Carolina Asphalt Pavement Assn Inc
- Assets
- $1.7m
- Revenue
- $992.5k
- Investments
- $795.2k
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 03/1950
- Data as of
- 12/2023
- EIN
- 56-0511901
Organization Overview
Carolina Asphalt Pavement Assn Inc is located in Raleigh, NC. The organization was established in 1950. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Carolina Asphalt Pavement Assn Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Asphalt Pavement 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 12/2023, Carolina Asphalt Pavement Assn Inc generated $992.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $953.7k during the year ending 12/2023. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT NC ASPHALT PRODUCERS AND OTHER COMPANIES INVOLVED IN THE ASPHALT PAVEMENT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPA PROMOTES SUSTAINED AND INCREASED TRANSPORTATION FUNDING FOR HIGHWAY PROJECTS, CONTRACT RESURFACING AND PAVEMENT PRESERVATION. CAPA BELIEVES THAT INVESTING IN TRANSPORTATION FUNDING IS THE BEST INVESTMENT OF NORTH CAROLINA TAX DOLLARS. IT PROVIDES FUNDS TO MAINTAIN AND IMPROVE OUR ROADS. IT ALSO PROVIDES JOBS TO DESIGN AND BUILD THE PROJECTS AS WELL AS JOBS IN RETAINING AND ATTRACTING BUSINESS THAT ENJOY A GREAT TRANSPORTATION SYSTEM.THE ROAD SYSTEM IS THE BACKBONE OF THIS GREAT STATE AND IT SERVES EVERY CITIZEN OF NORTH CAROLINA BY PROVIDING A SAFE METHOD OF TRANSPORTATION FOR PEOPLE, GOODS AND SERVICES. CAPA MEMBERS PAVE THE MAJORITY OF NORTH CAROLINA'S ROADS, AND WORK WITH, AND FOR THE NORTH CAROLINA DEPARTMENT OF TRANSPORTATION (NCDOT) TO DELIVER THEIR ROAD PROGRAM. CAPA AND NCDOT CONSTANTLY WORK TOGETHER THROUGH COMMITTEES AND WORKSHOPS, TO ENSURE THE HIGHEST STANDARDS OF ENGINEERING ARE USED IN ROAD DESIGN AND CONSTRUCTION. CAPA MEMBERS, ALSO WORK WITH TOWNS AND MUNICIPALITIES TO DELIVER THEIR ROAD PROGRAMS. CAPA MEMBERS ARE HONORED TO PROVIDE THE MATERIALS AND MANPOWER TO BUILD AND MAINTAIN ROADS IN NORTH CAROLINA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Clayton Board Member | Trustee | 1 | $0 |
Reade Dawson Board Member | Trustee | 1 | $0 |
Mary Katherine Harbin Ex-Officio | OfficerTrustee | 1 | $0 |
John Barrett President | OfficerTrustee | 1 | $0 |
Brian Jones Board Member | Trustee | 1 | $0 |
Don Dedmon Sr Board Member | Trustee | 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 | $956,748 |
| Investment income | $20,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $992,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $339,646 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,000 |
| Payroll taxes | $20,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,250 |
| Fees for services: Accounting | $15,425 |
| Fees for services: Lobbying | $1,265 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,587 |
| Fees for services: Other | $99,199 |
| Advertising and promotion | $62,580 |
| Office expenses | $4,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,336 |
| Travel | $2,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,044 |
| Insurance | $5,967 |
| All other expenses | $1,745 |
| Total functional expenses | $953,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,671 |
| Savings and temporary cash investments | $482,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,317 |
| 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 | $4,615 |
| Net Land, buildings, and equipment | $1,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $795,249 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,648 |
| Total assets | $1,687,383 |
| Accounts payable and accrued expenses | $29,000 |
| Grants payable | $0 |
| Deferred revenue | $50,525 |
| 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 | $287,648 |
| Total liabilities | $367,173 |
| Net assets without donor restrictions | $1,320,210 |
| 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 | $1,687,383 |
Grants Awarded
Over the last fiscal year, Carolina Asphalt Pavement Assn Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA PARTNERSHIP FOR REFORM INC PURPOSE: GENERAL SUPPORT | $100,000 |
MOVING NC FORWARD PURPOSE: GENERAL SUPPORT | $10,000 |