Associated Builders & Contractors Inc
- Assets
- $3.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Grand Rapids, MI
- Founding
- 12/1964
- Data as of
- 12/2023
- 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 12/2023, Associated Builders & Contractors Inc employed 29 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 $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 7.5% 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
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 425.
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 |
|---|---|---|---|
Greg George President-Ceo | Officer | 40 | $148,304 |
Jennifer Schottke President - Wmci | Officer | 40 | $145,723 |
Nick Nykerk Chair | OfficerTrustee | 1 | $0 |
Tim Koster Treasurer | OfficerTrustee | 1 | $0 |
Ben Hammond Secretary | OfficerTrustee | 1 | $0 |
Jenny Waugh Chair Elect | 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 | $2,239,253 |
| Investment income | $3,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $199,107 |
| 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 | $2,682,128 |
| 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. | $329,384 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,920 |
| Pension plan accruals and contributions | $39,143 |
| Other employee benefits | $64,177 |
| Payroll taxes | $63,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,815 |
| Fees for services: Accounting | $31,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,648 |
| Advertising and promotion | $12,307 |
| Office expenses | $102,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,395 |
| Interest | $0 |
| Payments to affiliates | $483,717 |
| Depreciation, depletion, and amortization | $4,258 |
| Insurance | $0 |
| All other expenses | $200,630 |
| Total functional expenses | $3,011,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212,371 |
| Savings and temporary cash investments | $303,253 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,234 |
| 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 | $178,402 |
| Net Land, buildings, and equipment | $12,418 |
| Investments—publicly traded securities | $915,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $387,628 |
| Total assets | $3,042,898 |
| Accounts payable and accrued expenses | $49,889 |
| Grants payable | $0 |
| Deferred revenue | $1,217,439 |
| 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 | $397,461 |
| Total liabilities | $1,664,789 |
| Net assets without donor restrictions | $1,378,109 |
| 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 | $3,042,898 |