Totals
- Total revenue
- $286,540
- Total expenses
- $70,586
- Contributions and grants received
- $248,191
- Grants paid
- $53,000
- Program service revenue
- $0
- Investment income
- $38,349
- Other revenue
- $0
- Total assets, end of year
- $1,252,249
- Total liabilities, end of year
- $118,049
- Net assets or fund balances, end of year
- $1,134,200
- Program services expenses (Part IX)
- $53,000
- Management and general expenses
- $17,586
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $53,000
Program services were 75.1% 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
$248,191
-
3 · Investment income
total $33,378 · related or exempt $33,378
-
7a · Gross sales of assets other than inventory
securities $187,449
-
7b · Less cost or other basis and sales expenses
securities $182,478
-
7c · Gain or loss
securities $4,971
-
7d · Net gain or loss
total $4,971 · related or exempt $4,971
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $53,000 · program services $53,000
-
11f · Fees: investment management
total $11,335 · management and general $11,335
-
11g · Fees: other
total $6,251 · management and general $6,251
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $328,605 · end of year $132,308
-
4 · Accounts receivable
beginning of year $62,000 · end of year $10,000
-
11 · Investments: publicly traded securities
beginning of year $530,506 · end of year $1,102,558
-
15 · Other assets
beginning of year $7,383 · end of year $7,383
-
17 · Accounts payable and accrued expenses
beginning of year $10,248 · end of year $112,452
-
25 · Other liabilities
end of year $5,597
-
27 · Net assets without donor restrictions
beginning of year $918,246 · end of year $1,134,200
Mission and programs · 2024
Mission
THE FOUNDATION IS FORMED TO ADMINISTER AN EXTENSIVE AND BROADLY-BASED PROGRAM THAT THROUGH THE RAISING OF FUNDS SHALL PROVIDE GRANTS, SCHOLARSHIPS, AWARDS, TRAINING SUPPLIES AND OTHER FORMS OF ASSISTANCE TO QUALIFIED INDIVIDUALS, ORGANIZATIONS OR FAMILIES WHICH ARE OR HAVE BEEN PURSUING AND/OR APPLYING KNOWLEDGE AND/OR SKILL IN THE CONSTRUCTION INDUSTRY OR TRADES AND WHICH MAINTAIN THE MERIT SHOP AND FREE MARKET PRINCIPLES.
-
THE FOUNDATION DISTRIBUTES ACADEMIC ACHIEVEMENT AWARDS TO QUALIFIED STUDENTS PURSUING EDUCATION IN THE CONSTRUCTION INDUSTRY AND PROVIDES IMMEDIATE FINANCIAL SUPPORT TO INJURED INDUSTRY PROFESSIONALS AND/OR THEIR FAMILIES IN A TIME OF NEED.
Expenses $53,000 · Grants $53,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter M DygaPETER M DYGA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Brett AtkinsonBRETT ATKINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Clay FischerCLAY FISCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rex KirbyREX KIRBY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
James McConchieJAMES MCCONCHIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ron PearsonRON PEARSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Harold YarboroughHAROLD YARBOROUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513149349303141
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