Associated Builders And Contractors Inc
- Assets
- $3.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Atlanta, GA
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 58-1108528
Organization Overview
Associated Builders And Contractors Inc is located in Atlanta, GA. 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 12/2023, Associated Builders And Contractors Inc employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders And 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 12/2023, Associated Builders And Contractors Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
SEE PAGE 2, PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING - LEADING THE WAY IN EDUCATION AND TRAINING - IT HAS BEEN ABC OF GEORGIA'S GOAL TO PROVIDE THE MOST TIMELY, COMPREHENSIVE, AND BROAD-BASED EDUCATION AND TRAINING SUPPORT FOR MEMBERS BY CLOSELY MONITORING INDUSTRY TRENDS AND ECONOMIC FORECASTS. IN 2023, ABC OF GEORGIA CONTINUED ITS POSITION IN BEING A FORWARD-THINKING ORGANIZATION BY ANTICIPATING AND OFFERING COURSES TO FULFILL THE NEEDS OF AN ESSENTIAL WORKFORCE INDUSTRY. ABC OF GEORGIA STRENGTHENED ITS REPUTATION AS A LEADING EDUCATOR IN THE STATE'S COMMERCIAL CONSTRUCTION INDUSTRY. IN 2023, 33 COURSES HELPED OVER 650 ATTENDEES BECOME MORE PRODUCTIVE FOR THEIR COMPANIES.
BUILDING STRONG PARTNERSHIPS- ABC HOSTED MANY NETWORKING AND SOCIAL EVENTS, HELPING PLANT THE SEEDS OF POTENTIAL BUSINESS RELATIONSHIPS. CASUAL OUTINGS REMAINED POPULAR VENUES FOR MEMBERS TO MINGLE, SPEND QUALITY TIME AND DISCUSS ISSUES UNIQUE TO THE CONSTRUCTION INDUSTRY. THIRTY-FIVE (35) EVENTS WERE HELD IN 2023 ATTRACTING NEARLY 4,500 ATTENDEES. - LUNCH AND DINNER MEETINGS - MEMBER-SPONSORED OPEN HOUSES - BUSINESS-AFTER-HOURS - BUSINESS OVER BREAKFAST - TWO GOLF TOURNAMENTS - TWO CLAY SHOOT - ANNUAL CHILI COOK-OFF - TWO "MEET & GREET THE GENERAL CONTRACTORS" WITH OVER 400 ATTENDEES - SAFETY FORUM - YOUNG PROFESSIONALS NETWORK - RECRUITMENT LUNCHEONS AND MEETINGS PROVIDING PROSPECTS A CLEAR, CONCISE MESSAGE ON THE BENEFITS OF JOINING ABC OF GEORGIA - LADIES OPERATING FOR GROWTH IN CONTRUCTION (LOGIC)
RECOGNIZING SAFETY AND CONSTRUCTION EXCELLENCE- ABC HONORED MEMBER COMPANIES THIS YEAR AT ITS ANNUAL SAFETY AWARDS CELEBRATION, INCLUDING 84 STEP (SAFETY TRAINING AND EVALUATION PROCESS) AWARDS AND 42 GEORGIA SAFETY AWARDS OF EXCELLENCE. WINNERS ARE NOTED FOR HAVING ACHIEVED THE LOWEST RATE OF ON-THE-JOB ACCIDENTS IN THE STATE AND DEMONSTRATING THEIR COMMITMENT TO SAFETY. THE EXCELLENCE IN CONSTRUCTION AWARDS COMPETITION IS HELD BIENNIALLY AND HIGHLIGHTS THE INNOVATION, QUALITY AND VISION OF A PROJECT'S ENTIRE CONSTRUCTION TEAM-GENERAL AND SPECIALTY CONTRACTORS, ARCHITECTS, ENGINEERS, OWNERS AND OTHERS. SAFETY COURSES: - OSHA-30 HOUR - OSHA 10-HOUR - RIGGER AND SIGNAL PERSON - FALL PROTECTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Anderson President & | Officer | 40 | $309,141 |
Amy Kane VP Education | 40 | $149,912 | |
Kate Badey Director | Trustee | 0.5 | $0 |
Dan Cassidy Director | Trustee | 0.5 | $0 |
Mark Cleverly Past Chairma | OfficerTrustee | 0.5 | $0 |
Veronica Conti Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,204,215 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,216,215 |
| Total Program Service Revenue | $980,536 |
| Investment income | $6,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $449 |
| 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 | $2,207,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,383 |
| 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. | $370,852 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,179 |
| Pension plan accruals and contributions | $28,714 |
| Other employee benefits | $38,518 |
| Payroll taxes | $47,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,113 |
| Fees for services: Lobbying | $37,375 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,293 |
| Office expenses | $50,044 |
| Information technology | $7,500 |
| Royalties | $0 |
| Occupancy | $59,548 |
| Travel | $35,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $289,804 |
| Interest | $9,806 |
| Payments to affiliates | $238,522 |
| Depreciation, depletion, and amortization | $68,500 |
| Insurance | $17,871 |
| All other expenses | $61,588 |
| Total functional expenses | $2,151,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047,112 |
| Savings and temporary cash investments | $0 |
| 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 | $209,461 |
| Net Land, buildings, and equipment | $1,908,761 |
| Investments—publicly traded securities | $425,066 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,539 |
| Other assets | $0 |
| Total assets | $3,594,939 |
| Accounts payable and accrued expenses | $82,029 |
| Grants payable | $0 |
| Deferred revenue | $1,048,661 |
| 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 | $215,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,345,894 |
| Net assets without donor restrictions | $2,239,945 |
| Net assets with donor restrictions | $9,100 |
| 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 | $3,594,939 |