Associated Builders & Contractors FY2021 filing

Not tax-deductible

Annapolis, MD501(c)(6)Community DevelopmentEIN 52-0810991Revenue $1.1M in FY2021

On file with the IRSabc-chesapeake.org100 West St, 21401-2802 · Annapolis, MDTax-exempt since Dec 1964

This page gets seen. Tell your story. Claim this org.

Business league that unites and serves general Contractors, subcontractors, suppliers and industry professionals in promoting the construction industry and preserving free enterprise.

$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $88K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$154K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$349K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+21% vs prior year
Spent
$892K
Net assets
$924K
By yearFY2020–FY2024
Revenue
$1.1M
FY2021▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$875K
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Expenses
$892K
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$802K
FY2021$892K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
Net assets
$924K
FY2021▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$699K
FY2021$924K
FY2022$933K
FY2023$1.0M
FY2024$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1964.

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

Who runs it and what they're paid

16 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$154,225Pt VII · Sec A
Incoming 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
$0Pt VII · Sec A

Christopher Garvey’s $206K as President/CEO is at the 68th percentile of top reported officer pay among 2832 $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.

See Associated Builders & Contractors executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Unites and serves construction professionals to promote the industry and free enterprise.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · in their own filed words · FY2021
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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$513K
Fees for servicesLn 2g$336K
Other incomeLn 4–11$197K
Money outPt IX
$892K
Ln 25
Owns and owesPt X
$924K
net assets · Ln 32
Cash and savingsLn 1–2$528K
Total assetsLn 16$1.3M
LiabilitiesLn 26$349K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$513K
Fees for servicesLn 2g$336K
Investment incomeLn 3$16K
Other incomeLn 4–11$197K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$528K
Cash and savings togetherLn 1–2$528K
InvestmentsLn 11–13$532K
Land, buildings, equipmentLn 10c$99K
Other assetsLn 15$710
Total assetsLn 16$1.3M
LiabilitiesLn 26$349K
Net assetsLn 32$924K
OperationsPt I, VI
EmployeesI 50
VolunteersI 628
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$446K$528K
InvestmentsLn 11–13$461K$532K
Land, buildings, equipmentLn 10c$81K$99K
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$388K$349K
Net assetsLn 32$699K$924K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$167K
Other salaries and wagesLn 7$266K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$23K
Payroll taxesLn 10$31K
Accounting feesLn 11c$19K
Office expensesLn 13$44K
OccupancyLn 16$19K
TravelLn 17$10K
Conferences, conventions and meetingsLn 19$113K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$175K
All other expensesLn 24e$2K
Total functional expensesLn 25$892K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.2M$48K$1.1M 990 PDF
FY2023 $1.2M$1.1M$67K$1.0M 990 PDF
FY2022 $1.1M$1.0M$83K$933K 990 PDF
FY2021 Viewing $1.1M$892K$169K$924K 990 PDF
FY2020 $875K$802K$74K$699K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $1,061,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $481,785$512,867
I-9 Program service revenuePrior year $255,102$335,886
I-10 Investment incomePrior year $7,351$16,451
I-11 Other revenuePrior year $131,145$196,679
I-12 Total revenuePrior year $875,383$1,061,883
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $491,667$496,030
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $309,932$396,359
I-18 Total expensesPrior year $801,599$892,389
I-19 Revenue less expensesPrior year $73,784$169,494
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $1,061,883 across 7 lines filed
VIII-1b Membership dues$512,867
VIII-1h Total contributions, gifts and grants$512,867
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $335,886$335,886
VIII-3 Investment incomeExcluded from tax $16,451$16,451
VIII-8 Net income from fundraising eventsExcluded from tax $165,309$165,309
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $125 · Unrelated business $31,245$31,370
VIII-12 Total revenueRelated to mission $336,011 · Unrelated business $31,245 · Excluded from tax $181,760$1,061,883
Part IX · Statement of functional expenses $892,389 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$167,152
IX-7 Other salaries and wages$266,492
IX-8 Pension plan contributions$8,617
IX-9 Other employee benefits$22,971
IX-10 Payroll taxes$30,798
IX-11c Accounting fees$19,192
IX-13 Office expenses$44,498
IX-16 Occupancy$18,775
IX-17 Travel$10,068
IX-19 Conferences, conventions and meetings$112,973
IX-22 Depreciation, depletion and amortization$4,946
IX-23 Insurance$8,847
IX-24 Other expenses (24a–d)$175,110
IX-24e All other expenses$1,950
IX-25 Total functional expenses$892,389
Part X · Balance sheet $1,273,287 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $445,620$527,980
X-4 Accounts receivableStart of year $12,497$37,466
X-9 Prepaid expenses and deferred chargesStart of year $82,526$76,833
X-10c Land, buildings and equipment, netStart of year $80,595$98,639
X-12 Other securitiesStart of year $460,869$531,659
X-15 Other assetsStart of year $4,940$710
X-16 Total assetsStart of year $1,087,047$1,273,287
X-17 Accounts payable and accrued expensesStart of year $55,723$47,184
X-19 Deferred revenueStart of year $332,195$301,698
X-26 Total liabilitiesStart of year $387,918$348,882
X-27 Net assets without donor restrictionsStart of year $699,129$924,405
X-32 Total net assets or fund balancesStart of year $699,129$924,405
X-33 Total liabilities and net assetsStart of year $1,087,047$1,273,287
Part XI · Reconciliation of net assets $924,405 net assets at year end
XI-1 Total revenue$1,061,883
XI-2 Total expenses$892,389
XI-3 Revenue less expenses$169,494
XI-4 Net assets at start of year$699,129
XI-5 Net unrealized gains (losses) on investments$55,782
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$924,405

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.