North Carolina Masonry Contractors Association
- Assets
- $846.0k
- Revenue
- $481.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Hickory, NC
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 58-1379464
Organization Overview
North Carolina Masonry Contractors Association is located in Hickory, NC. The organization was established in 1979. 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, North Carolina Masonry Contractors Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Masonry Contractors Association 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, North Carolina Masonry Contractors Association generated $481.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $377.4k during the year ending 12/2021. While expenses have increased by 5.0% 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
BELOW: ALL REVENUES ARE FOR THE EXPRESS PURPOSE OF PROMOTING THE MASONRY INDUSTRY IN HIGH SCHOOLS AND COLLEGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Nash Exec V Pres | Officer | 40 | $89,226 |
Kent Huntley Chairman/board | Trustee | 20 | $0 |
Danks Burton President | Trustee | 20 | $0 |
James Black Jr President/elect | Trustee | 20 | $0 |
Clifton Mcgee Sec/treasury | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,952 |
| Fundraising events | $812 |
| Related organizations | $105,263 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,803 |
| Total Program Service Revenue | $106,966 |
| Investment income | $0 |
| 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 | $481,179 |
| 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. | $89,226 |
| Compensation of current officers, directors, key employees. | $89,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,428 |
| Payroll taxes | $13,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,917 |
| Office expenses | $10,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,200 |
| Travel | $31,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $37,507 |
| Depreciation, depletion, and amortization | $11,139 |
| Insurance | $451 |
| All other expenses | $0 |
| Total functional expenses | $377,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,571 |
| Savings and temporary cash investments | $681,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,072 |
| 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 | $13,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $846,037 |
| Accounts payable and accrued expenses | $28,258 |
| Grants payable | $0 |
| Deferred revenue | $60,141 |
| 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 | $88,399 |
| Net assets without donor restrictions | $757,638 |
| 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 | $846,037 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Masonry Contractors Association has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
The Masonry Foundation Algonquin, IL PURPOSE: WORKFORCEDEVELOPMENT | $35,000 |
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 |