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← AGC OF KENTUCKY INC

Form 990 for tax year 2022

Filed by AGC OF KENTUCKY INC.

Totals

Total revenue
$1,087,024
Total expenses
$1,129,788
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,062,260
Investment income
$16,354
Other revenue
$8,410
Total assets, end of year
$2,168,303
Total liabilities, end of year
$548,612
Net assets or fund balances, end of year
$1,619,691
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $684,846 · related or exempt $684,846

  • 2b · Program service revenue: SIF SERVICE FEES

    total $163,443 · related or exempt $163,443

  • 2c · Program service revenue: SAFETY SEMINARS AND TRAINING

    total $128,425 · related or exempt $128,425

  • 2d · Program service revenue: MEMBERSHIP EVENTS

    total $71,738 · related or exempt $71,738

  • 2e · Program service revenue: KY CONSTRUCTION IND TRUST FEE

    total $13,808 · related or exempt $13,808

  • 3 · Investment income

    total $29,170 · excluded $29,170

  • 7a · Gross sales of assets other than inventory

    securities $1,093,569

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

    securities $1,106,385

  • 7c · Gain or loss

    securities -$12,816

  • 7d · Net gain or loss

    total -$12,816 · related or exempt -$12,816

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,410 · related or exempt $8,410

  • 11e · Other revenue, total

    $8,410

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $231,305

  • 7 · Other salaries and wages

    total $157,271

  • 8 · Pension plan contributions

    total $1,602

  • 9 · Other employee benefits

    total $136,649

  • 10 · Payroll taxes

    total $31,179

  • 11a · Fees: management

    total $16,200

  • 11b · Fees: legal

    total $10,789

  • 11c · Fees: accounting

    total $8,700

  • 11f · Fees: investment management

    total $13,215

  • 11g · Fees: other

    total $81,429

  • 12 · Advertising and promotion

    total $2,400

  • 13 · Office expenses

    total $16,044

  • 14 · Information technology

    total $21,769

  • 16 · Occupancy

    total $26,727

  • 20 · Interest

    total $11,561

  • 21 · Payments to affiliates

    total $134,830

  • 22 · Depreciation, depletion and amortization

    total $13,939

  • 23 · Insurance

    total $19,901

  • 24a · Other expenses: SAFETY SEMINARS

    total $70,266

  • 24b · Other expenses: MEMBERSHIP EVENTS

    total $46,248

  • 24c · Other expenses: AGC EVENT

    total $28,058

  • 24d · Other expenses: AUTOMOBILE EXPENSES

    total $17,383

  • 24e · All other expenses

    total $32,323

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $510,947 · end of year $471,453

  • 4 · Accounts receivable

    beginning of year $18,150 · end of year $31,430

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,270 · end of year $225

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

    $786,486

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

    $412,235

  • 10c · Land, buildings and equipment, net

    beginning of year $388,190 · end of year $374,251

  • 11 · Investments: publicly traded securities

    beginning of year $1,606,588 · end of year $1,290,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,278 · end of year $36,640

  • 19 · Deferred revenue

    beginning of year $355,009 · end of year $288,815

  • 24 · Unsecured notes and loans payable

    beginning of year $235,573 · end of year $223,157

  • 27 · Net assets without donor restrictions

    beginning of year $1,924,285 · end of year $1,619,691

Mission and programs · 2022

Mission

AGC SERVES OUR COMMONWEALTH'S CONSTRUCTION PROFESSIONALS BY PROMOTING THE SKILL, INTEGRITY, AND RESPONSIBILITY OF THOSE WHO BUILD KENTUCKY.

  • AGC SERVES OUR COMMONWEALTH'S CONSTRUCTION PROFESSIONALS BY PROMOTING THE SKILL, INTEGRITY, AND RESPONSIBILITY OF THOSE WHO BUILD KENTUCKY.

As filed on the 2022 return.

Listed in Part VII

  • Richard Vincent

    SECRETARY

    Total calculated
    $231,305
    From this org
    $220,000
    From related orgs
    $0
    Other
    $11,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $60,000
    Other
    not reported
    Deferred
    $11,305
    Nontaxable benefits
    not reported
    Filer's total
    $231,305
  • Chris Barnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Branscum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Keith Caudill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Casey Dunn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ben Dycus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff England

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Bill Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rebekah Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Doug Hacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Judy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Mosley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Opalka

    EXEC. COMMIT

    Total calculated
    $0
    Hours/week
    1
  • John Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kyle Plomin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cassidy Rosenthal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wes Simpson

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    1
  • Chris Tyler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Greg Wilson

    IMM PAST PRE

    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

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349322235

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