Civic Intelligence

Foundation for Fair Contracting - MID-Atlantic Region

990 • Fiscal year 2021 • EIN 47-2251275

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

9301 Peppercorn PlaceUpper Marlboro, MD 20774

(202) 347-1461

Siviq Scores

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

Liabilities / Assets

77th percentile

0.02x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.02x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Net Margin

67th percentile

19%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Asset Growth

82nd percentile

25%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

18%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$394,553

Up $78,724 (+25%) from 2020

Net Assets

Up

$384,730

Up $75,905 (+25%) from 2020

Liabilities

Up

$9,823

Up $2,819 (+40%) from 2020

Revenue

Up

$409,974

Up $61,227 (+18%) from 2020

Expenses

Down

$334,069

Down $2,164 (-0.6%) from 2020

Net Income

Up

$75,905

Up $63,391 (+507%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $405,864Liabilities 2016: $3,804Net Assets 2016: $402,0602016Assets 2017: $304,398Liabilities 2017: $4,272Net Assets 2017: $300,1262017Assets 2018: $258,542Liabilities 2018: $3,945Net Assets 2018: $254,5972018Assets 2019: $300,583Liabilities 2019: $4,272Net Assets 2019: $296,3112019Assets 2020: $315,829Liabilities 2020: $7,004Net Assets 2020: $308,8252020Assets 2021: $394,553Liabilities 2021: $9,823Net Assets 2021: $384,7302021Assets 2022: $431,766Liabilities 2022: $61,143Net Assets 2022: $370,6232022Assets 2023: $244,119Liabilities 2023: $15,397Net Assets 2023: $228,7222023Assets 2024: $7,084Liabilities 2024: $14,060Net Assets 2024: -$6,9762024Assets 2025: $56,501Liabilities 2025: $4,441Net Assets 2025: $52,0602025

Highlighted filing

2021

Assets$394,553
Liabilities$9,823
Net Assets$384,730

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $711,005Expenses 2016: $463,663Net Income 2016: $247,3422016Revenue 2017: $424,996Expenses 2017: $526,930Net Income 2017: -$101,9342017Revenue 2018: $374,225Expenses 2018: $419,754Net Income 2018: -$45,5292018Revenue 2019: $377,741Expenses 2019: $336,027Net Income 2019: $41,7142019Revenue 2020: $348,747Expenses 2020: $336,233Net Income 2020: $12,5142020Revenue 2021: $409,974Expenses 2021: $334,069Net Income 2021: $75,9052021Revenue 2022: $500,928Expenses 2022: $515,035Net Income 2022: -$14,1072022Revenue 2023: $381,958Expenses 2023: $503,011Net Income 2023: -$121,0532023Revenue 2024: $305,084Expenses 2024: $509,760Net Income 2024: -$204,6762024Revenue 2025: $367,755Expenses 2025: $316,373Net Income 2025: $51,3822025

Highlighted filing

2021

Revenue$409,974
Expenses$334,069
Net Income$75,905
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$409,974
Mission and Program Overview

Mission

The foundation for fair contracting promotes compliance with laws and regulations relating to public works construction. Specifically, we focus on issues concerning wages, classification of workers, licensing and apprenticeship standards. Our objectives are to protect workers on government construction projects from substandard wages and labor conditions, and to establish a level playing field by providing a forum in the construction industry for those interested in fair, competitive contracting.

To promote compliance with laws and regulations relating to public works construction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$297,087$344,243▲ $47,156
Accounts Receivable$18,370$49,317▲ $30,947
Prepaid Expenses and Deferred Charges$372$993▲ $621
Total Assets$315,829$394,553▲ $78,724
Liabilities
Accounts Payable and Accrued Expenses$7,004$9,823▲ $2,819
Total Liabilities$7,004$9,823▲ $2,819
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$308,825$384,730▲ $75,905
Total Net Assets Fund Balance$308,825$384,730▲ $75,905
Total Liabilities and Net Assets / Fund Balance$315,829$394,553▲ $78,724
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aaron BastEmployer Trustee
Bernie BrillEmployer Trustee
Jt ThomasEmployer Trustee
Terriea SmallsLabor Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$89,543
Program Service Revenue
$320,431
Investment Income
$0
Other Revenue
$0
All Other Contributions
$89,543
Change in Net Assets
$75,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$409,974
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$409,974
Total Revenue per Form 990
$409,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$241,600
Other Expenses$92,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$146,532
Fees for Services Legal---$68,846
Other Salaries and Wages---$50,985
Other Employee Benefits---$17,825
Pension Plan Contributions---$13,724
Payroll Taxes---$12,534
Office Expenses---$10,458
Fees for Services Accounting---$8,601
Insurance---$3,777
Occupancy---$687
Conferences and Meetings---$100
Total Functional Expenses$0$0$0$334,069

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$334,069
Total Expenses per Audited Statements$334,069
Total Expenses per Form 990$334,069
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 was reviewed in detail by the controller and the independent public accountants prior to filing. After the form has been filed it is made available to the full board.

Form 990, Part VI, Section B, Line 15

Using comparable data of similar organizations, the board determined the compensation package.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Foundation for Fair Contracting -
EIN
47-2251275
Phone
2023471461
Address
9301 PEPPERCORN PLACE, UPPER MARLBORO, MD 20774

Signing Officer

Name
Aaron Bast
Title
Trustee
Phone
2023471461
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Bast
Formed
2014
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Subrina Wood CPA
Phone
2023319880
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation accounts for income taxes in accordance with the accounting standards codification (asc) topic income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The foundation performed an evaluation of uncertain tax positions for the year ended june 30, 2021 and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status.

Raw XML Appendix297 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE FOUNDATION FOR FAIR CONTRACTING PROMOTES COMPLIANCE WITH LAWS AND REGULATIONS RELATING TO PUBLIC WORKS CONSTRUCTION. SPECIFICALLY, WE FOCUS ON ISSUES CONCERNING WAGES, CLASSIFICATION OF WORKERS, LICENSING AND APPRENTICESHIP STANDARDS. OUR OBJECTIVES ARE TO PROTECT WORKERS ON GOVERNMENT CONSTRUCTION PROJECTS FROM SUBSTANDARD WAGES AND LABOR CONDITIONS, AND TO ESTABLISH A LEVEL PLAYING FIELD BY PROVIDING A FORUM IN THE CONSTRUCTION INDUSTRY FOR THOSE INTERESTED IN FAIR, COMPETITIVE CONTRACTING.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2021 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED IN DETAIL BY THE CONTROLLER AND THE INDEPENDENT PUBLIC ACCOUNTANTS PRIOR TO FILING. AFTER THE FORM HAS BEEN FILED IT IS MADE AVAILABLE TO THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1USING COMPARABLE DATA OF SIMILAR ORGANIZATIONS, THE BOARD DETERMINED THE COMPENSATION PACKAGE.
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02023471461
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR FAIR CONTRACTING -
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MID-ATLANTIC REGION
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0472251275
ReturnHeader/Filer/PhoneNum02023471461
ReturnHeader/Filer/USAddress/AddressLine1Txt09301 PEPPERCORN PLACE
ReturnHeader/Filer/USAddress/CityNm0UPPER MARLBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020774
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALIBRE CPA GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07501 WISCONSIN AVENUE SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum02023319880
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUBRINA WOOD CPA
ReturnHeader/ReturnTs02022-05-16T14:03:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AARON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAST
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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