Associated Builders & Contractors Inc
- Assets
- $293.5k
- Revenue
- $830.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Lansing, MI
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 38-1803328
Organization Overview
Associated Builders & Contractors Inc is located in Lansing, MI. 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 & Contractors Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders & 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 & Contractors Inc generated $830.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $823.6k during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS: THE ASSOCIATION PRODUCES A QUARTERLY PUBLICATION, AN ANNUAL MEMBERSHIP DIRECTORY AND A BI-MONTHLY E-NEWSLETTER THAT IS DISTRIBUTED TO THE FULL MEMBERSHIP IN MICHIGAN FOR THE PURPOSE OF EDUCATING THEM ON POLICIES AND REGULATONS AFFECTING, THE MERIT SHOP, PROVIDING NEW INDUSTRY INFORMATION, ADDRESSING INDUSTRY BEST PRACTICES AND SHARING INFORMATION FROM ONE CHAPTER TO ANOTHER TO CREATE GREATER UNITY IN THE STATE.
LEGISLATIVE CONFERENCE: THE ASSOCIATION BRINGS TOGETHER THE STATEWIDE MEMBERSHIP, ONCE A YEAR, IN LANSING TO MEET WITH OUR STATE LEGISLATATORS AND DISCUSS WITH THEM THE ISSUES THAT FACE OUR INDUSTRY HERE IN MICHIGAN. IT IS A VALUABLE DAY FOR OUR MEMBERS AS THEY HAVE THE EAR OF THEIR LEGISLATOR AND FOR THE LEGISLATORS AS THEY GET EDUCATED FROM THEIR CONSTITUENTS ON THEIR ISSUES AND WHAT THEY WOULD LIKE TO SEE DONE AT THE STATE LEVEL.
GOVERNMENT AFFAIRS: OUR PRIMARY FOCUS AT THE STATE OFFICE IS TO REPRESENT OUR MEMBERS WITH OUR STATE LEADERSHIP. WE WORK TO BUILD GOOD RAPPORT WITH OUR ELECTED OFFICIALS BY PROVIDING THEM WITH EDUCATION AND INFORMATION TO ASSIST THEM IN DOING THEIR JOBS. WE PARTNER WITH OTHER STATE ASSOCIATIONS WHOSE MEMBERS HAVE SIMILAR NEEDS TO ACHIEVE SYNERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Merlo Director | Trustee | 1 | $0 |
Ken Misiewicz Secretary/treasurer | OfficerTrustee | 2 | $0 |
Chris Beckering Director | Trustee | 1 | $0 |
Brian Stadler Director | Trustee | 1 | $0 |
Pat Cebelak Vice Chair | OfficerTrustee | 2 | $0 |
Thomas Vitale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $221,872 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,572 |
| Total Program Service Revenue | $2,300 |
| Investment income | $2,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $307,268 |
| 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 | $830,705 |
| 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. | $134,384 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,464 |
| Pension plan accruals and contributions | $12,224 |
| Other employee benefits | $41,967 |
| Payroll taxes | $17,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,499 |
| Fees for services: Accounting | $12,525 |
| Fees for services: Lobbying | $80,110 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,441 |
| Advertising and promotion | $1,962 |
| Office expenses | $3,674 |
| Information technology | $3,766 |
| Royalties | $0 |
| Occupancy | $19,721 |
| Travel | $7,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,910 |
| All other expenses | $291,322 |
| Total functional expenses | $823,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,721 |
| Savings and temporary cash investments | $69,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,350 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $122,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,482 |
| Accounts payable and accrued expenses | $4,003 |
| Grants payable | $0 |
| Deferred revenue | $25,329 |
| 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 | $4,404 |
| Total liabilities | $33,736 |
| Net assets without donor restrictions | $0 |
| 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 | $259,746 |
| Total liabilities and net assets/fund balances | $293,482 |