Cement League Advancement & Promotion Fund
- Assets
- $13.2m
- Revenue
- $781.0k
- Investments
- $12.6m
- Employees
- 4
- Location
- New York, NY
- Founding
- 02/1982
- Data as of
- 06/2024
- EIN
- 13-3096060
Organization Overview
Cement League Advancement & Promotion Fund is located in New York, NY. The organization was established in 1982. 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 06/2024, Cement League Advancement & Promotion Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cement League Advancement & Promotion Fund 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 06/2024, Cement League Advancement & Promotion Fund generated $781.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE USE AND ADVANCEMENT OF THE CONCRETE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE USE AND ADVANCEMENT OF THE CONCRETE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Salgo Director | OfficerTrustee | 34 | $501,500 |
Kevin O'brien Director | OfficerTrustee | 34 | $229,616 |
Joseph Mitrione Trustee ( Refer To Schedul | Trustee | 4 | $0 |
Thomas Costigan Trustee | Trustee | 4 | $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 | $493,464 |
| Investment income | $292,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $780,997 |
| 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. | $756,952 |
| Compensation of current officers, directors, key employees. | $378,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,289 |
| Pension plan accruals and contributions | $21,295 |
| Other employee benefits | $0 |
| Payroll taxes | $36,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,381 |
| Fees for services: Accounting | $54,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,589 |
| Advertising and promotion | $19,500 |
| Office expenses | $4,581 |
| Information technology | $6,799 |
| Royalties | $0 |
| Occupancy | $83,233 |
| Travel | $2,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,731 |
| Interest | $73 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,956 |
| Insurance | $4,762 |
| All other expenses | $0 |
| Total functional expenses | $1,221,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,155 |
| Savings and temporary cash investments | $94,218 |
| 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 | $339,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,597,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,439 |
| Total assets | $13,164,247 |
| Accounts payable and accrued expenses | $122,491 |
| 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 | $122,491 |
| Net assets without donor restrictions | $13,041,756 |
| 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 | $13,164,247 |