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← ASSOCIATED BUILDERS AND CONTRACTORS PELICAN EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by ASSOCIATED BUILDERS AND CONTRACTORS PELICAN EDUCATION FOUNDATION INC.

Totals

Total revenue
$10,774,957
Total expenses
$17,948
Contributions and grants received
$10,709,965
Grants paid
$0
Program service revenue
$0
Investment income
$64,992
Other revenue
$0
Total assets, end of year
$12,556,770
Total liabilities, end of year
$209,623
Net assets or fund balances, end of year
$12,347,147
Program services expenses (Part IX)
$0
Management and general expenses
$17,948
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.

  • 1f · All other contributions, gifts and grants

    $10,709,965

  • 3 · Investment income

    total $64,992 · excluded $64,992

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 22 · Depreciation, depletion and amortization

    total $14,000 · management and general $14,000

  • 23 · Insurance

    total $669 · management and general $669

  • 24a · Other expenses: PROPERTY TAXES

    total $1,429 · management and general $1,429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,319,738 · end of year $1,432,532

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $8,672,000

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

    $2,266,238

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

    $14,000

  • 10c · Land, buildings and equipment, net

    beginning of year $270,400 · end of year $2,252,238

  • 15 · Other assets

    beginning of year $0 · end of year $200,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $209,623

  • 27 · Net assets without donor restrictions

    beginning of year $1,590,138 · end of year $12,347,147

Mission and programs · 2024

Mission

TO FURTHER EDUCATIONAL PURPOSES FOR THE GENERAL PUBLIC IN CAREERS IN CONSTRUCTION INDUSTRY IN LOUISIANA.

Activities or mission (Part I)

TO ADVANCE CAREERS IN THE CONSTRUCTION INDUSTRY BY SUPPORTING AND PROVIDING EDUCATION AND TRAINING TO INDIVIDUALS IN THE WORKFORCE FOR THE PURPOSE OF IMPROVING THEIR LIVES AND CAPABILITIES. ALSO TO RAISE AND DISTRIBUTE IMPACTFUL FUNDING FOR CONSTRUCTION EDUCATION ACROSS LOUISIANA AND THE GULF SOUTH.

  • DEVELOPMENT OF A NEW EDUCATIONAL FACILITY TO BE LOCATED IN SOUTHWEST LOUISIANA, AN AREA OF THE STATE WITH A LARGE INDUSTRIAL PRESENCE AND EXCELLENT EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS TO EARN FAMILY-SUSTAINING PAY IF THEY RECEIVE THE CORRECT EDUCATION AND INDUSTRY-BASED CERTIFICATIONS.

As filed on the 2024 return.

Listed in Part VII

  • Thad Rispone

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Christian Fast

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Andy Lopez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • David Franks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Schempf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • David Helveston

    EXECUTIVE DIRECTOR

    Total calculated
    $399,244
    From this org
    $0
    From related orgs
    $354,340
    Other
    $44,904
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,340 related
    Bonus
    $0 + $92,000 related
    Other
    $0 + $12,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $44,904 related
    Filer's total
    $0 + $399,244 related

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543179349308474

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