Form 990 for tax year 2023
Filed by ASSOCIATED BUILDERS AND CONTRACTORS INC.
Totals
- Total revenue
- $1,306,969
- Total expenses
- $1,243,454
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,263,160
- Investment income
- $24,767
- Other revenue
- $19,042
- Total assets, end of year
- $1,923,557
- Total liabilities, end of year
- $800,685
- Net assets or fund balances, end of year
- $1,122,872
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOCAL MEMBERSHIP DUES
total $820,510 · related or exempt $820,510
-
2b · Program service revenue: NATIONAL MEMBERSHIP DU
total $246,796 · related or exempt $246,796
-
2c · Program service revenue: CONVENTIONS/SEMINARS
total $92,814 · related or exempt $92,814
-
2d · Program service revenue: MEMBERSHIP/BUSINESS DE
total $75,576 · related or exempt $75,576
-
2e · Program service revenue: FREE ENTERPRISE ALLIAN
total $19,174 · related or exempt $19,174
-
2f · All other program service revenue
total $8,290 · related or exempt $8,290
-
3 · Investment income
total $24,767 · excluded $24,767
-
5 · Royalties
total $13,117 · excluded $13,117
-
11a · Other revenue: ADVERTISING INCOME
total $5,925 · unrelated business $5,925
-
11e · Other revenue, total
$5,925
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $161,312
-
7 · Other salaries and wages
total $311,660
-
8 · Pension plan contributions
total $27,822
-
9 · Other employee benefits
total $53,496
-
10 · Payroll taxes
total $42,385
-
11b · Fees: legal
total $8,786
-
11c · Fees: accounting
total $34,010
-
13 · Office expenses
total $58,343
-
16 · Occupancy
total $61,008
-
17 · Travel
total $36,378
-
19 · Conferences, conventions and meetings
total $98,154
-
21 · Payments to affiliates
total $246,796
-
22 · Depreciation, depletion and amortization
total $3,007
-
23 · Insurance
total $5,464
-
24a · Other expenses: MEMBERSHIP/BUSINESS DEV
total $54,882
-
24b · Other expenses: MEMBER RELATIONS
total $25,950
-
24c · Other expenses: PUBLICATIONS
total $9,105
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $3,451
-
24e · All other expenses
total $1,445
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $350,825 · end of year $595,881
-
2 · Savings and temporary cash investments
beginning of year $569,397 · end of year $306,707
-
4 · Accounts receivable
end of year $54,064
-
9 · Prepaid expenses and deferred charges
beginning of year $191,302 · end of year $173,550
-
10a · Land, buildings and equipment: cost or other basis
$157,288
-
10b · Land, buildings and equipment: accumulated depreciation
$153,875
-
10c · Land, buildings and equipment, net
beginning of year $5,370 · end of year $3,413
-
11 · Investments: publicly traded securities
beginning of year $706,761 · end of year $780,990
-
15 · Other assets
beginning of year $0 · end of year $8,952
-
17 · Accounts payable and accrued expenses
beginning of year $113,290 · end of year $108,127
-
19 · Deferred revenue
beginning of year $705,806 · end of year $683,581
-
25 · Other liabilities
beginning of year $0 · end of year $8,977
-
27 · Net assets without donor restrictions
beginning of year $1,004,559 · end of year $1,122,872
Mission and programs · 2023
Mission
CONTINUALLY STRIVE TO BE THE LEADING VOICE PROMOTING FREE ENTERPRISE WITHIN THE CONSTRUCTION INDUSTRY, AS WELL AS PROMOTING AND DEFENDING THE MERIT SHOP PHILOSOPHY. THIS PHILOSOPHY ENCOURAGES OPEN COMPETITION AND A FREE-ENTERPRISE APPROACH TO CONSTRUCTION BASED SOLELY ON MERIT, REGARDLESS OF LABOR AFFILIATION.
Activities or mission (Part I)
TO PROMOTE COMPETITION AND FREE ENTERPRISE IN THE CONTRACTOR INDUSTRY IN MINNESOTA.
-
GOVERNMENT AFFAIRS: PROMOTE INTEREST OF MERIT SHOP CONTRACTORS AT ALL LEVELS OF THE GOVERNMENT.
-
BUSINESS DEVELOPMENT: CREATE OPPORTUNITIES TO GROW BUSINESS NETWORKS.
-
EDUCATION AND TRAINING: PROVIDE PROGRAM INFORMATION AND INSTRUCTION IN KEY AREAS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jim HarmonJIM HARMON
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chris RiceCHRIS RICE
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Karl Von KnobelsdorffKARL VON KNOBELSDORFF
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jason LovenJASON LOVEN
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert JodsaasROBERT JODSAAS
PAST-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tom RevnewTOM REVNEW
CHAPTER COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Bryce MurphyBRYCE MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gordie SchmitzGORDIE SCHMITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad SmithBRAD SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BauerMIKE BAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Jones-VogelLESLIE JONES-VOGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave ZavoralDAVE ZAVORAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam HansonADAM HANSON
PRESIDENT
- Total calculated
- $161,312
- From this org
- $129,588
- From related orgs
- $0
- Other
- $31,724
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $129,588
- Bonus
- $0
- Other
- $0
- Deferred
- $4,927
- Nontaxable benefits
- $26,797
- Filer's total
- $161,312
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF THE PRESIDENT AND ANY KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE WHICH CONSISTS OF EXECUTIVE COMMITTEE MEMBERS WHO HAVE NO CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION UNDER REVIEW, IN ACCORDANCE WITH APPLICABLE IRS REGULATIONS. IN CONDUCTING SUCH REVIEW, THE COMMITTEE REVIEWS DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS AND MAKES CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THIS PROCESS WAS LAST CONDUCTED IN 2021 FOR THE PRESIDENT, ADAM HANSON.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349305351
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