Associated Builders And Contractors Inc
- Assets
- $5.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Beltsville, MD
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 52-0787469
Organization Overview
Associated Builders And Contractors Inc is located in Beltsville, MD. The organization was established in 1964. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Associated Builders And Contractors Inc employed 14 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 12/2021, Associated Builders And Contractors Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ABC'S MISSION IS TO PROTECT AND ENHANCE THE MERIT SHOP PHILOSOPHY WITHIN THE CONSTRUCTION INDUSTRY, TO SPEAK FOR THE INDUSTRY TO THE PUBLIC, AND TO ENGAGE MEMBERS TO SUCCEED IN A CHALLENGING MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT AFFAIRS - ACTIVITIES INCLUDE THE FOLLOWING: ENCOURAGE, DEVELOP AND PROTECT THE BUILDING AND CONSTRUCTION INDUSTRY. PROMOTE CONFIDENCE AND GOODWILL WITHIN THE BUILDING AND CONSTRUCTION INDUSTRY AND BETWEEN THIS INDUSTRY AND THE GENERAL PUBLIC. PROVIDE LEGISLATIVE ACTIVITIES UPDATES. PERPETUATE AND DEFEND THE FREE ENTERPRISE SYSTEM AND MERIT SHOP PHILOSOPHY BY PARTICIPATING IN THE DEMOCRATIC PROCESS. PROMOTE FOR MUTUAL BENEFIT MAJORITY, WOMEN AND MINORITY MEMBERS.
MEETINGS AND SPECIAL EVENTS - ACTIVITIES INCLUDE THE FOLLOWING: ORGANIZE AND PROMOTE MEETINGS, SEMINARS, CONFERENCES, PUBLICATIONS AND OTHER MEDIA OF ALL KINDS IN ORDER TO MAINTAIN A WELL-INFORMED INDUSTRY AND GENERAL PUBLIC. ORGANIZE MEETINGS AND EVENTS FOR BUILDERS, GENERAL CONTRACTORS, SPECIALTY CONTRACTORS, SUPPLIERS, AND RELATED GROUPS OF ALL KINDS IN ORDER TO ENCOURAGE THE FREE INTERCHANGE OF VIEWS AND TECHNIQUES AND TO FACILITATE THE ACCOMPLISHMENT OF THE PRIMARY OBJECTIVE OF THE ASSOCIATION. PROMOTE OTHER ACTIVITIES AND SERVICES THAT BENEFIT THE MEMBERSHIP, FURTHER THE OBJECTIVES OF ABC, AND PROMOTE THE PRINCIPLES OF THE MERIT SHOP, OPEN COMPETITION AND FREE ENTERPRISE. COMMUNICATE THE SERVICES AND BENEFITS OF MEMBERSHIP AND ENCOURAGE MEMBER PARTICIPATION AND INVOLVEMENT IN THE ASSOCIATION.
EDUCATION AND TRAINING - ACTIVITIES INCLUDE THE FOLLOWING: PROMOTE AND ENCOURAGE CONTINUING EDUCATION, AND OTHER TRAINING PROGRAMS FOR MANAGEMENT WITHIN THE CONSTRUCTION INDUSTRY. PROMOTE SAFETY AND TRAINING WITHIN THE CONSTRUCTION INDUSTRY. PROVIDE EXCELLENCE IN CONSTRUCTION AWARDS ON AN ANNUAL BASIS TO RECOGNIZE AND CELEBRATE OUTSTANDING PROJECTS BUILT BY WASHINGTON AREA ABC MEMBERS. PROVIDE CHAPTER SAFETY AWARDS WHICH RECOGNIZE COMPANIES FOR THEIR MERITORIOUS SAFETY PERFORMANCE EACH YEAR. ABC'S ACCREDITED QUALITY CONTRACTOR PROGRAM PUBLICLY RECOGNIZES AND HONORS THOSE CONSTRUCTION FIRMS THAT HAVE UNDERGONE A RIGOROUS PROCESS TO DOCUMENT THEIR COMMITMENT IN TRAINING, COMMUNITY RELATIONS, EMPLOYEE BENEFITS, AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Livingston President (through 12/1/22) | OfficerTrustee | 42.2 | $278,355 |
Marcus Jackson Government Affairs Director | 39.1 | $117,043 | |
Claire Callas Membership Director/vp | 39.8 | $114,940 | |
Martha Patterson Marketing Director | 36.7 | $97,867 | |
Bonnie Speedy Ctt Director Of Education | 7 | $18,148 | |
Dan Bond President (starting 12/1/22) | OfficerTrustee | 45.9 | $14,758 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,375 |
| Related organizations | $0 |
| Government grants | $158,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,642 |
| Total Program Service Revenue | $1,578,868 |
| Investment income | $96,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,194 |
| Net Gain/Loss on Asset Sales | $5,619 |
| Net Income from Fundraising Events | $37,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,375,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,675 |
| 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. | $323,389 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $649,450 |
| Pension plan accruals and contributions | $35,722 |
| Other employee benefits | $62,677 |
| Payroll taxes | $65,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $16,915 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,656 |
| Fees for services: Other | $118,399 |
| Advertising and promotion | $13,427 |
| Office expenses | $91,899 |
| Information technology | $33,870 |
| Royalties | $0 |
| Occupancy | $222,577 |
| Travel | $11,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,122 |
| Interest | $14,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,362 |
| Insurance | $20,131 |
| All other expenses | $17,060 |
| Total functional expenses | $2,189,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,140 |
| Savings and temporary cash investments | $50,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,974 |
| 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 | $100,039 |
| Net Land, buildings, and equipment | $225,151 |
| Investments—publicly traded securities | $4,609,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,486 |
| Total assets | $5,857,109 |
| Accounts payable and accrued expenses | $106,546 |
| Grants payable | $0 |
| Deferred revenue | $1,103,921 |
| 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 | $245,446 |
| Total liabilities | $1,455,913 |
| Net assets without donor restrictions | $4,401,196 |
| 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 | $5,857,109 |
Grants Awarded
Over the last fiscal year, Associated Builders And Contractors Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT OF THE FREE ENTERPRISE ALLIANCE | $10,000 |
Rockville, MD PURPOSE: SPONSORSHIP OF MONTGOMERY COUNTY BUSINESS ROUNDTABLE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Builders And Contractors Inc has recieved totaling $443,053.
| Awarding Organization | Amount |
|---|---|
Job Opportunities Task Force Inc Baltimore, MD PURPOSE: JUMPSTART PARTICIPATION | $443,053 |