Associated Builders & Contractors Inc
- Assets
- $5.6m
- Revenue
- $2.2m
- Investments
- $166.5k
- Employees
- 77
- Location
- Coconut Creek, FL
- Founding
- 07/1969
- Data as of
- 12/2022
- EIN
- 59-1216595
Organization Overview
Associated Builders & Contractors Inc, operating under the name Abc - Fl East Coast, is located in Coconut Creek, FL. The organization was established in 1969. 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, Abc - FL East Coast employed 77 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Abc - FL East Coast 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, Abc - FL East Coast generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ABC PROVIDES A UNIFIED VOICE FOR THE CONSTRUCTION INDUSTRY, UTILIZING THE MERIT SHOP PHILOSOPHY TO DELIVER PROFITABLE WORK SAFELY AND ETHICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - COSTS FOR THE DEVELOPMENT AND IMPLEMENTATION OF THE GOALS OF THE ORGANIZATION INCLUDING THE ESTABLISHMENT OF A BODY RECOGNIZED BY THE MEMBERS OF CONSTRUCTION INDUSTRY AS A CLEARINGHOUSE FOR THE ACCUMULATION AND ARTICULATION OF CONSTRUCTION STANDARDS, TRENDS IN TECHNICAL STANDARDS AND NEW METHODS OF CONSTRUCTION.
TO PROMOTE CONSTRUCTION INDUSTRY
GENERAL CHAPTER MEETINGS - COSTS ASSOCIATED WITH CARRYING OUT MONTHLY MEMBERSHIP MEETINGS WHEREBY GENERAL MEMBERSHIP PARTICIPATES IN AND COMMUNICATES TRENDS AND ISSUES IN THE CONSTRUCTION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Dyga President & | OfficerTrustee | 20 | $221,354 |
David Aiken Director | Trustee | 1 | $0 |
Brett Atkinson Director | OfficerTrustee | 1 | $0 |
Paul Bessell Director | Trustee | 1 | $0 |
Patricia Bonilla Ex-Officio | OfficerTrustee | 1 | $0 |
Ruben Bravo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $554,699 |
| 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 | $554,699 |
| Total Program Service Revenue | $253,266 |
| Investment income | $50,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $249,101 |
| Net Gain/Loss on Asset Sales | -$68,658 |
| Net Income from Fundraising Events | $93,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,058,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,212,663 |
| 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 | $499,103 |
| Pension plan accruals and contributions | $56,274 |
| Other employee benefits | $0 |
| Payroll taxes | $140,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,500 |
| Fees for services: Lobbying | $275,085 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,038 |
| Advertising and promotion | $72,099 |
| Office expenses | $141,629 |
| Information technology | $55,241 |
| Royalties | $0 |
| Occupancy | $44,689 |
| Travel | $509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,307 |
| Insurance | $82,859 |
| All other expenses | $91,781 |
| Total functional expenses | $2,288,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,435,028 |
| Savings and temporary cash investments | $1,968,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,491 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $61,458 |
| Inventories for sale or use | $484,779 |
| Prepaid expenses and deferred charges | $74,381 |
| Net Land, buildings, and equipment | $1,262,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $166,463 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,565,307 |
| Accounts payable and accrued expenses | $496,388 |
| Grants payable | $0 |
| Deferred revenue | $495,449 |
| 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 | $61,752 |
| Total liabilities | $1,053,589 |
| Net assets without donor restrictions | $4,511,718 |
| 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 | $5,565,307 |