Kentucky Association Of Highway Contractors
- Assets
- $5.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Frankfort, KY
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 61-0244690
Organization Overview
Kentucky Association Of Highway Contractors is located in Frankfort, KY. The organization was established in 1945. 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, Kentucky Association Of Highway Contractors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Association Of Highway Contractors 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, Kentucky Association Of Highway Contractors generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $962.0k during the year ending 12/2021. While expenses have increased by 1.1% 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
PROVIDES SERVICES TO MEMBERS IN THE HIGHWAY CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND CONFERENCES DESIGNED TO TRAIN MEMBERS DIFFERENT ASPECTS OF THE HIGHWAY CONSTRUCTION INDUSTRY CONTRIBUTIONS FOR THE WELFARE OF OTHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Larue Executive Director | 40 | $184,275 | |
Lori Harper Chairman | OfficerTrustee | 0 | $0 |
Jeff Monohan Treasurer | OfficerTrustee | 0 | $0 |
Chris Proffitt Vice Chairman | OfficerTrustee | 0 | $0 |
Joe Burchett II Director | Trustee | 0 | $0 |
David Haydon Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,290 |
| 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 | $87,290 |
| Total Program Service Revenue | $1,016,796 |
| Investment income | $84,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,402,744 |
| 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. | $184,275 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,190 |
| Pension plan accruals and contributions | $54,670 |
| Other employee benefits | $85,964 |
| Payroll taxes | $27,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,492 |
| Insurance | $11,364 |
| All other expenses | $102,752 |
| Total functional expenses | $962,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,991,570 |
| Savings and temporary cash investments | $3,284,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,429 |
| 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 | $846 |
| Net Land, buildings, and equipment | $22,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $335,102 |
| Total assets | $5,728,108 |
| Accounts payable and accrued expenses | $12,827 |
| Grants payable | $0 |
| Deferred revenue | $606,438 |
| 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 | $619,265 |
| Net assets without donor restrictions | $5,108,843 |
| 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 | $5,728,108 |
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