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← AGC EDUCATION AND RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by AGC EDUCATION AND RESEARCH FOUNDATION.

Totals

Total revenue
$2,426,895
Total expenses
$1,314,046
Contributions and grants received
$1,645,206
Grants paid
$698,189
Program service revenue
$0
Investment income
$722,418
Other revenue
$59,271
Total assets, end of year
$15,636,404
Total liabilities, end of year
$400,113
Net assets or fund balances, end of year
$15,236,291
Program services expenses (Part IX)
$766,897
Management and general expenses
$461,877
Fundraising expenses
$85,272
Program service expenses (Part III)
$766,897

Program services were 58.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1c · Fundraising events

    $62,100

  • 1f · All other contributions, gifts and grants

    $1,583,106

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $418,940 · related or exempt $0 · unrelated business $0 · excluded $418,940

  • 5 · Royalties

    total $2,642 · related or exempt $0 · unrelated business $0 · excluded $2,642

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,165,761

  • 7b · Less cost or other basis and sales expenses

    securities $862,283

  • 7c · Gain or loss

    securities $303,478 · other assets $0

  • 7d · Net gain or loss

    total $303,478 · related or exempt $0 · unrelated business $0 · excluded $303,478

  • 8a · Fundraising events: gross income

    $99,750

  • 8a · Fundraising events: contributions included on line 1c

    $62,100

  • 8b · Fundraising events: direct expenses

    $210,988

  • 8c · Net income from fundraising events

    total -$111,238 · unrelated business $0 · excluded -$111,238

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $167,867 · related or exempt $0 · unrelated business $0 · excluded $167,867

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $167,867

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,189 · program services $31,189

  • 2 · Grants to domestic individuals

    total $667,000 · program services $667,000

  • 7 · Other salaries and wages

    total $114,512 · program services $68,708 · management and general $22,902 · fundraising $22,902

  • 11b · Fees: legal

    total $11,359 · program services $0 · management and general $0 · fundraising $11,359

  • 11c · Fees: accounting

    total $32,647 · program services $0 · management and general $32,647 · fundraising $0

  • 11f · Fees: investment management

    total $89,812 · program services $0 · management and general $89,812 · fundraising $0

  • 11g · Fees: other

    total $12,396 · program services $0 · management and general $0 · fundraising $12,396

  • 12 · Advertising and promotion

    total $8,054 · program services $0 · management and general $8,054 · fundraising $0

  • 13 · Office expenses

    total $2,280 · program services $0 · management and general $2,280 · fundraising $0

  • 14 · Information technology

    total $6,000 · program services $0 · management and general $6,000 · fundraising $0

  • 17 · Travel

    total $32,886 · program services $0 · management and general $32,886 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $40,033 · program services $0 · management and general $40,033 · fundraising $0

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $167,868 · program services $0 · management and general $167,868 · fundraising $0

  • 24b · Other expenses: DISCOUNT PLEDGE RECEIVABLE ADJUSTMENT

    total $47,473 · program services $0 · management and general $47,473 · fundraising $0

  • 24c · Other expenses: GOLF TOURNAMENT

    total $38,615 · program services $0 · management and general $0 · fundraising $38,615

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,750 · program services $0 · management and general $6,750 · fundraising $0

  • 24e · All other expenses

    total $5,172 · program services $0 · management and general $5,172 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $479,129 · end of year $236,402

  • 3 · Pledges and grants receivable

    beginning of year $178,459 · end of year $884,381

  • 4 · Accounts receivable

    beginning of year $7,604 · end of year $10,529

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,790 · end of year $32,182

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,095,986 · end of year $12,952,746

  • 12 · Investments: other securities

    beginning of year $4,411,626 · end of year $1,520,164

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,724 · end of year $113,756

  • 18 · Grants payable

    beginning of year $221,500 · end of year $231,875

  • 19 · Deferred revenue

    beginning of year $40,500 · end of year $54,482

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,451,320 · end of year $1,568,818

  • 28 · Net assets with donor restrictions

    beginning of year $11,464,550 · end of year $13,667,473

Mission and programs · 2024

Mission

THE AGC EDUCATION AND RESEARCH FOUNDATION SUPPORTS EDUCATION AND CHAMPIONS RESEARCH FOR THE ADVANCEMENT OF EXPERTISE IN THE CONSTRUCTION INDUSTRY.

Activities or mission (Part I)

THE ORGANIZATION WILL ACHIEVE ITS MISSION (AS STATED BELOW) BY: 1) AWARDING SCHOLARSHIPS TO QUALIFIED UNDERGRADUATE AND/OR GRADUATE STUDENTS ENROLLED AT ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES IN THE FIELD OF CONSTRUCTION OR CONSTRUCTION-RELATED ENGINEERING WHO DEMONSTRATE AN INTEREST IN PURSUING CAREERS IN THE CONSTRUCTION INDUSTRY AND MEET THE FOUNDATION'S ACADEMIC AND EXTRA-CURRICULAR CRITERIA FOR SUCH SCHOLARSHIPS; 2) PROVIDING FINANCIAL ASSISTANCE TO SUPPORT TEACHING FACULTY IN THE FIELD OF CONSTRUCTION OR CONSTRUCTION -RELATED ENGINEERING AT ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES; AND 3) AWARDING FUNDING FOR SCIENTIFIC RESEARCH PROJECTS OR OTHER PROGRAMS DEEMED TO BE BENEFICIAL TO THE ADVANCEMENT OF EDUCATIONAL, TECHNOLOGICAL, OR VOCATIONAL EXPERTISE IN THE INDUSTRY WITH AWARDS BASED IN PART UPON RECOMMENDATIONS OF ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES OR OTHER GROUPS WITH SPECIAL KNOWLEDGE IN CONSTRUCTION OR CONSTRUCTION RELATED ENGINEERING.

  • SCHOLARSHIP, AWARD AND GRANT PROGRAM - THE SCHOLARSHIP, AWARD AND GRANTS PROGRAMS RECOGNIZE QUALIFYING STUDENTS AND UNIVERSITIES, WHO ARE INTERESTED IN CONSTRUCTION AND CIVIL ENGINEERING. SCHOLARSHIPS, AWARDS, AND GRANTS ARE MADE ON THE BASIS OF DEMONSTRATION OF INTEREST IN THE CONSTRUCTION INDUSTRY, SCHOLASTIC OR TEACHING QUALIFICATIONS, AND THE STUDENT OR TEACHER'S NEED FOR FINANCIAL ASSISTANCE. SCHOLARSHIPS WERE AWARDED TO 149 UNDERGRADUATE, 14 GRADUATE STUDENTS AND 22 TO CRAFT/TECHNICAL TRAINING STUDENTS DURING 2024.

    Expenses $691,653 · Grants $644,445

  • INDUSTRY RESIDENCY PROGRAM - THIS PROGRAM ENRICHES THE CLASSROOM EXPERIENCE OF CONSTRUCTION STUDENTS BY PROVIDING OPPORTUNITIES FOR SELECTED FACULTY MEMBERS TO GAIN CONSTRUCTION EXPERIENCE THROUGH SUMMER INTERNSHIPS WITH AGC MEMBER COMPANIES. THE PROGRAM IS DESIGNED TO BE A PARTNERSHIP AMONG THE ACADEMIC INSTITUTION, A CONSTRUCTION FIRM OR ORGANIZATION, AND THE FOUNDATION. THE FOUNDATION PARTNERED WITH FOUR AGC MEMBER COMPANIES AND PROFESSORS IN 2024.

    Expenses $39,995 · Grants $39,995

  • INDUSTRY CASE STUDIES ARE WRITTEN BY FACULTY-CONTRACTOR AGC MEMBER TEAMS AND BASED ON ACTUAL EXPERIENCE PROVIDING STUDENTS WITH THE OPPORTUNITY TO WORK THROUGH ISSUES IN A CLASSROOM ENVIRONMENT.

    Expenses $21,500

  • AWARDS

    Expenses $13,749 · Grants $13,749

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine Souders

    SECRETARY

    Total calculated
    $402,161
    From this org
    $0
    From related orgs
    $342,408
    Other
    $59,753
    Hours/week
    3 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,408 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $31,241 related
    Nontaxable benefits
    $0 + $28,512 related
    Filer's total
    $0 + $402,161 related

  • Francis W Madigan III

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Maryanne Guido

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Philip E Beck

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Al Landes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ashley Phelps

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Maibach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eddie Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Charczenko Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leonard P Toenjes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lester C Snyder III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rachel Wilber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert C Lanham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Sapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen C Vanderbloemen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • W Milton Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zofia Rybkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • CHICO STATE ENTERPRISES

    $10,000

    INDUSTRY RESIDENCY

  • UNIVERSITY OF CINCINNATI

    $10,000

    INDUSTRY RESIDENCY

  • UNIVERSITY OF TEXAS SAN ANTONIO

    $9,995

    INDUSTRY RESIDENCY

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.1
Source object
202513209349300256

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