Associated Builders & Contractors Inc
- Assets
- $30.6m
- Revenue
- $25.9m
- Investments
- $848.4k
- Employees
- 108
- Location
- Washington, DC
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 52-0579380
Organization Overview
Associated Builders & Contractors Inc is located in Washington, DC. 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 108 individuals. This organization is a parent organization of 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 $25.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $24.4m during the year ending 12/2023. While expenses have increased by 3.7% 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.
Since 2014, Associated Builders & Contractors Inc has awarded 71 individual grants totaling $8,189,635. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ABC'S MISSION IS THE ADVANCEMENT OF THE MERIT SHOP CONSTRUCTION PHILOSOPHY, WHICH ENCOURAGES OPEN COMPETITION AND A FREE ENTERPRISE APPROACH THAT AWARDS CONTRACTS BASED SOLELY ON MERIT, REGARDLESS OF LABOR AFFILIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FREE ENTERPRISE ALLIANCE - EDUCATES THE PUBLIC ON ISSUES THAT AFFECT THE CONSTRUCTION INDUSTRY. EDUCATIONAL EFFORTS INCLUDE INFORMING THE PUBLIC ABOUT GOVERNMENT REGULATION, AND TAXES, IN ADDITION TO EDUCATION REGARDING THE IMPORTANCE OF VOTING THROUGH VOTER REGISTRATION AND GET-OUT-THE VOTE DRIVES. THESE OUTREACH EFFORTS WERE ACCOMPLISHED THROUGH THE USE OF DIGITAL MEDIA SUCH AS WEB VIDEO, BLOGS AND OTHER TOOLS, AS WELL AS ON THE GROUND EDUCATION OF ABC MEMBERS THROUGHOUT THE COUNTRY.
CHAPTER DEVELOPMENT- THE ASSOCIATION WORKS DIRECTLY WITH ITS 69 CHAPTERS TO IMPROVE STAFF MANAGEMENT SKILLS, ASSIST IN RECRUITMENT AND RETENTION EFFORTS OF MEMBERS, RECOGNIZE OUTSTANDING ACHIEVEMENTS AT THE CHAPTER LEVEL, AND INCREASE VOLUNTEER INVOLVEMENT AND COMMITMENT TO ABC.
GOVERNMENT AFFAIRS- THE ASSOCIATION WORKS WITH LEGISLATORS AND REGULATORS ON THE FEDERAL AND STATE LEVEL TO FURTHER THE INTERESTS OF MERIT SHOP CONSTRUCTION AND TO PROTECT MERIT SHOP CONTRACTORS FROM LAWS AND REGULATIONS WHICH INHIBIT FREE ENTERPRISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton Graugnard Chair | OfficerTrustee | 1 | $0 |
Buddy Henley Chair-Elect | OfficerTrustee | 1 | $0 |
Stephanie Schmidt Immediate Past Chair | OfficerTrustee | 1 | $0 |
Larry May Treasurer | OfficerTrustee | 1 | $0 |
John Mielke Chair, Chapter Pres. Exec. Committee | Trustee | 1 | $0 |
Brendan Mcandrews Mid-America Region Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ultraviolet Events Professional Services | 12/30/23 | $416,633 |
Orases Consulting Corp Consulting Services | 12/30/23 | $287,428 |
Marcum Llp Consulting Services | 12/30/23 | $434,725 |
Mary Schroer Consulting Services | 12/30/23 | $369,500 |
Ulman Public Policy & Federal Relations Consulting Services | 12/30/23 | $293,000 |
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 | $3,523,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,523,873 |
| Total Program Service Revenue | $22,023,085 |
| Investment income | $165,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $73,021 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,898 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,935,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,446,981 |
| 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. | $3,012,541 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,719,625 |
| Pension plan accruals and contributions | $311,682 |
| Other employee benefits | $886,311 |
| Payroll taxes | $606,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $541,134 |
| Fees for services: Accounting | $74,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,191 |
| Fees for services: Other | $1,972,324 |
| Advertising and promotion | $588,749 |
| Office expenses | $1,263,952 |
| Information technology | $444,221 |
| Royalties | $0 |
| Occupancy | $74,724 |
| Travel | $1,130,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,669,741 |
| Interest | $6,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,966 |
| Insurance | $80,620 |
| All other expenses | -$1,736 |
| Total functional expenses | $24,431,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,968,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,215 |
| Prepaid expenses and deferred charges | $480,944 |
| Net Land, buildings, and equipment | $359,517 |
| Investments—publicly traded securities | $7,543,082 |
| Investments—other securities | $848,362 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,857,756 |
| Total assets | $30,614,161 |
| Accounts payable and accrued expenses | $1,232,310 |
| Grants payable | $0 |
| Deferred revenue | $9,280,540 |
| 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 | $10,205,472 |
| Total liabilities | $20,718,322 |
| Net assets without donor restrictions | $7,716,419 |
| Net assets with donor restrictions | $2,179,420 |
| 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 | $30,614,161 |
Grants Awarded
Over the last fiscal year, Associated Builders & Contractors Inc has awarded $1,436,407 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ABC - ALABAMA CHAPTER PURPOSE: GENERAL SUPPORT | $99,038 |
CONSTRUCTION LEGAL RIGHTS FOUNDATION PURPOSE: GENERAL SUPPORT | $878,211 |
ABC-SOUTHEASTERN MICHIGAN CHAPTER PURPOSE: GENERAL SUPPORT | $85,000 |
ABC - ILLINOIS CHAPTER PURPOSE: GENERAL SUPPORT | $79,334 |
ABC - NORTH ALABAMA CHAPTER PURPOSE: GENERAL SUPPORT | $66,000 |
ABC OF MICHIGAN PURPOSE: GENERAL SUPPORT | $50,000 |