Agc Education And Research Foundation
- Assets
- $11.8m
- Revenue
- $1.6m
- Investments
- $3.7m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/1968
- Data as of
- 12/2022
- EIN
- 52-6083465
Organization Overview
Agc Education And Research Foundation is located in Arlington, VA. The organization was established in 1968. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agc Education And Research Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Agc Education And Research Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 2.6% 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.
Since 2014, Agc Education And Research Foundation has awarded 51 individual grants totaling $621,791. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP, AWARD AND GRANT PROGRAM - THE SCHOLARSHIP, AWARD AND GRANTS PROGRAMS RECOGNIZE QUALIFYING STUDENTS AND UNIVERSITIES, WHO ARE INTERESTED IN CONSTRUCTION AND CIVIL ENGINEERING. SCHOLARSHIPS, AWARDS, AND GRANTS ARE MADE ON THE BASIS OF DEMONSTRATION OF INTEREST IN THE CONSTRUCTION INDUSTRY, SCHOLASTIC OR TEACHING QUALIFICATIONS, AND THE STUDENT OR TEACHER'S NEED FOR FINANCIAL ASSISTANCE. SCHOLARSHIPS WERE AWARDED TO 137 UNDERGRADUATE AND GRADUATE STUDENTS AND TO 18 TO CRAFT/TECHNICAL TRAINING STUDENTS DURING 2022.
INDUSTRY RESIDENCY PROGRAM - THIS PROGRAM ENRICHES THE CLASSROOM EXPERIENCE OF CONSTRUCTION STUDENTS BY PROVIDING OPPORTUNITIES FOR SELECTED FACULTY MEMBERS TO GAIN CONSTRUCTION EXPERIENCE THROUGH SUMMER INTERNSHIPS WITH AGC MEMBER COMPANIES. THE PROGRAM IS DESIGNED TO BE A PARTNERSHIP AMONG THE ACADEMIC INSTITUTION, A CONSTRUCTION FIRM OR ORGANIZATION, AND THE FOUNDATION. THE FOUNDATION PARTNERED WITH FOUR AGC MEMBER COMPANIES AND PROFESSORS IN 2022.
KEENE STATE SAFETY PROGRAM - THE FOUNDATION FINANCIALLY SUPPORTS KEENE STATE COLLEGE ESTABLISHMENT OF A CONSTRUCTION SAFETY BACHELOR'S DEGREE PROGRAM, THE FINANCIAL SUPPORT COVERS COMPENSATION FOR CLINICAL FACULTY, CONTRACT LECTURERS, COORDINATORS, AND CURRICULUM DEVELOPERS; RESEARCH AND CAPSTONE OPPORTUNITIES FOR STUDENTS AND FACULTY; STUDENT SCHOLARSHIPS; STUDENT ATTENDANCE AT RELATED NATIONAL CONFERENCE; AND DEVELOPMENT OF A CAMPUS-BASED CONSTRUCTION SAFETY CERTIFICATE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Conor O'brien Secretary | OfficerTrustee | 10 | $0 |
B Scott Holloway President | OfficerTrustee | 5 | $0 |
Francis W Madigan III Vice President | OfficerTrustee | 5 | $0 |
Philip Beck Treasurer | OfficerTrustee | 2.5 | $0 |
Robert L Bowen Director | Trustee | 1 | $0 |
Jeff Christianson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $277,534 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,817 |
| Total Program Service Revenue | $0 |
| Investment income | $318,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,096 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $406,587 |
| Net Income from Fundraising Events | -$56,421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,636,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,150 |
| Grants and other assistance to domestic individuals. | $531,886 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,755 |
| Fees for services: Legal | $12,984 |
| Fees for services: Accounting | $24,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,211 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,889 |
| Office expenses | $1,510 |
| Information technology | $7,395 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,067,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $327,904 |
| Accounts receivable, net | $4,658 |
| 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 | $1,534 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,224,735 |
| Investments—other securities | $3,683,918 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,814,956 |
| Accounts payable and accrued expenses | $31,258 |
| Grants payable | $169,000 |
| 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 | $0 |
| Total liabilities | $200,258 |
| Net assets without donor restrictions | $1,495,029 |
| Net assets with donor restrictions | $10,119,669 |
| 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 | $11,814,956 |
Grants Awarded
Over the last fiscal year, Agc Education And Research Foundation has awarded $36,152 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KENNESAW STATE UNIV RESEARCH & SERVICE FDN PURPOSE: INDUSTRY RESIDENCY | $17,754 |
WENTWORTH INSTITUTE OF TECHNOLOGY PURPOSE: INDUSTRY RESIDENCY | $8,400 |
SOUTHERN ILLINOIS UNIVERSITY EDWARDSVILLE PURPOSE: INDUSTRY RESIDENCY | $9,998 |