Associated Builders And Contractors Inc
- Assets
- $11.1m
- Revenue
- $450.1k
- Investments
- $358.5k
- Employees
- 38
- Location
- Freeport, TX
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 74-1846582
Organization Overview
Associated Builders And Contractors Inc is located in Freeport, TX. The organization was established in 1964. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2022, Associated Builders And Contractors Inc employed 38 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE GENERAL BUSINESS INTEREST-CONSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOC. BUILDERS AND CONTRACTORS OF TX GULF COAST, INC. SPONSORS A VARIETY OF ACTIVITIES, INCL. CONFERENCES, MTGS, & SEMINARS WHICH ARE DESIGNED TO PROMOTE THE GEN BUSINESS INTEREST OF PERSONS IN THE CONSTRUCTION FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lapier President/ce | Officer | 6 | $67,692 |
Buck Blevins Past Chairma | Trustee | $0 | |
Steve Bundick Secretary | Trustee | $0 | |
Andrew Cone Chairman | Trustee | $0 | |
James Dye Director | Trustee | $0 | |
Craig Falcon Advisor | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $196,963 |
| Investment income | $17,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $197,670 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,095 |
| 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. | $67,692 |
| Compensation of current officers, directors, key employees. | $67,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,792 |
| Pension plan accruals and contributions | $7,582 |
| Other employee benefits | $29,659 |
| Payroll taxes | $10,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $13,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $880 |
| Office expenses | $383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,269 |
| All other expenses | $8,128 |
| Total functional expenses | $350,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,995 |
| Savings and temporary cash investments | $384,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $104,684 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $144,940 |
| Net Land, buildings, and equipment | $9,130,145 |
| Investments—publicly traded securities | $373,695 |
| Investments—other securities | $358,503 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,127 |
| Total assets | $11,091,486 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $118,998 |
| 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 | $5,000 |
| Total liabilities | $123,998 |
| Net assets without donor restrictions | $10,965,727 |
| Net assets with donor restrictions | $1,761 |
| 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 | $11,091,486 |