Form 990 for tax year 2024
Filed by ASSOCIATED BUILDERS & CONTRACTORS OF IOWA.
Totals
- Total revenue
- $2,818,910
- Total expenses
- $2,561,506
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,674,943
- Investment income
- $142,867
- Other revenue
- $1,100
- Total assets, end of year
- $5,477,635
- Total liabilities, end of year
- $1,555,621
- Net assets or fund balances, end of year
- $3,922,014
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $2,561,506
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: DUES
total $1,614,439 · related or exempt $1,614,439
-
2b · Program service revenue: ADMINISTRATION SERVICE
total $748,894 · related or exempt $748,894
-
2c · Program service revenue: MEMBERSHIP EVENTS
total $239,054 · related or exempt $239,054
-
2d · Program service revenue: SAFETY
total $49,806 · related or exempt $49,806
-
2e · Program service revenue: EDUCATION AND TRAINING
total $22,750 · related or exempt $22,750
-
3 · Investment income
total $138,072 · related or exempt $138,072
-
7a · Gross sales of assets other than inventory
securities $482,810 · other assets $9,000
-
7b · Less cost or other basis and sales expenses
securities $487,015 · other assets $0
-
7c · Gain or loss
securities -$4,205 · other assets $9,000
-
7d · Net gain or loss
total $4,795 · related or exempt $4,795
-
11a · Other revenue: FLEET MARKETING PROGRA
total $1,100 · unrelated business $1,100
-
11e · Other revenue, total
$1,100
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $543,039
-
7 · Other salaries and wages
total $521,581
-
8 · Pension plan contributions
total $29,490
-
9 · Other employee benefits
total $139,732
-
10 · Payroll taxes
total $73,006
-
11b · Fees: legal
total $3,425
-
11c · Fees: accounting
total $12,400
-
11d · Fees: lobbying
total $10,272
-
11f · Fees: investment management
total $8,578
-
11g · Fees: other
total $104,943
-
12 · Advertising and promotion
total $4,191
-
13 · Office expenses
total $58,107
-
14 · Information technology
total $42,005
-
16 · Occupancy
total $81,746
-
17 · Travel
total $66,483
-
19 · Conferences, conventions and meetings
total $43,122
-
20 · Interest
total $1,704
-
21 · Payments to affiliates
total $313,427
-
22 · Depreciation, depletion and amortization
total $35,363
-
23 · Insurance
total $47,959
-
24a · Other expenses: TAX
total $293
-
24b · Other expenses: MEMBER EVENTS
total $207,062
-
24c · Other expenses: GOV'T AFFAIR CONTRACT
total $111,164
-
24d · Other expenses: SPECIAL PROJECTS
total $57,322
-
24e · All other expenses
total $45,092
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $337,011 · end of year $91,782
-
2 · Savings and temporary cash investments
beginning of year $3,607,247 · end of year $4,082,305
-
4 · Accounts receivable
beginning of year $56,075 · end of year $65,504
-
9 · Prepaid expenses and deferred charges
beginning of year $279,413 · end of year $280,046
-
10a · Land, buildings and equipment: cost or other basis
$516,247
-
10b · Land, buildings and equipment: accumulated depreciation
$436,382
-
10c · Land, buildings and equipment, net
beginning of year $81,895 · end of year $79,865
-
12 · Investments: other securities
beginning of year $841,468 · end of year $878,133
-
17 · Accounts payable and accrued expenses
beginning of year $54,959 · end of year $77,916
-
19 · Deferred revenue
beginning of year $1,496,890 · end of year $1,477,705
-
27 · Net assets without donor restrictions
beginning of year $3,651,260 · end of year $3,922,014
Mission and programs · 2024
Mission
TO FOSTER THE PRINCIPLES OF FREEDOM OF CHOICE THROUGH THE MERIT CONSTRUCTION PHILOSOPHY.
Activities or mission (Part I)
CONSTRUCTION EDUCATION TRAINING AND SAFETY EDUCATION.
-
PROVIDE CONSTRUCTION EDUCATION CLASSES FOR EMPLOYEES OF MEMBER ORGANIZATIONS. PROVIDE SAFETY TRAINING AND EDUCATION.
Expenses $2,561,506 · Revenue $2,817,810
As filed on the 2024 return.
Listed in Part VII
-
Wes FultonWES FULTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brad NatzkeBRAD NATZKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Curtis PikeCURTIS PIKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom ProctorTOM PROCTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bret WagonerBRET WAGONER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike O'DayMIKE O'DAY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rusty RoheRUSTY ROHE
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Roger CannoyROGER CANNOY
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jim EllisJIM ELLIS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Zach SimsZACH SIMS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Greg SpennerGREG SPENNER
PRESIDENT & CEO
- Total calculated
- $311,391
- From this org
- $261,776
- From related orgs
- $0
- Other
- $49,615
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $219,839
- Bonus
- $41,937
- Other
- $0
- Deferred
- $16,691
- Nontaxable benefits
- $32,924
- Filer's total
- $311,391
-
Virginnia ShindelarVIRGINNIA SHINDELAR
VICE PRESIDENT
- Total calculated
- $231,648
- From this org
- $188,370
- From related orgs
- $0
- Other
- $43,278
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $179,998
- Bonus
- $8,372
- Other
- $0
- Deferred
- $11,728
- Nontaxable benefits
- $31,550
- Filer's total
- $231,648
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
- 3 · Approval by the board or compensation committee
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.
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.
-
ASSOCIATED BUILDERS AND CONTRACTORS
501 (C)(6) · NATIONAL AFFILIATE · DC
-
ASSOCIATED BUILDERS AND CONTRACTORS OF IOWA - APPRENTICESHIP TRUST FUND
501 (C)(3) · APPRENTICESHIP TRAINING AND EDUCATION · IA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541149349300909
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