Form 990 for tax year 2022

Filed by AMERICAN COLLEGE OF THE BUILDING ARTS.

Totals

Total revenue: $3,856,644
Total expenses: $3,680,355
Contributions and grants received: $936,989
Grants paid: $305,618
Program service revenue: $2,940,934
Investment income: -$36,574
Other revenue: $15,295
Total assets, end of year: $11,878,720
Total liabilities, end of year: $4,786,487
Net assets or fund balances, end of year: $7,092,233
Program services expenses (Part IX): $3,217,115
Management and general expenses: $309,034
Fundraising expenses: $154,206
Program service expenses (Part III): $3,217,115

Program services were 87.4% 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.

1e · Government grants (contributions)

$500
1f · All other contributions, gifts and grants

$936,489
2a · Program service revenue: TUITION AND FEES

total $2,861,394 · related or exempt $2,861,394
2b · Program service revenue: CONTRACT WORK

total $79,540 · related or exempt $79,540
3 · Investment income

total $47,937 · excluded $47,937
7a · Gross sales of assets other than inventory

securities $2,761,576
7b · Less cost or other basis and sales expenses

securities $2,846,087
7c · Gain or loss

securities -$84,511
7d · Net gain or loss

total -$84,511 · excluded -$84,511
11a · Other revenue: OTHER REVENUE

total $15,295 · related or exempt $15,295
11e · Other revenue, total

$15,295

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $305,618 · program services $305,618
5 · Compensation of officers, directors and key employees

total $250,250 · program services $100,732 · management and general $126,143 · fundraising $23,375
7 · Other salaries and wages

total $1,455,685 · program services $1,335,665 · management and general $44,451 · fundraising $75,569
9 · Other employee benefits

total $145,461 · program services $122,478 · management and general $14,546 · fundraising $8,437
10 · Payroll taxes

total $129,808 · program services $109,298 · management and general $12,981 · fundraising $7,529
11b · Fees: legal

total $15 · management and general $15
11c · Fees: accounting

total $10,700 · management and general $10,700
11d · Fees: lobbying

total $27,000 · management and general $27,000
11g · Fees: other

total $50,435 · program services $31,364 · management and general $19,071
12 · Advertising and promotion

total $1,693 · program services $1,693
13 · Office expenses

total $44,688 · program services $17,254 · management and general $23,049 · fundraising $4,385
14 · Information technology

total $71,100 · program services $52,322 · management and general $18,239 · fundraising $539
16 · Occupancy

total $357,939 · program services $351,687 · management and general $2,673 · fundraising $3,579
17 · Travel

total $28,694 · program services $20,720 · management and general $1,329 · fundraising $6,645
19 · Conferences, conventions and meetings

total $85,401 · program services $64,496 · fundraising $20,905
22 · Depreciation, depletion and amortization

total $247,625 · program services $240,196 · management and general $4,953 · fundraising $2,476
23 · Insurance

total $76,688 · program services $72,087 · management and general $3,834 · fundraising $767
24a · Other expenses: INSTRUCTIONAL SUPPLIES

total $323,663 · program services $323,663
24b · Other expenses: STUDENT LIFE AND PROGRAMS

total $64,092 · program services $64,092
24c · Other expenses: LICENSING AND ACCREDITATI

total $3,800 · program services $3,750 · management and general $50

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $165,941 · end of year $287,795
2 · Savings and temporary cash investments

beginning of year $738,150
3 · Pledges and grants receivable

beginning of year $84,911 · end of year $98,934
4 · Accounts receivable

beginning of year $317,728 · end of year $414,672
7 · Other notes and loans receivable

beginning of year $4,266,566 · end of year $586,328
9 · Prepaid expenses and deferred charges

beginning of year $18,212 · end of year $47,836
10a · Land, buildings and equipment: cost or other basis

$8,406,048
10b · Land, buildings and equipment: accumulated depreciation

$1,370,719
10c · Land, buildings and equipment, net

beginning of year $1,288,812 · end of year $7,035,329
11 · Investments: publicly traded securities

beginning of year $2,178,418 · end of year $2,997,792
12 · Investments: other securities

beginning of year $1,812,930 · end of year $358,402
15 · Other assets

beginning of year $186,227 · end of year $51,632
17 · Accounts payable and accrued expenses

beginning of year $157,707 · end of year $246,083
23 · Secured mortgages and notes payable

beginning of year $3,525,372 · end of year $4,540,404
25 · Other liabilities

beginning of year $24,891
27 · Net assets without donor restrictions

beginning of year $5,506,073 · end of year $5,309,730
28 · Net assets with donor restrictions

beginning of year $1,843,852 · end of year $1,782,503

Mission and programs · 2022

Mission

THE AMERICAN COLLEGE OF THE BUILDING ARTS EDUCATES AND TRAINS ARTISANS IN THE TRADITIONAL BUILDING ARTS TO FOSTER EXCEPTIONAL CRAFTSMANSHIP AND ENCOURAGE THE PRESERVATION, ENRICHMENT, AND UNDERSTANDING OF THE WORLD'S ARCHITECTURAL HERITAGE THROUGH A LIBERAL ARTS EDUCATION.

Activities or mission (Part I)

THE AMERICAN COLLEGE OF THE BUILDING ARTS (HEREINAFTER "ACBA- OR "THE COLLEGE") EDUCATES AND TRAINS ARTISANS IN THE TRADITIONAL BUILDING ARTS TO FOSTER EXCEPTIONAL CRAFTSMANSHIP AND ENCOURAGE THE PRESERVATION, ENRICHMENT, AND UNDERSTANDING OF THE WORLD'S ARCHITECTURAL HERITAGE THROUGH A LIBERAL ARTS AND SCIENCES EDUCATION. ACBA IS A LIBERAL ARTS & SCIENCES INSTITUTION IS LICENSED TO OFFER BOTH ASSOCIATE'S (A. A. S.) AND BACHELOR'S (B. A. S.) DEGREES. AS A LIBERAL ARTS & SCIENCES INSTITUTION, ACBA INTEGRATES GENERAL EDUCATION AND THE CRAFT SPECIALIZATIONS CURRICULA, IN ORDER TO PRODUCE THE BEST EDUCATED AND TRAINED BUILDING ARTISANS POSSIBLE. (CONTINUED ON SCHEDULE O)

Expenses $3,217,115 · Grants $305,618 · Revenue $2,940,934

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Piere ManigaultPIERE MANIGAULT

CHAIR

Total calculated

$0

Hours/week

2
John LaverneJOHN LAVERNE

VICE CHAIR

Total calculated

$0

Hours/week

2
Steve BottcherSTEVE BOTTCHER

TREASURER

Total calculated

$0

Hours/week

2
Francine ChristiansenFRANCINE CHRISTIANSEN

SECRETARY

Total calculated

$0

Hours/week

2
Tyler BickerstaffTYLER BICKERSTAFF

TRUSTEE

Total calculated

$0

Hours/week

2
Thomas CarpenterTHOMAS CARPENTER

TRUSTEE

Total calculated

$0

Hours/week

2
William P Copenhaver IIIWILLIAM P COPENHAVER III

TRUSTEE

Total calculated

$0

Hours/week

2
Teresa Boone CreecyTERESA BOONE CREECY

TRUSTEE

Total calculated

$0

Hours/week

2
Robert V DemarcoROBERT V DEMARCO

TRUSTEE

Total calculated

$0

Hours/week

2
Dr Doris R HelmsDR DORIS R HELMS

TRUSTEE

Total calculated

$0

Hours/week

2
Brian HussainBRIAN HUSSAIN

TRUSTEE

Total calculated

$0

Hours/week

2
Carson Knizevski Term EndedCARSON KNIZEVSKI TERM ENDED

TRUSTEE

Total calculated

$0

Hours/week

2
Harry B Limehouse IIIHARRY B LIMEHOUSE III

TRUSTEE

Total calculated

$0

Hours/week

2
Spencer J LynchSPENCER J LYNCH

TRUSTEE

Total calculated

$0

Hours/week

2
Karl E Novak EsqKARL E NOVAK ESQ

TRUSTEE

Total calculated

$0

Hours/week

2
Richard SammonsRICHARD SAMMONS

TRUSTEE

Total calculated

$0

Hours/week

2
John ShannonJOHN SHANNON

TRUSTEE

Total calculated

$0

Hours/week

2
Cheryl Skoog-TagueCHERYL SKOOG-TAGUE

TRUSTEE

Total calculated

$0

Hours/week

2
Walter Seinsheimer JrWALTER SEINSHEIMER JR

TRUSTEE

Total calculated

$0

Hours/week

2
John Trask IIIJOHN TRASK III

TRUSTEE

Total calculated

$0

Hours/week

2
Stephen ZiffSTEPHEN ZIFF

TRUSTEE

Total calculated

$0

Hours/week

2
Lt Gen Ret Colby M BroadwaterLT GEN RET COLBY M BROADWATER

PRESIDENT

Total calculated

$137,500

From this org

$137,500

From related orgs

$0

Other

$0

Hours/week

40
Chad UrbanCHAD URBAN

CFO

Total calculated

$112,750

From this org

$112,750

From related orgs

$0

Other

$0

Hours/week

40
Anthony RazziANTHONY RAZZI

PROFESSOR

Total calculated

$108,513

From this org

$108,513

From related orgs

$0

Other

$0

Hours/week

40

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

TROLLEY BARN LLC

REALESTATE · SC

Directly controlled by COLLEGE

Provenance

Return type: form_990
Tax year: 2022
Filed: 2 May 2024
IRS schema version: 2022v5.0
Source object: 202431249349300718

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