Associated Builders & Contractors Inc
- Assets
- $11.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 62-0850294
Organization Overview
Associated Builders & Contractors Inc is located in Nashville, TN. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders & 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 12/2021, Associated Builders & Contractors Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.3% 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
PROMOTE FREE ENTERPRISE WITHIN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CHAPTER - PROVIDES VARIOUS PUBLICATIONS TO MEMBERS ON A MONTHLY BASIS, BID LISTS ON A WEEKLY BASIS, SOCIAL FUNCTIONS, AND MANAGEMENT TRAINING FOR EXECUTIVE AND CLERICAL PERSONNEL.
APPRENTICESHIP PROGRAM - OFFERS A FOUR YEAR APPRENTICESHIP PROGRAM FOR VARIOUS SKILLS IN THE CONSTRUCTION INDUSTRY. THE PROGRAM AVERAGES APPROXIMATELY 300 STUDENTS PER YEAR, AND 25 PER CLASS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Crownover President/ceo | Officer | 40 | $114,090 |
Clay Parkes Past Chair | OfficerTrustee | 1 | $0 |
Dan Parkinson Chair | OfficerTrustee | 1 | $0 |
Justin Marcus Secretary/treasurer | OfficerTrustee | 1 | $0 |
Eric Pyle Vice Chair | OfficerTrustee | 1 | $0 |
Steven Bishop 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 | $1,896,524 |
| Investment income | $240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,034 |
| Net Gain/Loss on Asset Sales | $2,294,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,198,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,909 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,806 |
| Fees for services: Lobbying | $88,450 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,043 |
| Advertising and promotion | $10,581 |
| Office expenses | $48,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,460 |
| Travel | $6,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,378 |
| Insurance | $13,383 |
| All other expenses | $105,669 |
| Total functional expenses | $1,480,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,922,938 |
| Savings and temporary cash investments | $132,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,427 |
| 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 | $58,970 |
| Net Land, buildings, and equipment | $7,790,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $454,466 |
| Total assets | $11,458,514 |
| Accounts payable and accrued expenses | $118,004 |
| Grants payable | $0 |
| Deferred revenue | $1,822,592 |
| 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 | $5,992,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,933,102 |
| Net assets without donor restrictions | $3,525,412 |
| 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 | $11,458,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Builders & Contractors Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Associated Builders & Contractors Inc Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |