Associated Builders and Contractors INC

Jacksonville, FL501(c)(6)EIN 59-3145713Revenue $776K in FY2024

On file with the IRSabcfirstcoast.com8130 Baymeadows Way W Ste 307, 32256-7451 · Jacksonville, FLTax-exempt since Dec 1964

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The advancement of the merit shop construction philosophy, which encourages open competition and a free-enterprise approach that awards contracts based solely on merit, regardless of labor affiliation.

85¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
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 $69K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$315K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$776K
+68% vs prior year
Spent
$668K
To programs
85%
Net assets
$625K
By yearFY2020–FY2024
Revenue
$776K
FY2024▲ +68%
Revenue by fiscal year
FY2020$251K
FY2021$302K
FY2022$386K
FY2023$463K
FY2024$776K
Expenses
$668K
FY2024▲ +84%
Expenses by fiscal year
FY2020$230K
FY2021$258K
FY2022$314K
FY2023$362K
FY2024$668K
Net assets
$625K
FY2024▲ +28%
Net assets by fiscal year
FY2020$306K
FY2021$351K
FY2022$388K
FY2023$489K
FY2024$625K

From the FY2024 Form 990 · see the original

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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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $570K Management & general 11% · $72K Fundraising 4% · $25K

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; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
$120,218Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Karin Tucker Hoffman$120,218$98,177$106,258$100,347$103,819

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 and Contractors INC 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 open competition in construction, awarding contracts based on merit, not labor affiliation.

Provided by the organization

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3 programs · in their own filed words · FY2024
01

Monthly meetings for members with speakers who provide information relevant to the building and construction field.

Pt IX · col B
02

Fax and mail material to members regarding legislation and bid opportunities.

Pt IX · col B
03

Annual directory of local and statemembership.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $6K · 2024–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$776K
Ln 12
Fees for servicesLn 2g$748K
Investment incomeLn 3$27K
Other incomeLn 4–11$2K
Money outPt IX
$668K
Ln 25
Programscol B$570K
Managementcol C$72K
Fundraisingcol D$25K
Owns and owesPt X
$625K
net assets · Ln 32
Cash and savingsLn 1–2$352K
Total assetsLn 16$940K
LiabilitiesLn 26$315K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$748K
Investment incomeLn 3$27K
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$776K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$295K
Cash and savings togetherLn 1–2$352K
InvestmentsLn 11–13$452K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$81K
Total assetsLn 16$940K
LiabilitiesLn 26$315K
Net assetsLn 32$625K
OperationsPt I, VI
EmployeesI 54
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 FY24End FY24
Cash and savingsLn 1–2$247K$352K
InvestmentsLn 11–13$411K$452K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$792K$940K
LiabilitiesLn 26$303K$315K
Net assetsLn 32$489K$625K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
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$120K$96K$12K$12K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$80K$64K$8K$8K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$15K$12K$1K$1K
Payroll taxesLn 10$15K$12K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$0
Office expensesLn 13$15K$15K
Information technologyLn 14$4K$4K
RoyaltiesLn 15$0
OccupancyLn 16$22K$18K$2K$2K
TravelLn 17$20K$20K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$339K$339K
All other expensesLn 24e$453$453
Total functional expensesLn 25$668K$570K$72K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $776K$668K$109K$625K 990 PDF
FY2023 $463K$362K$100K$489K 990 PDF
FY2022 $386K$314K$72K$388K 990 PDF
FY2021 $302K$258K$44K$351K 990 PDF
FY2020 $251K$230K$21K$306K 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 FY2024 990 (6 parts)
Part I · Summary $776,301 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $363,648$748,094
I-10 Investment incomePrior year $47,579$26,678
I-11 Other revenuePrior year $51,434$1,529
I-12 Total revenuePrior year $462,661$776,301
I-13 Grants and similar amounts paid$6,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $228,555$229,969
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $133,760$431,815
I-18 Total expensesPrior year $362,315$667,784
I-19 Revenue less expensesPrior year $100,346$108,517
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $776,301 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $748,094$748,094
VIII-3 Investment incomeRelated to mission $26,678$26,678
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-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,529$1,529
VIII-12 Total revenueRelated to mission $776,301$776,301
Part IX · Statement of functional expenses $667,784 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $6,000$6,000
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 staffPrograms $96,174 · Management $12,022 · Fundraising $12,022$120,218
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $63,870 · Management $7,921 · Fundraising $7,921$79,712
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $11,674 · Management $1,459 · Fundraising $1,458$14,591
IX-10 Payroll taxesPrograms $12,358 · Management $1,545 · Fundraising $1,545$15,448
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $27,562$27,562
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $14,563$14,563
IX-14 Information technologyPrograms $4,484$4,484
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,760 · Management $2,219 · Fundraising $2,219$22,198
IX-17 TravelManagement $19,657$19,657
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $3,716$3,716
IX-24 Other expenses (24a–d)Programs $339,182$339,182
IX-24e All other expensesPrograms $453$453
IX-25 Total functional expensesPrograms $570,234 · Management $72,385 · Fundraising $25,165$667,784
Part X · Balance sheet $940,157 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $246,631$56,294
X-2 Savings and temporary cash investments$295,247
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $23,645$26,538
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$29,209
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $411,087$451,671
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $110,246$81,198
X-16 Total assetsStart of year $791,609$940,157
X-17 Accounts payable and accrued expensesStart of year $10,197$6,110
X-19 Deferred revenueStart of year $192,546$227,764
X-25 Other liabilitiesStart of year $20,303$81,198
X-26 Total liabilitiesStart of year $302,936$315,072
X-27 Net assets without donor restrictionsStart of year $488,673$625,085
X-32 Total net assets or fund balancesStart of year $488,673$625,085
X-33 Total liabilities and net assetsStart of year $791,609$940,157
Part XI · Reconciliation of net assets $625,085 net assets at year end
XI-1 Total revenue$776,301
XI-2 Total expenses$667,784
XI-3 Revenue less expenses$108,517
XI-4 Net assets at start of year$488,673
XI-5 Net unrealized gains (losses) on investments$27,895
XI-10 Net assets at end of year$625,085

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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