Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $31,450

• 1f · All other contributions, gifts and grants

  $78,147

• 2a · Program service revenue: TUITION INCOME

  total $950,253 · related or exempt $950,253

• 2b · Program service revenue: REGISTRATION FEES

  total $75,906 · related or exempt $75,906

• 3 · Investment income

  total $2,192 · excluded $2,192

• 7a · Gross sales of assets other than inventory

  securities $600

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

  securities $381

• 7c · Gain or loss

  securities $219

• 7d · Net gain or loss

  total $219 · excluded $219

• 8a · Fundraising events: gross income

  $50,400

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

  $31,450

• 8b · Fundraising events: direct expenses

  $42,595

• 8c · Net income from fundraising events

  total $7,805 · excluded $7,805

• 9a · Gaming: gross income

  $1,860

• 9b · Gaming: direct expenses

  $891

• 9c · Net income from gaming

  total $969 · excluded $969

• 11a · Other revenue: VENDING COMMISSIONS

  total $1,092 · excluded $1,092

• 11e · Other revenue, total

  $1,092

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,000 · program services $20,000

• 2 · Grants to domestic individuals

  total $36,929 · program services $36,929

• 5 · Compensation of officers, directors and key employees

  total $21,291 · program services $9,581 · management and general $11,710

• 7 · Other salaries and wages

  total $265,267 · program services $242,085 · management and general $15,940 · fundraising $7,242

• 8 · Pension plan contributions

  total $9,408 · program services $8,966 · management and general $120 · fundraising $322

• 9 · Other employee benefits

  total $22,539 · program services $20,547 · management and general $1,438 · fundraising $554

• 10 · Payroll taxes

  total $26,087 · program services $23,000 · management and general $2,382 · fundraising $705

• 11c · Fees: accounting

  total $16,470 · management and general $16,470

• 11f · Fees: investment management

  total $600 · management and general $600

• 11g · Fees: other

  total $296,728 · program services $257,491 · management and general $39,237

• 13 · Office expenses

  total $25,415 · program services $22,433 · management and general $2,331 · fundraising $651

• 16 · Occupancy

  total $144,718 · program services $144,718

• 17 · Travel

  total $2,395 · management and general $2,395

• 19 · Conferences, conventions and meetings

  total $7,757 · management and general $4,285 · fundraising $3,472

• 22 · Depreciation, depletion and amortization

  total $77,529 · program services $76,659 · management and general $870

• 23 · Insurance

  total $6,540 · management and general $6,540

• 24a · Other expenses: TRAINING MATERIALS

  total $144,790 · program services $144,790

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $31,448 · program services $31,448

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $12,383 · management and general $12,383

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $541,337 · end of year $427,183

• 2 · Savings and temporary cash investments

  end of year $268,527

• 3 · Pledges and grants receivable

  beginning of year $19,939

• 4 · Accounts receivable

  beginning of year $36,000 · end of year $56,371

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,892 · end of year $11,208

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

  $944,868

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

  $896,164

• 10c · Land, buildings and equipment, net

  beginning of year $115,313 · end of year $48,704

• 11 · Investments: publicly traded securities

  beginning of year $85,058 · end of year $97,593

• 15 · Other assets

  beginning of year $129,426 · end of year $44,132

• 17 · Accounts payable and accrued expenses

  beginning of year $86,053 · end of year $219,696

• 19 · Deferred revenue

  beginning of year $45,468 · end of year $62,241

• 25 · Other liabilities

  beginning of year $295,220 · end of year $178,068

• 27 · Net assets without donor restrictions

  beginning of year $324,894 · end of year $359,949

• 28 · Net assets with donor restrictions

  beginning of year $178,330 · end of year $133,764

The filer's explanations (Part III)

PART I, LINE 3

MEMBERS OF THE METROPOLITAN WASHINGTON CHAPTER ASSOCIATED BUILDERS AND CONTRACTORS, INC.'S EXECUTIVE COMMITTEE, UNDER THE LEADERSHIP OF THE CHAIRMAN OF THE BOARD, CONDUCT A PERFORMANCE EVALUATION OF THE CEO (THE ONLY OFFICER/KEY EMPLOYEE) AND REVIEW COMPARABILITY DATA FROM A VARIETY OF RESOURCES TO DETERMINE APPROPRIATE COMPENSATION. THE BOARD OF DIRECTORS IS APPRISED THAT THE DELIBERATION OCCURRED AND A DECISION WAS REACHED BY THE MEMBERS OF THE EXECUTIVE COMMITTEE.