Associated Builders & Contractors
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Broken Arrow, OK
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 73-1196004
Organization Overview
Associated Builders & Contractors is located in Broken Arrow, OK. 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 12/2021, Associated Builders & Contractors employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Builders & Contractors 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 & Contractors generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $959.4k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ADVANCEMENT OF THE CONSTRUCTION INDUSTRY AND FREE ENTERPRISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE ADVANCEMENT OF FREE ENTERPRISE THROUGH EDUCATION, NETWORKING, POLITICAL ACTION AND COMMUNITY INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Wright Chairman Elect | OfficerTrustee | 5 | $0 |
Bill Morgan Secretary | OfficerTrustee | 3 | $0 |
Brian Smith Past Chairman | OfficerTrustee | 3 | $0 |
Rick Armstrong Past Chairman | OfficerTrustee | 3 | $0 |
John Cooper Treasurer | OfficerTrustee | 5 | $0 |
Brian Woods Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $746,809 |
| 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 | $746,809 |
| Total Program Service Revenue | $156,874 |
| Investment income | $985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $147,044 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,076,567 |
| 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. | $232,734 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,751 |
| Pension plan accruals and contributions | $21,746 |
| Other employee benefits | $42,806 |
| Payroll taxes | $32,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $444 |
| Office expenses | $20,150 |
| Information technology | $12,315 |
| Royalties | $0 |
| Occupancy | $31,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,539 |
| Interest | $5,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,207 |
| Insurance | $18,009 |
| All other expenses | $58,119 |
| Total functional expenses | $959,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,222 |
| Savings and temporary cash investments | $653,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,727 |
| 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 | $72,243 |
| Net Land, buildings, and equipment | $189,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057,806 |
| Accounts payable and accrued expenses | $80,609 |
| Grants payable | $0 |
| Deferred revenue | $269,231 |
| 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 | $155,276 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,211 |
| Total liabilities | $538,327 |
| Net assets without donor restrictions | $0 |
| 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 | $519,479 |
| Total liabilities and net assets/fund balances | $1,057,806 |
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