Associated Builders & Contractors EIN 52-0810991 Form 990 (PDF) Claim this org

Associated Builders & Contractors FY2020 filing

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Unites and serves construction professionals to promote the industry and free enterprise. For fiscal year 2020 it reported $875K in revenue, $802K in expenses, and $699K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Annapolis, MD
Website
www.abc-chesapeake.org
Filings
5 on file (2020–2020)
Revenue
$875KFY2020
Expenses
$802K
Net assets
$699K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-0810991 Business league / trade association Annapolis, MD
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Unites and serves construction professionals to promote the industry and free enterprise.
Leadership
Christopher Garvey · President/CEO · $153K
Money in and out
$875K revenue, $802K expenses
Bottom line
+8% operating surplus
Membership & operating revenue · FY2020
Total revenue
$875K
Pt VIII · Ln 12
Total expenses
$802K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Operating surplus
+8%
revenue over expenses
Earned revenue
29%
of revenue from program services & dues
Payroll share
61%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$875K
FY2020
Expenses
$802K
FY2020
Total assets
$1.1M
FY2020
Total liabilities
$388K
FY2020
Total revenue
$875K
Pt VIII · Ln 12
Total expenses
$802K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2020.
01

The association recognizes and honors members who demonstrate exemplary safety programs and excellence in construction. Events encourage members to network and build professional foundations within the free enterprise system.

Pt IX · col B
02

The association serves its members by providing information pertinent to the construction industry. Monthly events provide an opportunity for business development and industry growth.

Pt IX · col B
03

The association conducts apprentice training classes in conjunction with local vocational schools for employees of members and non-members and journeymen.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAssociated Builders & Contractors
EINHdr · item D52-0810991
Principal addressHdr · item CAnnapolis, MD
WebsiteHdr · item Jwww.abc-chesapeake.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFDec 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$152,743Pt VII · Sec A
Incoming Chairman
$0Pt VII · Sec A
Past Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christopher Garvey’s $206K as President/CEO is at the 68th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christopher Garvey$205,904$183,288$172,731$154,225$152,743

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$482K · 55%
Program service revenue$255K · 29%
Other revenue$131K · 15%
Investment income$7K · 1%
Contributions & grants55%$482K
Program service revenue29%$255K
Other revenue15%$131K
Investment income1%$7K
Total revenueLn 12$875K

Balance Sheet

Part X · end of year
CashLn 1$446K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$388K
Total net assetsLn 32$699K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $906K · Operating expenses/yr $802K
13.6 months
Where the money goes
Program services
Program services — · Total expenses $802K
Management & General
Management & general — · Total expenses $802K
Fundraising
Fundraising — · Total expenses $802K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $482K · Total revenue $875K
55%
Government reliance
Government grants — · Total revenue $875K
Earned-income share
Program service revenue $255K · Total revenue $875K
29%
Investment reliance
Investment income $7K · Total revenue $875K
+0.8%
Program self-sufficiency
Program service revenue $255K · Total expenses $802K
32%
Growth & trend
Revenue growth (YoY)
This year $875K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $699K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $875K · Expenses $802K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $699K · Total assets $1.1M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $461K · Total assets (Pt X, ln 16) $1.1M
42%
People & payroll
Highest Reported Total Compensation
Individual Christopher Garvey · Reported title PRESIDENT/CEO · Highest reported compensation $153K · Total expenses $802K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $492K · Total expenses $802K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$875K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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