Agc Of Kentucky Inc
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Frankfort, KY
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 61-0263820
Organization Overview
Agc Of Kentucky Inc is located in Frankfort, KY. The organization was established in 1954. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 12/2022, Agc Of Kentucky Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agc Of Kentucky 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 12/2022, Agc Of Kentucky Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AGC SERVES OUR COMMONWEALTH'S CONSTRUCTION PROFESSIONALS BY PROMOTING THE SKILL, INTEGRITY, AND RESPONSIBILITY OF THOSE WHO BUILD KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGC SERVES OUR COMMONWEALTH'S CONSTRUCTION PROFESSIONALS BY PROMOTING THE SKILL, INTEGRITY, AND RESPONSIBILITY OF THOSE WHO BUILD KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Vincent Secretary | OfficerTrustee | 40 | $220,000 |
Chris Barnett Director | Trustee | 1 | $0 |
Josh Branscum Director | Trustee | 1 | $0 |
Keith Caudill Director | Trustee | 1 | $0 |
Casey Dunn President | OfficerTrustee | 1 | $0 |
Ben Dycus Director | 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 | $1,062,260 |
| Investment income | $29,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,087,024 |
| 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. | $231,305 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,271 |
| Pension plan accruals and contributions | $1,602 |
| Other employee benefits | $136,649 |
| Payroll taxes | $31,179 |
| Fees for services: Management | $16,200 |
| Fees for services: Legal | $10,789 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,215 |
| Fees for services: Other | $81,429 |
| Advertising and promotion | $2,400 |
| Office expenses | $16,044 |
| Information technology | $21,769 |
| Royalties | $0 |
| Occupancy | $26,727 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,561 |
| Payments to affiliates | $134,830 |
| Depreciation, depletion, and amortization | $13,939 |
| Insurance | $19,901 |
| All other expenses | $32,323 |
| Total functional expenses | $1,129,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,430 |
| 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 | $225 |
| Net Land, buildings, and equipment | $374,251 |
| Investments—publicly traded securities | $1,290,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,168,303 |
| Accounts payable and accrued expenses | $36,640 |
| Grants payable | $0 |
| Deferred revenue | $288,815 |
| 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 | $223,157 |
| Other liabilities | $0 |
| Total liabilities | $548,612 |
| Net assets without donor restrictions | $1,619,691 |
| 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 | $2,168,303 |