Associated Builders & Contractors Of Iowa
- Assets
- $4.9m
- Revenue
- $2.4m
- Investments
- $811.0k
- Employees
- 12
- Location
- Grimes, IA
- Founding
- 12/1964
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Associated Builders & Contractors Of Iowa generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 2.4% 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
2022
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 |
|---|---|---|---|
Rusty Rohe Director | Trustee | 2 | $0 |
Cody Benge Director | Trustee | 2 | $0 |
Roger Cannoy Director | Trustee | 2 | $0 |
Shane Kline Director | Trustee | 2 | $0 |
John Baker Director | Trustee | 2 | $0 |
Curtis Pike Director | 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 | $2,383,822 |
| Investment income | $34,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,392,209 |
| 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. | $447,604 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,095 |
| Pension plan accruals and contributions | $25,744 |
| Other employee benefits | $118,732 |
| Payroll taxes | $68,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,472 |
| Fees for services: Accounting | $9,290 |
| Fees for services: Lobbying | $10,333 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,397 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,223 |
| Office expenses | $79,191 |
| Information technology | $46,306 |
| Royalties | $0 |
| Occupancy | $82,206 |
| Travel | $50,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,947 |
| Interest | $0 |
| Payments to affiliates | $262,358 |
| Depreciation, depletion, and amortization | $52,036 |
| Insurance | $37,991 |
| All other expenses | $14,769 |
| Total functional expenses | $2,246,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,340,046 |
| Savings and temporary cash investments | $233,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,199 |
| 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 | $261,971 |
| Net Land, buildings, and equipment | $125,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $811,007 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,861,787 |
| Accounts payable and accrued expenses | $45,711 |
| Grants payable | $0 |
| Deferred revenue | $1,520,981 |
| 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 | $1,566,692 |
| Net assets without donor restrictions | $3,295,095 |
| 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 | $4,861,787 |