Associated Builders & Contractors Inc
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $313.9k
- Employees
- 7
- Location
- St Rose, LA
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 72-0687001
Organization Overview
Associated Builders & Contractors Inc is located in St Rose, LA. 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 12/2023, Associated Builders & Contractors Inc employed 7 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 12/2023, Associated Builders & Contractors Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CONSTRUCTION TRADES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THE CHAPTER'S SERVICES ARE FOR THE PURPOSE OF FOSTERING & PERPETUATING THE PRINCIPLES OF THE MERIT SHOP IN THE BUILDING & CONSTRUCTION TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Cardwell Past Chair | OfficerTrustee | 1 | $0 |
Jake Reichert Chair | OfficerTrustee | 1 | $0 |
Bj Branigan Chair-Elect | OfficerTrustee | 1 | $0 |
Ronald H Dawson Jr Treasurer | OfficerTrustee | 1 | $0 |
Ricky Quigley Board Member | Trustee | 1 | $0 |
Michael Bush General Counsel | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,132,240 |
| Investment income | $6,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,724 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,167,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $115,319 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,565 |
| Pension plan accruals and contributions | $36,086 |
| Other employee benefits | $68,165 |
| Payroll taxes | $33,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,096 |
| Fees for services: Accounting | $23,547 |
| Fees for services: Lobbying | $61,040 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,942 |
| Office expenses | $112,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,894 |
| Travel | $137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,791 |
| Interest | $0 |
| Payments to affiliates | $100,320 |
| Depreciation, depletion, and amortization | $5,420 |
| Insurance | $21,166 |
| All other expenses | $0 |
| Total functional expenses | $1,109,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,933 |
| Savings and temporary cash investments | $383,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,220 |
| 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 | $118,541 |
| Net Land, buildings, and equipment | $69,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $313,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,437 |
| Total assets | $1,671,259 |
| Accounts payable and accrued expenses | $144,806 |
| Grants payable | $0 |
| Deferred revenue | $500,253 |
| 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 | $0 |
| Total liabilities | $645,059 |
| Net assets without donor restrictions | $1,026,200 |
| 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 | $1,671,259 |