American Subcontractors Association

Not tax-deductible

Golden, CO501(c)(6)EIN 84-0639802Revenue $190K in FY2024

On file with the IRSasacolorado.com601 16th St Ste C Pmb 437, 80401-1979 · Golden, COTax-exempt since Jan 1974

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The asac promotes ethical & equitable business practices to bring positive change throughout the construction industry. IT empowers membership to comply with health & safety standards & assist in the successful creation of a supportive safety culture within their organizations.

$38K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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
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
2 of 5
filings with a surplus
Average deficit $8K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$38K
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
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
102
of 102 voting members
Looks good: 102 of 102 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
+29% vs prior year
Spent
$206K
To programs
0%
Net assets
$9K
By yearFY2020–FY2024
Revenue
$190K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$141K
FY2021$193K
FY2022$166K
FY2023$147K
FY2024$190K
Expenses
$206K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$169K
FY2021$180K
FY2022$161K
FY2023$163K
FY2024$206K
Net assets
$9K
FY2024▼ -64%
Tap a bar for its year
Net assets by fiscal year
FY2020$22K
FY2021$35K
FY2022$40K
FY2023$25K
FY2024$9K

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 Jan 1974.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $206K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $38K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$37,500Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023
Deb Scifo$37,500$78,125

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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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 15aNo

Programs and updates

Promotes ethical business and safety standards to improve the construction industry.

Questions for American Subcontractors Association

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Provided by the organization

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2 programs · in their own filed words · FY2024
01

The organization brings the resources to develop and manage an elite safety program via education and training. It continually develops partnerships with industry leaders in safety management, job site protocol and hazard analysis, training and education, and risk management.

Pt IX · col B
02

The organization offers monthly safety training, osha 10 and osha 30 hour, quarterly safety education seminars, an annual health & safety summit, a safety dividend program, safety self audit and other safety resources.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Gifts and grantsLn 1h$101K
Other incomeLn 4–11$79K
Fees for servicesLn 2g$9K
Money outPt IX
$206K
Ln 25
Managementcol C$206K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$43K
LiabilitiesLn 26$34K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a102
IndependentVI 1b102
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Fees for servicesLn 2g$9K
Other incomeLn 4–11$79K
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Other assetsLn 15$0
Total assetsLn 16$43K
LiabilitiesLn 26$34K
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$28K$20K
Total assetsLn 16$77K$43K
LiabilitiesLn 26$52K$34K
Net assetsLn 32$25K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$38K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$62K$62K
Legal feesLn 11b$10$10
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$6K
OccupancyLn 16$13K$13K
InterestLn 20$6K$6K
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$206K$0$206K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $190K$206K−$16K$9K 990 PDF
FY2023 $147K$163K−$15K$25K 990 PDF
FY2022 $166K$161K$5K$40K 990 PDF
FY2021 $193K$180K$13K$35K 990 PDF
FY2020 $141K$169K−$28K$22K 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 $190,182 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,284$101,272
I-9 Program service revenuePrior year $7,026$9,422
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $56,798$79,488
I-12 Total revenuePrior year $147,108$190,182
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 $94,974$55,766
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $67,539$150,422
I-18 Total expensesPrior year $162,513$206,188
I-19 Revenue less expensesPrior year −$15,405−$16,006
Part VI · Governance 102 of 102 board members independent, 1 to look at
VI-1a Voting members of the governing body102
VI-1b Independent voting members102
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $190,182 across 5 lines filed
Lines not itemized here account for $9,422 of total revenue; see the IRS return.
VIII-1b Membership dues$101,272
VIII-1h Total contributions, gifts and grants$101,272
VIII-8 Net income from fundraising eventsExcluded from tax $58,338$58,338
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,150$21,150
VIII-12 Total revenueRelated to mission $30,572 · Unrelated business $0 · Excluded from tax $58,338$190,182
Part IX · Statement of functional expenses $206,188 across 13 lines filed
IX-7 Other salaries and wagesManagement $37,500$37,500
IX-9 Other employee benefitsManagement $8,010$8,010
IX-10 Payroll taxesManagement $10,256$10,256
IX-11a Management feesManagement $61,795$61,795
IX-11b Legal feesManagement $10$10
IX-11c Accounting feesManagement $3,426$3,426
IX-11g Other fees for servicesManagement $35,282$35,282
IX-12 Advertising and promotionManagement $1,239$1,239
IX-13 Office expensesManagement $6,368$6,368
IX-16 OccupancyManagement $13,371$13,371
IX-20 InterestManagement $6,467$6,467
IX-24 Other expenses (24a–d)Management $18,354$18,354
IX-24e All other expensesManagement $4,110$4,110
IX-25 Total functional expensesPrograms $0 · Management $206,188 · Fundraising $0$206,188
Part X · Balance sheet $42,610 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $27,675$20,299
X-4 Accounts receivableStart of year $19,185$22,311
X-15 Other assetsStart of year $30,000$0
X-16 Total assetsStart of year $76,860$42,610
X-17 Accounts payable and accrued expensesStart of year $5,644$15,774
X-25 Other liabilitiesStart of year $46,363$17,989
X-26 Total liabilitiesStart of year $52,007$33,763
X-32 Total net assets or fund balancesStart of year $24,853$8,847
X-33 Total liabilities and net assetsStart of year $76,860$42,610
Part XI · Reconciliation of net assets $8,847 net assets at year end
XI-1 Total revenue$190,182
XI-2 Total expenses$206,188
XI-3 Revenue less expenses−$16,006
XI-4 Net assets at start of year$24,853
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,847

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

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