Associated Builders & Contractors Inc
- Assets
- $2.6m
- Revenue
- $531.6k
- Investments
- $1.9m
- Employees
- 3
- Location
- Nederland, TX
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 76-0238139
Organization Overview
Associated Builders & Contractors Inc is located in Nederland, TX. The organization was established in 0000. 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 Inc employed 3 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 12/2021, Associated Builders & Contractors Inc generated $531.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $412.1k during the year ending 12/2021. 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
CONSTRUCTION CRAFT TRAINING PROGRAM AND TRADE ASSOCIATION - TRAIN WELDERS AND OTHER CRAFTSMEN TO HELP THEM GET CERTIFIED AND RE-CERTIFIED. HOLD MEETINGS AND CONVENTIONS TO AID AREA CRAFTSMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION CRAFT TRAINING PROGRAM AND TRADE ASSOCIATION - TRAIN WELDERS AND OTHER CRAFTSMEN TO HELP THEM GET CERTIFIED AND RE-CERTIFIED. HOLD MEETINGS AND CONVENTIONS TO AID AREA CRAFTSMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly A Bernard President & CEO | Officer | 40 | $89,000 |
Grady Gibbons Past Chairman | OfficerTrustee | 0.5 | $0 |
Kal Kincaid Chairman Elect | OfficerTrustee | 0.5 | $0 |
Bill Harrington Chairman | OfficerTrustee | 0.5 | $0 |
Colby Plaia Secretary | OfficerTrustee | 0.5 | $0 |
Rickey Simmons Director | Trustee | 0.5 | $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 | $290,250 |
| Investment income | $165,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $531,588 |
| 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. | $89,000 |
| Compensation of current officers, directors, key employees. | $44,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $473 |
| Payroll taxes | $14,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,344 |
| Fees for services: Lobbying | $30,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,332 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,622 |
| Insurance | $28,378 |
| All other expenses | $16,168 |
| Total functional expenses | $412,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $302,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,894,810 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,988 |
| Total assets | $2,614,726 |
| Accounts payable and accrued expenses | $10,919 |
| Grants payable | $0 |
| Deferred revenue | $249,400 |
| 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 | $260,319 |
| Net assets without donor restrictions | $2,354,407 |
| 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 | $2,614,726 |
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