Associated Builders And Contractors Inc

Organization Overview

Associated Builders And Contractors Inc is located in Springfield, IL. The organization was established in 1964. 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 Builders And Contractors Inc employed 28 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 12/2022, Associated Builders And Contractors Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 8.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THE MERIT SHOP PHILOSOPHY AND TO PROVIDE BUILDING INDUSTRY TRAINING TO MEMBERS AND NON-MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION CLASSES PROVIDE INDUSTRY TRAINING IN THE BUILDING TRADES. SEMINARS ARE ALSO OFFERED TO FURTHER THE MERIT SHOP PHILOSOPHY.


PROVIDE MEMBERSHIP DEVELOPMENT THROUGH PUBLIC RELATIONS, MONTHLY NEWSLETTERS, AND SPONSORING EDUCATIONAL COURSES.


MONTHLY MEETINGS PROVIDE A FORUM TO FURTHER THE MERIT SHOP PHILOSOPHY AND ALLOW MEMBERS TO SHARE IDEAS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$537,346
Fundraising events$0
Related organizations$0
Government grants $122,785
All other contributions, gifts, grants, and similar amounts not included above$162,965
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$823,096
Total Program Service Revenue$1,007,434
Investment income $65
Tax Exempt Bond Proceeds $0
Royalties $1,900
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $15,252
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,969,386

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Associated Builders And Contractors Inc has recieved totaling $7,000.

Awarding OrganizationAmount
Associated Builders & Contractors Inc

Washington, DC

PURPOSE: GENERAL SUPPORT

$7,000
View Grant Recipient Profile

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