Associated Builders And Contractors Inc is located in Woburn, MA. The organization was established in 1969. 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 06/2021, Associated Builders And Contractors Inc employed 15 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 06/2021, Associated Builders And Contractors Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AN ENVIRONMENT THAT ENSURES MEMBERS AND THEIR EMPLOYEES HAVE THE ABILITY TO GROW AND PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICE INCLUDES MANAGEMENT EDUCATION MANPOWER, TRAINING, GROUP RATES ON HEALTH AND OTHER INSURANCE, LEGAL ASSISTANCE, DIRECT LOBBYING, DISSEMINATION OF INFORMATION AND BUSINESS DEVELOPMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregory Beeman Executive Director | Officer | 40 | $117,212 |
Karl Hudson Director | Officer | 0 | $0 |
Joe Camilo Immediate Past Chairman | Officer | 0 | $0 |
Joseph E Mahoney Jr Treasurer | Officer | 0 | $0 |
Kyle Reagan Chairman | Officer | 0 | $0 |
John Cruz First Vice Chairman | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,167,490 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $27,996 |
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 | $1,195,486 |
Total Program Service Revenue | $154,777 |
Investment income | $184,209 |
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 | $1,563,599 |
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. | $117,212 |
Compensation of current officers, directors, key employees. | $11,721 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $418,468 |
Pension plan accruals and contributions | $18,677 |
Other employee benefits | $0 |
Payroll taxes | $89,927 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $156,303 |
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 | $36,909 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $65,659 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $121,474 |
Interest | $6,871 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,296 |
Insurance | $0 |
All other expenses | $45,838 |
Total functional expenses | $1,460,391 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $259,467 |
Savings and temporary cash investments | $1,057,670 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $36,787 |
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 | $174,803 |
Net Land, buildings, and equipment | $21,104 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,549,831 |
Accounts payable and accrued expenses | $158,868 |
Grants payable | $0 |
Deferred revenue | $617,426 |
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 | $228,643 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,004,937 |
Net assets without donor restrictions | $544,894 |
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 | $1,549,831 |
Over the last fiscal year, we have identified 1 grants that Associated Builders And Contractors Inc has recieved totaling $48,436.
Awarding Organization | Amount |
---|---|
Metro North Regional Employment Board Cambridge, MA PURPOSE: JOB TRAINING & PLACE | $48,436 |
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American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
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Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
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Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |