Associated Builders & Contractors Inc
- Assets
- $1.2m
- Revenue
- $864.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Midland, MI
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 45-4465356
Organization Overview
Associated Builders & Contractors Inc is located in Midland, MI. 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 12/2023, Associated Builders & Contractors Inc employed 4 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 $864.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $846.9k during the year ending 12/2023. While expenses have increased by 2.0% 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 FOSTER AND PERPETUATE THE PRINCIPLES OF THE MERIT SHOP SYSTEM IN THE CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER MEETINGS & SEMINARS - PROVIDE A MEETING PLACE FOR THE FREE EXCHANGE OF IDEAS, VIEWS, TECHINQUES AND TO ENCOURAGE, DEVELOP AND PROTECT THE BUILDING AND CONSTRUCTION INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Murphy Treasurer | OfficerTrustee | 1 | $0 |
Joann Tanzini Vice Chairma | OfficerTrustee | 1 | $0 |
Jon Lynch Past Chair | OfficerTrustee | 1 | $0 |
Jason Johnson Secretary | OfficerTrustee | 1 | $0 |
Steve Russell Director | Trustee | 1 | $0 |
Kevin Wray Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,238 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,917 |
| Total Program Service Revenue | $782,200 |
| Investment income | $9,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,600 |
| Net Gain/Loss on Asset Sales | -$83,889 |
| Net Income from Fundraising Events | -$19,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $864,759 |
| 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. | $121,875 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,326 |
| Pension plan accruals and contributions | $5,094 |
| Other employee benefits | $39,745 |
| Payroll taxes | $22,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,351 |
| Office expenses | $4,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,095 |
| Travel | $20,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,154 |
| Interest | $7,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,679 |
| Insurance | $16,742 |
| All other expenses | $0 |
| Total functional expenses | $846,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,419 |
| Savings and temporary cash investments | $971,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,227 |
| 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 | $179,653 |
| Net Land, buildings, and equipment | $1,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,164,729 |
| Accounts payable and accrued expenses | $23,004 |
| Grants payable | $0 |
| Deferred revenue | $533,871 |
| 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 | $556,875 |
| Net assets without donor restrictions | $593,004 |
| Net assets with donor restrictions | $14,850 |
| 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 | $1,164,729 |