Associated Builders & Contractors Inc
- Assets
- $7.1m
- Revenue
- $4.9m
- Investments
- $3.4m
- Employees
- 55
- Location
- Sterling, VA
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 54-0836531
Organization Overview
Associated Builders & Contractors Inc is located in Sterling, VA. 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 & Contractors Inc employed 55 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 12/2021, Associated Builders & Contractors Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 4.9% 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
TO PROVIDE VALUE TO VIRGINIA'S CONSTRUCTION COMMUNITY THROUGH EDUCATION AND TRAINING, SERVICE, NETWORKING, AND POLITICAL ADVOCACY IN A WAY THAT PROMOTES THE MERIT-SHOP PHILOSOPHY AND FREE ENTERPRISE, MAXIMIZES OUR MEMBERS' SUCCESS, AND ENHANCES OUR INDUSTRY'S IMAGE SO THAT OUR MEMBERS AND THEIR EMPLOYEES PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS TO TRAIN MANAGEMENT & FIELD EMPLOYEES IN AREAS OF INTEREST TO MEMBERS, INCLUDING SAFETY, APPRENTICE TRAINING, MANAGEMENT EDUCATION TOPICS & EDUCATION IN THE BUILDING TRADES. SOME CLASSES LASTED 9 MONTHS OTHERS WERE 1 DAY SEMINARS. NUMBER OF SEMINARS AND TRAINING PROGRAMS IN 2021 THERE WERE 232 PROGRAMS WITH 3,868 STUDENT ATTENDEES
MONTHLY DINNER MEETINGS IN 3 REGIONS AROUND THE STATE WERE HELD TO BRING MEMBERS TOGETHER TO SHARE IDEAS, LEARN ABOUT ASSOCIATION EVENTS & ACCOMPLISHMENTS & TO HEAR SPEAKERS. IN 2021 THERE WERE 33 MEETINGS WITH 2,988 ATTENDEES.
SPECIAL EVENTS WERE HELD TO BRING MEMBERS TOGETHER, EXCHANGE IDEAS, ALLOW FELLOWSHIP & ACKNOWLEDGE THE ACCOMPLISHMENTS OF MEMBERS. IN 2021 THERE WERE 6 EVENTS WITH 934 ATTENDEES.
COMMITTEE & BOARD OF DIRECTORS' MEETINGS WERE HELD STATEWIDE THROUGHOUT THE YEAR TO BRING MEMBERS TOGETHER TO CARRYOUT & PLAN THE ASSOCIATION'S ACTIVITIES. IN 2021 THERE WERE 85 MEETINGS WITH 1038 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Dean President | Officer | 40 | $346,345 |
Robert Camlin Vice President | 40 | $135,654 | |
Doug Peterson Chair | OfficerTrustee | 2 | $0 |
Stephen Dasher CPA Treasurer | OfficerTrustee | 4 | $0 |
Michael Cunningham Second Vice Chair | OfficerTrustee | 1 | $0 |
Scott Kowalski Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,999 |
| 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 | $357,999 |
| Total Program Service Revenue | $4,462,643 |
| Investment income | $23,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,873,249 |
| 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. | $397,561 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $854,444 |
| Pension plan accruals and contributions | $56,173 |
| Other employee benefits | $86,839 |
| Payroll taxes | $98,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $297 |
| Fees for services: Accounting | $98,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,548 |
| Advertising and promotion | $3,682 |
| Office expenses | $116,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $589,960 |
| Travel | $25,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $917,208 |
| Interest | $56,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,904 |
| Insurance | $26,788 |
| All other expenses | $82,618 |
| Total functional expenses | $4,328,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,481,124 |
| Savings and temporary cash investments | $166,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,559 |
| Prepaid expenses and deferred charges | $439,506 |
| Net Land, buildings, and equipment | $315,878 |
| Investments—publicly traded securities | $859,959 |
| Investments—other securities | $3,369,818 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,095,743 |
| Accounts payable and accrued expenses | $2,326,532 |
| Grants payable | $0 |
| Deferred revenue | $1,769,127 |
| 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 | $140,759 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,000 |
| Total liabilities | $4,283,418 |
| Net assets without donor restrictions | $2,812,325 |
| 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 | $7,095,743 |
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