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Nonprofiteer
← AGC OF KENTUCKY INC

Form 990 for tax year 2024

Filed by AGC OF KENTUCKY INC.

Totals

Total revenue
$1,452,029
Total expenses
$1,376,283
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,283,387
Investment income
$154,582
Other revenue
$14,060
Total assets, end of year
$2,501,099
Total liabilities, end of year
$509,204
Net assets or fund balances, end of year
$1,991,895
Program services expenses (Part IX)
$1,109,660
Management and general expenses
$266,623
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 80.6% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $764,692 · related or exempt $764,692

  • 2b · Program service revenue: SIF SERVICE FEES

    total $178,235 · related or exempt $178,235

  • 2c · Program service revenue: SAFETY SEMINARS AND TRAINING

    total $170,415 · related or exempt $170,415

  • 2d · Program service revenue: MEMBERSHIP EVENTS

    total $109,791 · related or exempt $109,791

  • 2e · Program service revenue: KY CONSTRUCTION IND TRUST FEE

    total $60,254 · related or exempt $60,254

  • 3 · Investment income

    total $42,999 · excluded $42,999

  • 7a · Gross sales of assets other than inventory

    securities $650,917

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

    securities $539,334

  • 7c · Gain or loss

    securities $111,583

  • 7d · Net gain or loss

    total $111,583 · related or exempt $111,583

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $14,060 · related or exempt $14,060

  • 11e · Other revenue, total

    $14,060

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $251,266 · program services $185,937 · management and general $65,329

  • 7 · Other salaries and wages

    total $258,430 · program services $193,212 · management and general $65,218

  • 8 · Pension plan contributions

    total $223 · program services $165 · management and general $58

  • 9 · Other employee benefits

    total $152,053 · program services $113,164 · management and general $38,889

  • 10 · Payroll taxes

    total $41,388 · program services $30,793 · management and general $10,595

  • 11a · Fees: management

    total $57,417 · program services $42,718 · management and general $14,699

  • 11f · Fees: investment management

    total $13,966 · management and general $13,966

  • 11g · Fees: other

    total $65,648 · program services $65,648

  • 12 · Advertising and promotion

    total $1,908 · program services $1,908

  • 13 · Office expenses

    total $16,063 · program services $11,951 · management and general $4,112

  • 14 · Information technology

    total $17,789 · program services $13,235 · management and general $4,554

  • 16 · Occupancy

    total $26,867 · program services $19,988 · management and general $6,879

  • 19 · Conferences, conventions and meetings

    total $819 · program services $609 · management and general $210

  • 20 · Interest

    total $13,771 · program services $10,245 · management and general $3,526

  • 21 · Payments to affiliates

    total $131,435 · program services $131,435

  • 22 · Depreciation, depletion and amortization

    total $40,044 · program services $26,430 · management and general $13,614

  • 23 · Insurance

    total $23,336 · program services $17,362 · management and general $5,974

  • 24a · Other expenses: MEMBERSHIP EVENTS

    total $107,965 · program services $107,965

  • 24b · Other expenses: SAFETY SEMINARS

    total $78,933 · program services $78,933

  • 24c · Other expenses: AUTOMOBILE EXPENSES

    total $22,243 · program services $16,549 · management and general $5,694

  • 24d · Other expenses: AGC EVENT

    total $18,995 · program services $18,995

  • 24e · All other expenses

    total $35,724 · program services $22,418 · management and general $13,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $279,514 · end of year $232,680

  • 4 · Accounts receivable

    beginning of year $52,994 · end of year $63,561

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,984

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

    $853,000

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

    $383,592

  • 10c · Land, buildings and equipment, net

    beginning of year $412,054 · end of year $469,408

  • 11 · Investments: publicly traded securities

    beginning of year $1,504,683 · end of year $1,735,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,425 · end of year $63,015

  • 19 · Deferred revenue

    beginning of year $186,338 · end of year $212,545

  • 24 · Unsecured notes and loans payable

    beginning of year $249,822 · end of year $233,644

  • 27 · Net assets without donor restrictions

    beginning of year $1,770,644 · end of year $1,991,895

Mission and programs · 2024

Mission

AGC SERVES OUR COMMONWEALTH'S CONSTRUCTION PROFESSIONALS BY PROMOTING THE SKILL, INTEGRITY, AND RESPONSIBILITY OF THOSE WHO BUILD KENTUCKY.

  • AGC SERVES OUR COMMONWEALTH'S CONSTRUCTION PROFESSIONALS BY PROMOTING THE SKILL, INTEGRITY, AND RESPONSIBILITY OF THOSE WHO BUILD KENTUCKY.

As filed on the 2024 return.

Listed in Part VII

  • Richard Vincent

    SECRETARY

    Total calculated
    $251,266
    From this org
    $235,000
    From related orgs
    $0
    Other
    $16,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $65,000
    Other
    not reported
    Deferred
    $16,266
    Nontaxable benefits
    not reported
    Filer's total
    $251,266
  • Corey Bard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Barnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Branscum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Keith Caudill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Casey Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ben Dycus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff England

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Bill Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Geegan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rebekah Gray

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2
  • Doug Hacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Art Walker IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jarrett Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Mosley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Porter O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Opalka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Phillps

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Kyle Plomin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cassidy Rosenthal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wes Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Colin Stout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Tyler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Greg Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.0
Source object
202503079349300435

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