Associated Builders and Contractors FY2023 filing

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To promote free enterprise by advancing the merit shop philosophy in the construction industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$453K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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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
4 of 5
filings with a surplus
Average surplus $189K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$453K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.4M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+14% vs prior year
Spent
$3.4M
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$3.5M
FY2023▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.2M
FY2022$3.0M
FY2023$3.5M
FY2024$3.4M
Expenses
$3.4M
FY2023▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.5M
FY2022$2.9M
FY2023$3.4M
FY2024$3.7M
Net assets
$3.0M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.9M
FY2022$2.9M
FY2023$3.0M
FY2024$2.8M

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

19 people listed on the 990; $453K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP of Membership & Business Development
$128,095Pt VII · Sec A
Director of Govt Affairs
$104,393Pt VII · Sec A
President (thru 3/2022)
$89,140Pt VII · Sec A
President (thru 7/2023)
$81,407Pt VII · Sec A
VP Education & Outreach
$49,550Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michele Daugherty—$89,140$120,699$194,303$186,730
John Morris$180,662————
Drusilla Flores - VP of$129,931————
Drusilla Flores—$128,095———
Deborah Maus—$81,407$105,723——
Mathew Estipona—$104,393———
Nicole Goehring——$89,491$93,618$89,284
Charles Vernocy——$57,987$80,186$69,856

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 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 free enterprise by advancing merit shop principles in construction.

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Provided by the organization

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2 programs · in their own filed words · FY2023
01

Chapter meetings are held periodically to conduct association business and provide members with a networking opportunity and provide educational opportunities through guest speakers.

Pt IX · col B
02

Seminars covering construction-related topics are being provided for prospective members, community partners, members, and member employees.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$48K
Other incomeLn 4–11$7K
Money outPt IX
$3.4M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$5.5M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
19
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$48K
Other incomeLn 4–11$7K
Gains on assetsLn 7−$33K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$512K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$37K
Other assetsLn 15$28K
Total assetsLn 16$5.5M
LiabilitiesLn 26$2.4M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 541
VolunteersI 612
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$2.3M$2.0M
InvestmentsLn 11–13$1.5M$1.6M
Land, buildings, equipmentLn 10c$44K$37K
Total assetsLn 16$5.5M$5.5M
LiabilitiesLn 26$2.6M$2.4M
Net assetsLn 32$2.9M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K
Pay of disqualified personsLn 6$1.3M
Pension plan contributionsLn 8$38K
Other employee benefitsLn 9$126K
Payroll taxesLn 10$103K
Legal feesLn 11b$15K
Accounting feesLn 11c$70K
Investment management feesLn 11f$5K
Other fees for servicesLn 11g$14K
Advertising and promotionLn 12$46K
Office expensesLn 13$105K
Information technologyLn 14$77K
OccupancyLn 16$53K
TravelLn 17$27K
Travel and entertainment for public officialsLn 18$19K
Depreciation, depletion and amortizationLn 22$16K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$1.1M
All other expensesLn 24e$207K
Total functional expensesLn 25$3.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.4M$3.7M−$225K$2.8M 990 PDF
FY2023 Viewing $3.5M$3.4M$17K$3.0M 990 PDF
FY2022 $3.0M$2.9M$132K$2.9M 990 PDF
FY2021 $3.2M$2.5M$709K$2.9M 990 PDF
FY2020 $2.5M$2.2M$309K$2.2M 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 FY2023 990 (6 parts)
Part I · Summary $3,466,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,011,484$3,410,648
I-10 Investment incomePrior year $12,461$48,440
I-11 Other revenuePrior year $4,076$6,918
I-12 Total revenuePrior year $3,028,021$3,466,006
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 $1,500,163$1,666,872
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,395,853$1,782,183
I-18 Total expensesPrior year $2,896,016$3,449,055
I-19 Revenue less expensesPrior year $132,005$16,951
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $3,466,006 across 5 lines filed
Lines not itemized here account for $488 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,410,648$3,410,648
VIII-3 Investment incomeExcluded from tax $81,276$81,276
VIII-6 Net rental income or lossExcluded from tax $6,430$6,430
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$32,836−$32,836
VIII-12 Total revenueRelated to mission $3,410,648 · Unrelated business $0 · Excluded from tax $55,358$3,466,006
Part IX · Statement of functional expenses $3,449,055 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$89,762
IX-6 Pay of disqualified persons$1,310,919
IX-8 Pension plan contributions$37,707
IX-9 Other employee benefits$125,805
IX-10 Payroll taxes$102,679
IX-11b Legal fees$15,044
IX-11c Accounting fees$69,974
IX-11f Investment management fees$5,145
IX-11g Other fees for services$14,425
IX-12 Advertising and promotion$45,646
IX-13 Office expenses$105,485
IX-14 Information technology$77,182
IX-16 Occupancy$53,300
IX-17 Travel$26,988
IX-18 Travel and entertainment for public officials$19,154
IX-22 Depreciation, depletion and amortization$16,363
IX-23 Insurance$25,034
IX-24 Other expenses (24a–d)$1,101,714
IX-24e All other expenses$206,729
IX-25 Total functional expenses$3,449,055
Part X · Balance sheet $5,460,221 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,021,720$1,486,233
X-2 Savings and temporary cash investmentsStart of year $1,237,878$512,203
X-4 Accounts receivableStart of year $1,280,413$1,371,984
X-9 Prepaid expenses and deferred chargesStart of year $379,129$393,948
X-10c Land, buildings and equipment, netStart of year $43,548$36,879
X-11 Publicly traded securitiesStart of year $1,477,617$1,630,844
X-15 Other assetsStart of year $19,828$28,130
X-16 Total assetsStart of year $5,460,133$5,460,221
X-17 Accounts payable and accrued expensesStart of year $367,733$147,051
X-19 Deferred revenueStart of year $1,906,710$1,846,191
X-24 Unsecured notes and loans payableStart of year $14,207$12,374
X-25 Other liabilitiesStart of year $296,426$421,975
X-26 Total liabilitiesStart of year $2,585,076$2,427,591
X-27 Net assets without donor restrictionsStart of year $2,875,057$3,032,630
X-32 Total net assets or fund balancesStart of year $2,875,057$3,032,630
X-33 Total liabilities and net assetsStart of year $5,460,133$5,460,221
Part XI · Reconciliation of net assets $3,032,630 net assets at year end
XI-1 Total revenue$3,466,006
XI-2 Total expenses$3,449,055
XI-3 Revenue less expenses$16,951
XI-4 Net assets at start of year$2,875,057
XI-5 Net unrealized gains (losses) on investments$134,528
XI-8 Prior period adjustments$6,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,032,630

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

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