Carolina Asphalt Pavement Assn Inc
- Assets
- $1.4m
- Revenue
- $779.1k
- Investments
- $793.6k
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 03/1950
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Carolina Asphalt Pavement Assn Inc generated $779.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $702.7k during the year ending 12/2021. 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 PROMOTE THE USE OF HOT MIXED ASPHALT, AND TO PROVIDE MEMBERS WITH THE SERVICES THAT ENABLE THEM TO PRODUCE HIGH QUALITY PAVING MATERIALS IN THE MOST TECHNICALLY AND COST EFFICIENT MANNER. THE ASSOCIATION REGULARLY SPONSORS SEMINARS AND WORKSHOPS ON A VARIETY OF TECHNICAL SUBJECTS. CAPA TAKES AN ACTIVE ROLE IN GOVERNMENTAL AFFAIRS, REPRESENTING THE INDUSTRY'S VIEWPOINTS AND CONCERNS TO VARIOUS PUBLIC AGENCIES AND GOVERNING BODIES ON ENVIRONMENTAL, ENGINEERING, AND LEGISLATIVE ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE USE OF HOT MIXED ASPHALT, AND TO PROVIDE MEMBERS WITH THE SERVICES THAT ENABLE THEM TO PRODUCE HIGH QUALITY PAVING MATERIALS IN THE MOST TECHNICALLY AND COST EFFICIENT MANNER. THE ASSOCIATION REGULARLY SPONSORS SEMINARS AND WORKSHOPS ON A VARIETY OF TECHNICAL SUBJECTS. CAPA TAKES AN ACTIVE ROLE IN GOVERNMENTAL AFFAIRS, REPRESENTING THE INDUSTRY'S VIEWPOINTS AND CONCERNS TO VARIOUS PUBLIC AGENGIES AND GOVERNING BODIES ON ENVIRONMENTAL, ENGINEERING, AND LEGISLATIVE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellis Powell Executive Director | Officer | 40 | $277,466 |
Larry Brickey Ex-Officio | OfficerTrustee | 1 | $0 |
Ivan Clayton President | OfficerTrustee | 1 | $0 |
Reade Dawson Vice President | OfficerTrustee | 1 | $0 |
Mary Katherine Harbin Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tom Sproule 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 | $756,080 |
| Investment income | $20,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $779,094 |
| 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. | $311,066 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,380 |
| Pension plan accruals and contributions | $11,256 |
| Other employee benefits | $0 |
| Payroll taxes | $19,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,750 |
| Fees for services: Accounting | $12,315 |
| Fees for services: Lobbying | $504 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,228 |
| Fees for services: Other | $96,379 |
| Advertising and promotion | $58,800 |
| Office expenses | $14,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,165 |
| Travel | $647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,507 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,404 |
| Insurance | $7,540 |
| All other expenses | $0 |
| Total functional expenses | $702,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,521 |
| Savings and temporary cash investments | $455,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,283 |
| 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 | $2,499 |
| Net Land, buildings, and equipment | $3,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $793,581 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,361,344 |
| Accounts payable and accrued expenses | $13,163 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,163 |
| Net assets without donor restrictions | $1,348,181 |
| 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 | $1,361,344 |
Grants Awarded
Over the last fiscal year, Carolina Asphalt Pavement Assn Inc has awarded $125,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: FINANCIAL SUPPORT | $100,000 |
Raleigh, NC PURPOSE: FINANCIAL SUPPORT | $10,000 |
Washington, DC PURPOSE: FINANCIAL SUPORT | $10,000 |
Lexington, KY PURPOSE: FINANCIAL SUPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pipeline Research Council International Inc Chantilly, VA | $19,057,089 | $17,544,537 |
Municipal Association Of South Carolina Columbia, SC | $27,881,806 | $13,800,383 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Tennessee Society Of Certified Public Accountants Brentwood, TN | $4,364,880 | $3,240,812 |
The Surplus Lines Association Of North Carolina Raleigh, NC | $12,949,553 | $5,323,982 |
Orthoforum Inc Knoxville, TN | $4,583,324 | $2,767,682 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Nashville, TN | $4,408,453 | $2,757,970 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |
Bbb Wise Giving Alliance Arlington, VA | $1,735,279 | $2,119,242 |
Women Business Leaders Of The U S Health Care Industry Foundation Arlington, VA | $1,419,085 | $1,982,978 |
Georgia Highway Contractors Association Inc Alpharetta, GA | $1,405,091 | $1,643,875 |