Foundation For Fair Contracting
- Assets
- $6.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Sacramento, CA
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 68-0075017
Organization Overview
Foundation For Fair Contracting is located in Sacramento, CA. The organization was established in 1987. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Foundation For Fair Contracting employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Fair Contracting is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Foundation For Fair Contracting generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE & PROTECT PREVAILING WAGE LAWS BY MONITORING, EDUCATING, TRAINING, & SUPPORTING THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Jimenez Executive Director | Officer | 40 | $170,267 |
Arturo Sainz Field Agent | 40 | $145,001 | |
Mario Rodriguez Field Representative | 40 | $141,908 | |
Cory Allbritton Field Representative | 40 | $140,525 | |
Darbi Griffin Director Of Operations | Officer | 40 | $156,769 |
Eric Angstadt Director | Trustee | 0.5 | $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 | $3,113,086 |
| Investment income | $27,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,156,100 |
| 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. | $442,563 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $873,630 |
| Pension plan accruals and contributions | $473,363 |
| Other employee benefits | $164,338 |
| Payroll taxes | $102,650 |
| Fees for services: Management | $32,081 |
| Fees for services: Legal | $9,572 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,050 |
| Advertising and promotion | $17,437 |
| Office expenses | $64,830 |
| Information technology | $8,612 |
| Royalties | $0 |
| Occupancy | $56,216 |
| Travel | $78,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,823 |
| Insurance | $22,528 |
| All other expenses | $5,267 |
| Total functional expenses | $2,485,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,491 |
| Savings and temporary cash investments | $4,208,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $563,227 |
| 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 | $36,328 |
| Net Land, buildings, and equipment | $194,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,293 |
| Total assets | $6,324,721 |
| Accounts payable and accrued expenses | $88,780 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $100,750 |
| Total liabilities | $189,530 |
| Net assets without donor restrictions | $0 |
| 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 | $6,135,191 |
| Total liabilities and net assets/fund balances | $6,324,721 |