Associated Builders & Contractors Of Iowa
- Assets
- $4.5m
- Revenue
- $2.3m
- Investments
- $868.2k
- Employees
- 12
- Location
- Grimes, IA
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 42-1029016
Organization Overview
Associated Builders & Contractors Of Iowa is located in Grimes, IA. 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 Iowa employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders & Contractors Of Iowa 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 Iowa generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 2.9% 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
CONSTRUCTION EDUCATION TRAINING AND SAFETY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONSTRUCTION EDUCATION CLASSES FOR EMPLOYEES OF MEMBER ORGANIZATIONS. PROVIDE SAFETY TRAINING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Spenner President & CEO | Officer | 50 | $225,972 |
Virginnia Shindelar Vice President | Officer | 50 | $160,080 |
Kent Meyn Immediate Past Chairman | Officer | 2 | $0 |
Mike Mccoy Treasurer | Officer | 2 | $0 |
Loren Field Chairman | Officer | 2 | $0 |
Jim Ellis Vice Chairman | Officer | 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 | $2,303,330 |
| Investment income | $28,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,333,873 |
| 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. | $451,012 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,569 |
| Pension plan accruals and contributions | $29,088 |
| Other employee benefits | $91,663 |
| Payroll taxes | $66,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,211 |
| Fees for services: Accounting | $8,554 |
| Fees for services: Lobbying | $623 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,375 |
| Fees for services: Other | $39,675 |
| Advertising and promotion | $3,935 |
| Office expenses | $50,799 |
| Information technology | $47,810 |
| Royalties | $0 |
| Occupancy | $81,069 |
| Travel | $48,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,967 |
| Interest | $0 |
| Payments to affiliates | $280,703 |
| Depreciation, depletion, and amortization | $50,256 |
| Insurance | $33,915 |
| All other expenses | $17,723 |
| Total functional expenses | $2,082,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,903,520 |
| Savings and temporary cash investments | $232,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,132 |
| 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 | $207,205 |
| Net Land, buildings, and equipment | $177,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $868,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,493,263 |
| Accounts payable and accrued expenses | $57,781 |
| Grants payable | $0 |
| Deferred revenue | $1,244,739 |
| 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 | $1,302,520 |
| Net assets without donor restrictions | $3,190,743 |
| 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 | $4,493,263 |
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|---|---|---|
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