Associated Builders And Contractors Inc
- Assets
- $718.2k
- Revenue
- $350.6k
- Investments
- $0.0
- Employees
- 26
- Location
- Hagerstown, MD
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 52-0801915
Organization Overview
Associated Builders And Contractors Inc is located in Hagerstown, 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 And Contractors Inc employed 26 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 $350.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $409.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 4 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
AN ORGANIZATION THAT PROMOTES FREE ENTERPRISE AND PROVIDES SUPERIOR PROGRAMS AND SERVICES TO GIVE ITS MEMBERS A COMPETITIVE ADVANTAGE WHILE PROTECTING THE SAFETY OF THEIR EMPLOYEES AND ADDING VALUE TO THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER MEETINGS EVENTS - PROVIDE MEMBERSHIP AN OPPORTUNITY TO MEET AND DISCUSS DEVELOPMENTS WITHIN THE INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amos A Mccoy President CEO | Officer | 30 | $93,846 |
Brooke Wenger Past-Chair | OfficerTrustee | 1.5 | $0 |
Herb Sandifer Chair | OfficerTrustee | 3 | $0 |
Del Carden Secretary | OfficerTrustee | 1.5 | $0 |
Denver Martin Treasurer | OfficerTrustee | 1.5 | $0 |
Bradley A Reynolds Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $221,730 |
| 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 | $221,730 |
| Total Program Service Revenue | $14,055 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,199 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $121 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,638 |
| 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. | $89,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,034 |
| Pension plan accruals and contributions | $5,871 |
| Other employee benefits | $26,825 |
| Payroll taxes | $6,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,960 |
| Fees for services: Lobbying | $8,503 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,663 |
| Advertising and promotion | $3,421 |
| Office expenses | $9,771 |
| Information technology | $11,517 |
| Royalties | $0 |
| Occupancy | $12,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,361 |
| Interest | $4,812 |
| Payments to affiliates | $65,574 |
| Depreciation, depletion, and amortization | $31,149 |
| Insurance | $23,149 |
| All other expenses | $7,287 |
| Total functional expenses | $409,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,694 |
| Savings and temporary cash investments | $51,301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,027 |
| 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 | $26,549 |
| Net Land, buildings, and equipment | $382,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,677 |
| Other assets | $166,773 |
| Total assets | $718,153 |
| Accounts payable and accrued expenses | $20,530 |
| Grants payable | $0 |
| Deferred revenue | $180,223 |
| 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 | $654,871 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $855,624 |
| Net assets without donor restrictions | -$140,426 |
| Net assets with donor restrictions | $2,955 |
| 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 | $718,153 |