Construction Industry Center Inc
- Assets
- $373.3k
- Revenue
- $486.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Rapid City, SD
- Founding
- 11/1964
- Data as of
- 06/2023
- EIN
- 46-0242579
Organization Overview
Construction Industry Center Inc is located in Rapid City, SD. The organization was established in 1964. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2023, Construction Industry Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Construction Industry Center 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 06/2023, Construction Industry Center Inc generated $486.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $471.0k during the year ending 06/2023. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONSTRUCTION INDUSTRY CENTER, INC. IS A MEMBER-OWNED NOT-FOR-PROFIT CONSTRUCTION ASSOCIATION DEDICATED TO THE BETTERMENT OF THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CIC BRINGS ORGANIZATION AND COHESIVENESS TO THE CONSTRUCTION INDUSTRY BY PROVIDING A CENTRAL LOCATION FOR CONTRACTORS TO FIND OPPORTUNITIES TO BID PROJECTS. WE SAVE TIME AND EFFORT FOR ARCHITECTS, ENGINEERS, GOVERNMENT AGENCIES, ETC. BY PUBLICIZING THEIR PROJECTS TO A MUCH BROADER AUDIENCE. CIC PROVIDES A LIBRARY OF BLUEPRINTS (THAT ARE AVAILABLE TO CONTRACTORS TO BE COPIED) AND ACTS AS A CENTRAL LOCATION FOR PRIME CONTRACTORS, SUBCONTRACTORS, MATERIAL SUPPLIERS, ETC. TO CONNECT TO PROVIDE FOR OPTIMAL COMPETITIVE PRICING ON A GIVEN CONSTRUCTION PROJECT. THIS BENEFITS THE INDUSTRY AND THE PUBLIC BY CONSTRUCTING BETTER BUILDINGS FOR LESS MONEY.
CIC PROVIDES INFORMATION ON COMPETITIVE BIDDING OPPORTUNITIES. CIC RESEARCHES AND COMPILES INFORMATION ON BIDDING OPPORTUNITIES (PRIVATE, PUBLIC, GOVERNMENTAL) AND DISSEMINATES IT BACK OUT TO THE MEMBERSHIP THROUGH A WEEKLY PUBLICATION. THE WEEKLY BULLETIN IS ALSO USED TO NOTIFY THE INDUSTRY OF CLASSES, SEMINARS, TRAINING, ETC. THE SD DEPARTMENT OF REVENUE UTILIZES THE CIC WEEKLY BULLETIN TO MONITOR OUT-OF-STATE FIRMS RECEIVING CONSTRUCTION CONTRACTS WITHIN THE STATE SO THEY ARE BEING MADE TO COMPLY WITH THE SAME REGULATIONS AS IN-STATE CONTRACTORS. THE OGLALA SIOUX TRIBE TERO OFFICE MAKES USE OF THE PUBLICATION TO MONITOR CONSTRUCTION PROJECTS ON THE RESERVATION FOR PROPER EMPLOYMENT PRACTICES.
RECOGNIZING THE NEED FOR A CONTINUED STRONG WORKFORCE IN THE CONSTRUCTION INDUSTRY, CIC COMMITS UP TO $6,000/YEAR IN SCHOLARSHIP MONIES TO ASSIST AND ENCOURAGE YOUNG PEOPLE IN OUR COMMUNITIES WHO HAVE CHOSEN TO STUDY A FIELD IN THE CONSTRUCTION INDUSTRY. ADDITIONALLY, CIC WORKS COOPERATIVELY WITH OTHER ORGANIZATIONS TO PROVIDE EDUCATIONAL OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Suhr Director | Trustee | 1 | $0 |
Bobby Wessel Treasurer | OfficerTrustee | 1 | $0 |
Sandi Mickley Vice President | OfficerTrustee | 1 | $0 |
David Wolf Director | Trustee | 1 | $0 |
Brock Debaere President-Elect | OfficerTrustee | 1 | $0 |
Jared Nicolaus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,594 |
| 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 | $7,594 |
| Total Program Service Revenue | $466,455 |
| Investment income | $6,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,150 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,717 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,917 |
| Pension plan accruals and contributions | $12,344 |
| Other employee benefits | $30,981 |
| Payroll taxes | $17,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $6,408 |
| Advertising and promotion | $1,693 |
| Office expenses | $9,088 |
| Information technology | $10,863 |
| Royalties | $0 |
| Occupancy | $11,767 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,029 |
| Insurance | $13,979 |
| All other expenses | $24,212 |
| Total functional expenses | $470,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,902 |
| Savings and temporary cash investments | $14,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,898 |
| 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 | $0 |
| Net Land, buildings, and equipment | $146,522 |
| Investments—publicly traded securities | $115,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $373,323 |
| Accounts payable and accrued expenses | $20,491 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | -$482 |
| Total liabilities | $20,009 |
| Net assets without donor restrictions | $353,314 |
| 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 | $373,323 |