Civic Intelligence

The Associated General Contractors Industry Advancement Fund

990 • Fiscal year 2022 • EIN 32-0607967

Nov 01, 2021 to Oct 31, 2022 • Filed on Feb 06, 2023

3219 Executive Park DriveSpringfield, IL 62703

(217) 789-2650

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.18x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.22x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

28%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$221,195

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

89th percentile

36%

Faster asset growth than 89% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

5.9%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,536,649

Up $404,509 (+36%) from 2021

Net Assets

Up

$1,264,579

Up $278,683 (+28%) from 2021

Liabilities

Up

$272,070

Up $125,826 (+86%) from 2021

Revenue

Up

$1,219,895

Up $67,556 (+5.9%) from 2021

Expenses

Up

$872,919

Up $139,308 (+19%) from 2021

Net Income

Down

$346,976

Down $71,752 (-17%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $817,773Liabilities 2020: $253,707Net Assets 2020: $564,0662020Assets 2021: $1,132,140Liabilities 2021: $146,244Net Assets 2021: $985,8962021Assets 2022: $1,536,649Liabilities 2022: $272,070Net Assets 2022: $1,264,5792022Assets 2025: $3,224,587Liabilities 2025: $535,849Net Assets 2025: $2,688,7382025

Highlighted filing

2022

Assets$1,536,649
Liabilities$272,070
Net Assets$1,264,579

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2020: $1,313,896Expenses 2020: $749,830Net Income 2020: $564,0662020Revenue 2021: $1,152,339Expenses 2021: $733,611Net Income 2021: $418,7282021Revenue 2022: $1,219,895Expenses 2022: $872,919Net Income 2022: $346,9762022Revenue 2025: $1,716,659Expenses 2025: $984,740Net Income 2025: $731,9192025

Highlighted filing

2022

Revenue$1,219,895
Expenses$872,919
Net Income$346,976
Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Feb 6, 2023
Return Version
2021v4.2
Gross Receipts
$1,510,884
Mission and Program Overview

Mission

Primary purpose is the advancement of heavy highway industry in the state of illinois.

The advancement of heavy highway contractors and the heavy highway industry in the state of illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$253,175$955,824▲ $702,649
Cash and Non-Interest-Bearing Accounts$757,407$400,811▼ $356,596
Accounts Receivable$121,558$180,014▲ $58,456
Total Assets$1,132,140$1,536,649▲ $404,509
Liabilities
Accounts Payable and Accrued Expenses$146,244$272,070▲ $125,826
Total Liabilities$146,244$272,070▲ $125,826
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$985,896$1,264,579▲ $278,683
Total Net Assets Fund Balance$985,896$1,264,579▲ $278,683
Total Liabilities and Net Assets / Fund Balance$1,132,140$1,536,649▲ $404,509
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim DavidsmeyerImmediate Past President
Art SnyderPast President
William KinneyPast President
Brad BruinsPresident
Matt ReyhanVice President
Matt BennettAssociate Director
Matt RolandAssociate Director
Allan ReyhanDirector
Allen CullinanDirector
Bob BrunerDirector
Bob DunnDirector
David Stark JrDirector
Everett BellDirector
Gene KeeleyDirector
Jay CallisonDirector
Jeff FuerstDirector
Jim McphailDirector
Joseph CowanDirector
Ken KilianDirector
Mark HelmDirector
Matt DecapDirector
Rob SummersDirector
Russel TobeyDirector
Stephen W BoydDirector
Brian VogtDirector at Large
Greg MillerDirector at Large
William FreyExecutive Director
Beck SimondsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,225,543
Investment Income
$-5,648
Other Revenue
$0
Change in Net Assets
$346,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$872,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$868,671
Fees for Service Investment Mgmnt Fees---$4,248
Total Functional Expenses$0$0$0$872,919
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is provided to the executive director of the board of directors for review and approval before it is filed.

Form 990, Part VI, Section B, Line 12C

Annually, each board member must disclose any known conflicts of interest. The board monitors that each board member has completed this disclosure.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Associated General Contractors
EIN
32-0607967
Phone
2177892650
Address
3219 EXECUTIVE PARK DRIVE, SPRINGFIELD, IL 62703

Signing Officer

Name
Bill Frey
Title
Executive Director
Phone
2177892650
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Frey
Formed
2019
Legal Domicile
Il
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS ROAD STE 200A, SPRINGFIELD, IL 62704
Preparer
Kathleen O Ward
Phone
2177890960
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. The association is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the date of the statement of financial position. Penalties and interest assessed by taxing authorities are included in miscellaneous expenses, if applicable. There were no interest or penalties paid during 2022.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR
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IRS990/FormationYr02019
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PRIMARY PURPOSE IS THE ADVANCEMENT OF HEAVY HIGHWAY INDUSTRY IN THE STATE OF ILLINOIS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/PrincipalOfficerNm0BILL FREY
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IRS990/ProgramServiceRevenueGrp/Desc0INDUSTRY ADVANCEMENT F
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ASSOCIATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE DATE OF THE STATEMENT OF FINANCIAL POSITION. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN MISCELLANEOUS EXPENSES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM FREY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0221195
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, EACH BOARD MEMBER MUST DISCLOSE ANY KNOWN CONFLICTS OF INTEREST. THE BOARD MONITORS THAT EACH BOARD MEMBER HAS COMPLETED THIS DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE ASSOCIATED GENERAL CONTRACTORS OF IL EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE ASSOCIATED GENERAL CONTRACTORS OF ILLINOIS POLITICAL ACTION COMMITTEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE ASSOCIATED GENEREAL CONTRACTORS OF ILLINOIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237159951
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1371364901
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2370343360
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0SECTION 501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1SECTION 527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GIVE SCHOLARHIPS TO UNDERGRADUATE STUDENTS IN CONSTRUCTION/CIVIL ENGINEERING

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