Associated Builders & Contractors Of Iowa Trust
- Assets
- $7.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 40
- Location
- Grimes, IA
- Founding
- 12/1982
- Data as of
- 06/2024
- EIN
- 42-6339442
Organization Overview
Associated Builders & Contractors Of Iowa Trust is located in Grimes, IA. The organization was established in 1982. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. As of 06/2024, Associated Builders & Contractors Of Iowa Trust employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Builders & Contractors Of Iowa Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Associated Builders & Contractors Of Iowa Trust generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2024. 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
TO PROVIDE APPRENTICESHIP TRAINING TO CONTRACTORS AND THEIR EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE APPRENTICESHIP TRAINING TO CONTRACTORS AND THEIR EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Burden Trustee | Trustee | 2 | $0 |
Mike O'day Trustee | Trustee | 2 | $0 |
Bill Speth Trustee | Trustee | 2 | $0 |
Rusty Rohe Trustee | Trustee | 2 | $0 |
Dan Lewis Trustee | Trustee | 2 | $0 |
Chad Houston Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $752,325 |
| 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 | $752,325 |
| Total Program Service Revenue | $1,612,646 |
| Investment income | $96,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,815 |
| Net Gain/Loss on Asset Sales | $9,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,555,297 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,059 |
| Fees for services: Management | $659,478 |
| Fees for services: Legal | $472 |
| Fees for services: Accounting | $8,256 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,840 |
| Advertising and promotion | $0 |
| Office expenses | $38,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,546 |
| Travel | $40,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,826 |
| Interest | $20,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,227 |
| Insurance | $25,559 |
| All other expenses | $54,699 |
| Total functional expenses | $2,354,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,473 |
| Savings and temporary cash investments | $3,106,352 |
| Pledges and grants receivable | $752,325 |
| Accounts receivable, net | $2,474 |
| 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 | $3,952 |
| Net Land, buildings, and equipment | $2,802,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $363,866 |
| Other assets | $0 |
| Total assets | $7,116,168 |
| Accounts payable and accrued expenses | $195,103 |
| Grants payable | $0 |
| Deferred revenue | $1,744 |
| 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 | $374,226 |
| Total liabilities | $571,073 |
| Net assets without donor restrictions | $6,539,089 |
| Net assets with donor restrictions | $6,006 |
| 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 | $7,116,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fight Back Fund Countryside, IL | $1,012,970 | $5,337,945 |
Rise Academy Omaha, NE | $4,309,625 | $3,715,669 |
Associated Builders & Contractors Of Iowa Trust Grimes, IA | $7,116,168 | $2,555,297 |
Construction Industry Laborers Training Fund Belton, MO | $4,535,777 | $1,711,667 |
Union Parking Llc Chicago, IL | $35,962,187 | -$2,239,511 |
Ndc Entrepreneur Training Center St Paul, MN | $10,668,874 | $2,423,775 |
Springfield Workshop Foundation Inc Springfield, MO | $8,322,777 | $510,442 |
International Brotherhood Of Boilermakers Local No 83 Kansas City, MO | $401,204 | $494,424 |
Boilermakers Local Lodge 647 Building Corp Ramsey, MN | $1,356,637 | $194,926 |
New Day Employment Network Nfp Joliet, IL | $15,136 | $0 |
Make People Better Foundation Lincolnwood, IL | $183 | $0 |
Community Work Services Foundation Inc Madison, WI | $2,675,518 | $512,042 |
Mothers Need Work Temp Service Chicago, IL | $41,588 | $101 |