Kentucky Concrete Association
- Assets
- $984.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Frankfort, KY
- Founding
- 10/1963
- Data as of
- 12/2023
- EIN
- 61-0599245
Organization Overview
Kentucky Concrete Association is located in Frankfort, KY. The organization was established in 1963. 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 12/2023, Kentucky Concrete Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Concrete 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 12/2023, Kentucky Concrete Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $949.8k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 6 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
THE ASSOCIATION'S MISSION IS TO PROMOTE THE BENEFITS OF CONCRETE TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE PROVIDED TO THE READY-MIX CONCRETE INDUSTRY OF KENTUCKY INCLUDING BUT NOT LIMITED TO: EDUCATION, PRODUCT PROMOTION, QUALITY IMPROVEMENT, ENVIRONMENTAL AND SAFETY ISSUES, AND IMPROVEMENT OF THE BUSINESS ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Ruffing Executive Di | $123,917 | ||
Jason Jones President | OfficerTrustee | $0 | |
Brett Baker Vice-Preside | OfficerTrustee | $0 | |
Debbie Herndon Treasurer | OfficerTrustee | $0 | |
Ron Hartman Secretary | OfficerTrustee | $0 | |
David Reeves Past Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $552,260 |
| 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 | $552,260 |
| Total Program Service Revenue | $477,829 |
| Investment income | $22,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,220 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,212 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,887 |
| Pension plan accruals and contributions | $10,496 |
| Other employee benefits | $37,193 |
| Payroll taxes | $24,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,514 |
| 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 | $16,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,996 |
| Interest | $45 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,833 |
| Insurance | $14,925 |
| All other expenses | $69,384 |
| Total functional expenses | $949,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,421 |
| Savings and temporary cash investments | $618,471 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,005 |
| 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 | $7,173 |
| Net Land, buildings, and equipment | $301,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $984,288 |
| Accounts payable and accrued expenses | $7,423 |
| Grants payable | $0 |
| Deferred revenue | $18,950 |
| 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 | $26,373 |
| Net assets without donor restrictions | $957,915 |
| 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 | $984,288 |