Associated Builders & Contractors Inc
- Assets
- $11.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Nashville, TN
- Founding
- 12/1964
- Data as of
- 12/2023
- 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. As of 12/2023, Associated Builders & Contractors Inc employed 10 individuals. 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 12/2023, Associated Builders & Contractors Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 13.9% per year over the past 8 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
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 |
|---|---|---|---|
Justin Marcus Chair | OfficerTrustee | 1 | $0 |
Bryan Hay Vice Chair | OfficerTrustee | 1 | $0 |
Chuck Mabe - End 1023 Secretary | OfficerTrustee | 1 | $0 |
Eric Pyle - End 1023 Immediate Past Chair | OfficerTrustee | 1 | $0 |
Steven Bishop Director | Trustee | 1 | $0 |
Blake French - End 1023 Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $889,214 |
| 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 | $889,214 |
| Total Program Service Revenue | $2,118,331 |
| Investment income | $13,722 |
| 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 | $3,021,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,341 |
| Grants and other assistance to domestic individuals. | $161,529 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,829 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,583 |
| Pension plan accruals and contributions | $1,553 |
| Other employee benefits | $23,648 |
| Payroll taxes | $28,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,508 |
| Fees for services: Accounting | $49,771 |
| Fees for services: Lobbying | $66,860 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,085 |
| Advertising and promotion | $6,576 |
| Office expenses | $72,743 |
| Information technology | $21,846 |
| Royalties | $0 |
| Occupancy | $255,501 |
| Travel | $21,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,426 |
| Interest | $226,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,384 |
| Insurance | $19,918 |
| All other expenses | $129,188 |
| Total functional expenses | $3,209,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,168,759 |
| Savings and temporary cash investments | $603,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,735 |
| 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 | $77,452 |
| Net Land, buildings, and equipment | $8,914,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,732 |
| Total assets | $10,980,932 |
| Accounts payable and accrued expenses | $303,768 |
| Grants payable | $0 |
| Deferred revenue | $991,916 |
| 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 | $6,483,356 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,313 |
| Total liabilities | $7,813,353 |
| Net assets without donor restrictions | $3,167,579 |
| 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 | $10,980,932 |