Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $686,094

• 2a · Program service revenue: ELECTRICAL INCOME

  total $1,382,890 · related or exempt $1,382,890

• 2b · Program service revenue: PLUMBING/PAINTING INCOME

  total $928,869 · related or exempt $928,869

• 2c · Program service revenue: CARPENTRY INCOME

  total $879,098 · related or exempt $879,098

• 2d · Program service revenue: LABORER INCOME

  total $771,480 · related or exempt $771,480

• 2f · All other program service revenue

  total $10,923 · related or exempt $10,923

• 3 · Investment income

  total $529,211 · excluded $529,211

• 6a · Gross rents

  real property $29,520

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $29,520

• 6d · Net rental income or loss

  total $29,520 · excluded $29,520

• 7a · Gross sales of assets other than inventory

  securities $1,449,907

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

  securities $1,318,014

• 7c · Gain or loss

  securities $131,893

• 7d · Net gain or loss

  total $131,893 · excluded $131,893

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $125,512

• 7 · Other salaries and wages

  total $1,359,721

• 8 · Pension plan contributions

  total $59,345

• 9 · Other employee benefits

  total $224,747

• 10 · Payroll taxes

  total $110,214

• 11b · Fees: legal

  total $49,397

• 11c · Fees: accounting

  total $81,729

• 11f · Fees: investment management

  total $31,807

• 11g · Fees: other

  total $79,106

• 12 · Advertising and promotion

  total $49,062

• 13 · Office expenses

  total $46,772

• 14 · Information technology

  total $96,846

• 16 · Occupancy

  total $472,047

• 17 · Travel

  total $16,913

• 22 · Depreciation, depletion and amortization

  total $10,195

• 23 · Insurance

  total $20,778

• 24a · Other expenses: TRAINING EXPENSE

  total $423,217

• 24b · Other expenses: AUTO AND EQUIPMENT

  total $39,276

• 24c · Other expenses: EDUCATION EXPENSE

  total $7,520

• 24e · All other expenses

  total $11,110

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,031,139 · end of year $713,757

• 2 · Savings and temporary cash investments

  beginning of year $3,017,293

• 4 · Accounts receivable

  beginning of year $358,499 · end of year $426,566

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,981 · end of year $5,530

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

  $232,125

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

  $131,348

• 10c · Land, buildings and equipment, net

  beginning of year $32,165 · end of year $100,777

• 11 · Investments: publicly traded securities

  beginning of year $7,435,856 · end of year $13,522,151

• 15 · Other assets

  beginning of year $787 · end of year $893,955

• 17 · Accounts payable and accrued expenses

  beginning of year $795,095 · end of year $57,373

• 25 · Other liabilities

  beginning of year $1,104 · end of year $1,280,491

• 27 · Net assets without donor restrictions

  beginning of year $12,085,521 · end of year $14,324,872

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S RELATED PARTY ASSOCIATED BUILDERS AND CONTRACTORS NORTHERN CALIFORNIA CHAPTER ("ABC NORCAL CHAPTER") SETS COMPENSATION FOR THE ORGANIZATION'S CEO BASED ON ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J PART I, LINE 3.