Concrete Advancement Foundation Inc

Organization Overview

Concrete Advancement Foundation Inc is located in Alexandria, VA. The organization was established in 1990. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concrete Advancement Foundation Inc 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 12/2023, Concrete Advancement Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS DEDICATED TO ENHANCING AND STRENGTHENING THE CONCRETE INDUSTRY THROUGH INDEPENDENT RESEARCH AND QUALITY EDUCATION PROGRAMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASSACHUSETTS INSTITUTE OF TECHNOLOGY CONCRETE SUSTAINABILITY HUB (MIT CSHUB):THE MIT CSHUB BRINGS TOGETHER LEADERS FROM ACADEMIA, INDUSTRY, AND GOVERNMENT TO DEVELOP BREAKTHROUGHS USING A HOLISTIC APPROACH THAT WILL ACHIEVE DURABLE AND SUSTAINABLE HOMES, BUILDINGS, AND INFRASTRUCTURE IN EVER MORE DEMANDING ENVIRONMENTS.THE MISSION OF THE CSHUB IS TO DEVELOP BREAKTHROUGHS THAT WILL ACHIEVE SUSTAINABLE AND DURABLE HOMES, BUILDINGS, AND INFRASTRUCTURE. THIS IS APPROACHED BY CONDUCTING RESEARCH TO REDUCE THE IMPACT OF PRODUCING AND USING CONCRETE, AND TO DEVELOP TOOLS TO SUPPORT INFRASTRUCTURE DECISIONS: LIFE-CYCLE ENVIRONMENTAL, COST, AND HAZARD RESISTANCE.RESEARCH AT THE MIT CSHUB HAS BEEN ORGANIZED AROUND THREE FOCUS AREAS: CONCRETE MATERIALS SCIENCE, BUILDING TECHNOLOGY AND THE ECONOMETRICS OF SUSTAINABLE DEVELOPMENT.


NRMCA -THE OBJECTIVE OF THIS STUDY WAS TO INVESTIGATE OPTIMIZATION OF REBAR AREA AND SPACING IN REINFORCED CONCRETE WALLS, INCLUDING ICF WALLS COMMONLY USED IN LOW- AND MID-RISE CONSTRUCTION. THIS CAN INCREASE THE SUSTAINABILITY OF CONSTRUCITON BY USING LESS MATERIAL.


THE SKATE4CONCRETE PROJECT INCLUDES DEVELOPMENT OF VIDEOS EDUCATING YOUNG PEOPLE ABOUT CONCRETE AND SKATEPARKS, RESOURCES FOR LEARNING MORE ABOUT CAREERS IN CONCRETE AND THE DEVELOPMENT OF A HIGH SCHOOL LEVEL CONCRETE CERTIFICATION RECOGNIZED BY THE CONCRETE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Garbini
Executive Dir.
$287,310
Jennifer Lefevre
Program Director
$139,936
Christopher Schenone
Trustee
$0
Rodney Grogan
Trustee
$0
Tim Becken
Trustee
$0
Scott Parson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$634,834
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$634,834
Total Program Service Revenue$0
Investment income $391,479
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,529,086
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,555,399

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