Concrete Foundations Association FY2022 filing

Not tax-deductible

Farmington Hills, MI501(c)(6)Since 1975EIN 39-1285544Revenue $693K in FY2022

On file with the IRScfaconcretepros.org38800 Country Club Drive, 48331-3439 · Farmington Hills, MITax-exempt since Jan 1978

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To provide promotional materials, educational seminars, networking opportunities, and technical and informative meetings for its members, contractors in the residential concrete foundation industry.

38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $21K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$346K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$693K
+62% vs prior year
Spent
$615K
To programs
38%
Net assets
$235K
By yearFY2021–FY2024
Revenue
$693K
FY2022▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2021$428K
FY2022$693K
FY2023$775K
FY2024$828K
FY2024$759K
Expenses
$615K
FY2022▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2021$409K
FY2022$615K
FY2023$867K
FY2024$748K
FY2024$851K
Net assets
$235K
FY2022▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2021$157K
FY2022$235K
FY2023$143K
FY2024$223K
FY2024$156K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $237K Management & general 62% · $378K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Concrete Foundations Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes residential concrete foundations through education, networking, and industry resources.

Provided by the organization

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1 program · $237K · in their own filed words · FY2021
01

The organization publishes newsletters and other technical publications and sponsors conferences and meetings to educate and assist members.

$237Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$693K
Ln 12
Fees for servicesLn 2g$433K
Gifts and grantsLn 1h$259K
Investment incomeLn 3$680
Money outPt IX
$615K
Ln 25
Programscol B$237K
Managementcol C$378K
Owns and owesPt X
$235K
net assets · Ln 32
Cash and savingsLn 1–2$371K
Total assetsLn 16$581K
LiabilitiesLn 26$346K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Fees for servicesLn 2g$433K
Investment incomeLn 3$680
Gains on assetsLn 7$0
Total revenueLn 12$693K
Assets in detailPt X, end of year
CashLn 1$273K
SavingsLn 2$97K
Cash and savings togetherLn 1–2$371K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$0
Total assetsLn 16$581K
LiabilitiesLn 26$346K
Net assetsLn 32$235K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$262K$371K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$371K$581K
LiabilitiesLn 26$214K$346K
Net assetsLn 32$157K$235K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$345K$345K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$204$204
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$22K$22K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$150K$150K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$61K$51K$10K
All other expensesLn 24e$0
Total functional expensesLn 25$615K$237K$378K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $828K$748K$79K$223K 990 PDF
FY2023 $775K$867K−$92K$143K 990 PDF
FY2022 Viewing $693K$615K$78K$235K 990 PDF
FY2021 $428K$409K$19K$157K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $692,680 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $202,567$258,926
I-9 Program service revenuePrior year $224,149$433,074
I-10 Investment incomePrior year $980$680
I-11 Other revenue$0
I-12 Total revenuePrior year $427,696$692,680
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $272,098$344,558
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $137,080$270,486
I-18 Total expensesPrior year $409,178$615,044
I-19 Revenue less expensesPrior year $18,518$77,636
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $692,680 across 9 lines filed
VIII-1b Membership dues$258,926
VIII-1h Total contributions, gifts and grants$258,926
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $334,324 · Unrelated business $98,750$433,074
VIII-3 Investment incomeExcluded from tax $680$680
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $334,324 · Unrelated business $98,750 · Excluded from tax $680$692,680
Part IX · Statement of functional expenses $615,044 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $344,558$344,558
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $204$204
IX-11c Accounting feesManagement $1,451$1,451
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $30,620$30,620
IX-13 Office expensesManagement $22,058$22,058
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $150,122$150,122
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,079$1,079
IX-23 InsurancePrograms $3,930$3,930
IX-24 Other expenses (24a–d)Programs $50,888 · Management $10,134$61,022
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $236,639 · Management $378,405 · Fundraising $0$615,044
Part X · Balance sheet $580,687 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $165,625$273,245
X-2 Savings and temporary cash investmentsStart of year $96,848$97,315
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $86,355$113,946
X-8 Inventories for sale or useStart of year $4,294$4,294
X-9 Prepaid expenses and deferred chargesStart of year $17,745$82,175
X-10c Land, buildings and equipment, net$9,712
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $370,867$580,687
X-17 Accounts payable and accrued expenses$56,264
X-19 Deferred revenueStart of year $213,560$289,480
X-26 Total liabilitiesStart of year $213,560$345,744
X-27 Net assets without donor restrictionsStart of year $157,307$234,943
X-32 Total net assets or fund balancesStart of year $157,307$234,943
X-33 Total liabilities and net assetsStart of year $370,867$580,687
Part XI · Reconciliation of net assets $234,943 net assets at year end
XI-1 Total revenue$692,680
XI-2 Total expenses$615,044
XI-3 Revenue less expenses$77,636
XI-4 Net assets at start of year$157,307
XI-10 Net assets at end of year$234,943

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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