Fund For Construction Industry Advancement
- Assets
- $921.1k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 95-3174308
Organization Overview
Fund For Construction Industry Advancement is located in Covina, CA. The organization was established in 1978. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Construction Industry Advancement 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, Fund For Construction Industry Advancement generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 4.9% 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.
Since 2015, Fund For Construction Industry Advancement has awarded 107 individual grants totaling $13,729,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, 17 GRANTS WERE AWARDED TO PERSONS WHO UNDERTOOK PROJECTS, AMONG OTHERS, TO STUDY THE BUILDING CODES, REGULATIONS AND LAWS AFFECTING THE CONSTRUCTION INDUSTRY, TO RECOMMEND IMPROVEMENTS AND TO UPGRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mcgrew Chairman | Trustee | 1 | $0 |
Derek Rados Trustee | Trustee | 1 | $0 |
David Nemeth Trustee | Trustee | 1 | $0 |
Louis Fisher III Treasurer | Trustee | 1 | $0 |
Mike Rodriquez Treasurer | Trustee | 1 | $0 |
Michael Crawford Trustee | Trustee | 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 | $2,647,564 |
| Investment income | $787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,648,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,688,628 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $82,613 |
| Fees for services: Legal | $681 |
| Fees for services: Accounting | $6,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,509 |
| Advertising and promotion | $0 |
| Office expenses | $1,204 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,935 |
| All other expenses | $0 |
| Total functional expenses | $2,813,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,225 |
| Savings and temporary cash investments | $448,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,024 |
| 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 | $1,712 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $921,140 |
| Accounts payable and accrued expenses | $65,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $65,274 |
| Net assets without donor restrictions | $855,866 |
| 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 | $921,140 |
Grants Awarded
Over the last fiscal year, Fund For Construction Industry Advancement has awarded $2,688,628 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
West Sacramento, CA PURPOSE: LEGAL | $549,193 |
Orange, CA PURPOSE: LEGAL | $417,484 |
West Covina, CA PURPOSE: RESEARCH | $311,500 |
West Sacramento, CA PURPOSE: EDUCATION | $292,501 |
Irvine, CA PURPOSE: LEGAL | $247,397 |
Fairfield, CA PURPOSE: RESEARCH | $210,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Biocom San Diego San Diego, CA | $12,285,584 | $10,077,934 |
Fund For Construction Industry Advancement Covina, CA | $921,140 | $2,648,351 |
Construction Industry Advancement Fund Of Southern California Covina, CA | $413,957 | $1,186,359 |
Bioscience Los Angeles County Inc Culver City, CA | $3,734,312 | $1,158,416 |
San Diego Construction Industry Advancement Fund San Diego, CA | $252,254 | $422,654 |
Alliance For Global Water Adaptation Corvallis, OR | $350,491 | $545,162 |
California Construction Advancement Program West Sacramento, CA | $309,678 | $297,751 |
Es3 Foundation San Diego, CA | $555,165 | $746,726 |
Construction Industry Advancement Fund Reno, NV | $375,560 | $211,399 |
Rebooting The Web Of Trust Inc Ventura, CA | $33,969 | $0 |
Roofing Industry Committee On Weather Issues Inc Princeville, HI | $29,393 | $0 |
Ecological Building Network San Rafael, CA | $22,041 | $6,444 |