENTERPRISE, AND WILL BE A LEADER FOR POSITIVE CHANGE IN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATED BUILDERS AND CONTRACTORS WILL PROVIDE SUPERIOR PROGRAMS AND SERVICES TO GIVE ITS MEMBERS A COMPETITIVE ADVANTAGE, TO ADD VALUE TO THE INDUSTRY'S CLIENTS, AND TO ENHANCE THE LIVES OF THE INDUSTRY'S EMPLOYEES. BENEFITS WILL INCLUDE, BUT ARE NOT LIMITED TO, WORKERS COMPENSATION INSURANCE, VEHICLE FLEET DISCOUNTS, MANAGEMENT EDUCATION, AND EMPLOYEE APPRENTICESHIP TRAINING. WE ALSO PROVIDE CONSTRUCTION TRADE SPECIFIC NETWORKING OPPORTUNITIES FOR WHICH ARE MEMBERS CAN LEARN FROM ONE ANOTHER AND GROW THEIR BUSINESSES.THE ORGANIZATION PARTNERS WITH THE CONSTRUCTION EDUCATION TRUST, D/B/A SEMCA, TO PROVIDE TRAINING TO BOTH MEMBERS AND NONMEMBERS OF THE ORGANIZATION AND IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Ledbetter President & CEO | Officer | 40 | $157,923 |
Mickey Mortimer COO | 40 | $117,678 | |
Drew Maltese Chairman | OfficerTrustee | 4 | $0 |
Bridget Kewin Treasurer | OfficerTrustee | 4 | $0 |
Eric Flessland Secretary | Trustee | 2 | $0 |
Frank Mamat Chapter Attorney | Trustee | 2 | $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 | $1,992,342 |
| Investment income | $318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $110,089 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,082,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,783 |
| Grants and other assistance to domestic individuals. | $43,880 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,413 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $577,560 |
| Pension plan accruals and contributions | $53,755 |
| Other employee benefits | $59,725 |
| Payroll taxes | $64,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,335 |
| Fees for services: Accounting | $11,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,059 |
| Office expenses | $60,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,333 |
| Travel | $35,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,861 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,405 |
| Insurance | $0 |
| All other expenses | $35,678 |
| Total functional expenses | $1,935,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,401 |
| Savings and temporary cash investments | $600,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,313 |
| 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 | $83,333 |
| Net Land, buildings, and equipment | $3,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,471,931 |
| Accounts payable and accrued expenses | $11,944 |
| Grants payable | $0 |
| Deferred revenue | $575,144 |
| 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 | $110,187 |
| Total liabilities | $697,275 |
| Net assets without donor restrictions | $774,656 |
| 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 | $1,471,931 |
Grants Awarded
Over the last fiscal year, Associated Builders & Contractors Of Southeastern Michigan Inc has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: TO SUPPORT CONSTRUCTION FOR EDUCATIONAL ACTIVITIES | $10,000 |
Lansing, MI PURPOSE: UNLOCK MICHIGAN PROJECT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Builders & Contractors Of Southeastern Michigan Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Associated Builders & Contractors Inc Washington, DC PURPOSE: GENERAL SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |