Associated Builders & Contractors FY2023 filing

Not tax-deductible

Annapolis, MD501(c)(6)Community DevelopmentEIN 52-0810991Revenue $1.2M in FY2023

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

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

$183K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$183K
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
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$437K
29% of total assets
Looks good: liabilities are 29% 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
$1.2M
+7% vs prior year
Spent
$1.1M
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▲ +7%
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
$1.1M
FY2023▲ +9%
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
$1.0M
FY2023▲ +12%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

18 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$183,288Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 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 →

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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

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

Provided by the organization

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3 programs · in their own filed words · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$543K
Fees for servicesLn 2g$359K
Other incomeLn 4–11$247K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$372K
Total assetsLn 16$1.5M
LiabilitiesLn 26$437K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$543K
Fees for servicesLn 2g$359K
Investment incomeLn 3$15K
Other incomeLn 4–11$247K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$372K
Cash and savings togetherLn 1–2$372K
InvestmentsLn 11–13$828K
Land, buildings, equipmentLn 10c$104K
Other assetsLn 15$3K
Total assetsLn 16$1.5M
LiabilitiesLn 26$437K
Net assetsLn 32$1.0M
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 FY23End FY23
Cash and savingsLn 1–2$461K$372K
InvestmentsLn 11–13$569K$828K
Land, buildings, equipmentLn 10c$111K$104K
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$352K$437K
Net assetsLn 32$933K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$200K
Other salaries and wagesLn 7$357K
Pension plan contributionsLn 8$8K
Other employee benefitsLn 9$28K
Payroll taxesLn 10$40K
Accounting feesLn 11c$48K
Office expensesLn 13$51K
OccupancyLn 16$19K
TravelLn 17$14K
Conferences, conventions and meetingsLn 19$138K
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$176K
All other expensesLn 24e$155
Total functional expensesLn 25$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.2M$48K$1.1M 990 PDF
FY2023 Viewing $1.2M$1.1M$67K$1.0M 990 PDF
FY2022 $1.1M$1.0M$83K$933K 990 PDF
FY2021 $1.1M$892K$169K$924K 990 PDF
FY2020 $875K$802K$74K$699K 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 FY2023 990 (6 parts)
Part I · Summary $1,163,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $511,968$542,891
I-9 Program service revenuePrior year $338,637$358,681
I-10 Investment incomePrior year $17,604$14,860
I-11 Other revenuePrior year $220,539$247,395
I-12 Total revenuePrior year $1,088,748$1,163,827
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 $575,671$633,880
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $429,983$462,456
I-18 Total expensesPrior year $1,005,654$1,096,336
I-19 Revenue less expensesPrior year $83,094$67,491
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 $1,163,827 across 7 lines filed
VIII-1b Membership dues$542,891
VIII-1h Total contributions, gifts and grants$542,891
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $358,681$358,681
VIII-3 Investment incomeExcluded from tax $14,860$14,860
VIII-8 Net income from fundraising eventsExcluded from tax $223,417$223,417
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $23,978$23,978
VIII-12 Total revenueRelated to mission $358,681 · Unrelated business $23,978 · Excluded from tax $238,277$1,163,827
Part IX · Statement of functional expenses $1,096,336 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$199,816
IX-7 Other salaries and wages$357,156
IX-8 Pension plan contributions$8,398
IX-9 Other employee benefits$28,371
IX-10 Payroll taxes$40,139
IX-11c Accounting fees$48,142
IX-13 Office expenses$51,204
IX-16 Occupancy$18,626
IX-17 Travel$14,085
IX-19 Conferences, conventions and meetings$138,077
IX-22 Depreciation, depletion and amortization$7,260
IX-23 Insurance$9,092
IX-24 Other expenses (24a–d)$175,815
IX-24e All other expenses$155
IX-25 Total functional expenses$1,096,336
Part X · Balance sheet $1,485,123 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $460,901$371,974
X-4 Accounts receivableStart of year $47,088$85,662
X-9 Prepaid expenses and deferred chargesStart of year $89,228$93,421
X-10c Land, buildings and equipment, netStart of year $110,842$103,583
X-12 Other securitiesStart of year $569,076$827,811
X-15 Other assetsStart of year $7,521$2,672
X-16 Total assetsStart of year $1,284,656$1,485,123
X-17 Accounts payable and accrued expensesStart of year $23,675$50,661
X-19 Deferred revenueStart of year $326,102$381,146
X-25 Other liabilitiesStart of year $2,350$5,171
X-26 Total liabilitiesStart of year $352,127$436,978
X-27 Net assets without donor restrictionsStart of year $932,529$1,048,145
X-32 Total net assets or fund balancesStart of year $932,529$1,048,145
X-33 Total liabilities and net assetsStart of year $1,284,656$1,485,123
Part XI · Reconciliation of net assets $1,048,145 net assets at year end
XI-1 Total revenue$1,163,827
XI-2 Total expenses$1,096,336
XI-3 Revenue less expenses$67,491
XI-4 Net assets at start of year$932,529
XI-5 Net unrealized gains (losses) on investments$48,125
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,048,145

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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