Construction Industry Progress Fund Inc
- Assets
- $461.2k
- Revenue
- $314.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 92-0172151
Organization Overview
Construction Industry Progress Fund Inc is located in Anchorage, AK. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Construction Industry Progress Fund 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, Construction Industry Progress Fund Inc generated $314.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $306.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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
ADVANCE THE INTERESTS OF THE CONSTRUCTION INDUSTRY IN THE STATE OF ALASKA, THROUGH EDUCATION, COMMUNICATION AND PUBLIC RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROUGHT EDUCATIONAL PROGRAMS INTO SCHOOLS TO INFORM STUDENTS OF OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY.
PROMOTED AWARENESS OF OPPORTUNITIES FOR EMPLOYMENT IN THE INDUSTRY THROUGH A VARIETY OF MEDIA OUTLETS, INCLUDING TELEVISION ADVERTISING.
INFORMED THE PUBLIC OF POSITIVE CONTRIBUTIONS MADE BY THE CONSTRUCTION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Amberg Executive Director | Officer | 1 | $0 |
Jim Fergusson Chairman | OfficerTrustee | 1 | $0 |
Jesse Hale Vice Chair | OfficerTrustee | 1 | $0 |
Scott Hansen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robby Capps Director | Trustee | 1 | $0 |
Sarah Lefebvre Director | Trustee | 1 | $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 | $5,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,400 |
| Total Program Service Revenue | $303,791 |
| Investment income | $3,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,896 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,390 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,305 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,734 |
| Office expenses | $917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $305,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,004 |
| Savings and temporary cash investments | $459,308 |
| 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 | $868 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $461,180 |
| Accounts payable and accrued expenses | $24,207 |
| 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 | $0 |
| Total liabilities | $24,207 |
| Net assets without donor restrictions | $436,973 |
| 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 | $461,180 |
Grants Awarded
Over the last fiscal year, Construction Industry Progress Fund Inc has awarded $155,540 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED GENERAL CONTRACTORS OF ALASKA INC PURPOSE: PROMOTION OF CONSTRUCTION INDUSTRY | $148,040 |
ALASKA'S FUTURE PURPOSE: GENERAL ASSISTANCE | $7,500 |