Construction Industry Advancement Fund Of Southern California
- Assets
- $288.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- 08/1973
- Data as of
- 12/2023
- EIN
- 95-2795418
Organization Overview
Construction Industry Advancement Fund Of Southern California is located in Covina, CA. The organization was established in 1973. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Construction Industry Advancement Fund Of Southern California 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, Construction Industry Advancement Fund Of Southern California generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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.
Since 2015, Construction Industry Advancement Fund Of Southern California has awarded 151 individual grants totaling $9,184,769. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, 22 GRANTS WERE AWARDED TO PERSONS WHO UNDERTOOK PROJECTS, AMONG OTHERS, TO STUDY THE BUILDING CODES, REGULATIONS AND LAWS AFFECTING THE CONSTRUCTION INDUSTRY, TO RECOMMEND IMPROVEMENTS AND TO UPGRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Angus Chairman | Trustee | 1 | $0 |
Dave Sorem Vice Chair | Trustee | 1 | $0 |
Donald Pim Treasurer | Trustee | 1 | $0 |
Vince Gutierrez Trustee | Trustee | 1 | $0 |
Richard Honore Trustee | Trustee | 1 | $0 |
Louis Fisher III Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,107,225 |
| Investment income | $5,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,112,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,154,049 |
| 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 | $58,430 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,560 |
| Advertising and promotion | $0 |
| Office expenses | $3,236 |
| 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 | $1,039 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,456 |
| All other expenses | $1,396 |
| Total functional expenses | $1,231,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,191 |
| Savings and temporary cash investments | $178,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,017 |
| 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 | $1,629 |
| 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 | $288,218 |
| Accounts payable and accrued expenses | $17,418 |
| 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 | $17,418 |
| Net assets without donor restrictions | $270,800 |
| 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 | $288,218 |
Grants Awarded
Over the last fiscal year, Construction Industry Advancement Fund Of Southern California has awarded $1,143,911 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AGC CONSTRUCTION EDUCATION FOUNDATION PURPOSE: EDUCATION | $205,954 |
AGC LEGISLATIVE PROGRAM PURPOSE: LEGAL | $263,549 |
AGC THE ROAD INFORMATION PROGRAM PURPOSE: INFORMATION | $15,000 |
BUILDING INDUSTRY LEGAL DEFENSE FOUNDATION PURPOSE: LEGAL | $167,514 |
CONSTRUCTION INDUSTRY AIR QUALITY COALITION PURPOSE: RESEARCH | $58,236 |
CONSTRUCTION INDUSTRY FORCE ACCOUNT COUNCIL PURPOSE: RESEARCH | $80,500 |