Agc Construction Education Foundation FY2022 filing

Public charity (501(c)(3)) W Sacramento, CA EIN 68-0463586 NTEE J05
Revenue
$1.8M
▲ +42%
FY2022 · Pt VIII · Ln 12
Expenses
$1.8M
▲ +72%
FY2022 · Pt IX · Ln 25
Net assets
$317K
FY2022 · Pt X · Ln 32
To programs
87%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$1.8M
FY2022▲ +42%
Expenses
$1.8M
FY2022▲ +72%

Develops and promotes educational programs to strengthen construction professionals and careers.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
8 funders, incl. California Construction Advancement Program
$357K in the latest grant year.
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Spent on programs?
87% to programs
Form 990 Part IX, latest filing.
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Size and trend
$1–10M
↑ +42% vs prior year
Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Develops and promotes educational programs to strengthen construction professionals and careers.

Type
Public charity (501(c)(3)) · Employment
Location
W Sacramento, CA
Website
www.agc-ca.org/foundation
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/3/26 · see original: IRS
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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$644K
FY2022▲ +11%
Total liabilities
$327K
FY2022▲ +61%
Revenue less expensesPt I · Ln 19−$38K
Total assetsPt X · Ln 16$644K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 423

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAgc Construction Education Foundation
EINHdr · item D68-0463586
Principal addressHdr · item CW Sacramento, CA
WebsiteHdr · item Jwww.agc-ca.org/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J05)
Ruling yearIRS BMFJul 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b23
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Agc Construction Education Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

On an annual basis, the foundation conducts or participates in at least four career awareness programs throughout the state of california for thousands of high school students on construction industry employment OPPORTUNITIES.THE construction leadership council (CLC) is a program and volunteer leadership group within the associated…

$692Kprogram expense
02

The organization develops and promotes educational programs which expand and strengthen the professionalism and effectiveness of people in the construction industry.

$506Kprogram expense
03

The foundation provides thousands of dollars in scholarships to college students in approved construction programs of accredited universities. In addition, the foundation sponsors and provides financial support to construction focused student organizations at various colleges incalifornia.

$184Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$986K · 56%
Program service revenue$759K · 43%
Investment income$11K · 1%
Contributions & grants56%$986K
Program service revenue43%$759K
Investment income1%$11K
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$1.6M
Management & general13%$235K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$305K
Total assetsLn 16$644K
Total liabilitiesLn 26$327K
Total net assetsLn 32$317K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $479K · Operating expenses/yr $1.8M
3.2 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.8M
87%
Management & General
Management & general $235K · Total expenses $1.8M
13%
Fundraising
Fundraising $0 · Total expenses $1.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $878K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $986K · Total revenue $1.8M
56%
Government reliance
Government grants — · Total revenue $1.8M
—
Earned-income share
Program service revenue $759K · Total revenue $1.8M
43%
Investment reliance
Investment income $11K · Total revenue $1.8M
+0.6%
Program self-sufficiency
Program service revenue $759K · Total expenses $1.8M
42%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $1.2M
+42%
Net-asset trend (YoY)
End of year $317K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $1.8M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $644K
—
Net-asset ratio
Net assets $317K · Total assets $644K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $174K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $644K
27%
People & payroll
Highest Reported Total Compensation
Individual Peter Tateishi · Reported title PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $1.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.8M
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth 42%——
Investment management fee ratio 0.4%——
Legal fee ratio 0.2%——
Accounting fee ratio 0.3%——

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 13 grants · $311K · 2020–2024
Unitemized GrantFY2024$45,500
Chico State EnterprisesCA · FY2024$15,000
Cal Poly San Luis ObispoFY2024$9,500
Csu SacramentoFY2024$7,500
Csu Long BeachFY2024$6,000
Unitemized GrantFY2023$94,133
Chico State EnterprisesCA · FY2023$8,000
Unitemized GrantFY2022$79,964
Chico State EnterprisesCA · FY2022$13,500
Unitemized GrantFY2021$10,000
Unitemized GrantFY2020$6,000

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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)$2.2M revenue · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · viewing · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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