Fredericksburg Area Builders Assn Inc
- Assets
- $810.5k
- Revenue
- $438.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Fredericksburg, VA
- Founding
- 04/1981
- Data as of
- 12/2021
- EIN
- 54-1147423
Organization Overview
Fredericksburg Area Builders Assn Inc is located in Fredericksburg, VA. The organization was established in 1981. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Fredericksburg Area Builders Assn Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg Area Builders Assn 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, Fredericksburg Area Builders Assn Inc generated $438.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $396.5k during the year ending 12/2021. While expenses have increased by 0.4% 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 MAINTAIN HIGH PROFESSIONAL STANDARDS IN THE CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE HOUSING INDUSTRY IN THE FREDERICKSBURG, VA AREA AND TO MAINTAIN HIGH PROFESSIONAL STANDARDS IN THE CONSTRUCTION INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Moore Exec. Officer - Staff | OfficerTrustee | 40 | $82,201 |
Jeremiah Horstick Treasurer | OfficerTrustee | 4 | $0 |
Stacey Lampman Immediate Past President | OfficerTrustee | 2 | $0 |
Scott Hine President | OfficerTrustee | 4 | $0 |
Sean Halsey Builder Director | OfficerTrustee | 2 | $0 |
Michelle Hall Secretary | OfficerTrustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $408,779 |
| Investment income | $2,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,125 |
| 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. | $82,201 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $999 |
| Office expenses | $16,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,076 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,689 |
| Insurance | $6,349 |
| All other expenses | $5,809 |
| Total functional expenses | $396,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,555 |
| Savings and temporary cash investments | $4,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $511,163 |
| Investments—publicly traded securities | $134,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,696 |
| Total assets | $810,499 |
| Accounts payable and accrued expenses | $0 |
| 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 | $29,900 |
| Other liabilities | $9,370 |
| Total liabilities | $39,270 |
| Net assets without donor restrictions | $5,377 |
| 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 | $810,499 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fredericksburg Area Builders Assn Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Home Builders Association Of Virginia Educational Foundation Richmond, VA PURPOSE: FUNDING THE "DISCOVER YOUR FUTURE COMMUNITY CAREER EXPO" | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |