Associated Builders & Contractors Inc
- Assets
- $3.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Baltimore, MD
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 52-0786957
Organization Overview
Associated Builders & Contractors Inc is located in Baltimore, MD. 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 23 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 $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PERPETUATE THE PRINCIPLES OF THE MERIT SHOP IN THE BALTIMORE METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DEVELOPMENT AND SOCIAL FUNCTIONS, PROVIDE SUPERIOR PROGRAMSAND SERVICES TO GIVE 647 MEMBER COMPANIES A COMPETITIVE ADVANTAGE TO ADD VALUETO THE INDUSTRY'S CLIENTS, AND TO ENHANCE THE LIVES OF THE INDUSTRY'SEMPLOYEES.
CRAFT TRAINING AND GIMA - PROVIDES MANAGEMENT SERVICES FOR A RELATEDORGANIZATION THAT PROVIDES TRAINING TO APPROXIMATELY 500 INDIVIDUALS INORDER TO EXPAND THEIR KNOWLEDGE OF THE CONSTRUCTION INDUSTRY.
PROJECT JUMPSTART - TO PROVIDE EDUCATION AND TRAINING TO DISADVANTAGEDINDIVIDUALS TO ENABLE THEM TO GAIN ADMISSION INTO THE APPRENTICESHIPPROGRAM AND ULTIMATELY TO GAIN EMPLOYMENT IN THE CONSTRUCTION FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vic Victoriano Ex Officio | OfficerTrustee | 2 | $0 |
Ted Jasinski AIA Chair | OfficerTrustee | 1 | $0 |
Ronnie Brouillard Director | Trustee | 0.5 | $0 |
Rick Scheetz Director | Trustee | 0.5 | $0 |
Patrick Huang Director | Trustee | 0.5 | $0 |
Mark Mcdaniel Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $911,123 |
| 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 | $911,123 |
| Total Program Service Revenue | $872,280 |
| Investment income | $25,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,204,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,800 |
| Grants and other assistance to domestic individuals. | $33,614 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $451,935 |
| Compensation of current officers, directors, key employees. | $59,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,810 |
| Payroll taxes | $77,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $57,920 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,659 |
| Advertising and promotion | $96,820 |
| Office expenses | $60,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,727 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,258 |
| Insurance | $30,781 |
| All other expenses | $122,060 |
| Total functional expenses | $2,142,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $940,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $324,630 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,929 |
| Net Land, buildings, and equipment | $556,323 |
| Investments—publicly traded securities | $1,080,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,999 |
| Total assets | $3,293,097 |
| Accounts payable and accrued expenses | $281,558 |
| Grants payable | $0 |
| Deferred revenue | $733,621 |
| 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 | $283,921 |
| Total liabilities | $1,299,100 |
| Net assets without donor restrictions | $1,993,997 |
| 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 | $3,293,097 |
Grants Awarded
Over the last fiscal year, Associated Builders & Contractors Inc has awarded $58,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BON SECOURS COMMUNITY WORKS PURPOSE: COMMUNITY PARTNER UNDER MOED AGREEMENT | $17,770 |
LIVING CLASSROOMS FOUNDATION PURPOSE: COMMUNITY PARTNER UNDER MOED AGREEMENT | $41,030 |