Associated General Contractors Of Miss Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Jackson, MS
- Founding
- 06/1950
- Data as of
- 12/2023
- EIN
- 64-0324725
Organization Overview
Associated General Contractors Of Miss Inc is located in Jackson, MS. The organization was established in 1950. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Associated General Contractors Of Miss Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated General Contractors Of Miss 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 General Contractors Of Miss Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 2.0% 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
TO PROVIDE LEADERSHIP AND SERVICES TO ALL AGC MEMBERS AND TO THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A ROBUST YEAR OF NETWORKING EVENTS OCCURRED IN 2023. THE 401K SKEET AND TRAP SHOOT CONTINUED AS OUR PREMIER EVENT SETTING A RECORD IN REVENUE AND PROFITS. WITH OUR ENDOWMENT AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI CONSTRUCTION + DESIGN FULLY FUNDED, WE TURNED OUR ATTENTION TO A SIMILAR ENDOWMENT AT MISSISSIPPI STATE UNIVERSITY WITH A THIRD-YEAR PAYMENT POSSIBLE BECAUSE OF OUR 401K SKEET AND TRAP SHOOT PROFITS.THE YOUTH LEADERSHIP PROGRAM (YLP) IS GOING STRONG. THIS PROGRAM WAS DESIGNED FOR CONSTRUCTION PROFESSIONALS UNDER 40 YEARS OF AGE. SO FAR, THAT HAS BEEN THE CASE WITH OVER 50 ACTIVE MEMBERS IN THE YLP. MANY YLP EVENTS OCCURRED IN 2023 INCLUDING BOWLING GET TOGETHERS, SOCIAL DROP-INS AND A VERY SUCCESSFUL GOLF TOURNAMENT. A FULL SLATE OF YLP EVENTS IS PLANNED IN 2024. MEMBERSHIP HAS REMAINED STABLE DURING 2023. OUR SAFETY PROGRAM SUFFERED A SET BACK IN JUNE OF 2023, WHEN OUR SAFETY DIRECTOR CARL DOWDEN, PASSED AWAY. WE WERE IN RECOVERY MODE FOR A FEW MONTHS AND HIRED LLOYD MUNN AS OUR SAFETY DIRECTOR IN OCTOBER OF 2023. LLOYD BRINGS A VAST AMOUNT OF EXPERIENCE TO AGC HAVING WORKED FOR CADENCE INSURANCE AS DIRECTOR OF LOSS CONTROL SERVICES. HE JOINED THAT TEAM IN 2004. WITH OVER 30 YEARS OF EXPERIENCE IN THE INDUSTRY HE HAS WORKED WITH VARIETY OF BUSINESS AND ESTABLISHED HIMSELF AS A COMPETENT TRAINER AND IS CERTIFIED TO TRAIN IN MANY AREAS. WE ARE FORTUNATE TO HAVE HIM JOIN OUR TEAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Hudson Director/ylp President | Trustee | 1 | $0 |
Billy Ware National Life Director | Trustee | 1 | $0 |
Bobby Knesal Municipal Utility Presiden | Trustee | 1 | $0 |
Brad Fountain Director | Trustee | 1 | $0 |
Brandon Carlisle Director | Trustee | 1 | $0 |
Cornel Clement Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $383,043 |
| Fundraising events | $35,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $450,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,893 |
| Total Program Service Revenue | $190,644 |
| Investment income | $17,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,668 |
| Net Rental Income | $14,663 |
| Net Gain/Loss on Asset Sales | $2,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,366 |
| 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. | $114,110 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,968 |
| Pension plan accruals and contributions | $14,320 |
| Other employee benefits | $0 |
| Payroll taxes | $28,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,369 |
| Fees for services: Other | $1,510 |
| Advertising and promotion | $155 |
| Office expenses | $41,006 |
| Information technology | $19,761 |
| Royalties | $0 |
| Occupancy | $89,847 |
| Travel | $75,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196,237 |
| Interest | $1,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,065 |
| Insurance | $58,176 |
| All other expenses | $0 |
| Total functional expenses | $1,032,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,839 |
| 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 | $11,632 |
| Net Land, buildings, and equipment | $431,542 |
| Investments—publicly traded securities | $498,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,455 |
| Total assets | $1,348,512 |
| Accounts payable and accrued expenses | $45,948 |
| Grants payable | $0 |
| Deferred revenue | $154,305 |
| 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 | $26,640 |
| Total liabilities | $226,893 |
| Net assets without donor restrictions | $586,174 |
| Net assets with donor restrictions | $535,445 |
| 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 | $1,348,512 |