Associated Builders And Contractors Inc
- Assets
- $729.4k
- Revenue
- $411.7k
- Investments
- $0.0
- Employees
- 25
- Location
- Hagerstown, MD
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 52-0801915
Organization Overview
Associated Builders And Contractors Inc is located in Hagerstown, MD. 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 And Contractors Inc employed 25 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders And 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 12/2021, Associated Builders And Contractors Inc generated $411.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $443.7k during the year ending 12/2021. While expenses have increased by 2.3% 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
AN ORGANIZATION THAT PROMOTES FREE ENTERPRISE AND PROVIDES SUPERIOR PROGRAMS AND SERVICES TO GIVE ITS MEMBERS A COMPETITIVE ADVANTAGE WHILE PROTECTING THE SAFETY OF THEIR EMPLOYEES AND ADDING VALUE TO THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER MEETINGS EVENTS - PROVIDE MEMBERSHIP AN OPPORTUNITY TO MEET AND DISCUSS DEVELOPMENTS WITHIN THE INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amos A Mccoy President CEO | Officer | 30 | $93,846 |
Brooke Wenger Past-Chair | OfficerTrustee | 1.5 | $0 |
Del Carden Secretary | OfficerTrustee | 1.5 | $0 |
Denver Martin Treasurer | OfficerTrustee | 1.5 | $0 |
Herb Sandifer Chair | OfficerTrustee | 3 | $0 |
Bradley A Reynolds Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $219,119 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,491 |
| 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 | $292,610 |
| Total Program Service Revenue | $13,783 |
| Investment income | $122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,764 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,075 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,682 |
| 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. | $89,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,264 |
| Pension plan accruals and contributions | $5,994 |
| Other employee benefits | $31,746 |
| Payroll taxes | $10,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,972 |
| Fees for services: Accounting | $10,729 |
| Fees for services: Lobbying | $6,590 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,830 |
| Advertising and promotion | $2,113 |
| Office expenses | $21,390 |
| Information technology | $9,016 |
| Royalties | $0 |
| Occupancy | $13,272 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,285 |
| Interest | $3,352 |
| Payments to affiliates | $63,293 |
| Depreciation, depletion, and amortization | $31,421 |
| Insurance | $21,460 |
| All other expenses | $11,422 |
| Total functional expenses | $443,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,214 |
| Savings and temporary cash investments | $110,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,436 |
| 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 | $20,710 |
| Net Land, buildings, and equipment | $411,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,504 |
| Other assets | $144,328 |
| Total assets | $729,362 |
| Accounts payable and accrued expenses | $22,055 |
| Grants payable | $0 |
| Deferred revenue | $104,660 |
| 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 | $681,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $808,259 |
| Net assets without donor restrictions | -$81,852 |
| Net assets with donor restrictions | $2,955 |
| 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 | $729,362 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Builders And Contractors Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Scott Foundation Inc Greensburg, PA PURPOSE: FACILITIES MAINTENANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Certified Financial Planner Board Of Standards Inc Washington, DC | $72,477,411 | $49,028,168 |