Associated Builders And Contractors Inc

Organization Overview

Associated Builders And Contractors Inc is located in Eden Prairie, MN. The organization was established in 1964. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Associated Builders And Contractors Inc employed 7 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 $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE COMPETITION AND FREE ENTERPRISE IN THE CONTRACTOR INDUSTRY IN MINNESOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GOVERNMENT AFFAIRS: PROMOTE INTEREST OF MERIT SHOP CONTRACTORS AT ALL LEVELS OF THE GOVERNMENT.


BUSINESS DEVELOPMENT: CREATE OPPORTUNITIES TO GROW BUSINESS NETWORKS.


EDUCATION AND TRAINING: PROVIDE PROGRAM INFORMATION AND INSTRUCTION IN KEY AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Adam Hanson
President
$126,000
Robert Jodsaas
Chair
$0
Jim Harmon
Chair-Elect
$0
Chris Rice
Vice Chair
$0
Tim Smith
Treasurer/secretary
$0
Nancy Samson
Past Chair
$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$1,122,917
Investment income $26,521
Tax Exempt Bond Proceeds $0
Royalties $12,805
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 $1,167,835

Peer Organizations

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International Association Of Sheet Metal Air Rail & Transportation
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International Association Of Sheet Metal Air Rail & Transportation
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$9,366,824
International Union Of Painters And Allied Trades
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Economics Laboratory Foundation Ecolab Foundation
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$21,545,775
Pipe Trades Health Care Services Inc
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$7,952,195
International Brotherhood Of Teamsters
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$6,299,692
American Federation Of State County & Municipal Employees
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$7,892,813
Laborers International Union Of North America
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$5,871,701
International Brotherhood Of Electrical Workers
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$7,003,257
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe
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$7,768,990
International Association Of Bridge Iron Workers Local No 512
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