Form 990 for tax year 2022
Filed by THE FOUNDATION OF THE AMERICAN SUBCONTRACTORS ASSOCIATION INC.
Totals
- Total revenue
- $186,341
- Total expenses
- $78,389
- Contributions and grants received
- $176,704
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $9,637
- Other revenue
- $0
- Total assets, end of year
- $952,180
- Total liabilities, end of year
- $13,360
- Net assets or fund balances, end of year
- $938,820
- Program services expenses (Part IX)
- $74,708
- Management and general expenses
- $3,681
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $74,708
Program services were 95.3% 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
$176,704
-
3 · Investment income
total $9,637 · excluded $9,637
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $415 · management and general $415
-
11f · Fees: investment management
total $2,213 · management and general $2,213
-
11g · Fees: other
total $59,500 · program services $59,500
-
12 · Advertising and promotion
total $9,008 · program services $9,008
-
14 · Information technology
total $6,200 · program services $6,200
-
24a · Other expenses: TRAVEL
total $1,015 · management and general $1,015
-
24b · Other expenses: BANK FEES
total $38 · management and general $38
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $82,067 · end of year $82,029
-
3 · Pledges and grants receivable
beginning of year $7,000
-
4 · Accounts receivable
beginning of year $648 · end of year $648
-
9 · Prepaid expenses and deferred charges
beginning of year $100 · end of year $100
-
11 · Investments: publicly traded securities
beginning of year $314,723 · end of year $325,927
-
12 · Investments: other securities
beginning of year $404,152 · end of year $404,152
-
15 · Other assets
beginning of year $18,398 · end of year $139,324
-
19 · Deferred revenue
beginning of year $0 · end of year $13,360
-
27 · Net assets without donor restrictions
beginning of year $718,217 · end of year $829,949
-
28 · Net assets with donor restrictions
beginning of year $108,871 · end of year $108,871
Mission and programs · 2022
Mission
WORK TO IMPROVE THE BUSINESS PRACTICES IN THE CONSTRUCTION INDUSTRY THROUGH RESEARCH, EDUCATION AND THE DISSEMINATION OF INFORMATION.
-
RESEARCH, EDUCATION AND COMMUNICATION: CONDUCT AND FUND RESEARCH ON THE CONSTRUCTION INDUSTRY. ACHIEVEMENTS INCLUDED FUNDING ACADEMIC RESEARCH ON THE CONSTRUCTION INDUSTRY AND FACILITATING THE DISTRIBUTION OF THE RESEARCH RESULTS TO THE CONSTRUCTION INDUSTRY.PROVIDE BUSINESS MANAGEMENT EDUCATION TO THE CONSTRUCTION INDUSTRY. ACHIEVEMENTS INCLUDED PROVIDING EDUCATIONAL PROGRAMMING THROUGH WRITTEN AND RECORDED MATERIALS; AND THE INTERNET, INCLUDING DISCUSSION GROUPS.COMMUNICATE IN A TIMELY, FOCUSED, INTERACTIVE AND EFFECTIVE MANNER. ACHIEVEMENTS INCLUDED PUBLISHING A QUARTERLY EDUCATIONAL JOURNAL.
Expenses $74,708
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John LeifesterJOHN LEIFESTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
William Burke JrWILLIAM BURKE JR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Shiela OhrenbergSHIELA OHRENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patty PetersonPATTY PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad MillerBRAD MILLER
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth JustisELIZABETH JUSTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer SwinneyJENNIFER SWINNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Courtney LittleCOURTNEY LITTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bethany BeckBETHANY BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard BrightRICHARD BRIGHT
CEO
- Total calculated
- $0
- Hours/week
- 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.
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.
-
AMERICAN SUBCONTRACTORS ASSOCIATION
501(C)(6) · TRADE ASSOCIATION · DC
-
AMERICAN SUBCONTRACTORS ASSOCIATION-POLITICAL ACTION COMMITTEE
527 · POLITICAL ACTION COMMITTEE · VA
Directly controlled by AMERICAN SUBCONTRACTORS ASSOCIATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
ASA LIMITED PARTNERSHIP
INVESTMENT · RENTAL OF REAL ESTATE · VA · 60.53% owned · share of income -$39 · share of assets $90,953 · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349307292
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