Construction Industry Progress Fund INC FY2020 filing

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Advance the interests of the Construction Industry in the state of alaska, through education, communication and public relations.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2020 · 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
3 of 5
filings with a surplus
Average surplus $4K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
24 mo
of spending, in cash
Looks good: 23.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298K
Spent
$237K
Net assets
$457K
By yearFY2020–FY2024
Revenue
$298K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$298K
FY2021$296K
FY2022$314K
FY2023$420K
FY2024$404K
Expenses
$237K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$237K
FY2021$295K
FY2022$306K
FY2023$452K
FY2024$425K
Net assets
$457K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$457K
FY2021$458K
FY2022$437K
FY2023$423K
FY2024$415K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Sep 2000.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Construction Industry Progress Fund 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 15aNo

Programs and updates

Promotes Alaska's construction industry through education, communication, and public relations.

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3 programs · in their own filed words · FY2020
01

Promoted awareness of opportunities for employment in the industry through a variety of media outlets, including television advertising.

Pt IX · col B
02

Brought educational programs into schools to inform students of opportunities in the construction industry.

Pt IX · col B
03

Informed the public of positive contributions made by the construction industry.

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 5 grants · $805K · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Fees for servicesLn 2g$261K
Investment incomeLn 3$19K
Other incomeLn 4–11$15K
Money outPt IX
$237K
Ln 25
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$464K
Total assetsLn 16$477K
LiabilitiesLn 26$20K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$261K
Investment incomeLn 3$19K
Other incomeLn 4–11$15K
Gains on assetsLn 7$1K
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$463K
Cash and savings togetherLn 1–2$464K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$477K
LiabilitiesLn 26$20K
Net assetsLn 32$457K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY20End FY20
Cash and savingsLn 1–2$436K$464K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$436K$477K
LiabilitiesLn 26$40K$20K
Net assetsLn 32$397K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$140K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$52K
Legal feesLn 11b$0
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$645
Office expensesLn 13$1K
Information technologyLn 14$239
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$39K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$237K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $404K$425K−$21K$415K 990 PDF
FY2023 $420K$452K−$32K$423K 990 PDF
FY2022 $314K$306K$8K$437K 990 PDF
FY2021 $296K$295K$1K$458K 990 PDF
FY2020 Viewing $298K$237K$61K$457K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $297,506 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,957$2,900
I-9 Program service revenuePrior year $306,137$260,575
I-10 Investment incomePrior year $23,001$19,031
I-11 Other revenuePrior year $0$15,000
I-12 Total revenuePrior year $356,095$297,506
I-13 Grants and similar amounts paidPrior year $143,727$140,288
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $125,884$96,625
I-18 Total expensesPrior year $269,611$236,913
I-19 Revenue less expensesPrior year $86,484$60,593
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $297,506 across 10 lines filed
VIII-1f All other contributions, gifts and grants$2,900
VIII-1h Total contributions, gifts and grants$2,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $260,575$260,575
VIII-3 Investment incomeExcluded from tax $17,785$17,785
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,246$1,246
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,000$15,000
VIII-12 Total revenueRelated to mission $275,575 · Excluded from tax $19,031$297,506
Part IX · Statement of functional expenses $236,913 across 29 lines filed
IX-1 Grants to domestic organizations$140,288
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$52,073
IX-11b Legal fees$0
IX-11c Accounting fees$2,200
IX-11d Lobbying fees$0
IX-11f Investment management fees$1,140
IX-12 Advertising and promotion$645
IX-13 Office expenses$1,020
IX-14 Information technology$239
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$39,308
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expenses$236,913
Part X · Balance sheet $477,433 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $1,005$1,007
X-2 Savings and temporary cash investmentsStart of year $435,475$463,426
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$13,000
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $436,480$477,433
X-17 Accounts payable and accrued expensesStart of year $39,779$20,139
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $39,779$20,139
X-27 Net assets without donor restrictionsStart of year $396,701$457,294
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $396,701$457,294
X-33 Total liabilities and net assetsStart of year $436,480$477,433
Part XI · Reconciliation of net assets $457,294 net assets at year end
XI-1 Total revenue$297,506
XI-2 Total expenses$236,913
XI-3 Revenue less expenses$60,593
XI-4 Net assets at start of year$396,701
XI-10 Net assets at end of year$457,294

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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