Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $207,013

• 1f · All other contributions, gifts and grants

  $1,271,204

• 2a · Program service revenue: MEMBERSHIP DUES

  total $10,950,455 · related or exempt $10,950,455 · unrelated business $0 · excluded $0

• 2b · Program service revenue: MANAGEMENT CONFERENCES

  total $4,302,032 · related or exempt $4,302,032 · unrelated business $0 · excluded $0

• 2c · Program service revenue: ANNUAL CONVENTION/CENTENNIAL

  total $2,766,487 · related or exempt $2,766,487 · unrelated business $0 · excluded $0

• 2d · Program service revenue: AFFINITY PROGRAM

  total $1,486,004 · related or exempt $1,486,004 · unrelated business $0 · excluded $0

• 2e · Program service revenue: AGC EDGE REVENUE

  total $1,097,094 · related or exempt $1,097,094 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $1,776,630 · related or exempt $592,827 · unrelated business $1,183,803 · excluded $0

• 3 · Investment income

  total $1,116,614 · related or exempt $0 · unrelated business $0 · excluded $1,116,614

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $5,036,176

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

  securities $4,727,358

• 7c · Gain or loss

  securities $308,818 · other assets $0

• 7d · Net gain or loss

  total $308,818 · related or exempt $0 · unrelated business $0 · excluded $308,818

• 10a · Gross sales of inventory

  $2,049,915

• 10b · Cost of goods sold

  $667,703

• 10c · Net income from sales of inventory

  total $1,382,212 · related or exempt $0 · unrelated business $0 · excluded $1,382,212

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $129,792

• 5 · Compensation of officers, directors and key employees

  total $2,700,245

• 7 · Other salaries and wages

  total $7,888,601

• 8 · Pension plan contributions

  total $838,864

• 9 · Other employee benefits

  total $966,405

• 10 · Payroll taxes

  total $662,753

• 11b · Fees: legal

  total $855,790

• 11c · Fees: accounting

  total $82,866

• 11f · Fees: investment management

  total $158,484

• 11g · Fees: other

  total $927,486

• 12 · Advertising and promotion

  total $489,787

• 13 · Office expenses

  total $64,429

• 14 · Information technology

  total $711,748

• 16 · Occupancy

  total $882,640

• 17 · Travel

  total $329,023

• 19 · Conferences, conventions and meetings

  total $5,844,793

• 22 · Depreciation, depletion and amortization

  total $250,391

• 23 · Insurance

  total $90,642

• 24a · Other expenses: AGC EDGE

  total $471,471

• 24b · Other expenses: MEMBERSHIP DUES

  total $325,613

• 24c · Other expenses: AWARDS & PROGRAMS

  total $289,907

• 24d · Other expenses: EXEC LEADERSHIP COUNCIL

  total $287,100

• 24e · All other expenses

  total $302,959

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,105,051 · end of year $1,304,752

• 2 · Savings and temporary cash investments

  beginning of year $3,166,396 · end of year $3,661,876

• 4 · Accounts receivable

  beginning of year $1,242,448 · end of year $985,447

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $206,696 · end of year $176,809

• 9 · Prepaid expenses and deferred charges

  beginning of year $855,475 · end of year $1,070,341

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

  $5,270,038

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

  $3,646,154

• 10c · Land, buildings and equipment, net

  beginning of year $1,654,358 · end of year $1,623,884

• 11 · Investments: publicly traded securities

  beginning of year $18,370,468 · end of year $28,726,008

• 12 · Investments: other securities

  beginning of year $10,361,786 · end of year $3,546,780

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,673,212 · end of year $1,771,716

• 17 · Accounts payable and accrued expenses

  beginning of year $1,245,104 · end of year $2,057,261

• 19 · Deferred revenue

  beginning of year $2,447,264 · end of year $2,852,098

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $3,151,636 · end of year $2,272,518

• 27 · Net assets without donor restrictions

  beginning of year $31,512,604 · end of year $35,390,320

• 28 · Net assets with donor restrictions

  beginning of year $279,282 · end of year $295,416

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions

AGC OF AMERICA PAYS FOR SPOUSES OF OFFICERS, CEO AND COO TO TRAVEL TO RELATED AGC EVENTS. AGC OF AMERICA PAYS SOCIAL CLUB DUES FOR THE CEO TO ENABLE THEM TO ENTERTAIN GUESTS AND MEMBERS AND EDUCATE THEM ON AGC MATTERS AND INITIATIVES. THESE REIMBURSEMENTS ARE INCLUDED IN THE EXECUTIVE'S TAXABLE COMPENSATION AND ARE GROSSED-UP FOR INCOME TAX PURPOSES.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

CEO, COO, CFO AND VICE PRESIDENT OF PUBLIC AFFAIRS & WORKFORCE PARTICIPATE IN THE NONQUALIFIED DEFERRED COMPENSATION PLAN.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CONSENSUSDOCS LLC

  HOLDS COPYRIGHT · VA · income $0 · assets $0

  Directly controlled by NA

• PROJECT MODELING LLC

  PROMOTE BUILDING INFORMATION MODELING · VA · income $0 · assets $0

  Directly controlled by NA