Associated Builders & Contractors Inc
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Grand Rapids, MI
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 38-6087670
Organization Overview
Associated Builders & Contractors Inc is located in Grand Rapids, MI. The organization was established in 1964. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Associated Builders & Contractors Inc employed 7 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 12/2021, Associated Builders & Contractors Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 8.7% 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
TO ENCOURAGE, DEVELOP AND PROTECT THE BUILDING AND CONSTRUCTION INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCELLENCE IN CONSTRUCTION AWARDS PROGRAM: TO PROMOTE AND RECOGNIZE QUALITY CONSTRUCTION. THE NUMBER OF PERSONS BENEFITED WAS 475.
MEMBERSHIP ACTIVITIES: TO PROMOTE BUSINESS RELATIONSHIPS AMONG MEMBERS THROUGH MEMBERSHIP MEETINGS, LEADERSHIP DEVELOPMENT AND MIOSHA MEETINGS. THE NUMBER OF PERSONS BENEFITED WAS APPROXIMATELY 2,550.
MERIT SHOP ACTION FUND - PROVIDES THE MEMBERSHIP WITH SUPPORT FOR LEGAL EXPENSES AND PROMOTES THE BUSINESS OF THE ASSOCIATION AND ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Schottke Vice President | Officer | 40 | $123,281 |
Norm Brady President-Ceo | Officer | 40 | $120,140 |
Brian Potter Chair-Elect | OfficerTrustee | 1 | $0 |
Steve Longstreet Chairman | OfficerTrustee | 1 | $0 |
Tim Koster Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Cj Mackenzie Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Associated Builders And Contractors Membership Dues For Education And Legal | 12/30/18 | $294,546 |
Associated Builders And Contractors Of M Membership Dues For Education And Legal | 12/30/18 | $140,955 |
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 | $1,701,286 |
| Investment income | $311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $182,457 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,026,181 |
| 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. | $272,577 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,588 |
| Pension plan accruals and contributions | $13,267 |
| Other employee benefits | $41,731 |
| Payroll taxes | $30,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,366 |
| Fees for services: Accounting | $31,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,153 |
| Advertising and promotion | $7,430 |
| Office expenses | $55,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,619 |
| Travel | $7,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,407 |
| Interest | $0 |
| Payments to affiliates | $426,780 |
| Depreciation, depletion, and amortization | $3,818 |
| Insurance | $0 |
| All other expenses | $178,374 |
| Total functional expenses | $2,800,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,092 |
| Savings and temporary cash investments | $604,858 |
| 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 | $257,113 |
| Net Land, buildings, and equipment | $22,504 |
| Investments—publicly traded securities | $945,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,680,866 |
| Accounts payable and accrued expenses | $213,927 |
| Grants payable | $0 |
| Deferred revenue | $859,406 |
| 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 | $0 |
| Total liabilities | $1,073,333 |
| Net assets without donor restrictions | $1,607,533 |
| 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 | $2,680,866 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Builders & Contractors Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Associated Builders & Contractors Of Southeastern Michigan Inc Madison Heights, MI PURPOSE: TO SUPPORT CONSTRUCTION FOR EDUCATIONAL ACTIVITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Supporting Families Together Association Inc Madison, WI | $1,243,761 | $19,699,760 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Northern Indiana Workforce Board Inc South Bend, IN | $1,518,783 | $6,187,359 |
Goodwill Manufacturing Inc Milwaukee, WI | $3,795,340 | $2,579,295 |
Tecumseh Area Partnership Inc Lafayette, IN | $657,901 | $5,842,061 |
Workforce Development Board Of South Central Wisconsin Madison, WI | $699,627 | $5,376,349 |
Goodtemps Inc Muskegon, MI | $1,471,204 | $5,593,631 |
Towards Employment Incorporated Cleveland, OH | $4,759,374 | $7,300,281 |
Northwest Michigan Works Inc Traverse City, MI | $1,858,413 | $4,805,836 |