Associated Minority Contractors Of Arizona
- Assets
- $202.2k
- Revenue
- $374.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Phoenix, AZ
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 86-0991388
Organization Overview
Associated Minority Contractors Of Arizona is located in Phoenix, AZ. The organization was established in 2001. 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 Minority Contractors Of Arizona employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Minority Contractors Of Arizona 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 Minority Contractors Of Arizona generated $374.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $272.5k during the year ending 12/2022. While expenses have increased by 5.6% 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
INITIATE, ENCOURAGE, AND ASSIST IN THE FORMATION OF AN EDUCATIONAL INSTITUTE FOR MINORITY AND WOMEN-OWNED CONSTRUCTION CONTRACTORS; INITIATE AND OPERATE TRAINING PROGRAMS FOR PERSONS DESIRING EMPLOYMENT IN THE BUILDING TRADES IN ORDER TO ASSURE EQUAL OPPORTUNITY IN THIS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL PROGRAM EXPENSES
THE AMCA CONDUCTS SEMINARS AND WORKSHOPS THROUGHOUT THE YEAR WITH THE GOAL OF INCREASING THE NUMBER OF MINORITY-OWNED FIRMS PARTICIPATING IN THE CONSTRUCTION MARKETPLACE. THESE COURSES TRAIN THE MINORITY CONTRACTOR TO BETTER COMPETE AND PERFORM IN THE PUBLIC AND PRIVATE SECTORS. SEMINARS AND WORKSHOPS ARE PROVIDED AT A SUBSTANTIALLY-REDUCED REGISTRATION FEE WHILE MAINTAINING A HIGH LEVEL OF QUALITY AND COMPETENCE. COURSES ARE TAILORED IN BOTH CONTENT AND INSTRUCTORS, TO ADDRESS ISSUES OF CONCERN TO THE MINORITY CONSTRUCTION FIRM. IN MANY CASES, A CERTIFICATE OF COMPLETION FROM AN AMCA COURSE WILL OPEN THE DOORS TO PREVIOUSLY INACCESSIBLE MARKETS BY ESTABLISHING ELIGIBILITY TO BID IN CERTAIN FIELDS.
THE AMCA PROMOTES ITS MEMBERS AND THEIR CAPABILITIES THROUGH NETWORKING OPPORTUNITIES WHICH PROVIDE TIMELY INFORMATION TO MINORITY CONTRACTORS, PROCUREMENT OFFICIALS, AND OTHERS IN THE GOVERNMENT AND PRIVATE SECTOR WHO ADDRESS THE NEEDS OF MINORITY CONTRACTORS AND CAN ASSIST IN THEIR BUSINESS DEVELOPMENT. THE ORGANIZATION DISTRIBUTES WEEKLY PROCUREMENT BULLETINS, INVITATION TO BID BULLETINS, INFORMATION BULLETINS, QUARTERLY NEWSLETTERS AND LEGISLATIVE BULLETINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Carlo President | OfficerTrustee | 50 | $123,000 |
Jim Quinn Immediate Pa | OfficerTrustee | 2 | $0 |
Sherri Hill Treasurer | OfficerTrustee | 2 | $0 |
Ross Dietrich Vice Chair | Trustee | 2 | $0 |
Sharon Hamilton Director | Trustee | 2 | $0 |
Patti Olds Board Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100,897 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,066 |
| Total Program Service Revenue | $119,722 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,262 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,050 |
| 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. | $123,000 |
| Compensation of current officers, directors, key employees. | $123,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,089 |
| Advertising and promotion | $0 |
| Office expenses | $2,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,055 |
| Travel | $6,471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,877 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26 |
| Insurance | $3,295 |
| All other expenses | $13,688 |
| Total functional expenses | $272,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $986 |
| Total assets | $202,183 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,542 |
| Total liabilities | $20,542 |
| Net assets without donor restrictions | $123,857 |
| Net assets with donor restrictions | $57,784 |
| 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 | $202,183 |
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|---|---|---|
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Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
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