Associated Builders And Contractors Inc is located in North Little Rock, AR. 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 12/2022, Associated Builders And Contractors Inc employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders And 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 12/2022, Associated Builders And Contractors Inc generated $940.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $911.0k during the year ending 12/2022. While expenses have increased by 5.8% 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
TO PROMOTE BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NUMEROUS PROGRAMS AND SPEAKERS ON A WIDE VARIETY OF TOPICS OF INTEREST IN THE CONSTRUCTION INDUSTRY INCLUDING LABOR ISSUES, MANAGEMENT, BUSINESS DEVELOPMENT, EMPLOYEE TRAINING, SAFETY CONCERNS, AND FINANCIAL PLANNING.
TO PROVIDE A MAGAZINE FOR ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bill Roachell Executive Di | $133,000 | ||
Jonathan Adams Board Member | Trustee | $0 | |
Mark Barnett Treasurer | Trustee | $0 | |
Matt Cashion Board Member | Trustee | $0 | |
J Bruce Cross Board Member | Trustee | $0 | |
Jason Eldredge Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $559,521 |
Fundraising events | $40,850 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $22,897 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $623,268 |
Total Program Service Revenue | $289,513 |
Investment income | $15 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $27,245 |
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 | $940,041 |
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. | $133,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $68,532 |
Pension plan accruals and contributions | $11,202 |
Other employee benefits | $19,338 |
Payroll taxes | $22,217 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $35,580 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $25,204 |
Travel | $44,237 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $52,442 |
Interest | $53,096 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $59,389 |
Insurance | $8,144 |
All other expenses | $34,738 |
Total functional expenses | $911,044 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $398,432 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $36,029 |
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 | $135,299 |
Net Land, buildings, and equipment | $1,206,794 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $12,806 |
Other assets | $11,171 |
Total assets | $1,800,531 |
Accounts payable and accrued expenses | $7,091 |
Grants payable | $0 |
Deferred revenue | $538,164 |
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 | $992,176 |
Total liabilities | $1,537,431 |
Net assets without donor restrictions | $263,100 |
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 | $1,800,531 |